Transparency Market Research released a new report titled, Industrial Controls and Robotics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019. The findings in this report provide some noteworthy statistics. The global industrial controls and robotics industry was worth $102.02 billion in 2012, and it is projected to reach $147.7 billion in 2019.
The market is segmented into end-user industries that include automotive, plastics, oil and gas, pharmaceutical, power, textiles, semiconductors and food processing. In 2012, the automotive industry held the largest market share, and it is expected to keep this position during the course of the forecast period based on a growing demand for productivity. The pharmaceutical industry is projected to show strong growth during the forecast period since industrial automation improves efficiency by decreasing the amount of time needed for compounding, washing, labeling, packaging and filling.
In terms of geography, the Americas (North and South America) captured the largest share of the industrial controls and automation market in 2012 as a result of re-engineering older industrial segments. More specifically, this was due to the adoption of new technologies and growing demand for mass production. Going forward, the Asia Pacific region is projected to experience substantial growth during the forecast period based on large investments in the power industry in this locale.
To obtain the full report, click here: Industrial Controls and Robotics Market