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Calibrators Market Is Expected To Register 4.1% CAGR Between 2022 And 2029

Sales in this market are expected to be driven by the easy availability of a large number of calibrators based on the function and form of the equipment to be calibrated. Furthermore, the increasing use of pressure calibrators to ensure the accuracy of various instruments and to improve the quality standard of products is expected to propel the market.

Furthermore, the high demand for multifunction calibrators from various industry verticals such as semiconductor, automotive, and aerospace & defense is expected to support market growth. Aside from that, the increasing use of calibrators for calibrating laboratory devices to a known standard is another factor that is expected to boost the market in the coming years.

The rising number of workplace injuries around the world is expected to boost sales of multifunction calibrators shortly. These calibrators are widely used to regularly test the electrical equipment of various industries, such as oil refineries, manufacturing, and power generation plants, to prevent lethal harm.

If left unchecked, medium, high, and low voltage transformers are more likely to cause workplace damage. According to the Electrical Safety Foundation International (ESFI), there were approximately 3,114 fatalities in the United States from 2003 to 2020 as a result of direct contact or exposure to electric current at work. These figures are likely to rise in the coming years in other countries around the world.

Further, the surging utilization of calibrators in the electronic & semiconductor industry to maintain product quality, reliability, and linearities of numerous electronic devices, such as modular measuring instruments, chart recorders, power supplies, data loggers, millimeters, clamp meters, and oscilloscopes is a significant factor that is likely to propel the demand for pressure calibrators. Coupled with this, the rising digitization of warehouses and factories worldwide and the development of portable vibration calibrator systems would accelerate the growth in this market.

Key Players:
  • Fluke Calibration
  • Keysight Technologies
  • Beamex Oy Ab
  • WIKA
  • OMEGA Engineering Inc.
  • Megger
  • Yokogawa Test & Measurement Corporation
  • ABB

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