India Industrial Process Automation Market by Component (Manufacturing Execution System (MES), Distributed Control System (DCS), Programmable Logic Control (PLC), Supervisory Control & Data Acquisition (SCADA), Field Instruments, Industrial Robots, and Process Analyzers and Drives), and by End-User (Oil & Gas, Chemical & Refining, Energy & Power, Pulp & Paper, Metals & Mining, Pharmaceutical, Cement & Glass, and Others) – Opportunity Analysis and Industry Forecast, 2024–2030
Industry: Semiconductor & Electronics | Publish Date: 18-Oct-2024 | No of Pages: 123 | No. of Tables: 90 | No. of Figures: 54 | Format: PDF | Report Code : SE998
India Industrial Process Automation Market Overview
India Industrial Process Automation Market size was valued at USD 2.07 billion in 2023, and is predicted to reach USD 4.07 billion by 2030, at a CAGR of 9.5% from 2024 to 2030.
The industrial process automation market encompasses the industry that delivers technologies and systems aimed at monitoring, controlling, and optimizing industrial operations. It integrates advanced computer technologies, hardware, and software to automate essential processes such as inventory management, manufacturing, production, and quality control.
Key technologies driving this market include sensors, programmable logic controllers (PLCs), human-machine interfaces (HMIs), and supervisory control and data acquisition (SCADA) systems. This market caters to industries such as oil and gas, chemical processing, food and beverage, and pharmaceuticals, where automation plays a critical role in enhancing efficiency, product quality, and workplace safety.
By reducing costs and minimizing human errors, industrial process automation allows companies to streamline production, resulting in higher output with greater accuracy. As businesses increasingly seek to boost productivity and stay competitive in a rapidly automating global manufacturing landscape, the demand for industrial process automation solutions continues to rise.
The Rapid Growth of Automation in India's Food & Beverage Industry Boosts the Market Growth
India's rapidly expanding food and beverage industry is increasingly adopting industrial process automation market systems to enhance production efficiency, reduce downtime, and ensure consistent product quality. Technologies such as PLC, MES, and HMI are widely used to streamline operations, allowing businesses to increase productivity and meet growing consumer demand. This shift towards automation is helping the industry optimize processes while maintaining high standards in production.
Industry Leaders Drive Growth in Industrial Process Automation
Leading market players are taking strong initiatives to revolutionize automation processes by incorporating Industry 4.0 technologies, further boosting the India industrial process automation market expansion. For instance, in December 2022, Honeywell announced that Regreen Excel EPC India implemented its PlantCruise by Experion DCS solution, along with modular systems and field instruments, across 40 plant projects in India.
The PlantCruise system, a DCS solution, enables real-time monitoring, control, and optimization of plant operations. Additionally, the modular systems and field instruments help measure and control key process variables such as temperature, pressure, flow rate, and level. These advanced solutions improve operational efficiency, enhance process reliability, lower maintenance costs, and increase overall safety at the plants.
Lack of Standardization Hinders the Growth of Industrial Process Automation Market
The lack of standardization is a major challenge that can limit the growth of the industrial process automation market. Without common standards, vendors may develop proprietary systems that are hard to replace or upgrade. This can result in vendor lock-in, where companies become dependent on a specific vendor’s technology, restricting their ability to switch to other vendors.
Vendor lock-in often leads to increased costs, reduced flexibility, and less innovation, that negatively affects the India industrial process automation market growth. Companies might hesitate to invest in automation systems if they are worried about being tied to one vendor’s technology, further slowing market expansion.
Industry 4.0 Technologies Paving the Way for Future Automation Opportunities
The progress in industry 4.0 technologies, including the internet of things (IoT), cloud computing, and artificial intelligence (AI), is generating considerable opportunities for the industrial process automation market.
These advancements enable companies to gather and analyze vast amounts of data in real time, offering critical insights into their operations and identifying areas for improvement. As technology continues to advance, industry participants are partnering with tech-focused firms to create new solutions based on established technologies.
Competitive Landscape
Several key market players operating in India industrial process automation industry include Siemens AG, Honeywell International, Schneider Electric, Mitsubishi Electric, Rockwell Automation, Emerson Electric Co., ABB Ltd., Omron Corp., Fanuc Corp., Toshiba Corp., and others.
India Industrial Process Automation Market Key Segments
By Component
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Manufacturing Execution Systems
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Hardware
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Software
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Services
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Distributed Control Systems
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Hardware
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Software
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Services
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Programmable Logic Control
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Hardware
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Software
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Services
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Supervisory Control and Data Acquisition (SCADA)
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Hardware
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Software
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Services
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Field Instruments
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Industrial Robots
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Process Analyzers & Drives
By End-User
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Oil & Gas
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Chemical & Refining
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Energy & Power
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Pulp & Paper
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Metals & Mining
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Pharmaceutical
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Cement & Glass
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Others
Key Players
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Siemens AG
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Honeywell International
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Schneider Electric
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Mitsubishi Electric
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Rockwell Automation
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Emerson Electric Co.
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ABB Ltd.
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Omron Corp.
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Fanuc Corp.
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Toshiba Corp.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 2.07 Billion |
|
Revenue Forecast in 2030 |
USD 4.07 Billion |
|
Growth Rate |
CAGR of 9.5% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
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