Global Loop Calibrators Market 2018-2022

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Global loop calibrators industry overview

The growing demand for intrinsically safe calibration is one of the key factors driving the loop calibrators market growth. Industries with explosives or hazard-prone working atmospheres are needed to certify their operations as “intrinsically safe.” This tag ensures that devices and equipment must be free from electrical sparks, arc, flames, mechanical friction, electromagnetic radiation, and impact and ionizing radiation. Subsequently, market vendors are offering safe loop calibrators, which adhere to recommended calibration procedures. These loop calibrators can replace the power source and can source a current loop. They can accurately set the current, and ensure the smooth running of other functions. The demand for intrinsically safe calibration from industries like petrochemical, mining, and pharmaceutical is, therefore, driving the loop calibrators market growth.

The increased outsourcing of maintenance services is one of the key market trends that will further impel the loop calibrators market growth. Significant need for maintaining operation process accuracy has propelled the demand for loop calibrators. The market for third party service providers, for maintaining the operation health of numerous industrial equipment, has grown. Due to loop calibrators being portable, these service providers find them easy to use for on-site calibrations, for commissioning new installations or maintaining existing equipment. The loop calibrators market forecast report predicts that fueled by these factors, the market will grow at a CAGR of almost 9% during the forecast period.

Top loop calibrators companies covered in this market research report

The loop calibrators market is moderately fragmented with the market share divided between multiple players. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this loop calibrators industry analysis report is constructed to aid clients to identify and design new growth strategies.

The report offers a complete analysis of various companies including:

• Additel
• AMETEK
• Fortive (Fluke)
• GENERAL ELECTRIC
• Meriam
• Spectris

Loop calibrators market segmentation based on geographic regions

• Americas
• APAC
• EMEA

The APAC region will lead the loop calibrators market share during the forecast period. In terms of CAGR, the Americas will account for the highest loop calibrators market growth throughout the forecast period.

Loop calibrators market segmentation based on end users

• Third-party service providers
• In-house maintenance teams
• OEMs

The third-party service providers will account for the largest loop calibrators market share during the forecast period. This end user segment will also account for the highest loop calibrators market growth. Additionally, the report will also provide an accurate prediction of the contribution of the various end-user segments to the growth of the loop calibrators market size.

Key highlights of the global loop calibrators market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the loop calibrators market during the next five years
• Precise estimation of the global loop calibrators market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the loop calibrators industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of the loop calibrators companies

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