Europe Third-Party Calibration Services Market Size By Calibration Type(electrical, mechanical, thermodynamic, physical/dimensional), By End-Users(electronics manufacturing, automotive, pharma/life-sciences), By Country And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationEurope Third-Party Calibration Services Market Size By Calibration Type(electrical, mechanical, thermodynamic, physical/dimensional), By End-Users(electronics manufacturing, automotive, pharma/life-sciences), By Country And Forecast
Europe Third-Party Calibration Services Market Size And Forecast
Europe Third-Party Calibration Services Market size was valued at USD 611.15 Million in 2021 and is projected to reach USD 1,020.55 Million by 2030, growing at a CAGR of 6.41% from 2023 to 2030.
Rapid industrialization, which is followed by rising demand for checking and measuring devices, is one of the key elements influencing the market growth. Additionally, the market is expanding as a result of growing public awareness of the significance of maintaining and preserving machinery and tools. Organizations routinely use calibration services to standardize their internal equipment, and OEMs use them to guarantee the efficacy of their goods. There are now many third-party calibration outsourcing providers, which is helping the market to expand. Technology breakthroughs, like improvements in 3D printing and the development of 3D phantoms that imitate tissue, are further growth-promoting factors. The Europe Third-Party report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market.
Europe Third Party Calibration Services Market Definition
Calibration services are widely utilized in a variety of sectors to improve instrument uptime, effectiveness, and compliance with regulatory and quality standards. Calibration services are the measuring of variances and errors in mechanical equipment. Calibration includes comparing the measurements of one instrument to those of previously calibrated equipment. It is performed at regular intervals to detect any flaws in an instrument as soon as possible and to ensure optimal performance to reduce downtime and maximize productivity. In addition, service providers include on-site calibration, quick turnaround, calibration documentation, pickup and delivery, online documentation, and in-house contract lab services. As a result, it finds broad applications across numerous industries, such as aerospace, military, automotive, communication, and electronics.Results from measurement equipment must be exact and precise. Both the functioning of the business and the measurement of equipment and facilities are crucial. When an instrument is calibrated, its measurements or reading capabilities are tested and adjusted by comparing the quantification under evaluation with the actual or suitable readings of the standard.
Europe Third Party Calibration Services Market Overview
Preventative maintenance is becoming increasingly important as every sector aspires for efficient and dependable equipment and system operation. In order to avoid equipment failure during in-process operations, the preventive maintenance technique is a proactive strategy. A calibration service is one that looks for inaccuracies and uncertainties in a piece of equipment or a measuring instrument. To raise living standards, the majority of companies and sectors rely substantially on measurement equipment precision. A calibration service’s objective is to reduce measurement error and raise the likelihood of getting accurate readings. Third-party calibration service is provided by outsourced service companies. Third-party calibration service providers equip calibration labs to follow the different industry standards and regulations. This ensures that the calibration services are carried out with respect to industry standards. Third-party calibration companies also give the advantage of using more of the consumer’s facility for production and less for a dedicated on-site calibration lab.
One of the primary reasons propelling the market’s growth is the combination of rapid industrialization and the rising need for testing and measurement equipment. Additionally, the general public’s growing awareness of the need of protecting and maintaining equipment quality is promoting market expansion. Preventative maintenance, stringent government regulations, and rising customer concern about quality have all been pointed to as key drivers of the third-party calibration service market’s expansion. The market’s expansion is being hampered by a few issues including a lack of qualified workers and rising standard complexity. Overall, the demand for third-party calibration services in Europe increased due to the expanding use of outsourced calibration services to improve the performance of new or current equipment.
Europe Third Party Calibration Services MarketSegmentation Analysis
The Europe third party calibration services market is classified into calibration type, end-users, and, Country.
Europe Third Party Calibration Services Market by Calibration Type
• Electrical• Mechanical• Thermodynamic• Physical/Dimensional• Others
The calibration type segment is classified into five typeselectrical, mechanical, thermodynamic, physical/dimensional, and others. In 2021, the electrical segment has dominated the market accounting for the largest market share due to the electrical calibration entails using precise devices to assess how well other devices, or units under test, operate in terms of important attributes (UUT). In contrast to UUTs, these precision devices have performance characteristics that are well known, making it easy to evaluate their performance and/or calibrate their settings to detect or reduce errors.
Europe Third Party Calibration Services Market by End-Users
• Electronics Manufacturing• Automotive• Pharma/Life-sciences• Aerospace and Defense• Food & Beverages• Communication• Others
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Based on the end user’s segment, the market is divided into electronics manufacturing, automotive, pharma/life-sciences, aerospace and defense, food & beverages, communication, and others. The electronics manufacturing segment has dominated the market accounting for the largest market share in 2021 due to several benefits, including electrically adjustable calibration devices that allow for quick automated testing that promotes safety by removing the possibility of human mistake, improves repeatability, and lowers costs. When the system is turned on, the calibration data from the final production test is used to account for manufacturing tolerances.
Europe Third Party Calibration Services Market by Country
• Germany• France• U.K.• Italy• Spain• Ireland• Denmark• Austria• Russia• The Netherlands• Belgium• Rest of Europe
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Based on regional analysis, the Europe third party calibration services market is classified into Germany, France, U.K., Italy, Spain, Ireland, Denmark, Austria, Russia, The Netherlands, Belgium, and the Rest of Europe. During the projection period, Germany is expected to grow with the third-party calibration services market with the highest CAGR of 8.29% owing to the continuous advancements in the automotive, and electronics manufacturing industry and emphasis on research & development. Followed by, UK is forecasted to grow the Europe third-party calibration services market at a CAGR rate of 7.24% owing to the rising research and development activities in the life sciences sector. Also, the key operating players present in the market are working on the enhancement of the durability and functionality of third-party calibration services. The major service providers are aggressively spending R&D to generate new methods. Furthermore, the market for Europe third-party calibration services is growing due to the implementation of novel and improved technologies.
Key Players
The major player in the Europe third party calibration services market are ESZ AG Calibration & Metrology, Element Materials Technology, TRESCAL, SGS Societe Generale DE Surveillance SA, Bureau Veritas, Intertek Group PLC, The Calibration Company, Ellab A/S, Nordic Service Group, HPFM B.V., and others.
Key Developments
• In September 2022, Trescal, the global leader in calibration services, announced the acquisition of IKM Laboratorium, part of IKM Group, a leading supplier of the Norwegian energy sector. In accordance with the contract, IKM Group and Trescal have established a long-term strategic alliance to continue only servicing IKM Group and its clients
• In March 2022, SGS announced the acquisition of Gas Analysis Services (GAS), an Irish company that specializes in gas analysis testing and instrumentation. With the acquisition, SGS Industries & Environment (I&E) will have a wider range of competencies to help customers throughout their supply chains.
• In February 2022, Intertek, a provider of Total Quality Assurance to the industry worldwide, announces the launch of a new adulteration panel analysis service, developed and offered exclusively by the Dietary Supplement and Natural Products Testing Laboratory in Champaign, Illinois. New service identifies specific counterfeiters in nutrition and plants.
• In July 2020, Element strengthened its position in pharmaceutical testing in North America by the acquisition of Analytical Lab Group (ALG), a market leader in the field, and took another critical step toward expanding its Life & Health Sciences division.
• In February 2021, Element acquired the leading pharmaceutical analytical testing company, Avomeen, significantly strengthening the Group’s Life Sciences business unit in North America.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | ESZ AG Calibration & Metrology, Element Materials Technology, TRESCAL, SGS Societe Generale DE Surveillance SA, Bureau Veritas, Intertek Group PLC, The Calibration Company, Ellab A/S, Nordic Service Group, HPFM B.V., and others. |
| SEGMENTS COVERED | By calibration type, By end-users, By Country. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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