Industrial controls and robotics Market Overview:
Industrial controls and robotics are systems which consist of several automation &instrumentation equipment, which are very useful in monitoring, maintaining and controlling various industrial production activities. Industrial controls and robotics systems are classified according to equipment type, for instance industrial control systems, field systems and execution systems. Manufactures around the globe offer customized Industrial controls and robotics systems.
Industrial controls and robotics Market:Dynamics
Industrialization coupled with urbanization, is expected drive the market of end use sectors, such as power, oil & gas, food processing and others, in turn driving the market of Industrial controls and robotics notably over the forecast period. This rising demand is mainly attributed to inclination of consumers towards quality product coupled with focus of manufacturers towards high volume production without defects. However, high initial installation cost, requirement of frequent maintenance and skilled labors, could hinder the accelerating pace of the Industrial controls and robotics market.Industrial controls and robotics market is stipulated to demonstrate a CAGR of 5.6% over the projection period.
Industrial controls and robotics Market Segmentation:
On the basis of product type, Industrial controls and robotics market is segmented into:
- Industrial controls systems (DCS, PC & SCADA et cetera)
- Field Equipment (sensor, relay, machine vision system & other motion control systems)
On the basis of End Use, Industrial controls and robotics market is segmented into:
- Semiconductors
- Metal Mining
- Food processing
- Metal & Mining
- Oil & Gas
- Pharmaceutical
- Power
- Precision & optics
- Automotive
- Printing & Packaging
- Others
Industrial controls and robotics Market:Regional Outlook
Geographically, Industrial controls and robotics market is segmented into North America, Latin America, Europe, Middle East Africa, Asia Pacific excluding Japan and Japan.Asia Pacific is estimated to lead the market owing to technological advancements and shift of manufacturing facilities in developing countries such as China and India. North America is anticipated to witness sizable growth owing to increasing adoption of robotics in small-to-medium organizations.
Industrial controls and robotics Market:Key Players
Some of the prominent players in the Industrial controls and robotics market are:
- Kawasaki Robotics
- Siemens AG
- Schneider Electric
- Rockwell Automation Inc
- Omron Corporation
- Invensys Plc
- Mitsubishi Electric Corporation
