Voltage Calibrator Market Development, Demand, Growth Analysis, Key Findings Forecast-2023

Among the verticals telecommunication and IT, healthcare and pharmaceutical, aerospace and defense, and others; the utilities as well as the semiconductor vertical is expected to have larger market shares. These verticals are expected to expand at highest CAGR during the forecast period as the demand for voltage calibrator devices is highest in these verticals.

The Voltage Calibrator Market 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 requires voltage calibrator devices. The old distribution networks are being replaced or improved constantly by new network which will boost the demand for these devices.

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).

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 voltage calibrator market 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).

North America holds the largest market share and is expected to continue this dominance during the forecast period. North America has highly developed Semiconductor sector and Utility sector in countries like the US and Canada, which boosts adoption of voltage calibrator device. Many manufacturers are based in the US. These include companies such as REED Instruments, Extech Instruments, Valhalla Scientific Inc., and Schweitzer Engineering Laboratories, Inc., and others. Further to this, APAC closely following North America in terms of revenue generation considering many manufacturers are based in this area. Also, voltage calibrators are used in the semiconductor industry, which is growing at a very high pace in APAC. Hence, APAC has the second largest market size.

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