Integrated Drive System Market Growth, Size, Opportunity, Share, Forecast 2020-2026
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For instance, the UK’s Manufacturing Technology Centre a major provider of robot technology has been working on combining laser metrology and a real-time control system in order to deliver real-time corrections to a robot’s path throughout the manufacturing process, mostly functional in complex manufacturing spaces. Additionally, Praxis Packaging Solutions, an American packaging solution provider, is using the US-based Rethink Robotics’ industrial robots. Focused on cost-effective repackaging and packaging of new products and rapid reconfiguration of the assembly procedure, Praxis deployed Baxter industrial robots. Moving forward, automation will be central to human-robot collaboration, enabling robots to manage more comprehensive tasks and make autonomous decisions based on real-time data in industrial applications.
According to the investigation of the International Federation of Robotics (IFR), various manufacturing robots deployed in factories accounted to be around 1.3 million globally in 2018. This will assist the employees to decline labor work and assist in reaching the developing stage in designing, programming, and maintenance of product manufacturing. The adoption of automation in industries along with the high demand for integrated drive systems is a major factor attributing to the growth of the integrated drive system across the globe. Furthermore rising adoption of industry 4.0 initiative is another factor promoting the growth of the global integrated drive system market.
ABB Ltd., Siemens AG, Schneider Electric SE, Mitsubishi Electric Corp., Rockwell Automation, Inc., Emerson Electric Co., Yaskawa Electric Corp., Integrated Drive Systems LLC, Bosch Rexroth USA and so on are the key providers of the integrated drive system. The integrated drive system market is a highly consolidated market. These players are actively adopting different organic and inorganic growth strategies such as new product launch, partnerships, collaboration, and mergers and acquisitions in order to sustain their market place in the market. The activities adopted by the major market players are further contributing to the growth of the integrated drive system market across the globe.
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Global Integrated Drive System Market Segmentation
By Product Type
• Oil & Gas
• Food & Beverages
Global Integrated Drive System Market – Segment by Region
• Rest of Europe
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
• ABB, Ltd.
• Bosch Rexroth Corp.
• Cummins Inc.
• Eaton Corp.
• Emerson Electric Co.
• Honeywell International Inc.
• Integrated Drive Systems LLC
• Mitsubishi Electric Corp.
• Rockwell Automation, Inc.
• Schneider Electric SE
• Siemens AG
• TQ Group
• Yaskawa Electric Corp.
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