Kenneth Research has released a report titled “India Industrial Automation Market: Global Demand Analysis & Opportunity Outlook 2025” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
In one of the statistics by the Department for Promotion of Industry and International Trade (DPIIT), the cumulative FDI inflows in the manufacturing subsectors between April 2000 and June 2021, amounted to USD 100.35 Billion. Further, in May 2020, according to the statistics by the India Brand Equity Foundation (IBEF), the Government of India (GOI) increased FDI in the defense manufacturing sector from 49% to 74%.
The statistics portray the growing foreign direct investments (FDIs) witnessed across different industrial sectors in India. Backed by the growing focus of the government on developing supportive policies to promote the growth of the industrial sector, along with the rising need of businesses to enhance their operational efficiency and lower their operational costs, the need for industrial robots is on the rise. Moreover, in the recent years, the industries in the nation are also shifting towards Industry 4.0 which is also expected to drive the adoption of industrial automation, and in turn, boost the market growth.
The India industrial automation market is anticipated to grow with a CAGR of 12.9% during the forecast period, i.e., 2021-2025. The market is estimated to garner a revenue of USD 6624.1 Million by the end of 2025. Additionally, in the year 2020, the market in the nation generated a revenue of USD 3760.4 Million. The market is segmented by type into fixed automation, programmable automation, and flexible automation. The fixed automation segment, out of all the other segments, is anticipated to garner the largest market revenue of USD 2556.9 Million by the end of 2025, up from a revenue of USD 1507.9 Million in the year 2020.
The market is further segmented by component into industrial sensors, industrial robots, industrial 3D printers, machine vision systems, field instruments, vibration monitoring, and others. The industrial robots segment, out of all the other segments, is anticipated to garner the largest revenue of USD 1702.4 Million by the end of 2025, up from a revenue of USD 913.8 Million in the year 2020.
However, the high capital expenditure and maintenance cost is one of the major factors predicted to hinder the market growth in the coming years.
This report also provides the existing competitive scenario of some of the key players of the India industrial automation market, which includes company profiling of Siemens AG, Endress+Hauser Group Services AG, ABB Ltd., Schneider Electric, Enpro Industrial Automation Pvt. Ltd., General Electric, ifm electronic India Pvt. Ltd., B&R Industrial Automation Pvt. Ltd., Mitsubishi Electric Corporation, Rockwell Automation, Inc., and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “India Industrial Automation Market: Global Demand Analysis & Opportunity Outlook 2025”, analyses the overall India industrial automation industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the India industrial automation market in the near future.
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