Instrument calibration is method used to maintain the accuracy of an instrument.Contionous increase in adoption of instrument calibration services market across the industries globally at fixed intervals in their production processes to detect any faults with instruments at the earliest opportunity is likely to drive the instrument calibration services market. Also, rise in protective maintenance and quality awareness are some of the key aspects driving the growth of the instrument calibration services market during the forecast period. The instrument calibration services market is likely to further grow quickly with the initiation of industrial IoT as all instruments need to be calibrated repeatedly to guarantee the proper functioning of the device network.
MARKET DYNAMICS
Calibration also designates the traceability of the instrument, which is another aspect driving the rise of the instrument calibration services market. Also, strict government regulations are also enhancing the growth of the instrument calibration services market. Rise of end-use industries is also probable to enhance the growth of the instrument calibration services market as the instruments used in several industries such as life sciences, aerospace & defense, among others are at a high risk of failure and thus, require calibration at steady intervals. However, there is high competition in the market among the players, which is one of the major aspects hindering the growth of the instrument calibration services market. Another factor restraining the growth of the instrument calibration services market is lack of skilled labor.
MARKET SCOPE
The "Global Instrument Calibration Services market Analysis to 2028" is a specialized and in-depth study of instrument calibration services with a special focus on the global market trend analysis. The report aims to provide an overview of instrument calibration services with detailed market segmentation by service, end use. The global instrument calibration services market is expected to witness high growth during the forecast period. The report provides key statistics on the Instrument Calibration Services market and offers key trends and opportunities in instrument calibration services market.
MARKET SEGMENTATION
The instrument calibration services market is segmented on the basis of service, and end use. On the basis of service, market is segmented as electrical calibration services, mass standards calibration services, temperature calibration services. On the basis of end use, market is segmented as aerospace and defense, communication, electronics, industrial and automotive, pharmaceutical/biomedical, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Global instrument calibration services market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The global Instrument Calibration Services market by each region is later sub-segmented by respective countries and segments.
The report analyzes factors affecting instrument calibration services market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Pest analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological effecting the Instrument Calibration Services market in these regions.
MARKET PLAYERS
The reports cover key developments in the instrument calibration services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from instrument calibration services market are anticipated to lucrative growth opportunities in the future with the rising demand for instrument calibration services in the global market. Below mentioned is the list of few companies engaged in the instrument calibration services market.
The report also includes the profiles of instrument calibration services market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB Group
- Endress+Hauser
- ESSCO Calibration Laboratory
- General Electric
- Keysight Technologies, Inc.
- Micro Precision Calibration
- Optical Test and Calibration Ltd
- Rohde and Schwarz GmbH and Co KG
- Siemens AG
- Trescal, Inc.