17−19 December 2020
10th International Exhibition on Engineering
& Manufacturing

Pragati Maidan, New Delhi,
India

 

Facts & Figures

Industrial expansion and growing per capita income are leading to growth in power demand. Power sector is to attract an investment of US$ 179.31 bn. by 2022. The manufacturing industries has also emerged as one of the high growth sectors in India. The manufacturing sector of India has the potential to reach US$ 1 trillion by 2025 and India is expected to rank amongst the top three growth economies and manufacturing destination of the world by the year 2021.

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% until 2021. 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 engineering sector is a growing market. Spending on engineering services is projected to increase to US$ 1.1 trillion by 2020.
 
Market Trends: -

  • The global Bearings Market is expected to reach US$ 172.2 bn. by 2025
  • Indian Industrial Valve Market expected to reach US$ 3 bn. by 2023
  • Industrial Automation Industry in India is expected to reach US$ 3.5 bn. by 2021
  • The mechanical power transmission equipment manufacturing market is expected to reach a value of nearly $99.12 billion by 2022, significantly growing at a CAGR of 8.9%.

 

TechIndia 2016