Emphasis on Smart Factory & the Ensuing Focus on Well Calibrated Automated Production Drives Demand for Calibration Services
Global Calibration Services market is projected to reach US$8.8 billion by 2024 , driven by the rising significance of periodic calibrations of industrial measuring equipment in ensuring quality control and maintaining tolerances of manufacturing processes especially in the current era of smart manufacturing. Calibration is the process of comparing a reading on one instrument with another instrument that has been calibration and referenced to a set of known parameters. Calibration process is aimed at eliminating or minimizing uncertainties by ensuring that test instruments give accurate results. Calibration hence not only quantifies errors or uncertainties but also ensures control over them during the measurement processes to maintain them within an acceptable level. Majority of the large manufacturers undertake periodic calibration services to ensure that all instrumentation and equipment are working precisely, as per manufacturer's specifications. Though some calibration ta...