| | JULY 20228INDUSTRY INSIGHTST he Indian Industrial equipment industry is backbone of the man-ufacturing sector and one of the key drivers to economic growth. This sector supplies all the necessary equip-ment and machinery to other sectors such as mining, construction, power, agricultural, chemical, pharma, con-sumer products and more. The equip-ment industry in India has the poten-tial to meet both the domestic as well as the international market demand. Due to COVID-19, the sector has seen significant challenges due the decrease in demand of equipment. Also, there is an expectation of further increase in demand as many companies are divert-ing their supply chain to India. To meet this rise in demand and remain com-petitive in market, equipment manu-facturers need to retool and reinvent the way they design and manufacture their products.Simulation for Product Design & ManufacturingEngineering Simulation is the process of using computer-based modelling of real-world objects/system to understand its behaviour and predict the effect of changes. Traditionally, it was predominantly used for design validation of products. Now, it has become more pervasive and is being used over the entire life cycle - from design ideation stage through manufacturing, operations, and maintenance. Using simulation, the equipment manufacturers can quickly turnaround the project, enhance design, reduce operating cost, deliver breakthrough innovation, and get the competitive edge.Many manufacturing industries are already using simulation as an integral part of their product development. However, there are many, specifically the Small and Medium Enterprises (SMEs), who are yet to adapt this technology in India. Digitalization in ManufacturingIndustrial Internet of Things (IIOT) is the way to bring digital transformation in manufacturing of equipment's. IIoT is nothing but connecting various manufacturing devices using sensors, actuators, and other devices networked together with computers. The sensors collect critical production data and use computers or cloud to process this data into valuable insights about the manufacturing operations. This enables manufacturers to take strategic decisions to improve the efficiency, reduce cost, enhance safety and shorten the time to market.RETOOL & REINVENT EQUIPMENT MANUFACTURING WITH SIMULATIONBy Mahesh Kadam, Technology Expert ­ Manufacturing, AnsysEngineering Simulation is the process of using computer-based modelling of real-world objects/system to understand its behaviour and predict the effect of changesMahesh Kadam, Technology Expert
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