India Industrial Automation Market Share

Market Share of India Industrial Automation Industry

India's industrial automation market is competitive due to multiple players, such as BHEL, ABB Limited, Grey Orange Pte Ltd, and Kardex India Storage Solutions Pvt. Ltd, Mitsubishi Electric, and more. Players adopt product innovations, partnerships, mergers, and acquisitions to increase their market shares and recyclability, further driving the market.

• June 2023 - The Schaefer Systems International Pvt. Ltd launched a fully automated piece-picking system with numerous innovative features the SSI Piece Picking application. This versatile solution includes dedicated smart software and boasts advanced functions such as object recognition using artificial intelligence (AI), pick-and-place, patented gripping point determination, and extremely gentle product handling.
• June 2023 -Mitsubishi Electric announced that its wholly owned subsidiary ICONICS, Inc., has formally agreed to completely acquire ICONICS UK, Ltd., which sells supervisory control and data acquisition (SCADA)1 software and develops related cloud applications. Mitsubishi Electric and ICONICS plan to leverage ICONICS UK's technology and to establish a Circular Digital-Engineering business model for factory-automation solutions that optimize factory equipment and systems

India Industrial Automation Market Leaders

1. Daifuku India Private Limited

2. Space Magnum Equipment Private Limited

3. Godrej Koerber Supply Chain Limited

4. Kardex India Storage Solutions Private Limited (Kardex Holding Ag)

5. Armstrong Ltd

*Disclaimer: Major Players sorted in no particular order