India Industrial Automation Market Report - 2020
Automation has been a critical factor for the determination of extended growth for industrial sector in India. With an estimated growth rate of % from FY’2010 to FY’2015, the industrial automation sector has witnessed a rapid adoption of automation across manufacturing industries in the past five years. The root of industrial automation draws back to industrial revolution in 18th century.
The term automation generally refers to the system of integration of machines into a self governing system. Industrial automation can be defined as technology concerned with performing a process by the means of programmed commands coupled with control and monitoring devices to ensure a proper execution of instructions so that machines can function without any human intervention.
Industrial automation assists to build an efficient and successful company. The process automation market is largely dominated by control devices. The factory automation market has been growing at a faster pace relative to process automation market since FY’2010. The market has showcased unprecedented growth due to increase in demand of industrial robotics and recent innovations in networks and control devices.
This has been chiefly determined by the savings and cost cutting in material costs, energy, manpower and infrastructure. With the advancement in modern technologies and the proliferation of businesses and manufacturing facilities, industrial automation sector has become an indispensable part in our daily lives especially. With the advancement in modern technologies and the proliferation of businesses and manufacturing facilities, industrial automation sector has become an indispensable part in our daily lives especially.
The industrial automation market was expanding very rapidly worldwide and it witnessed the strongest sustained growth in its history since its inception. The global industrial automation market grew at a CAGR of ~% during FY’2004FY’2007, but the market came to sudden halt in 2008-2009 due to financial crisis and the market showcased decline of more than ~% in that period.
System integrators earn the highest percentage of revenue margins of ~% from the automation devices manufacturers as the most of the demand of automation products accrues from system integrators to them. Original equipment manufacturers are small automation manufacturers which source spare parts or other basic automation equipments from major automation manufacturing companies such as ABB, Siemens, Rockwell Automation and others through system integrators and distributors.
Industrial automation manufactures have tied up with several system integrators who source equipments from different companies and install those at the customer’s end. It has been estimated that, there are approximately ~ system integrators in the country and almost ~% of those system integrators work with the top five industrial automation companies in India which includes Siemens, Schneider Electric, ABB ltd and Rockwell Automation. India industrial automation market can be broadly classified into two major categories, namely factory automation market and process automation market
Process automation consists of refining raw materials of several types into a finished product. Its operations are primarily focused on the flow and combination of raw materials into another product. Process automation normally contains automation of outdoor plants of industries such as petroleum products, chemicals, pharmaceuticals and more. The share of process automation market was determined to be ~% in the overall industrial automation market in FY’2015, with market contribution of INR ~ billion. The share of factory automation market was found out to be ~% in FY’2015
The factory automation market in India has been the fastest emerging segment in the industrial automation market in India. Manufacturers in India have started to adopt factory automation practices to cater to the skyrocketing costs of production. Manufacturing practices has been majorly a manual procedure in most of the factories in India. The demand for factory automation was primarily driven by increase in demand of finished and quality products coupled with increase in competition with the advent of more players and manufacturers in the market.
Manufacturers have been increasingly shifting to factory automation practices which consist of automated guided vehicles, industrial robots, automated crane & conveyor systems since it decreases the material handling time and increases the production volume over time. Factory automation helps to connect the “top floor to the shop floor� i.e. actual detailed business requirements and necessities can be monitored by the top level management in no time and all the data and information can be share with the management of the company.
Factory automation provides the shop floor connectivity with the logistics, assets & supply chain tracking, operations workflow automation, shared communications, personnel and production tracking and other plant data. Factory automation has been a huge success in the Indian market due to extensive adoption of new and improved technologies. The Factory automation market in India has grown at a CAGR of ~% from INR 20.5 billion in FY’2010 to INR ~billion in FY’2015.
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Source: https://www.kenresearch.com/manufacturing-andconstruction/industrial-engineering/india-industrial-automationmarket-research-report/4480-97.html
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