Calibration Services: Regulatory Compliance and Evolving End User Technologies Fuel Demand in Europe, Says Frost & Sullivan

Calibration Services: Regulatory Compliance and Evolving End User Technologies Fuel Demand in Europe, Says Frost & Sullivan PR Newswire LONDON, Sept. 26, 2012 - Advanced products in application verticals require corresponding services LONDON, Sept. 26, 2012 /PRNewswire/ -- Demand for calibration services is expected to be high over the next 2 years in Europe, as regulations become more stringent and quality more essential across verticals. With competition in the European market being intense, turnaround time – without compromising quality – will be a key criterion for end users in selecting a calibration services supplier. New analysis from Frost & Sullivan (http://www.smt.frost.com), Analysis of the European Calibration Services Market, finds that the market earned revenues of $1.09 billion in 2011 and estimates this to reach $1.55 billion in 2018. The calibration services market is segmented into in-house laboratories, original equipment manufacturers (OEMs), and third-party vendors. "There is increasing awareness about the benefits of maintaining equipment in good operating conditions with periodic calibrations," says Frost & Sullivan Industry Analyst Prathima Bommakanti. "End users would rather spend OPEX than CAPEX, which allows them to be more flexible in uncertain economic times." Onsite calibration, which provides minimum downtime, is considered more cost-effective by end users – especially in process industries such as chemicals and pharmaceuticals.