Instrument Calibrator Market Size, Trends and Growth Analysis by 2027

The global market for instrument calibrators is projected to expand from US$ 1,277.57 million in 2021 to US$ 1,854.03 million by 2028, reflecting a compound annual growth rate (CAGR) of 5.5% during the period from 2021 to 2028.

Calibration involves the process of comparing the unknown values obtained from devices under test (DUT) against a known reference standard. In the realm of pharmaceutical manufacturing, adherence to stringent safety standards and regulations is paramount. This ensures that manufacturing processes are both consistent and reliable, which is essential for maintaining product purity and achieving the highest quality in end products, ultimately safeguarding patient health. Consequently, various pressure and temperature measurements, including local indicators (gauges), transmitters, and switches, are routinely utilized in these operations. Many of these measurements are conducted under challenging conditions, such as within autoclaves, centrifuges, and sonicators. For example, in the chemical sector, calibration is crucial for processes like curing coatings, vulcanizing rubber, and conducting hydrothermal synthesis, as well as in medical applications for sterilization purposes. Timely calibration of instruments, along with thorough and systematic documentation, is vital for ensuring that pharmaceutical products are manufactured in compliance with current good manufacturing practices (cGMPs). In instances of technical malfunctions, calibration data can provide insights into when and how errors occurred. Consequently, pharmaceutical regulatory bodies closely monitor the types of data collected and the intervals at which calibrations are performed.

Pharmaceutical companies require comprehensive calibration solutions that not only comply with industry regulations but also enhance efficiency and improve data integrity and quality standards. Regular calibration of various pharmaceutical equipment, including medical testing instruments, weather stations, thermistors, and furnaces, necessitates the use of temperature, pressure, and electrical calibrators. Thus, the pharmaceutical sector significantly contributes to the growth of the instrument calibrators market.

The instrument calibrator market is categorized based on product type, modularity, industry vertical, and geographical region. In terms of product type, the market is divided into temperature calibrators, pressure calibrators, electrical calibrators, and multifunction process calibrators. In 2020, the pressure calibrator segment dominated the market, holding the largest share. Regarding modularity, the market can be classified into benchtop and portable calibrators, with the portable segment capturing the largest market share in 2020. Additionally, the market is segmented by industry verticals, including automotive, aerospace and defense, electronics, food and beverage, pharmaceuticals, oil and gas, and other sectors. The other industries segment was the largest in terms of market share in 2020. Geographically, the market is divided into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM), with APAC holding a significant share of the global market in 2020.

The COVID-19 pandemic adversely affected the global instrument calibrator market in 2020. The outbreak led to the temporary shutdown of manufacturing processes worldwide as companies sought to mitigate the spread of the virus and adhere to social distancing guidelines mandated by local and federal authorities. This resulted in logistical challenges due to the closure of manufacturing facilities. However, as manufacturing activities resumed in the third quarter of 2020, the demand for instrument calibrators began to recover, allowing manufacturers to stabilize their overall revenue and cash flow.

The overall size of the instrument calibrator market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. This approach also aimed to provide an overview and forecast of the instrument calibrator market across all segments. Furthermore, primary interviews were conducted with industry participants and commentators to validate the data and gain deeper analytical insights. Participants included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the instrument calibrator market.

Key players in the instrument calibrator market include AMETEK Inc., Baker Hughes Company, Extech Instruments, Fluke Corporation, Yokogawa Electric Corporation, WIKA Alexander Wiegand SE & Co. KG, Additel, Beamex Oy Ab, Calmet, and Spectris.