NEW YORK, January 10, 2022 / PRNewswire / – The growing industrial automation and instrumentation market share in India speak industrial automation segment will be important for income generation. The industrial automation market in India is primarily driven by the business imperative to efficiently use resources, improve productivity and optimize plant operations. Government regulations that seek to control carbon dioxide emissions by limiting energy consumption and the need to minimize waste of raw materials are also driving this market. The automation and industrial instrumentation market in India should grow by $ 1.92 billion from 2020 to 2025, progressing to a 8.62% CAGR according to the latest Technavio market report.
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Industrial automation and instrumentation market in India: Pilot & Challenge
Simplifying Manufacturing Through Automation to Drive Growth
The key factor in the growth of industrial automation and instrumentation market in India is the simplification of manufacturing through automation. In recent years, automation in manufacturing has transformed the factory and the economy of many manufacturing sectors. Advances in robotics, artificial intelligence, and machine learning allow machines to outperform humans in a range of work abilities that require cognitive abilities. Some of the advantages of automated manufacturing include increased labor productivity, low labor cost, elimination of routine work, high work safety, high product quality and reduced lead time. . As automated systems can easily adapt to operational changes, this reduces the time required to collect data and increases the efficiency of the overall production process.
Cyber security threats hamper market growth
Cyber security threats will be a major issue for the industrial automation and instrumentation market in India during the forecast period. Process and discrete industries are migrating to full automation using smart manufacturing technologies. The adoption of IIoT and connected technologies has made the operating process easier, but they have increased cybersecurity risks in business processes. Hackers exploit confidential company information by attacking classified networks within organizations. Industries such as medical devices, consumer durables, and automotive industry production processes are very sensitive. With the increasing number of product patents and the high volume of confidential data, it is becoming very difficult for discrete industrial operators to adopt automated devices and the Internet of Things (IoT) due to the looming threat of cyber attacks. Cybercrime in India is on the rise due to the shortcomings and complications of new technology platforms, posing a threat to the industrial automation and instrumentation market in India.
Holistic analysis of drivers and challenges will help infer end goals and refine marketing strategies to gain competitive advantage. The automation and industrial instrumentation market in India The analysis report also provides detailed information about other upcoming trends which will have a considerable effect on the growth of the market.
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Industrial automation and instrumentation market in India: Segmentation analysis
This market research report segments the industrial automation and instrumentation market into India through Product (Industrial Automation and Industrial Instrumentation) and Final user (Process industry and Discrete industry).
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Some of the main topics covered in the report include:
Market factors
Market challenges
Market trends
Supplier landscape
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India Industrial Automation and Instrumentation Market |
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Cover of the report |
Details |
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Page number |
120 |
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Year of reference |
2020 |
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Forecast period |
2021-2025 |
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Growth dynamics and CAGR |
Accelerate to a CAGR of 8.62% |
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Market growth 2021-2025 |
$ 1.92 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
8.04 |
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Efficient contribution to the market |
100% India |
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Competitive landscape |
Leading companies, competitive strategies, reach of consumer engagement |
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Profiled companies |
ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Honeywell International Inc., Robert Bosch GmbH, Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE and Siemens AG |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period, |
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Customization |
If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments. |
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SOURCE Technavio
