Latest News- Field Devices Calibration Services Market: Temperature and humidity calibration is expected to lead the Type segment during 2024-2028

The Field Devices Calibration Services Market is being driven by Growing demand for calibration services to maximize production yield

The Field Devices Calibration Services Market is expected to grow at a CAGR of 4.77% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 689.4 million. In the process industries, ensuring operational accuracy is of paramount importance, resulting in a significant demand for calibration services. Traditional instrument shops, which offered calibration and repair of instruments using tools such as black body devices, dead weight testers, and handheld instruments, are becoming obsolete. Today, service providers offer advanced calibration and repair solutions, enabling end-users to track their instruments and receive notifications when calibration is required. Calibration tools are conveniently accessible online, enhancing efficiency and reducing downtime. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Temperature and humidity calibration
  • Electrical calibration
  • Pressure calibration
  • Mechanical calibration
• End-user
  • Process industries
  • Discrete industries
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for calibration services to maximize production yield
• Growing need for elimination of errors in industrial operations
• Ensuring adherence to process safety guidelines

However, the market also witnesses some limitations, which are as follows:

• Loss of industrial productivity during device calibration
• Decrease in calibration requirement with deployment of smart instruments
• Technological complexity associated with calibration

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Market Scope in Field Devices Calibration Services Market Research Report

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Research Analysis Overview

The Field Devices Calibration Services Market encompasses precision instruments, addressing measurement uncertainty through calibration standards, data logging systems, and asset tracking. Calibration management ensures adherence to calibration cycles, minimizing system downtime with various calibration methods and error minimization. Validation protocols, compliance audits, and calibration frequency maintain instrument accuracy. Calibration techniques, quality assurance tools, and calibration workflow prioritize data integrity. Field device repair and equipment lifespan optimization are integral, while calibration cost and schedule efficiency are crucial considerations.

Market Research Overview

The Field Devices Calibration Services Market is a significant segment of the larger Industrial Machinery and Supplies and Components Market. This market encompasses businesses specializing in calibration services for industrial instruments, ensuring high calibration accuracy, instrument verification, and adherence to traceability standards. Metrology techniques and sensor performance are crucial factors in delivering precise calibration results. The Industrial Machinery and Supplies and Components Market, which includes manufacturers of machinery and components for industries such as presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications, is projected to expand due to increasing industrial output in process and discrete industries. The global demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages is driving this growth in developing countries. Accurate calibration services are essential for maintaining the optimal performance of these industrial machines and components, thereby fueling the demand for Field Devices Calibration Services Market solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/