The market is dominated by domestic suppliers, as imports account for 8.4% of total market size in 2022. B2B drives market demand, with B2B spending representing 97.8% of total demand in 2022. India has the third largest market size for industrial process control equipment regionally, with demand reaching USD5.5 billion in 2022. Yokogawa India Ltd is the largest company in India, generating 5.0% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 15.3% of total production value in 2022. The total number of companies increases in 2022, to 127,012 units. The costs of the industry increase by 4.3% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 6.5% of production value in 2022, the 16th highest regionally. With production value of USD4.1 billion, India accounts for 4.7% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Industrial Process Control Equipment in India: ISIC 3313. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial Process Control Equipment in India: ISIC 3313 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of electricity generation, distribution and storage equipment, computers, office machinery and communications equipment, and medical and precision equipment.
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