India Industrial Automation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Indian industrial automation market was valued at USD 10.72 billion in 2021, and it is expected to reach USD 23.09 billion by 2027, at a CAGR of 14.26% over the forecast period.
Key HighlightsThe Indian industrial automation market is competitive due to multiple players, such as BHEL, ABB Limited, Grey Orange Pte Ltd, Kardex India Storage Solutions Pvt. Ltd, Mitsubishi Electric, and more. Players adopt strategies such as product innovations, partnerships, mergers, and acquisitions to increase their market shares and recyclability, further driving the market.
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