|
Indian Industrial Automation Market Forecasts
2023
|
Overview
Industrial automation refers to the use of intelligent machines and programmable logics to automate several industrial processes and to minimize human intervention.
Industrial automation refers to the use of intelligent machines and programmable logics to automate several industrial processes and to minimize human intervention.
Automation improves the
efficiency and quality of the output and maintains consistency throughout the
micro and macro-level processes across the industries.
It has become essential for
companies to maximize their productivity through automation owing to the
changing demands of the end-users.
Market analysis
The Indian Industrial Automation Market is still evolving and its prospects are good due to increasing Foreign Direct Investments (FDI) and sustained growth of the manufacturing sector.
The country is expected to strengthen its manufacturing sector from its
current share of 16.57% of the GDP in FY2017 to 25%30% of the GDP by FY2030.
According to Infoholic Research, the Industrial Automation Market in
India will witness a CAGR of 11.6% during the forecast period 20172023.
Types of automation
The Indian industrial automation market is segmented by three automation types, namely process automation, factory automation, and electric automation.
This market is driven by the increasing investments in the secondary
manufacturing sector owing to encouraging government policies and changing
consumer behaviour.
The country aims to improve its
infrastructure capabilities to attract more global investors and to boost its
manufacturing capabilities.
Several Indian industries are upgrading their existing automation
technologies as they reduce production time and promote safety and efficiency
in a manufacturing or a processing unit.
Automation technologies
The technology segment includes distributed control systems (DCS), supervisory control and data acquisition (SCADA), programmable logic control (PLC), manufacturing execution system (MES), human machine interface (HMI), and others.
It is estimated that SCADA and
MES will experience high demand across various industries owing to their wide
technological capabilities.
Key players
The report contains an in-depth analysis of vendor profiles which includes financial health, business units, key business priorities, SWOT, strategy, and views and competitive landscape. The vendors covered in this report are Siemens Ltd., Schneider Electric, ABB Ltd., Rockwell Automation, and Honeywell International Inc.
The report also includes a list of companies offering innovative
industrial automation products, namely GreyOrange, Arkrobot, and Gixtronix
Technologies.
Benefits
The study covers and analyses the Indian Industrial Automation Market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market.
In addition, it helps the venture capitalists in understanding the
companies better and take informed decisions.
Related reports:
v Indian Commercial
Aquafeed Market - The Changing Market Landscape
v Indian Poultry
Feed Market Opportunities
Contact Us - +91 9987295242
Comments
Post a Comment