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I am Jess Bruce Assistant Manager in Transparency Market Research (TMR). TMR is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of... More
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Vaibhav Mondhe
  • Industrial Controls And Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2013 - 2019 0 comments
    Mar 20, 2014 8:49 AM

    According to a new market report published by Transparency Market Research "Industrial Controls and Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019" the global industrial controls and robotics market was worth USD 102.02 billion in 2012 and is expected to reach USD 147.7 billion in 2019, growing at a CAGR of 5.6% from 2013 to 2019. Americas i.e. (North America and South America) was the largest market for industrial controls and robotics in 2012 due to re-engineering in the old industrial segment along with the adoption of new technologies and increasing demand for mass production.

    Browse the full report with Complete TOC: http://www.transparencymarketresearch.com/industrial-robotics-market.html

    The market is driven by its growing use in application areas of discrete and process industries i.e. automotive, power, pharmaceutical, and semiconductors industries. Also, increased productivity of manufacturing companies, growing demand for customized products, and need for improved efficiency and precision are the factors encouraging deployment of these systems in the industries. High initial investment, availability of low cost labors in emerging countries such as India, China, Indonesia, and need for skilled labors to operate the robots are some of the factors inhibiting growth of industrial controls and robotics market.

    By product type, market has been segmented into - industrial control systems, field devices, and manufacturing execution systems (NYSEARCA:MES). Industrial control segment accounted for about half of the market share followed by field devices in 2012. Industrial control system is expected to maintain its leading position throughout the forecast period. Requirements for accurate precision and proper functioning of installed plants are the main factors flourishing growth of industrial control systems. Among all types of control systems, MES is expected to show fastest growth during the period of forecast. The demand for MES across end use industries is expected to grow owing to improved yield. Improvement in supply chain and inventory management also attracts most of the users to implement MES.

    By end user industry, market is segmented into power, textiles, automotives, chemicals, printing and packaging, plastics, oil and gas, pharmaceuticals, food processing, semiconductors, OEMs of aforementioned industries and others. Automotive industry held largest market share in 2012 and is expected to maintain its leading position throughout the forecast period owing to increasing demand for productivity. Pharmaceuticals industry is expected to show strong growth during the period of forecast as industrial automation help increase efficiency and reduce time of various operations such as compounding, washing, labeling, packaging and filling.

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