Press release
Market Development : Robot Drives Market Globally Grow at a CAGR of 7.76% by Revenue During the Period 2018-2021
Industrial robots have emerged as game changers in the industrial automation sector during the recent years. End-users that were reluctant to adopt automation in their facilities have realized the long-term benefits associated with industrial robots; therefore, many end-users are undergoing a transition to implement robots across various applications.
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It has been predicted that the revenue of the industrial robotics market will grow at a CAGR of 7.66% during the forecast period. The rising scope of industrial robotic implementation across end-user applications has subsequently generated demand for servo-electric drives for controlling the movement of robots. With industrial robots being increasingly deployed for welding, painting, material handling, and assembling processes, the market for servo drives is expected to exhibit growth during the forecast period.
Technavios analysts forecast the global robot drives market to grow at a CAGR of 7.76% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global robot drives market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of robot drives.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
View Complete TOC with tables & Figures @ https://www.researchmoz.us/global-robot-drives-market-2017-2021-report.html/toc
Technavio's report, Global Robot Drives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Bosch Rexroth
Ingenia Motion Control
Robotics & Drives
YASKAWA Electric Corporation
Other prominent vendors
ABB
Bass-Antriebstechnik
Beijing Leader & Harvest Elecric Technologies
Danfoss
DENSO Robotics
Emerson Electric
Fanuc
Harmonic Drive
Hitachi Industrial Equipment Systems
Kollmorgen
Micro-Motor
ROBOTEC Engineering
Rockwell Automation
Schneider Electric
Seimens
Market driver
Rise in number of SMEs investing in automation
For a full, detailed list, view our report
Market challenge
Emergence of low-cost product manufacturers
For a full, detailed list, view our report
Market trend
Adoption of customized robots
For a full, detailed list, view our report
Browse Report @ https://www.researchmoz.us/global-robot-drives-market-2017-2021-report.html
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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