SHIFT OF MANUFACTURING FROM CHINA TO INDIA

India poised to become the manufacturing destination for electrical equipment in the coming years Commented [vs1]: Try to see if we can get any numbers
to back this up.

GLOBAL T&D MARKET ECOSYSTEM

DEMAND DRIVERS
 Growing advancement in the electric transmission and distribution (T&D) technology.
 Growing number of installations of the electric system at commercial and residential
places such as air conditioners, ventilators, lighting system and fire protection system
is majorly impacting the electric T&D.
 Modernization in the electric grid and the technological advancement of T&D
equipment.
 Electrification of large sectors of the economy.
 Decentralization of the system to make the customer as involved.
 Digitization of the grids and meters.

TRENDS
 Transforming the transportation economy towards using electric vehicles fuels.

SIZE
 The global electric transmission and distribution equipment market is valued at USD
215 billion and is set to reach nearly USD 312 billion by 2024, growing at a CAGR of
6.41% over the forecast period.

INNOVATIONS
 Internet of Things technologies for Power Transmission
 Wireless Power Transmission
 High Voltage Transmission (HVT) Lines
 EHV-Related Issues and Solutions
 High Voltage Transmission Deployment Gain Traction
 Overhead Lines (OHLs)
  Ultra-HVDC Transmission Lines
 HVDC Transmission Lines for Transmitting Renewable Energy to Remote Places
 Intelligent Transformer Substations
 Intelligent Solutions for Distribution Grids
 Advanced Design
 Adoption of Regulated Distribution Transformers
 Notable Smart Transformer Innovations

Global Scenario of Sheet Metal Fabrication

The sheet metal fabrication services market has acquired a vital position in the global
metalworking sector and is likely to exhibit rapid growth in demand in the coming years. The
sheet metal fabrication services market has been driven by the urbanization observed in
several developing regions across the world, as well as steady growth of key end use
industries such as aerospace and automotive. Ready to install fabrication products have
become vital for these and other end users in the sheet metal fabrication services market,
which is likely to aid steady progress of the sheet metal fabrication services market in the
coming years. The global sheet metal fabrication services market is projected to exhibit a
CAGR of 1.4% between 2017 and 2025.

Type of Raw Material in Demand

By metal type, the global sheet metal fabrication services market is segmented into steel,
aluminium, and others such as copper and tungsten. Steel is the predominant leader in the
global sheet metal fabrication services market due to its widespread use in the construction
industry. Aluminum could also exhibit rapid progress in the coming years due to its growing
demand in the automotive industry and the booming aerospace sector. Aluminum is likely to
account for close to 40% of the global sheet metal fabrication services market by the end of
the forecast period. Moreover, the demand for copper, tungsten, and other sheet metal
fabrications is likely to be aided by the rapid urbanization across the world, as these two
metals have several applications in urban infrastructure.
The steel market is segmented into grade 301 stainless, grade 304 stainless, grade 316
stainless, grade 410 stainless, and others. The grade 301 stainless and grade 304 stainless
segments dominated the market in 2016.
Based on form, the sheet metal fabrication services market is segmented into bend/angular
sheet, punch sheet, cut sheet and other forms. Bend/angular form contributed maximum
market share towards the total sheet metal fabrication services market in 2016 and is
expected to grow at healthy CAGR during the forecast period of 2017-2025. Nevertheless, the
punch sheet and cut sheet forms collectively accounted for 52% of the global sheet metal
fabrication services market in 2016 and are also likely to remain dominant contributors to the
market in the coming years.

Favourable Markets for Sheet Metal Fabrication

Geographically, North America is the leading contributor to the global sheet metal fabrication
services market and is likely to remain a significant regional player in the market in the coming
years. Asia Pacific is also likely to emerge as a major regional player in the global sheet metal
fabrication services market due to the rapid industrialization in the region. The North America
market for sheet metal fabrication services totaled US$635.7 mn in 2016 and is likely to rise
to US$711.1 mn by 2025. However, the 1.3% CAGR projected for the North America market
is likely to be bested by Asia Pacific, where the sheet metal fabrication services market is
expected to exhibit a CAGR of 1.8% in the 2017-2025 forecast period.

Key Players in US in Sheet Metal Fabrication

Some of the key players engaged in the sheet metal fabrication services market are
 Standard Iron & Wire Works Inc.
 Hydram Sheet Metalwork
 Classic Sheet Metal Inc.
 Noble Industries Inc.
 The Metalworking Group
 Metcam Inc.
 Moreng Meta
 All Metals Fabricating Inc.
 Mayville Engineering Company Inc.
 Marlin Steel Wire Products LLC
 Kapco Metal Stamping
 BTD Manufacturing Inc.
  Ironform Corporation.

ELECTRONIC MANUFACTURING SERVICES (EMS) IN INDIA

According to a Frost & Sullivan report, the Indian EMS market is expected to reach a market
size of US$ 7.92 billion by 2018. Low operating costs and low competitive scenario, which
provide ample potential for penetration by original equipment manufacturers (OEMs) and
EMS providers across different sets of verticals.
Aerospace and defence OEMs have been increasingly depending on EMS providers to address
risk management, logistics and aftermarket service needs. EMS companies that have a global
supply chain and advanced technological capabilities can easily exploit this trend.
Make In India campaign, which is backed and fully supported by Defence Procurement Policy
(DPP) 2016, Preferential Market Access (PMA) Policy and incentives like MSIPS, has attracted
OEMs to explore the option of manufacturing in India.
Only a few Indian EMS providers offer turnkey solutions for PCBAs, utilising chip-on-board,
surface mount and through-hole technologies. They also provide complete assemblies
including plastic mouldings, metal-die castings and sheet metal fabrications, apart from
finishing, painting and printing—in short, deliver the final assembly of completed units. This
opens up vast business expansion opportunities for Indian EMS companies.
Design is the best value-added service that an EMS company can provide. Hence, original
design manufacturer services become a very important and cost-effective solution for
customers. Additional scope for business lies in the area of reverse logistics. Services related
to repair/reworking and refurbishment work will not only help EMS firms get additional
business from OEMs but also enable them to play a role in e-waste management.
Domestic demand for electronic products is expected to grow at a CAGR (compound annual
growth rate) of 41 per cent during 2017-2020 to reach a turnover of US$ 400 billion by 2020.
The domestic manufacturing of electronic hardware, which is currently growing at a CAGR of
27 per cent, may touch US$ 104 billion in 2020.
This offers a huge opportunity for the Indian electronics manufacturing services (EMS) sector.
Over the next five years, accelerated local manufacturing of electronic products to cater to
growing domestic demand will drive the EMS sector in India forward. Local firms backed by
the ‘Make in India’ initiative, as well as global giants looking to relocate their manufacturing
bases from China to alternate locations such as India, Vietnam and Indonesia due to mounting
labour costs, will provide a strong impetus to the Indian electronics industry. Global as well
as domestic electronics manufacturing services (EMS) players are looking at India as an
investment destination with renewed interest. The Indian government is also making earnest
efforts to increase domestic manufacturing.

Market Opportunity
The EMS industry in India has witnessed a lot of activity in recent years, both at the policy and
organisation levels. While there is a high level of optimism within this industry at present,
there are also many challenges that need to be addressed, to help India emerge as a major
manufacturing hub in the years to come.
Despite that, the EMS market is expected to be highly dynamic in the coming year, with India
emerging as a hot spot for electronics manufacturing among South Asian nations owing to
the low operating costs.
Manufacturing partnerships have been growing steadily, and at the same time, OEMs are
striving to cut costs to maintain their competitive advantage in the face of rapidly changing
market conditions, tech advances and global competition.
Other opportunities for EMS providers are in medical electronics and strategic electronics
(including aerospace, defence and railways).
According to survey participants, the demand for EMS in medical electronics is totally driven
by the increase in health consciousness and the higher average life expectancy. Moreover,
the medical electronics segment has not been negatively impacted by recent government
reforms like demonetisation and GST implementation.
 Figure: Forecast of the main sectors that will drive growth in the EMS domain in India

Aerospace and defence (A&D) OEMs have been increasingly depending on EMS providers to
address risk management, logistics and after-market service needs. EMS companies with
global supply chains and advanced technological capabilities are well positioned to exploit
this surge in demand. The Asia Pacific region is expected to be the hot spot for EMS providers
as aerospace OEMs are fast shifting focus to this region. Towards the end of the decade,
emerging markets like India are expected to become a very lucrative destination for EMS
providers in the aerospace sector.

Growth strategies
EMS companies operate as strategic partners of OEMs by providing them with a full range of
services, which include contract design services, prototyping, final system assembly,
configuration, order fulfilment, and even after-market services, including repair. By using the
services of EMS providers, OEMs can concentrate on their core competencies such as research
and product development, brand building, sales and marketing. Outsourcing to EMS providers
also enables OEMs to gain access to the latest equipment, process knowledge and
manufacturing knowhow without having to make substantial capital investments, as the risks
are converted into variable costs.
The ever increasing end user demands and fast-paced technological developments compel
OEMs to continuously introduce new and innovative products into the electronics market.
Consequently, they have to increasingly depend on EMS providers who offer significant
benefits such as cost savings, reduced time-to-market, quality and flexibility.

Trend in EMS Services

Electronic products need constant design revision, as end users expect creative and
continuous innovation. Therefore, electronic product design and development is often
outsourced to ODMs (original design manufacturers). The sooner an OEM engages a contract
manufacturer for product design and development services, the better—particularly when
the product being designed moves into the production and ramp-to-volume phases.
The ODM is expected to have experience in designing and manufacturing similar products.
This enables the OEM to minimise costly design iterations, helps bring the product to market
sooner and adds several other benefits to the contract manufacturing relationship.
Almost all the survey participants indicated that ODM services are in demand. Design is the
best value added service that an EMS company can provide. Moreover, ODMs can develop
unique products based on the Indian market’s needs, combining ‘Designed in India’ with
‘Make in India’.

The challenges in moving forward

The success of Indian EMS players depends on several factors. We asked the survey
participants to suggest the possible challenges that could derail the growth of this industry.
Here is a collation of their opinions:

 Inefficient supply chain for the required electronic components

Unfair playing field, since companies from competing countries (China, Vietnam,
Indonesia, etc) have access to finance at a much lower cost
 Logistics inefficiencies and infrastructural bottlenecks, resulting in greater
turnaround time and costs
 Higher cost of infrastructure
 Shortage of skilled manpower
 Limited support from the government

Growing Opportunity for Cooperation with Developing Countries

While production costs in Europe are high, the fast development of markets outside Europe
defines global trends and market needs. In the short and medium term, high production costs
in Europe are expected to intensify pressures on European manufacturers. Increasing labour
and production costs in ‘technology-rich’ countries such as Germany, Switzerland, Finland or
Sweden have driven production outsourcing to labour-rich countries and have generated a
shift to Engineering & Manufacturing Services (EMS) providers. As a developing-country
exporter you will have a cost advantage by offering labour intensive products, and you will
benefit from the ability to supply better-priced electronics. In this context, developing
countries such as Vietnam have started benefiting from a production shift away from China,
as labour costs there are rising significantly. There is also the chance that production will
return to Europe in the future in the medium and long term as automation of machinery
reduces the significance of labour costs; however, the trend of relocating away from Europe
has been stronger thus far.

Market for Electrical Equipment in Europe

Through the penetration of new markets and the growing share of electronics in applications,
the electronics and electrical engineering market in Europe is growing in the short term and
is expected to continue to do so in the long term.
Semiconductors, which are widely used in numerous applications including energy,
automotive, healthcare and other industrial segments, did well in 2015 Europe-wide, showing
a high single-digit growth driven by sales in Germany, France and the UK. Electromechanical
components also did well. In terms of growth rates, sensor and optoelectronics have done
especially well according to the association FBDI, with a two digit cumulated average growth
rate over the twenty years from 1995 to 2015.
Western European markets remain the largest consumers of electronics and electrical
engineering in Europe due to their population size, economic power, and sophisticated
demand. After years of economic downturn the UK strengthens its position as second largest
market behind Germany. Spain seems to have stabilized its economic situation and starts
growing again. This goes along with decreasing unemployment rates which, however, remain
high, with around 20% in 2016. It is best to target smaller Southern and Eastern European
countries through large trade hubs in Western and Northern Europe.

The automotive, automation, lighting, energy and medical industries are set to drive Europe’s
production of electronics and electrical engineering, in particular professional solutions and
finished goods. Europe’s production continues to rebound, benefiting from economic
recovery within Europe as well as the USA.

The re-industrialization initiative in the USA has driven growth and demand for sophisticated
automation machinery from Europe, especially in Germany, in 2015 and 2016 and is expected
to do so in 2017 as well. For the German electrical and mechanical engineering industry the
USA is the most important export market. It also helps to partly compensate for the lower
demand from China in 2016.

Industry automation has led to an increasing integration of IT, mechanical and electrical
engineering. The 2016 Hanover Fair has shown that small- and medium-sized enterprises have
also started following the smart industry trend consistently. The trend has started covering
all fields of industry automation.

European OEMs have started separating high-tech and low-tech, or high-price and low price
electronic product parts. In the automation industry, a split of hardware (low-price) and
software (high-price) will occur as a result of retaining intellectual property rights, for example
developing software in-house while purchasing hardware from developing country suppliers.
Germany, but also France benefits from its strong expertise in industrial processes, intelligent
machinery, drives, sensors, actuators, controls and system integration. This also opens up
business opportunities for companies like you, as a supplier of hardware components to
European and especially German manufacturers in the short and long term.
INDIAN ELECTRONIC AND ELECTRICAL EQUIPMENT MANUFACTURING

The size of the Indian electric equipment industry is $23 billion, out of which $5.9 billion is
exports. The Indian market comprises of close of 15% of imports, mostly from China.

The Indian electronics industry has emerged as one of the fastest-growing segments in the
country. Demand for electronics has been rising constantly and is estimated to reach a market
size of US$ 400 billion by 2020. Of this, electronics manufacturing service (EMS) is expected
to contribute a significant share.
According to a joint study by ASSOCHAM and NEC Technologies, domestic demand for
electronic products is expected to grow at a CAGR (compound annual growth rate) of 41 per
cent during 2017-2020 to reach a turnover of US$ 400 billion by 2020. The same study also
mentions that domestic manufacturing of electronic hardware, which is currently growing at
a CAGR of 27 per cent, may touch US$ 104 billion in 2020. This offers a huge opportunity for
the Indian electronics manufacturing services (EMS) sector.

Major Players in Electronics Manufacturing in India

1. Amara Raja Electronics Ltd

2. Avalon Technologies Pvt Ltd
3. Centum Electronics Ltd
4. Elin Electronics Ltd
5. EOS Power India Pvt. Ltd
6. Flextronics Technologies India Pvt Ltd
7. JABIL Circuit India Pvt Ltd
8. Kaynes Technology India Pvt Ltd
9. QUAD Electronic Solutions (P) Ltd
10. Rangsons Electronics Pvt. Ltd
11. Sahasra Electronics Pvt. Ltd
12. S. B. Technologies
13. SGS Tekniks Manufacturing Pvt Ltd
14. SGV Industries
15. Smile Electronics Ltd
16. Syrma Technology Pvt Ltd
17. Sanmina-Sci India Ltd.
18. SFO Technologies Ltd.
19. Dixon Technologies Ltd.
20. NTL Electronics Ltd.
21. Asha Electronics Ltd.
22. Cubix Control Systems ltd.
23. GM Enterprises
24. Micron EMS
25. Frontline Electronics Ltd
26. Unified Electronics (I) Ltd.

EMS Future Growth Potential

Initiatives supporting Growth in EMS

 Make in India : The government has cleared 74 investment proposals worth INR 173
billion in the electronics manufacturing sector out of 195 proposals entailing
investments worth INR 1.21 trillion under M-SIPS till May 2015. The majority of the
 remaining proposals are under appraisal. This increased investment is attributed to
the ‘Make in India’ campaign.

 Solar power and LED distribution : The Solar Energy Corporation of India Ltd has taken
a major initiative, namely, ‘The Jawaharlal Nehru National Solar Mission’. The mission
has set the ambitious target of deploying 20,000 MW of grid connected solar power
by 2022 and aims at reducing the cost of solar power generation in the country
through (i) long-term policy; (ii) large-scale deployment goals; (iii) aggressive R&D; and
(iv) domestic production of critical raw materials, components and products. As part
of its effort towards energy saving, the government distributed more than 111 million
LED bulbs as on May 2016

 Smart Cities: The Smart Cities mission is an urban renewal and retrofitting program by
the GoI with a mission to develop 100 cities across the country, making them citizen-
friendly and sustainable. The Union Ministry of Urban Development is responsible for
implementing the mission in collaboration with the state governments of the
respective cities. The vision is to develop 100 smart cities as satellite towns of larger
cities and by modernizing the existing mid-sized cities

 Digital India: The Digital India program is a flagship program of the GoI with a vision to
transform India into a digitally empowered society and knowledge-based economy.
Digital India aims to provide a much-needed thrust to the nine pillars of growth areas,
which are: 1. Broadband highways 2. Universal access to phones 3. Public internet
access program 4. e-Governance 5. e-Kranti - Electronic delivery of government
service information for all 6. Information to all 7. Electronics manufacturing 8. IT for
jobs 9. Early harvest programs Under pillar 7, the GoI has targeted NET ZERO imports
of electronics. Through pillar 5, the GoI intends to bring technology into all aspects of
a society like education (e.g. schools connected with broadband and free wifi),
financial inclusion (e.g. mobile banking, microATM programs) and agriculture (e.g.
real-time price information)

 National Knowledge Network : In March 2010, the government approved the

establishment of the National Knowledge Network (NKN) at an outlay of INR 59.9
billion, to be implemented by the Network Interface Controller (NIC) over a period of
10 years. The objective of the NKN is to connect all knowledge institutions across the
country through a high-speed data communication network to encourage the sharing
of resources and collaborative research. This would cover about 1500 institutions
comprising all universities, institutions of higher learning and research

Challenges faced by EMS companies in India

Dutch Minister for foreign trade and development cooperation Sigrid Kaag is wooing large
Indian companies and start-ups to form partnerships with Dutch firms and explore markets
in both countries.

VALUE CHAIN IN ELECTRONICS AND ELECTRICAL INDUSTRY

Broadly, the electronics industry is categorized under Consumer, IT, Medical, Strategic
Electronics, Communications, Automotive and Industrial segments.
With the renewed focus by Govt of India in the area of manufacturing “Make in India” and
also creating an environment of “Ease of Doing Business in India” we foresee the Indian
manufacturing sector (including design, wherever applicable) to see high growth rates in the
coming years.
The recent trend has been that OEMs in the high technology sector are also outsourcing their
hardware design requirements which has significant potential for growth Strategic
Electronics. The Indian Defense Budget is increasing year on year both in terms of the total
value and also as a percentage of the budget allocation itself. Of the total defense budget, the
percentage of expenditure towards Capital head is increasing every year creating an even
bigger opportunity for the defense market. Also studies show that Indian defense market is
one of the most attractive defense markets in the world. The Defense Procurement Policy
(DPP) of Government of India has created a huge opportunity for Indian industries. Over time,
the DPP has been modified taking into account the feedback from various stakeholders and
an updated DPP 2016 has been released. DPP 2016 gives a higher focus on “Make in India”
and “Self-Reliance”. For example, procurements which may have been classified under “Buy”
or “Buy & Make” categories earlier, would under DPP 2016 be classified as “Make” category
which would bring lot more opportunity for Indian companies. This would also prompt the
Indian / Foreign companies to create Joint Ventures in India to address the Indian market.

The Armed forces, till recently, procured their requirements either from direct imports or
products developed by DRDO labs and productionized by defense PSUs or the Ordnance
factories. Due to Govt of India’s focus on self-reliance, new opportunities are emerging in this
sector. To accelerate the process of selfreliance, DRDO labs are partnering with private
industries in designing new products and also willing to transfer technologies of complex
products which hitherto were partnering only with PSUs or Ordnance Factories. Till recently,
the indigenous defense manufacturing was restricted to Defense Public Sector Units and
Ordnance Factories only. Due to increasing requirements, the Defense PSUs and the
Ordnance Factories have a huge order book and should more actively work with the private
industry to fulfill the requirements. However due to legacy issues of being vertically
integrated, the PSUs still do not involve the private industry as much as they should, to be
mutually successful.

Space India has a space program which is very vibrant and successful. The Government of
India has given the Indian Space Programme a special status. The number of satellite launches
by the Indian Space Agency has been increasing steadily in the last few years and ISRO plans
to launch ten to twelve satellites per year in the near future. Until recently ISRO manufactured
the systems and subsystems in-house or imported them. However, due to the increased
requirements coupled with Govt.’s focus on self-reliance ISRO, is actively involved in
developing the private industry in meeting their increasing requirements. This clearly sets the
tone and directions ISRO wants to move, which will be great opportunity for the private
sector.

Industrial This sector comprises of segments like Power, Process Automation,

Instrumentation, Energy, etc. Industrial sector is one of the late entrants to the concept of
outsourcing their electronic hardware compared to Telecom and IT sectors. This was due to
the stringent quality requirements and long product lifecycles. The large multinationals in this
industry segment are focusing on low cost countries like India for their outsourcing
requirements due to the design, engineering and testing skills required to manufacture these
products. This is growing market for our products and services. We also see a trend of
multinational companies starting green field projects or acquiring companies in India. To
make their products competitive these Indian Units, are creating a supply chain eco system in
the country.

Transport Locomotives, Trams, Metros come under this sector. The lifespan of the products
in this sector is very long and hence the quality and reliability requirements are very critical.
This is a sector which is growing especially in the emerging markets such as China, India, Brazil,
South Africa etc., In the developed nations transportation systems with newer technologies
are being introduced. Also, these nations have extensive public transportation systems, but
they are ageing and need refurbishment or upgrade.
“Built to Specification” (BTS)
Design Services
“Built to Market” (BTM)
“Built to Print” (BTP)

In this business model, the customer gives only the specifications and the company designs,
develops and manufactures the product. As design is the critical factor in functioning of the
product, the Value Add is generally higher. . However, as the design and development phase
involve multiple iterations and certifications, the lead time to take this to mass production is
generally long.

Design Services: As mentioned above in the section on “Industry Structure & Development”,
OEMs in high technology areas are also increasingly outsourcing their design requirements
for reasons of cost, flexibility, time to market, lifecycle management etc., Investment in
Adetel has enabled your company to enter this business, which otherwise would have taken
a very long time and it is a high growth business in which India has proven capabilities.

BTM: In this business model, a deep understanding of the industry domain is essential. Here,
significant amount of R&D is undertaken to develop innovative and unique products for a
given market. Since the IP belongs to the company, there is opportunity for higher price
realization. The flip side of this model, is the product developed may not have the market
potential as forecasted and / or the product development cost is higher than the plan and
these reasons, can create margin pressures

BTP: In this business model, the customer supplies the design and the company builds the
product to the design provided by the customer. The critical success factor of the BTP model
is operational excellence thro’ efficient supply chain management and lean manufacturing
practices. As the design is ready, generally the ramp to the production phase is quicker

The world-wide supply chain for electronic components becoming difficult with many
components going on allocation and very long lead times. USD 110 billion in transmission and
around USD 190 billion in the Distribution sector. According to a recently released TechSci
Research report, “India Power and Distribution Transformers Market Forecast and
Opportunities, 2020”, the power and distribution transformers market in India is projected to
grow at a CAGR of over 10% till 2020. Power transformers contribute a major portion in
overall market revenues due to their higher price points. India is also focusing on use of
 alternative energy resources like nuclear and solar energy for power generation, which is
expected to further boost transformer deployments in the country in the coming years

FAVOURABLE INDUSTRIES FOR LCPL

Honeycomb Industry
The Global Honeycomb Packaging market accounted for $9.59 billion in 2017 and is expected
to reach $17.93 billion by 2026 growing at a CAGR of 7.2%. Rapid growth in the electronic
sector, increasing applications of honeycomb packaging in various industries and growing
demand for environment friendly, lightweight and low cost packaging are some of the factors
driving the market.

Depending on Packaging Type the exterior packaging segment dominates the market owing
to rising need for boxes, containers, cartons; continuous demand from end-user industries
such as automobiles, furniture, and consumer goods and it provides enhanced safety in
product transportation and is easy to handle. Rising disposable income of individuals has
increased the consumer's purchasing power for various products due to its aesthetic look
which inturn has raised the demand for exterior packaging in the market.

Geographically, North America dominates the market owing to rising need for automotive,
furniture and consumer goods and presence of large size end-user industries in the region.
Inaddition Asia Pacific region is anticipated to grow at a higher rate due to rapid urbanization
and increased penetration of end-user industries in this region

Global Companies manufacturing Honeycomb Panels

 BASF SE
 DS Smith
 Sealed Air Corporation
 Sonoco Products Company
 ACH Foam Technologies, Inc.
 Lsquare Eco-Products Pvt. Ltd.
 Smurfit Kappa Group
 WestRock Company
 Packaging Corporation of America
 Huhtamaki Group
 Cascades
 Axxor
 Dufaylite Developments
 Multi-Wall Packaging
 Rebul Custom Packaging
ELEVATOR MARKET IN INDIA
The Indian elevator industry has witnessed rapid growth of 13.5% per annum since 2001.
High-rise trend is the key influencing driver of the elevator market in the country. Vertical
development in the residential and commercial building sector is a recent development that
is gathering momentum across several cities in India. While factors such as rapid urbanisation,
access to liveable space and escalating land costs are the key drivers of the high-rise trend, a
key enabling factor is the revision and relaxation of the building norms by some of the state
governments. By 2030, near 50% of the country’s population is expected to live in the urban
areas, a sharp rise from the current 31%.
The Global market for elevators is estimated at around 750,000 – 800,000 units with China
accounting for about 65% in 2013. India comes in next at 52,600 units and the market is
forecast to cross 100,000 mark by 2018.
The leading city markets for elevators are Mumbai, National Capital Region (NCR), Pune,
Chennai, Bangalore, Ahmedabad, Kolkata, Hyderabad and Surat. The top 30 cities accounted
for over 70% of the elevator market in India, in 2013.
Passenger elevators form around 85% of the total elevator market in India. The market for
home elevators, though small now, is growing rapidly fuelled by the “necessity-health” factor,
changing lifestyles and increasing demand for villas and premium / designer apartments. The
market is gradually moving towards better aesthetics, higher speeds, use of gearless motors
and so on.
India is home to about 300-400 elevator manufacturers and the top six elevator
manufacturers are Johnson, Kone, Mitsubishi, Otis, Schindler and ThyssenKrupp, with a
combined market share of near 70%, in 2013. While Johnson is an Indian company, the other
five are subsidiaries of leading multinationals; Japanese elevator manufacturers, viz. Fujitec,
Hitachi and Toshiba are the recent entrants. Many elevator companies are expanding their
facilities or setting up new green field facilities in India. Over the last decade, some of the
regional players have done well and have scaled up their technical capabilities.
The country has also moved up the value chain in terms of greater sophistication in the
elevator features such as energy efficient elevators, advanced safety mechanisms and
improved aesthetics. However, in sheer technology terms the country has some catching up
with other developed markets. The modernisation market in India, hitherto small will emerge
as a significant component of the elevator business in the foreseeable future. The country has
a vibrant elevator component sector and there is an increasing presence of international
component companies.
Designing a market research study for the elevator industry is a complex affair. Involvement
of many stake-holders across the value chain such as architects, builders, developers,
consultants, elevator & component manufacturers, and Government agencies makes it
challenging. Unlike many other industry sectors, the elevator industry in India is not well
documented and reliable production or sales statistics pertaining to this industry are not
available and hence, there is heavy reliance on primary research. The building and
construction sector is highly fragmented with a vast number of developers and builders;
further, tastes, preferences and historical practises vary from city to city. Thus, a sound
marketing strategy needs reliable data based in-depth research study in the target cities.
Market demand: India has a huge domestic market. The market is characterized by booming
businesses across consumer electronics, computer industry, control, instrumentation and
industrial sector, communication and broadcasting sector, strategic electronics, and
electronic components.

Products requiring sheet metal fabrication

Aerospace:
 Engine cowling

Construction:
 Industrial walkways

LIFT CONTROLS PRIVATE LIMITED (LCPL)

Lift Controls Pvt. Ltd. is an ISO Certified Company, is promoted and managed by qualified
Electrical Engineers, having experience and expertise in Electrical Panels/ Sub-Station design,
Electrical Panel Manufacturing, Industrial Electrical Installations and
Manufacturing/Commissioning of Automation Panels with Drives and PLC.
LCPL manufactures electrical/Electronic Panels & assemblies complete with in house Sheet
metal manufacturing. The electrical Panel design software along with the latest Wire Cutting/
stripping / crimping machines reduces manufacturing time, documentation and increases
productivity and Quality. Electronic assemblies are manufactured in clean & with ESD
sensitive measures.

LCPL approached Mangal Analytics and Research Consulting Pvt. Ltd. (MARC) to conduct a
market research study across India and other parts of globe for identifying opportunities for
LCPL for its business expansion by means of Joint ventures (JVs), outsourcing contracts, etc.

SWOT Analysis of LCPL

Strengths
 The quality and efficiency of manufacturing is achieved at the highest levels as the
entire manufacturing plant is divided into individual workplaces referred to as work
cells. Manufacturing, assembly, testing and packing takes place in the same work cell.
 LCPL has a global presence as it sources its items from China, Switzerland and other
European countries. While it exports to Indonesia and other South Asian countries.
 LCPL has a state-of-the-art infrastructure with modern machineries that are needed
to manufacture the products to the OEMs precision levels.
 LCPL has skilled and experienced manpower required in sheet metal fabrication and
electrical panels manufacture for the lifts.

Weakness
 There is no sales and marketing team which has limited the company in having
overdependence on a few clientele.
 LCPL does not make use of laser cutting technology which limits the company in
serving top MNCs that requires more precision levels in their job works along with
efficient operations.

Opportunities
 LCPL has an idle capacity of 35 per cent due to which the profitability is affected. LCPL
can look for outsourcing contracts from OEMs in the sheet metal fabrication or
electrical assembly vendors by means of JVs.
 LCPL can look for companies designing innovative products in the electrical
transmission and distribution segment viz. that uses IoT for transmission, modern
HVAC ducts, etc.

Threats

 LCPL currently caters to OEM like Schindler and some SMEs. There is an uncertainty
with regards to withdraw of contracts associated with the current OEM because the
major revenue for LCPL is from Schindler.
APPLICATION OF STAINLESS STEEL AS A RAW MATERIAL IN SHEET METAL
FABRICATION
The global stainless steel market is categorized into four major applications: heavy industry,
automotive and transportation, building and construction, and consumer goods. Demand
from heavy industries accounted for a revenue share of 26.3% in 2017. The stainless steel
industry is expected to witness growth due to requirement of materials with high corrosion
resistance from the marine and shipbuilding sector.

Widespread application in heat exchangers, gas heaters, air handling units, and several other
cooling, ventilation, and heating components is likely to propel market growth over the
forecast period. In addition, it is an excellent material for commercial, industrial, and
residential HVAC applications.

Automotive and transportation accounted for 26.7% of the revenue in the global stainless
steel market. Surface treated sheets, namely electro galvanized and hot dipped galvanized
sheets, are key products used in automobile production. These are used in basic vehicle
frames for doors, mufflers, hoods, and fuel tanks. The advantageous properties of steel, such
as mechanical strength, wear resistance, and firmness, and increasing demand for
automobiles is estimated to drive the industry over the forecast period.

OPPORTUNITIES IN 3D PRINTING (JV)

3D Printing Market is worth 32.78 Billion USD by 2023. According to the market research
report "3D Printing Market by Offering (Printer, Material, Software, Service), Process (Binder
Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion),
Application, Vertical, and Geography - Global Forecast to 2023", the 3D printing market is
expected to be worth USD 32.78 Billion by 2023, at a CAGR of 25.76% between 2017 and
2023. The growth is attributed to the factors such as the ease of development of customized
products, ability to reduce overall manufacturing costs, and government investments in the
3D printing projects for the development and deployment of the technology.

The market for desktop printers expected to grow at higher CAGR during forecast period. The
market for the desktop segment is expected to grow at a higher CAGR between 2017 and
2023. Product innovation, customization, reduction in the cost of desktop 3D printers, and
the introduction of new materials are the major drivers for the growth of the market. Desktop
3D printers are now being used by both hobbyists and professionals to develop functional
parts, especially the consumer products, owing to the availability of advanced 3D printing
technologies at an affordable cost.

Plastic and metal held large share of the 3D printing materials market in 2016

Plastic and metal segments occupied the largest and second-largest shares, respectively, of
the global 3D printing material market. However, the market for other materials is expected
to grow at the highest CAGR during the forecast period, driven by the increasing demand for
biomaterials used in the healthcare vertical and certain specialized materials (such as
laywood, wax, paper) in emerging applications. 3D printing has started penetrating into new
verticals, such as electronics, biomedical, pharmaceuticals, and construction. Hence, with the
growing demand, the rate of consumption of the mentioned printing materials is expected to
grow at a significant rate in the next five years.

Aerospace and defense vertical to lead market, in terms of share, during forecast period

The aerospace and defense vertical held the largest share of the global 3D printing market in
2016. In the aerospace industry, 3D printing is mainly used to manufacture critical parts of
airplanes or for low-scale production associated with the components demanding high
performance and quality. The aerospace industry offers tremendous opportunity for 3D
printing technologies and holds a promising potential for the market in the coming future.
However, the markets for the emerging verticals, namely, food and culinary, printed
electronics, education, and energy are expected to grow at the significant CAGR during the
nearest future.

North America held largest share of 3D printing market in 2016

North America held the largest share of the market in 2016, followed by Europe and Asia
Pacific for 3D printing market. The growth of the market in North America was driven by
strong demand from aerospace and defense, healthcare, education, and consumer products
industries. Additionally, the strong government support and presence of key manufacturers
are further expected to add to the growth of the market in this region. The US held the largest
share of the North American 3D printing market.

SOLAR MARKET OVERVIEW

With 8.8 gigawatt (GW) of capacity addition projected for the year ahead, India is set to
become the third biggest solar market globally in 2017 overtaking Japan. Solar capacity in the
country is expected to touch 18.7GW by the end of 2017, which is about 5% of global solar
capacity.

As of March 2017, India had installed 12.2GW of utility scale solar. In June 2015, the
government had revised India’s solar power target to 100GW from 20GW, by 2022. The total
new solar capacity addition in the next five years is expected at 56GW. This, however, implies
that India would fall short of its 100GW target.

According to the BTI report, about 79GW of solar capacity is expected to be added globally
with Asian countries continuing to dominate the industry while Europe continues to fall in
rankings.
In India, the states of Tamil Nadu, Andhra Pradesh and Telangana have emerged as the fastest
growing in terms of solar power capacity addition.

Indian solar market has grown by an average 72% in the last three years and is now worth
approximately 8-9GW per annum. Growing market size and strong government commitment
to the sector have attracted the world’s leading private sector players as well as resulted in
lower tariffs for consumers. As the sector matures, however, there is a formidable new
challenge arising in the form of how to absorb rising share of intermittent energy into the
grid.

WIRE HARNESS INDUSTRY OUTLOOK IN INDIA

Wiring harness is essentially the nervous system in electrical/ electronic circuits and finds
varied applications ranging across automotive, consumer durables and other electronic
devices. The domestic wiring harness industry has expanded over the recent years backed by
the growth of India as a global automotive manufacturing hub. Wiring harness manufacturers
work closely with the OEMs to develop harness systems for various vehicle models and
variants. The availability of skilled labour at relatively lower costs is a key driver of the growth
of wiring harness industry in India and export of wiring harness from India is on a growth
trajectory.

Usage of wiring harness varies between automotive segments, models and variants within
each model. Typical wiring harness systems used in passenger cars include engine
compartment, main harness, instrument panel, door, roof, Rear and floor. Considering 2
wheelers, key wiring harness circuits installed include ignition circuit, auto choke circuit,
battery charging circuit, horn circuit and brake lamp circuit.

Automotive sector, led by two-wheelers and passenger cars, is the leading end user of wiring
harness systems in India. Consumer durables has a small share of the market and there is also
considerable demand for wiring harness in the replacement/ after-market. In terms of
application, automotive wiring harness market is divided as chassis, heat, ventilation and air
conditioning (HVAC), and sensors.

Key global wiring harness manufacturers include

• Yazaki Corporation,

• Sumitomo Electric,

• Denso Corporation,

• Leoni Wire,

• Delphi Automotive,

• Fujikura, Furukawa Electric,

• Lear Corporation,
• Aisin Seiki Co. and

• SamvardhanaMotherson Group.

• PKC Group Plc.

Leading wire harness company in India

• Motherson Sumi Systems Limited (flagship company of the

SamvardhanaMothersonGroup)- is the leading player in the wiring harness markets in India
with a share of around 56.7% of the market.

• Yazaki Corporation

• Spark Minda.

• Delphi Connection systems,

• Dhoot Transmission and

• Viney Corporation.

Japan based foreign companies in India have a good presence in the Indian market through
partnership with domestic manufacturers.

• Furukawa and

• Sumitomo

In a recent development of interest, in Jan 2017, Motherson Sumi Systems Ltd (MSSL) signed
an agreement to acquire Finnish wiring harness maker PKC Group Plc. The deal is valued at
around INR 41.5 billion. PKC Group is a leading Tier 1 supplier of wiring harness and associated
components to original equipment manufacturers (OEMs) in the heavy & medium duty
commercial vehicles and locomotive segments across North America, Europe, Brazil and
China.

WIND TURBINE INDUSTRY OUTLOOK

India’s wind energy sector has just capped a rough year in 2017. Amid a major overhaul of the
wind energy tariff-determination mechanism, multiple policy issues, and flat power demand,
capacity addition took a big hit in the last financial year. New windmill installations fell to a
five-year low between April 2017 and March 2018, according to data from the Indian Wind
Turbine Manufacturers Association (IWTMA). The country saw an addition of just 1,762
megawatts (MW) of capacity, a sharp fall from the record high of 5,400 MW in the preceding
year.

India’s total wind energy capacity now stands at 34,042 MW, a little over half the Narendra
Modi government’s target of 60,000 MW by 2022. The fall was largely due to faulty
implementation of a major policy change by the government. Starting June 2016, it let firms
bid for projects at competitive prices rather than have a regulator fix the tariffs. Yet, there
weren’t as many auctions for projects, resulting in muted capacity addition.

Subsequently, wind power producers faced the threat of various state electricity utilities
backtracking on power purchase agreements. Then there was the confusion over the
generation-based incentives (GBI) scheme, where firms are paid a certain amount for every
unit of wind energy generated. For the new financial year, suddenly, the GBI was withdrawn,
and then mid-year again some money was allocated. This caused a (slowdown) and was a big
blow for wind.

The government’s obsession with solar power, too, played a role, as policymakers focused
away from wind. Meanwhile, wind power tariffs crashed to record lows of Rs2.43 per unit in
December 2017, casting doubts over long-term project viability.

Way forward
For one, the policy uncertainties have been cleared. States like Maharashtra and Gujarat have
already come out with auctions and more are in the offing, both at the state and central levels.
The ministry of new and renewable energy has committed to auctioning 10,000 MW of
projects in 2018 and another 10,000 MW in 2019. Tariffs are also firming up and analysts
don’t expect them to fall further and hurt project viability. In auctions conducted by
Maharashtra last month, they rose to Rs2.85 per unit from a record low of Rs2.43 in December
2017.

Top 10 wind energy companies in India

• Vestas India

• Regen Powertech Pvt ltd.

• Suzlon Energy Limited

• Enercon India Pvt. Ltd.

• GE Wind Energy Ltd.

• Indowind Energy Ltd.

• Orient Green Power Ltd.

• Inox Wind Ltd.

• Gamesa Wind Turbines Pvt. Ltd.

• Wind World India Ltd. (WWI)

Electro mechanical components for a Lift- Research

Elevator market in India
The Indian elevator industry has witnessed rapid growth of 13.5% per annum since 2001. High-rise
trend is the key influencing driver of the elevator market in the country. Vertical development in the
residential and commercial building sector is a recent development that is gathering momentum
across several cities in India. While factors such as rapid urbanisation, access to liveable space and
escalating land costs are the key drivers of the high-rise trend, a key enabling factor is the revision and
relaxation of the building norms by some of the state governments. By 2030, near 50% of the country’s
population is expected to live in the urban areas, a sharp rise from the current 31%.

The Global market for elevators is estimated at around 750,000 – 800,000 units with China accounting
for about 65% in 2013. India comes in next at 52,600 units and the market is forecast to cross 100,000
mark by 2018.

The leading city markets for elevators are Mumbai, National Capital Region (NCR), Pune, Chennai,
Bangalore, Ahmedabad, Kolkata, Hyderabad and Surat. The top 30 cities accounted for over 70% of
the elevator market in India, in 2013.

Passenger elevators form around 85% of the total elevator market in India. The market for home
elevators, though small now, is growing rapidly fuelled by the “necessity-health” factor, changing
lifestyles and increasing demand for villas and premium / designer apartments. The market is gradually
moving towards better aesthetics, higher speeds, use of gearless motors and so on.

India is home to about 300-400 elevator manufacturers and the top six elevator manufacturers are
Johnson, Kone, Mitsubishi, Otis, Schindler and ThyssenKrupp, with a combined market share of near
70%, in 2013. While Johnson is an Indian company, the other five are subsidiaries of leading
multinationals; Japanese elevator manufacturers, viz. Fujitec, Hitachi and Toshiba are the recent
entrants. Many elevator companies are expanding their facilities or setting up new green field facilities
in India. Over the last decade, some of the regional players have done well and have scaled up their
technical capabilities.

The country has also moved up the value chain in terms of greater sophistication in the elevator
features such as energy efficient elevators, advanced safety mechanisms and improved aesthetics.
However, in sheer technology terms the country has some catching up with other developed markets.
The modernisation market in India, hitherto small will emerge as a significant component of the
elevator business in the foreseeable future. The country has a vibrant elevator component sector and
there is an increasing presence of international component companies.
Designing a market research study for the elevator industry is a complex affair. Involvement of many
stake-holders across the value chain such as architects, builders, developers, consultants, elevator &
component manufacturers, and Government agencies makes it challenging. Unlike many other
industry sectors, the elevator industry in India is not well documented and reliable production or sales
statistics pertaining to this industry are not available and hence, there is heavy reliance on primary
research. The building and construction sector is highly fragmented with a vast number of developers
and builders; further, tastes, preferences and historical practises vary from city to city. Thus, a sound
marketing strategy needs reliable data based in-depth research study in the target cities.

Market demand: India has a huge domestic market. The market is characterized by booming
businesses across consumer electronics, computer industry, control, instrumentation and industrial
sector, communication and broadcasting sector, strategic electronics, and electronic components.

Products requiring sheet metal fabrication industry wise

Aerospace:
 Airplane cylinder blocks
 Airship frames
 Engine cowling
 Satellites

Commercial/Residential Display:
 Mailboxes
 Decorative lighting
 Water fountains
 Bookshelves

Construction:
 Brackets
 Building frames
 Industrial walkways
 Support beams

Military:
 Personal body armor systems
 Retrofit vehicles
 Safety devices

List of industries in which Sheet metal is needed

 Aerospace
 Defense
 Medical
 Commercial
 Industrial
 High technology
 Computer / Electronic
 Retail
 HVAC
 Architectural
 Transportation
 Solar / Renewable Energy

More products made of sheet metal

 Chassis
 Enclosures
 Brackets
 Drawers
 Cabinets
 HVAC ducts
 Signs
 Airplane wings

Research on generator manufacturers

Powerica, owned by the Oberoi family, is one of the largest manufacturers of diesel generator sets in
the country. It is also involved in the business of assembly, sales and service of diesel, heavy fuel oil
and gas power plants.

The company executes approximately 1800 MW power with Cummins diesel engines every year with
the supply and commissioning of over 10,000 diesel generator sets. It has recently commissioned 102
MW of Vestas windmill project in Gujarat and Tamil Nadu. The company had signed an agreement
with Danish wind power turbine maker Vestas in 2010 construct and develop wind farms aggregating
to up to 225 MW.

10/09/18

Sheet Metal Fabrication Research

 Global Scenario
The sheet metal fabrication services market has acquired a vital position in the global metalworking
sector and is likely to exhibit rapid growth in demand in the coming years. The sheet metal fabrication
services market has been driven by the urbanization observed in several developing regions across
the world, as well as steady growth of key end use industries such as aerospace and automotive.
Ready to install fabrication products have become vital for these and other end users in the sheet
metal fabrication services market, which is likely to aid steady progress of the sheet metal fabrication
services market in the coming years. The global sheet metal fabrication services market is projected
to exhibit a CAGR of 1.4% between 2017 and 2025.
 Raw material type
By metal type, the global sheet metal fabrication services market is segmented into steel,
aluminium, and others such as copper and tungsten. Steel is the predominant leader in the global
sheet metal fabrication services market due to its widespread use in the construction industry.
Aluminum could also exhibit rapid progress in the coming years due to its growing demand in the
automotive industry and the booming aerospace sector. Aluminum is likely to account for close to
40% of the global sheet metal fabrication services market by the end of the forecast period.
Moreover, the demand for copper, tungsten, and other sheet metal fabrications is likely to be aided
by the rapid urbanization across the world, as these two metals have several applications in urban
infrastructure.

The steel market is segmented into grade 301 stainless, grade 304 stainless, grade 316 stainless,
grade 410 stainless, and others. The grade 301 stainless and grade 304 stainless segments
dominated the market in 2016.

Based on form, the sheet metal fabrication services market is segmented into bend/angular sheet,
punch sheet, cut sheet and other forms. Bend/angular form contributed maximum market share
towards the total sheet metal fabrication services market in 2016 and is expected to grow at healthy
CAGR during the forecast period of 2017-2025. Nevertheless, the punch sheet and cut sheet forms
collectively accounted for 52% of the global sheet metal fabrication services market in 2016 and are
also likely to remain dominant contributors to the market in the coming years.

 North America Market for Sheet metal fabrication services

Geographically, North America is the leading contributor to the global sheet metal fabrication
services market and is likely to remain a significant regional player in the market in the coming years.
Asia Pacific is also likely to emerge as a major regional player in the global sheet metal fabrication
services market due to the rapid industrialization in the region. The North America market for sheet
 metal fabrication services totaled US$635.7 mn in 2016 and is likely to rise to US$711.1 mn by 2025.
However, the 1.3% CAGR projected for the North America market is likely to be bested by Asia
Pacific, where the sheet metal fabrication services market is expected to exhibit a CAGR of 1.8% in
the 2017-2025 forecast period.

Some of the key players engaged in the sheet metal fabrication services market are Standard Iron
& Wire Works Inc., Hydram Sheet Metalwork, Classic Sheet Metal, Inc., Noble Industries, Inc., The
Metalworking Group, Metcam Inc., Moreng Meta, All Metals Fabricating, Inc., Mayville Engineering
Company Inc., Marlin Steel Wire Products LLC, Kapco Metal Stamping, BTD Manufacturing Inc., and
Ironform Corporation.

Electromechanical components market in India

26/09/2018
Application of stainless steel
The global stainless steel market is categorized into four major applications: heavy industry,
automotive and transportation, building and construction, and consumer goods. Demand from
heavy industries accounted for a revenue share of 26.3% in 2016. The stainless steel industry is
expected to witness growth due to requirement of materials with high corrosion resistance from the
marine and shipbuilding sector.
Widespread application in heat exchangers, gas heaters, air handling units, and several other
cooling, ventilation, and heating components is likely to propel market growth over the forecast
period. In addition, it is an excellent material for commercial, industrial, and residential HVAC
applications.
Automotive and transportation accounted for 26.7% of the revenue in the global stainless steel
market. Surface treated sheets, namely electro galvanized and hot dipped galvanized sheets, are
key products used in automobile production. These are used in basic vehicle frames for doors,
mufflers, hoods, and fuel tanks. The advantageous properties of steel, such as mechanical strength,
wear resistance, and firmness, and increasing demand for automobiles is estimated to drive the
industry over the forecast period.

27/09/2018
SHEET METAL FABRICATION
Sheet metal punching
When it comes to the sheet metal punching process, whether carbon steel, stainless steel or aluminum,
Noble Industries is the industry leader. We have been providing sheet metal punching services since 1980.
We started out with a 30 Ton Amada Octo 334 & have added punching equipment as growth demanded
additional resources.
We have amplified and improved our sheet metal punching capabilities with the purchase of a Salvagnini
S4 P4. This piece of equipment contributes to our success with manufacturers of lighting fixtures, office
furniture, shelving, elevators, HVAC equipment, electrical enclosures, and many other sheet metal
panel bending parts. It is built to be versatile in the operations it can perform and flexible in their ability
to produce quality parts in batches of one. Punching CNC parts with this machine means fast, flexible,
high quality production punching at reduced cost per part. The definition of lean manufacturing.
In order to provide custom sheet metal parts or assemblies, the sheet metal has to be cut to size. This
can be accomplished in several ways. Most sheet metal punching is less flexible than laser cutting, but it
is faster for repetitive shapes.
Punching sheet metal is performed by programming the machine to move a sheet of metal in an x & y
direction so as to accurately position the sheet under the punch. The punch then comes down with
enough force to cut the metal stock. By using a combination of single hits and overlapping geometries,
complex sheet metal component shapes can be produced. The machine may also punch 3D forms
such as lance forms, offsets, knock-outs and dimples to eliminate secondary operations to your sheet
metal parts.

http://www.nobleindustries.com
https://www.schaeffler.co.in/content.schaeffler.co.in/en/products_services/inafagproducts/linear_
products/index.jsp
Punching is a cutting process in which material is removed from a piece of sheet metal by
applying a great enough shearing force. Punching is very similar to blanking except that the
removed material, called the slug, is scrap and leaves behind the desired internal feature in the
sheet, such as a hole or slot. Punching can be used to produce holes and cut-outs of various
shapes and sizes. The most common punched holes are simple geometric shapes (circle, square,
rectangle, etc.) or combinations thereof. The edges of these punched features will have some
burrs from being sheared but are of fairly good quality.
Shapes/Geometries that LCPL can manufacture

LCPL can look to manufacture sheet metal components involved in the automotive segment
The following components can be looked upon
1. Sheet metal motor parts- These parts are widely used in automobile industries and many
others. durability, reliability and increase strength forms the important parameters on
the product quality along with different sizes.
2. Mounting brackets- are used for holding the device for mounting. Available in various
design

3. Automotive sheet metal part- Kishan industries, Rajkot Gujarat

4. Sheet metal auto component- manufactured by Nissim India private Limited

Top 10 tractor manufacturers in India
 Standard Tractors
 Preet Tractors
 Balwan Tractors
 HMT Limited
 New Holland
 John Deere
 Sonalika International
 Escorts Agri Machinery
 Tractors and Farm Equipments Limited (TAFE)
 Mahindra
Favorable Industries (Research wrt supporting figures to be done)
 Data centre panel/equipment industry
 3D printing- https://www.jgrouprobotics.com/investor-relations
3D Printing Market worth 32.78 Billion USD by 2023

According to the market research report "3D Printing Market by Offering (Printer, Material, Software, Service),
Process (Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powde r Bed
Fusion), Application, Vertical, and Geography - Global Forecast to 2023", the 3D printing market is expected
to be worth USD 32.78 Billion by 2023, at a CAGR of 25.76% between 2017 and 2023. The growth is attributed to
the factors such as the ease of development of customized products, ability to reduce overall manufacturing costs,
and government investments in the 3D printing projects for the development and deployment of the technology.

Browse 75 Market Data Tables and 55 Figures spread through 238 Pages and in-depth TOC on "3D Printing
Market - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/3d-printing-market-1276.html
Early buyers will receive 10% customization on reports.

The market for desktop printers expected to grow at higher CAGR during forecast period

The market for the desktop segment is expected to grow at a higher CAGR between 2017 and 2023. Product
innovation, customization, reduction in the cost of desktop 3D printers, and the introduction of new materials are
the major drivers for the growth of the market. Desktop 3D printers are now being used by both hobbyists and
professionals to develop functional parts, especially the consumer products, owing to the availability of advanced
3D printing technologies at an affordable cost.

Plastic and metal held large share of the 3D printing materials market in 2016

Plastic and metal segments occupied the largest and second-largest shares, respectively, of the global 3D printing
material market. However, the market for other materials is expected to grow at the highest CAGR during the
forecast period, driven by the increasing demand for biomaterials used in the healthcare vertical an d certain
specialized materials (such as laywood, wax, paper) in emerging applications. 3D printing has started penetrating
into new verticals, such as electronics, biomedical, pharmaceuticals, and construction. Hence, with the growing
demand, the rate of consumption of the mentioned printing materials is expected to grow at a significant rate in the
next five years.
Aerospace and defense vertical to lead market, in terms of share, during forecast period

The aerospace and defense vertical held the largest share of the global 3D printing market in 2016. In the
aerospace industry, 3D printing is mainly used to manufacture critical parts of airplanes or for low -scale production
associated with the components demanding high performance and quality. The aerospace industry offers
tremendous opportunity for 3D printing technologies and holds a promising potential for the market in the coming
future. However, the markets for the emerging verticals, namely, food and culinary, printed electronics, education,
and energy are expected to grow at the significant CAGR during the nearest future.

North America held largest share of 3D printing market in 2016

North America held the largest share of the market in 2016, followed by Europe and Asia Pacific for 3D printing
market. The growth of the market in North America was driven by strong demand from aerospace and defense,
healthcare, education, and consumer products industries. Additionally, the strong government support and
presence of key manufacturers are further expected to add to the growth of the market in this region. The US held
the largest share of the North American 3D printing market.

Major players in the global 3D printing market include

 Stratasys Ltd. (US),

 3D Systems Corporation (US),
 EOS GmbH (Germany),
 Materialise NV (Belgium),
 SLM Solutions Group AG (Germany),
 Arcam AB (Sweden),
 Concept Laser GmbH (Germany),
 The ExOne Company (US),
 Voxeljet AG (Germany),
 Proto Labs, Inc. (US),
 Optomec Inc. (US),
 ARC Group Worldwide, Inc. (US),
 GROUPE GORGÉ (France),
 EnvisionTEC GmbH (Germany),
 Mcor Technologies Ltd. (Ireland),
 Beijing Tiertime Technology Co. Ltd. (China),
 Renishaw plc (UK), XYZprinting (Taiwan),
 Ultimaker BV (Netherlands),
 Koninklijke DSM N.V. (Netherlands),
 Höganäs AB (Sweden),
 taulman3D, LLC (US),
 Nano Dimension (Israel),
 Carbon Inc. (US),
 Markforged, Inc. (US), and
 Cookson Precious Metals Ltd. (UK).

www.marketsandmarkets.com/PressReleases/3d-printing.asp

 Solar market
 With 8.8 gigawatt (GW) of capacity addition projected for the year
ahead, India is set to become the third biggest solar market globally in
2017, overtaking Japan, according to the India Solar Handbook 2017
released by Bridge to India (BTI) on Monday.
 The report by BTI, a consulting firm in India’s clean technology market,
said solar capacity in the country is expected to touch 18.7GW by the
end of 2017, which is about 5% of global solar capacity.
  As of March 2017, India had installed 12.2GW of utility scale solar. In
June 2015, the government had revised India’s solar power target to
100GW from 20GW, by 2022.
 The report said the “total new solar capacity addition in the next five
years is expected at 56GW”. This, however, implies that India would fall
short of its 100GW target.
 According to the BTI report, about 79GW of solar capacity is expected
to be added globally in 2017, with Asian countries continuing to
dominate the industry while Europe continues to fall in rankings.
 In India, the states of Tamil Nadu, Andhra Pradesh and Telangana have
emerged as the fastest growing in terms of solar power capacity
addition. In 2017 nearly 60% of total new capacity addition is expected
to come from the southern states, the report added.
 “Indian solar market has grown by an average 72% in the last three
years and is now worth approximately 8-9GW per annum. Growing
market size and strong government commitment to the sector have
attracted the world’s leading private sector players as well as resulted
in lower tariffs for consumers. As the sector matures, however, there is
a formidable new challenge arising in the form of how to absorb rising
share of intermittent energy into the grid,” said Vinay Rustagi, managing
director of BTI.
 “There is more optimism about rooftop market with expectation of 12GW
to be added by 2021. The biggest concern for the sector is grid
integration of growing renewable capacity followed by poor financial
condition of DISCOMs, notwithstanding the progress made on UDAY
reform package,” Rustagi added.
 The report also included Indian Solar CEO Survey according to which
about 45% of the respondents felt that poor net metering
implementation remains a major challenge for growth of the rooftop
solar market.

Electronic components market is estimated to grow at a CAGR of 22-33 per cent to reach
$36.6-56.5 billion, design services revenue is forecast to reach $23.5-29.2 billion by 2020
at a CAGR of 13-18 per cent.
India's ESDM (Electronic System Design and Manufacturing) industry is forecasted to
grow at a Compound Annual Growth Rate of 16-23 per cent to reach $171-228 billion by
2020
In 2015, India's ESDM industry is sized at $82 billion, growing at a CAGR of eight per cent
from 2013. By 2016-17 the sector will become a 100 billion plus opportunity and is
estimated to grow further at a CAGR of 16- 23 per cent to reach $171-228 billion by 2020,"
the report said.

Industry research to be done

Wind turbines
Solar panels
Trolleys
Honeycombs
Wire harness

Wire harness industry outlook in India

Wiring harness is essentially the nervous system in electrical/ electronic circuits and finds
varied applications ranging across automotive, consumer durables and other electronic
devices. The domestic wiring harness industry has expanded over the recent years backed
by the growth of India as a global automotive manufacturing hub. Wiring harness
manufacturers work closely with the OEMs to develop harness systems for various vehicle
models and variants.The availability of skilled labour at relatively lower costs is a key driver of
the growth of wiring harness industry in India and export of wiring harness from India is on a
growth trajectory.

Usage of wiring harness varies between automotive segments, models and variants within
each model. Typical wiring harness systems used in passenger carsinclude engine
compartment, main harness, instrument panel, door, roof, Rear and floor.Considering 2
wheelers, key wiring harness circuits installed include ignition circuit, auto choke circuit,
battery charging circuit, horn circuit and brake lamp circuit.

Automotive sector, led by two-wheelers and passenger cars, is the leading end user of wiring
harness systems in India.Consumer durables has a small share of the market and there is
also considerable demand for wiring harness in the replacement/ after-market.In terms of
application, automotive wiring harness market is divided as chassis, heat, ventilation and air
conditioning (HVAC), and sensors.

Key global wiring harness manufacturers include

 Yazaki Corporation,
 Sumitomo Electric,
 Denso Corporation,
 Leoni Wire,
 Delphi Automotive,
 Fujikura, Furukawa Electric,
 Lear Corporation,
 Aisin Seiki Co. and
 SamvardhanaMotherson Group.
 PKC Group Plc.
Leading wire harness company in India
 Motherson Sumi Systems Limited (flagship company of the
SamvardhanaMothersonGroup)- is the leading player in the wiring harness markets in
India with a share of around 56.7% of the market.
 Yazaki Corporation
 Spark Minda.
 Delphi Connection systems,
 Dhoot Transmission and
 Viney Corporation.
Japan based foreign companies in India have a good presence in the Indian market
through partnership with domestic manufacturers.
 Furukawa and
 Sumitomo

In a recent development of interest, in Jan 2017, Motherson Sumi Systems Ltd (MSSL)
signed an agreement to acquire Finnish wiring harness maker PKC Group Plc. The deal
is valued at around INR 41.5 billion. PKC Group is a leading Tier 1 supplier of wiring
harness and associated components to original equipment manufacturers (OEMs) in the
heavy & medium duty commercial vehicles and locomotive segments across North
America, Europe, Brazil and China.

Wind Turbine Industry

India’s wind energy sector has just capped a rough year. Amid a major overhaul of the wind energy
tariff-determination mechanism, multiple policy issues, and flat power demand, capacity addition
took a big hit in the last financial year. New windmill installations fell to a five-year low between
April 2017 and March 2018, according to data from the Indian Wind Turbine Manufacturers
Association (IWTMA). The country saw an addition of just 1,762 megawatts (MW) of capacity, a
sharp fall from the record high of 5,400 MW in the preceding year.
India’s total wind energy capacity now stands at 34,042 MW, a little over half the Narendra Modi
government’s target of 60,000 MW by 2022. The fall was largely due to faulty implementation of
a major policy change by the government. Starting June 2016, it let firms bid for projects at
competitive prices rather than have a regulator fix the tariffs. Yet, there weren’t as many auctions
for projects, resulting in muted capacity addition.

Subsequently, wind power producers faced the threat of various state electricity utilities
backtracking on power purchase agreements. Then there was the confusion over the generation-
based incentives (GBI) scheme, where firms are paid a certain amount for every unit of wind energy
generated. For the new financial year, suddenly, the GBI was withdrawn, and then mid-year again
some money was allocated. This caused a (slowdown) and was a big blow for wind.

The government’s obsession with solar power, too, played a role, as policymakers focused away
from wind. Meanwhile, wind power tariffs crashed to record lows of Rs2.43 per unit in December
2017, casting doubts over long-term project viability.

Way forward

For one, the policy uncertainties have been cleared. States like Maharashtra and Gujarat have
already come out with auctions and more are in the offing, both at the state and central levels. The
ministry of new and renewable energy has committed to auctioning 10,000 MW of projects in 2018
and another 10,000 MW in 2019. Tariffs are also firming up and analysts don’t expect them to fall
further and hurt project viability. In auctions conducted by Maharashtra last month, they rose to
Rs2.85 per unit from a record low of Rs2.43 in December 2017.

Top 10 wind energy companies in India

 Vestas India
 Regen Powertech Pvt ltd.
 Suzlon Energy Limited
 Enercon India Pvt. Ltd.
 GE Wind Energy Ltd.
 Indowind Energy Ltd.
 Orient Green Power Ltd.
 Inox Wind Ltd.
 Gamesa Wind Turbines Pvt. Ltd.
 Wind World India Ltd. (WWI)