Multifunction Process Calibrator Segment is Expected to be Fastest Growing During the Forecast Period for MEA Region

According to a new market research study on “MEA Instrument Calibrator Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, modularity, and Industry Vertical” is expected to reach US$ 72.12 million by 2028 from 56.85 US$ million in 2021. The market is estimated to grow at a CAGR of 3.5% from 2021 to 2028. The report provides trends prevailing in the MEA instrument calibrator market along with the drivers and restraints pertaining to the market growth. Availability of portable calibrators is the major factor driving the growth of the MEA instrument calibrator market. However, issues such as red ocean strategy negatively impacting instrument calibrator market hinders the growth of MEA instrument calibrator market.  

MEA instrument calibrator market is segmented into product type, modularity, industry vertical and country. Based on product type, the MEA instrument calibrator market is segmented into temperature calibrator, pressure calibrator, electrical calibrator, and multifunction process calibrator. Pressure calibrator segment held the largest market share in 2020. The modularity segment is classified into benchtop, and portable. Portable segment held the largest market share in 2020.Based on industry vertical, the MEA instrument calibrator market is categorized into automotive, aerospace and defense, electronics, food, and beverage, pharmaceutical, oil and gas, and others. Oil and gas segment held the largest market share in 2020. Based on country, the MEA instrument calibrator market is segmented into Saudi Arabia, South Africa, UAE, and rest of MEA. Saudi Arabia held the largest market share in 2020.

Countries in the MEA have been widely affected by the COVID–19 pandemic. However, the countries have wisely reacted to the COVID–19 pandemic to avoid the spread of infection. Like other regions, lockdown and social distancing were imposed, impairing these trends hindering access to work, regular income, payments, fairs, schools, and healthcare. Therefore, the countries have undergone huge losses and are still trying to recover them. The lockdown has widely affected the non-emergency medical services in the region, affecting the medical devices. Countries such as Saudi Arabia and the UAE are emerging as healthcare destinations in the regions. However, they are dependent on the countries for the resources. The availability of vaccines and other healthcare facilities in the developing countries in the region is expected to provide scope for the market in the coming years. The COVID-19 pandemic has helped the above-mentioned countries enhance their capacity and showcase their abilities for healthcare services.      

Additel; AMETEK Inc.; Baker Hughes Company; Beamex Oy Ab; Calmet; Spectris; WIKA Alexander Wiegand SE & Co. KG; and Yokogawa Electric Corporation are among the leading companies in the MEA instrument calibrator market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Calmet launched C300B Three- and single-phase power and energy calibrator, tester, and protection relay test set. The C300B Calibrator and Tester is used for calibration and testing a wide range of measuring instruments used in power engineering and enables testing.      

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