Industrial Robotics Upcoming Generation Can Work 24/7 With Little To No Aberration
Industrial robots are a multifaceted technological innovation that
has transformed the industrial landscape around the world. Industrial
robots are programmable machines that can perform a wide variety of
tasks in industrial surroundings. They are much more efficient and
effective than human labor: an industrial robot can work 24/7 with
little to no aberration, and can perform a variety of tasks with
equal competence.
Here is a lowdown on the major factors expected to influence the
global industrial robotics market:
Rising Labor Costs: When the Western World started to have
issues regarding high labor costs, they came upon an easy solution:
outsourcing to the East. The low-income population in several
Southeast Asian countries benefited from this. However, the rising
economic status of some of these countries, such as India and China,
is resulting in slowly growing problems of labor cost. This will lead
to companies turning to a solution that doesn’t require payment at
all: industrial robotics.
Rise in Innovation and Adoption of the Same: Technological
innovation is always necessary in any field to keep it ahead of the
game, and the field of industrial robotics is no exception. Rising
government support to research in industrial robotics has led to a
high volume of new robotics innovations being produced. The cost
efficiency and often-higher efficacy of new models has also convinced
manufacturers to employ advanced versions of industrial robotics
tools and keep upgrading them regularly. This will lead to robust
demand from the global industrial robotics market.
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Rising Automation in Food and Beverages Industry: Of all the
end-use sectors of the global industrial robotics market, the food
and beverage industry emerges as a leader in 2013, along with metals
and precision and optics. The processed food industry is on a roll
these days, due to the growing working female population in Asia
Pacific and elsewhere, and would bank heavily on industrial robotics
to fulfill the steadily rising demand.
Global Industrial Robotics Market
Due to the steady push for automation in several industries, the
industrial robotics market is rising at a strong pace, according to
leading market intelligence firm Transparency Market Research.
According to research recently presented by the company, the global
industrial robotics market, worth US$28.9 bn in 2013, is expected to
exhibit a CAGR of 6.20% from 2014 to 2020. At this steady growth
rate, the market is expected to be valued at close to US$44.5 bn by
2020.
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.
Browse the full Industrial Robotics Market Report at
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.
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.
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