Factory automation is becoming an |
According to TechSci Research report |
important part of the Indian industrial |
“ India Factory Automation Market |
sector on account of the rising efforts to |
Forecast & Opportunities, 2020”, factory |
make manufacturing processes more |
automation market in India is projected |
efficient and reduce defect rates. |
to witness a CAGR of around 12 % |
Factory automation is proving to be a |
during 2015-2020. Growing use of |
huge success in the Indian market due |
robots on factory floors for increasing |
to extensive use of new and improved |
efficiency, reliability and accuracy of the |
technologies for producing better |
production processes, is driving the |
products. Automation systems with |
country’ s factory automation market. |
advanced features are being deployed |
Moreover, increasing domestic |
in major sectors such as automotive, |
manufacturing on account of |
chemicals, manufacturing, and mining, |
government initiatives like Make in |
etc., to perform a number of complex |
India, is expected to stimulate growth in |
tasks and consistently provide |
automation solutions market in India |
customers with superior quality |
through 2020. Western and Northern |
products. The installation of advanced |
regions are the major markets for |
communication networks is also |
factory automation in India due to |
facilitating in optimizing workflow in |
continuing industrial growth, and |
production facilities. Further, growing |
presence of Special Economic Zones |
adoption of energy saving control |
and various automotive hubs in these |
equipment such as energy efficient |
regions. Leading players operating in |
motor systems, is also anticipated to |
India factory automation market include |
propel the adoption of factory |
Siemens, ABB, Schneider, Honeywell, |
automation in India in the coming years. |
and Mitsubishi, among others. |
Segmental Analysis-Factory |
automotive, chemicals, and other |
Automation Robotics, Factory |
manufacturing units, along with various |
Automation Devices / Equipment, and |
government initiatives aimed at |
Factory Automation Industrial Network. |
increasing domestic manufacturing. |
India Factory Automation Market to |
Factory automation market in India has |
Grow at around 12 % by 2020. |
been growing at a considerable pace |
Government initiatives aimed at |
over the last few years, owing to the |
increasing domestic manufacturing, |
growing need for a reliable and cost |
along with the need to increase process |
effective method of production, which |
efficiency to drive factory automation |
results in minimization of waste. In |
market in India. According to recently |
addition to making the process more |
released TechSci Research report, |
controlled and streamlined, automation |
“ India Factory Automation Market |
solutions also provide better |
Forecast and Opportunities, 2020”, |
productivity compared to manual labor. |
factory automation market in India is |
On account of these benefits, the |
projected to register growth at a CAGR |
deployment of factory automation |
of around 12 % during 2015 – 2020. |
solutions in various factories is |
Growth in the market is anticipated on |
projected to increase during the |
account of growing deployment of |
forecast period. |
various factory automation systems in |
“ Factory automation market in India is |