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The India industrial automation and instrumentation market size is forecast to increase by USD 26.57 billion at a CAGR of 9.51% between 2023 and 2028. The Industrial Automation and Instrumentation (IA&I) market in India is experiencing significant growth, driven by the increasing simplification of manufacturing processes through automation. This trend is particularly evident in sectors such as automotive, pharmaceuticals, and chemicals, where the adoption of advanced technologies like the Industrial Internet of Things (IIoT), Artificial Intelligence (AI), and Machine Learning (ML) is transforming production processes. Another key trend is the shift from on-premises to cloud-based systems, which offers cost savings, flexibility, and scalability. However, the IA&I market also faces challenges, including cybersecurity threats related to the use of industrial automation and instrumentation. With the increasing interconnectivity of industrial systems, protecting against cyberattacks is becoming a top priority for organizations. Despite these challenges, the future of the IA&I market in India looks promising, with strong government support, a skilled workforce, and a growing focus on digital transformation driving growth.
The market is witnessing significant growth due to the increasing focus on energy efficiency, cost optimization, and productivity in various industries. The market is driven by the need for error-free operations and scalability in production processes. Digital technologies such as IIoT, machine learning, and artificial intelligence are transforming the industrial automation landscape, enabling real-time monitoring and predictive maintenance. Automation technologies including SCADA, DCS, PLC, HMI, and process automation solutions are in high demand. The Instrumentation market comprises process analyzers, transmitters, and other measurement devices, which are essential for industrial processes. Capital investment in automation and instrumentation is on the rise as manufacturing firms seek to reduce operating costs and improve production efficiency in the global industrial environment.
Furthermore, industries such as Oil & gas and Food & beverages are major consumers of automation and instrumentation solutions due to their complex production processes. The integration of Industry 4.0, Cyber-physical systems, IoT, and cloud computing is revolutionizing the industrial automation sector, offering new growth opportunities. The market is expected to continue its upward trajectory, driven by the increasing adoption of advanced automation technologies and the growing demand for efficient and cost-effective production processes.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The process industry segment is estimated to witness significant growth during the forecast period.The market is witnessing significant growth, particularly in the process industry. Key sectors driving this trend include oil and gas, chemical and petrochemical, textile and apparel, mining and metals, water and wastewater, food and beverages, power, and pharmaceutical. The increasing focus on energy efficiency, cost optimization, and productivity is fueling the demand for automation and instrumentation solutions in these industries. In the oil and gas sector, which holds the largest share in India's energy mix, automation technologies such as SCADA, DCS, PLC, HMI, process analyzers, and transmitters are being adopted to enhance production efficiency and reduce operating costs. Digital technologies, including IIoT, machine learning, and artificial intelligence, are also being integrated into automation systems to ensure scalability and improve accuracy, reducing human errors and shortening production cycle time.
Furthermore, small businesses are also adopting automation software solutions to remain competitive in the global industrial environment. Cyber-physical systems, IoT, and cloud computing are being used to streamline raw material procurement and system installation, as well as for maintenance and system upgrades. The Indian government's reforms, such as 100% FDI and the introduction of GST, have simplified the business landscape, making it easier for domestic and foreign players to invest and operate in the country.
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The process industry segment was valued at USD 24.24 billion in 2018 and showed a gradual increase during the forecast period.
Our market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing simplification of manufacturing through automation is the key driver of the market. In the global industrial environment, the need for energy efficiency, cost optimization, and productivity has led manufacturing firms in India to adopt automation technologies extensively. The market has witnessed significant growth due to the implementation of digital technologies such as IIoT, machine learning, and artificial intelligence. These advanced solutions enable scalability, reduce human errors, and optimize production efficiency. The oil & gas industry and food & beverages industry are major consumers of automation solutions, including SCADA, DCS, PLC, HMI, process automation, and instrumentation market offerings. Automation software solutions, process analyzers, and transmitters have become essential components of production units, helping to streamline raw material procurement, system installation, and maintenance.
Furthermore, the benefits of automation manufacturing include reduced production cycle time, high work safety, increased productivity, and lower operating costs. The complexity of manufacturing processes, particularly in sectors requiring long cycle times, highly skilled labor, and extensive data collection and verification, necessitates the adoption of automation technologies. Cyber-physical systems, IoT, and cloud computing are transforming the manufacturing landscape, allowing small businesses to compete with larger enterprises by reducing capital investment and increasing system flexibility.
Shift from on-premises to cloud-based systems is the upcoming trend in the market. In the Indian industrial landscape, there is a growing emphasis on energy efficiency, cost optimization, and productivity, leading to a rise in demand for industrial automation and instrumentation solutions. Digital technologies, including IIoT, machine learning, and artificial intelligence, are increasingly being adopted to streamline production processes and minimize errors. Industrial automation solutions, such as SCADA, DCS, PLC, HMI, and process automation systems, are being implemented to improve resource utilization and production efficiency. The oil & gas and food & beverages industries are major consumers of automation technologies, with the former focusing on process analyzers, transmitters, and automation software solutions for raw material procurement and production cycle time optimization.
Furthermore, the global industrial environment is undergoing a digital transformation, with Industry 4.0 driving the adoption of cyber-physical systems, IoT, and cloud computing. SMEs, in particular, are seeking cost-effective automation solutions to remain competitive, making system installation and maintenance critical areas of focus. Despite these challenges, the instrumentation market in India is expected to grow, offering significant opportunities for automation providers and manufacturers.
Cybersecurity threats related to use of industrial automation and instrumentation is a key challenge affecting market growth. In the global industrial environment, there is a growing trend towards automation and instrumentation in process and discrete industries for enhancing energy efficiency, cost optimization, and productivity. Industrial automation solutions encompass technologies such as Supervisory Control and Data Acquisition (SCADA), Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), Human-Machine Interfaces (HMI), and Process Automation. These systems integrate with enterprise resource planning (ERP) to streamline production processes and minimize errors. The adoption of digital technologies, including the Industrial Internet of Things (IIoT), machine learning, and artificial intelligence, is transforming industrial automation and instrumentation. IIoT facilitates scalability and real-time monitoring of production units, enabling small businesses to compete with larger manufacturing firms.
However, these technologies introduce new challenges, such as cybersecurity risks. Cyber threats, including operational downtime, manipulation in the product development procedure, and theft of sensitive information, pose significant risks to industrial automation and instrumentation systems. The oil & gas industry and food & beverages industry are particularly vulnerable due to their critical infrastructure and extensive use of cyber-physical systems. Automation software solutions and cloud computing are essential for mitigating these risks, ensuring production efficiency, and optimizing operating costs. In the production cycle, automation technologies reduce human errors and improve raw material procurement processes. System installation and maintenance are crucial aspects of industrial automation and instrumentation, requiring expertise and resources.
Overall, the instrumentation market offers numerous benefits, but it is essential to invest wisely in automation solutions and prioritize cybersecurity to maximize returns.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd.: The company offers industrial automation and instrumentation such as ABB Ability Genix Industrial Analytics AI Suit.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing focus on energy efficiency, cost optimization, and productivity in various industries. The market is driven by the global industrial environment and the adoption of automation technologies such as SCADA, DCS, PLC, HMI, and process automation solutions. The Instrumentation market includes process analyzers, transmitters, and automation software solutions. The Oil & gas industry and Food & beverages industry are major consumers of these solutions due to their need for precise process control and monitoring. Digital technologies like machine learning and artificial intelligence are increasingly being used to improve production efficiency, reduce operating costs, and minimize errors.
Furthermore, cyber-physical systems, IoT, and cloud computing are also gaining popularity in the Indian market due to their scalability and ability to connect production units across locations. Small businesses are also adopting automation solutions to improve system installation and maintenance, reduce production cycle time, and optimize raw material procurement. Industry 4.0 is expected to further drive market growth by enabling real-time data analysis and predictive maintenance. Industrial software plays a crucial role in optimizing manufacturing organizations by enhancing automation equipment, reducing waste, accelerating output, and ensuring the quality of both raw materials and finished products through standardization. Despite the benefits, the market faces challenges such as high capital investment and cybersecurity concerns. Human errors continue to be a significant issue in the production process, and addressing these errors is a priority for manufacturing firms. The Indian Industrial Automation and Instrumentation Market is poised for growth due to the increasing demand for automation solutions, digital technologies, and the need for energy efficiency and cost optimization in various industries.
Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.51% |
Market growth 2024-2028 |
USD 26.57 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.87 |
Key companies profiled |
ABB Ltd., AMETEK Inc., Danfoss AS, Delta Electronics Inc., Eaton Corp. Plc, Emerson Electric Co., Flowserve Corp., Fuji Electric Co. Ltd., General Electric Co., Honeywell International Inc., Keyence Corp., Mitsubishi Electric Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE, Siemens AG, The Weir Group Plc, and Yokogawa Electric Corp. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Market Segmentation by Solution
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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