Electrical Calibration Equipment Market
Electrical Calibration Equipment Market By Device Type (Ammeters, Capacitance Meters, Multimeters, Insulation Testers,Clamp Meters, Loop & Earth Testers, Oscilloscopes), By Principal Parameter, By Precision Device, By Portability, By End-use, By Region - Global Insights 2022 to 2033
Analysis of Electrical Calibration Equipment Market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Increased Adoption of Electrical Components in Various Verticals to Surge Demand for Calibration Equipment
The global electric calibration equipment market is set to be valued at US$ 2.4 billion in 2023 and further expand at a CAGR of 5.6% to reach US$ 4.2 billion by 2033-end. Revenue from electric calibration equipment accounted for nearly 23% share of the global calibration equipment market in 2022.
Fact.MR, a market research and competitive intelligence provider, foresees thriving growth in the demand for electrical calibration equipment over the coming years. In everyday use, the equipment for measuring power, intensity, voltage, and resistance makes it possible to confirm the proper functioning of machines and installations, and electrical calibration boosts confidence in its measurement accuracy and performance. Electrical calibration is foundational to the safety, quality, and innovation of most products & services and determines the traceability of measurement.
Electrical calibration reduces future maintenance, thus saving a substantial amount of money, and additionally increases the profitability of process operations. In recent years, the market for calibration equipment has experienced a complete transformation due to an increase in manufacturing and services. New and advanced calibrating processes are replacing outdated and traditional ones, allowing for efficient and sustainable manufacturing.
Demand for volt sticks and detectors is projected to increase as the need for safe and non-contact voltage testers rises. It is expected that electrical calibration devices will be used in IT & telecommunications on a substantial scale. Also, demand from laboratories and institutes is likely to witness significant growth and drive the growth of the market in the years ahead.
Owners of services tend to favor the most recent technology, taking into account the need for efficient, precise, and accurate manufacturing methods. With its many advanced features and specifications, modern electrical meter calibration equipment is equipped to offer the desired output.
The diversity of applications in various end-use sectors such as aerospace & defense, automotive, electrical & electronics, industrial manufacturing, IT & telecommunication, laboratories & institutes, oil & gas and petrochemicals, pharmaceuticals, power & energy, and other industries is set to drive the sales of electrical calibration equipment over the coming years.
| Report Attributes | Details |
|---|---|
| Electrical Calibration Equipment Market Size (2022A) | US$ 2.3 Billion |
| Estimated Market Value (2023E) | US$ 2.4 Billion |
| Forecasted Market Value (2033F) | US$ 4.2 Billion |
| Global Market Growth Rate (2023 to 2033) | 5.6% CAGR |
| North America Market Share (2023) | ~ 27.9% |
| North America Market Value (US$ Mn), 2023 | US$ 679.3 Million |
| Europe Market Share (%), 2023 | ~25.5% |
| Europe Market Value (US$ Mn), 2023 | US$ 621.6 Million |
| China Market Share (%), 2023 | ~11.6% |
| China Market Value (US$ Mn), 2023 | US$ 283.4 Million |
| Top 3 Countries’ Market Share (%) | ~42.1% |
| Key Companies Profiled | Additel Corporation; AEMC; Extech Instruments; Fluke Corporation; Keysight Technologies Inc; Mastech; Meatest; Megger; TEKTRONIX, INC.; Time Electronics Ltd; Transmille Ltd; WIKA Instruments India Pvt. Ltd. |
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Sales of Electrical Calibration Equipment Market (2018 to 2022) Vs. Industry Forecast Outlook (2023 to 2033)
According to this new Fact.MR study, the utilization of electrical calibration equipment witnessed a growth rate of 0.9% over the past half-decade. This was due to increasing demand from end-use industries, wherein, benched devices by portability type accounted for the highest market share of electrical calibration equipment - approximately 80.1% in 2022.
Accelerating demand for electrical calibration equipment in numerous new setups in the pharmaceutical industry for the development of vaccines and medicines, in aerospace and defense for measuring the fuel consumption of rotary and fixed-wing aircraft, missiles, and torpedoes, in power generation for boilers, in metal and mining, and the paper and pulp sector is expected to drive market development over the decade.
Surging utilization of electrical calibration equipment in the above-mentioned sectors is anticipated to create an absolute $ opportunity of US$ 1.07 billion by 2033.
Furthermore, surging use of electrical calibration equipment in the power and energy sector in the field of clean energy and smart grids is likely to support the market expansion over the period of 2023 to 2033.
What’s Driving Demand for Electrical Calibration Equipment?
“Enhanced Focus on Accurate Measurements & MRO Driving Demand in Aerospace and Defense Sectors”
Extensive, accurate, and timely electronic calibration is a critical task for the aerospace and defense industry. The voltage and current meter should be calibrated and constantly visible to the pilot to avoid any difficulty, which can directly result in the loss of life.
Batteries and generators often play a crucial role in aircraft and are a primary source of electrical power. In complex avionic systems, malfunction of electronic devices can pose serious problems. Accurate measurement is therefore in high demand in the aviation industry.
Maintenance, repair, and overhaul (MRO) in the aviation industry involve the restoration, service, and examination of aircraft and components perform testing activities to ensure the safety and reliability of aircraft as per international aviation standards. Electrical power relays fitted on a variety of aircraft that contain high amperage accessories such as a battery, starter, lights, and electrical actuators require maintenance and inspection, which is expected to propel the demand for electrical calibration equipment for MRO services in aviation technology.
“Growing Demand for Maintenance & Repair of Systems”
Manual electrical calibration equipment that occasionally performs inaccurate calibration can result in a variety of issues, including operation malfunction or additional maintenance and repair costs. Even the smallest calibration error can cost customers millions of dollars every year in critical applications, such as in the aerospace and defense, crude oil, or natural gas industries.
Industries are requesting process automation in calibration technology to combat this. This is one of the significant technological advancements that is revolutionizing end-user industries' processes and methods of service delivery.
In addition to offering equipment calibration and removing assembly errors, calibration service providers also meet customers' expectations for reduced future maintenance and repair costs, improved service quality, and quick turnaround times, thus leading to an increase in profitability.
Additionally, reducing device failures and product recalls leads to positive outcomes, helping maintain customer loyalty and increase sales. This factor is boosting the demand for electrical calibration equipment.
“Increasing Investments in Clean Energy”
- As per the International Energy Agency (IEA), global renewable energy investment is set to reach a total of US$ 1.4 trillion in 2022.
The rising renewable energy sector also generates higher demand for electrical calibration equipment for battery, transformer, power quality, and insulating testing applications.
There will be a significant demand for testing equipment to measure DC as most renewable energy generates DC other than conventional AC. For the smooth operation of renewable power generation units, various standards are to be followed that define the control of active and reactive power, behavior of grid disturbances, and limits of power quality based on country.
Testing as per regulations requires different test procedures and the usage of test equipment such as power analyzers, data loggers, and multimeters, among others. This will lead to the rising demand for electrical calibration equipment in the renewable sector for dynamic monitoring to scale distribution, optimize grid assets, and analyze grid performance.
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What Concerns Do Electrical Calibration Equipment Manufacturers Have?
“Scarcity of Raw Materials for Production and High Calibration Costs”
One of the major restraints for the electric meter calibration market is the unavailability of key raw materials for production, resulting in price complexity. Electric meter calibration equipment costs more since it is produced using costly materials that have a higher lifespan and are more durable, tolerant to environmental effects, and more limited in availability, such as nickel carbide, ceramics, aluminium, brass, and PVDF.
Also, getting certifications from various national institutions can be costly, which is why electrical calibration equipment tends to cost more. Along with that, highly expert and skilled professionals are required to operate calibration-testing equipment and perform tests following the regulations, directives, and standards applicable to the devices being calibrated. Ultimately, it comes down to what customers value and hold most important, and their budget. This is where research can be important in overcoming this restraint.
Country Wise Analysis
How is Industrial Advancement in the U.S. Driving Sales of Electrical Calibration Equipment?
The United States of America has gathered the significant attention of manufacturers because of the large-scale industrialization and urbanization in the country. Leading companies such as Keysight Technologies, Fluke Corporation, and Tektronix headquartered in the U.S. are carrying out huge expansion plans by opening facilities and launching new products. Companies are also going for vertical and horizontal expansion.
Due to these factors, the U.S. represented over 90% of the North American market share in 2022. The United States is expected to reach a market valuation of US$ 610.9 million in 2023. This has proved to be an opportunity for electrical calibration equipment manufacturers to enter local markets with advanced products.
What Makes China a Huge Market for Electrical Calibration Equipment Suppliers?
Huge investments are being made in the development of electrical calibration equipment in the dynamic electrical and electronics industry in China. This equipment comes with advanced technology, which lessens calibration errors and increases the overall efficiency of the devices being calibrated.
The electric calibration equipment market in China is predicted to grow at a CAGR of around 6.6% because of these factors. Growing number of manufacturers that are attaining control over the market and providing devices at less prices would aid regional market growth. China is expected to reach a market valuation of US$ 545.48 million by the end of the forecast period.
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Category wise Insight
Why is the Electrical & Electronics Sector in the Eye of Manufacturers?
Rapid growth in technological innovations is simulating consistent demand for the latest electronics products. The global consumer electronics market brought in US$ 716.3 billion in revenue in 2022. Technological advancements are aiding both consumers and businesses in replacing and upgrading old devices with updated versions.
The use of semiconductor devices is growing rapidly across the world, with escalated demand for consumer electronic products such as TVs, washing machines, refrigerators, and mobile phones, among others. Demand for electronic goods is also projected to increase due to innovations by businesses supported by the rapid advancement of technology.
The testing and measurement of this equipment authenticate the performance of the devices and improve their efficiency. This rise in demand for electronic products will lead to the growth of the electrical calibration equipment market. The electrical & electronics end-use vertical accounted for a valuation of around US$ 1 billion in 2022 and is expected to reach US$ 1.8 billion by the end of 2033.
Why are Multimeters Likely to Witness Accelerated Demand Growth?
Revenue generated from multimeter electrical calibration equipment is expected to increase at 7.3% CAGR during the forecast period. Multimeters are necessary for any kind of electrical work and are indispensable equipment for the testing, troubleshooting, and diagnosing of electric circuits, devices, and components.
They measure the three fundamental components of electrical energy - amps, volts, and ohms. Nowadays, digital multimeters are used by technicians in several industries to measure with greater accuracy, reliability, and improved impedance.
Multimeters can be used to test the continuity between points in an electric circuit and can be used for testing batteries, household wiring, electric motors, power supplies, etc. Multimeters combine the testing abilities of ammeters, voltmeters, and ohmmeters with several additional specialized features and advanced options, thereby omitting the need to buy several calibration equipments.
In 2023, the multimeters segment is predicted to hold the highest market share of 16.8% by device type and reach a market value of US$ 408.6 million.
Competitive Landscape
Fact.MR has profiled the following key electrical calibration equipment manufacturers - Additel Corporation, AEMC, Extech Instruments, Fluke Corporation, Keysight Technologies Inc, Mastech, Meatest, Megger, TEKTRONIX, INC., Time Electronics Ltd, Transmille Ltd, and WIKA Instruments India Pvt. Ltd. These manufacturers are innovating technologically advanced products to counter the latest challenges related to component placement in the calibration space.
Prominent players are following a competitive market pricing strategy in the electric calibration equipment market. Companies are developing constructive partnerships and associations with several end-use industries for systematic recalibration. Due to the increasing demand for recalibration, manufacturers can leverage maintenance while observing stability in demand.
- In April 2021, Fluke Corporation launched its latest clamp meters 377 FC and 378 FC; these are claimed to be the first clamp meters that measure voltage by non-contact accurately and safely in the absence of test leads. The equipment uses field sense technology making the test safer and faster without touching a live conductor.
- In December 2021, Megger announced its acquisition of Metrycom, a leading provider of analytics and grid network sensors to the electric supply industry. With this, the company is focusing on its expanding online monitoring solutions and improving its predictive maintenance solutions with the improved detection and location of unplanned outages.
Segments of Electrical Calibration Equipment Industry Research
-
By Device Type :
- Ammeters
- Multifunction Testers
- Capacitance Meters
- Multimeters
- Insulation Testers
- Oscilloscopes
- Signal Generators
- Power Analyzers
- Chart Recorders & Data Loggers
- Clamp Meters
- Loop & Earth Testers
- Socket Testers
- Milliohm & Microhm Meters
- Volt Sticks & Detectors
- Others
-
By Principal Parameter :
- Voltage
- Current
- Resistance
- Inductance
- Capacitance
- Time
- Frequency
- Others
-
By Precision Device :
- Precision Source
- Precision Measurement
-
By Portability :
- Benched
- Portable / Handheld
-
By End-use Vertical :
- Aerospace & Defense
- Automotive
- Electrical & Electronics
- Industrial Manufacturing
- IT & Telecommunication
- Laboratories & Institutes
- Oil & Gas And Petrochemicals
- Pharmaceuticals
- Power & Energy
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Units) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Device Type
- 7.1. Ammeters
- 7.2. Multifunction Testers
- 7.3. Capacitance Meters
- 7.4. Multimeters
- 7.5. Insulation Testers
- 7.6. Oscilloscopes
- 7.7. Signal Generators
- 7.8. Power Analyzers
- 7.9. Chart Recorders & Data Loggers
- 7.10. Clamp Meters
- 7.11. Loop & Earth Testers
- 7.12. Socket Testers
- 7.13. Milliohm & Microhm Meters
- 7.14. Volt Sticks & Detectors
- 7.15. Others
- 8. Global Market Analysis and Forecast, By Principal Parameter
- 8.1. Voltage
- 8.2. Current
- 8.3. Resistance
- 8.4. Inductance
- 8.5. Capacitance
- 8.6. Time
- 8.7. Frequency
- 8.8. Others
- 9. Global Market Analysis and Forecast, By Precision Device
- 9.1. Precision Source
- 9.2. Precision Measurement
- 10. Global Market Analysis and Forecast, By Portability
- 10.1. Benched
- 10.2. Portable / Handheld
- 11. Global Market Analysis and Forecast, By End Use Vertical
- 11.1. Aerospace & Defense
- 11.2. Automotive
- 11.3. Electrical & Electronics
- 11.4. Industrial Manufacturing
- 11.5. IT & Telecommunication
- 11.6. Laboratories & Institutes
- 11.7. Oil & Gas And Petrochemical
- 11.8. Pharmaceuticals
- 11.9. Power & Energy
- 11.10. Others
- 12. Global Market Analysis and Forecast, By Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. East Asia
- 12.5. South Asia & Oceania
- 12.6. Middle East & Africa
- 13. North America Market Analysis and Forecast
- 14. Latin America Market Analysis and Forecast
- 15. Europe Market Analysis and Forecast
- 16. East Asia Market Analysis and Forecast
- 17. South Asia & Oceania Market Analysis and Forecast
- 18. Middle East & Africa Market Analysis and Forecast
- 19. Country-level Market Analysis and Forecast
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Additel Corporation
- 21.2. AEMC Instruments
- 21.3. Extech Instruments
- 21.4. Fluke Corporation
- 21.5. Keysight Technologies Inc
- 21.6. Mastech
- 21.7. MEATEST spol. s r.o.
- 21.8. Megger
- 21.9. Tektronix Inc.
- 21.10. Time Electronics Ltd.
- 21.11. Transmille Ltd.
- 21.12. WIKA Alexander Wiegand SE & Co. KG
- 22. Assumptions & Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) and Forecast by Region, 2018 to 2022
Table 02. Global Market Value (US$ million) and Forecast by Region, 2023 to 2033
Table 03. Global Market Volume (Units) and Forecast by Region, 2018 to 2022
Table 04. Global Market Volume (Units) and Forecast by Region, 2023 to 2033
Table 05. Global Market Value (US$ million) and Forecast By Device Type, 2018 to 2022
Table 06. Global Market Value (US$ million) and Forecast By Device Type, 2023 to 2033
Table 07. Global Market Volume (Units) and Forecast By Device Type, 2018 to 2022
Table 08. Global Market Volume (Units) and Forecast By Device Type, 2023 to 2033
Table 09. Global Market Value (US$ million) and Forecast By Principal Parameter, 2018 to 2022
Table 10. Global Market Value (US$ million) and Forecast By Principal Parameter, 2023 to 2033
Table 11. Global Market Volume (Units) and Forecast By Principal Parameter, 2018 to 2022
Table 12. Global Market Volume (Units) and Forecast By Principal Parameter, 2023 to 2033
Table 13. Global Market Value (US$ million) and Forecast By Precision Device, 2018 to 2022
Table 14. Global Market Value (US$ million) and Forecast By Precision Device, 2023 to 2033
Table 15. Global Market Volume (Units) and Forecast By Precision Device, 2018 to 2022
Table 16. Global Market Volume (Units) and Forecast By Precision Device, 2023 to 2033
Table 17. Global Market Value (US$ million) and Forecast By Portability, 2018 to 2022
Table 18. Global Market Value (US$ million) and Forecast By Portability, 2023 to 2033
Table 19. Global Market Volume (Units) and Forecast By Portability, 2018 to 2022
Table 20. Global Market Volume (Units) and Forecast By Portability, 2023 to 2033
Table 21. Global Market Value (US$ million) and Forecast By End Use Vertical, 2018 to 2022
Table 22. Global Market Value (US$ million) and Forecast By End Use Vertical, 2023 to 2033
Table 23. Global Market Volume (Units) and Forecast By End Use Vertical, 2018 to 2022
Table 24. Global Market Volume (Units) and Forecast By End Use Vertical, 2023 to 2033
Table 25. North America Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 26. North America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 27. North America Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 28. North America Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 29. North America Market Value (US$ million) and Forecast By Device Type, 2018 to 2022
Table 30. North America Market Value (US$ million) and Forecast By Device Type, 2023 to 2033
Table 31. North America Market Volume (Units) and Forecast By Device Type, 2018 to 2022
Table 32. North America Market Volume (Units) and Forecast By Device Type, 2023 to 2033
Table 33. North America Market Value (US$ million) and Forecast By Principal Parameter, 2018 to 2022
Table 34. North America Market Value (US$ million) and Forecast By Principal Parameter, 2023 to 2033
Table 35. North America Market Volume (Units) and Forecast By Principal Parameter, 2018 to 2022
Table 36. North America Market Volume (Units) and Forecast By Principal Parameter, 2023 to 2033
Table 37. North America Market Value (US$ million) and Forecast By Precision Device, 2018 to 2022
Table 38. North America Market Value (US$ million) and Forecast By Precision Device, 2023 to 2033
Table 39. North America Market Volume (Units) and Forecast By Precision Device, 2018 to 2022
Table 40. North America Market Volume (Units) and Forecast By Precision Device, 2023 to 2033
Table 41. North America Market Value (US$ million) and Forecast By Portability, 2018 to 2022
Table 42. North America Market Value (US$ million) and Forecast By Portability, 2023 to 2033
Table 43. North America Market Volume (Units) and Forecast By Portability, 2018 to 2022
Table 44. North America Market Volume (Units) and Forecast By Portability, 2023 to 2033
Table 45. North America Market Value (US$ million) and Forecast By End Use Vertical, 2018 to 2022
Table 46. North America Market Value (US$ million) and Forecast By End Use Vertical, 2023 to 2033
Table 47. North America Market Volume (Units) and Forecast By End Use Vertical, 2018 to 2022
Table 48. North America Market Volume (Units) and Forecast By End Use Vertical, 2023 to 2033
Table 49. Latin America Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 50. Latin America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 51. Latin America Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 52. Latin America Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 53. Latin America Market Value (US$ million) and Forecast By Device Type, 2018 to 2022
Table 54. Latin America Market Value (US$ million) and Forecast By Device Type, 2023 to 2033
Table 55. Latin America Market Volume (Units) and Forecast By Device Type, 2018 to 2022
Table 56. Latin America Market Volume (Units) and Forecast By Device Type, 2023 to 2033
Table 57. Latin America Market Value (US$ million) and Forecast By Principal Parameter, 2018 to 2022
Table 58. Latin America Market Value (US$ million) and Forecast By Principal Parameter, 2023 to 2033
Table 59. Latin America Market Volume (Units) and Forecast By Principal Parameter, 2018 to 2022
Table 60. Latin America Market Volume (Units) and Forecast By Principal Parameter, 2023 to 2033
Table 61. Latin America Market Value (US$ million) and Forecast By Precision Device, 2018 to 2022
Table 62. Latin America Market Value (US$ million) and Forecast By Precision Device, 2023 to 2033
Table 63. Latin America Market Volume (Units) and Forecast By Precision Device, 2018 to 2022
Table 64. Latin America Market Volume (Units) and Forecast By Precision Device, 2023 to 2033
Table 65. Latin America Market Value (US$ million) and Forecast By Portability, 2018 to 2022
Table 66. Latin America Market Value (US$ million) and Forecast By Portability, 2023 to 2033
Table 67. Latin America Market Volume (Units) and Forecast By Portability, 2018 to 2022
Table 68. Latin America Market Volume (Units) and Forecast By Portability, 2023 to 2033
Table 69. Latin America Market Value (US$ million) and Forecast By End Use Vertical, 2018 to 2022
Table 70. Latin America Market Value (US$ million) and Forecast By End Use Vertical, 2023 to 2033
Table 71. Latin America Market Volume (Units) and Forecast By End Use Vertical, 2018 to 2022
Table 72. Latin America Market Volume (Units) and Forecast By End Use Vertical, 2023 to 2033
Table 73. Europe Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 74. Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 75. Europe Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 76. Europe Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 77. Europe Market Value (US$ million) and Forecast By Device Type, 2018 to 2022
Table 78. Europe Market Value (US$ million) and Forecast By Device Type, 2023 to 2033
Table 79. Europe Market Volume (Units) and Forecast By Device Type, 2018 to 2022
Table 80. Europe Market Volume (Units) and Forecast By Device Type, 2023 to 2033
Table 81. Europe Market Value (US$ million) and Forecast By Principal Parameter, 2018 to 2022
Table 82. Europe Market Value (US$ million) and Forecast By Principal Parameter, 2023 to 2033
Table 83. Europe Market Volume (Units) and Forecast By Principal Parameter, 2018 to 2022
Table 84. Europe Market Volume (Units) and Forecast By Principal Parameter, 2023 to 2033
Table 85. Europe Market Value (US$ million) and Forecast By Precision Device, 2018 to 2022
Table 86. Europe Market Value (US$ million) and Forecast By Precision Device, 2023 to 2033
Table 87. Europe Market Volume (Units) and Forecast By Precision Device, 2018 to 2022
Table 88. Europe Market Volume (Units) and Forecast By Precision Device, 2023 to 2033
Table 89. Europe Market Value (US$ million) and Forecast By Portability, 2018 to 2022
Table 90. Europe Market Value (US$ million) and Forecast By Portability, 2023 to 2033
Table 91. Europe Market Volume (Units) and Forecast By Portability, 2018 to 2022
Table 92. Europe Market Volume (Units) and Forecast By Portability, 2023 to 2033
Table 93. Europe Market Value (US$ million) and Forecast By End Use Vertical, 2018 to 2022
Table 94. Europe Market Value (US$ million) and Forecast By End Use Vertical, 2023 to 2033
Table 95. Europe Market Volume (Units) and Forecast By End Use Vertical, 2018 to 2022
Table 96. Europe Market Volume (Units) and Forecast By End Use Vertical, 2023 to 2033
Table 97. East Asia Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 98. East Asia Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 99. East Asia Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 100. East Asia Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 101. East Asia Market Value (US$ million) and Forecast By Device Type, 2018 to 2022
Table 102. East Asia Market Value (US$ million) and Forecast By Device Type, 2023 to 2033
Table 103. East Asia Market Volume (Units) and Forecast By Device Type, 2018 to 2022
Table 104. East Asia Market Volume (Units) and Forecast By Device Type, 2023 to 2033
Table 105. East Asia Market Value (US$ million) and Forecast By Principal Parameter, 2018 to 2022
Table 106. East Asia Market Value (US$ million) and Forecast By Principal Parameter, 2023 to 2033
Table 107. East Asia Market Volume (Units) and Forecast By Principal Parameter, 2018 to 2022
Table 108. East Asia Market Volume (Units) and Forecast By Principal Parameter, 2023 to 2033
Table 109. East Asia Market Value (US$ million) and Forecast By Precision Device, 2018 to 2022
Table 110. East Asia Market Value (US$ million) and Forecast By Precision Device, 2023 to 2033
Table 111. East Asia Market Volume (Units) and Forecast By Precision Device, 2018 to 2022
Table 112. East Asia Market Volume (Units) and Forecast By Precision Device, 2023 to 2033
Table 113. East Asia Market Value (US$ million) and Forecast By Portability, 2018 to 2022
Table 114. East Asia Market Value (US$ million) and Forecast By Portability, 2023 to 2033
Table 115. East Asia Market Volume (Units) and Forecast By Portability, 2018 to 2022
Table 116. East Asia Market Volume (Units) and Forecast By Portability, 2023 to 2033
Table 117. East Asia Market Value (US$ million) and Forecast By End Use Vertical, 2018 to 2022
Table 118. East Asia Market Value (US$ million) and Forecast By End Use Vertical, 2023 to 2033
Table 119. East Asia Market Volume (Units) and Forecast By End Use Vertical, 2018 to 2022
Table 120. East Asia Market Volume (Units) and Forecast By End Use Vertical, 2023 to 2033
Table 121. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 122. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 123. South Asia & Oceania Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 124. South Asia & Oceania Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 125. South Asia & Oceania Market Value (US$ million) and Forecast By Device Type, 2018 to 2022
Table 126. South Asia & Oceania Market Value (US$ million) and Forecast By Device Type, 2023 to 2033
Table 127. South Asia & Oceania Market Volume (Units) and Forecast By Device Type, 2018 to 2022
Table 128. South Asia & Oceania Market Volume (Units) and Forecast By Device Type, 2023 to 2033
Table 129. South Asia & Oceania Market Value (US$ million) and Forecast By Principal Parameter, 2018 to 2022
Table 130. South Asia & Oceania Market Value (US$ million) and Forecast By Principal Parameter, 2023 to 2033
Table 131. South Asia & Oceania Market Volume (Units) and Forecast By Principal Parameter, 2018 to 2022
Table 132. South Asia & Oceania Market Volume (Units) and Forecast By Principal Parameter, 2023 to 2033
Table 133. South Asia & Oceania Market Value (US$ million) and Forecast By Precision Device, 2018 to 2022
Table 134. South Asia & Oceania Market Value (US$ million) and Forecast By Precision Device, 2023 to 2033
Table 135. South Asia & Oceania Market Volume (Units) and Forecast By Precision Device, 2018 to 2022
Table 136. South Asia & Oceania Market Volume (Units) and Forecast By Precision Device, 2023 to 2033
Table 137. South Asia & Oceania Market Value (US$ million) and Forecast By Portability, 2018 to 2022
Table 138. South Asia & Oceania Market Value (US$ million) and Forecast By Portability, 2023 to 2033
Table 139. South Asia & Oceania Market Volume (Units) and Forecast By Portability, 2018 to 2022
Table 140. South Asia & Oceania Market Volume (Units) and Forecast By Portability, 2023 to 2033
Table 141. South Asia & Oceania Market Value (US$ million) and Forecast By End Use Vertical, 2018 to 2022
Table 142. South Asia & Oceania Market Value (US$ million) and Forecast By End Use Vertical, 2023 to 2033
Table 143. South Asia & Oceania Market Volume (Units) and Forecast By End Use Vertical, 2018 to 2022
Table 144. South Asia & Oceania Market Volume (Units) and Forecast By End Use Vertical, 2023 to 2033
Table 145. MEA Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 146. MEA Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 147. MEA Market Volume (Units) and Forecast by Country, 2018 to 2022
Table 148. MEA Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 149. MEA Market Value (US$ million) and Forecast By Device Type, 2018 to 2022
Table 150. MEA Market Value (US$ million) and Forecast By Device Type, 2023 to 2033
Table 151. MEA Market Volume (Units) and Forecast By Device Type, 2018 to 2022
Table 152. MEA Market Volume (Units) and Forecast By Device Type, 2023 to 2033
Table 153. MEA Market Value (US$ million) and Forecast By Principal Parameter, 2018 to 2022
Table 154. MEA Market Value (US$ million) and Forecast By Principal Parameter, 2023 to 2033
Table 155. MEA Market Volume (Units) and Forecast By Principal Parameter, 2018 to 2022
Table 156. MEA Market Volume (Units) and Forecast By Principal Parameter, 2023 to 2033
Table 157. MEA Market Value (US$ million) and Forecast By Precision Device, 2018 to 2022
Table 158. MEA Market Value (US$ million) and Forecast By Precision Device, 2023 to 2033
Table 159. MEA Market Volume (Units) and Forecast By Precision Device, 2018 to 2022
Table 160. MEA Market Volume (Units) and Forecast By Precision Device, 2023 to 2033
Table 161. MEA Market Value (US$ million) and Forecast By Portability, 2018 to 2022
Table 162. MEA Market Value (US$ million) and Forecast By Portability, 2023 to 2033
Table 163. MEA Market Volume (Units) and Forecast By Portability, 2018 to 2022
Table 164. MEA Market Volume (Units) and Forecast By Portability, 2023 to 2033
Table 165. MEA Market Value (US$ million) and Forecast By End Use Vertical, 2018 to 2022
Table 166. MEA Market Value (US$ million) and Forecast By End Use Vertical, 2023 to 2033
Table 167. MEA Market Volume (Units) and Forecast By End Use Vertical, 2018 to 2022
Table 168. MEA Market Volume (Units) and Forecast By End Use Vertical, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Global Market Value (US$ million) and Volume (Units) by Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2023 to 2033
Figure 05. Global Market Value (US$ million) and Volume (Units) By Device Type, 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Device Type, 2023 to 2033
Figure 07. Global Market Value (US$ million) and Volume (Units) By Principal Parameter, 2023 & 2033
Figure 08. Global Market Y-o-Y Growth Rate By Principal Parameter, 2023 to 2033
Figure 09. Global Market Value (US$ million) and Volume (Units) By Precision Device, 2023 & 2033
Figure 10. Global Market Y-o-Y Growth Rate By Precision Device, 2023 to 2033
Figure 11. Global Market Value (US$ million) and Volume (Units) By Portability, 2023 & 2033
Figure 12. Global Market Y-o-Y Growth Rate By Portability, 2023 to 2033
Figure 13. Global Market Value (US$ million) and Volume (Units) By End Use Vertical, 2023 & 2033
Figure 14. Global Market Y-o-Y Growth Rate By End Use Vertical, 2023 to 2033
Figure 15. North America Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 16. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 17. North America Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 18. North America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 19. North America Market Value (US$ million) and Volume (Units) By Device Type, 2023 & 2033
Figure 20. North America Market Y-o-Y Growth Rate By Device Type, 2023 to 2033
Figure 21. North America Market Value (US$ million) and Volume (Units) By Principal Parameter, 2023 & 2033
Figure 22. North America Market Y-o-Y Growth Rate By Principal Parameter, 2023 to 2033
Figure 23. North America Market Value (US$ million) and Volume (Units) By Precision Device, 2023 & 2033
Figure 24. North America Market Y-o-Y Growth Rate By Precision Device, 2023 to 2033
Figure 25. North America Market Value (US$ million) and Volume (Units) By Portability, 2023 & 2033
Figure 26. North America Market Y-o-Y Growth Rate By Portability, 2023 to 2033
Figure 27. North America Market Value (US$ million) and Volume (Units) By End Use Vertical, 2023 & 2033
Figure 28. North America Market Y-o-Y Growth Rate By End Use Vertical, 2023 to 2033
Figure 29. North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 30. North America Market Attractiveness Analysis By Device Type, 2023 to 2033
Figure 31. North America Market Attractiveness Analysis By Principal Parameter, 2023 to 2033
Figure 32. North America Market Attractiveness Analysis By Precision Device, 2023 to 2033
Figure 33. North America Market Attractiveness Analysis By Portability, 2023 to 2033
Figure 34. North America Market Attractiveness Analysis By End Use Vertical, 2023 to 2033
Figure 35. Latin America Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 36. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 37. Latin America Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 38. Latin America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 39. Latin America Market Value (US$ million) and Volume (Units) By Device Type, 2023 & 2033
Figure 40. Latin America Market Y-o-Y Growth Rate By Device Type, 2023 to 2033
Figure 41. Latin America Market Value (US$ million) and Volume (Units) By Principal Parameter, 2023 & 2033
Figure 42. Latin America Market Y-o-Y Growth Rate By Principal Parameter, 2023 to 2033
Figure 43. Latin America Market Value (US$ million) and Volume (Units) By Precision Device, 2023 & 2033
Figure 44. Latin America Market Y-o-Y Growth Rate By Precision Device, 2023 to 2033
Figure 45. Latin America Market Value (US$ million) and Volume (Units) By Portability, 2023 & 2033
Figure 46. Latin America Market Y-o-Y Growth Rate By Portability, 2023 to 2033
Figure 47. Latin America Market Value (US$ million) and Volume (Units) By End Use Vertical, 2023 & 2033
Figure 48. Latin America Market Y-o-Y Growth Rate By End Use Vertical, 2023 to 2033
Figure 49. Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 50. Latin America Market Attractiveness Analysis By Device Type, 2023 to 2033
Figure 51. Latin America Market Attractiveness Analysis By Principal Parameter, 2023 to 2033
Figure 52. Latin America Market Attractiveness Analysis By Precision Device, 2023 to 2033
Figure 53. Latin America Market Attractiveness Analysis By Portability, 2023 to 2033
Figure 54. Latin America Market Attractiveness Analysis By End Use Vertical, 2023 to 2033
Figure 55. Europe Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 56. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 57. Europe Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 58. Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 59. Europe Market Value (US$ million) and Volume (Units) By Device Type, 2023 & 2033
Figure 60. Europe Market Y-o-Y Growth Rate By Device Type, 2023 to 2033
Figure 61. Europe Market Value (US$ million) and Volume (Units) By Principal Parameter, 2023 & 2033
Figure 62. Europe Market Y-o-Y Growth Rate By Principal Parameter, 2023 to 2033
Figure 63. Europe Market Value (US$ million) and Volume (Units) By Precision Device, 2023 & 2033
Figure 64. Europe Market Y-o-Y Growth Rate By Precision Device, 2023 to 2033
Figure 65. Europe Market Value (US$ million) and Volume (Units) By Portability, 2023 & 2033
Figure 66. Europe Market Y-o-Y Growth Rate By Portability, 2023 to 2033
Figure 67. Europe Market Value (US$ million) and Volume (Units) By End Use Vertical, 2023 & 2033
Figure 68. Europe Market Y-o-Y Growth Rate By End Use Vertical, 2023 to 2033
Figure 69. Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 70. Europe Market Attractiveness Analysis By Device Type, 2023 to 2033
Figure 71. Europe Market Attractiveness Analysis By Principal Parameter, 2023 to 2033
Figure 72. Europe Market Attractiveness Analysis By Precision Device, 2023 to 2033
Figure 73. Europe Market Attractiveness Analysis By Portability, 2023 to 2033
Figure 74. Europe Market Attractiveness Analysis By End Use Vertical, 2023 to 2033
Figure 75. East Asia Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 76. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 77. East Asia Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 78. East Asia Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 79. East Asia Market Value (US$ million) and Volume (Units) By Device Type, 2023 & 2033
Figure 80. East Asia Market Y-o-Y Growth Rate By Device Type, 2023 to 2033
Figure 81. East Asia Market Value (US$ million) and Volume (Units) By Principal Parameter, 2023 & 2033
Figure 82. East Asia Market Y-o-Y Growth Rate By Principal Parameter, 2023 to 2033
Figure 83. East Asia Market Value (US$ million) and Volume (Units) By Precision Device, 2023 & 2033
Figure 84. East Asia Market Y-o-Y Growth Rate By Precision Device, 2023 to 2033
Figure 85. East Asia Market Value (US$ million) and Volume (Units) By Portability, 2023 & 2033
Figure 86. East Asia Market Y-o-Y Growth Rate By Portability, 2023 to 2033
Figure 87. East Asia Market Value (US$ million) and Volume (Units) By End Use Vertical, 2023 & 2033
Figure 88. East Asia Market Y-o-Y Growth Rate By End Use Vertical, 2023 to 2033
Figure 89. East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 90. East Asia Market Attractiveness Analysis By Device Type, 2023 to 2033
Figure 91. East Asia Market Attractiveness Analysis By Principal Parameter, 2023 to 2033
Figure 92. East Asia Market Attractiveness Analysis By Precision Device, 2023 to 2033
Figure 93. East Asia Market Attractiveness Analysis By Portability, 2023 to 2033
Figure 94. East Asia Market Attractiveness Analysis By End Use Vertical, 2023 to 2033
Figure 95. South Asia & Oceania Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 96. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 97. South Asia & Oceania Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 98. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 99. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Device Type, 2023 & 2033
Figure 100. South Asia & Oceania Market Y-o-Y Growth Rate By Device Type, 2023 to 2033
Figure 101. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Principal Parameter, 2023 & 2033
Figure 102. South Asia & Oceania Market Y-o-Y Growth Rate By Principal Parameter, 2023 to 2033
Figure 103. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Precision Device, 2023 & 2033
Figure 104. South Asia & Oceania Market Y-o-Y Growth Rate By Precision Device, 2023 to 2033
Figure 105. South Asia & Oceania Market Value (US$ million) and Volume (Units) By Portability, 2023 & 2033
Figure 106. South Asia & Oceania Market Y-o-Y Growth Rate By Portability, 2023 to 2033
Figure 107. South Asia & Oceania Market Value (US$ million) and Volume (Units) By End Use Vertical, 2023 & 2033
Figure 108. South Asia & Oceania Market Y-o-Y Growth Rate By End Use Vertical, 2023 to 2033
Figure 109. South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 110. South Asia & Oceania Market Attractiveness Analysis By Device Type, 2023 to 2033
Figure 111. South Asia & Oceania Market Attractiveness Analysis By Principal Parameter, 2023 to 2033
Figure 112. South Asia & Oceania Market Attractiveness Analysis By Precision Device, 2023 to 2033
Figure 113. South Asia & Oceania Market Attractiveness Analysis By Portability, 2023 to 2033
Figure 114. South Asia & Oceania Market Attractiveness Analysis By End Use Vertical, 2023 to 2033
Figure 115. MEA Market Value (US$ million) and Volume (Units) Forecast, 2023 to 2033
Figure 116. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 117. MEA Market Value (US$ million) and Volume (Units) by Country, 2023 & 2033
Figure 118. MEA Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 119. MEA Market Value (US$ million) and Volume (Units) By Device Type, 2023 & 2033
Figure 120. MEA Market Y-o-Y Growth Rate By Device Type, 2023 to 2033
Figure 121. MEA Market Value (US$ million) and Volume (Units) By Principal Parameter, 2023 & 2033
Figure 122. MEA Market Y-o-Y Growth Rate By Principal Parameter, 2023 to 2033
Figure 123. MEA Market Value (US$ million) and Volume (Units) By Precision Device, 2023 & 2033
Figure 124. MEA Market Y-o-Y Growth Rate By Precision Device, 2023 to 2033
Figure 125. MEA Market Value (US$ million) and Volume (Units) By Portability, 2023 & 2033
Figure 126. MEA Market Y-o-Y Growth Rate By Portability, 2023 to 2033
Figure 127. MEA Market Value (US$ million) and Volume (Units) By End Use Vertical, 2023 & 2033
Figure 128. MEA Market Y-o-Y Growth Rate By End Use Vertical, 2023 to 2033
Figure 129. MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 130. MEA Market Attractiveness Analysis By Device Type, 2023 to 2033
Figure 131. MEA Market Attractiveness Analysis By Principal Parameter, 2023 to 2033
Figure 132. MEA Market Attractiveness Analysis By Precision Device, 2023 to 2033
Figure 133. MEA Market Attractiveness Analysis By Portability, 2023 to 2033
Figure 134. MEA Market Attractiveness Analysis By End Use Vertical, 2023 to 2033
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- FAQs -
What will the valuation of the electrical calibration equipment market be by 2033?
The global electrical calibration equipment market is predicted to reach US$ 4.2 billion by the end of 2033, up from US$ 1 billion at present.
Which region dominates value generation in the global market?
North America held a leading market share of around 27.9% in 2022 and is presumed to remain in the same growth trajectory through 2033.
Which device type will have the highest market share in 2023?
Multimeters will account for the highest market share of 16.8% in 2023.
What is the predicted CAGR for the sales of volt sticks & detectors?
Demand for volt sticks & detectors is expected to increase at a CAGR of 7.6% during the forecast period.
What is the market value of precision source devices in 2023?
Precision source under the precision device segment is likely to offer great growth prospects with a market valuation of US$ 1.8 billion in 2023.
Electrical Calibration Equipment Market