Press release
Global Vacuum Generator Market for Industrial Robots to Gain Immensely from Rising Adoption of Process Automation in Industrial Sector
A detailed market research report recently added to the vast research report portfolio of MarketResearchReports.biz presents a thorough analysis of the global market for vacuum generators for industrial robots. The report, titled “Global Vacuum Generator Market for Industrial Robots 2017-2021,” states that the market will exhibit a promising 8% CAGR over the period between 2017 and 2021, chiefly owing to the rising use of robots in a number of industrial applications.
The growing usage of robots in the machine tools sector, manufacturing units, and the rising consumer preference to high quality products are also making the vacuum generator for industrial robots market highly promising. Increased investment in the industrial sector for adopting process automation is also one of the key factors driving the market for vacuum generator for industrial robots.
The increasing global uptake of commercial aircrafts in the past few years has compelled manufacturers to invest in capacity expansions, subsequently driving the need for incorporating automation solutions in manufacturing facilities. Thus the rising global demand for commercial aircrafts is also expected to drive the market for vacuum generator for industrial robots in the next few years.
The key end-users of vacuum generators for industrial robots are sectors such as machine shops, automobile industry, medical devices, and aerospace and defense. Of these, the automotive industry accounted for the dominant share in the global market in 2016 and is expected to continue to dominate the market for the next few years as well. One of the key factors attributable to the high demand for vacuum generators for industrial robots in the automotive sector is the significant use of robots for assembling and manufacturing automotive components.
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From a geographical perspective, the market for vacuum generator market for industrial robots in Asia Pacific accounted for the dominant share in 2016 and is expected to retain dominance throughout the report’s forecast period as well. The region features a thriving manufacturing sector and comprises low-cost manufacturing facilities. These manufacturing facilities use industrial robots and automation technologies for achieving economies of scale.
The report states that the global vacuum generators for industrial robots market features a moderately fragmented and a highly competitive vendor landscape owing to the presence of a large number of international as well as domestic players. Moreover, a large number of local and regional players are focusing on the production of energy-efficient and cost-effective products, which is further expected to intensify the level of competition in the market.
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Some of the notable players operating in the global vacuum generators for industrial robots market are Parker Hannifin, SMC, Festo, EXAIR, DESTACO, Schmalz, Gardner Denver Thomas, A.M.C. Vacuum Solutions, Air-Vac Engineering, Gast Manufacturing, HITOP Automation Machinery, Vacuforce, Unijet Pneumatics, Mazda, Provoast Automation Controls, COVAL, Piab, Tuthill, YUEQING BETRE AUTOMATION, and VACGEN.
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