Industrial Automation And Instrumentation Market In India 2024-2028
The industrial automation and instrumentation market in India is forecasted to grow by USD 26570.09 mn during 2023-2028, accelerating at a CAGR of 9.51% during the forecast period. The report on the industrial automation and instrumentation market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing simplification of manufacturing through automation, a shift toward lean manufacturing, and a rising need for efficient use of resources and reduction of emissions.
Technavio's industrial automation and instrumentation market in India is segmented as below:
By End-user
- Process industry
- Discrete industry
By Product
- Industrial automation
- Industrial instrumentation
By Solution
This study identifies the shift from on-premises to cloud-based systems as one of the prime reasons driving the industrial automation and instrumentation market in India growth during the next few years. Also, the virtualization of automation control systems and the growing importance of big data analytics and IoT will lead to sizable demand in the market.
The report on the industrial automation and instrumentation market in India covers the following areas:
- Industrial automation and instrumentation market in India sizing
- Industrial automation and instrumentation market in India forecast
- Industrial automation and instrumentation market in India industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial automation and instrumentation market in India vendors that include ABB Ltd., AMETEK Inc., Danfoss AS, Delta Electronics Inc., Eaton Corp. Plc, Emerson Electric Co., Flowserve Corp., Fuji Electric Co. Ltd., General Electric Co., Honeywell International Inc., Keyence Corp., Mitsubishi Electric Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE, Siemens AG, The Weir Group Plc, and Yokogawa Electric Corp. Also, the industrial automation and instrumentation market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.