The Europe Metrology Services Market would witness market growth of 5.7% CAGR during the forecast period (2022-2028).
On the basis of measurement findings, customers, traders, government regulators, and businesses make decisions every day. These metrics have an impact on both economic and individual well-being. A well-functioning society is transparent for customers, businesses, and regulators and has integrity in all measurements.
One of the responsibilities of the government is to set up a reliable national system of measurement so that consumers and traders may make informed choices regarding goods and services that depend on an accurate measurement. Scientific metrology is focused on establishing units of measurement, creating novel measurement techniques, implementing measurement standards, and transferring traceability from all these standards to consumers.
This kind of metrology, which aims for the highest level of accuracy, is regarded as the highest level of metrology. The metrological measuring and calibration capabilities of institutions from all around the world are kept in a database by BIPM. The main points of reference for metrological traceability are provided by these institutes, whose operations are subject to peer review.
European metrology organizations, companies, and academic institutions can collaborate on cooperative research projects in a variety of fields, including industry, the environment, energy, health, new technologies, and SI units, owing to the Euramet European Metrology Research Program (EMRP). Between 2009 and 2013, 119 projects had been able to get funding as a result of EMRP's annual research solicitations.
The Germany market dominated the Europe Metrology Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $70.3 million by 2028. The UK market is anticipated to grow at a CAGR of 4.8% during (2022 - 2028). Additionally, The France market would experience a CAGR of 6.5% during (2022 - 2028).
Based on Application, the market is segmented into Industrial, Automotive, Aerospace, Power Generation and Others. Based on Product, the market is segmented into ODS and CMM. Based on ODS Type, the market is segmented into 3D Laser Scanners, Laser Trackers and White Light Scanners. Based on CMM Type, the market is segmented into Gantry Machines, Bridge Machines, Horizontal Arm Machines and Articulated Arm Machines. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Metrology Services Market will Hit $1 Billion by 2028, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Atos Group, Automation Anywhere, Inc., Blue Prism Group PLC (SS&C Technologies Holdings, Inc.), Cognizant Technology Solutions Corporation, Genpact Limited, Infosys Limited, IPsoft, Inc., Kofax, Inc. (Thoma Bravo LLC), Be Informed BV, and Cicero, Inc.(Alvaria, Inc.)
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