Robots are embedded in technological knowledge to upshot precision, intelligence, and endless energy levels. These key factors make the robots perfect employees for a wide range of jobs around the globe that humans cannot afford to perform. All the manufacturing facilities around the globe have replaced human workforce with industrial robots to survive the ever-growing global competitive environment. Multiple reasons considered while deploying robots within a manufacturing facility are the cost of the robot, maintenance, upgrading cost and the return of investment which are valuable in the long run. However, to secure a human workforce, fewer impact robots are made to work safely alongside human workers with the help of sensor and vision technology. Advanced safety features embedded in industrial robots is expected to revolutionize the production sector by improving efficiency and reducing hazards.
According to the study the market of “Industrial Robots for Chemical, Rubber and Plastics Industry: Global Market 2016-2022” is spread across Asia-Pacific, Europe, the Middle East, the Americas and the rest of the world. Asia-Pacific is the major revenue generator within the industrial robots market because a large number of robots are deployed for multiple industrial operations. The Asia Pacific provides a base for many leading foreign manufacturers to establish or expand existing companies that widely adopt co-bots in their production plants. It was estimated that the favorable government legislation in various regions and huge investments is driving industrialization in Asia-Pacific, thereby enhancing the infrastructure within chemical, rubber and plastic industries. Manufacturers of industrial robots compete intensely based on robot features, price, customized solutions, and multiple services offered. Leading manufacturers of industrial robotics deployed in rubber, plastics, and chemicals industries are ABB Ltd., Fanuc Corp., Kuka AG, Yaskawa Electric Corp., Adept Technology Inc., Ellison Technologies Inc., Mitsubishi Electric Corp., Nachi Fujikoshi Corp., Pari Robotics, Rockwell Automation Inc., Schunk GmbH, Omron Corporation, Genmark Automation, Inc., and Universal Robots. Various applications and analysis of the robotics market in rubber, plastics, and chemicals industries are material handlings, dispensing, assembling and dissembling and processing operations. Material handling segment deploys the majority of the industrial robots coupled with supporting applications. Multiple applications such as packing, palletizing, painting, inspection and quality control within the rubber, plastics, and chemicals industries are carried out efficiently by industrial robots in a short span of time.
Evolution in robotics has bolstered the market for robots which sequentially witnesses deployment of a huge number of robots within the rubber, plastics, and chemicals industries around the globe. Robotics coupled with automation has speculated a positive impact on the industrial robots market. Robots can operate for a longer time, at a constant speed and accuracy compared to automated equipment in industries. Increasing deployment of industrial robots with improved technologies for various manufacturing processes within the chemical, rubber and plastics industries has propelled energy efficient production on a global scale.
Evolution of fourth industrial revolution is coupled with the Internet of Things (IoT), Industrial Internet of Things (IIoT), Big Data Analytics, Diode Lasers, Nonmanufacturing, Cloud Computing and Artificial Intelligence (AI) driving the global market for industrial robots. Therefore, the majority of the global industrial robotics manufacturers are incorporating advanced technologies such as asset management, equipment, process efficiency optimization, and cost reduction. Cloud computing is used to record data flow from industrial robots and external devices for more efficient productivity and storage. Global industrial robots market is expected to be more technologically advanced over the next few years because robotics is focusing on research in the field of machine learning, tactile sensing and socially intelligent robots.
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