29-31 August, 2018
8th International Exhibition on Engineering
& Manufacturing

Pragati Maidan, New Delhi,
India

Industry Scenario

TechIndia At A Glance

Industry Scenario

India's manufacturing sector has the potential to touch US$ 1 trillion by 2025. There is potential for the sector to account for 25-30 per cent of the country's GDP and create up to 90 million domestic jobs by 2025.

The engineering sector is a growing market. Spending on engineering services is projected to increase to US$ 1.1 trillion by 2020.

World demand for pumps to approach $84 billion in 2018.

•    India already exports Pumps & Valves worth over US$ 1.55 billion, serving
•    various engineering segments, to over 100 countries. The exports in this segment are growing at
     a healthy rate of around 10-12 per cent annually.
•    The global automotive gears market is projected to grow at a CAGR of 6.1% from 2015 to 2020.

The global electric motors and AC drives market is estimated to garner USD
129 billion and USD 21 billion, respectively by 2020, registering a CAGR of 5.3%
and 7.4% during 2015-2020.

•    The global Industrial Controls market is expected to reach USD 81 billion by 2021, growing at a    
      CAGR of  4.9% from 2015 to 2021.
•    Global demand for bearings will grow by 7.8% per year and will reach $ 96
      billion in 2016, as analysts say at the famous American consultancy Freedonia Group.
•    Couplings Market Growth to 2020 Driven by Wind Power Capacity Growth in
      wind power generation is expected to drive the demand for couplings during
      the forecast period. The analysts forecast global couplings market to grow at a CAGR of 2.3% during 
      the period 2016-2020.
TechIndia 2016