Field devices calibration services market Size, Share, Growth, and Industry Analysis, By Grade (Temperature and Humidity Calibration Services, Electrical Calibration Services, Pressure Calibration Services, Mechanical Calibration Services and Other), Non-resilient (Ceramic, Stone, Wood, Laminate)), By Application (Process Industries and Industrial), and Regional Forecast to 2028

Updated On: 22 April 2024

field devices calibration services market Report Overview

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The global field devices calibration services market size was USD 83 million in 2021and is expected to reach USD 117.1 million by 2028, at CAGR of 4.5% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the field devices calibration services market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Field devices calibration services refer to the process of verifying the accuracy of field devices. Field devices are instruments that are used to measure physical quantities, such as temperature, pressure, flow rate, and humidity. They are used in a variety of industries, including manufacturing, oil and gas, pharmaceuticals, and healthcare.

The calibration of field devices is important to ensure that they are providing accurate measurements. This is essential for a variety of reasons. Accurate measurements are essential for ensuring the quality of products and services. For example, if a pressure gauge is not accurate, it can lead to defects in the products being manufactured. Accurate measurements can also be used to optimize industrial processes. For example, if a flow meter is not accurate, it can lead to inefficiencies in the production process.

COVID-19 Impact: Pandemic Decreased the Market Demand due to Running of Business at Reduced Capacity

The COVID-19 pandemic had a significant impact on the field devices calibration services market share. The pandemic has led to a decline in industrial production, as businesses have been forced to shut down or operate at reduced capacity. This led to a decrease in the demand for field devices calibration services, as there were fewer devices in operation that needed to be calibrated. The pandemic has also led to a shift to remote work, as many businesses implemented work-from-home policies. This made it more difficult for calibration services providers to access field devices, which has further decreased the demand for their services. The cost of calibration also increased due to the pandemic. This is because calibration services providers had to implement additional safety measures to protect their employees, such as social distancing and mask-wearing. These measures increased the cost of providing calibration services. The pandemic has also caused delays in the supply chain for calibration equipment and supplies. This made it more difficult for calibration services providers to get the materials they need to perform their work, which has further slowed down the calibration process.

Latest Trends

"Increasing Demand For Bioresorbable Bone Scaffolds To Fuel The Growth In The Market"

Bioresorbable bone scaffolds are used to repair damaged bones. They are gradually absorbed by the body, which allows new bone tissue to grow. Bioresorbable bone scaffolds are becoming increasingly popular for repairing damaged bones because they offer a number of advantages over traditional bone grafts.  They are made from materials that are compatible with the human body, so they are not rejected by the immune system. They are gradually absorbed by the body over time, which allows new bone tissue to grow in their place. This eliminates the need for a second surgery to remove the scaffold. They can be customized to fit the specific needs of the patient, such as the size and shape of the bone defect. This ensures that the scaffold provides optimal support for the healing bone. They can be implanted using minimally invasive procedures, which reduces the risk of complications.

field devices calibration services market Segmentation

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• By Grade

According to type, the market can be segmented into Temperature and Humidity Calibration Services, Electrical Calibration Services, Pressure Calibration Services, Mechanical Calibration Services and Other.

• By Application

Based on age, the market can be divided into Process Industries and Industrial.

Driving Factors

"Increasing Demand For Accurate And Reliable Measurements To Foster The Market Growth"

Accurate and reliable measurements are essential for ensuring the quality of products and services. In manufacturing, for example, field devices are used to measure the temperature, pressure, and flow rate of materials. If these measurements are not accurate, it can lead to defects in the products. Accurate and reliable measurements can also be used to optimize industrial processes. For example, field devices can be used to measure the performance of machines and equipment. This information can be used to identify areas where the process can be improved, such as by reducing waste or increasing efficiency. In some industries, such as the pharmaceutical and food and beverage industries, accurate and reliable measurements are essential for complying with safety regulations. For example, field devices are used to measure the temperature and concentration of chemicals. If these measurements are not accurate, it can lead to safety hazards.

"Rising Demand For Automation And Digitization To Result In The Expansion Of The Market"

Automation is the use of machines and software to control and operate industrial processes. This trend is increasing the demand for field devices calibration services because automation systems require high-precision measurements in order to operate safely and efficiently. Digitization is the process of converting analog data into digital form. This trend is also increasing the demand for field devices calibration services because digital data is more sensitive to errors than analog data. Governments in various countries have implemented stringent regulations for the calibration of field devices. These regulations are designed to ensure the safety and reliability of industrial operations. Organizations are increasingly focusing on quality assurance, which is driving the demand for field devices calibration services.

Restraining Factor

"Complexity of calibration procedures to hamper the market growth"

The calibration of some field devices can be complex and require specialized skills and equipment. This can be a barrier for some organizations, especially those that do not have the in-house expertise to perform calibrations. The complexity of the calibration procedure will vary depending on the type of field device. For example, the calibration of a pressure gauge is relatively simple, while the calibration of a complex instrument such as an analytical balance can be much more complex.

field devices calibration services market Regional Insights

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"Asia Pacific to lead the market owing to rapid growth of the manufacturing industry"

The Asia Pacific region has shown the highest field devices calibration services market growth. The manufacturing industry is a major user of field devices, and the increasing demand for manufacturing in the Asia-Pacific region is driving the demand for field devices calibration services. The increasing adoption of automation and digitization in the region is also driving the demand for field devices calibration services.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market"

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Endress+Hauser (Switzerland)
• Siemens (Germany)
• Yokogawa (Japan)
• ABB (Switzerland)
• Exova (U.K.)
• GE (U.S.)
• Honeywell (U.S.)
• Thermo Fisher Scientific (U.S.)
• Rockwell Automation (U.S.)
• Fluke Calibration (U.S.)
• HiTek (U.S.)
• Keysight Technologies (U.S.)
• Transcat (Germany)
• Rohde & Schwarz (Germany)
• Branom Instrument (U.S.)
• Raeco (Germany)
• Pfreundt (Germany)
• Tektronix (U.S.)
• Integrated Service Solutions (U.S.)

Report Coverage

This report examines an understanding of the field devices calibration services market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.