Industrial controls and robotics include various machines and automation equipment, which are used to monitor, control and perform certain tasks within industries. Industrial controls and robotics are capable of uninterrupted execution of monotonous tasks, making it reliable.. It has the ability to work at sites that are inaccessible to humans due to hazardous environment, stringent space or remote locations. This demonstrates its skills of working in non-conducive environment. The aim of this report is to provide an insight into the global industrial controls and robotics markets, to analyze current and projected trends and to carry out an in depth analysis of the market potential. The report analyzes opportunities in developed and emerging economies so that companies can make strategic decisions and gain competitive edge. While carrying out mass production, the growing emphasis on better product quality accompanied by consumer’s expectations of high reliability is expected to trigger the demand for industrial automation and control systems. Therefore, the industrial control and robotic market is expected to grow at a promising CAGR from 2013 to 2020.
The driving forces for industrial controls and robotics market are its varied use in multiple industries such as iron and steel, power, automobile, pharmaceutical and others. The ability of robots to perform dangerous tasks, their ability to exhibit higher degree of perfection in their work, and the need for consistent quality could be the factors responsible for the growth of the industrial control and robotics market. Whereas, the need for skilled labor to operate robots and control equipment, high investment, associated maintenance cost and availability of economical labor for performing assigned task in certain countries act as restraining factors for this market. The rise in demand for qualitative and reliable products acts as an opportunity for industrial controls and robotics industry.
Industrial controls and robotics market by type
On the basis of type, the market is segmented into industrial control systems, field devices and manufacturing execution systems. Industrial control system accounted for about half of the market share followed by field devices in 2012. The industrial controls system is further segmented into supervisory control and data acquisition (SCDA), distributed control system (DCS) and programmable logic controllers (PLC).
Industrial controls and robotics market by application
By application, the market is segmented into iron and steel, power, automobile, pharmaceutical, textile, chemicals, printing and packaging, oil and gas, food processing and others. Automobile industry holds the largest market share due to the growing demand for automobiles across the globe. Industrial controls and robotics market projects a promising growth due to its various applications in the manufacturing industry such as packaging, labeling, filling, painting, carrying out heavy duty work, etc.
Industrial controls and robotics market by geography
The market for industrial controls and robotics is segmented according to geography into North America, South America, Europe, Asia Pacific and LAMEA. Asia Pacific is expected to show strong growth marked by huge investments in the power industry as industrial controls and robotics find wide applications this sector. LAMEA is expected to show the fastest growth in the future due to the growing demand for industrial controls and robotics in oil and gas industries in this region.
Competitive Analysis
It is clear that low cost and high quality products are difficult to manufacture without automation and robots. Hence, major companies such as Siemens, Kuka Robotics, Shell, Schneider Electric, Emerson process management, Invensys and others are involved in manufacturing industrial controls and robotics.. Schneider Electric caters to 23 of the top 25 petroleum companies and 35 of the top 50 nuclear power pl
The driving forces for industrial controls and robotics market are its varied use in multiple industries such as iron and steel, power, automobile, pharmaceutical and others. The ability of robots to perform dangerous tasks, their ability to exhibit higher degree of perfection in their work, and the need for consistent quality could be the factors responsible for the growth of the industrial control and robotics market. Whereas, the need for skilled labor to operate robots and control equipment, high investment, associated maintenance cost and availability of economical labor for performing assigned task in certain countries act as restraining factors for this market. The rise in demand for qualitative and reliable products acts as an opportunity for industrial controls and robotics industry.
Industrial controls and robotics market by type
On the basis of type, the market is segmented into industrial control systems, field devices and manufacturing execution systems. Industrial control system accounted for about half of the market share followed by field devices in 2012. The industrial controls system is further segmented into supervisory control and data acquisition (SCDA), distributed control system (DCS) and programmable logic controllers (PLC).
Industrial controls and robotics market by application
By application, the market is segmented into iron and steel, power, automobile, pharmaceutical, textile, chemicals, printing and packaging, oil and gas, food processing and others. Automobile industry holds the largest market share due to the growing demand for automobiles across the globe. Industrial controls and robotics market projects a promising growth due to its various applications in the manufacturing industry such as packaging, labeling, filling, painting, carrying out heavy duty work, etc.
Industrial controls and robotics market by geography
The market for industrial controls and robotics is segmented according to geography into North America, South America, Europe, Asia Pacific and LAMEA. Asia Pacific is expected to show strong growth marked by huge investments in the power industry as industrial controls and robotics find wide applications this sector. LAMEA is expected to show the fastest growth in the future due to the growing demand for industrial controls and robotics in oil and gas industries in this region.
Competitive Analysis
It is clear that low cost and high quality products are difficult to manufacture without automation and robots. Hence, major companies such as Siemens, Kuka Robotics, Shell, Schneider Electric, Emerson process management, Invensys and others are involved in manufacturing industrial controls and robotics.. Schneider Electric caters to 23 of the top 25 petroleum companies and 35 of the top 50 nuclear power pl
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
