New Flow Calibration Equipment Manufacturers are Keeping Focus on the Oil & Gas and Power Sectors Owing to Higher Revenue Generation, States FactMR.
As per the latest report published by Fact.MR, a market research and competitive intelligence provider, the global flow calibration equipment market is expected to reach a valuation of US$ 8.7 Bn by the end of 2032 after expanding at a CAGR of 7.7% over the decade.
Convergence in the oil & gas industry promises a positive stance and dynamic changes in demand. Additionally, the momentum of core factors such as technological improvements is driving a shift in customer preference, including economic, political, and social disruption, with the aid of technological advancements. Dynamically shifting customer preference towards advanced calibration equipment, owing to the need for accurate and precise flow of fluids in the end-use industries, is growing significantly, paving the way for the flow calibration equipment market growth.
Volume flow meter demand has witnessed a swift and steady recovery from COVID-19 and has reached the pre-COVID trajectory. Differential head volume flow meters accounted for roughly 34% of total volume flow meter calibration sales in 2021. Growing demand for volume flow meter calibration will subsequently emphasize the flow calibration equipment market expansion.
Click to Request a Sample of this Report for Additional Market Insights: https://www.factmr.com/connectus/sample?flag=S&rep_id=6937
Key Takeaways from the Market Study:
- The global flow calibration equipment market is poised to expand at a CAGR of 7.7% through 2032. Based on type, the market is dominated by the recalibration segment, which is projected to account for 70% market share by 2032.
- North America is likely to be the most attractive region and utilize more than 304 Mn units of flow calibration equipment by 2032. By flow medium type, liquid (other than water) flow is likely to account for 2/3 revenue share and create an absolute $ opportunity of US$ 3.3 Bn over the assessment period.
- Volume flow meter calibration is projected to grow 2X by value, while mass flow meter calibration is set to grow 2.1X over the forecast period. The European region is expected to register a CAGR of 7.1% over the forecast period and be valued at US$ 2.4 Bn.
- Under end-use industry, the oil & gas sector is estimated to account for approximately a quarter of the market share in 2022, but is expected to lose 48 BPS by 2032.
”High frequency of recalibration in industrial manufacturing provides consistency in demand for calibration service providers, allowing for steady revenue generation,”says a Fact.MR analyst
Smart Technology Integration Unlocks New Opportunities in Flow Calibration Equipment Market
Traditional flow calibration methods, such as the "Bucket and Stopwatch" technique, are gradually being phased out as industries embrace smarter, more efficient solutions. The shift towards electronic and computerized calibration devices marks a significant technological transformation in the flow calibration equipment industry.
With the growing adoption of AI, IoT, and wireless connectivity, calibration processes are becoming increasingly automated, precise, and efficient. As industries prioritize accuracy and real-time monitoring, demand for smart, digital flow calibration systems continues to rise, opening up new avenues for market growth.
Industry 4.0 & 5.0 Accelerating Innovation in Calibration Technologies
The ongoing evolution toward Industry 4.0 and the emerging Industry 5.0 paradigm is driving a wave of innovation in calibration technology. Emphasis on automation, digital enablement, and cost-efficiency is reshaping operational strategies across sectors—from HVAC systems to aerospace applications.
Next-generation calibration equipment is being designed to meet high energy-efficiency standards and integrate advanced features such as self-cleaning mechanisms and predictive maintenance. Technologies like Sound Acoustic Wave (SAW) calibration are gaining traction for their ability to deliver enhanced accuracy while overcoming the limitations of conventional systems.
Reduced Recalibration Time and Increased Frequency Fuel the Product Demand
According to Fact.MR, flow meters typically require recalibration every 1 to 2 years to maintain accuracy and optimal performance. While there are no universal standards for recalibration frequency, it is often scheduled during annual maintenance cycles.
Advancements in calibration technology have significantly reduced turnaround times, from the traditional 2–3 days to as little as 24 hours. This improved efficiency is encouraging broader adoption of modern flow calibration systems, driving steady demand growth over the forecast period.
Get a Custom Analysis for Targeted Research Solutions: https://www.factmr.com/connectus/sample?flag=S&rep_id=6937
Winning Strategy
Standard machine manufacturing is an outdated approach of manufacturers, and thereby, with changing times, they are also changing their strategies and integrating new dynamic strategies. Prominent market players have started manufacturing customized products for specific purposes according to customers’ processes and operations.
To meet the tailored requirements of the industry, market players are diversifying their product portfolios. Some flow calibration equipment manufacturers have started producing calibration for emerging, new end-use industries such as food processing & beverage, and water management.
Horizontal and vertical integration of the business strategy is also giving manufacturers the opportunity to surge way ahead of other players. Moreover, providing options of different types of calibration equipment for in-house calibration devices - portable, benchtop, and fixed calibration equipment - is also emerging as a key market strategy.
Explore More Related Studies Published by Fact.MR Research:
The 3D wheel aligners market is estimated to reach a valuation of US$ 164.8 Million in 2023 and will top US$ 261.4 Million by 2033, growing with a CAGR of around 4.7% from 2023 to 2033.
The global abort gate market is valued to be US$ 24.8 million in 2023 and it is expected to grow at a CAGR of 7.5% to reach US$ 51.2 million by 2033.
The global acoustic emission-based NDT market is estimated to generate revenue worth US$ 307.5 million in 2024 and thereafter forecasted to a reach value of US$ 477.6 million by 2034.
The global aerial lift rental market is expected to grow at a CAGR of 5.8% and reach a valuation of US$ 9.7 billion in 2033, up from US$ 5.5 billion in 2023.
The aerial robot market is estimated to reach a valuation of US$ 8,364.0 Million in 2023 and will top US$ 57,205.8 Million by 2033, growing with a CAGR of around 21.2% from 2023 to 2033.
The global aerial video services market is valued at US$ 274.6 million in 2023. The market is expected to expand rapidly at a CAGR of 17.5% and reach a valuation of US$ 1,377.7 million by the end of 2033.
The global air flow sensor market is estimated at USD 2.2 billion in 2022 and is forecast to surpass USD 3.3 billion by 2032, growing at a CAGR of 4.1% from 2022 to 2032.
The global air-swept mills market is valued at US$ 1.03 billion in 2023 and is forecasted to reach US$ 1.63 billion by the end of 2033, expanding at a steady CAGR of 4.6%.