Technavio has been monitoring the industrial automation and instrumentation market in India and it is poised to grow by USD 2.58 billion during 2020-2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Industrial Automation and Instrumentation Market in India 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
- What was the size of the industrial automation and instrumentation market in India in 2019?
- Technavio says that the value of market was at USD 4.05 billion in 2019 and is projected to reach USD 6.63 billion by 2024.
- Based on segmentation by end-user, which is the leading segment in the market?
- The process industry segment is expected to be the leading segment based on end-user in the global market during the forecast period.
- At what rate is the market projected to grow?
- The is expected to grow at a CAGR of over 10% during the forecast period.
- Who are the top players in the market?
- ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., General Electric, Honeywell International Inc., Robert Bosch GmbH, Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE, and Siemens AG are some of the major market participants.
- What are the key market drivers and challenges?
- The shift toward lean manufacturing and simplification of manufacturing through automation are the major factors driving the market. However, cybersecurity threats may restraint the market growth.
- How big is the industrial automation segment?
- The industrial automation segment will contribute 61% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., General Electric, Honeywell International Inc., Robert Bosch GmbH, Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE, and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The shift toward lean manufacturing has been instrumental in driving the growth of the market.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Industrial Automation and Instrumentation Market in India 2020-2024: Segmentation
Industrial Automation and Instrumentation Market in India is segmented as below:
- Industrial Automation
- Industrial Instrumentation
- Process Industry
- Discrete Industry
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Industrial Automation and Instrumentation Market in India 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The industrial automation and instrumentation market in India report covers the following areas:
- Industrial Automation and Instrumentation Market in India: Size
- Industrial Automation and Instrumentation Market in India: Trends
- Industrial Automation and Instrumentation Market in India: Industry Analysis
This study identifies the simplification of manufacturing through automation as one of the prime reasons driving the industrial automation and instrumentation market growth in India during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Industrial Automation and Instrumentation Market in India 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist industrial automation and instrumentation market growth in India during the next five years
- Estimation of the industrial automation and instrumentation market size in India and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial automation and instrumentation market in India
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of industrial automation and instrumentation market vendors in India
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Industrial automation – Market size and forecast 2019-2024
- Industrial instrumentation – Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user placement
- Process industry – Market size and forecast 2019-2024
- Discrete industry – Market size and forecast 2019-2024
- Market opportunity by End-user
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher priced units
- Market challenges
- Market trends
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- ABB Ltd.
- Eaton Corp. Plc
- Emerson Electric Co.
- General Electric
- Honeywell International Inc.
- Robert Bosch GmbH
- Rockwell Automation Inc.
- Schlumberger Ltd.
- Schneider Electric SE
- Siemens AG
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
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