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Global Calibration Services Market Growth Prospects, Future Industry Landscape 2032 | ABB Ltd., Endress+Hauser AG, Micro Precision Calibration Inc., Rohde & Schwarz GmbH & Co KG
Calibration Services Market
Calibration Services Market Size, Growth Rate, And Forecast
The global calibration services market size is expected to grow from $5.91 billion in 2022 to $6.37 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The calibration services market size is expected to grow to $8.38 billion in 2027 at a CAGR of 7.1%.
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Calibration Services Market Drivers
Rapid industrialization is expected to boost the growth of the calibration services market going forward. Rapid industrialization is due to the need for creating employment opportunities, promotion of education, training and research, industrial growth, and others. Rapid industrialization leads to increased growth in industries and manufacturing sectors that produce a lot of products to be tested and verified for the intended use.
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Calibration Services Market Segments
1) By Service: In-House, OEMs (Original Equipment Manufacturer), Third-Party Service
2) By Calibration: Electrical, Mechanical, Thermodynamic, Physical Or Dimensional, Other Calibrations
3) By End Use: Electronics Manufacturing, Communication, Aerospace And Defense, Automotive, Other End-Uses
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Calibration Services market.
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Calibration Services Market Key Players
Major players in the calibration services market are ABB Ltd., Endress+Hauser AG, Micro Precision Calibration Inc., Rohde & Schwarz GmbH & Co KG, Siemens Aktiengesellschaft, Simco Electronics, Tradinco Instruments, Transcat Inc., Trescal Holdings Inc., Danaher Corporation, General Electric, Agilent Technologies Inc., Keysight Technologies Inc., Optical Test and Calibration Ltd., and Fluke Corporation.
The Business Research Company's "Global Calibration Services Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Calibration Services Market Include:
1. Executive Summary
2. Calibration Services Market Characteristics
3. Calibration Services Market Trends And Strategies
4. Calibration Services Market - Macro Economic Scenario
5. Calibration Services Market Size And Growth
……
27. Calibration Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Calibration Services Market
29. Calibration Services Market Future Outlook and Potential Analysis
30. Appendix
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