Enjoy complimentary customisation on priority with our Enterprise License!
The field devices calibration services market size is valued to increase by USD 689.4 million, at a CAGR of 4.77% from 2023 to 2028. Growing demand for calibration services to maximize production yield will drive the field devices calibration services market.
Get Key Insights on Market Forecast (PDF) Request Free Sample
In the realm of industrial process control, calibration services play a pivotal role in maintaining the accuracy and reliability of field devices. According to industry data, preventive calibration of instruments can reduce downtime by up to 30% compared to reactive maintenance. Adherence to calibration best practices, such as regular testing and calibration certificates, ensures measurement traceability and alignment with regulatory requirements. Remote calibration, facilitated by calibration software, allows for efficient error mitigation and minimizes the need for on-site calibration, thereby reducing costs and increasing operational efficiency. Uncertainty analysis and traceability standards are essential components of calibration workflows, ensuring systematic and random errors are identified and addressed. Calibration intervals, accuracy verification, and calibration reports enable process validation and quality control checks, while specialized tooling and calibration management systems streamline the calibration process and minimize the risk of non-compliance during regulatory audits. Instrument calibration, sensor validation, and diagnostic testing are integral to maintaining precision instruments and data acquisition systems, ultimately contributing to improved ROI and enhanced overall system performance.
The increasing requirement for calibration services to optimize production yields serves as the primary market driver.
Shifting from periodic to predictive calibration is becoming a mandated market trend. This transition signifies a significant advancement in calibration practices.
The loss of industrial productivity due to device calibration is a significant challenge that impedes industry growth. This issue arises from the time-consuming and intricate process of calibrating devices, which diverts resources and attention away from core business operations. Consequently, finding effective solutions to streamline calibration processes and minimize productivity losses is essential for industrial growth and competitiveness.
The field devices calibration services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The temperature and humidity calibration segment is estimated to witness significant growth during the forecast period.
In the realm of industrial measurement, the market continues to evolve, addressing the critical need for precise and accurate calibration of temperature and humidity instruments. companies provide specialized services for handheld thermometers, thermocouples, RTDs, and temperature transmitters, ensuring measurement traceability and regulatory compliance. Calibration intervals adhere to industry best practices, with preventive maintenance and error mitigation strategies employed. Calibration workflows incorporate metrology techniques, such as diagnostic testing and data acquisition systems, to verify instrument accuracy and identify systematic and random errors.
Calibration reports document the process, providing traceability standards and calibration certificates. Remote calibration and calibration software enable on-site calibration, minimizing downtime. Calibration management systems facilitate data logging and precision instrument maintenance, contributing to process validation and quality control checks. The calibration market's significance is underscored by the fact that temperature calibration ranges from -195 degrees C to 1000 degrees C, while humidity calibration covers 10%-98% humidity content.
The Temperature and humidity calibration segment was valued at USD 932.70 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 38% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
See How Field Devices Calibration Services Market Demand is Rising in North America Request Free Sample
In North America, the market is witnessing significant growth due to the increasing industrialization and economic development. Enterprises in this region are prioritizing scheduled instrumentation services to maintain the accuracy and safety of their operations, with a focus on calibration services. The US, as a leading country in oil and gas exploration and production (E and P), is driving market expansion. New E and P projects in the US and Canada are increasing the production of shale oil and gas, necessitating stringent adherence to regulatory compliance. To ensure operational efficiency and minimize risks associated with improper calibration, industries are investing in advanced calibration technologies and services.
According to industry reports, the North American market for field devices calibration services is expected to grow at a robust pace, with key applications including oil and gas, pharmaceuticals, and food and beverage industries. The market's growth is attributed to the need for regulatory compliance, increased focus on operational efficiency, and the integration of smart technologies for predictive maintenance.
Customer Landscape of Field Devices Calibration Services Industry
Companies are implementing various strategies, such as strategic alliances, field devices calibration services market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABB Ltd. - The company specializes in calibration services for field devices, employing techniques such as gravimetric, volumetric, and comparison methods for accurate flow measurement. These services ensure optimal performance and compliance with industry standards.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Field Devices Calibration Services Market insights. See full methodology.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
183 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.77% |
|
Market growth 2024-2028 |
USD 689.4 million |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
4.47 |
|
Key countries |
US, Germany, China, France, and UK |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market is a critical component of industrial operations, ensuring the accuracy and reliability of crucial measurement instruments. Utilizing advanced calibration software for field devices is essential to reducing uncertainty and maintaining optimal performance. On-site calibration of industrial field devices is preferred for minimizing downtime and ensuring compliance with regulatory requirements. Calibration's impact on field device reliability is significant, with effective calibration management systems improving accuracy and preventing potential safety hazards. Implementing precision instrument calibration procedures results in cost savings through optimized calibration cycles, which can reduce the overall maintenance budget by up to 15% compared to reactive calibration methods. Adhering to field device calibration best practices and standards, such as ISO 17025 and NIST-traceable calibration, is vital for maintaining quality control and assurance in calibration services. Remote calibration for improved uptime and managing calibration data and documentation effectively are key trends in the market. Field device calibration technician training and preventative maintenance integration are crucial for ensuring a skilled workforce and minimizing unscheduled downtime. Advanced calibration techniques, such as predictive analytics for cycle optimization, further enhance operational efficiency and risk reduction. Compliance with regulatory requirements for field devices is a significant driver for the market's growth, with industries like pharmaceuticals, oil & gas, and power generation requiring stringent adherence to regulations. Specialized tooling for precise field device calibration ensures accurate results and minimizes the risk of calibration errors. In conclusion, the market offers substantial benefits for businesses, including improved accuracy, cost savings, regulatory compliance, and operational efficiency. Investing in effective calibration management systems and utilizing advanced calibration techniques can lead to significant improvements in supply chain efficiency and overall process performance.
What is the expected growth of the Field Devices Calibration Services Market between 2024 and 2028?
USD 689.4 million, at a CAGR of 4.77%
What segmentation does the market report cover?
The report is segmented by Type (Temperature and humidity calibration, Electrical calibration, Pressure calibration, and Mechanical calibration), End-user (Process industries and Discrete industries), Geography (North America, Europe, APAC, South America, and Middle East and Africa), End-User (Healthcare, Automotive, Aerospace and Defense, Oil and Gas, Pharmaceuticals and Biotechnology, Semiconductors, and Others), and Calibration Method (Manual and Automated)
Which regions are analyzed in the report?
North America, Europe, APAC, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Growing demand for calibration services to maximize production yield, Loss of industrial productivity during device calibration
Who are the major players in the Field Devices Calibration Services Market?
ABB Ltd., Applied Industrial Technologies Inc., Branom Instrument Co., Danaher Corp., Element Materials Technology Group Ltd., Ellab AS, Endress Hauser Group Services AG, ENVEA, Fortive Corp., General Electric Co., Honeywell International Inc., Keysight Technologies Inc., PFREUNDT GmbH, Rockwell Automation Inc., Rohde and Schwarz GmbH and Co. KG, Siemens AG, Thermo Fisher Scientific Inc., Transcat Inc., Trescal International SAS, and Yokogawa Electric Corp.
We can help! Our analysts can customize this field devices calibration services market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Market Segmentation by End-User
9 Market Segmentation by Calibration Method
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.