According to a new report, published by KBV research, The Global Calibration Services Market size is expected to reach $7.9 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period.
The Industrial & Automation segment is showcasing a CAGR of 3.9% during the forecast period. The calibration services involved in this segment refer to using calibration services for equipment and instruments used in various industrial sectors, particularly automated systems and processes. This includes industries such as manufacturing, automotive, aerospace, pharmaceuticals, and others where precise measurements and accurate performance are essential for optimizing production processes, assuring product quality, and maintaining compliance with industry standards.
The Electrical segment is leading the Global Calibration Services Market by Service Category in 2022; thereby, achieving a market value of $2.9 billion by 2030. Electrical calibration services include calibrating instruments and equipment with voltage, current, resistance, capacitance, and frequency parameters. These services are essential for electrical equipment manufacture, power generation, telecommunications, and electronics.
The In-house segment is registering a CAGR of 5.4% during (2023 - 2030). In-house refers to a procedure in which a company determines to calibrate its equipment and instruments. The company may have engineers with calibration training who can calibrate the required instruments appropriately. The in-house service is utilized to preserve the precision of instruments or equipment and the accuracy of consistent measurements in testing applications.
The Asia Pacific market dominated the Global Calibration Services Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.9 billion by 2030. The Europe market is anticipated to grow at a CAGR of 4.7% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 4.5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/calibration-services-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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)
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