Report on testing and measuring equipment sector.
T&M equipment market in India is set to grow at a CAGR of 13.24% from 2015-2019...
Test and measurement (T&M) equipment is one of the less talked about and the least attractive segment of the power industry. However, its significance cannot be discounted given its role in locating defects in various electronic and mechanical products. T&M devices are used for testing and measuring various electronic and mechanical products during the lifecycle for ensuring that the product performs to the optimim level. These devices have a prominent role to play in the various stages - initial design, development, verification, maintenance and repair.
Key electronic devices that are such as cellphones, digital cameras, MP3 players as well as solar inverters are tested using T&M equipment. T&M equipment market in India can be segmented into three product segments:
- General purpose test equipment
- Wireless communications test equipment
- Fiber optic test equipment
Going by New York based news agency, PR Newswire, the T&M equipment market in India is set to grow at a CAGR of 13.24% over the period 2015-2019. One key trend in the market is the need for compatibility of test equipment. This is going to be the main focus of T&M equipment vendors when developing new products. With the growing emphasis on quality of products and services, and the need for accuracy and timely results, the market is also expected to see an increase in the R&D investment. Tektronix, Fluke Networks, Agilent Technologies, Synergy Measurement Technologies Pvt. Ltd., and National Instruments are some of the major promising players in India.
Research & Training
The Indian Institute of Technology (IIT) Patna has recently signed a memorandum of understanding (MoU) with electronics test and measuring equipment manufacturing company, Tektronix. The MoU is aimed at enhanced cooperation between the two parties in the field of emerging technologies. Under the MoU, Tektronix will share the latest trends in technology with IIT Patna and those trends will be used by the faculty of IIT Patna to revise their subjects, curriculum and research activities. Students and the faculty will be able to access the products of Tektronix that will be used to provide hands-on-training to students and faculty on the use equipment like power electronics, embedded systems, RF measurements, semiconductor characterisation.