Voltage Calibrator Market Research Report – Global Forecast till 2027

Voltage Calibrator Market Research Report Information, —By Type (Handheld, Bench type), Component (Product, Services), End User (Research, Field), Vertical (Telecommunication & IT, Semiconductor, Government & Defense) – Forecast till 2027

ID: MRFR/SEM/5910-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis


The global voltage calibrator market is expected to grow at a CAGR of 6.49% during the forecast period


The voltage calibrator device is used for basic measuring, testing; and regulation techniques for setting and verifying test installations and instrumentation. The major factors that contribute to the market growth is the increased adoption of these devices in the utilities sector. The power industry has the largest demand for the voltage calibrator devices. Along with this, the upgradation of aged distribution networks require voltage calibrator devices. The old distribution networks are being replaced or improved constantly by new network which will boost the demand for these devices.


Semiconductor vertical is expected to be the second largest market contributor. The vertical is expected to grow with the highest CAGR during the forecast period. Semiconductor manufacturers make use of voltage calibrators for producing highly advanced and innovative chips and other products. Voltage calibrators confirm the reliability and quality of the product being manufactured. These devices are needed as the semiconductor manufacturing process is highly complex and requires high cost.


The bench type voltage calibrator segment is expected to witness higher market share than handheld type in the forcast period. This is because of the greater demand across the electronic manufacturing industry across the globe. The bench type voltage calibrator devices are used for precise calibration testing in research laboratory or off-site environment. These are also used calibrate and provide linearity of electronic voltmeters, data loggers, chart recorders and others. These devices offer extra features for high reliability and accuracy, which are not present in handheld voltage calibrator. The handheld segment is expected to grow at the higher CAGR during the forecast period. These are more portable and weigh less than the bench type voltage calibrator. These can be easily carried to the field of work and also be used in the research laboratories.


Between the component segments, the product segment is expected to have a greater market size than the services segment. The cost of the voltage calibrator device is high, thus this segment is large. The services segment is expected to grow at a higher CAGR as the need for after sales services and maintenance services is expected to grow in the future.


Segmentation


The global voltage calibrator market is segmented into type, component, end user, vertical and region/country.


By type, the global voltage calibrator market is segmented into handheld and bench type.


By component, the global voltage calibrator market is segmented into product and services.


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.


By region, the global Voltage calibrator market is segmented into North America, Europe, Asia-Pacific, and rest of the world.


Regional analysis


The global market for voltage calibrator 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).


Among the regions mentioned, North America is anticipated to have the largest market share during the forecast period. The US occupies nearly 80%-85% share in the region as most of the leading vendors are headquartered here with strong customer base. These include companies such as REED Instruments, Extech Instruments, Valhalla Scientific Inc., Practical Instrument Electronics, Inc., Calibrators Inc., Fluke Corporation, General Electric Company, and Schweitzer Engineering Laboratories, Inc. Furthermore, North America has a higher adoption of voltage calibrators due to continuously rising electronic manufacturing and semiconductor industry across the region. The market size of APAC is estimated to grow at the highest CAGR from 2018-2023, followed by Europe.


Key Players


The 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). Majority of these companies are based in US and Europe.


Intended Audience



  • Government Agencies

  • Voltage calibrator device providers

  • System Integrators

  • Research Institutes and Organizations

  • Technology Standards Organizations

  • Venture capitalist/angel investors



Report Scope:
Report Attribute/Metric Details
  Market Size   Significant Value
  CAGR   6.49%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Component, End User, Vertical
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   Continuously rising electronic manufacturing and semiconductor industry.
  Key Market Drivers

  • Increased adoption of these devices in the utilities sector.
  • The upgradation of aged distribution networks require voltage calibrator devices.


  • Frequently Asked Questions (FAQ) :


    The voltage calibrator market is assessed to register 6.49% CAGR.

    By vertical, the segments profiled in the assessment are utilities, telecommunication and IT, healthcare and pharmaceutical, semiconductor, aerospace and defense, and others.

    By vertical, the semiconductor segment is projected to mark the highest growth rate.

    The segments of the market, by type, are handheld and bench type.

    The U.S. is assessed to lead the North America voltage calibrator market.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.3 Research Objectives

    2.4 Markets Structure

    3 Research Methodology

    4 Market Dynamics

    4.1 Market Drivers

    4.1.1 Upgradation of aged distribution networks

    4.1.2 Increased adoption in Semiconductor

    4.2 Market Restraints

    4.2.1 High initial investment

    4.3 Market Opportunities

    4.3.1 Increasing adoption in APAC

    4.4 Porter’s Five Forces Analysis

    4.4.1 Threat of New Entrants

    4.4.2 Bargaining Power of Buyers

    4.4.3 Threat of Substitutes

    4.4.4 Segment Rivalry

    4.4.5 Bargaining Power of Suppliers

    4.5 Government/Industry Norms and Regulations

    5 Global Voltage Calibrator Market, by Type

    5.1 Introduction

    5.2 Handheld

    5.2.1 Market Estimates & Forecast, 2020–2027

    5.2.2 Market Estimates & Forecast, by Region, 2020–2027

    5.3 Bench Type

    5.3.1.1 Market Estimates & Forecast, 2020–2027

    5.3.1.2 Market Estimates & Forecast, by Region, 2020–2027

    6 Global Voltage Calibrator Market, by Component

    6.1 Introduction

    6.2 Product

    6.2.1 Market Estimates & Forecast, 2020–2027

    6.2.2 Market Estimates & Forecast, by Region, 2020–2027

    6.3 Services

    6.3.1 Market Estimates & Forecast, 2020–2027

    6.3.2 Market Estimates & Forecast, by Region, 2020–2027

    7 Global Voltage Calibrator Market, by End User

    7.1 Introduction

    7.2 Research

    7.2.1 Market Estimates & Forecast, 2020–2027

    7.2.2 Market Estimates & Forecast, by Region, 2020–2027

    7.3 Field

    7.3.1 Market Estimates & Forecast, 2020–2027

    7.3.2 Market Estimates & Forecast, by Region, 2020–2027

    8 Global Voltage Calibrator Market, by Vertical

    8.1 Introduction

    8.2 Telecommunication and IT

    8.2.1 Market Estimates & Forecast, 2020–2027 (USD Million)

    8.2.2 Market Estimates & Forecast by region/country, 2020–2027 (USD Million)

    8.3 Aerospace and Defense

    8.3.1 Market Estimates & Forecast, 2020–2027 (USD Million)

    8.3.2 Market Estimates & Forecast by region/country, 2020–2027 (USD Million)

    8.4 Healthcare and Pharmaceutical

    8.4.1 Market Estimates & Forecast, 2020–2027 (USD Million)

    8.4.2 Market Estimates & Forecast by region/country, 2020–2027 (USD Million)

    8.5 Semiconductor

    8.5.1 Market Estimates & Forecast, 2020–2027 (USD Million)

    8.5.2 Market Estimates & Forecast by region/country, 2020–2027 (USD Million)

    8.6 Utilities

    8.6.1 Market Estimates & Forecast, 2020–2027 (USD Million)

    8.6.2 Market Estimates & Forecast by region/country, 2020–2027 (USD Million)

    8.7 Others

    8.7.1 Market Estimates & Forecast, 2020–2027 (USD Million)

    8.7.2 Market Estimates & Forecast by region/country, 2020–2027 (USD Million)

    9 Global Voltage Calibrator Market, by Region

    9.1 Introduction

    9.2 North America

    9.2.1 Market Estimates & Forecast, by Country, 2020–2027

    9.2.2 Market Estimates & Forecast, by Type, 2020–2027

    9.2.3 Market Estimates & Forecast, by Component, 2020–2027

    9.2.4 Market Estimates & Forecast, by End User, 2020–2027

    9.2.5 Market Estimates & Forecast, by Vertical, 2020–2027

    9.2.6 US

    9.2.6.1 Market Estimates & Forecast, by Type, 2020–2027

    9.2.6.2 Market Estimates & Forecast, by Component, 2020–2027

    9.2.6.3 Market Estimates & Forecast, by End User, 2020–2027

    9.2.6.4 Market Estimates & Forecast, by Vertical, 2020–2027

    9.2.7 Mexico

    9.2.7.1 Market Estimates & Forecast, by Type, 2020–2027

    9.2.7.2 Market Estimates & Forecast, by Component, 2020–2027

    9.2.7.3 Market Estimates & Forecast, by End User, 2020–2027

    9.2.7.4 Market Estimates & Forecast, by Vertical, 2020–2027

    9.2.8 Canada

    9.2.8.1 Market Estimates & Forecast, by Type, 2020–2027

    9.2.8.2 Market Estimates & Forecast, by Component, 2020–2027

    9.2.8.3 Market Estimates & Forecast, by End User, 2020–2027

    9.2.8.4 Market Estimates & Forecast, by Vertical, 2020–2027

    9.3 Europe

    9.3.1 Market Estimates & Forecast, by Country, 2020–2027

    9.3.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.3 Market Estimates & Forecast, by Component, 2020–2027

    9.3.4 Market Estimates & Forecast, by End User, 2020–2027

    9.3.5 Market Estimates & Forecast, by Vertical, 2020–2027

    9.3.6 Germany

    9.3.6.1 Market Estimates & Forecast, by Type, 2020–2027

    9.3.6.2 Market Estimates & Forecast, by Component, 2020–2027

    9.3.6.3 Market Estimates & Forecast, by End User, 2020–2027

    9.3.6.4 Market Estimates & Forecast, by Vertical, 2020–2027

    9.3.7 France

    9.3.7.1 Market Estimates & Forecast, by Type, 2020–2027

    9.3.7.2 Market Estimates & Forecast, by Component, 2020–2027

    9.3.7.3 Market Estimates & Forecast, by End User, 2020–2027

    9.3.7.4 Market Estimates & Forecast, by Vertical, 2020–2027

    9.3.8 UK

    9.3.8.1 Market Estimates & Forecast, by Type, 2020–2027

    9.3.8.2 Market Estimates & Forecast, by Component, 2020–2027

    9.3.8.3 Market Estimates & Forecast, by End User, 2020–2027

    9.3.8.4 Market Estimates & Forecast, by Vertical, 2020–2027

    9.3.9 Rest of Europe

    9.3.9.1 Market Estimates & Forecast, by Type, 2020–2027

    9.3.9.2 Market Estimates & Forecast, by Component, 2020–2027

    9.3.9.3 Market Estimates & Forecast, by End User, 2020–2027

    9.3.9.4 Market Estimates & Forecast, by Vertical, 2020–2027

    9.4 Asia-Pacific

    9.4.1 Market Estimates & Forecast, by Country, 2020–2027

    9.4.1.1 Market Estimates & Forecast, by Type, 2020–2027

    9.4.1.2 Market Estimates & Forecast, by Component, 2020–2027

    9.4.1.3 Market Estimates & Forecast, by End User, 2020–2027

    9.4.1.4 Market Estimates & Forecast, by Vertical, 2020–2027

    9.4.2 China

    9.4.2.1 Market Estimates & Forecast, by Type, 2020–2027

    9.4.2.2 Market Estimates & Forecast, by Component, 2020–2027

    9.4.2.3 Market Estimates & Forecast, by End User, 2020–2027

    9.4.2.4 Market Estimates & Forecast, by Vertical, 2020–2027

    9.4.3 India

    9.4.3.1 Market Estimates & Forecast, by Type, 2020–2027

    9.4.3.2 Market Estimates & Forecast, by Component, 2020–2027

    9.4.3.3 Market Estimates & Forecast, by End User, 2020–2027

    9.4.3.4 Market Estimates & Forecast, by Vertical, 2020–2027

    9.4.4 Japan

    9.4.4.1 Market Estimates & Forecast, by Type, 2020–2027

    9.4.4.2 Market Estimates & Forecast, by Component, 2020–2027

    9.4.4.3 Market Estimates & Forecast, by End User, 2020–2027

    9.4.4.4 Market Estimates & Forecast, by Vertical, 2020–2027

    9.4.5 Rest of Asia-Pacific

    9.4.5.1 Market Estimates & Forecast, by Type, 2020–2027

    9.4.5.2 Market Estimates & Forecast, by Component, 2020–2027

    9.4.5.3 Market Estimates & Forecast, by End User, 2020–2027

    9.4.5.4 Market Estimates & Forecast, by Vertical, 2020–2027

    9.5 Rest of the World

    9.5.1 Market Estimates & Forecast, by Country, 2020–2027

    9.5.2 Market Estimates & Forecast, by Type, 2020–2027

    9.5.3 Market Estimates & Forecast, by Component, 2020–2027

    9.5.4 Market Estimates & Forecast, by End User, 2020–2027

    9.5.5 Market Estimates & Forecast, by Vertical, 2020–2027

    9.5.6 Middle East & Africa

    9.5.6.1 Market Estimates & Forecast, by Type, 2020–2027

    9.5.6.2 Market Estimates & Forecast, by Component, 2020–2027

    9.5.6.3 Market Estimates & Forecast, by End User, 2020–2027

    9.5.6.4 Market Estimates & Forecast, by Vertical, 2020–2027

    9.5.7 South America

    9.5.7.1 Market Estimates & Forecast, by Type, 2020–2027

    9.5.7.2 Market Estimates & Forecast, by Component, 2020–2027

    9.5.7.3 Market Estimates & Forecast, by End User, 2020–2027

    9.5.7.4 Market Estimates & Forecast, by Vertical, 2020–2027

    10 Competitive Landscape

    10.1 Key Players Market Share Analysis, 2020/2020 (%)

    10.2 Competitive Benchmarking

    10.3 Key Developments Analysis, 2020/2020

    10.3.1 Mergers & Acquisition

    10.3.2 Product Developments

    10.3.3 Business Expansion

    10.3.4 Partnerships & Collaborations

    10.3.5 Agreements

    11 Company Profiles

    11.1 Time Electronics Ltd.

    11.1.1 Company Overview

    11.1.2 Product/Business Segment Overview

    11.1.3 Financial Updates

    11.1.4 Key Developments

    11.1.5 SWOT Analysis

    11.1.6 Key Strategy

    11.2 Extech Instruments

    11.2.1 Company Overview

    11.2.2 Product/Business Segment Overview

    11.2.3 Financial Updates

    11.2.4 Key Developments

    11.2.5 SWOT Analysis

    11.2.6 Key Strategy

    11.3 Powerpoint Engineering Ltd.

    11.3.1 Company Overview

    11.3.2 Product/Business Segment Overview

    11.3.3 Financial Updates

    11.3.4 Key Developments

    11.3.5 SWOT Analysis

    11.3.6 Key Strategy

    11.4 Schweitzer Engineering Laboratories, Inc.

    11.4.1 Company Overview

    11.4.2 Product/Business Segment Overview

    11.4.3 Financial Updates

    11.4.4 Key Developments

    11.4.5 SWOT Analysis

    11.4.6 Key Strategy

    11.5 General Electric Company

    11.5.1 Company Overview

    11.5.2 Product/Business Segment Overview

    11.5.3 Financial Updates

    11.5.4 Key Developments

    11.5.5 SWOT Analysis

    11.5.6 Key Strategy

    11.6 Fluke Corporation

    11.6.1 Company Overview

    11.6.2 Product/Business Segment Overview

    11.6.3 Financial Updates

    11.6.4 Key Developments

    11.6.5 SWOT Analysis

    11.6.6 Key Strategy

    11.7 Nagman

    11.7.1 Company Overview

    11.7.2 Product/Business Segment Overview

    11.7.3 Financial Updates

    11.7.4 Key Developments

    11.7.5 SWOT Analysis

    11.7.6 Key Strategy

    11.8 Practical Instrument Electronics, Inc.

    11.8.1 Company Overview

    11.8.2 Product/Business Segment Overview

    11.8.3 Financial Updates

    11.8.4 Key Developments

    11.8.5 SWOT Analysis

    11.8.6 Key Strategy

    11.9 Calibrators Inc.

    11.9.1 Company Overview

    11.9.2 Product/Business Segment Overview

    11.9.3 Financial Updates

    11.9.4 Key Developments

    11.9.5 SWOT Analysis

    11.9.6 Key Strategy

    11.10 Valhalla Scientific Inc.

    11.10.1 Company Overview

    11.10.2 Product/Business Segment Overview

    11.10.3 Financial Updates

    11.10.4 Key Developments

    11.10.5 SWOT Analysis

    11.10.6 Key Strategy

    11.11 Yokogawa Test & Measurement Corporation

    11.11.1 Company Overview

    11.11.2 Product/Business Segment Overview

    11.11.3 Financial Updates

    11.11.4 Key Developments

    11.11.5 SWOT Analysis

    11.11.6 Key Strategy

    11.12 AOIP

    11.12.1 Company Overview

    11.12.2 Product/Business Segment Overview

    11.12.3 Financial Updates

    11.12.4 Key Developments

    11.12.5 SWOT Analysis

    11.12.6 Key Strategy

    11.13 REED Instruments

    11.13.1 Company Overview

    11.13.2 Product/Business Segment Overview

    11.13.3 Financial Updates

    11.13.4 Key Developments

    11.13.5 SWOT Analysis

    11.13.6 Key Strategy

    11.14 PCE Holding GmbH

    11.14.1 Company Overview

    11.14.2 Product/Business Segment Overview

    11.14.3 Financial Updates

    11.14.4 Key Developments

    11.14.5 SWOT Analysis

    11.14.6 Key Strategy

    11.15 ENGIE LABORELEC (Belgium)

    11.15.1 Company Overview

    11.15.2 Product/Business Segment Overview

    11.15.3 Financial Updates

    11.15.4 Key Developments

    11.15.5 SWOT Analysis

    11.15.6 Key Strategy

    12 Conclusion/Recommendations


    LIST OF TABLES

    Table 1 Global Voltage Calibrator Market, by Region, 2020–2027

    Table 2 North America: Global Voltage Calibrator Market, by Country, 2020–2027

    Table 3 Europe: Global Voltage Calibrator Market, by Country, 2020–2027

    Table 4 Asia-Pacific: Global Voltage Calibrator Market, by Country, 2020–2027

    Table 5 Rest of the World: Global Voltage Calibrator Market, by Country, 2020–2027

    Table 6 North America: Global Voltage Calibrator Type Market, by Country, 2020–2027

    Table 7 Europe: Global Voltage Calibrator Type Market, by Country, 2020–2027

    Table 8 Asia-Pacific: Global Voltage Calibrator Type Market, by Country, 2020–2027

    Table 9 Rest of the World: Global Voltage Calibrator Type Market, by Country, 2020–2027

    Table 10 Global Voltage Calibrator Type Market, by Region, 2020–2027

    Table 11 North America: Global Voltage Calibrator Component Market, by Country, 2020–2027

    Table 12 Europe: Global Voltage Calibrator Component Market, by Country, 2020–2027

    Table 13 Asia-Pacific: Global Voltage Calibrator Component Market, by Country, 2020–2027

    Table 14 Rest of the World: Global Voltage Calibrator Component Market, by Country, 2020–2027

    Table 15 Global Voltage Calibrator End User Market, by Region, 2020–2027

    Table 16 North America: Global Voltage Calibrator End User Market, by Country, 2020–2027

    Table 17 Europe: Global Voltage Calibrator End User Market, by Country, 2020–2027

    Table 18 Asia-Pacific: Global Voltage Calibrator End User Market, by Country, 2020–2027

    Table 19 Rest of the World: Global Voltage Calibrator End User Market, by Country, 2020–2027

    Table 20 Global Voltage Calibrator Vertical Market, by Region, 2020–2027

    Table 21 North America: Global Voltage Calibrator Vertical Market, by Country, 2020–2027

    Table 22 Europe: Global Voltage Calibrator Vertical Market, by Country, 2020–2027

    Table 23 Asia-Pacific: Global Voltage Calibrator Vertical Market, by Country, 2020–2027

    Table 24 Rest of the World: Global Voltage Calibrator Vertical Market, by Country, 2020–2027


    LIST OF FIGURES

    FIGURE 1 Global Voltage Calibrator Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis of Global Voltage Calibrator Market

    FIGURE 4 Value Chain/supply chain of Global Voltage Calibrator Market

    FIGURE 5 Share of Global Voltage Calibrator Market in 2020, by Country (in %)

    FIGURE 6 Global Voltage Calibrator Market, 2020–2027

    FIGURE 7 Sub-segments of Type

    FIGURE 8 Global Voltage Calibrator Market Size, by Type, 2020

    FIGURE 9 Share of Global Voltage Calibrator Market, by Type, 2020 to 2027

    FIGURE 10 Global Voltage Calibrator Market Size, by Component, 2020

    FIGURE 11 Share of Global Voltage Calibrator Market, by Component, 2020 to 2027

    FIGURE 12 Global Voltage Calibrator Market Size, by End User, 2020

    FIGURE 13 Share of Global Voltage Calibrator Market, by End User, 2020 to 2027

    FIGURE 14 Global Voltage Calibrator Market Size, by Vertical, 2020

    FIGURE 15 Share of Global Voltage Calibrator Market, by Vertical, 2020 to 2027