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 ability 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.
Industrial controls and robotics market by typeOn 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).
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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.. 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. 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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