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The global flow calibration equipment market is set to be worth US$ 4.2 Bn in 2022, and is forecast to surge to a market valuation of US$ 8.7 Bn by the end of 2032, expanding at a CAGR of around 7.7% over the same period.
Fact.MR, a market research and competitive intelligence provider, foresees thriving growth in demand for flow calibration equipment. A few decades ago, flow calibrator equipment systems were only used in vital industries such as oil & gas, aerospace, and defense. However, it has now become a key component in the current world of technology and electronics.
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Competitive Landscape
Companies are entering into collaborations and partnerships with end-use industries for regular recalibration. Owing to high frequency of recalibration, market players are able to leverage maintenance while witnessing consistency in demand.
Market participants are channelizing their resources and capital, focusing on lucrative end uses while trying to expand their customer base. All in all, a blend or organic and inorganic grow strategies is allowing companies to capture a significant market share in highly-competitive markets.
- ABB, in May 2021, incorporated power supply through Ethernet connectivity onboard the latest edition of its mass flow meter – CoriolisMaster and electromagnetic flow meter – ProcessMaster, opening a new chapter in industrial communication and instrumentation.
- In November 2021, Young Calibration Ltd announced its acquisition by NMi.
Key Companies Profiled:
- ABB ltd
- General Electric Company
- Emerson Electric Co
- Ametek Inc.
- Endress+Hauser
- Intertek Group plc
- Cross Co
- Keysight Technologies Inc.
- Transcat, Inc
- Essco Calibration Lab
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Key Segments :
- by Type:
- Calibration
- Recalibration
- by Flow Medium:
- Water Flow
- Liquid (Other than Water) Flow
- Air Flow
- Gas Flow
- by Flow Meter Type:
- Volume Flow Meters
- Differential Head Type
- Orifice Plates
- Venturi Meters
- Annubar
- Differential Area Type (Rotameters)
- Electromagnetic Flow Meters
- Ultrasonic Flow Meters
- Turbine Flow Meters
- Vortex Flow Meters
- Positive Displacement Meters
- Differential Head Type
- Volume Flow Meters
Questionnaire answered in the report include:
- How the industry has grown?
- What is the present and future outlook on the basis of region?
- What are the challenges and opportunities?
- Why the consumption in region?
- In which year segment is expected to overtake segment?
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