Europe Instrument Calibrator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Temperature Calibrator, Pressure Calibrator, Electrical Calibrator, and Multifunction Process Calibrator), Modularity (Benchtop and Portable), and Industry Vertical (Automotive, Aerospace & Defense, Electronics, Food & Beverage, Pharmaceutical, Oil & Gas, and Other Industries)

Code: TIPRE00024798 | Pages: 144 | Industry: Electronics and Semiconductor | Date: Sep 2021
Covid

Market Introduction

Europe comprises Germany, France, Italy, the UK, Russia, Netherlands, Belgium, and Rest of Europe. Instrument testing and calibration plays a crucial role in sensitive industries such as – the Aerospace and Defense industry, Medical Device, Pharmaceutical, Food and Beverage and others. Europe is one of the prominent regions when it comes to the healthcare and aerospace and defense industry. EU member states purchase around 80% of their Defense equipment from the domestic market. The robust growth of the European Aerospace and Defense sector creates a great opportunity for the calibration service providers in the region. Further, the pharmaceutical industry is innovative industry and is supported by robust regulatory and innovation-supportive incentives environment. The complex devices/instruments used in these field are expected to function without an error. Thus, growing manufacturing industries in Europe is likely to favor the growth of the market.       

Europe witnessed a varying impact of the COVID-19 pandemic across its economically diverse countries. Countries such as Germany, the UK, the Netherlands, and France imposed stringent government restrictions and closed their borders to curb the virus spread. Additionally, Italy, Russia, and Spain witnessed a significant surge in COVID-19 confirmed cases, which led them to shutdown businesses and manufacturing operations for a few months. However, numerous European countries witnessed swift recover from quarter 4 of 2020. Irrespective of the surge in the number of cases and shutting down of business operations for months, manufacturers had to continue the production of essential products, resume it earlier than other businesses. Further, since manufacturing facilities in the region were completely shut down for months, the manufacturers of instrument calibrators faced several challenges related to procuring raw material and keeping up with the overall stock. However, since the beginning of 2021, governments of various countries in Europe have expedited the vaccination process, and currently the number of COVID-19 cases in the region is reducing. Seeing this, the government authority has now opened up the economy, and various industries are now functional with more stringent sanitation guidelines. This scenario is propelling the demand for advanced instrument calibrators across Europe.                 


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Market Overview and Dynamics

The instrument calibrator market in Europe is expected to grow from US$ 335.87 million in 2021 to US$ 456.65 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028. Government regulatory authorities such as the Food and Drug Administration (FDA) and the Environmental Protection Agency (EPA) require strict adherence to regulates emissions of various manufacturing plants, among other processes. Companies that use mercury in their manufacturing processes need to calibrate sensors that monitor plant emissions to ensure the absence of mercury in the discharge, as it can harm the adjacent environment and ecosystems. The FDA regulates to calibrate regular basis on chemical makeup of drugs. So, test and measurement of the equipment are done to verify correct measurements and the operation of manufacturing equipment that controls the errors while manufacturing the chemical makeup of drugs.  

Key Market Segments

Europe instrument calibrator market is segmented into product type, modularity, industry vertical and country. Based on product type, the Europe 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 Europe instrument calibrator market is categorized into automotive, aerospace and defense, electronics, food, and beverage, pharmaceutical, oil and gas, and others. Oil& gas segment held the largest market share in 2020.

Based on country, the Europe instrument calibrator market is segmented into Belgium, France, Germany, Italy, Netherlands, Russia, UK, and rest of Europe. Germany held the largest market share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the instrument calibrator market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Additel; AMETEK Inc.; Baker Hughes Company; Beamex Oy Ab; Calmet; Fluke Corporation; Spectris; WIKA Alexander Wiegand SE & Co. KG; and Yokogawa Electric Corporation.        

Reasons to buy report

  • To understand the Europe instrument calibrator market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe instrument calibrator market.
  • Efficiently plan M&A and partnership deals in Europe instrument calibrator market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe instrument calibrator market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Instrument Calibrator Market Segmentation

Europe Instrument Calibrator Market - By Product Type

  • Temperature Calibrator
  • Pressure Calibrator
  • Electrical Calibrator
  • Multifunction Process Calibrator

Europe Instrument Calibrator Market - By Modularity

  • Benchtop
  • Portable

Europe Instrument Calibrator Market - By Industry Vertical

  • Automotive
  • Aerospace and Defense
  • Electronics
  • Food and Beverage
  • Pharmaceutical
  • Oil and Gas
  • Other Industries

Europe Instrument Calibrator Market - By Country

  • Belgium
  • France
  • Germany
  • Italy
  • Netherlands
  • UK
  • Russia
  • Rest of Europe

Europe Instrument Calibrator Market - Company Profiles

  • Additel
  • AMETEK Inc.
  • Baker Hughes Company
  • Beamex Oy Ab
  • Calmet
  • Fluke Corporation
  • Spectris 
  • WIKA Alexander Wiegand SE & Co. KG
  • Yokogawa Electric Corporation
 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Europe Instrument Calibrator Market – By Product Type

1.3.2        Europe Instrument Calibrator Market – By Modularity

1.3.3        Europe Instrument Calibrator Market – By Industry Vertical

1.3.4        Europe Instrument Calibrator Market- By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Europe Instrument Calibrator Market Landscape

4.1         Market Overview

4.2         Europe PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Europe Instrument Calibrator Market – Key Market Dynamics

5.1         Key Market Drivers

5.1.1        Pharmaceuticals Industry Raising the Demand

5.1.2        High Usage in Aerospace & Defense

5.1.3        Low Price of Calibrators and Technological Enhancements

5.2         Key Market Restraints

5.2.1        Market Players Implementing Red Ocean Strategy in Instrument Calibrator Market

5.3         Key Market Opportunities

5.3.1        Commending Government Regulations

5.4         Future Trends

5.4.1        Instrument Calibration Services Developing Fast

5.5         Impact analysis of Drivers and Restraints

6.           Instrument Calibrator Market – Europe Analysis

6.1         Europe Instrument Calibrator Market Overview

6.2         Europe Instrument Calibrator Market –Revenue and Forecast to 2028 (US$ Million)

7.           Europe Instrument Calibrator Market Analysis – By Product Type

7.1         Overview

7.2         Europe Instrument Calibrator Market Revenue Breakdown, By Product Type, 2020 and 2028

7.3         Temperature Calibrator

7.3.1        Overview

7.3.2        Temperature Calibrator: Instrument Calibrator Market, Revenue and Forecast to 2028 (US$ Million)

7.4         Pressure Calibrator

7.4.1        Overview

7.4.2        Pressure Calibrator: Instrument Calibrator Market- Revenue and Forecast to 2028 (US$ Million)

7.5         Electrical Calibrator

7.5.1        Overview

7.5.2        Electrical Calibrator: Instrument Calibrator Market- Revenue and Forecast to 2028 (US$ Million)

7.6         Multifunction Process Calibrator

7.6.1        Overview

7.6.2        Multifunction Process Calibrator: Instrument Calibrator Market- Revenue and Forecast to 2028 (US$ Million)

8.           Europe Instrument Calibrator Market Analysis– By Modularity

8.1         Overview

8.2         Europe Instrument Calibrator Market Breakdown, By Modularity, 2020 and 2028

8.3         Benchtop

8.3.1        Overview

8.3.2        Benchtop: Instrument Calibrator Market- Revenue and Forecast to 2028 (US$ Million)

8.4         Portable

8.4.1        Overview

8.4.2        Portable: Instrument Calibrator Market- Revenue and Forecast to 2028 (US$ Million)

9.           Europe Instrument Calibrator Market – By Industry Vertical

9.1         Overview

9.2         Europe Instrument Calibrator Market, by Industry Vertical (2020 and 2028)

9.3         Pharmaceutical

9.3.1        Overview

9.3.2        Pharmaceutical: Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Automotive

9.4.1        Overview

9.4.2        Automotive: Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

9.5         Aerospace and Defense

9.5.1        Overview

9.5.2        Aerospace and Defense: Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

9.6         Food and Beverages

9.6.1        Overview

9.6.2        Food and Beverages: Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

9.7         Electronics

9.7.1        Overview

9.7.2        Electronics: Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

9.8         Oil and Gas

9.8.1        Overview

9.8.2        Oil and Gas: Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

9.9         Other Industries

9.9.1        Overview

9.9.2        Other Industries: Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

10.        Europe Instrument Calibrator Market – Country Analysis

10.1      Overview

10.1.1     Europe Instrument Calibrator Market Breakdown, by Country

10.1.1.1       Germany Instrument Calibrator Market, Revenue and Forecast to 2028

10.1.1.1.1       Germany Instrument Calibrator Market Breakdown, by Product Type

10.1.1.1.2       Germany Instrument Calibrator Market Breakdown, by Modularity

10.1.1.1.3       Germany Instrument Calibrator Market Breakdown, by Industry Vertical

10.1.1.2       France Instrument Calibrator Market, Revenue and Forecast to 2028

10.1.1.2.1       France Instrument Calibrator Market Breakdown, by Product Type

10.1.1.2.2       France Instrument Calibrator Market Breakdown, by Modularity

10.1.1.2.3       France Instrument Calibrator Market Breakdown, by Industry Vertical

10.1.1.3       Italy Instrument Calibrator Market, Revenue and Forecast to 2028

10.1.1.3.1       Italy Instrument Calibrator Market Breakdown, by Product Type

10.1.1.3.2       Italy Instrument Calibrator Market Breakdown, by Modularity

10.1.1.3.3       Italy Instrument Calibrator Market Breakdown, by Industry Vertical

10.1.1.4       UK Instrument Calibrator Market, Revenue and Forecast to 2028

10.1.1.4.1       UK Instrument Calibrator Market Breakdown, by Product Type

10.1.1.4.2       UK Instrument Calibrator Market Breakdown, by Modularity

10.1.1.4.3       UK Instrument Calibrator Market Breakdown, by Industry Vertical

10.1.1.5       Russia Instrument Calibrator Market, Revenue and Forecast to 2028

10.1.1.5.1       Russia Instrument Calibrator Market Breakdown, by Product Type

10.1.1.5.2       Russia Instrument Calibrator Market Breakdown, by Modularity

10.1.1.5.3       Russia Instrument Calibrator Market Breakdown, by Industry Vertical

10.1.1.6       Belgium Instrument Calibrator Market, Revenue and Forecast to 2028

10.1.1.6.1       Belgium Instrument Calibrator Market Breakdown, by Product Type

10.1.1.6.2       Belgium Instrument Calibrator Market Breakdown, by Modularity

10.1.1.6.3       Belgium Instrument Calibrator Market Breakdown, by Industry Vertical

10.1.1.7       Netherlands Instrument Calibrator Market, Revenue and Forecast to 2028

10.1.1.7.1       Netherlands Instrument Calibrator Market Breakdown, by Product Type

10.1.1.7.2       Netherlands Instrument Calibrator Market Breakdown, by Modularity

10.1.1.7.3       Netherlands Instrument Calibrator Market Breakdown, by Industry Vertical

10.1.1.8       Rest of Europe Instrument Calibrator Market, Revenue and Forecast to 2028

10.1.1.8.1       Rest of Europe Instrument Calibrator Market Breakdown, by Product Type

10.1.1.8.2       Rest of Europe Instrument Calibrator Market Breakdown, by Modularity

10.1.1.8.3       Rest of Europe Instrument Calibrator Market Breakdown, by Industry Vertical

11.        Europe Instrument Calibrator Market- COVID-19 Impact Analysis

11.1      Europe

12.        Instrument Calibrator Market –Industry Landscape

12.1      Overview

12.2      Growth Strategies in the Instrument Calibrator Market

12.3      Inorganic Growth Strategies

12.3.1     Overview

12.4      Organic Growth Strategies

12.4.1     Overview

13.        Company Profiles

13.1      AMETEK Inc.

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Baker Hughes Company

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Fluke Corporation

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Yokogawa Electric Corporation

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      WIKA Alexander Wiegand SE & Co. KG

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      Additel

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      Beamex Oy Ab

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      Calmet

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9      Spectris

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

14.        Appendix

14.1      About the Insight Partners

14.2      Word Index

LIST OF TABLES

Table 1.             Europe Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             Europe Instrument Calibrator Market, Revenue and Forecast To 2028 – By Country (US$ Mn)

Table 3.             Germany Instrument Calibrator Market, Revenue and Forecast to 2028 – By Product Type (US$ Mn)

Table 4.             Germany Instrument Calibrator Market, Revenue and Forecast to 2028 – By Modularity (US$ Mn)

Table 5.             Germany Instrument Calibrator Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Mn)

Table 6.             France Instrument Calibrator Market, Revenue and Forecast to 2028 – By Product Type (US$ Mn)

Table 7.             France Instrument Calibrator Market, Revenue and Forecast to 2028 – By Modularity (US$ Mn)

Table 8.             France Instrument Calibrator Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Mn)

Table 9.             Italy Instrument Calibrator Market, Revenue and Forecast to 2028 – By Product Type (US$ Mn)

Table 10.          Italy Instrument Calibrator Market, Revenue and Forecast to 2028 – By Modularity (US$ Mn)

Table 11.          Italy Instrument Calibrator Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Mn)

Table 12.          UK Instrument Calibrator Market, Revenue and Forecast to 2028 – By Product Type (US$ Mn)

Table 13.          UK Instrument Calibrator Market, Revenue and Forecast to 2028 – By Modularity (US$ Mn)

Table 14.          UK Instrument Calibrator Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Mn)

Table 15.          Russia Instrument Calibrator Market, Revenue and Forecast to 2028 – By Product Type (US$ Mn)

Table 16.          Russia Instrument Calibrator Market, Revenue and Forecast to 2028 – By Modularity (US$ Mn)

Table 17.          Russia Instrument Calibrator Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Mn)

Table 18.          Belgium Instrument Calibrator Market, Revenue and Forecast to 2028 – By Product Type (US$ Mn)

Table 19.          Belgium Instrument Calibrator Market, Revenue and Forecast to 2028 – By Modularity (US$ Mn)

Table 20.          Belgium Instrument Calibrator Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Mn)

Table 21.          Netherlands Instrument Calibrator Market, Revenue and Forecast to 2028 – By Product Type (US$ Mn)

Table 22.          Netherlands Instrument Calibrator Market, Revenue and Forecast to 2028 – By Modularity (US$ Mn)

Table 23.          Netherlands Instrument Calibrator Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Mn)

Table 24.          Rest of Europe Instrument Calibrator Market, Revenue and Forecast to 2028 – By Product Type (US$ Mn)

Table 25.          Rest of Europe Instrument Calibrator Market, Revenue and Forecast to 2028 – By Modularity (US$ Mn)

Table 26.          Rest of Europe Instrument Calibrator Market, Revenue and Forecast to 2028 – By Industry Vertical (US$ Mn)

Table 27.          Recent Inorganic Growth Strategies in the Instrument Calibrator Market

Table 28.          Recent Organic Growth Strategies in the Instrument Calibrator Market

Table 29.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe Instrument Calibrator Market Segmentation

Figure 2.           Europe Instrument Calibrator Market Segmentation – By Country

Figure 3.           Europe Instrument Calibrator Market Overview

Figure 4.           Pressure Calibrator Product Type Held the Largest Market Share in 2020

Figure 5.           Portable Modularity Held the Largest Market Share in 2020

Figure 6.           Germany was the Largest Revenue Contributor in 2020

Figure 7.           Europe – PEST Analysis

Figure 8.           Europe Instrument Calibrator Market– Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        Europe Instrument Calibrator Market: Impact Analysis of Drivers and Restraints

Figure 11.        Europe Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Europe Instrument Calibrator Market Revenue Breakdown, By Product Type, 2020 and 2028 (%)

Figure 13.        Europe Temperature Calibrator: Instrument Calibrator Market- Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Europe Pressure Calibrator: Instrument Calibrator Market- Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Europe Electrical Calibrator: Instrument Calibrator Market- Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Europe Multifunction Process Calibrator: Instrument Calibrator Market- Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Europe Instrument Calibrator Market Breakdown, By Modularity, 2020 and 2028 (%)

Figure 18.        Europe Benchtop: Instrument Calibrator Market- Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Europe Portable: Instrument Calibrator Market- Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Europe Instrument Calibrator Market Revenue Share, by Industry Vertical (2020 and 2028)

Figure 21.        Europe Pharmaceutical: Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Europe Automotive: Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Europe Aerospace and Defense: Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Europe Food and Beverages: Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Europe Electronics: Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Europe Oil and Gas: Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Europe Other Industries: Instrument Calibrator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Europe Instrument Calibrator Market, by Key Country - Revenue (2020) (US$ Mn)

Figure 29.        Europe Instrument Calibrator Market Breakdown, by Country, 2020 & 2028(%)

Figure 30.        Germany Instrument Calibrator Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 31.        France Instrument Calibrator Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 32.        Italy Instrument Calibrator Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 33.        UK Instrument Calibrator Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 34.        Russia Instrument Calibrator Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 35.        Belgium Instrument Calibrator Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 36.        Netherlands Instrument Calibrator Market, Revenue and Forecast to 2028 (US$ Mn)

Figure 37.        Rest of Europe Instrument Calibrator Market, Revenue and Forecast to 2028 (US$ Mn)

  1. Additel
  2. AMETEK Inc.
  3. Baker Hughes Company
  4. Beamex Oy Ab
  5. Calmet
  6. Fluke Corporation
  7. Spectris 
  8. WIKA Alexander Wiegand SE & Co. KG
  9. Yokogawa Electric Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe instrument calibrator market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe instrument calibrator market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the instrument calibrator market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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