India Industrial Automation Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The India Industrial Automation Market is projected to expand from USD 13.23 billion in 2023 to USD 25.76 billion by 2028, growing at a CAGR of 14.26% during the forecast period (2023–2028).

Industrial automation encompasses the use of control systems, including robots, computers, and information technologies, to manage various industrial processes and machinery, minimizing reliance on human intervention. It signifies an advancement beyond mechanization in the realm of industrialization.

Key technological advancements like the Industrial Internet of Things (IIoT) and Industry 4.0 play pivotal roles in modern approaches to evolution, production, and complete logistics chain management, particularly in smart factory automation. These developments involve interconnecting machinery and devices via the internet, revolutionizing industrial trends.

Labeling equipment stands as a critical element within production lines across diverse industries. These machines, equipped with automatic label feeders that track label lengths and adapt to product size changes, contribute significantly to reducing downtime, enhancing productivity, and cutting costs.

The healthcare industry in India is increasingly embracing automated equipment, propelled by the nation's burgeoning manufacturing sectors. Major trends such as the rise of private healthcare providers, expansion in drug manufacturing companies, and the implementation of universal healthcare are expected to shape the future landscape of the pharmaceutical industry.

Despite the advantages, challenges persist in adopting industrial automation in India. The installation and acquisition costs of automation systems, accounting for around half the total lifetime cost, pose a significant hurdle. Moreover, frequent changes in networking and technology result in considerable cost escalations beyond the initial investment, further restraining widespread adoption.

The COVID-19 pandemic and subsequent lockdowns globally significantly disrupted industrial activities, leading to labor shortages, supply chain disruptions, raw material scarcity, fluctuating prices impacting production budgets, shipping complications, and more.

Regarding market trends, the Human-Machine Interface (HMI) is poised for significant growth in the India Industrial Automation Market. HMI acts as a user interface connecting individuals to machines, systems, or devices. It communicates with Programmable Logic Controllers (PLCs) and sensors, displaying critical data through graphs, charts, or digital dashboards. This interface aids in managing alarms, connecting with various systems, and overseeing key performance indicators (KPIs) within factory automation settings.

Industrially, HMIs are instrumental in visually displaying data, tracking production metrics, monitoring machine inputs and outputs, and enhancing overall production efficiency. Its customization capabilities cater to specific plant requirements, automating and overseeing operations without significant human intervention, thereby reducing accidents and optimizing processes.

HMI technology finds extensive utility across various industries including energy, oil and gas, transportation, food and beverage, power, water and wastewater, manufacturing, and recycling, revolutionizing interactions with devices and refining industrial processes.

Read Full Market Report

Comments

Post a Comment

Popular posts from this blog

Shipping Containers Market Projected to Reach USD 12.77 Billion by 2030, Driven by E-commerce Growth and Cold-Chain Expansion

  Introduction   The global shipping containers market is experiencing steady growth, with projections indicating an increase from USD 10.27 billion in 2025 to USD 12.77 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.46%. According to Mordor Intelligence Shipping Containers Market Report , this expansion is primarily fueled by the surge in e-commerce activities, the need for efficient cold-chain solutions, and advancements in intermodal transportation.   Key Trends   E-commerce Fulfillment   The rapid growth of e-commerce has significantly impacted on the shipping containers market. The demand for faster and more efficient delivery systems has led to increased use of standardized containers, particularly 40-foot units, which accounted for 52.64% of the market share in 2024.   Cold-Chain Expansion   The pharmaceutical and food industries' need for temperature-controlled transportation has driven the demand for refrigerated c...
Read more

DATA CENTER POWER MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

  The IT industry requires on-premise private data storage and hyper-scale data centres for its operations, depending on the size of the organization. Additionally, the adoption of cloud storage has increased over the years due to growth among SaaS providers, enabling cloud storage providers to expand their capacities. Hence, the increasing data load requires more power. This creates a requirement for efficient power solutions in IT applications. According to the Data Center Survey recently published by Vertiv, 98% of the participants voted for IT utilization to be above 20% by 2025. This indicates that IT companies are focusing on deploying an efficient power source for their data centres and increasing their utilization rate. Cloud storage providers, like AWS, Microsoft, and Google, are expanding their storage capabilities to offer more efficient workflows in the cloud. These companies are making investments in hyperscale deals. For instance, in June last year, Amazon Web Service...
Read more

Second Hand Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The Off-the-Shelf Second Hand Furniture Market is segmented into the distribution channel, which is further segmented into online and offline, out of which the offline segment, with a larger market share in 2021, is anticipated to have the largest share during the forecast period. However, with the rise of an increasing number of smartphone users and increasing penetration of internet users, the market share for the online segment is expected to grow at a higher rate over the forecast period. The Asia Pacific is expected to account for a larger share in terms of revenue during the forecast period. The increasing size of the online marketplace for second-hand goods is anticipated to drive the growth of the Asia Pacific regional market.  The Off-The-Shelf Second Hand Furniture Market size is estimated at USD 21.30 billion in 2023, and is expected to reach USD 29.28 billion by 2028, growing at a CAGR of 6.57% during the forecast period (2023-2028). The market is increasi...
Read more