Industrial Robotics Market: Electrical and Electronics Segment Will Account For A High Growth by 2024
The high growth of the industrial sector is largely facilitated by government initiatives promoting the use of locally manufactured goods and equipment. For instance, the Make in India strategy was initiated to increase the manufacturing share in India's GDP to 25% by 2022 while simultaneously promoting the adoption of regionally manufactured products such as food & beverages and electronics as opposed to foreign brands amongst the general population.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1729
Under this strategy, the government is providing subsidies, financial support, and expertise to regional players such as the capital subsidy of up to 25% for 10 years to boost the manufacturing of electronics. Furthermore, the application of the industrial robotics market technology allows for miniaturization, increased throughput, and reduced lead times and human errors for manufacturers.
The high adoption of automation technology is projected to aid in the growth of the industrial robotics market. The usage of these technologies can aid in the reduction of the development time and the exorbitant variable costs such as labor and electricity prices. In regions including Western Europe and North America, the labor costs are very high, over USD 38 hourly wage in Germany.
The end-use segmentation of the industrial robotics market indicates that the electrical and electronics segment will account for a high growth. The increase in the disposable income and the economic prosperity stemming from the industrial boom across various regions, primarily in South-East Asia, are contributing to the high proliferation of these devices.
Competitive advantage and reduced per-hour cost as compared to human results will augment the North America industrial robotics market growth. Major players are developing affordable, and compact energy-efficient solutions to access a wider customer base. The rise of outsourced manufacturing activities and the increase in SMEs in the Asia Pacific region are contributing to the high industry demand of the in the region.
Industrial robotics market players comprise Fanuc Corporation, OTC Daihen, Inc., Epson America, Inc., ABB Group Ltd., KUKA AG, Nachi Fujikoshi Corp., and Kawasaki Heavy Industries. The industrial robotics market is subject to rapid technological changes owing to which players are required to invest heavily in R&D activities and launch products to sustain the growth. For instance, in November 2017, ABB announced the launch of its single arm co-bot with an aim to enhance its collaborative robot product portfolio. The robot is expected to be available for commercial usage by 2018.
Browse key industry insights spread across 262 pages with 337 market data tables & 38 figures & charts from the report “Industrial Robotics Market Size By Product (Articulated, SCARA, Gantry, Cartesian, Parallel, Cylindrical, Collaborative), By End-Use (Automotive, Metals & Machinery, Rubber & Plastics, Food & Beverage, Electrical & Electronics) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, Japan, South Korea, India, Taiwan, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Landscape & Forecast, 2018 – 2024”in detail along with the table of contents:
Table Of Content (TOC-)
Chapter 4 Industrial Robotics Market, By Product
4.1 Industrial robotics market share by product, 2016 & 2024
4.2.1 Market estimates and forecasts, by region, 2013 – 2024
4.3.1 Market estimates and forecasts, by region,2013 – 2024
4.4.1 Market estimates and forecasts, by region,2013 – 2024
4.5.1 Market estimates and forecasts, by region,2013 – 2024
4.6.1 Market estimates and forecasts, by region,2013 – 2024
4.7.1 Market estimates and forecasts, by region,2013 – 2024
4.8.1 Market estimates and forecasts, by region,2013 – 2024
Chapter 5 Industrial Robotics Market, By End-use
5.1 Industrial robotics market share by end-use, 2016 & 2024
5.2.1 Market estimates and forecasts, by region,2013 – 2024
5.3 Metals & machinery
5.3.1 Market estimates and forecasts, by region,2013 – 2024
5.4 Rubber & Plastics
5.4.1 Market estimates and forecasts, by region,2013 – 2024
5.5 Food & beverage
5.5.1 Market estimates and forecasts, by region, 2013 – 2024
5.6 Electrical & electronics
5.6.1 Market estimates and forecasts, by region,2013 – 2024
5.7.1 Market estimates and forecasts, by region, 2013 – 2024
Browse Full TOC Report @ https://www.gminsights.com/toc/detail/industrial-robotics-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Robotics Market: Electrical and Electronics Segment Will Account For A High Growth by 2024 here
News-ID: 1088378 • Views: 269
More Releases from Global Market Insights, Inc.
Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across
More Releases for Industrial
Industrial Logistics Robots Industry
Industrial Logistics Robots Market 2018 report focuses on the major drivers and restraints for the global key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The report spread across 139 pages with tables and figures in it. Sample Report Download HERE at https://www.researchreportsinc.com/sample-request?id=207718 For competitor segment, the report includes global key players of Industrial Logistics Robots as well as some small players.
Industrial Energy Storage System
The Global Industrial Energy Storage System Market Research Report 2017 renders deep perception of the key regional market status of the Industrial Energy Storage System Industry on a Global level that primarily aims the core regions which comprises of continents like Europe, North America, and Asia and the key countries such as United States, Germany, China and Japan. Request for sample of Industrial Energy Storage System Market research report @ https://www.qyresearchgroups.com/request-sample/497849 The
Industrial Lift Manufacturar - Technovision
Industrial Lift Manufacturar General: Technovision 'Industrial Lift' is widely used to move the material from one floor to another floor with great safety. It is a self-supported free standing structure. Product Range: Series 'Industrial Lift' is available with lifting capacity up to 2000kgs, carriage size 1500x1500mm and travel height 16.0Mtrs. Structure: Modular design with MS tubular structure with 'T' guide and vertical 'H' beams. Carriage is MS fabricated tubular structure with checkered platform. Carriage is
Global Industrial Vehicle Market
Global Industrial Vehicle Market: Key Trends and Drivers Battery operated vehicles are considered as the biggest drivers for the market today. They can be easily adopted in industries since they’re relatively more economical during operation with low maintenance cost, and work more efficiently. The global industrial vehicle market is characterized by innovative, automated and eco-friendly vehicle. Evolving requirements of material-handling vehicles globally trends the industrial vehicle market growth.
Global Industrial Laser Market
Industrial Laser Market: Overview In recent years the industrial laser market has been developing steadily. The industrial lasers are used in industry in a wide variety of applications. These applications can involve processing of materials and all other applications. The material processing includes cutting, welding, drilling, etc. these type of implementation generally requires high power lasers. The adoption of laser processing is increasing in industries as it can be easily automated
Industrial Valves Market
The report analyzes & forecast industrial valves market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue and revenue is given in USD million. This report is thereby produced to give a comprehensive overview of the ongoing trends in the market. This study includes a review of market dynamics with focus on key market drivers,