Global Robotics and Automation Actuators Market will foster by rising demand for robots in manufacturing and healthcare industry
Published | 24 June 2019
According to BlueWeave Consulting,
The Global Robotics and Automation
Actuators Market is estimated to grow with a significant rate during the
forecast period 2019-2025, due to increasing investments in automation across
industry verticals as well as digitalization of production processes. Moreover,
the major factor driving market growth is increased need for various industrial
automation to leverage their profits and provide better quality products.
Furthermore, the
growing use of Robotics and Automation Actuators in the automotive, aerospace,
and healthcare industries for reduction of labor-cost and overcoming the lack
of skilled labor will accelerate the growth of the Robotics and Automation
Actuators market. Additionally, increasing investment in process automation
across various industries will contribute to Robotics and Automation Actuators market
growth during the forecast period. Also,
the precise movements and accuracy in performing tasks, the increased awareness
about the activities performed by the industrial robots, and applications of
robots for improving output and quality and complex tasks performed are
expected to boost the Robotics and Automation Actuators market in the upcoming
year. In addition, the rapid adoption of robotics in food & beverages and
electronics industry will influence the global Robotics and Automation
Actuators market over the forecast period.
Electric Actuation of
Robotics and Automation Actuators market is projected to be the leading segment
of the overall market during the forecast period
On the basis of Actuation, the Robotics and
Automation Actuators market has been segmented into Electric, Pneumatic, and
Hydraulic. Electric dominates the global Robotics and Automation Actuators
owing to their higher efficiency and greater levels of control than Pneumatic
and Hydraulic. Pneumatic will boom by its application in miniaturization,
materials, and integration with electronics and condition monitoring.
A rotary type of Robotics
and Automation Actuators market is projected to be the dominating segment of
the overall market during the forecast period
On the basis of Type, the Robotics and Automation
Actuators market has been segmented into Rotary and Linear. The rotary segment
will lead the global Robotics and Automation Actuators market owing to growing
applications in automation industries such as gates, valves, etc. Linear
segment will be trigger by its features such as process repeatability, reduce
variability, and meet quality expectations and lower manufacturing cost.
Robotics are
projected to lead applications of the Robotics and Automation Actuators during
the forecast period
On the basis of Application, the global Robotics
and Automation Actuators market has been segmented into Process Automation and
Robotics. By Application, Robotics segment will lead the market owing to the increasing
adoption of robots in automotive and electrical & electronics, pharmaceutical,
pulp & paper, and food & beverages. Process automation will drive by
its features like increase speed of/reduce errors in customer-facing processes
to increase customer satisfaction, reduce manual data edits, increasing quality
of data, reducing compliance risks and simplifying audit.
Automotive is
projected to lead the industry for utilizing applications of the Robotics and
Automation Actuators during the forecast period
On the basis of End-user industry, the global
Robotics and Automation Actuators market has been segmented into Automotive,
Electronics, Food & Beverages, Construction, and Healthcare. By End-User Industry,
Automotive segment will lead the market due to
The rising adoption of robots to provide high-quality products to the
customers has resulted in increased adoption of industrial robots in this
industry. Food & beverages will grow by growing usage of robots for
packaging segment.
The Asia-Pacific
accounts for the lion’s share of the global Robotics and Automation Actuators market
during the anticipated period.
On the basis of region, the Robotics and Automation Actuators market has
been segmented into North America, Europe, Asia Pacific, Middle East &
Africa, and Latin America. The Asia Pacific dominates the world Robotics and Automation Actuators market over the
forecast period owing to the increasing demand for industrial robots and
process automation in different industrial verticals. North America market will
trigger by the huge demand for robots for better productivity across various
industries.
Global Robotics and
Automation Actuators Market Competitive Landscape
Companies such as Rockwell Automation,
Moog, Curtiss Wright, ABB, Altra Industrial Motion, Rotork, Auma, Flowserve,
Emerson, Misumi Group, SKF, DVG Automation, Festo, Harmonic Drive, IAI, Nook
Industries, Rotomation, Tolomatic, Venture Mfg, Cedrat Technologies, Kinitics
Automation, Chuanyi Automation and SMC, are the key players in the global
Robotics and Automation Actuators market..
Don’t miss the business opportunity of
Robotics and Automation Actuators Market. Consult our analyst and gain crucial
insights and facilitate your business growth.
The in-depth analysis of the report
provides the growth potential, upcoming trends and statistics of Global
Robotics and Automation Actuators Market size & forecast. The report
promises to provide state-of-the-art technology of Robotics and Automation
Actuators production and industry insights which help decision makers to take
sound strategic decisions. Furthermore, the report also analyzes the market
drivers and challenges and competitive analysis of the market.
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