Future of Global Industrial Robotics Market Lies in Semiconductor Industry

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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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.

Browse the full Industrial Controls and Robotics Market report at http://www.transparencymarketresearch.com/industrial-robotics-market.html

Low Cost Labor across Developing Economies to Hamper Growth of Global Industrial Controls and Robotics Market

The growing demand for minimum turnaround time across the manufacturing sector has aided the extensive usage of industrial controls and robotics. The implementation of industrial controls and robotics solutions enhances productivity and decreases variable costs. Hence, these solutions are being highly preferred by manufacturers across various sectors. Furthermore, keeping in view the introduction of minimum wage policies, manufacturers prefer using industrial controls and robotics solutions to enhance the performance of hazardous tasks while involving lesser manpower.

However, the high initial investment regarding the set up of industrial controls and robotics plays spoilsport in the growth of the market. The availability of low cost labor across developing countries has also restricted the expansion of the global industrial controls and robotics market. The market holds a significant growth opportunity with the rising demand for customized products. “The empowerment of small and medium enterprises in emerging economies will offer ample opportunities for the market’s growth,” TMR report states.

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.

The information presented in this review is based on a Transparency Market Research report, titled “Industrial Controls and Robotics Market - Global Industry Size, Market Share, Trends, Analysis and Forecast 2013 - 2019.”

Global industrial controls and robotics market has been segmented as:

Industrial controls and robotics market analysis, by type

Industrial Control systems
SCADA
PLC
DCS
Field Devices
Sensors
Relay & Switches
Robotics
Motion Control & Drives Systems
Machine Vision systems
Others
Manufacturing Execution Systems
Discrete
Process

Industrial controls and robotics market analysis, by application

Power
Textiles
Automotives
Chemicals
Printing and Packaging
Plastics
Oil & Gas
Pharmaceuticals
Food Processing
Semiconductors
OEMs
Others

Industrial controls and robotics market analysis, by technology

Motion Control and Drives Systems
Robotics Systems
Integrated Manufacturing Systems
Machine Vision Systems
Manufacturing Execution Systems
Programmable Logic Control System
Others

Industrial controls and robotics market by Geography

Americas
Europe
Asia-Pacific
Rest of the World

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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This release was published on openPR.