India - Industrial Automation and Instrumentation Market by End-user, Product, and Solution - Forecast and Analysis 2024-2028

Published: Nov 2023 Pages: 165 SKU: IRTNTR41572

India Industrial Automation and Instrumentation Market Forecast 2024-2028

The India industrial automation and instrumentation market is forecast to increase by USD 26.57 billion, growing at a CAGR of 9.51% between 2023 and 2028. The increasing simplification of manufacturing processes, driven by advancements in automation and digital technologies, is making production more efficient and cost-effective. The shift toward lean manufacturing, which focuses on minimizing waste and maximizing value, is helping companies improve their operational efficiency and competitiveness. Additionally, the rising need for the efficient use of resources and reduction of emissions is leading to the adoption of sustainable practices and technologies, which is not only environmentally beneficial but also cost-effective in the long run.

What will be the size of the Market During the Forecast Period?

Market Forecast 2024-2028

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Market Segmentation

This market research report extensively covers segmentation by end-user (process industry and discrete industry) and product (industrial automation and industrial instrumentation).

By End-user

The process industry segment will account for a major share of the market's growth during the forecast period. The growing energy demand has encouraged companies in India to explore new conventional and non-conventional hydrocarbon resources. Such exploration has driven the demand for automation and instrumentation solutions in the oil and gas, chemical and petrochemical, and power industries. The oil and gas industry has the highest share of the country's overall energy mix. 

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The process industry segment was valued at USD 24.24 billion in 2018. Process industries such as pharmaceutical, textile and apparel, power, as well as food and beverages, have also observed a strong demand. The increasing energy demand and the need to raise the capacity of the refineries are expected to attract investment in the energy sector, which will drive the demand during the forecast period.

By Product

Based on product, the market has been segmented into industrial automation and industrial instrumentation. The industrial automation segment will account for the largest share of this segment.?It encompasses a broad spectrum of products and solutions dedicated to streamlining and enhancing processes in industrial environments. This segment includes various product categories that are instrumental in revolutionizing the way industries operate. Such product categories collectively drive increased productivity, improved quality, and cost-effective operations in various industrial sectors, such as manufacturing. Hence, automation in the industrial sector will drive the growth of the market through the segment during the forecast period.

Market Dynamics

The market is driven by a focus on energy efficiency, cost optimization, and productivity. The adoption of digital technologies such as the Industrial Internet of Things (IIoT), machine learning, and artificial intelligence is enhancing industrial automation and resource management. Automation technologies like SCADA, DCS, PLC, and HMI are improving production efficiency and reducing operating costs. In the global industrial environment, India is investing in automation solutions such as process analyzers and transmitters to drive capital investment and market growth. Industries like manufacturing, oil & gas, food & beverages, and chemicals are embracing Industry 4.0 and cyber-physical systems to integrate IoT and cloud computing into their operations, further propelling the growth of the market. Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. 

Key Market Driver- Shift toward lean manufacturing

Lean manufacturing is a method used to reduce waste in manufacturing processes while maintaining or improving productivity. Control systems in discrete manufacturing have enhanced operational efficiency, promoting sustainable development. They focus on energy efficiency, cost optimization, and productivity while minimizing errors and ensuring scalability through the use of digital technologies. The preference for lean manufacturing has led to a continuous demand for automated solutions and systems among process and discrete manufacturers.

In the process industry, control systems play a crucial role in synchronizing manufacturing tasks, monitoring inventory movements, ensuring security, and improving quality. These systems provide real-time updates to operators on the shop floor, enabling detailed recording of process data, conditions, and results. This is particularly relevant in the context of Industry 4.0, where manufacturing firms in industries such as oil & gas, food & beverages, and chemicals rely on automation technologies such as SCADA, DCS, PLC, and HMI for efficient process automation. They also control the manufacturing process, reducing defect rates. Control systems support the timely execution of production processes, responding and reporting on plant activities as they occur, thus eliminating unnecessary activities. The shift toward lean manufacturing is expected to drive market growth in the forecast period.

Significant Market Trends- Growing importance of big data analytics and IoT

Big data analytics and the IoT are innovative technologies in the manufacturing sector that provide companies with a competitive advantage. The integration of IoT into big data analytics has enhanced production processes. The integration of automation control systems and big data analytics provides the ability to predict future risks and take the required steps for risk mitigation. It helps in proper decision-making as it gives information accurately and identifies the actual cause of a given problem.

Furthermore, automated systems such as SCADA, MES, and DCS generate a lot of data, and the adoption of IoT in manufacturing has raised the total amount of data generated by a single factory. Moreover, the growing digitalization will help the Indian market observe the rising adoption of IoT-enabled devices and big data analytics, which will drive the growth of the market in focus during the forecast period.

Major Market Challenge- Cybersecurity threats related to the use of industrial automation and instrumentation

The adoption of IIoT and connected technologies has eased the operation process, but they have raised the risks of cybersecurity in operational processes. Industrial automation and instrumentation ease many tasks for manufacturers. However, they are prone to cyber threats. Hackers exploit confidential corporate information by attacking classified networks within organizations. In addition, the primary cyber threats in the discrete industry include operational downtime, manipulation in the product development procedure, and theft of sensitive information. 

Moreover, India is a part of the bigger digital world, due to which it remains vulnerable to digital intrusions such as cyber espionage, cybercrime, and digital disruption. Cybercrime in India is rising due to loopholes and complications of new technological platforms, which can become a threat to the market in India during the forecast period.

Who are the Major India Industrial Automation and Instrumentation Market Companies?

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.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

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. 

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • End-user Outlook 
    • Process industry
    • Discrete industry
  • Product Outlook 
    • Industrial automation
    • Industrial instrumentation
  • Solution Outlook 
    • PLC
    • SCADA
    • DCS
    • HMI
    • Others

Market Analyst Overview

The market is witnessing significant growth driven by various industries like oil & gas, food & beverages, and chemicals. This growth is fueled by the need to reduce human errors, improve production cycle times, and enhance resource efficiency. Automation software solutions are being increasingly adopted by small businesses to streamline operations, from raw material procurement to finished product. Investments in system installation, maintenance, and upgrades are on the rise, especially in field instruments and plant assets. Enhanced plant safety, data acquisition, and measurement using sensors and semiconductor components are key focus areas for manufacturing organizations. Standardization and waste reduction are also driving factors in this market.

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

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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 forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Solution
    • Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 08: Parent market
    • Exhibit 09: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 10: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 11: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 12: Chart on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 13: Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 14: Chart on India: Year-over-year growth 2023-2028 (%)
      • Exhibit 15: Data Table on India: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Industrial automation and instrumentation market in India 2018 - 2022
      • Exhibit 16: Historic Market Size – Data Table on industrial automation and instrumentation market in India 2018 - 2022 ($ million)
    • 4.2 End-user Segment Analysis 2018 - 2022
      • Exhibit 17: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • 4.3 Product Segment Analysis 2018 - 2022
      • Exhibit 18: Historic Market Size – Product Segment 2018 - 2022 ($ million)
    • 4.4 Solution Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Solution Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 23: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 24: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 25: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 26: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 27: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 28: Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Exhibit 29: Chart on Comparison by End-user
      • Exhibit 30: Data Table on Comparison by End-user
    • 6.3 Process industry - Market size and forecast 2023-2028
      • Exhibit 31: Chart on Process industry - Market size and forecast 2023-2028 ($ million)
      • Exhibit 32: Data Table on Process industry - Market size and forecast 2023-2028 ($ million)
      • Exhibit 33: Chart on Process industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 34: Data Table on Process industry - Year-over-year growth 2023-2028 (%)
    • 6.4 Discrete industry - Market size and forecast 2023-2028
      • Exhibit 35: Chart on Discrete industry - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Data Table on Discrete industry - Market size and forecast 2023-2028 ($ million)
      • Exhibit 37: Chart on Discrete industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 38: Data Table on Discrete industry - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 39: Market opportunity by End-user ($ million)
      • Exhibit 40: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 41: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 42: Data Table on Product - Market share 2023-2028 (%)
    • 7.2 Comparison by Product
      • Exhibit 43: Chart on Comparison by Product
      • Exhibit 44: Data Table on Comparison by Product
    • 7.3 Industrial automation - Market size and forecast 2023-2028
      • Exhibit 45: Chart on Industrial automation - Market size and forecast 2023-2028 ($ million)
      • Exhibit 46: Data Table on Industrial automation - Market size and forecast 2023-2028 ($ million)
      • Exhibit 47: Chart on Industrial automation - Year-over-year growth 2023-2028 (%)
      • Exhibit 48: Data Table on Industrial automation - Year-over-year growth 2023-2028 (%)
    • 7.4 Industrial instrumentation - Market size and forecast 2023-2028
      • Exhibit 49: Chart on Industrial instrumentation - Market size and forecast 2023-2028 ($ million)
      • Exhibit 50: Data Table on Industrial instrumentation - Market size and forecast 2023-2028 ($ million)
      • Exhibit 51: Chart on Industrial instrumentation - Year-over-year growth 2023-2028 (%)
      • Exhibit 52: Data Table on Industrial instrumentation - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Product
      • Exhibit 53: Market opportunity by Product ($ million)
      • Exhibit 54: Data Table on Market opportunity by Product ($ million)

    8 Market Segmentation by Solution

    • 8.1 Market segments
      • Exhibit 55: Chart on Solution - Market share 2023-2028 (%)
      • Exhibit 56: Data Table on Solution - Market share 2023-2028 (%)
    • 8.2 Comparison by Solution
      • Exhibit 57: Chart on Comparison by Solution
      • Exhibit 58: Data Table on Comparison by Solution
    • 8.3 PLC - Market size and forecast 2023-2028
      • Exhibit 59: Chart on PLC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 60: Data Table on PLC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Chart on PLC - Year-over-year growth 2023-2028 (%)
      • Exhibit 62: Data Table on PLC - Year-over-year growth 2023-2028 (%)
    • 8.4 SCADA - Market size and forecast 2023-2028
      • Exhibit 63: Chart on SCADA - Market size and forecast 2023-2028 ($ million)
      • Exhibit 64: Data Table on SCADA - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Chart on SCADA - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on SCADA - Year-over-year growth 2023-2028 (%)
    • 8.5 DCS - Market size and forecast 2023-2028
      • Exhibit 67: Chart on DCS - Market size and forecast 2023-2028 ($ million)
      • Exhibit 68: Data Table on DCS - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Chart on DCS - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on DCS - Year-over-year growth 2023-2028 (%)
    • 8.6 HMI - Market size and forecast 2023-2028
      • Exhibit 71: Chart on HMI - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on HMI - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on HMI - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on HMI - Year-over-year growth 2023-2028 (%)
    • 8.7 Others - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 8.8 Market opportunity by Solution
      • Exhibit 79: Market opportunity by Solution ($ million)
      • Exhibit 80: Data Table on Market opportunity by Solution ($ million)

    9 Customer Landscape

    • 9.1 Customer landscape overview
      • Exhibit 81: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 82: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 83: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 84: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 85: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 86: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 87: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 88: ABB Ltd. - Overview
              • Exhibit 89: ABB Ltd. - Business segments
              • Exhibit 90: ABB Ltd. - Key offerings
              • Exhibit 91: ABB Ltd. - Segment focus
            • 12.4 AMETEK Inc.
              • Exhibit 92: AMETEK Inc. - Overview
              • Exhibit 93: AMETEK Inc. - Business segments
              • Exhibit 94: AMETEK Inc. - Key offerings
              • Exhibit 95: AMETEK Inc. - Segment focus
            • 12.5 Danfoss AS
              • Exhibit 96: Danfoss AS - Overview
              • Exhibit 97: Danfoss AS - Business segments
              • Exhibit 98: Danfoss AS - Key news
              • Exhibit 99: Danfoss AS - Key offerings
              • Exhibit 100: Danfoss AS - Segment focus
            • 12.6 Delta Electronics Inc.
              • Exhibit 101: Delta Electronics Inc. - Overview
              • Exhibit 102: Delta Electronics Inc. - Business segments
              • Exhibit 103: Delta Electronics Inc. - Key offerings
              • Exhibit 104: Delta Electronics Inc. - Segment focus
            • 12.7 Eaton Corp. Plc
              • Exhibit 105: Eaton Corp. Plc - Overview
              • Exhibit 106: Eaton Corp. Plc - Business segments
              • Exhibit 107: Eaton Corp. Plc - Key news
              • Exhibit 108: Eaton Corp. Plc - Key offerings
              • Exhibit 109: Eaton Corp. Plc - Segment focus
            • 12.8 Emerson Electric Co.
              • Exhibit 110: Emerson Electric Co. - Overview
              • Exhibit 111: Emerson Electric Co. - Business segments
              • Exhibit 112: Emerson Electric Co. - Key news
              • Exhibit 113: Emerson Electric Co. - Key offerings
              • Exhibit 114: Emerson Electric Co. - Segment focus
            • 12.9 Flowserve Corp.
              • Exhibit 115: Flowserve Corp. - Overview
              • Exhibit 116: Flowserve Corp. - Business segments
              • Exhibit 117: Flowserve Corp. - Key news
              • Exhibit 118: Flowserve Corp. - Key offerings
              • Exhibit 119: Flowserve Corp. - Segment focus
            • 12.10 Fuji Electric Co. Ltd.
              • Exhibit 120: Fuji Electric Co. Ltd. - Overview
              • Exhibit 121: Fuji Electric Co. Ltd. - Business segments
              • Exhibit 122: Fuji Electric Co. Ltd. - Key offerings
              • Exhibit 123: Fuji Electric Co. Ltd. - Segment focus
            • 12.11 General Electric Co.
              • Exhibit 124: General Electric Co. - Overview
              • Exhibit 125: General Electric Co. - Business segments
              • Exhibit 126: General Electric Co. - Key news
              • Exhibit 127: General Electric Co. - Key offerings
              • Exhibit 128: General Electric Co. - Segment focus
            • 12.12 Honeywell International Inc.
              • Exhibit 129: Honeywell International Inc. - Overview
              • Exhibit 130: Honeywell International Inc. - Business segments
              • Exhibit 131: Honeywell International Inc. - Key news
              • Exhibit 132: Honeywell International Inc. - Key offerings
              • Exhibit 133: Honeywell International Inc. - Segment focus
            • 12.13 Keyence Corp.
              • Exhibit 134: Keyence Corp. - Overview
              • Exhibit 135: Keyence Corp. - Product / Service
              • Exhibit 136: Keyence Corp. - Key offerings
            • 12.14 Mitsubishi Electric Corp.
              • Exhibit 137: Mitsubishi Electric Corp. - Overview
              • Exhibit 138: Mitsubishi Electric Corp. - Business segments
              • Exhibit 139: Mitsubishi Electric Corp. - Key news
              • Exhibit 140: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 141: Mitsubishi Electric Corp. - Segment focus
            • 12.15 Parker Hannifin Corp.
              • Exhibit 142: Parker Hannifin Corp. - Overview
              • Exhibit 143: Parker Hannifin Corp. - Business segments
              • Exhibit 144: Parker Hannifin Corp. - Key news
              • Exhibit 145: Parker Hannifin Corp. - Key offerings
              • Exhibit 146: Parker Hannifin Corp. - Segment focus
            • 12.16 Robert Bosch GmbH
              • Exhibit 147: Robert Bosch GmbH - Overview
              • Exhibit 148: Robert Bosch GmbH - Business segments
              • Exhibit 149: Robert Bosch GmbH - Key news
              • Exhibit 150: Robert Bosch GmbH - Key offerings
              • Exhibit 151: Robert Bosch GmbH - Segment focus
            • 12.17 Rockwell Automation Inc.
              • Exhibit 152: Rockwell Automation Inc. - Overview
              • Exhibit 153: Rockwell Automation Inc. - Business segments
              • Exhibit 154: Rockwell Automation Inc. - Key news
              • Exhibit 155: Rockwell Automation Inc. - Key offerings
              • Exhibit 156: Rockwell Automation Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 157: Inclusions checklist
                • Exhibit 158: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 159: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 160: Research methodology
                • Exhibit 161: Validation techniques employed for market sizing
                • Exhibit 162: Information sources
              • 13.5 List of abbreviations
                • Exhibit 163: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              industrial automation and instrumentation market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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