Russia and the CIS countries are emerging markets offering long-term potential for general purpose test equipment vendors. Government and private investments in infrastructure development and services are poised to generate new opportunities for test equipment vendors.
New analysis from Frost & Sullivan, General Purpose Test Equipment Markets in Russia and CIS Countries, finds that the markets earned revenue of $194.8 million in 2010 and estimates this to reach $247.3 million in 2015. The research service covers the following products: oscilloscopes, signal generators, spectrum analysers, multimeters, network analysers, logic analysers, power meters, arbitrary waveform generators and electronic counters.
"Investments in infrastructure are rising with constant upgrades and efforts at modernisation," notes Frost & Sullivan Industry Manager Sujan Sami. "The increase in public-private partnerships (PPP) is set to boost infrastructure development, leading to greater demand for suitable test equipment."
The education as well as the aerospace and defence (A&D) sectors are major revenue-generating streams in Russia and the CIS countries. The A&D end-user sector was not as badly affected by the economic downturn as other sectors. This, in addition to the growth in the educational sector, is driving demand for oscilloscopes and other general purpose test equipment.