Shift Toward Lean Manufacturing will Drive the Market Growth during the Forecast Period
The industrial automation and instrumentation market in India is expected to register a CAGR of over 10% during 2020-2024, as per the latest research report by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Industrial Automation and Instrumentation Market in India 2020-2024 (Graphic: Business Wire)
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Due to the extensive spread of the virus across the globe, the Industrials sector is anticipated to have Negative impact. However, the industrial automation and instrumentation market in India will showcase Neutral impact during 2020-2024.
Industrial Automation and Instrumentation Market in India 2020-2024: Segmentation
Industrial Automation and Instrumentation Market in India is segmented as below:
- Industrial Automation
- Industrial Instrumentation
- Process Industry
- Discrete Industry
The process industry segment includes industries such as oil and gas, chemical and petrochemical, textile and apparel, mining and metals, and others. The growing energy demand has encouraged companies in India to explore new conventional and non-conventional hydrocarbon resources. Such exploration has driven the need for automation and instrumentation solutions in the oil and gas, chemical and petrochemical, and power industries. Market growth in this segment will be slower than the growth of the market in the discrete industry segment.
The Industrials market is anticipated to have an indirect impact due to the spread of COVID-19, and the industrial automation and instrumentation market demand in India will show At par growth. View market snapshot before purchasing
Simplification of manufacturing through automation has been an instrumental factor in influencing the growth of industrial automation and instrumentation market in India. Other market drivers include simplification of manufacturing through automation and need for efficient use of resources and reduction of emissions. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, base case and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID 19 market estimates
- Quarterly impact analysis as the spread reaches a global level and updates on market estimates
Get more insights about the global trends impacting the future of industrial automation and instrumentation market in India, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR41572
Industrial Automation and Instrumentation Market in India 2020-2024: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. Major market participants include ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., General Electric, Honeywell International Inc., Robert Bosch GmbH, Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE, and Siemens AG.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Industrial automation - Market size and forecast 2019-2024
- Industrial instrumentation - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user placement
- Process industry - Market size and forecast 2019-2024
- Discrete industry - Market size and forecast 2019-2024
- Market opportunity by End-user
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- ABB Ltd.
- Eaton Corp. Plc
- Emerson Electric Co.
- General Electric
- Honeywell International Inc.
- Robert Bosch GmbH
- Rockwell Automation Inc.
- Schlumberger Ltd.
- Schneider Electric SE
- Siemens AG
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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