Scientific Instrument Suppliers Anticipating Better Growth - Industrial & Scientific _____________________________________________________________________________________
By Roland Scott - http://sundryherb.com/ For the resolving powers of our scientific instruments decide, at a given moment, of the size and the vision of our Universe, and of the image we then make of ourselves. - Albert Claude Introduction Wiki defines a scientific instrument as any type of equipment, machine or device which is specifically designed or constructed ingeniously refined to apply utmost efficiency in the utilization of some well proven physical principle, relationship or technology to facilitate the pursuit, acquisition and storage of repeatable, and verifiable data. What Is Industrial & Scientific
As India is growing by leaps and bounds in the science and technology sector, the demand for the scientific instruments is experiencing an overall increase. During the downturn the single most affected sector was R&D as many thought it was something which can be put on hold till the recession gets over. Quite naturally the demand for such instruments came down. Now as the economy is heading towards recovery, this sector is also getting the much needed push. Scientific instruments are usually a part of laboratory equipments, but are considered more
sophisticated and more specialized than other measuring instruments as scales, meter sticks, chronometers etc. Chinese Scenario Industry observers feels that the scientific instrumentation industry has a huge market potential in China. As per the the last available statistics the Chinese scientific instrumentation industry is estimated to reach 100 billion Yuan by the end of 2010. China's growth projection is being attributed to steady economic growth, investments into R& D with a long term vision and favourable business environment.
Currently, china is mostly into low-grade equipment production, however, soon high-end equipment production could take the centre stage. The general notion is that the high end production is taken care by the US based multinationals and a conscious effort is being made to encourage Chinese companies to venture out in this segment. India's challenges Even though there have been long talks about laying the emphasis on the research and development in India, not much has been done in practise. On top of that, the talent poaching by the western countries and the multi nationals in India is depriving the country of its most valuable asset. Many scientific instrument suppliers echo the fact that the Indian govt. needs to look into this with utmost priority. Scientific instrument suppliers further add that in today's highly competitive market conditions, the lack of healthy competition within the industry norms, constraints on the profit margins has further complicated their problems. The only silver lining in the cloud is - the positive economic forecast for the Indian market. Needless to say, the scientific instrument suppliers are anticipating better times ahead!
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