Temperature Calibrators Market Trends

  • Report ID: 5971
  • Published Date: Apr 03, 2024
  • Report Format: PDF, PPT

Temperature Calibrators Market Trends

Growth Drivers

  • The Rising Requirement for Precise Temperature Measurement in Laboratories - A conditioning circuit interfaces a negative temperature coefficient (NTC) thermistor with high resistance tolerance to a wireless microcontroller's 12-bit digital converter. In order to reduce the impact of component errors, the system is calibrated to achieve an accuracy of ±0.03 °C on average (±0.05 °C in the worst situations) within a 5 °C to 45 °C range. Using a continuous temperature sweep as the basis, the calibration process minimizes costs and delays compared to traditional calibration methods by continuously logging calibration data. To verify that the performance results given are legitimate, an uncertainty analysis is carried out. According to the research, a lot of nations, especially those constructing their first BSL-4 laboratories, lack robust regulations and oversight techniques for these facilities.
  • Rising Industry Automation Globally - Though they may have seemed like stuff out of science fiction or a far-off future, autonomous vehicles, flying taxis, robotic police officers, and drone deliveries are all commonplace in smart cities like Singapore, Dubai, and Tokyo. Similarly, the requirement for automation testing is also increasing rapidly. Automation is essentially the technology that makes it possible for machines to accomplish tasks with little assistance from humans. The idea is to relieve humans from routine, repetitive jobs that computers can do more effectively and efficiently today, allowing us to concentrate our efforts on complex, creative challenges.
  • Rigorous Government Regulations in Industries Like Food Processing and Healthcare - Global manufacturing and worldwide trade complicate the essential function of governments in ensuring the safety and quality of medications as well as food in a nation. Unsafe food is estimated to kill over 400,000 people annually, with a third of those deaths occurring in low- and middle-income countries; inadequate medications are responsible for approximately 70,000 additional deaths from childhood pneumonia and 8,500 to 20,000 deaths from malaria in sub-Saharan Africa alone. Food labels are starting to carry the same weight as those on pharmaceuticals; this trend is expected to continue as regulatory bodies refute the claims made by producers and compel them to provide additional information.

Challenges

  • Hefty Initial Cost of Temperature Calibrators - Prices can differ, though, because not all applications are the same, and not all temperature sensors are made equal. Several factors influence the cost of RTDs and thermocouples, such as the applications they are used for and the temperatures they operate in. One of the main determinants of cost can be a sensor's temperature range. Room temperature sensors can be less expensive because of their extremely basic designs. The temperature range for RTD application is -200°C to 600°C. The temperature range for K-type thermocouples is -200°C to 1,100°C. Precious metal thermocouples with sapphire insets are utilized at temperatures up to 2,000°C, however this increases the cost.
  • A temperature sensor used to detect 1,400 °C during an industrial heat-treating operation, for instance, is very different from one used to measure the air temperature in a room.
  • Lack of Knowledge and Skill in People
  • Rising attainability of Low-Cost Substitutes

Temperature Calibrators Market: Key Insights

Base Year

2023

Forecast Year

2036

CAGR

∼7%

Base Year Market Size (2023)

~USD 600 Million

Forecast Year Market Size (2036)

~USD 920 Million

Regional Scope

  • North America (North America, Canada, Mexico)
  • Europe (Germany, Spain, UK, France, Italy, Russia, Others)
  • Asia Pacific (Japan, China, India, Australia, Others)
  • Middle East and Africa (South Africa, UAE, Others)
  • Latin America (Brazil, Argentina, Others)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Richa Gupta


  • Report ID: 5971
  • Published Date: Apr 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing attainability of instrument calibrators especially temperature calibrators globally will majorly drive the market growth of the temperature calibrators market.

The market size of the temperature calibrators market is expected to get a CAGR of approximately 7% over the forecast period, i.e., 2024 – 2036.

The major players in the market are Fluke Corporation, Additel Corp., AMETEK Inc., Anritsu Corp., AOIP, Baker Hughes Co., Beamex Oy Ab, Fortive Corp., Spectris Plc., WIKA Alexander Wiegand SE & Co. KG, Yokogawa Electric Corp., CHINO Corporation, SANKO Group, PLIC THERMO Co., Ltd.

The benchtop segment is anticipated to reap the largest market size with almost 88% by the end of 2036 and demonstrate substantial growth scopes.

The market in the North American region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.
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