• Concepts like Artificial Intelligence, Machine Learning, Digital Transformation, etc., are now a reality.
Mumbai, August 20, 2018 : According to a recent report by Research and Markets, the Industrial Automation Market in India will witness a CAGR of 11.6% during the forecast period 2017-2023. It is an evolving market driven by increasing Foreign Direct Investments (FDI) and sustained growth of the manufacturing sector. The Make in India initiative aims to strengthen the manufacturing sector from its current share of 16.57% of the GDP in FY2017 to 25%-30% of the GDP by FY2030. In fact by the end of 2020, it is expected that the Indian manufacturing sector will touch USD 1 trillion and generate 90 million jobs.
Such an ambitious growth target cannot be achieved by conventional manufacturing practices. It calls for more automation backed by the latest advances in the field with the onset of Industry 4.0 and the creation of smart factories with digitally connected machines in the age of Industrial Internet of Things (IIoT). Concepts like Artificial Intelligence, Machine Learning, Digital Transformation, etc., are now a reality with devices enabling their practical implementation on the shop floor.
It is against this backdrop that India’s biggest and South east Asia’s second largest industrial automation exhibition – Automation Expo 2018 is being held from August 29-September 01, 2018 at Bombay Convention & Exhibition Complex, Goregaon (E), Mumbai, organised by IED Communications, the 4-day event, spread across Halls 1 and 2, will cover Process Automation, Factory Automation, Instrumentation & Control, Pumps & Valves, Hydraulics & Pneumatics, Robotics, and Home & Office Automation. With participation of over 900 companies from 20 countries, more than 20,000 products are estimated to be on display.
The factory automation market in India has been the fastest emerging segment in the Industrial Automation Industry in India with a CAGR of 12% during 2015 and 2020. Automation systems with innovative features are being set up in all the major industries like automotive, chemicals and mining. The Automotive industry is an early adopter of factory automation and has demonstrated the results achieved with assembly line mass production which includes automation in wielding, cleaning, joining solutions, engine assembly.
Process automation market has also contributed significantly, with the demand driven by segments like oil & gas, refineries, pharmaceuticals, food & beverages, packaging, etc., as also the core sectors of mining and power generation and distribution. Given the present scenario, the process automation market is expected to continue its growth trajectory in the next five years. This is essential to achieve the ambitious target of making India a global hub for manufacturing, design and innovation.
The concurrent events during Automation Expo 2018 includes Factory Automation Round table, CEO Summit on Automation Trends, Conference on Industrial Internet of Things (IIoT), and a Conference on Environmental Management.
For more information and registration, visit at : www.automationindiaexpo.com