India Factory Automation Market By Type (Fixed Automation, Programmable Automation, Flexible Automation, and Integrated Automation), By Technology (Supervisory Control and data Acquisition (SCADA), Programmable Automation Controller (PAC), Programmable Logic Controller (PLC), Distributed Control System (DCS), and Human Machine Interface (HMI)), By End-User Industry (Manufacturing, Energy & Power,
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Factory Automation Market By Type (Fixed Automation, Programmable Automation, Flexible Automation, and Integrated Automation), By Technology (Supervisory Control and data Acquisition (SCADA), Programmable Automation Controller (PAC), Programmable Logic Controller (PLC), Distributed Control System (DCS), and Human Machine Interface (HMI)), By End-User Industry (Manufacturing, Energy & Power,
India factory automation market
Throughout the forecast period, the India factory automation market is predicted to grow at a stable rate. The market is primarily driven by rising demand for improved power quality and increased adoption of renewable energy sources. Additionally, the increasing number of power plants and the modernisation of existing power infrastructure are likely to boost market expansion. The market is highly fragmented, with numerous local and global firms. Product innovation, partnerships, and collaborations are just a few of the primary techniques used by these firms to improve their market position.
With the support of members of the Electronics and Computer Software Export Promotion Council, the Indian government is attempting to build a favourable ecosystem for producing and exporting electronics items such as televisions, closed-circuit televisions, and air conditioners. The manufacturing sector accounts for 17% of GDP, with the vision statement intending to raise that figure to 25% by the end of the year.
Furthermore, the adoption of e-commerce in India has resulted in a massive volume of business and several challenges for the warehouse industry. Transportation delays and a lack of trained labour, among other factors, prompted stakeholders to explore beyond traditional techniques to embracing robotics-enabled automation solutions.
Increasing Labour Costs
The manufacturing industry in India has been a big contributor to the country's economy, and as the industry has grown, so has the demand for labour. However, recent increases in labour costs have posed a challenge to India's manufacturing sector, which is struggling to maintain its competitiveness in the global market. In this environment, industrial automation has emerged as a feasible solution that can assist Indian firms in reducing their reliance on labour while increasing efficiency, quality, and output. With the rising cost of labour, many factories in India are turning to automation to reduce costs and increase efficiency. Automation can reduce labour costs, while still delivering high quality products and services. Additionally, automation can reduce the amount of time needed to produce a product and increase productivity. In addition, automation can reduce the chances of human error, which can be costly and time consuming to fix. Automation also has the potential to reduce the need for manual labour, which can help reduce labor costs and improve overall efficiency. Therefore, the decreasing labour costs will drive the India factory automation market but the minimum wage rates in India have been constantly growing. Labour costs in India are significantly greater than other Asian countries like China and Vietnam, making it difficult for Indian manufacturers to compete in the global market. As a result, businesses are seeking for ways to cut labour costs while increasing productivity, and automation is a viable solution that can address both issues.
Download Free Sample ReportIncreasing Production Requirements
The manufacturing business in India is expanding rapidly, and with it, the need for commodities and products. The growth in demand has put pressure on firms to enhance their output, resulting in a need for automation solutions. Factory automation can assist producers in increasing production efficiency, lowering production costs, and improving quality control.
Finally, the rising production demands in India are driving the demand for automation solutions. Factory automation can assist producers in increasing manufacturing output, lowering production costs, and improving quality control. As a result, demand for automation solutions is likely to increase in the coming years, becoming a key driver of the India industrial automation market.
Increasing Use of Robotics
Labour prices in India have been continuously rising in recent years, and the adoption of robotics can assist industries cut their labour costs while improving production efficiency. This low cost is likely to drive the adoption of robotics in manufacturing, boosting the factory automation market. The combination of cost-effectiveness, higher quality and efficiency, government initiatives, and increased demand clearly indicates that robotics will drive India's factory automation market in the future years.
Regulatory Compliance
Regulatory compliance is another key driver of the India factory automation market. Various industries such as pharmaceuticals, food processing, and automotive are subjected to strict regulatory requirements, and factory automation is essential to ensure compliance with these regulations. Factory automation also helps to reduce the risk of liability and ensure the safety of products and structures.
Recent Developments
- In April 2022, Mitsubishi Electric released a newcampaign to demonstrate its commitment to addressing the social challenges ofIndia in the various sectors of industry, infrastructure, life, and mobility.The first phase of the campaign will involve the launch and promotion of two120-second digital films based on the topics of infrastructure and industry,which will be promoted through digital media.
- In April 2022, Marico established a state-of-the-artproduction facility in Gujarat to increase its capacity to produce cosmeticproducts such as hair oils, gels, and moisturizers. To ensure the highestproductivity of the top node's inventory, Marico partnered with AddverbAdd tounderstand their production requirements and conducted rigorous data mining ofproduction and inventory data. AddverbAdd provided advanced material handlingautomation solutions, including ASRS, Mother-Child Shuttle System, InterflyingPacking, and others, which allowed for seamless integration with Marico'sexisting SAP and EWM systems.
Market Segments
The India factory automation market is segmented into type, technology, end user industry, and region. Based on type, the market is segmented into fixed automation, programmable automation, flexible automation, and integrated automation. Based on technology, the market is divided into supervisory control and data acquisition (SCADA), programmable automation controller (PAC), programmable logic controller (PLC),
Market Players
Major market players of
| Attribute | Details |
| Base Year | 2023 |
| Historic Data | 2019 – 2022 |
| Estimated Year | 2024 |
| Forecast Period | 2025 – 2029 |
| Quantitative Units | Revenue in USD Million and CAGR for 2019-2023 and 2024-2029 |
| Report Coverage | Revenue forecast, company share, growth factors, and trends |
| Segments Covered | Type Technology End-User Industry Region |
| Regional Scope | East India, West India, North India, South India |
| Key Companies Profiled | ABB India Ltd, Siemens Ltd, Schneider Electric India Pvt. Ltd, Honeywell Automation India Ltd, Mitsubishi Electric India Pvt. Ltd, OMRON Automation India, Emerson Electric Co. (India) Pvt. Ltd, YASKAWA India Pvt. Ltd, FANUC India Pvt. Ltd, Rockwell Automation India Pvt. Ltd. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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Competitive Landscape
Company Profiles
found at Customizations
India factory automation market
Company Information
- Detailed analysis and profiling ofadditional market players (up to five).
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