~Company on growth path after acquisition of Invensys Plc in 2014
~Urbanization, Industrialization & Digitization driving market demand
~ ‘Make in India’ & Smart City Mission trigger demand for process automation solutions in Power, Oil & Gas, Water and Mining
~Expects to launch one offering every day this year to meet demand and strategic goals
New Delhi, October 20th, 2016: Schneider Electric, the global automation specialist and a leader in energy efficiency, is set to increase its industrial automation footprint in India. Catering to increased demand across various sectors, the company expects to launch as many as 365 products and solutions this year, many of them focusing on increasing the value they provide to their process automation customers. Schneider Electric emerged as a major player in the global process automation market in 2014 following its acquisition of Invensys Plc. It is now eyeing an even bigger market presence in India.
Increasing its portfolio of products, solutions and services here will further enable it to address growing regional and country-wide demand in four key sectors – Power, Oil and Gas, Water and Waste Water (WWW) and Mining, Metals and Minerals (MMM).
Mr Rajat Kishore, MD and VP, Process Automation, Schneider Electric Systems India Pvt Ltd said, “Acquiring Invensys and its portfolio of process automation, control and safety systems, as well as a fleet of measurement and instrumentation offerings, significantly strengthened our position in the industrial automation market. Today we offer a full portfolio of connected process automation products, control and safety platforms and a suite of software, analytics and apps that enable safer, more reliable, more efficient operations. We have smart products used for measuring, activating, and device-level monitoring and control; machine and process automation systems, services and solutions that provide monitoring, control and safety management; software applications that deliver more functionality to meet the needs of the specific operation, plant or enterprise; a suite of enterprise level services and applications that help customers realize true business value; and cloud offerings and industry-leading cybersecurity across the stack. No other company can bring that to bear for their customers.”
Schneider Electric expects to grow its position in the Indian Automation market in the wake of strong demand due to various Government initiatives such as ‘Make in India’ and Smart City Mission which have Automation at their very core. Also, the company feels that Automation would be the key for India to become a global manufacturing hub as it would need innovation as well as consistency in quality and efficiency while keeping price competitive to compete globally.
Schneider Innovation at Every Level harnesses the power and promise of its Internet of Things-powered Ecostruxure architecture to reshape cities, transform industries and enrich lives through connected products, edge control, apps, analytics and services.
Mr. Kishore said, “Automation will be a high growth area in India. Despite the fact that Manufacturing contributes about 17% to India's GDP, there is still significant untapped potential when compared to global benchmarks. The manufacturing industry is undergoing tremendous change due to Urbanization, Industrialization and Digitization megatrends.. To add to this, even as energy demands are set to double in the next 40 years, CO2 emissions will have to be reduced by half to avoid irreversible damage to our planet. So we have to become three times more efficient. Automation will drive this efficiency improvement”.
Mr Kishore further noted that as the world becomes more connected, more distributed and more efficient, with the number of connected devices expected to double in the next five years, it will spur demand for innovative technologies under the umbrella of Automation. “As a global, innovative, technology company, we are in a strong position to provide the integrated Industrial Automation, Software and energy management that will drive this change”, Mr Kishore said.
Schneider Electric: Driving the Future of Automation
· Integration of Operational Technology (OT) and Information Technology (IT) using Industrial Internet of Things (IIoT) at the heart of Automation solutions offered by Schneider
· Company offering enterprise-level solutions to enable companies to synchronize production and industrial operations with business objectives, obtaining the speed and flexibility to attain sustainable profitability
· Focus on new age solutions, fully compliant on safety, security, cyber security, regulatory requirements.
· Company offering cyber security-ready products and solutions
· Company to increase connected smart devices with IoT-enabled equipment
· Schneider focussing on bringing solutions i.e. customised requirement to cater to various sectors
· Schneider Electric EcoStruxure® - Future ready comprehensive architectures :
o Fulfilling customer’s current and future aspirations on process operation objectives as well as technology enablement
o Changing the Future of Automation - from Connected Devices to Edge Control Layer integration to Digital Enterprise services
About Schneider Electric
Schneider Electric is the global specialist in energy management and automation. With revenues of ~$30 billion in FY2015, our 160,000+ employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies reshape industries, transform cities and enrich lives. At Schneider Electric, we call this Life Is On.