The Global Voltage Calibrator Market (Marché des calibrateurs de tension), valued at USD 217.0 million in 2022, is projected to grow at a robust CAGR of 9.6% from 2023 to 2031, reaching an estimated USD 451.0 million by the end of 2031. This significant growth is attributed to the rising demand for advanced consumer electronics and the expansion of distribution networks globally.
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The voltage calibrator market is experiencing substantial growth due to the increasing demand for advanced consumer electronics and the expansion of global distribution networks. Voltage calibrators play a crucial role in measuring and testing instruments to ensure optimal performance, thereby preventing interruptions in electronic devices caused by voltage fluctuations. Technological advancements in the electronics sector are also contributing to market expansion.
Leading market players are heavily investing in introducing innovative products to enhance their portfolios and meet evolving consumer demands. Additionally, manufacturers are focusing on research and development to adopt advanced technologies and develop cutting-edge calibrators.
Market Introduction: Voltage calibrators are essential tools for measuring, testing, and regulation techniques used to set and verify test installations and instrumentation. They are widely utilized to check the accuracy of measuring devices for various parameters or to adjust devices and systems to specific load or signal sizes. Voltage calibrators are employed in voltage testers to determine current flow through a wire and test for grounding. They can read and source voltage, current, frequency, and resistance signals from nearly any source.
Voltage calibrators are used in multiple industries, including aerospace and defense, semiconductor, healthcare, IT and telecommunication, and automotive. These devices help test and troubleshoot electronic devices to avoid frequent interruptions and improve operability.
Market Drivers
Rise in Demand for Advanced Consumer Electronics
The surge in demand for advanced consumer electronics, such as smartphones, tablets, laptops, and smartwatches, is a significant driver of the voltage calibrator market. Factors contributing to this demand include increased disposable incomes, rapid technological advancements, and evolving consumer preferences for multi-functional devices.
Voltage calibrators are utilized in smart devices to maintain voltage output and ensure optimal performance during the manufacturing, testing, and commercialization processes, thereby driving market revenue. The integration of IoT platforms, high-resolution screens, and machine-learning algorithms into traditional calibrators has improved precision, functionality, and energy efficiency. These advancements allow for the development of high-precision voltage calibrators for industrial testing and electric meter calibration, further propelling market growth in the consumer electronics sector.
According to data from Gitnux, nearly 128 million tablets were shipped worldwide in 2023, and around 80% of young adults in the U.S. aged 18-24 own a tablet.
Growth in Distribution Networks Globally
The expansion of distribution networks globally is also fueling market dynamics. Various components used in power grids need to be tested to verify their ability to withstand specified voltage stresses, with multiple tests carried out using voltage calibrators. Low-voltage calibrators provide traceability to instruments used for composite voltage measurements, while composite voltage calibrators can generate lightning and switching impulses together with DC and AC. Increased investment in power grids is expected to boost demand for composite voltage calibrators, thereby augmenting market statistics.
The International Energy Agency projects that grid investment needs to nearly double by 2030 to over USD 600 billion per year, emphasizing the digitalization and modernization of distribution grids.
Regional Covered
- North America
- Europe
- Asia Pacific
- South America
- Middle East Africa
Key Players:
- Time Electronics Ltd.
- Extech Instruments
- PCE Instruments UK Ltd.
- REED Instruments
- AOIP
- Yokogawa Test Measurement Corporation
- Valhalla Scientific Inc.
- Calibrators, Inc.
- Practical Instrument Electronics, Inc.
- Nagman
Key Developments:
- In October 2023, Omega Engineering announced exciting upgrades to its HANI temperature sensor product family. These upgraded sensors are now IP67 rated and feature increased temperature ranges.
- In September 2022, Yokogawa Test Measurement Corporation released the AQ7286A, AQ7286H, and AQ7286J Optical Time Domain Reflectometer (OTDR) units and the AQ3550 optical switch box for the AQ7280 OTDR series of high-performance fiber optic testing instruments.
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