Industrial Automation and Instrumentation Market in India 2018-2022
About Industrial Automation and Instrumentation
Industrial automation systems are used for controlling the manufacturing process or control process in production without continuous human intervention. Industrial instrumentation is used for measuring process variables such as temperature, fluid, and others within industrial premises.
Technavio’s analysts forecast the Industrial Automation and Instrumentation Market in India to grow at a CAGR of 6.85% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the industrial automation and instrumentation market in India. To calculate the market size, the report considers the revenue generated from the sales of the transmitters, control valves, and analysers.Technavio's report, industrial automation and instrumentation market in India 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Industrial Automation and Instrumentation Market in India 2018-2022
Technavio recognizes the following companies as the key players in the industrial automation and instrumentation market in India: ABB, Emerson Electric, Rockwell Automation, Schlumberger, Schneider Electric, and Siemens.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is shift from on-premises to cloud-based systems.” Industrial operators in India are becoming more aware of the emergence of the concept of service-based technology architecture.
According to the report, one driver influencing this market is the simplification of manufacturing through automation. Automated systems like SCADA, PLCs, DCS, and MES help industrial operators to streamline and automate complex manufacturing and reporting processes.
Further, the report states that one challenge affecting this market is the cyber security threats. The primary cyber threats in the discreet industry include operational downtime, manipulation in product development procedure, and theft of sensitive information.