Industrial Controls and Robotics Market is Expected to Reach USD 147.7 Billion Globally in 2019: Transparency Market Research
North America and South America was the largest market for industrial controls and robotics in 2012
ALBANY, New York, September 24, 2013
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 at 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 (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.
Geographically, Americas held largest share in industrial controls and robotics market in 2012 attributed to re-engineering in the old industrial segment with adoption of new technologies in North America and heavy exporting of goods from South America. RoW is expected to show fastest growth during the period of forecast because of the growing demand for industrial robots and control systems in oil and gas industries in this region. Asia Pacific is also expected to witness robust growth during the forecast period fueled by heavy investment in power industry in this region.
Related & Recently Published Reports by Transparency Market Research
*Enteric Disease Testing Market: http://www.transparencymarketresearch.com/enteric-disease-testing-market.html
*OSS/BSS Market: http://www.transparencymarketresearch.com/ossbss-market.html
*Glass Packaging Market: http://www.transparencymarketresearch.com/glass-packaging.html
Siemens AG and ABB Ltd. were leading providers of industrial control systems in 2012 and together held 26.2% of the entire Industrial control systems market. On the other hand Yaskawa and Fanuc Corporation were the major manufacturers of industrial robots and together held 44% share of the overall industrial robotics market. Other major players in the market include Yokogawa Corporation, KUKA Robotics, Emerson Electric Corporation, Rockwell Automation, Omron Corporation, Schneider Electric SA, and others. The industrial controls and robotics market has been segmented as follows:
Industrial controls and robotics market analysis, by type
*Industrial Control systems
*Relay & Switches
*Motion Control & Drives Systems
*Machine Vision systems
*Manufacturing Execution Systems
Industrial controls and robotics market analysis, by application
*Printing and Packaging
*Oil & Gas
Industrial controls and robotics market analysis, by technology
*Motion Control and Drives Systems
*Integrated Manufacturing Systems
*Machine Vision Systems
*Manufacturing Execution Systems
*Programmable Logic Control System
In addition the report provides a detailed analysis of the market with respect to the following geographical segments:
*Rest of Europe
*Rest of the World
Browse all Technology & Media Industry Research Reports @ http://www.transparencymarketresearch.com/technology-market-reports-8.html
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.