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Global Field Devices Calibration Services Market 2017-2021

Global Field Devices Calibration Services Market 2017-2021

About Field Devices Calibration Services

Calibration is a service carried out to compare the performance of a field device/instrument against the standard specifications. It identifies the fault of the instrument, reduces the downtime of an instrument, and enhances productivity. Calibration services are one of the most important services under instrumentation services, as they are a must for testing and maintenance devices. These services help to maintain precision and accuracy of devices, and record and rectify the deviations in performance from standard specifications.

Technavio’s analysts forecast the global field devices calibration services market to grow at a CAGR of 6.19% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global field devices calibration services market for 2017-2021. To calculate the market size, the report considers new installations of calibrators and calibration services of field devices.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Field Devices Calibration Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Endress+Hauser
  • Exova
  • Siemens
  • Yokogawa
Other prominent vendors
  • Honeywell
  • Keysight Technologies
  • Transcat
  • Thermo Fisher Scientific
  • Rohde & Schwarz
  • Branom Instrument
  • Rockwell Automation
Market driver
  • Maximize production yield
  • For a full, detailed list, view our report
Market challenge
  • Loss of industrial productivity during device calibration
  • For a full, detailed list, view our report
Market trend
  • Shift from periodic to predictive calibration
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Field Devices Calibration Services Market 2017-2021

Technavio recognizes the following companies as the key players in the global field devices calibration services market: ABB, Endress+Hauser, Exova, Siemens, and Yokogawa.

Other Prominent Vendors in the market are: Honeywell, Keysight Technologies, Transcat, Thermo Fisher Scientific, Rohde & Schwarz, Branom Instrument, Rockwell Automation.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is shift from periodic to predictive calibration. In the process industries, there is a major need to maintain accuracy in the operational process, thereby leading to a high demand for calibration of instruments in the industry. Initially, there were instrument shops that offered calibrating and repairing instruments, with tools such as black body devices, dead weight testers, and handheld instruments to calibrate instruments in the field.”

According to the report, one driver in the market is maximize production yield. Calibration is a necessary process required for the safety of production and product's final quality. The continuous need for maintaining quality in terms of production in industries enforces the maintenance of a proper schedule for calibrating instruments. Industries need to adhere to many factors to maintain the benchmark quality set by accrediting bodies, regulatory agencies, quality programs, and auditors. All these factors add up to a higher demand for calibration services on the factory floor. The implementation of these services will have a major impact on the production in the industry.

Further, the report states that one challenge in the market is loss of industrial productivity during device calibration. Calibration services can cause downtime of the equipment, which may lead to the reduction of productivity and profit earning. These instrumentation services performed throughout the production plant can cause a halt in the industrial operation and cause a loss of revenue. In addition, if improper calibration is performed, it can lead to a delay in the manufacturing of their product. The time can exceed the original schedule, and the yield may get lower than the benchmarked parameters.

Companies Mentioned

ABB, Endress+Hauser, Exova, Siemens, Yokogawa, Honeywell, Keysight Technologies, Transcat, Thermo Fisher Scientific, Rohde & Schwarz, Branom Instrument, Rockwell Automation.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table The instrumentation services application
      • Table Benefits of calibration
  • Market landscape
    • Market overview
      • Table Global field devices calibration services market segmentation
    • Market size and forecast
      • Table Global field devices calibration services market 2016-2021 ($ millions)
      • Table Factors affecting need of calibration services
      • Table Value chain analysis
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Market overview
      • Table Global field devices calibration services market segmentation by type 2016 and 2021 (% share)
      • Table Benefits of calibration services
    • Global field devices temperature and humidity calibration services market
      • Table Global field devices temperature and humidity calibration services market 2016-2021 ($ millions)
      • Table Instruments requiring temperature calibration services
      • Table Instruments requiring humidity calibration services
    • Global field devices electrical calibration services market
      • Table Global field devices electrical calibration services market 2016-2021 ($ millions)
      • Table Instruments requiring electrical calibration services
    • Global field devices pressure calibration services market
      • Table Global field devices pressure calibration services market 2016-2021 ($ millions)
      • Table Instruments requiring pressure calibration services
    • Global field devices mechanical calibration services market
      • Table Global field devices mechanical calibration services market 2016-2021 ($ millions)
      • Table Instruments requiring pressure calibration services
  • Market segmentation by end-user
    • Market overview
      • Table Global field devices calibration services market segmentation by end-user 2016 and 2021 (% share)
    • Global field devices calibration services market in process industries
      • Table Global field devices calibration services market in process industries 2016-2021 ($ millions)
      • Table Application of calibration services in oil and gas industry
      • Table Application of calibration services in power industry
      • Table Applications of calibration services in petrochemical industry
    • Global field devices calibration services market in discrete industries
      • Table Global field devices calibration services market in discrete industries 2016-2021 ($ millions)
      • Table Application of calibration services in automotive industry
      • Table Application of calibration services in electronics industry
  • Geographical segmentation
    • Market overview
      • Table Global field devices calibration services market segmentation by geography 2016 and 2021 (% share)
      • Table Impact of end-user in terms of revenue contribution to the global field devices calibration services market
    • Field devices calibration services market in Americas
      • Table Field devices calibration services market in Americas 2016-2021 ($ millions)
    • Field devices calibration services market in EMEA
      • Table Field devices calibration services market in EMEA 2016-2021 ($ millions)
    • Field devices calibration services market in APAC
      • Table Field devices calibration services market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Regulations driving the calibration services
    • Market challenges
  • Market trends
    • Shift from periodic to predictive calibration
    • Increasing demand for metrology on the factory floor
      • Table Benefits of metrology services
    • Integrated calibration solutions
      • Table Steps performed in an integrated calibration solution
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table ABB: Business divisions
      • Table ABB: Services lines
    • Endress+Hauser
      • Table Yokogawa: Client industries
      • Table Yokogawa: Service lines
    • Exova
      • Table Exova: Client sectors
      • Table Types of calibration services offered
    • Siemens
      • Table Siemens: Client industries
      • Table Segmentation of the calibration services
    • Yokogawa
      • Table Yokogawa: Client industries
      • Table Service lines of Yokogawa
  • Appendix
    • List of abbreviations
  • Explore Technavio

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