indian calibration and repair services market
TRANSCRIPT
India: A Growing Market for Calibration and India: A Growing Market for Calibration and Repair ServicesRepair Services
Requirement to comply with calibration accreditation standards and industrial boom will drive growth
Janani Balasundar, Research AnalystAnalyst
Test & Measurement
September 10, 2013
© 2012 Frost & Sullivan. All rights reserved. This document contains highly confidential information and is the sole property of Frost & Sullivan. No part of it may be circulated, quoted, copied or otherwise reproduced without the written approval of Frost & Sullivan.
Today’s Presenter
Janani Balasundar, Research Analyst
Frost & Sullivan
@Janani Balasundar
2
Experience in the areas of research such as
• Growth Opportunities and Drivers
• Market Sizing and Forecasting
• End User Analysis
• Competitive Analysis and assessment
• Emerging Trends
@Janani Balasundar
Focus Points
Key Market Drivers and Restraints
Total Calibration and Repair Services Market—Revenue Forecast
Market Segmentation
3
Market Structure
Market Shares of Key Competitors
Growth Drivers for Calibration and Repair Services in the End-user Segments
Future Key Trends
Key Market Drivers and Restraints
Calibration and Repair Services Market: Key Market Drivers and Restraints, India, 2013-2019
1-2 years 3-5 years 5-7 years
Mandatory requirements for ISO certified companies to comply with calibration accreditation standards drive demand
Industry growth is directly proportional to the growth of calibration services
Awareness about quality among consumers increases that of manufacturing companies and the need for calibration
Increase in the budgetary provision for maintenance and
Mark
et
Dri
vers
4
Lack of technical expertise to repair imported
equipment
Calibration facilities are not up to the requirements of
the industry
Cheap price trends introduced by niche laboratories
Increase in the budgetary provision for maintenance and
repair expenses and high import and export charges fuel
repair services segment growth
Mark
et
Restr
ain
ts
Impact: High Medium Low Source: Frost & Sullivan
Total Calibration and Repair Services Market—Revenue Forecast
247.6
200.0
250.0
300.0
Reven
ue (
$M
illio
n)
Indian Calibration and Repair Services Market: Revenue Forecast, 2012 and 2019
• $103.1 million in 2012
• CAGR (2012-2019): 13.3 percent
5
Note: All figures are rounded. The base year is 2012. Source: Frost & Sullivan
103.1
0.0
50.0
100.0
150.0
2012 2019
Reven
ue (
$M
illio
n)
• Industry growth will drive demand for
calibration and repair services in the
forecast period.
Market Segmentation
Thermal15.0%
Fluid flow/optical5.0%
Percent Sales BreakdownTotal Calibration and Repair Services Market: India, 2012
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Electro-technical50.0%
Mechanical30.0%
Note: All figures are rounded. The base year is 2012. Source: Frost & Sullivan
Market Structure
Third-party Service
Providers
Total Calibration and Repair Services Market: Market Structure, India, 2012
Original Equipment
Manufacturers
Government Labs
In-house Labs
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End Users
Source: Frost & Sullivan
Market Share of Key Competitors
NPL7.9% Agilent
Technologies5.7%
STQC4.2%
Percent of Sales Total Calibration and Repair Services Market:
India, 2012
• Two Government Laboratories,
NPL and STQC stand in the
top three
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Others82.2%
Note: All figures are rounded. The base year is 2012. Source: Frost & Sullivan
top three
• Agilent Technologies holds 5.7
percent of the market
revenues, which come from
both calibration and repair
services unlike for the other
two top competitors
Poll question
Which end-user segment will have the highest increase in demand for calibration
and repair services over the next 3-5 years in India?
• Electronics Manufacturing
• Communications
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Note: All figures are rounded. The base year is 2012. Source: Frost & Sullivan
• Aerospace & Defense
• Industrial and Automotive
• Education
Growth Drivers for Calibration and Repair Services in End-user Segments
Calibration
Electronics Manufacturing
CommunicationOthers*
Tremendous Infrastructure development in the country will drive growth
Semiconductor and consumer electronics segment will drive growth
Increasing mobile internet subscribers will drive growth.
10
Note: All figures are rounded. The base year is 2012. Source: Frost & Sullivan
Calibration and Repair Services
Aerospace & Defense
Industrial and Automotive
*Others include education, medical, pharmaceutical and infrastructure
Increasing ISO certified companies will drive growth
Significance of accurate measurements will drive growth
Future Key Trends
1. Demand for quality will increase from customers. Companies are already expecting expertise and quality certificates from their calibration and repair service providers.
2. Private service providers will try to gain market share against the government
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2. Private service providers will try to gain market share against the government laboratories by establishing high-end facilities.
3. In-house laboratories and OEMs will grow high driven by quality.
Next Steps
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join our GIL Global Community
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Jessy Cavazos
Industry Director
Measurement & Instrumentation
(325) 695-6332
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Corporate Communications
Measurement & Instrumentation
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Janani Balasundar
Research Analyst
Measurement & Instrumentation
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Research Director
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