Press release
Electrical Calibration Equipment Market is Predicted to Reach US$ 4.2 Billion at a CAGR of 5.6% by 2033
Electrical Calibration Equipment Market
Fact.MR, a market research and competitive intelligence company, predicts flourishing development in the demand for electrical calibration equipment in the forthcoming years. When used daily, the power-measuring equipment, intensity-measuring equipment, voltage-measuring equipment, and resistance-measuring equipment allows it to verify the correct working of machines and installations, and electrical calibration increases the trust in its accuracy of measurements and performance. Electrical calibration is the basis of the safety, quality, and innovation of the majority of products & services and decides the traceability of measurement.
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Country Wise Analysis
The United States of America has attracted the serious notice of manufacturers due to the country's mass industrialization and urbanization. Top players like Keysight Technologies, Fluke Corporation, and Tektronix that have their headquarters in the U.S. are undertaking massive expansion programs by establishing centers and introducing new products. Businesses are also opting for vertical and horizontal expansion.
Massive investments are being undertaken in the production of electrical calibration equipment in China's dynamic electrical and electronics sector. The equipment is equipped with advanced technology, which reduces errors during calibration and makes the overall performance of the calibrated devices more efficient.
Category wise Insight
Accelerated development of technological innovations is triggering steady demand for new electronics products. The international consumer electronics market generated US$ 716.3 billion in revenue in 2022. Technological progress is supporting both households and companies in upgrading and replacing outdated devices with new ones.
Semiconductor devices are increasingly being used in the world as there is heightened demand for consumer electronics like television sets, washing machines, refrigerators, and cellular phones, among others. Demand for electronic appliances is also expected to rise based on innovations by companies backed by the high rate of technology growth.
Competitive Landscape
Fact.MR has listed following notable electrical calibration equipment manufacturers - Additel Corporation, AEMC, Extech Instruments, Fluke Corporation, Keysight Technologies Inc, Mastech, Meatest, Megger, TEKTRONIX, INC., Time Electronics Ltd, Transmille Ltd, and WIKA Instruments India Pvt. Ltd. These manufacturers are developing technology-driven products to combat the latest issues of component placement in the calibration arena.
Major players are adopting a competitive market pricing policy in the electric calibration equipment industry. Firms are creating constructive alliances and associations with various end-use industries for systematic recalibration. With growing demand for recalibration, manufacturers can capitalize on maintenance while seeing stability in demand.
In April 2021, Fluke Corporation introduced its new clamp meters 377 FC and 378 FC; they are said to be the first clamp meters to measure voltage non-contact accurately and safely without test leads. The tools utilize field sense technology making the test safer and quicker without touching a live conductor.
In December 2021, Megger reported that it has acquired Metrycom, the top supplier of analytics and grid network sensors to the electric supply market. This way, the company is prioritizing its growing online monitoring offerings and enhancing its predictive maintenance offerings with the enhanced detection and identification of unplanned outages.
Browse Full Report: https://www.factmr.com/report/electrical-calibration-equipment-market
Segments of Electrical Calibration Equipment Industry Research
By Device Type :
Ammeters
Multifunction Testers
Capacitance Meters
Multimeters
Insulation Testers
Oscilloscopes
Signal Generators
Power Analyzers
Chart Recorders & Data Loggers
Clamp Meters
Loop & Earth Testers
Socket Testers
Milliohm & Microhm Meters
Volt Sticks & Detectors
Others
By Principal Parameter :
Voltage
Current
Resistance
Inductance
Capacitance
Time
Frequency
Others
By Precision Device :
Precision Source
Precision Measurement
By Portability :
Benched
Portable / Handheld
By End-use Vertical :
Aerospace & Defense
Automotive
Electrical & Electronics
Industrial Manufacturing
IT & Telecommunication
Laboratories & Institutes
Oil & Gas And Petrochemicals
Pharmaceuticals
Power & Energy
Others
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa
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Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com
About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
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