North America 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: TIPRE00024803 | Pages: 128 | Industry: Electronics and Semiconductor | Date: Sep 2021
Covid

Market Introduction

The North American region consists of the US, Canada, and Mexico. North America has a developed instrument calibrator market, and it is the most influential region in the world. Regulatory agencies in North America accept the need for precision in medical instruments, and thus regulatory criteria for instrument calibration have been established in North America Region. As per the FDA’s medical device calibration regulations, the medical device manufacturers must have systems in place that will offer clear guidance and limits in terms of precision and accuracy. Also, growing pharmaceutical, medical device, food and beverage industry in the region is likely to favor the growth of the market in North America during the forecast period.     

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.                  


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Market Overview and Dynamics

The instrument calibrator market in North America is expected to grow from US$ 349.67 million in 2021 to US$ 497.25 million by 2028; it is estimated to grow at a CAGR of 5.2% 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

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.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the instrument calibrator market in North America 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; Extech Instruments; Fluke Corporation; Spectris; WIKA Alexander Wiegand SE & Co. KG; and Yokogawa Electric Corporation.        

Reasons to buy report

  • To understand the North America 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 North America instrument calibrator market.
  • Efficiently plan M&A and partnership deals in North America 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 North America instrument calibrator market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Instrument Calibrator Market Segmentation

North America Instrument Calibrator Market - By Product Type

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

North America Instrument Calibrator Market - By Modularity

  • Benchtop
  • Portable

North America Instrument Calibrator Market - By Industry Vertical

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

North America Instrument Calibrator Market - By Country

  • US
  • Canada
  • Mexico

North America Instrument Calibrator Market - Company Profiles

  • Additel
  • AMETEK Inc.
  • Baker Hughes Company
  • Beamex Oy Ab
  • Calmet
  • Extech Instruments
  • 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        North America Instrument Calibrator Market – By Product Type

1.3.2        North America Instrument Calibrator Market – By Modularity

1.3.3        North America Instrument Calibrator Market – By Industry Vertical

1.3.4        North America Instrument Calibrator Market- By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Instrument Calibrator Market Landscape

4.1         Market Overview

4.2         North America PEST

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Instrument Calibrator Market – Key Market Dynamics

5.1         Key Market Drivers

5.1.1        Rising Need from Pharmaceuticals Industry

5.1.2        Aerospace & Defence Following Stringent Regulatory

5.1.3        Technological Enhancements and Affordability of Calibrators

5.2         Key Market Restraints

5.2.1        Instrument Calibrator Market Adopting Red Ocean Strategy

5.3         Key Market Opportunities

5.3.1        Useful Government Regulations and Technological Advancements

5.4         Future Trends

5.4.1        Instrument Calibration Services Witnessing New Developments

5.5         Impact analysis of Drivers and Restraints

6.           Instrument Calibrator Market – North America Analysis

6.1         North America Instrument Calibrator Market Overview

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

7.           North America Instrument Calibrator Market Analysis By Product Type

7.1         Overview

7.2         North America 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.           North America Instrument Calibrator Market Analysis– By Modularity

8.1         Overview

8.2         North America 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.           North America Instrument Calibrator Market – By Industry Vertical

9.1         Overview

9.2         North America 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.        North America Instrument Calibrator Market – Country Analysis

10.1      Overview

10.1.1     North America Instrument Calibrator Market Breakdown, by Country

10.1.1.1       US Instrument Calibrator Market, Revenue and Forecast to 2028

10.1.1.1.1       US Instrument Calibrator Market Breakdown, by Product Type

10.1.1.1.2       US Instrument Calibrator Market Breakdown, by Modularity

10.1.1.1.3       US Instrument Calibrator Market Breakdown, by Industry Vertical

10.1.1.2       Canada Instrument Calibrator Market, Revenue and Forecast to 2028

10.1.1.2.1       Canada Instrument Calibrator Market Breakdown, by Product Type

10.1.1.2.2       Canada Instrument Calibrator Market Breakdown, by Modularity

10.1.1.2.3       Canada Instrument Calibrator Market Breakdown, by Industry Vertical

10.1.1.3       Mexico Instrument Calibrator Market, Revenue and Forecast to 2028

10.1.1.3.1       Mexico Instrument Calibrator Market Breakdown, by Product Type

10.1.1.3.2       Mexico Instrument Calibrator Market Breakdown, by Modularity

10.1.1.3.3       Mexico Instrument Calibrator Market Breakdown, by Industry Vertical

11.        North America Instrument Calibrator Market- COVID-19 Impact Analysis

11.1      North America

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      Extech Instruments

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      Fluke 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      Yokogawa Electric Corporation

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      WIKA Alexander Wiegand SE & Co. KG

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      Additel

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      Beamex Oy Ab

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      Calmet

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

13.10   Spectris

13.10.1  Key Facts

13.10.2  Business Description

13.10.3  Products and Services

13.10.4  Financial Overview

13.10.5  SWOT Analysis

13.10.6  Key Developments

14.        Appendix

14.1      About the Insight Partners

14.2      Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

Table 12.          Recent Inorganic Growth Strategies in the Instrument Calibrator Market

Table 13.          Recent Organic Growth Strategies in the Instrument Calibrator Market

Table 14.          List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Instrument Calibrator Market Segmentation

Figure 2.           North America Instrument Calibrator Market Segmentation – By Country

Figure 3.           North America 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.           US was the Largest Revenue Contributor in 2020

Figure 7.           North America– PEST Analysis

Figure 8.           North America Instrument Calibrator Market– Ecosystem Analysis

Figure 9.           Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 33.        Impact of COVID-19 Pandemic in North American Countries

Figure 34.        Growth Strategies in the Instrument Calibrator Market

  1. Additel
  2. AMETEK Inc.
  3. Baker Hughes Company
  4. Beamex Oy Ab
  5. Calmet
  6. Extech Instruments
  7. Fluke Corporation
  8. Spectris 
  9. WIKA Alexander Wiegand SE & Co. KG
  10. Yokogawa Electric Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America instrument calibrator market
  • Highlights key business priorities in order to assist companies to realign their business strategies
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  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America 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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