Home Press Releases Global Industrial Controls and Robotics Market to Reach Market Value Worth USD 147.7 Billion by 2019
Global Industrial Controls and Robotics Market to Reach Market Value Worth USD 147.7 Billion by 2019
Posted on Jun 11, 2014
Industrial Controls and Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019, a report by US based market intelligence firm Transparency Market Research provides invaluable insights on the global industrial controls and robotics market.
This market, which was worth USD 102.02 billion in 2012, is estimated to observe growth at the CAGR of 5.6% during the forecast period of the company, i.e., between 2013 to 2019 and rise to a market value worth USD 147.7 billion by 2019.
North America and South America combined to form the largest market for the industry in 2012 owing to the rise in adoption of new technologies, a rise in demand for mass production and re-engineering in old industrial segments.
Albany, New York
The report states that the global industrial controls and robotics market is observing significant growth in the current times. The growth of this market is driven by factors such as rise in the number of application areas of product manufacturing and processing industries such as power generation, automation, semiconductors and pharmaceutical companies.
Also, growing demand for precision and customization in consumer products and the constant need for quality improvement are some more factors that help in propelling the growth of this industry.
Product wise, the report divides the market into segments such as - manufacturing execution systems (MES), field devices and industrial control systems. Of these segments, the segment of industrial control acquired about half the total shares of the market in 2012. This was followed by the field devices segment.
The report also states that chances of the industrial control system maintaining its lead in the market even in the future are quite high. The segment of manufacturing execution systems could observe the fastest growth during the forecast period, adds the report.
Application wise, the report segments the market into automotives, textiles, power generation, printing, packaging, oil and gas, semiconductors and chemicals industries among some others. Of these, the segment of automotive industry currently leads the market and could also maintain the lead throughout the period of forecast. The pharmaceutical industry is, however, expected to observe the fastest growth in the coming times according to the report.
Geographically, the regions of North and South America lead the market. Their lead is attributed to factors such as rising adoption of new technologies, re-engineering in the old industrial segments and heavy export of goods from South America.
You can browse the Industrial Controls and Robotics Market report with the Complete TOC at http://www.transparencymarketresearch.com/industrial-robotics-market.html
The market segment RoW (rest of world) is expected to observe fastest growth during the forecast period owing to the rising demands for products and services in the oil and gas industries in this region. The regions of Asia Pacific, too, show significant growth opportunities for the global industrial controls and robotics market, adds the report. The reasons behind this could be heavy investments from market leaders in this region in the past few years.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR has experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Share This Article!
- Curved Televisions Market (By Screen Size - Large-sized Curved Televisions, Mid-sized Curved Televisions and Small-sized Curved Televisions) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
- The curved television market is expected to foresee continuous growth in coming years. This is mainly due to the enhanced features offered by curved televisions such as ultra high definition (UHD) resolution, 3D compatibility, high contrast and less reflection, auto depth enhancer and uniform viewing distance. Today, TV has become an important means of entertainment and education in every home, institutions and businesses. Consumer expectations are now...
- Outdoor LED Displays Market (Applications - LED Billboards, Perimeter LED Boards, LED Mobile Panels, LED Traffic Lights, LED Video Walls and Other LED Matrix Boards) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020Light emitting diodes (LED) displays are flat panel displays used for outdoor applications. Outdoor displays include billboards, store signs, advertising boards, stadium scoreboards, rental screens, video walls and traffic lights. Outdoor LED displays are being increasingly used in public transport vehicles, destination signs and as a part of transparent glass areas. Discrete LED and surface-mounted device LED...
- Supervisory Control and Data Acquisition (SCADA) systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020Real time data is the data or information which is delivered without any delay at the same moment as it is collected or generated. In order to gather, process and analyze this data; there exists a system called the Supervisory Control And Data Acquisition system, generally called as the SCADA. The basic aim of SCADA is to receive and acquire data and information from remote devices such as pumps, transmission devices, valves etc. and provide overall control...