DUBAI, United Arab Emirates, Jan. 27, 2022 (GLOBE NEWSWIRE) -- The global industrial robotic motors market are slated to top ~US$ 1.1 Bn in 2022, and is projected to increase at a CAGR of ~ 13.4% during the forecast period 2022-2029. This growth is significantly driven by the progressing automation in factories, installation of robots in a wide spectrum of service applications including healthcare, agriculture and defence, and implementation of modern robotic solutions.
Attribute | Details |
Industrial Robotic Motors Market Estimated Size 2022 | US$ 1.1 Bn |
Industrial Robotic Motors Market Value-based CAGR (2022-2029) | ~13.4% |
Industrial Robotic Motors Market Size in Projected 2029 | US$ 2.7 Bn |
A new market research study by Future Market Insights on the industrial robotic motors market contains global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the industrial robotic motors market, and provides critical insights for the forecast period of 2022-2029.
As per the findings of the report, the global industrial robotic motors market is anticipated to experience substantial growth over the forecast period, due to multiple driving factors such as, high demand for robots across end-use industries, rapid growth of automation, and implementation of global energy-efficient norms.
Request for Report Sample - https://www.futuremarketinsights.com/reports/sample/rep-gb-10335
The ongoing need for non-delay operations in a number of industries, in the view of rising product demand and shrinking workforce, has led to an incessant rise in the adoption of robotic technology, and the result is likely to lead to an increased demand for industrial robotic motors, according to the FMI analyst.
East Asia Continues to Offer Considerable Growth Opportunities
Growth prospects of the industrial robotic motors market are high in East Asia. The market in China has particularly been on a significant rise, owing to the fact that the robots are being incorporated in solutions as well as services. Substantial growth of the robot industry has been an eminent factor in the enhancement of industrial robotic motors in different sectors for South Korea. The rapid decrease in the workforce and the restricted influx of immigrants provide a strong incentive for robotics in Japan.
The inclination of these countries toward industrial robotic motors, fuelled by major technology developments, is amplifying the market. In terms of growth, South Asia & Pacific region is estimated to project maximum growth rate in the coming years, owing to rapidly increasing automation in several manufacturing industries actively operating in the developing countries.
Market Growth Underpinned by Rapid Adoption of Robotics Across Numerous Industrial Sectors
The global industrial robotic motors market has been segmented based on the different types of Motor, Robots, Fit type, and regions such as East Asia, South Asia Pacific, Europe and Middle East & Africa and the Americas.
- Servo motor, under the motor category is expected to have the paramount share of market in the upcoming years. The segmental growth is followed by DC and stepper motors for handling certain procedures including pick and place where accuracy is not a prior parameter taken into consideration in the manufacturing operation.
- Based on robot, articulated robot is expected to account for a prominent share of the global industrial robotic motors market. This line of growth is followed by SCARA, Cartesian/Gantry, Dual arm, Collaborative and Delta robots respectively which are expected to have a fair portion in the market development.
- Based on fit type, first fit segment is expected to have a dominant share in the industrial robotic motors, owing to increasing rate of new installation of robots across the globe. The estimated life span of a motor used in industrial robots is around 5 years, therefore retro fit segment, is expected to account for a minimal in the market.
Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-10335
Scope Of Report
Attribute | Details |
Forecast Period | 2014-2021 |
Historical Data Available for | 2022-2029 |
Market Analysis | Units for Volume and US$ Bn for Value |
Key Regions Covered | Americas, East Asia, South Asia & Pacific, and EMEA. |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others. |
Key Market Segments Covered | Motor Type, Robot Type, Fit Type, and Region |
Key Companies Profiled | • ABB Group • Nidec Corporation • FAULHABER Group • PMDM Group • HDD • Aurotek Corporation • Kollmorgen • Fanuc Corporation • Kawasaki Heavy Industries • Lin Engineering • Shenzhen Topband • Pololu Corporation • ElectroCraft • Zikodrive Motor Controllers • Duowei Electric |
Request Customization@ | Available upon Request |
Industrial Robotic Motors Market: Vendor Insights
The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial robotic motors market. Few examples of key players in the market are Nidec Corporation, FAULHABER Group, PMDM Group, HDD, Aurotek Corporation, Kollmorgen, Fanuc Corporation, ABB Group and Kawasaki Heavy Industries among others. The global industrial robotic motors market is considerably dominated by prominent market participants. These players are indulging into strategic collaborations, alliances, mergers and acquisitions. For instance, Nidec Corporation announced its establishment to form a joint venture to manufacture automotive traction motors with a subsidiary of China-based Guangzhou Automobile Group Company.
Explore FMI’s Extensive ongoing Coverage on Industrial Automation Domain
Power Transmission Gearbox Market: Power transmission gearbox is an integral part of the power transmission system used for transmitting the power from one part to another part of the system through different sized gears placed in an enclosed case made up of high strength material.
Shell & Tube Heat Exchangers Market: Due to increasing demand for advanced modern equipment in the petrochemical, pharmaceutical, and power generation industries, offering high performance and corrosion resistance, the Shell & Tube Heat Exchangers market is projected to expand at a significant pace.
Black Start Generators Market: A black start is the process of restoring an electric power station or a part of an electric grid to operation without relying on the external electric power transmission network to recover from a total or partial shutdown.
End Milling Machine Market: COVID-19 has affected the global economy in various ways by directly impacting the supply and demand, creating production challenges, disruptions in markets, and financial impact on SMEs and MSMEs.
Digital Power Meter Market: The increasing growth of smart grid projects has significantly driven the global digital power meter market.
Drone motors Market: The requirement for Drone motors will demonstrate an ascended inclination on the drone motors prices, on the back of competitive intensity and also increased in sales of drones.
Solar Panel Mounting Structures Market: Solar panel mounting structure plays important role in the efficient working of solar system in rooftop as well as utility segment.
Motor bearings Market: The global motor bearings market has been augmented by factors such as rise in implementation of motor bearings in various end use applications like railways, electric vehicles, rolling mills, etc.
Converter Transformer Market: The global converter transformer market is primarily driven by increasing requirement for energy transmission over long distance and growth in demand for electricity by industries.
Multi Attachment Loaders Market: The demand for multi attachment loaders has increased substantially due to rise demand from the fields of landscaping, agriculture, mining etc. all across the globe.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/industrial-robotic-motors-market
Press Release Source: https://www.futuremarketinsights.com/press-release/industrial-robotic-motors-market
![](https://ml.globenewswire.com/media/YzgyYTBjMWQtYzgxMi00ODM1LThlY2ItNjU5OGNhNjc2NWM4LTEwOTU2NDU=/tiny/Future-Market-Insights-Global-.png)