India Industrial Automation Market Outlook 2020-2025

India Industrial Automation Market Analysis 2020-2025

The India industrial automation market is anticipated to grow with a CAGR of 12.9% during the forecast period, i.e., 2021-2025. Factors such as the surge in the number of initiatives developed by the Government of India to promote the industrial sector, followed by the growing adoption of industrial robots across different industries and the rising need amongst businesses to lower their operational costs and enhance operational efficiency are anticipated to drive the market growth during the forecast period. Additionally, the growing economy of the nation, along with the increasing foreign direct investments across different industrial sectors are also expected to boost the market growth during the forecast period. The India industrial automation market is estimated to garner a revenue of about USD 6620 Million by the end of 2025, up from a revenue of close to USD 3760 Million in the year 2020.

The India industrial automation market is segmented into numerous segments, which include segmentation by type, component, technology, and by end-user. By type, the market is segmented into fixed automation, programmable automation, and flexible automation. Amongst these, the fixed automation segment is anticipated to garner the largest market revenue of around USD 2560 Million by the end of 2025. Moreover, in the year 2020, the segment generated a revenue of near to USD 1510 Million.

The India industrial automation market is further segmented by component into industrial sensors, industrial robots, industrial 3D printers, machine vision systems, field instruments, vibration monitoring, and others. By the end of 2025, the industrial robots segment is anticipated to garner the largest revenue of about USD 1700 Million. Moreover, in the year 2020, the segment generated a revenue of near to USD 910 Million.

Some of the prominent industry leaders in the India industrial automation market that are included in our report are Siemens AG, Endress+Hauser Group Services AG, ABB Ltd., Schneider Electric, Enpro Industrial Automation Pvt. Ltd., General Electric, ifm electronic India Pvt. Ltd., B&R Industrial Automation Pvt. Ltd., Mitsubishi Electric Corporation, Rockwell Automation, Inc., and others.