Temperature Calibrators Market: Projected To Grow At A CAGR Of 6.84% During The Period 2018-2022: Radiant Insights, Inc

November 08 10:35 2018

Radiant Insights, Inc
The global temperature calibrators market is anticipated to grow at steady CAGR over the forecast period (2018 to 2022), according to a report available on Radiant Insights, Inc. Growing need to maintain temperature required in laboratories to maintain quality of manufacturing process can propel demand for temperature calibration.

The global temperature calibrators market is anticipated to grow at steady CAGR over the forecast period (2018 to 2022), according to a report available on Radiant Insights, Inc. Growing need to maintain temperature required in laboratories to maintain quality of manufacturing process can propel demand for temperature calibration.

Temperature is predicted to be essential parameter for maintaining quality assurance of manufacturing processes in laboratories. Thereby, calibration is expected to be important for various temperature measuring devices like thermocouples, thermistors, thermometers, thermal imaging cameras, and temperature detectors. This factor can augment market expansion in the forthcoming years. In addition, rising demand for calibration of devices being used in industries to measure temperature can stimulate market growth. Parameters like number of temperature measuring devices, frequency of calibration, and type of temperature measuring devices can help determine type of temperature calibrators.

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Availability of multifunctional calibrators can hamper growth of market during the forecast period. However, growing adopt of strategies like mergers and acquisitions in test and measurement sector can create lucrative opportunities in the market. In addition, rising adoption of automation in laboratories can drive market growth. Moreover, introduction of portable temperature calibrators can stimulate market expansion in the forthcoming years.      

To cater to rising demand, most companies are likely to invest in R&D activities to develop advanced products. For instance, AMETEK recently launched its new temperature calibrator named JOFRA CTC-1205. The device can be used in power plants, waste incineration, and metal industry, and oil and gas production. In addition, it is expected to be used in temperature range between 100 and 1205 degree Celsius. The calibrator is estimated to offer silent mode operation and can provide better working condition in laboratories. It is expected to reduce cooling times to 45 minutes only. Moreover, the device is likely to improve workflow and reduce working hours.

The temperature calibrators market can be segregated on the basis of type, application, and region. Based on type, the market can be bifurcated into portable and benchtop. Portable temperature calibrators segment is expected to witness significant growth over the forecast period. Such calibrators are designed to address frequently changing locations for operational activities. In addition, they are likely to be light weight and handy for comfortable use. 

Full Research Report On Global Temperature Calibrators Market Analysis available at: https://www.radiantinsights.com/research/global-temperature-calibrators-market-2018-2022

Based on application, the temperature calibrators market can be categorized into Original Equipment Manufacturers (OEMs), third-party service providers, and in-house maintenance. OEM segment is projected to dominate the market and is likely to account for highest market share during the forecast period.

Regional segmentation of the temperature calibrators market includes Americas, Asia Pacific, and Europe, Middle East and Africa (EMEA). EMEA region dominated the market and accounted for largest market share in the past. The region is expected to witness growth in terms of market share over the forecast period. Supportive regulatory policies regarding quality assurance can boost demand for temperature calibrators in the region.  

Some of the leading companies operating in the temperature calibrators market are Techne Calibration, Time Electronics, Nagman, Martel Electronics, and Fluke Calibration. The market is expected to be concentrated attributed to presence of established manufacturers. The market is likely to witness penetration of new entrants owing to growing reliability of temperature measuring devices. This, in turn, can boost consumer demand over the forecast period. In addition, launch of diverse innovative products can increase competition level among various manufacturing companies. Growing need to differentiate products and competitive edge over others can push manufacturing companies to launch new and advanced products.

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