How big is the India Human Machine Interface (HMI) market?
According to MarkNtel Advisors study, The India Human Machine Interface (HMI) Market size is projected to grow at a CAGR of around 8.50% during the forecast period, i.e., 2024-30.
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India Human Machine Interface (HMI) Market Driver:
Increasing Industrial Automation Drives Market Growth – The growing automation industry in developing nations drives the market size. Technological innovations such as fuel-efficient cars, electric cars, increasing competition in the market, and the automobile are some of the prime factors expected to drive the India Human Machine Interface (HMI) Market. Constant upgradation of software and control systems to operate & monitor further highlights the need for the HMI.
Moreover, HMI is a crucial part of the automation industry that improves industrial controls. Industrial factories and control automation devices are implementing to reduce human interaction in product development and services. Thus, a reduction in labor and manufacturing costs is helping to increase HMI production.
Leading Companies in the India Human Machine Interface (HMI) market:
- Schneider Electric India
- General Electricals Automation India
- Rockwell Automation
- Siemens
- Honeywell Automation India Ltd.
- ABB India Ltd.
- Voltas Ltd.
- L&T Electrical Automation
- Titan Engineering & Automation Ltd. (TEAL)
- Others
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India Human Machine Interface (HMI) Market Segmentation:
By Offering
- Hardware
- Basic HMI
- Advanced Panel-Based HMI
- Advanced PC-Based HMI
- Others
- Software
- On-Premise
- Cloud-Based
- Services
By Configuration
- Embedded HMI
- Stand-Alone HMI
By Technology
- Motion HMI
- Bionic HMI
- Tactical HMI
- Acoustic HMI
By End-User
- Process Industry
- Oil & Gas
- Food & Beverages
- Pharmaceuticals
- Chemical
- Energy & Power
- Metal & Mining
- Water & Wastewater
- Others
- Discrete Industry
- Automotive
- Aerospace & Defense
- Packaging
- Medical Devices
- Semi-Conductors & Electronics
- Others
- Others
Here, the Discrete Industry is anticipated to hold a significant market share in the coming years, with the Automotive sector holding a prominent share.
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