Albany, NY -- (SBWIRE) -- 01/11/2019 -- ResearchMoz.us has announced the addition of a report, titled "Voltage Calibrator Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018–2026". The report on the global voltage calibrator market offers an assessment of key growth dynamics, key adoption trends in various industries, and prominent regions. The study shines light on emerging demand in various industry verticals and recent technological advancements brought about key players of the market. The analysis offers insights into the prevailing competitive landscape and the factors that may influence its contours in the coming years.
The global voltage calibrator market is projected to rise at a single-digit CAGR during 2018–2026. The rising demand for electronic calibration in a wide range of controlling devices is a key factor propelling the growth of the market. The growing application of these in process control in the semiconductor manufacturing industry is another crucial factor driving the market. Several semiconductor manufacturers are focusing on developing cost-effective, high-performing chips. This has offered substantial fillip to the demand for various types of voltage calibrator.
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Rapid advances made in technology have brought multifunctional calibrators to the fore. They are gaining traction in making novel test instruments, owing to pressure, frequency, current, and temperature. The rising adoption of multifunctional calibrators in various manufacturing plants in various parts of the world is creating lucrative avenues in the market.
Among the various industries, the semiconductor industry is expected to rise at rapid pace in the coming years. This is driven by the rising demand for powerful chips in the industry. The rising demand for advanced consumer electronics based on these chips is accentuating the demand for voltage calibrators. The constant focus toward quality control will keep the market increasingly lucrative. Furthermore, the growing complexity of chips will call for advanced manufacturing methods in the semiconductor industry. Some of the other end-use industries are healthcare, IT and telecommunications, and automotive industries.
On the regional front, North America held the major share in the global voltage calibrators market in 2017 and is expected to rise at prominent pace. A great deal of growth in the regional market is expected to be fueled by the burgeoning electronic manufacturing industry. Moreover, the presence of several globally prominent companies in the region is expected to fuel the growth of this regional market. Some of the other developed markets for voltage calibrators are Asia Pacific and Europe.
A growing number of players in the global voltage calibrators market are actively consolidating their distribution capacity and equipping end users with better facilities. To this end, a few companies are also focusing on increasing their geographical footprints. Some of the key players operating in the global voltage calibrators market are Yokogawa Test & Measurement Corporation, Time Electronics Ltd., Extech Instruments, REED Instruments, and Valhalla Scientific Inc.
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