The India Industrial
Automation market valued at USD 8236.57 million
in 2022 and is anticipated to project robust growth during the forecast period,
registering a CAGR of 11.17% until 2030.
"Industrial
automation" is the phrase used to describe the automation and optimisation
of industrial processes by the use of technology, such as robots, control
systems, and other devices. Industrial automation has applications in a wide
range of sectors, including manufacturing, the production of food and drink,
the automotive and pharmaceutical industries, among many others. The basic goal
of industrial automation is to raise output, efficiency, and quality while
minimising costs and mistakes. Numerous operations, ranging from
straightforward repetitions to intricate industrial processes, may be
automated. Technology used in industrial automation includes Programmable Logic
Controllers (PLCs), Human-machine Interfaces (HMIs), sensors, robots, and other
devices.
Emergence
of Connected Enterprise
The emergence of connected enterprise is driving
industrial automation in several ways. A connected enterprise is one in which
all the equipment and systems are linked and exchange real-time information. As
a result, businesses are able to operate more effectively, with better agility,
and swiftly adapt to changing market conditions. . Using Internet of Things
(IoT) devices and sensors is one way that linked company is advancing
industrial automation. IoT devices can be used to monitor and control
industrial processes in real-time, enabling companies to optimize their
operations and reduce costs. For instance, sensors
can be used to monitor machine performance and predict maintenance needs,
enabling companies to schedule repairs before a breakdown occurs, reducing
downtime and improving productivity. Overall, the emergence of connected
enterprise is driving industrial automation by enabling companies to achieve
greater efficiency, productivity, and agility. As more companies adopt
connected enterprise solutions, the use of IoT devices, data analytics, and
machine learning is expected to become even more widespread, driving further
automation in industrial environments.
Adoption
of IoT and AI in Industrial Environments
Over the past few years, India has steadily embraced
AI (Artificial Intelligence) and IoT (Internet of Things) in industrial
settings. The demand for increased productivity, efficiency, and
competitiveness has spurred the adoption of these technologies. IoT and AI have
been broadly embraced in a number of sectors, including industry. To monitor
and optimise manufacturing processes, maintain inventory levels, and enhance
quality control, IoT devices including sensors, cameras, and RFID tags are
employed. The data produced by these devices is being analysed using machine
learning and AI-powered analytics to give insights that are utilized to
increase operational effectiveness and save costs.
Increasing
Adoption of Industrial Robots For Automated Production
The
increasing adoption of industrial robots for the automation of production is a
trend that has been ongoing for several years and is expected to continue in
the upcoming years. To increase efficiency, productivity, and quality,
industrial robots are utilized in a variety of sectors, including the
automotive, electronics, food and beverage, and pharmaceutical industries. In
order for enterprises to remain competitive in the market, there is an urgent
need for the increased usage of industrial robots. Industrial robots have a
high degree of accuracy and uniformity while doing repeated activities, which
can save manufacturing costs and boost product quality. These technologies are
allowing robots to become more versatile and adaptable, which means they can
perform a wider range of tasks and are better equipped to handle complex
manufacturing processes. Overall, the increasing adoption of industrial robots
for the automation of production is a trend that is likely to continue as
manufacturers seek to remain competitive, improve efficiency, and respond to
changing market conditions.
Adoption
of Industry 4.0
India
has seen an increase in the use of Industry 4.0, particularly in sectors
including automotive & transportation, packaging, metal, and others. Many
Indian companies are using the potential of connected devices, sensors,
and data analytics to increase operational efficiency, cut costs, and improve
customer experiences as a result of the rapid advancement in technology and the
growing use of the Internet of Things (IoT).
IoT-enabled
sensors are increasingly being used in the industrial industry to monitor
machinery and equipment in real time, enabling predictive maintenance and
minimizing downtime. Additionally, this technology is being utilised to
streamline workflows and reduce waste, saving money in the process. India is
rapidly adopting Industry 4.0 technology, and several businesses from all
sectors have begun implementing digital transformation programs. Overall,
Industry 4.0's rise in India is changing the production environment and
increasing its efficiency and competitiveness. India is well-positioned to
dominate the world of advanced manufacturing with continuous investment and
acceptance of these technologies.
Impact of Covid: Disruption in Supply Chain
The
pandemic has caused supply chain disruptions, which has caused delays in the
delivery of parts and machinery needed in industrial automation. The Indian
government's travel bans and lockdowns also hindered the transportation of
products and services, resulting in snags in the supply chain. India, being a
major manufacturer and exporter of industrial automation products, has faced
significant challenges due to the pandemic. Deliveries of goods have been
delayed as a result of the supply chain disruption, and the cost of raw
materials has risen up. The Chinese market, in particular, is very important to
the India industrial automation market . A scarcity of necessities has
developed in the market as a result of the pandemic's impact on China's supply
of goods. Furthermore, the supply of goods in the Indian market has been
influenced by the application of anti-dumping tariffs on Chinese goods.
Challenges:
Lack of Skilled
Workforce
High-skilled individuals are increasingly in demand
for industrial automation. Industries are progressively automating their
operations to boost productivity, save costs, and enhance quality as a result
of technological advancements. As a result, there aren't enough qualified
personnel to develop, install, maintain, and run automation systems. There may
also be a shortage of graduates with the necessary skills and knowledge to work
in industrial automation because the field is still relatively new and many
educational institutions are still catching up to the demand for trained
professionals. This presents a challenge for the India industrial
automation market.
Recent Developments/Government
Initiatives:
The industrial automation market is
anticipated to grow in West India, encompassing Maharashtra, Pune, and Rajasthan,
, as a result of the government's most recent efforts, such as "Make in
India" and "Digital India." In order to boost productivity and
competitiveness and boost demand for automation solutions and services, the
government is encouraging the implementation of automation technology in many
industries.
Escalating Government Investments and
Initiatives
The Indian government has been actively investing in
and promoting industrial automation through various initiatives aimed at
boosting the manufacturing sector's growth and competitiveness. The Make in
India program, which aims to make it easier to do business in India, encourage
innovation, and increase both local and international investment in the
manufacturing sector, including industrial automation, is one of the important
projects and investments that are being made in India.
The goal of Digital India is to make India a
knowledge-based society and economy. In order to enhance manufacturing
procedures, the government is encouraging the use of digital technologies
including IoT, artificial intelligence, and data analytics. Industrial
automation has been highlighted by the government as a crucial facilitator of
this transition. The overall goals of the Indian government's investments
and activities in industrial automation are to encourage innovation, enhance
productivity, and boost the manufacturing sector's competitiveness. In the
upcoming years, these initiatives are anticipated to have a substantial
influence on India's economic growth and development.
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Market Segmentation
India Industrial Automation Market is divided into component,
industry, and vertical. Based on component, the market is
divided into hardware and software. The hardware sub-segment is further segmented
into industrial sensors, industrial robots, AC motor drive, field instruments, machine
vision systems, servo system, programmable logic controller, human machine interfaces,
CNC controller, and others. Moreover, the software sub-segment is further segmented
into data analysis and optimization, management, networking, and others. Based
on industry, the market is segmented into process automation, factory automation,
and machine automation. Based on vertical, the market is segmented into pharmaceutical,
food & beverage machinery, energy equipment/mining/utilities, packaging machinery,
automotive, textile/fabric/coating machinery, logistics and transportation equipment,
electrical/electronic manufacturing, building materials machinery & fluid machinery,
machine tool industry, plastics/rubber machinery, industrial robotics, wood working
machinery, and others. On the basis of region, the
market is divided into South India, North India, West India, and East India.
Market Player
Major
market players in the India Industrial Automation market are Honeywell Automation India Limited, Rockwell
Automation India Pvt. Ltd, Delta Electronics India Pvt Ltd, Yokogawa India Limited, Siemens Ltd, Inovance Technology Private Limited, Emerson Electric Company
(India) Private Limited, GE T&D India Limited, Omron Automation Private
Limited, Orion Electronics Private Limited, ABB India Limited, Schneider
Electric India Pvt. Ltd, and Mitsubishi Electric India Pvt. Ltd.
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Attribute
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Details
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Market Size Value in 2022
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USD8236.57 million
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Revenue Forecast in 2030
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USD18691.63
million
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Growth Rate
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11.17%
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2030
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Quantitative Units
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Revenue
in USD Million and CAGR for 2018-2022 and 2023-2030
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Report coverage
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Revenue forecast, company share, growth factors, and trends
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Segments covered
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Component
Industry
Vertical
Region
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Country scope
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India
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Region scope
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South
India, North India, West India, and East India
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Key companies profiled
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Honeywell
Automation India Limited, Rockwell Automation India Pvt. Ltd, Delta
Electronics India Pvt Ltd, Yokogawa India Limited, Siemens Ltd, Inovance
Technology Private Limited, Emerson Electric Company (India) Private Limited,
GE T&D India Limited, Omron Automation Private Limited, Orion Electronics
Private Limited, ABB India Limited, Schneider Electric India Pvt. Ltd and
Mitsubishi Electric India Pvt. Ltd.
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Customization scope
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10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
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Delivery Format
|
PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request)
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Report Scope:
In this report, the India Industrial Automation
market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
·
India Industrial Automation Market,
By Component:
o Hardware
·
Industrial
Sensors
·
Industrial
Robots
·
AC Motor
Drive
·
Field
Instruments
·
Machine
Vision Systems
·
Servo
System
·
Programmable
Logic Controller
·
Human
Machine Interface
·
CNC
Controller
·
Others
o Software
·
Data
Analysis and Optimization
·
Management
·
Networking
·
Others
·
India Industrial Automation Market,
By Industry:
o Process Automation
o Factory Automation
o Machine Automation
·
India Industrial Automation Market,
By Vertical:
o Pharmaceutical
o Food & Beverage Machinery
o Energy Equipment/Mining/Utilities
o Packaging Machinery
o Automotive
o Textile/Fabric/Coating Machinery
o Logistics and Transportation
Equipment
o Electrical/Electronic
Manufacturing
o Building Materials Machinery &
Fluid Machinery
o Machine Tool Industry
o Plastics/Rubber Machinery
o Industrial Robotics
o Wood Working Machinery
o Others
·
India Industrial Automation Market, By Region:
o South
India
o North
India
o West
India
o East
India
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the India Industrial Automation Market.
Available Customizations:
TechSci Research offers customizations according to a company's specific needs. The
following customization options are available for the report:
Company Information
Detailed analysis and
profiling of additional market players (up to five).