Industrial Products Finder - November 2018
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India is emerging as a key market for material handling equipment (MHE) with a spurt in the number of warehouses and container freight stations. This will, in turn, boost the demand for MHE like forklifts, pallet trucks, stackers, order pickers and reach trucks. Increasing penetration of advanced technologies, such as RFID, IoT, and voice picking, are expected to give a boost to the material handling equipment market. IPF's Nov 2018 edition tracked the performance of the “Material Handling Equipment” industry. The second Focus Section highlighted trends in “Mechanical Power Transmission & Fluid Power”. As India looks to meet its energy demand on its own, which is expected to reach 15,820 TWh by 2040, renewable energy is set to play an important role. By 2030, renewable sources are expected to help meet 40 per cent of India’s power needs. New investments in clean energy in the country reached $ 11 billion in 2017. IPF Nov 2018 highlighted the importance of “Renewable Energy” and new opportunities that it offers to the suppliers. The fourth Focus Section discussed growth drivers & challenges facing the “Packaging, Printing & Labelling” industry and also the scope of “3D Printing (Additive Manufacturing)” in the manufacturing sector.
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