According to Fact.MR, a market research and competitive intelligence firm, the global electrical calibration equipment market is projected to be valued at US$ 2.4 billion in 2023 and is expected to grow at a CAGR of 5.6% during the forecast period from 2022 to 2032.

Electrical and electronics products must comply with various certifications and standards, such as ISO, NFPA, IEC, CENELEC, and ANSI, depending on the product specifications and regional regulations. Ensuring the proper functioning of electrical components and accessories is crucial for the safe operation of energy-using products and appliances.

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To meet these standards, products undergo rigorous testing in certified laboratories using electrical calibration equipment. This process not only ensures compliance with safety standards but also enhances the profitability and global market potential of companies by satisfying customer requirements.

Stringent government regulations further necessitate that industry players maintain the accuracy of their testing and measurement equipment. Governments often support industries through subsidies and regulations to ensure operational sustainability. These regulations are designed to maintain high standards in the electrical calibration equipment market, ensuring consistent and reliable operations.

Key Takeaways from Market Study

  • The global electrical calibration equipment market is projected to expand at an impressive CAGR of 5.6% and reach US$ 4.2 billion by 2033.
  • The market witnessed 0.9% CAGR for the period of 2018-2022.
  • Under device type, multimeters are predicted to dominate the market and be valued at US$ 408.6 million in 2023.
  • The U.S. is expected to dominate the market share in North America by accounting for 89.9% in 2023.
  • Benched electrical calibration equipment is likely to represent 80% market share in 2023.
  • Precision source electrical calibration equipment, under the precision device segment, is predicted to reach a market valuation of US$ 1.8 billion in 2023.

“Consistent demand for maintenance & repair of systems to provide consistent revenue for manufacturers,” says a Fact.MR analyst.

Segments of Electrical Calibration Equipment Industry Research

  • By Device Type :
    • Ammeters
    • Multifunction Testers
    • Capacitance Meters
    • Multimeters
    • Insulation Testers
    • Oscilloscopes
    • Signal Generators
    • Power Analyzers
    • Chart Recorders & Data Loggers
    • Clamp Meters
    • Loop & Earth Testers
    • Socket Testers
    • Milliohm & Microhm Meters
    • Volt Sticks & Detectors
    • Others
  • By Principal Parameter:
    • Voltage
    • Current
    • Resistance
    • Inductance
    • Capacitance
    • Time
    • Frequency
    • Others

  • By Precision Device :

    • Precision Source
    • Precision Measurement

  • By Portability :

    • Benched
    • Portable / Handheld

  • By End-use Vertical :

    • Aerospace & Defense
    • Automotive
    • Electrical & Electronics
    • Industrial Manufacturing
    • IT & Telecommunication
    • Laboratories & Institutes
    • Oil & Gas And Petrochemicals
    • Pharmaceuticals
    • Power & Energy
    • Others

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Market Development

Companies are continually enhancing their products to achieve greater precision and accuracy. As technological advancements drive innovation, suppliers of electrical calibration equipment are poised for significant growth.

One notable development is from Keysight Technologies, a leading market player. This year, Keysight introduced a new vector signal generator featuring four channels and a frequency range up to 54 GHz. It offers a maximum radio frequency bandwidth of 5 GHz and low phase noise within a single instrument. Designed for testing applications such as 5G mobile communications and 6G research, the device supports a broad frequency range, including millimeter-wave spectrum. It simplifies test system setup, enabling accurate and repeatable multichannel measurements.

Similarly, Fluke Corporation, a major manufacturer in the electrical calibration sector, launched the world’s first IP 54 rated 1500 V CAT III thin jaw clamp meter last year. This meter is designed for high safety in DC environments up to 1500 volts, including applications in electric railways, solar arrays, and wind power systems. It measures up to 1000 V AC, 1500 V DC, and 999.9 A DC or AC. The iFlex probe allows measurements in tight spaces, addressing challenges faced by solar technicians in high-voltage DC environments.

Key Companies Profiled

  • Additel Corporation
  • AEMC
  • Extech Instruments
  • Fluke Corporation
  • Keysight Technologies Inc
  • Mastech
  • Meatest
  • Megger
  • TEKTRONIX, INC.
  • Time Electronics Ltd
  • Transmille Ltd
  • WIKA Instruments India Pvt. Ltd.

Read More: https://www.factmr.com/report/electrical-calibration-equipment-market

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global electrical calibration equipment market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of device type (ammeters, multifunction testers, capacitance meters, multimeters, insulation testers, oscilloscopes, signal generators, power analysers, chart recorders & data loggers, clamp meters, loop & earth testers, socket testers, milliohm & microhm meters, volt sticks & detectors, others), principal parameter (voltage, current, resistance, inductance, capacitance, time, frequency, others), precision device (precision source, precision measurement), portability (benched portable/handheld), and end-use vertical (aerospace & defense, automotive, electrical & electronics, industrial manufacturing, IT & telecommunication, laboratories & institutes, oil & gas and petrochemicals, pharmaceuticals, power & energy, others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).

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