Asset Optimization to Drive the Next Wave of Energy Efficiency in India

2024-11-22 11:03:18 Environment

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Achieving performance efficiency and cost savings through optimization of Overall Equipment Effectiveness is likely to define the next wave of Industrial Energy Efficiency. In the June 2016 issue of PAT Pulse, Sustainability Outlook and AEEE have explored the prevalence, drivers, business case and key challenges for IoT based Smart Manufacturing (SM) solutions in Indian industry.

With the advent of cyber-physical systems which facilitate global networks for businesses incorporating machinery, warehousing systems and production facilities, while continuously focussing on resource productivity and efficiency, a fourth Industrial Revolution spurred by Smart Manufacturing is inevitable. Internet of Things would act as a key enabler smart manufacturing - the next big leap influencing energy efficiency.

?Amidst global advancements being made via cutting edge technological interventions coupled with an ever increasing market competition, IoT based Smart Manufacturing holds immense relevance. Digitisation is all pervasive across industries today and in this context asset optimisation through smart solutions is anticipated to usher a new era of highly efficient and cost effective manufacturing methods?, according to Chinmaya Acharya, Chief of Programmes, Shakti Sustainable Energy Foundation.

This PAT Pulse issue examines the requirement for good quality data, the emerging trend of asset optimization, and the potential of improving overall equipment effectiveness along with highlighting the direct economic benefits of predictive maintenance.

Some of the key highlights include:
? The market penetration of IoT based smart manufacturing solutions will increase from current levels of ~5% to 30% by 2020 and this would be driven by reduction in the cost of technologies.
? Increasing awareness about the potential and business case of IoT based smart manufacturing solutions will be crucial to reach the next stage of Industrial energy efficiency.
? Skill building would be required for enhancing the ease of using IoT based smart manufacturing solutions at the factory operators? end and for developing good quality data scientists at the solution providers? end.

According to Aparna Khandelwal, Sr. Engagement Manager, Sustainability Outlook, ?Solution providers and other catalysts need to make concerted efforts to increase the awareness regarding the smart manufacturing solutions and strengthen their business case to tap into the potential market opportunity presented by India?s industrial sector?.

As per Dr. Satish Kumar, Chairman AEEE, ?With global recession, looming in the horizon, it is of pressing urgency that India?s energy consumption gets leaner and prudent. Optimising the performance of available assets and resources is critical if we are to shift towards an energy efficient trajectory. Sustainability Outlook and AEEE have tried to capture the current trends in this direction through the latest issue of PAT Pulse?.

The June issue of PAT Pulse also highlights some of the key solution providers in the IoT based smart manufacturing domain including ABB, Aeris, Altiux, Altizon, Bosch, Briston, Cisco, Eco Axis, Entrib Technologies, ETAmation, Flutura, GE, HCL, IBM, Machine Pulse, SAP, Wipro Eco Energy etc. and presents illustrative use cases of IoT based smart manufacturing solutions. The issue also provides updates on PAT cycle 2 sectors and targets as announced by Bureau of Energy Efficiency (BEE) and provides a brief snapshot of key news and events in the industrial energy efficiency domain.

The complete issue of PAT Pulse is available for download at http://www.sustainabilityoutlook.in/content/pat-pulse-asset-optimization-drive-next-wave-energy-efficiency-india-756783

PAT Pulse, a quarterly briefing series on PAT with DCs, policy makers, catalysts and industry experts to capture the pulse of the energy efficiency market in India has been produced by Sustainability Outlook and Alliance for Energy Efficient Economy (AEEE) in collaboration with Shakti Sustainable Energy Foundation. The objective of PAT Pulse is to provide evidence based, market assessment tool to present the stakeholder view point, enable higher uptake of PAT through peer learning and incubate industry and policy action on energy efficiency.

Media Contact
Anushua Chowdhury
Sustainability Outlook
achowdhury@sustainabilityoutlook.in
91.11.4050.7277

About Sustainability Outlook
Sustainability Outlook, a division of cKinetics, is a market intelligence, discovery and collaboration platform facilitating sustainability linked actions amongst businesses, policy makers and investors. Sustainability Outlook actively tracks and provides market insights in resource management with focus on policy, technology and finance to work towards creating closed loop systems. Solutions offered by Sustainability Outlook include State of Sector Reports, Market development platforms, tools and frameworks for enabling and promoting resource sustainability within the industry, Regulatory and policy analysis and Resource inventorization studies amongst others.
http://sustainabilityoutlook.in

About Alliance for Energy Efficient Economy (AEEE)
AEEE is an industry association created for the specific purpose of convening companies and organizations (manufacturing companies, end users, service providers, utilities, academic and R&D institutes and other non-profit organisations) interested in creating a thriving energy efficiency sector in India and providing a unique platform to actively participate and support in energy efficiency policy formulation and analysis.
http://aeee.in/

About Shakti Sustainable Energy Foundation
Shakti Sustainable Energy Foundation works to strengthen the energy security of India by aiding the design and implementation of policies that support energy efficiency and renewable energy
http://shaktifoundation.in/