Germany +49 221 880 408 25
Japan +81 3 6863 3809
India +91 124 434 2300
Industrial Automation Industry
INDUSTRIAL AUTOMATION SECTOR OVERVIEW
Statistics, news & updates: everything you need to know about the Construction Industry in India
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 wastage of raw material and stringent emission norms will be crucial in the industrial automation segment.
How we can help you:
– Product-Pricing analysis– Strategies for – product/service localization
– Market research to sell effectively
Summary/Snapshot
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 by 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.
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.
COVID Impact
How has COVID affected the industry?
The virus has since closed factories, with workers across the world sent home coupled with flat capital expenditure and declining industrial production.
It has exposed the fact that, despite a lot of hype over the years, advanced factory automation has not been substituted for human workers at scale.
Outlook for the Industrial Automation industry post-Covid
The industrial automation sector has seen a negative impact due to the COVID outbreak and is expected to grow at a CAGR of 10% in the coming years.
The industrial automation and instrumentation market in India is expected to grow by USD 2.58 billion during 2020-2024.
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
Contact Us For More Case Studies
Clients Speak
Strong support in recruitment
M+V is very professional in India HR market. They were able to provide us with strong support in our recruitment. We are satisfied with their service.
Incubation solution
With the incubation solution from Maier + Vidorno , we successfully placed our products in the Indian market and established valuable product market presence, which we can now build on further with our subsidiary
BIS registration project
The BIS registration project went smooth and efficient. We are very satisfied with the way the documentation, communication and inspection on-site was handled from the Maier+ Vidorno Team. We are happy to recommend working with M+V in India - with the expert's advice you will need.
Competent Partner
India has great investment potential for foreign companies if you manage the highly complex business environment professionally. Our experience shows - Maier+Vidorno is a competent partner to efficiently set up and run business.
Market Presence and Profitability
The cooperation of JUMO and Maier+Vidorno is a success story in India since 2008. Our sales, market presence and profitability in India shows constant growth. M+V knows about the challenges foreign companies face while doing business in India - and provides hands-on solutions.
Business Diagnostic and Implement Improvement
Maier+Vidorno understands business challenges in the Indian business environment and provides solutions with the help of its experts. M+V has experience in running business diagnostics and implement improvement and expansion strategies in various industries in India.