Schneider Aims to Boost India's Industrial Automation Share to 25%

As industries continue to embrace digital transformation, global players are recognizing the lucrative opportunities in regional markets. Schneider Electric, a leader in digital transformation of energy management and automation, has set its sights on expanding its industrial automation business in India. The company aims to significantly increase its market share in this domain, targeting a jump to 25%.

The Growth Strategy

Schneider's approach involves a focus on innovation and localization. By tailoring its extensive range of products and services to meet the specific requirements of the Indian market, Schneider is looking to gain a competitive edge. The push into the Indian industrial sector comes at a time when automation and smart technologies are becoming increasingly important, helping businesses improve efficiency and reduce operational costs.

Impact on the Market

The ambitious plans by Schneider are expected to stimulate the Indian industrial automation space, encouraging further investment and innovation. It's a signal of the growing emphasis on technological advancements in manufacturing and processing. Moreover, as the sector expands, related stocks, including tech conglomerates like Alphabet Inc. GOOG, could potentially experience indirect benefits. Alphabet, the parent company of Google, is deeply rooted in technological advancements and its involvement in industrial IoT and other smart technologies may align with the accelerating automation in markets like India.

Schneider, India, Automation, GOOG