Market Overview:
The global thermodynamic calibration equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for thermodynamic calibration equipment from various end-use industries, such as industrial and laboratories. Additionally, the growing awareness about the benefits of using calibrated thermodynamic equipment is also contributing to the growth of this market. On the basis of type, mobile type thermodynamic calibration equipment held a major share in 2017 and is expected to continue its dominance during the forecast period. This can be attributed to its advantages over other types of thermodynamic calibration equipment, such as easy installation and portability.
Product Definition:
Thermodynamic calibration equipment is used to calibrate thermodynamic sensors and devices. Its importance is in ensuring that measurements of temperature, pressure, and other thermodynamic variables are accurate.
Mobile Type:
Mobile type is a system that enables the user to measure and transfer thermal energy from one point to another. It’s major application includes space heating, cooling, evaporation, and condensation. Mobile types are widely used in industrial processes such as heat treatment & processing of steel products; automotive industries for engine performance testing; food industry for quality control; petrochemical industries for process monitoring & controlling purposes etc.
Portable Type:
Portable type is a system that includes all the equipment and devices used to measure temperature. It can be further segmented into two types, namely mechanical portable and electrical portable. The major function of these products is to provide accurate measurement of temperature in different environmental conditions without any permanent installation.
Application Insights:
The industrial application segment dominated the global thermodynamic calibration equipment market in 2017. It is expected to retain its dominance over the forecast period as well. Industrial applications of TCE include process control, quality control and product testing among others. The laboratories application segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to an increase in demand for lab-grade products by industries involved in R&D activities or manufacturing processes that require highly purified chemicals or components for their production.
Industrial gases are used extensively across several end-use industries such as pharmaceuticals, food & beverage and chemical manufacturing among others where high purity gases are required for their production along with other applications such as welding.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to increasing demand for high-precision thermodynamic equipment from various end-use industries such as pharmaceutical, chemical, and others. Moreover, growing R&D activities related to the development of new products is expected to drive regional growth over the forecast period.
The Asia Pacific is anticipated to witness significant growth during the forecast period owing to rising investments by governments in developing countries such as India and China for improving healthcare facilities and infrastructure coupled with growing awareness about early diagnosis of diseases among people will boost medical tourism in these regions which will further propel product demand during the forecast period. In addition, rapid industrialization along with expanding population base has led major manufacturers operating within this region are looking forward for government support on issues like energy policy & planning; environmental protection; food & beverage policy; health & safety at work etc.
Growth Factors:
- Increasing demand for thermodynamic calibration equipment from the process industries
- Growing popularity of automated calibration systems
- Proliferation of smart factories and IIoT-enabled plants
- Rising investments in R&D for developing new and innovative thermodynamic calibration equipment products
- Emergence of big data analytics and machine learning in process industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermodynamic Calibration Equipment Market Research Report
By Type
Mobile Type, Portable Type
By Application
Industrial, Laboratories
By Companies
Fluke Corporation, OMEGA, WIKA, GE Druck, Bronkhorst, Ametek, Martel Electronics, CHINO CORPORATION, Extech, Gagemaker, Fluke Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Thermodynamic Calibration Equipment Market Report Segments:
The global Thermodynamic Calibration Equipment market is segmented on the basis of:
Types
Mobile Type, Portable Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Laboratories
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fluke Corporation
- OMEGA
- WIKA
- GE Druck
- Bronkhorst
- Ametek
- Martel Electronics
- CHINO CORPORATION
- Extech
- Gagemaker
- Fluke Corporation
Highlights of The Thermodynamic Calibration Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mobile Type
- Portable Type
- By Application:
- Industrial
- Laboratories
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermodynamic Calibration Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermodynamic calibration equipment is used to measure the thermal properties of substances. This equipment includes a heat exchanger, thermocouple, and temperature probe. The heat exchanger allows for the transfer of heat between two different substances while the thermocouple and temperature probe allow for accurate measurements of temperature and pressure.
Some of the key players operating in the thermodynamic calibration equipment market are Fluke Corporation, OMEGA, WIKA, GE Druck, Bronkhorst, Ametek, Martel Electronics, CHINO CORPORATION, Extech, Gagemaker, Fluke Corporation.
The thermodynamic calibration equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermodynamic Calibration Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermodynamic Calibration Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermodynamic Calibration Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermodynamic Calibration Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermodynamic Calibration Equipment Market Size & Forecast, 2018-2028
4.5.1 Thermodynamic Calibration Equipment Market Size and Y-o-Y Growth
4.5.2 Thermodynamic Calibration Equipment Market Absolute $ Opportunity
Chapter 5 Global Thermodynamic Calibration Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Thermodynamic Calibration Equipment Market Size Forecast by Type
5.2.1 Mobile Type
5.2.2 Portable Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermodynamic Calibration Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Thermodynamic Calibration Equipment Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Laboratories
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermodynamic Calibration Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermodynamic Calibration Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thermodynamic Calibration Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Thermodynamic Calibration Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thermodynamic Calibration Equipment Market Size Forecast by Type
9.6.1 Mobile Type
9.6.2 Portable Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Thermodynamic Calibration Equipment Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Laboratories
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Thermodynamic Calibration Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Thermodynamic Calibration Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thermodynamic Calibration Equipment Market Size Forecast by Type
10.6.1 Mobile Type
10.6.2 Portable Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Thermodynamic Calibration Equipment Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Laboratories
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Thermodynamic Calibration Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermodynamic Calibration Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thermodynamic Calibration Equipment Market Size Forecast by Type
11.6.1 Mobile Type
11.6.2 Portable Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Thermodynamic Calibration Equipment Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Laboratories
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Thermodynamic Calibration Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermodynamic Calibration Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thermodynamic Calibration Equipment Market Size Forecast by Type
12.6.1 Mobile Type
12.6.2 Portable Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Thermodynamic Calibration Equipment Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Laboratories
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Thermodynamic Calibration Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermodynamic Calibration Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thermodynamic Calibration Equipment Market Size Forecast by Type
13.6.1 Mobile Type
13.6.2 Portable Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Thermodynamic Calibration Equipment Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Laboratories
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermodynamic Calibration Equipment Market: Competitive Dashboard
14.2 Global Thermodynamic Calibration Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fluke Corporation
14.3.2 OMEGA
14.3.3 WIKA
14.3.4 GE Druck
14.3.5 Bronkhorst
14.3.6 Ametek
14.3.7 Martel Electronics
14.3.8 CHINO CORPORATION
14.3.9 Extech
14.3.10 Gagemaker
14.3.11 Fluke Corporation
