Calibration
in measurement technology is the comparison of measurement values
delivered by a device under test with those of a calibration standard
of known accuracy. Calibration equipment plays a very crucial role
identifying, measuring as well as rectifying the deviation in the
performance of measurement and testing instruments. Electrical
Calibration Equipment is one of the major types of calibration
equipment. It has widespread applications across automotive,
industrial, and electronic manufacturing sector among others.
Increasing demand and focus towards accurate information and data
related issues are fueling the growth of electrical calibration
equipment market globally. The market for electrical calibration
equipment is segmented into by application which includes
communication, electronic manufacturing sector, aerospace and
defense, automotive, healthcare and industrial among others. The
market for electrical calibration equipment has been segmented
geographically into Asia Pacific, Europe, North America, South
America and Middle East and Africa.
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Growing
demand of equipment for sensing and understanding system designs and
measuring the accuracy of the data delivered is one of the major
drivers for the electrical calibration equipment market globally.
Manufacturing hubs are adopting calibration equipment in order to
calibrate their measuring equipment to comply with government
regulations which is one of the major drivers for the market across
different regions globally. Some of the organizations have
calibration capabilities in-house owing to their extensive
requirement for calibration equipment. Strict government norms and
regulations towards quality standards along with increasing
preventive measure to ensure efficient operation are some of factors
acting as drivers for the electrical calibration equipment market
globally. Increasing technological advancement in the developing
nations is another growth booster for the market. Increasing design
and standard complexities and high establishment cost are some of the
prime restraining factor which may hinder the growth of the
electrical calibration equipment market globally. Application of
electrical calibration equipment across power plants, pharmaceuticals
industry is one of the major opportunities for the market which may
drive the growth in near future.
In
2016, Europe is leading the market for electrical calibration
equipment in terms of revenue, followed by North America and Asia
Pacific globally. Germany, the U.K., Italy and France are holding
prominent positions in the electrical
calibration equipment market across Europe. Aging
infrastructure in different countries is also fueling the market for
electrical calibration equipment market. The U.S. is dominating the
market for electrical calibration equipment, followed by Canada and
Mexico. China is leading the market for electrical calibration
equipment, followed by India, Japan, South Korea and Taiwan among
others. Growing focus towards maintenance and repair of the systems
to ensure efficient operation is one of the prime reasons behind the
growth of the electrical calibration equipment market. U.A.E, South
Africa, Brazil and Argentina among others are dominating the market
for electrical calibration equipment across Middle East and Africa
and South America. The growth of the market is driven by growing
awareness and concern about quality standards along with focus on
preventive maintenance are some of the prime factor influencing the
growth of the electrical calibration equipment market.
General
Electric (The U.S.), Siemens AG (Germany), Danaher Corporation (The
U.S.), Keysight Technologies, Inc. (The U.S.), Fluke Corporation (The
U.S.), Endress+Hauser (Switzerland), Rohde & Schwarz GmbH &
Co KG (Germany), Trescal, Inc. (The U.S.), OMEGA Engineering (The
U.S.), Optical Test and Calibration Ltd. (The U.K.), Transcat, Inc.
(The US), Bronkhorst High-Tech B.V. (The Netherlands) and Hubbell
Incorporated (The U.S.) among others is prominent players operating
in the electrical calibration equipment globally. Geographical
expansion, establishing long term partnership agreements with other
companies along with increasing research facilities across different
countries are some of the prime business strategies adopted by the
electrical calibration equipment market globally.
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