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“North American Calibration Services Market” added to ReportBuyer.com

The compound annual growth rate (CAGR) for the total calibration services market in North America is estimated at 5.4 percent from 2011 to 2018. In 2018, market revenue is expected to reach $1,373.5 million.

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PRLog (Press Release) - Jul. 25, 2012 - ReportBuyer.com has added a new report American Calibration Services Market.
Calibration is a process that ensures that the measuring equipment that companies use to develop, manufacture, and deploy their products and services is performing as it should. As the accuracy of electronics components changes over time, it is necessary to check the equipment by comparing the instruments to a known standard, and perform corrections if necessary. Calibration is critical to ensure product quality, and such services are offered by a variety of companies in North America.

This study covers the North American calibration services market, and is segmented by supplier type as follows:
-Original equipment manufacturers (OEMs)
-Third-party calibration service providers (TSPs)
-In-house laboratories

Typically, OEMs focus on providing calibration services for the equipment they manufacture.
Examples of such companies include Agilent Technologies, Anritsu, and National
Instruments. TSPs do not manufacture test equipment; instead, they service equipment fromvarious manufacturers offering calibration services in various disciplines, including electrical/electronic, mechanical, thermodynamic, and physical/dimensional. This includes companies such as SIMCO Electronics and Transcat.

Competitive Overview
-The calibration services market in North America is intensely competitive, with a large number of companies. They can be broadly categorized into the following:

-OEMs, which include companies such as Agilent Technologies, Tektronix, Fluke, Anritsu, and National Instruments
Large TSPs such as Tektronix Service Solutions, SIMCO Electronics, and Transcat, which have national coverage
-Medium-sized TSPs such as Trescal (Dynamic Technology Inc (DTI)), Micro Precision Calibration (MPC), Technical Maintenance Inc (TMI), ESSCO Calibration, SE Laboratories, and Precision Measurements, Inc (PMI), whose footprint is more regional
-A large number of small and niche TSPs with local reach

Opportunities and Forecasts
The total calibration services market in North America generated a revenue of $948.2 million in 2011. The global economic crisis (2008-2009) affected the market; however, it did not register a revenue decline during that time. Going forward, with improved economic conditions, the market is expected to return to its typical annual growth rate of 4 to 6 percent; however, this will differ by segment, that is, OEMs, TSPs, or in-house laboratories.
Factors expected to drive market growth over the forecast period include the following:
-Stricter compliance environment
-Increased competition in end-user industries
-Growth in installed base
-Increasing complexity of instrumentation
-Demand for broader capabilities
-Outsourcing of in-house laboratories
-Demand for global service providers
-Factors expected to restrain market growth over the forecast period include the following:
-Price pressure
-Macro-economic conditions
-Decreasing defense spending
-Increasing share of modular instrumentation
-Increasing stability in instrumentation
-Price of standards for physical/dimensional calibration

The compound annual growth rate (CAGR) for the total calibration services market in North America is estimated at 5.4 percent from 2011 to 2018. In 2018, market revenue is expected to reach $1,373.5 million.

North American Calibration Services Market: , is available at:
http://www.reportbuyer.com/industry_manufacturing/machine...

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