Market Overview:
The global process calibration tools market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into benchtop, handheld, and handheld types. The handheld types account for up to 74% of the total market share segment. On the basis of application, the process calibration tools market is divided into electrical measurement & testing equipment calibration services; pressure and flow measurement equipment calibration services; temperature measurement equipment calibration services; and other applications (multifunction). The electrical measurement & testing equipment calibration services sector accounts for around 43% of total revenue generated in this industry by 2030 end.
Product Definition:
Process calibration tools are used to calibrate the process variables in a manufacturing or processing plant. The most important use of these tools is to ensure that the products being manufactured meet specifications.
Benchtop:
Benchtop is a generic term used for the equipment that is used to perform an operation at a fixed location. It can be either portable or static, but it must have some kind of movable component. The most common types of benchtop devices are computer terminals, printers, scanners and copiers and scientific instruments such as spectrophotometers, analyzers and pH meters among others.
Handheld:
Handheld instruments are portable tools that help in measuring and monitoring process parameters. They can be used for several applications such as quality control, research & development, production engineering and maintenance. The market is expected to witness significant growth over the forecast period owing to its increasing application across various industries including pharmaceuticals, chemicals, food & beverages and oil & gas among others.
Application Insights:
Electrical process calibration tools are used for testing and measuring electrical parameters of the equipment such as signal strength, voltage, resistance, and current. These are essential in maintaining the performance of electronic devices across a wide range of temperature conditions. The pressure and flow process calibration tools are used to measure various properties such as volume or mass based on pressure or flow rates. They provide critical data for monitoring industrial processes that ensure high-quality products with improved yield ratio.
Temperature process measurement tools include thermometers that measure temperature within 1/10th decimal place accuracy level up to 1099 Kelvin (0°C). They also comprise thermal analyzers that can be utilized to analyze sample temperatures with an accuracy level ranging from 0.1% to 999%. Other applications include humidity meters, leak detectors, radiation detection devices among others depending upon their type & complexity levels respectively.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to the increasing number of process industries and rising need for process measurement & control. The U.S., being one of the most developed countries, has well-established infrastructure facilities for research activities related to industrial processes as well as advanced R&D capabilities within Process Calibration Tools industry.
Asia Pacific is estimated to be the fastest-growing region from 2018 to 2030 due its developing economy, high growth rate, and large scale production base of pharmaceuticals, chemicals, metallurgy etc. China accounts for a major share in this region due its huge population coupled with rapid urbanization resulting into increased construction activities which ultimately drives product demand across this region over the forecast period. ‘’ (c) 2017 by Intellectual Reserve Inc.; All rights reserved; Do not reprint without permission.
Growth Factors:
- Increasing demand for quality products and services: The Process Calibration Tools market is driven by the increasing demand for quality products and services. This is because organizations are focusing on delivering high-quality products to their customers in order to differentiate themselves from their competitors.
- Rising need for productivity and efficiency: The Process Calibration Tools market is also driven by the rising need for productivity and efficiency across different industries. This is because businesses are looking to improve their operational efficiencies in order to remain competitive in the global marketplace.
- Growing trend of industrial automation: Another key driver of the Process Calibration Tools market is the growing trend of industrial automation across different industries worldwide. This is because businesses are increasingly adopting automated processes in order to improve production efficiencies and reduce costs associated with human labor.
Scope Of The Report
Report Attributes
Report Details
Report Title
Process Calibration Tools Market Research Report
By Type
Benchtop, Handheld, Handheld types account for up to 74% of the total market share segment
By Application
Electrical, Pressure and Flow, Temperature, Multifunction
By Companies
Fluke Corporation, WIKA, Ametek, Additel, GE, OMEGA, Const, CHINO CORPORATION, Martel Electronics, Extech
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Process Calibration Tools Market Report Segments:
The global Process Calibration Tools market is segmented on the basis of:
Types
Benchtop, Handheld, Handheld types account for up to 74% of the total market share segment
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
Electrical, Pressure and Flow, Temperature, Multifunction
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
- WIKA
- Ametek
- Additel
- GE
- OMEGA
- Const
- CHINO CORPORATION
- Martel Electronics
- Extech
Highlights of The Process Calibration Tools 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:
- Benchtop
- Handheld
- Handheld types account for up to 74% of the total market share segment
- By Application:
- Electrical
- Pressure and Flow
- Temperature
- Multifunction
- 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 Process Calibration Tools 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.
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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?
Process calibration tools are used to measure the accuracy of a process. They can be used to determine how well a process is performing and identify any potential issues.
Some of the key players operating in the process calibration tools market are Fluke Corporation, WIKA, Ametek, Additel, GE, OMEGA, Const, CHINO CORPORATION, Martel Electronics, Extech.
The process calibration tools market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Process Calibration Tools Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Process Calibration Tools Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Process Calibration Tools Market - Supply Chain
4.5. Global Process Calibration Tools Market Forecast
4.5.1. Process Calibration Tools Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Process Calibration Tools Market Size (000 Units) and Y-o-Y Growth
4.5.3. Process Calibration Tools Market Absolute $ Opportunity
5. Global Process Calibration Tools Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Process Calibration Tools Market Size and Volume Forecast by Type
5.3.1. Benchtop
5.3.2. Handheld
5.3.3. Handheld types account for up to 74% of the total market share segment
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Process Calibration Tools Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Process Calibration Tools Market Size and Volume Forecast by Application
6.3.1. Electrical
6.3.2. Pressure and Flow
6.3.3. Temperature
6.3.4. Multifunction
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Process Calibration Tools Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Process Calibration Tools Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Process Calibration Tools Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Process Calibration Tools Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Process Calibration Tools Demand Share Forecast, 2019-2026
9. North America Process Calibration Tools Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Process Calibration Tools Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Process Calibration Tools Market Size and Volume Forecast by Application
9.4.1. Electrical
9.4.2. Pressure and Flow
9.4.3. Temperature
9.4.4. Multifunction
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Process Calibration Tools Market Size and Volume Forecast by Type
9.7.1. Benchtop
9.7.2. Handheld
9.7.3. Handheld types account for up to 74% of the total market share segment
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Process Calibration Tools Demand Share Forecast, 2019-2026
10. Latin America Process Calibration Tools Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Process Calibration Tools Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Process Calibration Tools Market Size and Volume Forecast by Application
10.4.1. Electrical
10.4.2. Pressure and Flow
10.4.3. Temperature
10.4.4. Multifunction
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Process Calibration Tools Market Size and Volume Forecast by Type
10.7.1. Benchtop
10.7.2. Handheld
10.7.3. Handheld types account for up to 74% of the total market share segment
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Process Calibration Tools Demand Share Forecast, 2019-2026
11. Europe Process Calibration Tools Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Process Calibration Tools Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Process Calibration Tools Market Size and Volume Forecast by Application
11.4.1. Electrical
11.4.2. Pressure and Flow
11.4.3. Temperature
11.4.4. Multifunction
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Process Calibration Tools Market Size and Volume Forecast by Type
11.7.1. Benchtop
11.7.2. Handheld
11.7.3. Handheld types ccount for up to 74% of the total market share segment
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Process Calibration Tools Demand Share, 2019-2026
12. Asia Pacific Process Calibration Tools Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Process Calibration Tools Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Process Calibration Tools Market Size and Volume Forecast by Application
12.4.1. Electrical
12.4.2. Pressure and Flow
12.4.3. Temperature
12.4.4. Multifunction
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Process Calibration Tools Market Size and Volume Forecast by Type
12.7.1. Benchtop
12.7.2. Handheld
12.7.3. Handheld types account for up to 74% of the total market share segment
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Process Calibration Tools Demand Share, 2019-2026
13. Middle East & Africa Process Calibration Tools Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Process Calibration Tools Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Process Calibration Tools Market Size and Volume Forecast by Application
13.4.1. Electrical
13.4.2. Pressure and Flow
13.4.3. Temperature
13.4.4. Multifunction
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Process Calibration Tools Market Size and Volume Forecast by Type
13.7.1. Benchtop
13.7.2. Handheld
13.7.3. Handheld types account for up to 74% of the total market share segment
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Process Calibration Tools Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Process Calibration Tools Market: Market Share Analysis
14.2. Process Calibration Tools Distributors and Customers
14.3. Process Calibration Tools Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Fluke Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. WIKA
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ametek
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Additel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GE
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. OMEGA
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Const
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CHINO CORPORATION
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Martel Electronics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Extech
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
