India Human Machine Interface (HMI) Market Size, Share, Demand, Trends and Growth Analysis with the COVID-19 Impacts

According to MarkNtel Advisors, the India Human Machine Interface (HMI) Market is expecting around 8.50% CAGR during 2022-27. The market is driven primarily by constant technological & strategic advancements like HTML5, scalable vector graphics (SVGs), and JavaScript in HMI devices, attracting leading players to invest substantially in the Indian market. Besides, the mounting inclination of process & discrete industries toward adopting automated technologies to attain operational efficiency & lower unit costs is another crucial aspect expected to surge the demand for HMIs in the coming years.

For instance, the Oil & Natural gas Corporation (ONGC) has recently installed ABB's Supervisory Control & Data Acquisition (SCADA) system to manage, control, & monitor ONGC's production & drilling facilities, processing plants, forward base & assets, & oil basins and provide real-time data to corporate data centers, further states the research report, “India Human Machine Interface (HMI) Market Analysis, 2022.”

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Key Questions Answered in the Study
1. What are the current & future trends in the India Human Machine Interface (HMI) Market?
2. How has the industry been evolving in terms of geography & service adoption?
3. How has the competition been shaping across India, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the India Human Machine Interface (HMI) Market?
5. What are the customer orientation, purchase behavior, and expectations from Human Machine Interface (HMI) device manufacturers across India?

The leading players in the India Human Machine Interface (HMI) Market are Schneider Electric India, General Electricals Automation India, Rockwell Automation, Siemens, Honeywell Automation India Ltd., ABB India Ltd., Voltas Ltd., L&T Electrical Automation, and Titan Engineering & Automation Ltd. (TEAL).

According to the research report, the India Human Machine Interface (HMI) Market, based on Configuration, bifurcates into:

• Embedded HMI
• Stand-Alone HMI

Of both, Embedded HMIs are projected to dominate the market with the largest share during 2022-27. It owes to their capabilities to control the complex features of systems like touch screens & color visual displays. In addition, embedded HMIs provide lower net operating costs and are easier to maintain. Hence, their demand is increasing for HMI data handling & processing. Moreover, these HMIs combine powerful hardware & software platforms, ensuring that the device utilizes its full capabilities and provides easy access to the operator and communication between machines.

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On the other hand, based on offering, the demand for Software-based HMI devices is anticipated to attain the highest growth rate during 2022-27. It owes to the increasing inclination of manufacturers toward wireless & cloud-based technologies to provide users with ease of access and allow them to make more strategic & informed decisions.

Software-based HMI devices bifurcate into On-Premise & Cloud-Based. Of both, the Cloud-Based HMI software displays greater adoption since it is efficient, provides data security at lower prices, & is easy to use & access through any internet-enabled device. However, a few organizations use On-Premise HMI software since they are hesitant in using cloud-based software owing to the fear of loss of data control in online storage, reveals MarkNtel Advisors in their research report, “India Human Machine Interface (HMI) Market Analysis, 2022.”

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Market Segmentation:

1. By Offering (Hardware (Basic HMI, Advanced Panel Based HMI, Advanced PC-BASED HMI), Software (On-Premise, Cloud-Based), Services)

2. By Configuration (Embedded HMI, Stand-Alone HMI)

3. By Technology (Motion HMI, Bionic HMI, Tactical HMI, Acoustic HMI)

4. By End-User (Process Industry (Oil & Gas, Food & Beverages, Pharmaceuticals, Chemical, Energy & Power, Metal & Mining, Water & Wastewater), Discrete Industry (Automotive, Aerospace & Defense, Packaging, Medical Devices, Semi-Conductors & Electronics)

5. By Competitors (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))

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