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Global Robots Market in Renewable Energy Equipment Manufacturing - Key Insights by Technavio

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LONDON--(BUSINESS WIRE)--The global robots market in renewable energy equipment manufacturing is expected to grow at a CAGR of over 6% during the period 2018-2022, according to a new market research study by Technavio.

The report presents a comprehensive research of the global robots market in renewable energy equipment manufacturing by application (material handling, welding, and soldering, assembly, dispensing, and others), and by type of robots (articulated robots, cartesian robots, SCARA robots, and delta/parallel robots). The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

Market driver: increase in adoption of renewable energy

With increased focus on sustainability and environmental conservation, the forecast period will see an increase in the impetus on green energy initiatives such as solar PV, wind power, geothermal power, biopower, and hydroelectric energy.

Major global level initiatives to reduce the carbon footprint and promote climate change, such as the Paris Agreement and the UN General Assembly's Sustainable Development Goals on Sustainable Energy for All (SDG 7) initiative, launched in the year 2015, promote the use of renewable energy with the aim to reduce greenhouse gas (GHG) emissions.

According to a senior analyst at Technavio for robotics research, “Vendors in the global robots market in renewable energy equipment manufacturing will see considerable growth opportunities during the forecast period owing to the adoption of green technologies on a commercial scale.”

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Market trend: improvement in software capabilities

Vendors are developing simulation software for programming robots that include features to make programming hassle-free. Vendors also offer software packages for programming applications that control domain-specific tasks such as handling, welding, and assembly line along with superior tasks such as the coordination of multiple robots.

The forecast period will witness an increase in the adoption of software to assist end-users in modifying and scaling-up the production of renewable energy equipment manufacturing. Simulation ensures that the system design can accommodate production needs, with minimal increase in capital costs. The improvement in software facilities is expected to positively impact the growth of the global robots market in renewable energy equipment manufacturing.

Market challenge: expansion challenges in Europe

In terms of geography, EMEA is the second largest revenue contributor to the market, with a share of over 26% in 2017. However, vendors face major challenges in Europe since the market is fragmented, and it is essential for vendors to adapt their offerings according to country-specific regulations.

Is your business on track for a successful future? Learn how Technavio can help

Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions.

 
Technavio’s best deals of the month!

Celebrate Earth Day and clean energy with Technavio. Get 30% discount on all energy reports. Offer valid from 12th March - 18th March.

OR

Get 20% off on all media and entertainment services reports. Offer valid only till the 31st of March.

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

LONDON--(BUSINESS WIRE)--The global robots market in renewable energy equipment manufacturing is expected to grow at a CAGR of over 6% during the period 2018-2022, according to a new market research study by Technavio.

The report presents a comprehensive research of the global robots market in renewable energy equipment manufacturing by application (material handling, welding, and soldering, assembly, dispensing, and others), and by type of robots (articulated robots, cartesian robots, SCARA robots, and delta/parallel robots). The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

Market driver: increase in adoption of renewable energy

With increased focus on sustainability and environmental conservation, the forecast period will see an increase in the impetus on green energy initiatives such as solar PV, wind power, geothermal power, biopower, and hydroelectric energy.

Major global level initiatives to reduce the carbon footprint and promote climate change, such as the Paris Agreement and the UN General Assembly's Sustainable Development Goals on Sustainable Energy for All (SDG 7) initiative, launched in the year 2015, promote the use of renewable energy with the aim to reduce greenhouse gas (GHG) emissions.

According to a senior analyst at Technavio for robotics research, “Vendors in the global robots market in renewable energy equipment manufacturing will see considerable growth opportunities during the forecast period owing to the adoption of green technologies on a commercial scale.”

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Market trend: improvement in software capabilities

Vendors are developing simulation software for programming robots that include features to make programming hassle-free. Vendors also offer software packages for programming applications that control domain-specific tasks such as handling, welding, and assembly line along with superior tasks such as the coordination of multiple robots.

The forecast period will witness an increase in the adoption of software to assist end-users in modifying and scaling-up the production of renewable energy equipment manufacturing. Simulation ensures that the system design can accommodate production needs, with minimal increase in capital costs. The improvement in software facilities is expected to positively impact the growth of the global robots market in renewable energy equipment manufacturing.

Market challenge: expansion challenges in Europe

In terms of geography, EMEA is the second largest revenue contributor to the market, with a share of over 26% in 2017. However, vendors face major challenges in Europe since the market is fragmented, and it is essential for vendors to adapt their offerings according to country-specific regulations.

Is your business on track for a successful future? Learn how Technavio can help

Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions.

 
Technavio’s best deals of the month!

Celebrate Earth Day and clean energy with Technavio. Get 30% discount on all energy reports. Offer valid from 12th March - 18th March.

OR

Get 20% off on all media and entertainment services reports. Offer valid only till the 31st of March.

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at This email address is being protected from spambots. You need JavaScript enabled to view it..


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