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Industrial Controls and Robotics Market is Expected to Reach USD 147.7 Billion Globally in 2019


Transparency Market Research has published a new report titled "Industrial Controls and Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019" to its report store.

Albany, NY, June 05, 2014 --(PR.com)-- The global industrial controls and robotics market was worth USD 102.02 billion in 2012 and is expected to reach USD 147.7 billion in 2019, growing at a CAGR of 5.6% from 2013 to 2019. Americas i.e. (North America and South America) was the largest market for industrial controls and robotics in 2012 due to re-engineering in the old industrial segment along with the adoption of new technologies and increasing demand for mass production.

Browse the full report with Complete TOC at http://www.transparencymarketresearch.com/industrial-robotics-market.html

The market is driven by its growing use in application areas of discrete and process industries i.e. automotive, power, pharmaceutical, and semiconductors industries. Also, increased productivity of manufacturing companies, growing demand for customized products, and need for improved efficiency and precision are the factors encouraging deployment of these systems in the industries.

High initial investment, availability of low cost labors in emerging countries such as India, China, Indonesia, and need for skilled labors to operate the robots are some of the factors inhibiting growth of industrial controls and robotics market.

By product type, market has been segmented into - industrial control systems, field devices, and manufacturing execution systems (MES). Industrial control segment accounted for about half of the market share followed by field devices in 2012. Industrial control system is expected to maintain its leading position throughout the forecast period. Requirements for accurate precision and proper functioning of installed plants are the main factors flourishing growth of industrial control systems. Among all types of control systems, MES is expected to show fastest growth during the period of forecast. The demand for MES across end use industries is expected to grow owing to improved yield. Improvement in supply chain and inventory management also attracts most of the users to implement MES.

By end user industry, market is segmented into power, textiles, automotives, chemicals, printing and packaging, plastics, oil and gas, pharmaceuticals, food processing, semiconductors, OEMs of aforementioned industries and others. Automotive industry held largest market share in 2012 and is expected to maintain its leading position throughout the forecast period owing to increasing demand for productivity. Pharmaceuticals industry is expected to show strong growth during the period of forecast as industrial automation help increase efficiency and reduce time of various operations such as compounding, washing, labeling, packaging and filling.

Geographically, Americas held largest share in industrial controls and robotics market in 2012 attributed to re-engineering in the old industrial segment with adoption of new technologies in North America and heavy exporting of goods from South America. RoW is expected to show fastest growth during the period of forecast because of the growing demand for industrial robots and control systems in oil and gas industries in this region. Asia Pacific is also expected to witness robust growth during the forecast period fueled by heavy investment in power industry in this region.

Industrial controls and robotics market analysis, by type

Industrial Control systems
SCADA
PLC
DCS
Field Devices
Sensors

Relay & Switches
Robotics
Motion Control & Drives Systems
Machine Vision systems
Others
Manufacturing Execution Systems
Discrete
Process

Industrial controls and robotics market analysis, by application

Power
Textiles
Automotives
Chemicals
Printing and Packaging
Plastics
Oil & Gas
Pharmaceuticals
Food Processing
Semiconductors
OEMs
Others

Industrial controls and robotics market analysis, by technology

Motion Control and Drives Systems
Robotics Systems
Integrated Manufacturing Systems
Machine Vision Systems
Manufacturing Execution Systems
Programmable Logic Control System
Others

In addition the report provides a detailed analysis of the market with respect to the following geographical segments:

America's
North America

U.S.
Canada
Mexico

South America

Argentina
Columbia
Brazil
Venezuela
Others
Europe
U.K.
Germany
France
ItalyRest of Europe

Asia-Pacific
China
Japan
India
South Korea
Taiwan
Others
Rest of the World
Africa
Middle East

Browse all Technology & Media Industry Research Reports @ http://www.transparencymarketresearch.com/technology-market-reports-8.html
Contact Information
Transparency Market Research
Nitin Sirsat
+1-518-618-1030
Contact
http://www.transparencymarketresearch.com
90 State Street,
Suite 700,
Albany, NY - 12207
United States

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