India Industrial Automation Market |India Process Automation Market

MenuMenu

Siemens Ltd is the Leading Factory Automation Company In India – Ken Research

REQUEST FOR SAMPLE REPORT

The origin of Industrial Automation dated back to the 18th century and has been transforming and revolutionizing the manufacturing sector since then. Prior to the 19th century, industrial automation was almost non-existent as mechanical production facilities were adopted and which used to run with the help of water or steam power. Before Industrial Revolution, there was no introduction of formal industries and infrastructure to support huge demand of goods primarily textiles. Industrialization carved the way to automation. 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.

Since FY’2014, the industrial automation industry in India experienced higher growth rate compared to previous years, primarily due to steps taken by Government of India such as auctioning of coal blocs, new projects in railways and power sector have helped to change in business sentiment and faster economic growth. The industry recorded revenues at a growth rate of 13.0% over the previous year in 2014. The growth rate was also led by increase in exports due to favorable macroeconomic conditions prevailing in the world especially the US and other developed and developing countries.

Growth in this sector will be driven by swiftly changing macroeconomic dynamics such as increase in FDI in India, automotive industry production, rise in disposable income, growing middle class and increase in demand of quality and cheap goods and services .The factory automation practices in India have been categorized on the basis of scale of the industries which includes small scales, medium scale and large scale industries. Large Scale industries have been identified as those industries which have investments in plants and machinery of more than INR 10 Crore. , medium scale industries have been defined as those industries which have investment in plants and machinery of more than INR 5 Crore.

Siemens Ltd is the leading factory automation company in India. Siemens has been known for innovative technologies. Siemens was the company which laid the first telecommunications cable in India from Kolkata to London in 1867. Rockwell Automation is an American multinational company which provides industrial automation & information solutions. Mitsubishi Electric Corporation is one of the core companies of Mitsubishi Group. It offers a vast range of automation & processing technologies which includes PLCs, servomotors, HMI, magnetic switches, energy saving support products, no-fuse circuit breakers, short circuit breakers, transformers, industrial robots, electrical discharge machines and several others.

The Indian economy has entered into a unique stage of development. Economic growth of the country has spurred the demand of process automation across different industries in the country. Process automation devices and equipments which have applications in several sectors including pharmaceutical, oil & gas, cement, coal, power and others have witnessed a dramatic growth in the manufacturing sector in India. The inception of different process automation devices has accelerated the expansion of manufacturing sector in India.

FOR FURTHER DETAIL FOLLOW THE BELOW MENTION LINK:

https://www.kenresearch.com/manufacturing-and-construction/industrial-engineering/india-industrial-automation-market-research-report/4480-97.html

 

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

 

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,

scroll to top