New Flow Calibration Equipment Manufacturers are Keeping Focus on the Oil & Gas and Power Sectors Owing to Higher Revenue Generation, States FactMR.
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.
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Key Takeaways from the Market Study:
”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.
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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.
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Flow calibration equipment is used to measure and ensure the accuracy of the flow of liquids and gases in various industries, including oil and gas, power generation, and manufacturing.
CAGR stands for Compound Annual Growth Rate, which is the rate at which an investment grows annually over a specified time period, assuming the profits are reinvested.
Recalibration is the process of adjusting and verifying the accuracy of measuring instruments, ensuring they provide precise readings after a certain period or usage.
Smart technology integration refers to the incorporation of advanced technologies, such as AI and IoT, into systems to enhance efficiency, accuracy, and real-time monitoring.
The oil and gas sector encompasses the exploration, extraction, refining, and distribution of oil and natural gas, which are critical energy resources globally.
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