| | AUGUST 20228INDUSTRY INSIGHTS1. CALIBRATION SERVICES MARKET SIZE IS PROJECTED TO REACH $10.54 BN BY 2028. HOW DO YOU SEE THIS MARKET DEVELOPING INDIA? WHAT ARE THE FACTORS PROPELLING THE GROWTH?The Indian calibration and repair services market offers significant revenue potential for service providers, as rising local demand attracts multinationals, resulting in unprecedented growth in this market. It is expected to reach Rs.927 crores by 2025, driven by increased quality awareness, metrology adoption in manufacturing processes, and stringent regulations. As a result, competition in India's calibration and repair services market is increasing, forcing participants to devise innovative strategies to maximise market performance. 2. POOR INSTRUMENT PRECISION OR UNSUSPECTED DAY-TO-DAY EFFECTS MAY RESULT IN STANDARD DEVIATIONS THAT ARE LARGE ENOUGH TO JEOPARDIZE THE CALIBRATION. HOW CAN THIS PROBLEM BE SOLVED?The best strategy before committing to a specific instrument is to estimate its precision in the environment of use for determining whether it is good enough for the requirement. An important point to consider, but one that MOBILE CALIBRATION: THE FUTURE OF CALIBRATION SERVICESBy Xercsis Marker, Executive Vice President, Godrej Lawkim MotorsXercsis Marker, Executive Vice President The mobile calibration unit by Godrej Lawkim Motors houses a range of calibration instruments and equipment as per the customer's requirement offering up to 20 services on-the-goXercsis has over 33 years of expertise in Finance, Business Development, Strategy, and Business Profitability Improvement, and has worked with a wide range of organizations and industries, including FMCG, Pharmaceuticals, Call Centers, Project Engineering and Consultancy, and Light Engineering.
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