Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The report provides an in-depth analysis about the strategic business activities along with the market dynamics shaping the global current calibrator market over the period of study.
The current calibrator are applicable for tests, measurement, and regulation techniques for verifying and setting test instrumentation and installations. The regulated magnitude or measurement signal of current calibrator is called as test signal. The current calibrator useful in inspecting and monitoring the accuracy of various control devices including temperature sensors, temperature controllers, and temperature transmitter and other process devices. Furthermore some current calibrator are featured with sinusoidal wave shapes in besides the sinusoidal output.
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The calibration is important for good functioning and operation of test as well as for transmission of test signal. Furthermore, accuracy and stability of current calibrator allow its usage to calibrate current sensitive transducers, and their associated recording and indicating instruments. The current calibrators have wide range of applications including measurement of forward voltage drops, saturation voltage, transistor gains, temperature coefficient, zener diode characteristics and other applications. It is also useful to plot characteristics curve and to drive Hall Effect devices.
The global current calibrator market is primarily driven by the increasing demand of current calibrator from industrial segments for various calibration applications. Moreover increasing demand of smart as well as power efficient current calibrator expected to contribute to the growth of global current calibrator market during forecast period. The various technological advances of current calibrator such as programming capability, PASS/FAIL status is displayed, testing can run automatically, and other multifunctioning features expected increase demand of current calibrator further anticipated to spur the growth of the global current calibrator during forecast period. However, the high cost expected hinder the growth of global current calibrator market during forecast period.
The global current calibrator market has been segmented based device type, end-use industry, and region. On type of device, the global current calibrator market can be segmented into handheld and bench. The usage of bench type of current calibrator is expected to increase during forecast period, since the offsite environment provided by bench type current calibrator offers high quality calibration testing. Based on end-use industry, the market can be segmented into aerospace & defense, healthcare, semiconductor, IT & telecommunication, automotive, and others. Moreover, others segment includes education and energy. In terms of region, the global current calibrator market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America & Europe is anticipated to hold a significant share of the global current calibrator market.
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North America & Europe region is anticipated to contribute a significant share to the global current calibrator market due to the presence of leading current calibrator manufacturers. The market in Asia Pacific is anticipated to expand at a rapid pace owing to the demand and expansion of semiconductor & electronics, and power industry. Moreover, amongst the type of current calibrator the bench type current calibrator segment is anticipated to witness prominent growth due to the high quality calibration testing.