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INDUSTRIAL AUTOMATION SECTOR OVERVIEW

Statistics, news & updates: everything you need to know about the Industrial Automation in India

Industrial Automation Industry of India - Maier Vidorno Altios India

Summary/Snapshot

Industrial Automation Industry

  • India’s industrial automation and instrumentation market size is expected to grow by USD 2.58 billion during 2020-2024.
  • It is expected to post a year-over-year growth rate of 9.38%.
  • The automation market is segmented into three automation types: process automation, factory automation, and electric automation.
  • Power, oil & gas, and automotive industries are at the forefront of the adoption of different automation technologies.
  • The pandemic has accelerated demand for automation across sectors, which will greatly transform how companies in India do business.

Growth Drivers​

  • Growing energy demand and exploration of new conventional and non-conventional hydrocarbon resources are fueling the growth of the segment.
  • The sector can witness explosive growth in nanotechnology and nano-scale assembly systems; MEMS and nanotech sensors (tiny, low-power, low-cost sensors) which can measure everything and anything.​
  • Huge potential is seen in Robotics. India has low robot density figures, only four industrial robots per 10,000 employees in the manufacturing industry. ​​

Sub industries

  • Robotics
  • Security Systems
  • Sensors

Opportunities

  • The automation market in India has been growing significantly over the last decade due to the increasing need for reliable and cost-effective ways of production.
  • The Indian industrial automation industry is expected to reach 197 billion by 2020 with growth driven by the rapid adoption of modern technology backed by cost-saving features.
  • The demand for factory automation solutions in India is anticipated to surge with an increase in domestic manufacturing and an emphasis on increased process efficiency.
  • Relaxation in foreign investment norms has encouraged several foreign companies to set up their businesses in India.

Challenges

  • Budget constraints coupled with a higher cost of automation products would deter technology adoption.
  • High cost of procuring imported hardware components as well as training personnel.
  • The growing need to minimize the wastage of raw materials and stringent emission norms will be crucial in the industrial automation segment.
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Key Investment Opportunities

  • Construction development in residential, retail, commercial and hospitality sectors, development of townships.
  • Construction of roads, bridges, hotels, resorts.
  • Technologies and solutions for smart, sustainable and connected cities and integrated townships.
  • Technologies for the promotion of low cost and affordable housing.
  • Green building solutions.
  • Sustainable and environmentally friendly building materials.
  • Training and skill development of construction sector workers.
  • Urban water supply, urban sewage and treatment plants.

Recent Developments

  • With the development of the Indian manufacturing sector, there has been a need for a more competitive edge in productivity, profitability, safety, and sustainable manufacturing processes. The concept of semi-knock-down manufacturing and domestic manufacturing is likely to increase in the future due to the ‘Make in India’ initiative and the relaxation of FDI policies in the manufacturing sector across different industries.
  • Process automation devices and equipment, which have applications in several sectors, including pharmaceutical, coal, power, oil and gas, cement, and others, have witnessed a dramatic growth in the manufacturing sector in India. The different process automation devices have accelerated the expansion of the manufacturing sector in India.
  • Most of the premium OEMs in India now offer either display audio or navigation units as a standard feature, apart from the base variant. In contrast, volume OEMs are rapidly shifting towards offering these units. Large touch screens that support smartphone integration and navigation HMI units are slowly replacing traditional radio/stereo units.
  • In complicated consumer electronics supply chains such as for smartphones and white goods, warehouses are critical nodal points.

Key Players in India

National

  • Enpro Industrial Automation Pvt.Ltd.
  • Larsen & Toubro
  • Titan Automation Solutions
  • SMEC Automation
  • Voltas
  • Adage Automation ​

International

  • Siemens ​
  • ABB​
  • GE​
  • Endress+Huaser
  • Schneider Electric
  • Honeywell
  • Omron
  • Mitsubishi Electric
  • Rockwell ​
  • B&R​
  • IFM Electronic ​

Map Clusters

Industrial Automation & Building Management

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