India's No.1 Automation Expo attracts record participation for 12th edition

| Updated: Aug 03, 2017 20:01 IST

New Delhi [India], August 3 (ANI-Businesswire India): Automation Expo 2017, India's biggest and South East Asia's second biggest automation show attracted a record number of exhibitors with over 900 companies from over two dozen countries represented at the event. The 12th edition of the show will be held from August 9 to 12 at Hall No.1, Bombay Exhibition Centre, in Mumbai. The exhibition, spread across an area of 23,000 sq.mtr, will have on display a vast array of products and innovations from global leaders in the field of Industrial Automation, now entering the era of Industrial Internet of Things (IIoT). The show is supported by the Department of Science and Technology, Government of India, and a host of other professional bodies. The mega automation show will be inaugurated by B. Narayan, Group President (Procurement and Projects), Reliance Industries Ltd, at a grand opening ceremony in the presence of an august gathering of industry stalwarts and automation professionals. The four-day extravaganza will witness on display state-of-the-art products and cutting edge technologies from the field of process automation and control systems, factory automation, industrial automation, field instrumentation, smart sensors and controllers, robotics and machine automation, motors and drives, software solutions, bus technologies, wireless technologies, building automation, automation in hydraulics and pneumatics, automation in renewable energy and safety and security systems. Since inception fifteen years ago, Automation Expo has consistently evolved as a top-of-the-class platform to showcase the world's best automation technologies at a single venue. The exhibition brings together the Who's Who of the industry, decision makers, technocrats, and technology enthusiasts. Here professionals like fund managers and venture capitalists mingle with technology providers in one-to-one meetings seeking investment opportunities and explore mergers and acquisitions (M&A) possibilities to create sustainable business models for the future. "Automation is no longer an emerging trend or a cutting edge technology for the future. It is the reality we need to live with, here and now. Today there is a pressing need for every industry in India to embrace automation to take on global competition," said M. Arokiaswamy, Managing Director, IED Communications Ltd. The 12th edition of the show is expected to get more than 50,000 visitors from various OEMs and industries such as oil and gas, automobiles, pharmaceuticals, food processing, fertilizers and chemicals, cement, glass, electrical and electronics, and other automation technology users and solutions providers. With more than 900 top automation manufacturers and solution providers already gearing up to showcase their technology prowess at the mega event, the upcoming show is surely going to set a benchmark in the history of the Indian Automation Industry. Automation Expo 2017 will also host concurrent events: •CEO Summit on Innovation and R&D -August 9 •Conference on Automation in Pharma -August 9 •Conference on Industrial Internet of things -August 10 •Machine Safety Interactive Session -August 10 •Conference on Cyber Security -August 11 •Workshop on SIL and Functional Safety -August 12 •The Industrial Automation Market Transparency Market Research (TMR) observes that the global industrial automation market is highly fragmented due to the presence of several players in the field. The top four players with a strong foothold in the global market hold just under 15 percent of the market share, which indicates the extent of fragmentation. However, there is some consolidation happening gradually as indicated by the acquisition of MYNAH Technologies by Emerson, Rockwell Automation's acquisition of Maverick Technologies and ABB's acquisition of Bernecker & Rainer (B&R). According to the TMR report, the global industrial automation market is anticipated to reach a valuation of USD 352.02 billion by the end of 2024 from USD 182.64 billion in 2015. Between the forecast years of 2016 and 2024, the global market is expected to expand at a CAGR of 6.6 percent. "Developing new technologies that deliver commercial excellence, functional transformation will be the key focus areas of these companies," stated the lead author of this research report. The Indian Industrial Automation Industry is expected to reach INR 197 billion by 2020 with growth driven by rapid adoption of modern technology backed by cost saving features, says Ken Research, a global aggregator and publisher of market intelligence research reports, equity reports, data base directories and economy reports. The Factory Automation market has been the fastest emerging segment in the industrial automation market in India. Automotive industry has been an integral part of the factory automation since the inception of automation practices, thanks to assembly line mass production which includes welding, cleaning, joining solutions, engine assembly. The demand of Process Automation products has been primarily driven by pharmaceutical sector, largely due to the huge demand of medicines and other pharmaceutical products. The process automation market in India has been largely dominated by pressure transmitters. (ANI-Businesswire India)
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