India Factory Automation Market Forecast and Opportunities, 2020
Factory automation is becoming an important part of the Indian industrial sector on account of the rising efforts to make manufacturing processes more efficient and reduce defect rates. Factory automation is proving to be a huge success in the Indian market due to extensive use of new and improved technologies for producing better products. Automation systems with advanced features are being deployed in major sectors such as automotive, chemicals, manufacturing, and mining, etc., to perform a number of complex tasks and consistently provide customers with superior quality products. The installation of advanced communication networks is also facilitating in optimizing workflow in production facilities. Further, growing adoption of energy saving control equipment such as energy efficient motor systems, is also anticipated to propel the adoption of factory automation in India in the coming years.
According to TechSci Research report “India Factory Automation Market Forecast & Opportunities, 2020”, factory automation market in India is projected to witness a CAGR of around 12% during 2015 - 2020. Growing use of robots on factory floors for increasing efficiency, reliability and accuracy of the production processes, is driving the country’s factory automation market. Moreover, increasing domestic manufacturing on account of government initiatives like Make in India, is expected to stimulate growth in automation solutions market in India through 2020. Western and Northern regions are the major markets for factory automation in India due to continuing industrial growth, and presence of Special Economic Zones and various automotive hubs in these regions. Leading players operating in India factory automation market include Siemens, ABB, Schneider, Honeywell, and Mitsubishi, among others. “India Factory Automation Market Forecast & Opportunities, 2020” discusses the following aspects of factory automation market in India:
India Factory Automation Market Size, Share & Forecast
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The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with factory automation system providers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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1. Siemens Ltd. 2. ABB India Ltd. 3. Schneider Electric India Pvt. Ltd. 4. Honeywell Automation India Ltd. 5. Mitsubishi Electric India Pvt. Ltd. 6. Rockwell Automation India Pvt. Ltd. 7. OMRON Automation India 8. Emerson Electric Co. (India) Pvt. Ltd. 9. YASKAWA India Pvt. Ltd. 10. FANUC India Pvt. Ltd.