Industrial Controls and Robotics Market Industry Share, Trends, Analysis and Forecast 2019; RoW to Emerge as Potential Industrial Controls and Robotics Market

Industrial control and robotics tools serve to monitor and control various processes within the industries. Demand for these systems is expected to show continuous growth attributed to increased requirements of high product quality, precision, and reliability in large volume production. It is challenging to achieve low cost and high quality products without automation, which was previously done manually. Use of industrial controls and robotics tools serve the purpose of users for the effective and efficient management of various processes. Industrial automation tools help the manufacturers to monitor mass production processes with minimal chances of errors. Automotive industry is the largest end user of industrial controls and robotics. However, Semiconductor industry is expected to emerge as the fastest end user segment owing to the requirement of high degree precision with rapid production in industry.

The global market for industrial controls and robotics is anticipated to develop at a CAGR of 5.6% during the period from 2013 to 2019. The market was worth US$102.02 bn in 2012 and is expected to touch a valuation of US$147.7 bn by the end of the forecast period.

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North America Remains a Key Region for Growth of Global Industrial Controls and Robotics Market

Presently, the Americas is the target region for the market players to maximize their profits. In 2012, the region accounted for the highest share in the market, followed by Asia Pacific and Europe. “The rapid adoption of new technologies and the growing demand for large-scale production and re-engineering in the industrial sector are the primary factors backing up the growth of the market across North America,” a TMR analyst cites.

Among the major end-user industries, the automotive industry contributes the highest towards the growth of the global industrial controls and robotics market. However, the market players are shifting their focus on the semiconductors industry as it is projected to register the fastest growth during the forecast period. “The requirement of high degree precision with rapid production in the semiconductor industry can be addressed by industrial controls and robotics solutions,” TMR report mentions.

The competitive landscape of the global industrial controls and robotics market consists of players such as Schneider Electric SA, Kawasaki Robotics, Omron Corporation, Rockwell Automation Inc., Siemens AG, Mitsubishi Electric Corporation, and Invensys plc. The key players have significant scope of growth across the emerging economies such as India and Brazil, says Transparency Market Research (TMR) in a new report.

Governments in these countries are taking various initiatives to strengthen the manufacturing sector by improvising productivity. These countries usually import machines, technology, and components from developed countries such as France, Japan, and Germany. As a result, the emerging economies pose as an open market for the key players to increase their viability on a large scale.

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This release was published on openPR.