Download
1 / 4
40 likes | 44 Views
The India industrial automation market is estimated to garner a revenue of USD 6624.1 Million by the end of 2025 by growing at a CAGR of 12.9% over the forecast period, i.e., 2021 u2013 2025. Moreover, in the year 2020, the market in the country registered a revenue of USD 3760.4 Million. The growth of the market can be attributed to the increasing focus of the government of the nation to support the adoption of industrial automation, and for the rising adoption of industrial robotics. The Government of India, over the past few years have taken several initiatives, such as SAMARTH Udyog Bharat 4.0
E N D
India Industrial Automation Market to Grow on the Back of Rising Foreign Direct Investments (FDIs) Across Different Industrial Sectors; Market to Grow with a CAGR of 12.9% During 2021-2025 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%. Get Sample Reports Here - https://www.kennethresearch.com/sample-request-10352286 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. Get Sample Reports Here - https://www.kennethresearch.com/sample-request-10352286
Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties. Contact for more Info: AJ Daniel Email: sales@kennethresearch.com U.S. Phone: +1 313 462 0609
