Growing Demand for Industrial Safety Boosts Global Industrial Portable Calibrators Market to Reach US$820 Million by 2026, Says Maximize Market Research
The global industrial portable calibrators market is expected to reach US$820 million by 2026, growing at a CAGR (compound annual growth rate) of 4%, according to a new report by Maximize Market Research. This growth is driven by the increasing focus on safety in industrial environments, particularly within the boiler, petrochemical, gas, and power sectors.
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Market Overview
Industrial portable calibrators are compact, handheld devices used to ensure the accuracy of field instruments by comparing their readings with industry standards. They play a crucial role in maintaining the safety and efficiency of industrial processes.
Market Scope
Maximize Market Research provides a comprehensive analysis of the global industrial portable calibrators market landscape. The report delves into market size estimations, growth forecasts, key trends, and market dynamics across different regions. It also explores the impact of various segments on the overall market.
Market Segmentation: Pressure Calibrators Lead the Way
The industrial portable calibrators market is segmented by type, with pressure calibrators holding the dominant share. This dominance can be attributed to the following factors:
- Boiler Safety: Pressure gauges are essential safety components in boilers. Regular calibration ensures their accuracy, preventing accidents.
- Demand in Petrochemical and Power Industries: The growing need for accurate pressure measurements in pumps, compressors, hydraulics, and pneumatics in these industries fuels the demand for pressure calibrators.
- Digitalization Trend: The growing adoption of digital pressure calibrators further bolsters the market, as they optimize the performance of critical pressure monitoring equipment.
Market Players: A Competitive Landscape
The global industrial portable calibrators market features a mix of established automation giants and niche players. Here are some of the key participants:
- ABB
- General Electric Company
- Fluke Corporation
- Yokogawa Electric Corporation
- Spectris plc
- Additel Corporation
- AMETEK INC
- Beamex Oy Ab
- Leading regional players
MMR Research Methodology Used
Maximize Market Research employs a robust research methodology that combines top-down and bottom-up approaches to estimate the market size. The report leverages secondary research to identify key market participants and integrates primary and secondary research to determine their market shares.
Objective of the Report
The report equips readers with a clear understanding of the global industrial portable calibrators market landscape. It offers valuable insights into market growth drivers, challenges, and opportunities. Additionally, it provides a competitive analysis of key players and their strategies.
COVID-19 Impact
While the COVID-19 pandemic caused temporary disruptions to supply chains, the market is expected to recover and witness steady growth in the coming years, driven by the continuous need for industrial safety and efficient operations.
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