Wednesday, 30 April 2014

Global Ultracapacitors Market is expected to reach USD 3.1 Billion in 2019: Transparency Market Research

According to a new market report published by Transparency Market Research Ultracapacitors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019,” the global ultracapacitors market was worth USD 672.0 million in 2012 and is expected to reach USD 3,120.0 million in 2019, growing at a CAGR of 25.2% from 2013 to 2019. Asia Pacific was the largest market for ultracapacitors in 2012 due to the increasing demand and huge potential of ultracapacitors in automotive, industrial, energy, military and electronic sectors.


This market is primarily driven by decreasing price and increasing application in regenerative breaking, micro-hybrids/stop-start systems, HEVs and aerospace/military. In addition, stringent government regulations related to carbon emissions in regions such as Europe, North America and China is supporting the growth of ultracapacitors. At the same time, benefits associated with ultracapacitors such as unlimited life cycle which is higher as compared to conventional batteries is expected to increase its demand in the coming years. Although the technology of ultracapacitors is dated, the usage of ultracapacitors is still at a nascent stage. High price as compared to conventional batteries and low awareness about this product and its benefits is inhibiting ultracapacitors’ growth globally. However, the price is coming down and will have less negative impact on this market in the coming years.

By applications, automotive sector was the largest followed by electronics in 2012, and is expected to maintain its position throughout the forecast period. Increasing adoption of ultracapacitors in the start stop systems in different vehicles is expected to fuel its growth in the near future. Among different vehicles in the automotive sector, buses accounts for the highest share due to the high adoption of ultracapacitors. However, energy sector is the emerging sector for ultracapacitors offering huge potential for energy storage in solar and wind sector. It is expected to experience robust growth rate, i.e., 27.8% from 2013 to 2019.

Geographically, Asia Pacific held the largest share and accounted for 35.1% of the total market in 2012. China and Japan are the major countries supporting the growth of ultracapacitors in Asia Pacific. In addition, the leading manufacturers of ultracapacitors are focusing on these countries to increase their sales. The North America is expected to witness robust growth, i.e., 26.7% as it has been a pioneer in adoption of ultracapacitors.

Maxwell Technologies (U.S.), Nesscap Co. Ltd. Co. Ltd (South Korea), Nippon Chemi-Con Corp. (Japan), Panasonic (Japan), NEC Tokin (Japan), LS Mtron (South Korea), Ioxus (U.S.), VINATech (South Korea) and SPS (China) are the popular players in the ultracapacitors market, while Maxwell Technologies enjoyed maximum market share in 2012. The number of players in this market has increased in last few years and more number of players is expected to enter this market in the coming years. However, global players are likely to dominate the market by joining hands with local players.

The market has been segmented as follows for better understanding and to formulate winning strategies for the market players.

Ultracapacitors Market by Applications
  • Automotive
o   Bus
o   Auto
o   Train
o   Others
  • Industrial
o   Cranes
o   Valves
o   Mining
o   Smart Grid


  • Energy
o   Wind
o   Solar
o   Energy Harvesting
  • Electronics
o   Solid State Disk Drive
o   Non-volatile RAM
o   UPS
  • Others (Aerospace/Military and Sensor Technology)

Ultracapacitors Market by Geography
  • North America
o   U.S.
o   Canada
o   Mexico
  • Europe
o   U.K.
o   Germany
o   France
o   Italy
o   Rest of Europe
  • Asia-Pacific
o   China
o   Japan
o   India
o   Australia
o   Singapore
o   Hong Kong
o   Rest of Asia Pacific


  • Rest of the World
o   South America
o   Africa
o   Middle East


About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

Tuesday, 29 April 2014

Global Salicylic Acid Market is Expected to Reach USD 521.2 million in 2019: Transparency Market Research

According to a new report published by Transparency Market Research “Salicylic Acid Market for Pharmaceutical, Skin care, Hair care and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019,”the global market for salicylic acid was valued at USD 292.5 million in 2012 and is expected to be USD 521.2 million in 2019, growing at a CAGR of 8.6% from 2013 to 2019. In terms of volume, salicylic acid demand was 95,000.0 tons in 2012 and is expected to grow at a CAGR of 6.4% from 2013 to 2019.


Salicylic acid is being increasingly used in skincare and haircare products due to its medical benefits such as reduction of acne, blemishes, dandruff and psoriasis. Rising awareness regarding healthy skin and hair is expected to drive the global skincare and haircare market, which in turn is expected to drive the growth of salicylic acid market. In addition, growing demand for aspirin is expected to be another factor vital to the growth of the market, as salicylic acid forms a key ingredient of aspirin. However, growing consumer concern regarding the side-effects of salicylic acid is expected to hamper the growth of the market. Research proving the positive impact of aspirin on life-threatening diseases such as dementia, strokes and Hughes Syndrome are expected to open new opportunities for the growth of the market over the next few years.
Demand for salicylic acid was highest from pharmaceuticals and was 48,697.0 tons in 2012. However, skincare and haircare are expected to be the fastest growing segments in terms of consumption of salicylic acid, on account of increasing consumer awareness regarding healthy hair and skin. In addition, rising awareness among consumers regarding the benefits of salicylic acid on skin and hair is expected to drive the market towards salicylic acid containing skincare and haircare products. The growth of the global skincare and haircare market is expected to augment the growth of the market.

Consumption of salicylic acid was highest in North America and accounted for over 35% of the market in 2012. However, Asia Pacific is expected to witness the fastest growth in the market within the forecast period. The demand for aspirin is expected to grow substantially on account of growing ageing population and healthcare initiatives by various national governments present in this region. This factor is expected to drive the demand for salicylic acid in pharmaceutical within Asia Pacific over the next few years. In addition, changing lifestyles and rising consumer awareness regarding the benefits of salicylic acid on skin and hair, is expected to fuel the demand for salicylic acid in skincare and haircare applications.

Key participants’ profiles in the report include Alfa Aesar, J.M. Loveridge Limited, Novacap and Simco Chemicals Inc. among others. The report comprises of the following segments:

Salicylic Acid Market: Application Analysis
§  Pharmaceuticals
§  Skincare
§  Haircare
§  Others (food, chemicals, fragrances)
The report provides a cross-sectional analysis of the above application segments with respect to the following regions:
§  North America
§  Europe
§  Asia Pacific
§  Rest of the World


About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

Monday, 28 April 2014

Global Maleic Anhydride Market Is Expected To Reach USD 5.96 Billion By 2018: Transparency Market Research

Transparency Market Research has released a new market report titled “Maleic Anhydride Market For Unsaturated Polyester Resins (UPR), 1, 4–Butanediol (BDO), Additives (Lubricants & Oil), Copolymers and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018,” which observes that global maleic anhydride demand was worth USD 4.11 billion in 2012 and is expected to reach USD 5.96 billion by 2018, growing at a CAGR of 6.4% from 2012 to 2018. Global volumes are expected to reach 2,752.4 kilo tons by 2018.


Unsaturated polyester resin was the largest end use market for maleic anhydride in 2012. However, the demand is strongest in BDO market due to the growing use in the production of elastic fibers, plant protection, thermoplastic polyurethanes, coatings, solvents, pharmaceuticals, and electronic chemicals. Increasing demand for maleic anhydride has triggered capacity expansion by companies mainly in Europe and Asia Pacific. Continuous rise in raw material prices has increased the production cost thus bringing maleic anhydride prices under pressure. However, Continuous efforts on research and development are expected to provide huge market opportunities such as bio-based maleic anhydride to the industry participants.

Key application segments analyzed in this study include unsaturated polyester resins, BDO, additives (lubricants and oil), and copolymers. Unsaturated polyester resins dominate the maleic anhydride consumption, accounted for 49.3% of the total consumption in 2012 and expected to grow at a CAGR of 5.3% from 2012 to 2018. The demand for unsaturated polyester resins was primarily driven by the increasing demand for general construction, pipes and ducts, corrosion resistant tanks, paints and coatings, bathroom fixtures and fiberglass reinforced plastics. BDO accounted for 19.3% share of the market volume in 2012.

Asia Pacific dominated the global market for maleic anhydride in 2012. With over 52% global market share in terms of both volume and revenue, Asia Pacific is the leading consumer of maleic anhydride. North America and Europe together accounted for over 30% of total volume share in 2012. The global maleic anhydride market has witnessed significant capacity addition during the recent past. Asia Pacific is lucrative market for new plant establishments and capacity expansions.

The global market for maleic anhydride is highly fragmented with top seven companies accounting for approximately 30% of the total market. Huntsman Corporation, Lanxess AG, Polynt SpA, Flint Hills Resources, Ashland Chemical Co, DSM N.V., Nippon Shokubai Co Ltd and others are some of the major manufacturers of maleic anhydride.

Maleic Anhydride Market: Application Analysis
·         Unsaturated polyester resins
·         1, 4-Butanediol
·         Additives (Lubricants and oil)
·         Copolymers
·         Others (Tris(3-(2-hydroxybenzophenone) propyl) Amine, alkyd resins, etc.)

Maleic Anhydride Market: Regional Analysis
·         North America
·         Europe
·         Asia-Pacific
·         Rest of the World (RoW)


About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

Saturday, 26 April 2014

Healthcare Biometrics Market is Expected to Reach USD 5.8 Billion Globally in 2019: Transparency Market Research

According to a new market report published by Transparency Market Research “Healthcare Biometrics Market (Fingerprint, Face, Iris, Voice, Vein, Signature and Hand Recognition Technologies, Logical Access Control, Physical Access Control and Transaction Authentication Applications) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019” the global healthcare biometrics market was valued at USD 1.2 billion in 2012 and is expected to grow at a CAGR of 25.9% from 2013 to 2019, to reach an estimated value of USD 5.8 billion in 2019.


Biometrics is used to identify and authenticate an individual’s identity by their biological characteristics or traits. This technology is used in the healthcare industry for the purpose of patient and medical staff’s verification and access control. Use of biometric identity solutions reflects prevention and minimization of healthcare fraud and resource wastage while also improving healthcare safety, quality and patient privacy. Rapid technological advancements in healthcare infrastructure, increasing accuracy and performance levels, along with reduced complexity and cost of biometric devices are some of the major factors driving the biometrics growth in healthcare. Furthermore, growing preference for reducing healthcare expenditure by minimizing the risk of security breaches and medical identity thefts with the use of biometrics, support the growing acceptance of biometric systems in the healthcare industry worldwide.

Growing security concerns with healthcare facilities and medical insurance providers has impelled the demand for biometrics solutions in healthcare.

The global healthcare biometrics market can be categorized into biometric technologies and their applications in various authentication processes. Fingerprint recognition technology is the most prominently used biometric technology and will make up more than 50% percent of biometrics demand in healthcare industry through 2019. Availability of a wide range of fingerprint recognition devices, introduction of portable fingerprint scanners and their efficacy in healthcare are the major factors driving the demand for fingerprint technology. Based on adaptability to cost effective security enhanced formats, AFIS (automated fingerprint identification systems), will continue to lead in terms of market revenues. It is expected that the global market for fingerprint biometric devices will grow at a CAGR of more than 20% from 2013 to 2019.

On the other hand, vein, face and iris recognition are expected to witness fastest growth among the other biometric technologies and will account for the most rapidly expanding demand from applications in the logical access control. Demand for these products will benefit from more strict government regulations and industry standards covering the safety, security, and functional features of biometric systems. Logical access control, physical access control and transaction authentication are the three prime application areas of healthcare biometrics. Use of logical access is essential for user’s authentication to permit access to computer systems in hospitals and healthcare facilities. Thus, in terms of allocations, logical access control segment is expected to dominate the global healthcare biometrics market during the given forecast period of 2013 to 2019.

Geographically, North America is expected to remain the largest market for healthcare biometrics technologies. Currently, North America along with Europe captures more than 75% of the market share. In the developing world, Asia-Pacific region will provide the largest and most diverse sales opportunities for biometrics security solutions in the healthcare sector due to budding domestic and export markets for nationally produced biometric devices.

The healthcare biometrics market is highly fragmented and consists of many large and small players. The competition in this market is characterized by market consolidation activities, partnerships, and intensive mergers and acquisitions as well as intensive cost-containment measures. Some of the major companies currently active in the healthcare biometrics market include 3M Cogent, Inc., Bio-Key International, Inc., DigitalPersona, Inc., NEC Corporation, M2SYS LLC, Cross Match Technologies, Inc., Suprema, Inc., and Siemens AG.


The global healthcare biometrics market is segmented as follows:

Healthcare Biometrics Market, by Technology
  • Fingerprint
  • Vein
  • Face
  • Iris
  • Voice
  • Hand
  • Signature
  • Others
Healthcare Biometrics Market, by Applications
  • Logical Access Control
  • Physical Access Control
  • Transaction Authentication
Healthcare Biometrics Market, by Geography
·        North America
·        Europe
·        Asia-Pacific
·        Rest of the World (RoW)


Browse the full report at http://www.transparencymarketresearch.com/healthcare-biometrics-market.html


About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.


Contact
Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

Friday, 25 April 2014

Glass Packaging Market is Expected to Reach USD 59.94 billion in 2019: Transparency Market Research

According to a new report published by Transparency Market Research “Glass Packaging Market for Food and Beverage, Pharmaceuticals, Beer and Other Alcoholic Beverages – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” the global market for glass packaging was valued at USD 47.43 billion in 2012 and is expected to reach USD 59.94 billion by 2019, growing at a CAGR of 3.4% from 2013 to 2019. In terms of volume, global demand was 45.71 million tons in 2012 and is expected to grow at a CAGR of 3.1% from 2013 to 2019.


Dark colored glass bottles are often used in packaging of beer as glass helps in deflecting UV rays, thereby reducing the occurrence of “skunky” beer. Rise in global consumption of beer is expected to be one of the primary factors driving the glass packaging market. In addition, the growth of the healthcare industry and rising use of glass bottles for storage of medicines due to its sterility and reusability is expected to augment the demand for glass packaging over the next few years. However, growing popularity of plastics and its increasing application scope for packaging is expected to hamper the growth of the market. Growing consumer preference towards glass for packaging of food, beverages and chemicals is expected to open new opportunities for the growth of the market over the next few years.

Alcoholic beverages (excluding beer) were the largest application segment of the glass packaging market and accounted for over 50% of the total demand in 2012. However, the consumption of glass in the packaging of beer is expected to witness the fastest growth on account of increasing consumption in Asia Pacific and Eastern Europe coupled with the preference towards glass as packaging material. Alcoholic beverages and pharmaceuticals are expected to show robust demand for glass packaging over the next few years due to its sterility.
Asia Pacific was the largest market for glass packaging and accounted for over 16.1 billion of the overall revenue in 2012. Growing consumption of beer and alcoholic beverages in countries such as India, China, Thailand, Australia and Indonesia are expected to boost the demand for glass as packaging medium in these countries. Europe was the second largest market for glass packaging accounting for over 13.34 million tons of overall demand in 2012.

Profiles of key participants in the report include Ardagh Group, Gerresheimer, Owens-Illinois, Saint Gobain, Vetropack and Vidrala among others. The report comprises of the following segments:

Glass Packaging Market: Application Analysis
§  Alcoholic beverages (Excluding beer)
§  Beer
§  Food & beverages
§  Pharmaceuticals
§  Others (Personal care products, chemicals)
The report provides a cross-sectional analysis of the above application segments with respect to the following regions:
§  North America
o   U.S.
§  Europe
o   France
o   Germany
o   Italy
o   Portugal
o   Turkey
§  Asia Pacific
o   China
o   India
§  Rest of the World
o   Brazil



About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

Thursday, 24 April 2014

Enteric Disease Testing Market is Expected to Reach to USD 3.6 Billion Globally by 2019: Transparency Market Research

According to a new market report published by Transparency Market Research “Enteric Disease Testing Market (Amebiasis, C.difficile Infection, Campylobacteriosis, Cholera, Cryptosporidiosis, E.coli Infection, Giardiasis, H.pylori Infection, Norovirus Infection, Rotavirus Infection, Salmonellosis and Shigellosis) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” the global enteric disease testing market was valued at USD 3.1 billion in 2012 and is expected to grow at a CAGR of 2.4% from 2013 to 2019, to reach an estimated value of USD 3.6 billion in 2019.


Enteric diseases are major causes of morbidity and mortality worldwide. Developing socio-economic countries with poor drainage, sanitation along with overcrowding and low hygiene awareness account for majority of enteric infection incidences prevailing worldwide. These diseases usually exhibit mild symptoms but if not treated on time can lead to severe complications resulting into death. In order to manage these diseases effectively, their early detection is essential. Various enteric diseases responsible for diarrhea, stomach pain, nausea, vomiting, anorexia, weight loss and fever are amebiasis, giardiasis, rotavirus infection, salmonellosis and shigellosis.

Traditionally, diagnosis of enteric infections was relied on culture results of fecal specimen. Today, the world is witnessing a paradigm shift from culture to EIA (enzyme immunoassaya) and PCR (polymerase chain reaction) based tests owing to advantages associated with these newer testing methods. EIA and PCR tests offer enhanced sensitivity and specificity compared to culture tests and also give quick results. Globally the market for enteric disease testing is growing at a CAGR of 2.4% under the influence of rising awareness, demand for point of care testing and increasing application of molecular diagnostics. Use of molecular diagnostic products has made diagnosis easy and possible even those strains which once seems to be difficult and impossible. North America and Europe represents the largest regional markets because of rapid demand for molecular based diagnostics and due to high level of awareness among people about the diseases. C.difficile infection is one of the major causes of antibiotic related diarrhea in developed regions.

Various epidemiological sources including CDC and American Association for Clinical Chemistry suggest that C.difficile infection incidence per 100,000 people has increased over the past few decades in United States. In developing nations, frequent travelling to regions where enteric diseases are epidemic is also one of the reasons driving the market growth. Asia-Pacific and Africa have been predicted to grow rapidly during the forecast period. In developing nations of Asia-pacific, Africa and Latin America, the market is also growing due to advent of rapid dipstick tests which can be applied by patient itself. These regions associated with inadequate healthcare infrastructure do not posses substantial number of laboratories to perform laboratory based tests.


Thus rapid dipstick test kits being inexpensive and easy to use are widely accepted in these regions for managing enteric illness. Continuously improving economy and rising healthcare expenditure in these regions are also anticipated to drive the market. The market is also growing due to emergence of new strains; sources from Eurosurveillance suggest that the norovirus infection is increasing worldwide including United Kingdom, the Netherlands, France, Japan and Australia due to emergence of new strain of genotype II.4 (GII.4) that is also known as Sydney strain.

Some of the major companies leading the market for enteric disease testing are DiaSorin, Cepheid, Bio-Rad, Trinity Biotech, Biomerica, Becton Dickinson, Meridian Bioscience, Alere and bioMerieux.

Asteroids Brought Vitamin B3 to Earth – New Study Reveals

A new research has revealed that the earthly stores of vitamin B3 may have been delivered by asteroids during the early days of earth’s formation. This study has now, time-again, proved that many extraterrestrial materials have played large roles in initiating life on earth. 

Earlier works have always hinted that vitamin B3 must’ve been formed on earth through non-biological processes and that an extra-terrestrial adulteration could be the possible reason behind its availability on the planet.

Vitamin B3, also called niacin or nicotinic acid, is considered fundamental in the development of nicotinamide adenine dinucleotide in living organisms, essential for their metabolism and is considered of very ancient origin.

The research that revealed this possibility involved the study of eight different varieties of carbonaceous (carbon-rich) chondrites (meteorites).

The objects studied contained 30 to 600 parts of B3 molecules per a billion parts of the meteorite’s composition. The study discovered, along with other carboxylic acids, a pattern-less variety of the vitamin B3 in meteorites that resulted from asteroids altered more by liquid water. It can be said that these molecules resulted in a pattern-less form due to their destruction from a prolonged contact with water.

The research also studied situations in artificially modeled interstellar space environments showing that vitamin B3 can be generated on ice grains. 

There is a scientific logic that confirms this assumption of development of vitamin B3 from non-biological sources: biological chemistry produces only those elements that are essential for life but non-biological chemistry can produce everything that is possible from the materials and conditions available.

If we assume that it was a terrestrial change that resulted in the formation of vitamin B, only the core vitamin would have been developed and not its other forms because life generates only the elements that are needed and no other forms of them. Rather, it is the non-biological processes that result in the development of various forms of a similar element.  


Wednesday, 23 April 2014

Industrial Controls And Robotics Market Is Expected To Reach USD 147.7 Billion Globally In 2019: Transparency Market Research

According to a new market report published by Transparency Market Research “Industrial Controls and Robotics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 – 2019,” the global industrial controls and robotics market was worth USD 102.02 billion in 2012 and is expected to reach USD 147.7 billion in 2019, growing at a CAGR of 5.6% from 2013 to 2019. Americas i.e. (North America and South America) was the largest market for industrial controls and robotics in 2012 due to re-engineering in the old industrial segment along with the adoption of new technologies and increasing demand for mass production.


The market is driven by its growing use in application areas of discrete and process industries i.e. automotive, power, pharmaceutical, and semiconductors industries. Also, increased productivity of manufacturing companies, growing demand for customized products, and need for improved efficiency and precision are the factors encouraging deployment of these systems in the industries.

High initial investment, availability of low cost labors in emerging countries such as India, China, Indonesia, and need for skilled labors to operate the robots are some of the factors inhibiting growth of industrial controls and robotics market.

By product type, market has been segmented into – industrial control systems, field devices, and manufacturing execution systems (MES). Industrial control segment accounted for about half of the market share followed by field devices in 2012. Industrial control system is expected to maintain its leading position throughout the forecast period. Requirements for accurate precision and proper functioning of installed plants are the main factors flourishing growth of industrial control systems. Among all types of control systems, MES is expected to show fastest growth during the period of forecast. The demand for MES across end use industries is expected to grow owing to improved yield. Improvement in supply chain and inventory management also attracts most of the users to implement MES.

By end user industry, market is segmented into power, textiles, automotives, chemicals, printing and packaging, plastics, oil and gas, pharmaceuticals, food processing, semiconductors, OEMs of aforementioned industries and others. Automotive industry held largest market share in 2012 and is expected to maintain its leading position throughout the forecast period owing to increasing demand for productivity. Pharmaceuticals industry is expected to show strong growth during the period of forecast as industrial automation help increase efficiency and reduce time of various operations such as compounding, washing, labeling, packaging and filling.

Geographically, Americas held largest share in industrial controls and robotics market in 2012 attributed to re-engineering in the old industrial segment with adoption of new technologies in North America and heavy exporting of goods from South America. RoW is expected to show fastest growth during the period of forecast because of the growing demand for industrial robots and control systems in oil and gas industries in this region. Asia Pacific is also expected to witness robust growth during the forecast period fueled by heavy investment in power industry in this region.

Siemens AG and ABB Ltd. were leading providers of industrial control systems in 2012 and together held 26.2% of the entire Industrial control systems market. On the other hand Yaskawa and Fanuc Corporation were the major manufacturers of industrial robots and together held 44% share of the overall industrial robotics market. Other major players in the market include Yokogawa Corporation, KUKA Robotics, Emerson Electric Corporation, Rockwell Automation, Omron Corporation, Schneider Electric SA, and others. The industrial controls and robotics market has been segmented as follows:

Industrial controls and robotics market analysis, by type
§  Industrial Control systems
Ø  SCADA
Ø  PLC                                                                                                  
Ø  DCS

§  Field Devices
Ø  Sensors
Ø  Relay & Switches
Ø  Robotics
Ø  Motion Control & Drives Systems
Ø  Machine Vision systems
Ø  Others

§  Manufacturing Execution Systems
Ø  Discrete
Ø  Process

Industrial controls and robotics market analysis, by application
§  Power
§  Textiles
§  Automotives
§  Chemicals
§  Printing and Packaging
§  Plastics
§  Oil & Gas
§  Pharmaceuticals
§  Food Processing
§  Semiconductors
§  OEMs
§  Others

Industrial controls and robotics market analysis, by technology
§  Motion Control and Drives Systems
§  Robotics Systems
§  Integrated Manufacturing Systems
§  Machine Vision Systems
§  Manufacturing Execution Systems
§  Programmable Logic Control System
§  Others

In addition the report provides a detailed analysis of the market with respect to the following geographical segments:

§  America’s
Ø  North America
o   U.S.
o   Canada
o   Mexico
Ø  South America
o   Argentina
o   Columbia
o   Brazil
o   Venezuela
o   Others

§  Europe
Ø  U.K.
Ø  Germany
Ø  France
Ø  Italy
Ø  Rest of Europe

§  Asia-Pacific
Ø  China
Ø  Japan
Ø  India
Ø  South Korea
Ø  Taiwan
Ø  Others



§  Rest of the World
Ø  Africa
Ø  Middle East
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/