Calibration Services Market Trends, Development, Analysis And Forecasts To 2020

1. Calibration Services Market Trends, Development, Analysis And Forecasts To 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.” The global Calibration Service Market is expected to grow at a CAGR of 6.99% to reach $5,580.00 Million by 2020. This growth would be driven by increasing awareness about quality standards, focus on preventive maintenance, and strict government regulations. Key service segments of the calibration services market included in the report are electrical, mechanical, thermodynamic, and physical dimensional. Among all the service segments, the electrical calibration service segment was the largest contributor to the overall calibration service market, accounting for 48% share in 2013. 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. 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. The calibration services market is fragmented and competitive with a large number of players. Key players in this market are General Electric (U.S.), Siemens AG (Germany), Danaher Corporation (U.S.), and Endress+Hauser (Switzerland). Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222898714

2. Service segments of calibration services covered in the report include electrical, mechanical, thermodynamic, and physical/dimensional. The electrical calibration services market has the largest presence among all the end-user markets of calibration services. End user markets of calibration services discussed in the report are electronics manufacturing, communication, aerospace & defense, industrial & automotive, and others. Types of calibration services included in the report are in-house, OEM, and third party service providers. The calibration services market for the following geographic regions is included in the report - Americas, Europe, Asia-Pacific, and the Rest of the World (RoW). Major drivers identified for the growth of the calibration service market are the focus on preventive maintenance, strict government regulations, and increased quality consciousness among consumers. There are also some factors which are putting restraints on the growth of the market such as the lack of skilled workers, high competition due to price sensitivity, and increased complexity of standards. Overall, the calibration service market is expected to witness a moderate growth during the forecast period, primarily due to the increasing adoption of calibration services to operate efficiently with existing or new devices. Request Sample Copy of this Market Research @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=222898714 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. 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 in 2013. The report also covers key end user industries of the calibration services market, which include electronics manufacturing, communication, aerospace & defense, industrial & automotive, and others (power generation and petrochemicals). Among all sectors, the electronics manufacturing sector is expected to be the largest contributor to the overall calibration services market, accounting for ~31% share. The calibration services market for different geographic regions including North America, Europe, Asia- Pacific, and the Rest of the World (RoW) has also been covered in the report. Europe was the largest market for the calibration services in 2013. APAC is expected to be the most promising market for calibration services during the forecast period and would grow at the highest CAGR among all regions. The report also discusses the future of the global market with road-map, upcoming technologies, markets, and applications with respect to calibration services. Key players in this industry include General Electric (U.S.), Siemens AG (Germany), Danaher Corporation (U.S.), Endress+Hauser (Switzerland), Trescal Inc.

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