According to a new market research report “Calibration Services Market by Service Segments (Electrical, Mechanical, Physical/Dimensional, Thermodynamic), by Type (In-House Laboratories, OEM, Third-Party Services), by End-User Industry & Geography - Global Forecast to 2013 - 2020”, the total market was valued at $3,410.00 Million in 2013 and is expected to reach $5,580.00 Million by 2020, at a CAGR of 6.99% between 2014 and 2020.
Browse 65 market data tables and 69 figures spread through 165 pages and in-depth TOC on “Calibration Services Market - Global Forecast to 2013 - 2020"
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Calibration services are of utmost importance for testing and measuring devices. Such devices need to operate with accuracy and precision. Calibration services are used to record and rectify deviations in the performance of testing and measuring devices from their standard performance. The calibration services market is expected to witness moderate growth over the coming years. Driven by a need for precise and accurate information the calibration services industry has been expanding to encompass industries such as aerospace & defense, semiconductors, power generation, petrochemicals, water, electronics manufacturing, communication, and industrial & automotive. The calibration services market is fragmented and competitive with a large number of players. Key players in this market are General Electric (U.S.), Siemens AG (Germany), Danaher Corporation (U.S.), and Endress+Hauser (Switzerland).
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The report also covers key end user industries of the calibration services market, which include electronics manufacturing, communication, aerospace & defense, industrial & automotive, and others (power generation and petrochemicals). Among all sectors, the electronics manufacturing sector is expected to be the largest contributor to the overall calibration services market, accounting for ~31% share.
The calibration services market is also segmented by end user industry which includes electronics manufacturing, communication, aerospace & defense, industrial & automotive, and others. Key type of service providers are segmented into in-house laboratories, OEMs, and Third party service providers. The report covers the market for geographic regions comprising Americas, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2014, Europe had the largest market size in terms of value for the calibration services market. APAC is projected to grow at the highest CAGR of 12.03% from 2014–2020.
The calibration services market for different geographic regions including North America, Europe, Asia-Pacific, and the Rest of the World (RoW) has also been covered in the report. Europe was the largest market for the calibration services in 2013. APAC is expected to be the most promising market for calibration services during the forecast period and would grow at the highest CAGR among all regions.
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The report profiles major players with a SWOT analysis of key players in the calibration services market. The market is expected to witness a series of new product launches, announcements and partnerships across the value chain. Key players in this industry include General Electric (U.S.), Siemens AG (Germany), Danaher Corporation (U.S.), Endress+Hauser (Switzerland), Trescal, Inc. (U.S.), Transcat, Inc. (US), and others.
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