Being a pioneer in the field of test and measurement segment, what kind of evolutions have you witnessed in the Indian T&M industry?
India is slowly progressing from price to features to specifications to reliability to safety and the market is maturing at all levels of the test and measurement industries. The era started with measurement and display of electrical parameters (single or multiple) which now has shown motion towards concerns on power quality. Parameters like harmonics, events such as voltage sag, swells or interruptions, flicker etc are now a point of concern and a new scope of measurement, display and record (time-based with user’s discretion or choice).
The Government has come up with the requirements for limiting the harmonics in the system and just like few years ago the government made rules for incentive and penalty for controlling power factor; it is time to make similar incentive and penalty rule for exceeding and controlling the harmonics.
Next evaluation will be in terms of data communication from the test and measurement instruments such that you are able to transmit the data to the cloud and manipulate the data to be able to input power quality.
Rishabh has been a leading player in Test and Measurement (T&M) from 1997. The company has witnessed substantial evolution in the products meant for power sector since its inception. Innovation is the key focus of Rishabh instruments wherein Rishabh had unique product features like automatic blocking system in digital multimeters, rotating jaw – a patented technology for digital clamp meters, operations in a live substation of 400kv with Rishabh’s Insulation testers, latest development of Bluetooth communication and android app for multimeters promoting wireless communication and safe operation.
Out of the few products mentioned above, Rishabh has come up includes 5kv Digital Insulation Tester. The product is extremely suitable for field-testing and has proven operation in switchyards where the induction voltage field up to 600V is present. We have plans to come up with more products required by power sector to cater to the requirements of similar sectors, become a prominent player, and provide next generation equipment or instruments for future needs. We continue to lead innovations in all aspect of design and manufacture of instrument.
The advancements in IoT have transformed several sectors in the country. Do you think the IoT will transform T&M sector too?
Yes. IoT will transform the T&M industry because all data will be now sent to the cloud and processed against preset algorithms to give alarms to the user or the controller. Industries will move from intermittent measurement to continuous measurement and transmit this resolution so that users are able to control parameters within the set limits and to take corrective action even before the permanent damage is done to the equipment connected to the grid. Already Rishabh makes multimeters which have a Bluetooth connection and this will now change to sim card where readings can be directly stored and processed even on the Internet.
What are the emerging sectors where the demand for T&M instruments is growing fast?
After the traditional areas of maintenance of machines, white boards, telephone networks, generation and distribution devices demand will now shift to continuous monitoring of the health of transmission and distribution network so that user becomes aware even before this disturbance cause permanent damage to the equipment connected to this load.
Monitoring of ruler networks specially that renewable energy sources are connected (solar wind) has become an important area of T&M instruments.
Fibre optic cable has been layered all over and therefore ensuring Fibre Optic Meters, Wave Form Generator and OTDR demand is growing up. Also, T&M instruments are being popularly used in nonfunctional applications such as measurement of sheet, thickness, contamination in polluting industries etc.
What are your plans for expansion and investments in terms of product development or new technology adoption in order to fulfill the demand of the industry?
We continue to develop better meters with more features but compact design to fulfill the industries demand. Instruments are required with higher bandwidth, optical parameters, insulation measurement capabilities, earth resistance testers. T&M instruments are prone to misuse both on the electrical side and mechanical side in terms of vibration shock and thermal. Hence, we design and developed FP65 multimeter which can withstand such abuse in the field. Our existing multi meters are also designed with such reliability.
What kind of post-sales support do you give?
One of the most important requirements is calibration and repair services. All T&M instruments must be calibrated from time to time. We conduct calibration camps in many of the sites in India. People need application support to find the right product for the right usage. People expect us to give application nodes for innovative application where this product can be used.
What is your take on manufacturing activities in the country? Has ‘Make in India’ started to deliver?
Make in India is one of the colossal campaigns taken by the Government of India. I think it will lead to an increase in exports and manufacturing providing many new opportunities to the young blood in India. It will boost the economic growth in India along with GDP and will solve the employment issues faced by the young generation. It also fosters the entrepreneurial skills within India and many potential business amateurs are turning into successful entrepreneurs. There is a lot of work being done on innovation on both the technology side and business side.
Make in India creates a higher brand value of Indian products in the international markets. Already, Rishabh has started leveraging the same, as the export business of Rishabh comprises of 60 per cent of the overall business of the company. It conjointly says that all the foreign companies have to have their 60 per cent manufacturing set up in India. Indian products will also have global level specs and will comply with all international products available in the market with neck-to-neck match to the global players.
In India, around 98 cities and towns are in the blueprint to transform as Smart Cities. There is huge scope of opportunities for the industries in India to play a catalyst role for this enormous transformation of cities. Rishabh mainly deals in electrical sector and under Smart City initiative; the major transformation would be with electrical grids, energy conservation initiatives, energy utilisation and other such crucial factors. Rishabh has good opportunities with these government initiatives as we are already into the industrial control products and T&M instruments.
The new government policies like Start up India, Make in India, Clean Energy, and UDAY will accelerate the growth in this sector with a good pace and would form a sustainable roadmap for this sector. At the same time, it would be prudent to have realistic energy price levels for the Non-Conventional energy sources to sustain the business model.
What is your vision for T&M industry for 2019-20?
The T&M industry will grow at least 15 per cent in the coming year in that new products such as for measuring parameters rather than electrical such as optical will become more popular. Demand for high end multimeters being able to measure up to a bandwidth 100 KW – 200 KW.
Multimeters and clamp meters having all the facilities of the multimeters with the clamp will become more popular. Coming years should also see insulation testers which can withstand magnetic fields generated by 400 kv lines in the 5 kv and 10 kv sector. Analog products are nearly out and only digital multimeters, clamp meters, insulation testers. Humidity and wind speed measurement will replace the analog meters. More foreign players will be interested in coming to Indian market which has a continuous growth.