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