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Automation Will Be An Integral Component Ascertaining Future Growth Of The Indian Manufacturing Sector, Notes Frost & Sullivan
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Thursday, November 22, 2012:
It is essential for current-day manufacturers to be extremely efficient and prudent in order to handle fluctuating market demand, and simultaneously ensure profitability. Clearly, Indian manufacturers are trying to achieve more with fewer resources. Therefore, they are relentlessly striving to reduce costs and remain competitive. Advances in the automation and control solutions space are also expected to maintain the same pace as evolving end-user challenges. Hence, despite the prevailing economic scenario, demand for best-in-class solutions in the manufacturing sector would remain high. Significant growth potential in the automotive segment, automotive sales and exports, sustained interest toward electronics manufacturing, and increasing investments in consumer packaged goods, among others, stand out as shining examples of the underlying potential of implementing automation in the industrial sector.
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Major end users of automation technology will continue to be power, oil and gas, food and beverages, pharmaceuticals, and automotive industries, as they continue to provide significant growth potential. Other industries such as consumer packaged goods (CPG), electronics, and textiles are also expected to generate significant demand for automation in the coming years. The total automation and control solutions market in India (including DCS, PLC, MES, HMI, SCADA, and APC), which generated USD1352.4 million as revenues in 2011, is expected to generate USD 2077.3 Million in 2015; with Compound Annual Growth Rate (CAGR) of 11.3 percent.
The Industrial Automation and Process Control Practice of Frost & Sullivan will be hosting the 2012 India Industrial Technologies Summit, an annual forum focused on highlighting the evolving, discrete industry imperatives on December 11, 2012, in Bangalore. This edition of the Industrial Technologies Summit will focus on the Discrete Manufacturing Segment.; while the subsequent edition will focus on the Process Segment-which is scheduled to be held in February 2013.
Mr. Arunkumar Janarathnan, Industry Manager, Industrial Automation & Process Control Practice, Frost & Sullivan, emphasizes that, "Frost & Sullivan's 2012 India Industrial Technologies Summit reflects the sense of urgency felt amongst the Indian industrial community to be future-ready now; and seeks to address this immediate need through a forum focused on innovations and best practices."
Key focus areas to be discussed at the Summit include Anticipated Challenges and Growth Strategies, Economic Indicators and Impact of the Global Investment Climate, Vital Market Drivers, Companies Success, Consistent Innovation in Process and Technologies to Enhance Productivity as well as Shareholder Returns, and much more. The Summit will provide a strategic platform for product/solution/component providers and end users to deliberate on key factors that would ensure future readiness of Indian manufacturing.
The vision partner supporting the Summit is Mitsubishi Electric India Private Limited (MEI) and the knowledge partners are Omron Automation Private Limited and Siemens. The media partners supporting the summit are Automation and Controls Today, A&D India, Automonitor, Bizxchange.in, Industry2.0, and Manufacturing Today.
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