The Europe Calibration Services Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030).
Demand for calibration services is expanding as a result of accelerated industrialization and the rising demand for testing and measuring instruments. Additionally, the expansion of several third-party calibration service providers for outsourced services is providing industry investors with lucrative expansion potential.
In addition, the demand for temperature calibration using various devices, including thermistors, thermocouples, and platinum resistance thermometers (PRTs), is rising. This is having a favourable impact on the market, along with consumers' increasing attention to preventative maintenance. In addition, several technological developments, including the availability of tissue-imitating 3D phantoms and innovations in 3D printing technology, are driving the market's expansion. In addition, the increasing demand for calibration services in the healthcare sector to ensure patient safety provides a positive outlook for the market.
With consistent improvements in automation, the industrial and automation segments have evolved in terms of cost, usability, applicability, and quality. The industrial and automation sectors use calibration services for various components on the assembly line, including electrical calibration to ensure proper electric supply to computer numerical control (CNC) machines; mechanical calibration to ensure standard vector attributes, including pressure, torque, and flow of machinery; dimensional calibration for physical attributes such as length, level, angle, and so on; and thermodynamic calibration services to measure temperature. As a result, calibration services have many uses in the industrial and automotive sectors.
Germany was the most significant EU Member State in 20 (out of 24) manufacturing subsectors in 2020, followed by Italy in three (the manufacturing of textiles, wearing apparel, and leather and related products), and France in the production of other transport equipment. Automobile, trailer, and semi-trailer manufacturing accounted for 8.8% of Slovakia's non-financial business economy value added, which is a very high specialization rate. Therefore, the expansion of manufacturing industries in the region will present lucrative growth prospects for the market in the coming years.
The Germany market dominated the Europe Calibration Services Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $497.4 million by 2030. The UK market is exhibiting a CAGR of 3.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.5% during (2023 - 2030).
Based on Application, the market is segmented into Industrial & Automation, Electronics, Aerospace & Defense, Communication and Others. Based on Service Category, the market is segmented into Electrical, Mechanical, Dimensional and Thermodynamics. Based on Proofreading, the market is segmented into In-house, Third-party Calibration and Manufacturer's Calibration. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Calibration Services Market is Projected to reach USD 7.9 Billion by 2030, at a CAGR of 5.2%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Keysight Technologies, Inc., Hexagon AB, Rohde & Schwarz GmbH & Co. KG, Fortive Corporation (Tektronix, Inc.), Viavi Solutions, Inc., Advantest Corporation, National Instruments Corporation, Anritsu Corporation, Trescal SA (EQT AB) and Omega Engineering, Inc. (Arcline Investment Management)
By Application
By Service Category
By Proofreading
By Country
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