India Galvanometer market to grow at a Steady Rate through FY2027
Growing demand from the
healthcare sector and advancements in telecommunication sector is expected to
drive the demand for India galvanometer market in the forecast period.
According to TechSci Research report, “India
Galvanometer Market By Type (Thermo, String, Mirror, Vibration, Ballistic,
Astatic) By Glass Panel (Coloured, Transparent, Opaque, Others) By Application
(Healthcare, Telecommunication, Industrial, Commercial, Others), By Region,
Company Forecast & Opportunities, FY2027”, The India galvanometer
market is expected to witness steady growth in the forecast period,
FY2023-FY2027. A galvanometer is a device that is used to identify and measure
the amount of current flowing through the circuit. Depending on the capability
of the galvanometers to measure and identify the current, it is used in
different applications. Development of the telecommunication network and the
rollout of 5G technology coupled with the growing adoption of the latest
technologies such as artificial intelligence, big data analytics, machine
learning, amongst others are contributing to the increase in the growth of the
telecommunication industry. The ability of the galvanometers to detect errors
in the telecommunication cables is expected to create lucrative opportunities
for the galvanometer market growth in the next five years. Galvanometers are
used for the positioning of the pens in the analog strip recorders such as
electrocardiographs, polygraphs, and others. These are also used in the
positioning and control systems and the mirror galvanometers are used as beam
positioning and beam steering in laser technology. The closed-look mirror
galvanometers are used in imaging applications as well as for retinal scanning.
Open-loop galvanometers are used in space applications, printing applications,
and laser-based barcode scanners.
Due to the ongoing pandemic COVID-19, the lockdown was
imposed all over the country. A complete shutdown was observed, and people
started practicing social distancing and following the precautionary
guidelines. The imposition of strict regulations and guidelines by the leading
authorities led to the huge losses suffered by the businesses. Manufacturing
units were shut down and the loss of availability of skilled laborers led to
the market decline. The number of units imported or exported to other countries
also suffered a huge loss. After the lifting of lockdown, companies are
expected to be again operational, and the market is eventually expected to pick
up the pace.
However, the limitation of the galvanometer is that it
can measure the AC quantities may hamper the galvanometer market growth in the
forecast period.
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India
galvanometer market is segmented into type, glass panel, application, regional
distribution, and company. Based on the type, the market can be divided into
thermo, string, mirror, vibration, ballistic, and astatic. The Thermo
galvanometer is used for measuring a small amount of current. The string
galvanometer is used for measuring small currents in the human body and was
also used in the first practical Electrocardiogram. A mirror galvanometer uses
a mirror to deflect the light beam away from it in order to tell the presence
of electric current. The vibration galvanometer is a type of
frequency-sensitive galvanometer and in it, the measured current and
oscillation frequency of the moving element becomes the same. It is used for
the detection of a small current. The ballistic galvanometer is also known as
the PMMC instrument and works on the principle of a permanent magnet moving
coil. Astatic galvanometer uses two needles with opposite polarities to lower
the effect of the earth’s magnetism.
Cambridge
Technology Inc., Aerotech, Inc., PhenixTechnology, Sino-Galvo, BNR Exports,
Vishawkarma Scientific Works, Hoverlabs, Labcare Instruments &
International Services, OSAW India, ScanLab are the leading players operating
in India galvanometer market. Manufacturers are increasingly focusing on research
and development process to fuel higher growth in the market. To meet evolving
customer demand with respect to better efficiency and durability, several galvanometer
manufacturers are coming up with their technologically advanced offerings.
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“The
high-end investments by the market players for the up-gradation of the existing
infrastructure and the rise in applications of advanced galvanometers in the
biomedical field are driving the galvanometer market growth. The high demand
from the healthcare sector to perform Optical Coherence Tomography, microscopy,
laser treatments, and DNA sequencing, amongst others are influencing the demand
for galvanometers in India. Due to the several advantages offered by the
galvanometer such as optimized thermal resistance and low heat generation, the
integration of galvanometers can be easily done with handheld medical devices
or complex medical instruments is expected to propel the galvanometer market
growth till FY2027” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“India Galvanometer
Market By Type (Thermo, String, Mirror, Vibration, Ballistic, Astatic) By Glass
Panel (Coloured, Transparent, Opaque, Others) By Application (Healthcare,
Telecommunication, Industrial, Commercial, Others), By Region, Company Forecast
& Opportunities, FY2027” has evaluated
the future growth potential of India galvanometer market and provided
statistics & information on market size, shares, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the of India galvanometer market.
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