Temperature Calibrators Market size shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
Temperature calibrators are used to compare readings of temperature measuring equipment like thermometers, thermocouples, thermistors, thermometers, platinum thermometers, and RTDs, at a stable temperature with regulatory standards and to correct any deviations. They are highly reliable devices in temperature measurements which ensure that accuracy is maintained during the processes. They are cost effective and they reduce down-times as they enable the assessment of mechanical, electronic and electro-mechanical equipment.
They are applied where temperature measurements are vital during production processes in industries so as to ensure and enhance the quality of products. They are also applied in medical, pharmaceuticals, laboratories and in manufacturing plants for temperature measurements in machines and equipment.
The market is divided into original equipment manufacturers(OEMs), third party service providers and in-house maintenance. OEMs take majority of the market share, with Europe being the market dominator. The market has few established manufacturers. Market players are using strategies like launching differentiated products, investing in research & developments and increasing mergers & acquisitions.
In 2019, Tegam Inc, based in Ohio, which specializes in temperature measurements, launched the 940 Series : Handheld Industrial Thermocouple calibrators. The new products are designed to offer more convenience and deeper accuracy compared to its rivals. In the same year, Beamex introduced a new temperature calibrator that is designed to fully automate the calibration process hence reducing time and money spend in the process.
Temperature Calibrators Market Growth and Trends
Driving factors for the industry :
• The trend of implementing automation technologies across different industries around the world are promoting the demand for the temperature calibrators.
• Consistent rise in need for temperature measurement to assure product quality in laboratories is encouraging several pharmaceutical enterprises and organisations to conduct on-site calibration for a wide range of temperature monitoring applications. These are considerably cost-effective for them as on-site calibration decreases the downtime and testing equipment purchasing cost hence increasing the demand for the temperature calibrators market.
• Moreover, increasing reliability of temperature measurement devices is also in turn anticipated to trigger the growth of the temperature calibrators market.
• Several new companies are entering into the temperature calibrators market due to growing reliability of temperature measurement devices which encourages the consumer demand and causing more market share. Moreover, these market players are also focusing on launching several diverse technologies leading to an all round vast growth and development of the temperature calibrators market.
• Accurate temperature measurement is essential for maintaining process efficiency, product quality, and operational safety in industrial processes. This increases the requirement of the temperature calibrator in various fields and industries across the globe that drive the growth of the temperature calibrators market during the assessment period and the near future.
• Increased reliability of temperature measurement devices, the accuracy, uniformity, stability of the temperature, simple operation, and high performance are some of the major factors that influence the temperature calibrators market growth are expected to drive the growth of the calibrators market.
• The growth of the temperature calibrators industry will accelerate during the next few years and countries in EMEA( Europe, Middle East, Africa )will contribute to the major share of this global market. The increase in regulatory policies related to quality assurance will drive the demand for temperature calibrators and push the market’s growth in the EMEA region.
Challenges for the industry :
• The availability of multifunctional calibrators is the key hindering factor for the growth of the market.
• Further, the high threat from multifunctional calibrators will impact the market growth because they threaten the growth of single-purpose calibrators. This is because they offer advantages such as simple functionality and user-friendly interfaces with enhanced effectiveness and efficiency that will make consumers incline only towards them and ignore single-purpose calibrators thus hampering the all over growth of the global temperature calibrators market.
Temperature Calibrators Market Regional Analysis
Temperature Calibrators Market Share and Competition
Key companies operating in this industry are: Yokogawa Electric Corporation, AMETEK, Inc., General Electric Company, WIKA Group, Additel Corporation, Beamex, Spectris plc, and Fortive (Fluke).
Temperature Calibrators Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Industry Analysis (Revenue, USD Million, 2020 - 2027)
• OEMs (Original equipment manufacturers)
• Third party service providers
• In-house maintenance
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Temperature Calibrators Market Companies
• Yokogawa Electric Corporation
• AMETEK, Inc.
• General Electric Company
• WIKA Group
• Additel Corporation
• Beamex
• Spectris plc
• Fortive (Fluke)
Available Versions: -
United States Temperature Calibrators Market Research Report
Europe Temperature Calibrators Market Research Report
Asia Pacific Temperature Calibrators Market Research Report
India Temperature Calibrators Market Research Report
