Indian Industrial Automation Market:-The Indian industries are developing their automation competences conveying it at par with the standards around the globe owing to the pressing requirement for the operation excellence, developed output, quality and to manage the six sigma values in the introduction procedures. Industrial automation defines the usage of the programmable logic and intelligent machines to automate the various industrial procedures and to decrease human interference. It has become most effective for companies to increase their productivity with profitable automation due to the transforming requirements of the end-users. As automation develops the effectiveness and quality of products and manages dependability all through the micro and macro-level procedures around the industries. Moreover, the key players of this market are doing significant developments in the technology which deliver effective productivity and increase the demand among the various industries which further lead the market grew more significantly during the forecasted period.
According to the report analysis, ‘Indian Industrial Automation Market Analysis’ states that there are several key players which are recently functioning in this market more effectively for accounting the highest market share around the globe with the effective techniques of doing work and establishment of new and innovated technologies in the business premises which further deliver better satisfaction and increase the demand includes Siemens Ltd., Schneider Electric, ABB Ltd., Rockwell Automation, and Honeywell International Inc. Moreover, the key players of this market are adopting the effective strategies and policies by which they can enhance the productivity and improves the efficiency of the output and further lead the market grew more significantly in the coming years around the globe.
Additionally, the global market of Indian industrial automation is sectored differently which majorly includes types of automation, automation technologies, and end-users. Whereas, based on the end-users the market of industrial automation in India is sub-segmented into the automotive industry, power, oil & gas, food processing, pharmaceutical, chemicals, and several others. For instance, the power, oil & gas, and automotive industries are at the pole position for implementation of different automation technologies followed by the pharmaceutical sector due to the ultimatum to optimize plant operations, manages the safety and security and to raise the profit margins. Furthermore, the Indian industrial automation market is sectored into the three automation types, namely process automation, factory automation, and electric automation. This market is fueled by the growing investments in the secondary manufacturing sector due to the inspiring government policies and fluctuating consumer behavior. The country intentions to develop its infrastructure abilities to fascinate more global investors and to boom up its manufacturing potential.
The country is anticipated to reinforce its manufacturing sector from its current share of 16.57% of the GDP in FY2017 to 25%-30% of the GDP by FY2030. According to research, the Industrial Automation Market in India will observe a significant CAGR of 11.6% during the forecast period of 2017-2023. Therefore, it is expected that in the near future, the market for industrial automation in India will increase more significantly over the decades.
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Ankur Gupta, Head Marketing & Communications