A recently released report by Transparency Market Research (TMR) forecasts that the global industrial controls and robotics market will develop at a CAGR of 5.6% between 2013 and 2019. TMR, a market intelligence firm in its report states that by 2019, the global industrial controls and robotics market will reach US$147.7 billion from US$102.02 billion in 2012. The report titled ‘Industrial Controls and Robotics Market – Global Industry Size, Market Share, Trends, Analysis and Forecast 2013 – 2019’ is available for sale on the company website.
According to this report, factors such as greater need for turnaround time and increased performance of hazardous tasks with no manual involvement drive the global market for industrial controls and robotics. Greater productivity, coupled with reduced variable costs, is another key factor that drives the demand for industrial controls and robotics. Different types of instrumentation and automation equipment form integral parts of the industrial controls and robotics system.
The primary aim of industrial controls and robotics is to control and monitor the complex processes in industries. With surging demand for high quality products and greater preference for high reliability in large scale production processes is expected to boost the global industrial controls and robotics market during the forecast period. This market research report segments the global industrial controls and robotics market on the basis of product type, technology, application, and geography.
On the basis of type of product, this market is categorized into manufacturing execution systems, field devices, and industrial control systems. Based on technology, the global industrial controls and robotics market is segmented into programmable logic control systems, manufacturing execution systems (MES), machine vision systems, integrated manufacturing systems, robotics systems, motion control and drive systems, and others, which include wireless communications, power supply and backup, and actuators.
The various areas of application of industrial controls and robotics technology are industries such as power, textile, automotive, chemicals, printing and packaging, plastics, oil and gas, pharmaceuticals, food processing, semiconductors, original equipment manufacturers (OEMs), and others, which include metal, precision and optics, and petrochemical. The segment for semiconductors is anticipated to expand robustly in the forthcoming years owing to surging demand for low cost, customized, and high volume manufacturing that are vital in achieving technological and business goals.
From the regional perspective, this research report segments the global industrial controls and robotics market into Asia Pacific, the Americas, Europe, and Rest of the World. In 2012, America held the highest share in the overall industrial controls and robotics market followed by the Asia Pacific region.
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Rapid adoption of newer technologies and the high demand for re-engineering and mass production in the industrial segment are the main factors that propel the North America market for industrial controls and robotics. The need for skilled workforce and high initial investment are the key restraints hampering growth of the global industrial controls and robotics market.
The report identifies the following companies in the global industrial controls and robotics market: Kawasaki Robotics, Schneider Electric SA, Omron Corporation, Siemens AG, Rockwell Automation Inc., Mitsubishi Electric Corporation, and Invensys plc amongst others.
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