India Industrial Automation Industry Expected to reach INR 197 billion by 2020: Ken Research
Author(s): City Air NewsNew Delhi, December 11, 2015: Ken Research announced its latest publication on “India Industrial Automation Market Outlook to 2020” which provides a comprehensive analysis of the various aspects such as market size...
cityairnews
Dec 11, 2015 12:30
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New Delhi, December 11, 2015: Ken Research announced its latest publication on “India Industrial Automation Market Outlook to 2020” which provides a comprehensive analysis of the various aspects such as market size of the process and factory automation being an integral part of industrial automation. The market is segmented on the basis of products, industrial network, applications, industry scale, imported and domestic procurement and control devices. The report covers market positioning of major players in factory as well as process automation along with their detailed company profiles. The future outlook of the industrial automation with the major growth drivers and challenges, trends and development, SWOT analysis and macroeconomic variables are presented in the report. This report will help industry consultants, automation product manufacturers, system integrators, automation distributors, industrial units and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Innovation in Information Technology, increase in disposable income, rise in demand of goods and services augmented by increase in population, hike in salaries and wages of labour, emergence of middle class and other are some of the factors expected to drive the industrial automation growth in the future. With the development of the Indian manufacturing sector, there has been a need for more competitive edge in terms of productivity, profitability, safety and sustainable manufacturing processes. The concept of semi-knock down manufacturing and domestic manufacturing is likely to increase in the future due to ‘Make in India’ initiative and relaxation of FDI policies in the manufacturing sector across different industries.
In addition to this, exports of automation products will become competitive in the world market due to hike in interest rates by Federal Reserve in the United States. The industrial automation market revenue are expected to augment at the CAGR of ~% from FY’2016 to FY’2020, reaching industry sales worth INR 197.0 billion in FY’2020 and is likely to sustain its control over manufacturing industries in the coming years.
In the coming future, industrial automation sector will witness deeper connections between the plant floor and the business along with the broader ecosystem which surrounds the manufacturer. The industry will mark a closer association between engineers who are located at the head-office and employees at manufacturing plant located far distant places.
The Analyst at Ken Research recommends that In order to compete on a global level and produce quality products, Indian manufacturers need to aim at improving capital and labour productivity. Moreover, hardening of industrial Ethernet networks are required to migrate to IPV6 that incorporate a stronger security model.
Key Topics Covered in the Industrial Automation Report:
Industrial Automation Market in India
- Comparative Analysis of India Industrial Automation Market with Developed Countries
- Market Size by Revenue
- Factory Automation Market Size by Revenues
- Process Automation Market Size by Revenues
- Market Segmentation by
o Products
o Applications
o Industrial Network
o Industrial Scale
o Imported and Domestic Procurement
- Market Share in Process Automation
- Market Share in Factory Automation
- Company Profiles
- Trends and Development
- SWOT Analysis
- Major Challenges
- Entry Barriers
- Growth Drivers
- Cost Required to Automate a Sugar Plant in India
- Business Model
- Entry Barriers
- Future Outlook
- Macro Economic Parameters
Products Covered in the Report
Process Automation
Factory Automation
Control Devices
Industrial Network
Industrial Robotics
Wired/Wireless Network
Switches
Sensors/Chipsets
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Supervisory Control & Data Acquisition (SCADA)
Companies Covered in the Report
ABB
Siemens
Honeywell
Emerson
Rockwell
GE
Mitsubishi
Yokogawa
Delta
Omron
Schneider Electric
Date:
Friday, December 11, 2015
