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.
Portland, OR -- (SBWIRE) -- 08/11/2017 -- 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. 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.
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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 bility 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.
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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.
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 plants. Schneider Electric has joined hands with The Carlyle group in order to enhance its technology and product offerings.
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High Level Analysis
The analysis gives an overview of the global industrial controls and robotics market and its key concerns. The global market analysis using Porter's Five Force model and SWOT enables a better understanding of various opportunities, threats and substitutes. A detailed analysis of market data and trends for geographic segments has been provided. The need for skilled labor and high investment are some of the threats faced by this industry.
The bargaining power of suppliers is high as the associated switching cost is high for the consumers. Threat of new entrants in this market is low due to the high capital investments involved and the need for highly skilled labor to operate in this industry. Rapidly advancing technology raises the threat of substitutions as new innovation may lead to replacement of the existing methods and techniques. The intensity of rivalry within the industry is high due to the presence of abundant suppliers in the market along with high exit barriers.
- This report gives insights into the industrial controls and robotics market types and applications
- Detailed analysis of drivers and constraints of the industrial controls and robotics market have been discussed
- Porter's Five Force model and SWOT analysis would help stakeholders in making strategic decisions by providing them insights about current market conditions and important factors
- Analysis of key market players and their strategies have been discussed in the report in order to help understand the competition in a better way
- Market segmentation has been conducted based on application, type and geographic segments, which would assist companies in deciding on the segments of importance
- Analysis of current market scenario as well as the future estimations through 2013-2020 would help stakeholders understand the future prospects of the market
The global industrial controls and robotics market has been categorized into three segments, namely type, application and geography.
MARKET BY TYPE
- Industrial Control System
- Field Devices
- Relays and Switches
- Manufacturing Execution Systems
MARKET BY APPLICATION
- Iron and Steel
- Printing and Packaging
- Oil and Gas
- Food Processing
MARKET BY GEOGRAPHY
- North America
- South America
- Asia Pacific