"The Report Global Vacuum
Generator Market for Industrial Robots 2017-2021 provides information
on pricing, market analysis, shares, forecast, and company profiles
for key industry participants. - MarketResearchReports.biz"
A
detailed market research report recently added to the vast research
report portfolio of MarketResearchReports.biz presents a thorough
analysis of the global market for vacuum generators for industrial
robots. The report, titled “Global
Vacuum Generator Market for Industrial Robots
2017-2021,” states that the market will exhibit a promising 8% CAGR
over the period between 2017 and 2021, chiefly owing to the rising
use of robots in a number of industrial applications.
The
growing usage of robots in the machine tools sector, manufacturing
units, and the rising consumer preference to high quality products
are also making the vacuum generator for industrial robots market
highly promising. Increased investment in the industrial sector for
adopting process automation is also one of the key factors driving
the market for vacuum generator for industrial robots.
The
increasing global uptake of commercial aircrafts in the past few
years has compelled manufacturers to invest in capacity expansions,
subsequently driving the need for incorporating automation solutions
in manufacturing facilities. Thus the rising global demand for
commercial aircrafts is also expected to drive the market for vacuum
generator for industrial robots in the next few years.
The
key end-users of vacuum generators for industrial robots are sectors
such as machine shops, automobile industry, medical devices, and
aerospace and defense. Of these, the automotive industry accounted
for the dominant share in the global market in 2016 and is expected
to continue to dominate the market for the next few years as well.
One of the key factors attributable to the high demand for vacuum
generators for industrial robots in the automotive sector is the
significant use of robots for assembling and manufacturing automotive
components.
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From
a geographical perspective, the market for vacuum generator market
for industrial robots in Asia Pacific accounted for the dominant
share in 2016 and is expected to retain dominance throughout the
report’s forecast period as well. The region features a thriving
manufacturing sector and comprises low-cost manufacturing facilities.
These manufacturing facilities use industrial robots and automation
technologies for achieving economies of scale.
The
report states that the global vacuum generators for industrial robots
market features a moderately fragmented and a highly competitive
vendor landscape owing to the presence of a large number of
international as well as domestic players. Moreover, a large number
of local and regional players are focusing on the production of
energy-efficient and cost-effective products, which is further
expected to intensify the level of competition in the market.
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Some
of the notable players operating in the global vacuum generators for
industrial robots market are Parker Hannifin, SMC, Festo, EXAIR,
DESTACO, Schmalz, Gardner Denver Thomas, A.M.C. Vacuum Solutions,
Air-Vac Engineering, Gast Manufacturing, HITOP Automation Machinery,
Vacuforce, Unijet Pneumatics, Mazda, Provoast Automation Controls,
COVAL, Piab, Tuthill, YUEQING BETRE AUTOMATION, and VACGEN.
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