Calibration Services : Increased Stress on Preventive Maintenance of Instruments By Industries

Manufacturing
Calibration Services

The calibration services market has witnessed a steady growth in spite of the economic turmoil across the globe. Businesses are practicing to operate effectively with lowered downtime of equipment. Evidently, this is a helpful approach when businesses want to maximize the overall output by maintaining existing infrastructure in best conditions.

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The focus on preventive maintenance, strict government regulations and increased quality-consciousness among consumers are key drivers propelling the growth of the calibration services market. The calibration services market in the report is categorized by services as electrical, mechanical, thermodynamic, and physical/dimensional. Electrical calibration services accounted for the largest share of 49% of the total calibration services market.

The global calibration service market is expected to grow at a CAGR of 6.99% to reach $5,580.00 Million by 2020

Calibration services are of utmost importance for testing and measuring devices. Such devices need to operate with accuracy and precision. Calibration services are used to record and rectify deviations in the performance of testing and measuring devices from their standard performance.

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The calibration services market is expected to witness moderate growth over the coming years. Driven by a need for precise and accurate information the calibration services industry has been expanding to encompass industries such as aerospace & defense, semiconductors, power generation, petrochemicals, water, electronics manufacturing, communication, and industrial & automotive. 

Key players in this industry include General Electric (U.S.), Siemens AG (Germany), Danaher Corporation (U.S.), Endress+Hauser (Switzerland), Trescal, Inc. (U.S.), Transcat, Inc. (US), and others.