The Industrial Automation And Instrumentation Market in India is being driven by Increasing simplification of manufacturing through automation
The Industrial Automation And Instrumentation Market in India is expected to grow at a CAGR of 9.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 29867.7 million. In the Indian industrial landscape, there is a growing recognition among operators for the significance of service-based technology architectures. The transition from a cloud-first to a cloud-only model is compelling companies to escalate their investments in public cloud services. By adopting a cloud-based environment, automation providers and manufacturers can unlock greater flexibility and enhanced functionality. Key advantages of cloud-based systems include robust security, disaster recovery capabilities, and cost savings. However, small and medium enterprises (SMEs) in process and discrete industries face financial constraints, making the upfront investment for advanced automation control systems, such as Manufacturing Execution Systems (MES) and Distributed Control Systems (DCS), a challenge.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
177 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.8% |
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Market growth 2025-2029 |
USD 29867.7 million |
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Market structure |
fragmentation |
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YoY growth 2024-2025(%) |
9.1 |
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Key countries |
India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Industrial Automation and Instrumentation Market in India focuses on energy efficiency, cost optimization, and productivity in various industries. Key drivers include errors reduction, scalability, and integration of digital technologies such as IIoT, machine learning, and artificial intelligence. Automation solutions like SCADA, DCS, PLC, HMI, process automation, and instrumentation market offerings are in high demand. Manufacturing firms in sectors like oil & gas and food & beverages seek to enhance production efficiency and reduce operating costs in the evolving global industrial environment. Cyber-physical systems, IoT, and cloud computing are transforming the industry with Industry 4.0 technologies. Capital investment in advanced automation technologies continues to grow, with process analyzers and transmitters being essential components.
The Industrial Automation and Instrumentation Market in India is a significant segment of the larger global Electrical Components and Equipment Market. This market encompasses businesses specializing in automation solutions, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components. Technavio's analysis of the global market includes the revenues of manufacturers of electrical components, such as motors, motor control, encoder and amplifier, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, and renting or leasing electrical components and equipment to various industries, including industrial, commercial, and residential. Key trends driving growth in this market include energy efficiency, cost optimization, productivity enhancement, scalability, and the integration of digital technologies like IIoT, machine learning, and artificial intelligence.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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