The global voltage calibrator market is expected to grow at a CAGR of 6.49% over the forecast period from 2018 to 2023, according to the latest research report published by Market Research Future (MRFR). The MRFR report provides a comprehensive overview of the global voltage calibrators market, including a detailed analysis of the market’s leading drivers and restraints, key players, and leading segments.
Voltage calibrators are used in measuring and testing applications for new wiring and electrical systems. The growing demand from the utilities sector is likely to be a major driver for the global voltage calibrator market over the forecast period. The utilities sector has the highest consumption of voltage calibrators due to the need to maintain the proper voltage across the power generation and distribution architecture. The growing demand for the renovation of power distribution infrastructure in developed countries is also likely to be a major driver for the global voltage calibrators market over the forecast period.
The growing semiconductors industry is also likely to be a key driver for the global voltage calibrators market over the forecast period. The semiconductors industry uses voltage calibrators on a large scale in the production of chips and other products where tolerances can be low and voltage regulation may play a key part in ensuring product longevity.
Competitive Analysis:
Leading players in the global voltage calibrators market include Engie Laborelec, Powerpoint Engineering Ltd., Schweitzer Engineering Laboratories Inc., General Electric Company, Fluke Corporation, Nagman, Practical Instrument Electronics Inc., Calibrators Inc., Valhalla Scientific Inc., Yokogawa Test & Measurement Corporation, AOIP, REED Instruments, PCE Holding GmbH, Extech Instruments, and Time Electronics Ltd. Leading players in the global voltage calibrators market are expected to engage in significant product development in the coming years as the demand for voltage calibrators grows steadily.
Industry Updates:
In March 2018, GAOTek introduced a new process calibrator for on-site testing and calibration.
Segmentation:
The global voltage calibrator market is segmented on the basis of type, component, end user, vertical, and region.
By type, the global voltage calibrator market is segmented into handheld and bench type. Bench type voltage calibrators are likely to be the dominant segment in the global voltage calibrators market over the forecast period due to the growing demand for precise measurement and calibration in the electronics manufacturing sector. While handheld voltage calibrators offer greater portability, bench type voltage calibrators are likely to dominate the global voltage calibrators market over the forecast period due to their growing demand in the consumer electronics market.
By component, the global voltage calibrator market is segmented into product and services. The product segment dominates the global voltage calibrator market; however, the services segment is expected to exhibit a higher CAGR over the forecast period as the demand for aftersales and maintenance services grows over time.
By end user, the global voltage calibrator market is segmented into research and field.
By vertical, the global voltage calibrator market is segmented into telecommunication and IT, semiconductor, healthcare and pharmaceutical, aerospace and defense, utilities, and others. The utilities segment is expected to be the major cash cow for the global voltage calibrator market over the forecast period due to the growing demand for voltage calibrators in grid refurbishment projects.
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The Voltage Calibrator Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global voltage calibrator market are AOIP, Calibrators Inc., East Hills Instruments, FLIR Systems , Fluke, Nagman, Omega, PCE Holding, Practical Instrument Electronics, Time Electronics, and Yokogawa Test & Measurement.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Voltage Calibrator Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/voltage-calibrator-market/download-sampleMarket DynamicsThe increasing adoption of voltage calibrators in power industry owing to their use in semiconductors for measuring and testing is driving the market growth.
Moreover, increasing research and developments regarding voltage calibrator is further fueling the market value.
Whereas, growing demand from other end-use industries such as automotive, aerospace and defense, and others owing to its reliability and product quality is further expected to boost market demand over the forecast period.The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity.
Market HighlightsAmong the verticals telecommunication and IT, healthcare and pharmaceutical, aerospace and defense, and others; the utilities as well as the semiconductor vertical is expected to have larger market shares.
These verticals are expected to expand at highest CAGR during the forecast period as the demand for voltage calibrator devices is highest in these verticals.Key PlayersThe key players in the voltage calibrator market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise.
Some of them are— Time Electronics Ltd. (UK), Extech Instruments (US), PCE Holding GmbH (Germany), REED Instruments (US), AOIP (France), Yokogawa Test & Measurement Corporation (Japan), Valhalla Scientific Inc. (US), Calibrators Inc. (US), Practical Instrument Electronics, Inc.(US), Nagman (India), Fluke Corporation (US), General Electric Company (US), Schweitzer Engineering Laboratories, Inc. (US), Powerpoint Engineering Ltd (Ireland), and ENGIE LABORELEC (Belgium).Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/7379Regional AnalysisThe global voltage calibrator market is expected to grow at a CAGR of 6.49% during the forecast period.
The geographical analysis of voltage calibrator market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).North America holds the largest market share and is expected to continue this dominance during the forecast period.
North America has highly developed Semiconductor sector and Utility sector in countries like the US and Canada, which boosts adoption of voltage calibrator device.
Many manufacturers are based in the US.
Voltage Calibrator MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Voltage Calibrator Market.
The growth sectors of the Voltage Calibrator Market are identified with precision for a better growth perspective.The global voltage calibrator market is poised to have a favorable growth at 6.49% CAGR over the predicted years (2018-2023).
It is being widely used across different industry verticals including semiconductors, aerospace and defense, automotive and others as it ensures product quality and reliability.
These calibrators require after sale services namely repair, recalibration and maintenance services which retains the voltage calibration’s integrity thereby allowing a smooth and hassle-free functioning of many applications.There are ample factors that is boosting the growth of the voltage calibrator market.
These factors as stated by the Market Research Future (MRFR) report include growing consumer demand for power-efficient and smart devices, various benefits that it offers such as reliability, durability, lightweight and high-performance, increasing use of voltage calibrators in various electronic device manufacturing process, increasing distributor networks across the globe that offer voltage calibrators to various end-users and growing significance of electronic calibration for getting higher quality product.
On the contrary, soaring initial investment of voltage and current calibrators is likely to impede the growth of the voltage calibrator market over the predicted years.Market SegmentationMRFR report offers a wide segmental analysis of the voltage calibrator market on the basis of component, type, vertical and end user.Based on type the voltage calibrator market is segmented into bench type and handheld.
