RSP taps into India's $13 billion robotics and automation market
Robot System Products (RSP), a subsidiary of ABB Ltd and a renowned global leader in industrial robot accessories, has announced plans to establish a branch in India, aiming to capitalize on the growth potential within India's robotics and industrial automation sector. With this expansion, RSP intends to tap into India's thriving industry and strengthen its foothold as a significant contributor to the realm of robotics and automation. India's industrial robots and automation market are projected to experience a remarkable growth rate of more than 14%, nearly doubling to $25 billion by 2025. This surge is attributed to the escalating adoption of Industry 4.0 technologies, notably in sectors such as automotive, packaging, metal, among others. Additionally, the demand for industrial robots is fueled by the scarcity of skilled labor and the evolving production landscape, necessitating enhanced efficiency and competitiveness.
"We've been closely monitoring India's advancements and feel it's an opportune moment for RSP's entry. With approximately 5500 robots incorporated into Indian manufacturing facilities in 2022, the growth of robotics in the country's industry is highly promising", mentioned Eddie Eriksson, President and CEO of Robot System Products AB. Scandinavian Robot Systems India Private Limited, the Indian entity, has been formally registered in Chennai, located in Tamil Nadu a pivotal automotive hub in southern India. It aims to supply a range of industrial robot accessories to Indian customers designed to enhance manufacturing flexibility and reliability across major robot brands utilized in production. Initially, these accessories will be imported from Sweden, but there are plans to manufacture at least two products in India by the following year.
"India's industry is gearing up to boost productivity, particularly in automotive electric vehicle initiatives, electronics, and various manufacturing applications. With India's ambitious aspirations to become a global manufacturing center and capitalize on the 'Make in India' policy, RSP stands well-positioned to offer reliable, high-quality, and adaptable manufacturing solutions, aiding the local industry in automation to reach their objectives", mentioned Arvind Vasu, Managing Director of RSP's Indian subsidiary. The annual installations of Industrial Robots in India notably increased in 2021 and 2022, positioning India as the 11th largest market for robots worldwide. However, India trails significantly behind China, a global manufacturing powerhouse boasting 187 robots per 10,000 employees, while India stands at merely 4 robots per 10,000 employees.