Instrument Calibration Services Market 2020: Intelligence Report Includes Market Revenue and Top Key Players (GE, ABB, Lockheed Martin, Tektronix, Siemens, Endress+Hauser) | Foreseen Till 2025

Global Instrument Calibration Services Market Synopsis:

The report covers a forecast and an analysis of the Instrument Calibration Services Market on a global and regional level. The study provides historical data for 2015, 2016, 2017 and 2018 along with a forecast from 2020 to 2025 based on revenue (USD Million) and volume (Kilotons). The study includes drivers and restraints of the Instrument Calibration Services Market along with the impact they have on the demand over the forecast period.

Significant key factors driving the growth of the Global Instrument Calibration Services Market are focus on preventive maintenance, strict government regulations, and increased quality consciousness among consumers. Furthermore, the Instrument Calibration Services Market is expected to further grow rapidly with the advent of industrial IoT as all instruments need to be calibrated regularly to ensure the proper functioning of the device network. Calibration also indicates the traceability of the instrument, which is another factor driving the growth of the Global Instrument Calibration Services Market.

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In terms of the geographic analysis, Instrument Calibration Services Market in Europe has been witnessing significant growth, owing to the increasing use of instrument calibration services in the electronics manufacturing sector in the region. Asia-Pacific is expected to be the most promising Instrument Calibration Services Market during the forecast period with the highest CAGR among all regions.

This report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency. It comprehensively evaluates the Global Instrument Calibration Services Market with different perspectives for the purpose of providing a detailed, informative, and accurate analysis of regional growth, competition, market segmentation, and other important aspects.

Global Key Players:

1 Trescal

2 Transcat

3 Tektronix

4 Siemens AG

5 ABB Group

6 Consumers Energy

7 Endress+Hauser

8 Rohde & Schwarz

9 Lockheed Martin

10 ESSCO Calibration Laboratory

11 GE Kaye, General Electric

12 Keysight Technologies

13 Micro Precision Calibration

14 Optical Test and Calibration

15 Technical Maintenance

16 Tradinco Instruments and More.....................

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Product Type Segmentation

1 Electrical Calibration Services

2 Mass Standards Calibration Services

3 Temperature Calibration Services

Industry Segmentation

1 Pharmaceutical and Biomedical

2 Industrial and Automotive

3 Electronics

4 Communication

5 Aerospace & Defense

On the basis of Regional analysis, North America and Europe holds major share in global Instrument Calibration Services market. Moreover, Asia-Pacific is expected to record higher growth rate in Instrument Calibration Services Market during the forecast year.

Global Industry News:

Lockheed Martin (May 19, 2020) - Lockheed Martin Announces Proactive Measures To Mitigate COVID-19 Impacts To F-35 Production - In response to previously reported COVID-19 F-35 supplier delays, Lockheed Martin is taking proactive measures to mitigate impacts and position the program for the fastest possible recovery by adjusting work schedules, maintaining specialized employee skillsets, and accelerating payments to small and vulnerable suppliers, to continue meeting customer commitments.

Today Lockheed Martin and the International Association of Machinists and Aerospace Workers (IAM) agreed to a temporary alternate work schedule for F-35 production line employees in Fort Worth to maintain their skilled workforce.

The new schedule, which will begin May 23, divides each shift into three groups. On a rotation, each group will work for two weeks and then will have a week off. During the adjusted three-week work schedule, employees who work 96 hours or more will be compensated an additional 24 hours for their off week while receiving full pay and benefits.

The alternate schedule allows Lockheed Martin to staff the production line to meet a slower workflow resulting from supplier delays. In addition, it provides a work rhythm that retains the expertise of the talented workforce and provides opportunities to adjust work to better support production.

"These are challenging times, but managing tough challenges is when the F-35 program performs at its best. The alternate work schedule maintains the specialized skillset of the employees and provides opportunities to for us to adjust our workflow to account for supplier delays due to COVID-19," said Aeronautics Executive Vice President Michele Evans. "Our F-35 workforce is the best in the world at what they do, and we will continue to deliver on our customer's mission."

The temporary alternate work schedule agreement will continue for its first three-week cycle. The company will then evaluate business needs and can alter the schedule as needed with the option to discontinue as warranted or continue until Sept. 4. Lockheed Martin and the IAM have also agreed to allow employees to volunteer to be furloughed for 30 days where they maintain their benefits but forgo pay during this period.

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Major Points in Table of Contents:

Global Instrument Calibration Services Market Report 2020

1 Instrument Calibration Services Product Definition

2 Global Instrument Calibration Services Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Instrument Calibration Services Shipments

2.2 Global Manufacturer Instrument Calibration Services Business Revenue

2.3 Global Instrument Calibration Services Market Overview

2.4 COVID-19 Impact on Instrument Calibration Services Industry

3 Manufacturer Instrument Calibration Services Business Introduction

3.1 Trescal Instrument Calibration Services Business Introduction

3.2 Transcat Instrument Calibration Services Business Introduction

3.3 Tektronix Instrument Calibration Services Business Introduction

3.4 Siemens AG Instrument Calibration Services Business Introduction

3.5 ABB Group Instrument Calibration Services Business Introduction

3.6 Consumers Energy Instrument Calibration Services Business Introduction

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