DUBLIN, February 24, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/txwmcc/industrial) has announced the addition of the "Industrial Controls and Robotics Market - Forecasts to 2019" report to their offering.
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Industrial controls and robotics systems include various instrumentation and automation equipment. These tools serve to monitor and control the various processes within industries. Demand for industrial automation and control systems is expected to grow owing to increased demand for high product quality, paired with expectations of high reliability in large volume production.
The global industrial controls and robotics market was valued at USD 102.02 billion in 2012 and is expected to reach USD 147.7 billion in 2019, at a CAGR of 5.6% from 2013 to 2019. To increase productivity, industries are switching towards automation and are deploying various industrial control and robotics tools.
This market is driven by its increased usage in discrete and process industries such as automotive, power, pharmaceutical, and semiconductors industries. Need for improved efficiency and precision, ability of robots to perform risky and hazardous operations, and consistent quality output are factors encouraging deployment of robots in industries. While high initial investment and need of skilled labor to operate robots as well as the availability of low cost labor in countries like India, Indonesia, and China are some of the factors inhibiting the growth of this market.
In terms of end user industries, automotive industry was the largest and accounted for 16.12% share in 2012. The semiconductor industry is expected to show strong growth followed by pharmaceutical industry during the forecast period. Automation in semiconductor industry is driven by demand for high volume, low cost, and customized manufacturing that helps to achieve business and technological goals.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Industrial Controls and Robotics Market by Product Type, 2013 - 2019
5 Market Segmentation II: Industrial controls and robotics market by technology, 2013 - 2019
6 Industrial controls and robotics market systems by end user application, 2013 - 2019
7 Market Segmentation IV: Regional Market Analysis, 2013 - 2019
8 Competitive Landscape
9 Key Competitors Analysis
- ABB LTD
- Denso Wave Incorporated
- Emerson Electric Corporation
- FANUC Corporation
- General Electric Corporation
- Honeywell International Incorporation
- Invensys PLC
- KUKA AG
- Kawasaki Robotics
- Mitsubishi Electric Corporation
- Omron Corporation
- Rockwell Automation, Inc
- Schneider Electric SA
- Siemens AG
- Toshiba Machine Corporation Ltd
- Yaskawa Electric Corporation
- Yokogawa Electric Corporation
For more information visit http://www.researchandmarkets.com/research/txwmcc/industrial
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SOURCE Research and Markets