The power sector is one of the most critical components of infrastructure crucial for the economic growth and welfare of nations. The power sector is aiming export to grow by 400 % in the next 5 years to reach the 5 trillion dollar economy by 2024. With the installed power generating capacity of 3,65,048 MW as of October 2019, India has emerged as the world’s third-largest electricity producer & consumer. India’s SME sector has been one of the primary drivers to boost the economy. The sector’s contribution to the country’s GDP is expected to increase to 22% in 2020. And As per World Energy Council, 50 % investment in energy shall be done in ASIA till 2030. India has the potential to increase exports of electrical equipment’s in the world market as well as innovate new technology for the energy transition in the next 5-10 years. Grid expansion over the next few years will be driven by the government’s ambitious plan to scale up renewable energy to 175 GW by 2022. To develop associated power evacuation infrastructure, Power Grid Corporation of India Limited along with state, utilities are implementing the Green Energy Corridor project.
The major emerging challenges for the grid are to adoption of Smart technology, investment in technology to make grids more reliable, automation in substations, innovative tower design, Digitization, technology evolution and up-gradation in infrastructure.
The most promising and emerging technology that meeting with future grid requirements is Artificial Intelligence, Blockchain, Industry 4.0, IoT and increasing grid reliability. New technologies, evolving customer preferences, and the changing competitive landscape are leading many power companies to explore new business models. Some models may help utilities to further enable the energy transition.
Indian Electrical & Electronics Manufacturers’ Association (IEEMA), is the apex industry association of manufacturers of electrical, industrial electronics and allied equipment in India. IEEMA represents the complete value chain in power generation, transmission and distribution equipment. IEEMA members have a combined annual turnover in excess of US$ 42 billion and have contributed to more than 95% of the power equipment installed in India.
IEEMA created a global business vehicle ELECRAMA in 1990, which has grown from strength to strength to emerge as the Single largest Transmission and Distribution equipment exhibition in the world. IEEMA’s Flagship Biennial ELECRAMA Exhibition was conceptualized with the objective of providing a global window to showcase Indian electrical equipment manufacturing capabilities. Since then, every edition of ELECRAMA aims to provide an excellent opportunity to Indian manufacturers to display their products and technologies & manufacturing capabilities to a global audience who are on the lookout to engage with the highly buoyant Indian electrical industry for future tie-ups. The Indian electrical equipment manufacturing industry has been in existence in India for more than 100 years and today it’s a mature, diversified industry with a robust supply chain. With more and more electrical equipment installed in India being manufactured indigenously, the mature Indian electrical manufacturing fraternity is now increasingly looking outwards to grow exports as a huge opportunity exists.
Anil Saboo, Chairman, ELECRAMA 2020 says:
ELECRAMA Expo 2020, to be held from 18-22 January, 2020 at India Expo Mart, Gr. Noida is a platform to link the world to Indian business with regards to technology, new trends, and innovation for the long run energy transition. ELECRAMA 2020 will have major concurrent events like World Utility Summit, ETechnxt, RBSM, and DBSM, etc where exhibitors from more than 60 countries and visitors from more than 120 countries shall join. ELECRAMA shall provide more noticeable growth, increased exports in addition to new segments especially connecting our MSME units to Global Value Chains.
In this edition, we will be focusing on the entire energy spectrum along with Renewable Energy, Energy Storage, Automation, Digitalization, Industry4.0, IOT, AI, and Electric Transportation opportunities to expose the electrical industry to new technology innovations and disruptions with information to manage the transformation.
This year we also focus on Women Empowerment in the electrical sector. As per the study, in all developed countries women contribute more than 50 % of the overall workforce. And in the last 20 years, it is analyzed that In India the majority of the women are involved in the IT sector only. In order to increase the role of women in the Energy & Power sectors, we will provide a platform for them to discuss and share their experiences and learn from each other.