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Calibration Pump Market on Track for Strong Growth, Estimated to Grow at 4.3% CAGR Through 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Calibration Pump Market Through 2025?
The market size of the calibration pump has experienced constant growth over the past few years. The market is projected to expand from $1.83 billion in 2024 to $1.91 billion in 2025, with a compound annual growth rate (CAGR) of 4.1%. The historical growth can be traced back to the surge in industrialization, a heightened emphasis on precision and dependability, the oil and gas industry's demand, the enlargement of the food and beverage sector, and the growth of service and calibration provider industry.
What's the Projected Size of the Global Calibration Pump Market by 2029?
Steady expansion is anticipated in the calibration pump market over the next few years, with predictions indicating a growth to $2.26 billion in 2029 at a compound annual growth rate (CAGR) of 4.3%. The projected growth in the coming years can be linked to the progression in IoT and Industry 4.0, increased focus on precision instrumentation, the enlargement of the healthcare sector and increasing demand from aerospace and defence industries, along with the expansion of the energy sector. Foreseen trends within this period encompass the manufacture of multi-purpose calibration pumps, growth in cloud-based calibration solutions, a shift towards anticipatory maintenance strategies and the integration of AI (artificial intelligence) within calibration procedures.
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Top Growth Drivers in the Calibration Pump Industry: What's Accelerating the Market?
The rising need for automation and industrialization is anticipated to stimulate the expansion of the calibration pump market. Automation involves using technology such as machines, robots, and computer systems to carry out tasks or operations with the least human interference. In contrast, industrialization describes the holistic economic and social transition marked by the extensive development of industries, factories, and manufacturing establishments in a society or region. The growth of automation and industrialization as industries recognize the advantages of implementing automated solutions to boost productivity, reduce expenses, remain competitive, and address workforce issues in the rapidly evolving business environment. Calibration pumps are pivotal in automation and industrialization by validating the precision and dependability of pressure-measuring tools employed in multiple automated systems and industrial procedures. For instance, in March 2023, Verizon Communications Inc., a US-based telecommunications firm, indicated that retailers predict that up to 70% of routine activities will be either partially or entirely automated by 2025. They also plan to maximize the labor and productivity advantages by reassigning associates to customer-facing high-value tasks (18% of retailers) and supplementary business operations (26% of retailers). Consequently, the escalating demand for automation and industrialization is propelling the growth of the calibration pump market.
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Which Emerging Trends Are Transforming the Calibration Pump Market in 2025?
Significant businesses in the calibration pump sector are pioneering novel technological goods, such as the first commercial pump driver that consolidates all requisite control systems into a portable, ready-to-use component suitable for laboratory tests and production environments alike. For example, in August 2023, Quantex, a firm based out of Germany that specializes in recyclable, single-use pump technologies, unveiled the Q-Drive-Alpha. This new release was in response to the need for an effective and user-friendly pump driver system. The standalone device comes equipped with a 7-inch touchscreen display, allowing users to effortlessly set vital parameters like flow velocities and dosage volumes. The Q-Drive-Alpha is engineered to simplify operations across varied sectors such as food and drink, industrial applications, and biopharma. By cutting down on training duration and reducing product waste, it augments efficiency. This trailblazing advancement ensures more refined operations by providing accurate control over Quantex pumps, implying it's fitting for both lab and commercial usage.
What Are the Main Segments in the Calibration Pump Market?
The calibration pumpmarket covered in this report is segmented -
1) By Type: Hydraulic Calibration Pumps, Pneumatic Calibration Pumps
2) By Applications: Automotive, Food And Beverage, Oil And Gas, Research And Development
3) By Distribution Channel: Direct Sale, Indirect Sale
Subsegments:
1) By Hydraulic Calibration Pumps: Single-Stage Hydraulic Pumps, Multi-Stage Hydraulic Pumps, Portable Hydraulic Calibration Pumps, Stationary Hydraulic Calibration Pumps, Electric Hydraulic Calibration Pumps
2) By Pneumatic Calibration Pumps: Single-Stage Pneumatic Pumps, Multi-Stage Pneumatic Pumps, Handheld Pneumatic Calibration Pumps, Electric Pneumatic Calibration Pumps, Portable Pneumatic Calibration Pumps
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Which Top Companies are Driving Growth in the Calibration Pump Market?
Major companies operating in the calibration pump market are Baker Hughes, SIKA AG, Ametek Inc., Omega Engineering(Spectris), Fluke Corporation, Ashcroft Inc., Dwyer Instruments, Additel Corporation, WIKA Alexnder Wiegand SE & Co KG, Magnum Pro, Oy Beamex Ab, Crystal Engineering Corporation, 3D Instruments, Ralston Instruments, Calibration Laboratory LLC, Custom Calibration Inc., Hotek technologies, Time Electronics Ltd., Martel Electronics, Leyro Instruments, Condec s.r.o., SensorsONE, Meriam, Continental Testing Union OH
Which Regions Will Dominate the Calibration Pump Market Through 2029?
North America was the largest region in the calibration pump market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the calibration pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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