By Slainie Couturier. Industrial Robot. Published at Saturday, November 17th, 2018 - 16:20:37 PM.
Growth prospects for the industrial robotics industry depend on market opportunity metrics relative to the different industries. Automotive investment levels globally have remained at historical highs. Increasing usage of robotic automation by non-automotive companies is driving the usage of industrial robot automation to a new level. Increased adoption of industrial robots coupled with a huge push from the industry for collaborative robots, opens opportunities for robotic solutions. In the immediate future industrial robots strengthen the position of every industry, promising more manufacturing efficiency at every level.
One of the major advantages of robots is that they can perform any kind of work if programmed accordingly and they can also work for longer hours without giving them any break. The robots are built in such a way that they can work for many years. This is a long time investment where you can get much of your work done with less cost. The industrial robots economic life span is approximately 12-16 years. The industrial robots have been producing good work and that they have become one of the important parts of the industries.
A few leading vendors profiled in the report lead the market. ABB provides a comprehensive range of robots to help manufacturers improve productivity, product quality and worker safety. Regardless of application ABB has a robot to meet needs of the customer in any industry. ABB has installed 250,000 robots worldwide.
According to Research Analyst, principal author of the market research study, “Industrial robot vendors have discovered that with intelligent use of new technology, they can dominate an aspect of some manufacturing automated process for a particular sector. As the early adopters in the auto industry have proven, robots do the work cheaper and better than humans once a repetitive process has been evolved. Industrial robots make the difference between winning competitive advantage or losing it. Solutions offered by vendors are creating market growth opportunities .”
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