Pressure Calibrator Segment to Dominate North America Instrument Calibrator Market during 2020–2028      

According to a new market research study on “North America 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$ 497.25 million by 2028 from 349.67 US$ million in 2021. The market is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The report provides trends prevailing in the North America instrument calibrator market along with the drivers and restraints pertaining to the market growth. Rising need from pharmaceuticals industry is the major factor driving the growth of the North America instrument calibrator market. However, issues associated with instrument calibrator market adopting red ocean strategy hinders the growth of North America instrument calibrator market.

 North America instrument calibrator market is segmented into product type, modularity, industry vertical and country. Based on product type, the North America 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 North America 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 North America instrument calibrator market is segmented into US, Canada, and Mexico. US held the largest market share in 2020.

In North America, the US recorded a large number of COVID-19 cases, with more than 20 million COVID-19 cases. California, Texas, Florida, and New York are a few majorly affected areas. The federal government in the country did not impose nationwide lockdown in 2020. However, governors of few states decided to impose lockdown in their respective states. The lockdown hindered the operations of various industries, such as manufacturing and IT. However, essential industries, such as fast-moving consumer goods (FMCG) and pharmaceutical, had to continue their operations. Increasing number of infected individuals has led the government to impose lockdown across the nation’s borders. The majority of the manufacturing plants were either temporarily shut or were operating with minimum staff. The supply chain of components and parts is disrupted. These are a few of the critical issues faced by the North American manufacturers. The US is one of the largest markets for instrument calibrators, especially in medical, food & beverages, and oil & gas, owing to stringent government/industry regulations regarding safety and quality standards. Also, the country has a larger density of instrument calibrators manufacturers. However, the COVID-19 outbreak has severely affected the production and revenue generation with a lower number of manufacturing staff. Thus, the factors mentioned above have had a negative impact on the growth of the instrument calibrators market in the region.  

Additel; AMETEK Inc.; Baker Hughes Company; Beamex Oy Ab; Calmet; Extech Instruments; Fluke Corporation; Spectris; WIKA Alexander Wiegand SE & Co. KG; and Yokogawa Electric Corporation are among the leading companies in the North America 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, in 2021, Beamex announced the expansion of its services into the Canadian market. Beamex Calibration Solutions Ltd., the new subsidiary, will help to build greater relationships with existing Beamex customers.   

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