About Vacuum Generator Market for Industrial Robots
The global vacuum generators market for industrial robots will be significantly impacted by the growth dynamics in the industrial robot market as well as the developments in the overall manufacturing sector.
Technavio’s analysts forecast the global vacuum generator market for industrial robots to grow at a CAGR of 8.35% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global vacuum generator market for industrial robots for 2017-2021. To calculate the market size, the report considers the demand for vacuum generators from the key end-user industries. Demand for the product across all geographies is also included.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Vacuum Generator Market for Industrial Robots 2017-2021
Technavio recognizes the following companies as the key players in the global vacuum generator market for industrial robots: Festo, Parker Hannifin, Schmalz, and SMC.
Other Prominent Vendors in the market are: A.M.C. Vacuum Solutions, Air-Vac Engineering, COVAL, DESTACO, EXAIR, Gast Manufacturing, Gardner Denver Thomas, HITOP Automation Machinery, Mazda, Piab, Provoast Automation Controls, Tuthill, Unijet Pneumatics, VACGEN, Vacuforce, and YUEQING BETRE AUTOMATION.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing sales of EVs. Over the past few years, the interest in electrical vehicles (EVs) in the US automotive sector has surged, with manufacturers beginning to introduce new EV models with advanced technology. The country aims to become the global leader in next-generation vehicle technologies. With the support of financial incentives and R&D, the country aims at lessening its dependence on petroleum products for transportation.”
According to the report, one of the major drivers for this market is rise in automation: industrial revolution. Companies are increasingly resorting to automation as a way of meeting anticipated quality standards, owing to the increase in the demand for various products because of globalization and population growth. Many companies implement process automation to enhance their productivity and increase profit margins. Considering these factors, companies benefit due to the enhancement in overall efficiency that automation brings.
Further, the report states that one of the major factors hindering the growth of this market is energy inefficiency in Venturi vacuum generators. For decades, air-driven, Venturi vacuum generators have offered a feasible and flexible solution for vacuum-powered systems. Although they offer the advantage of quick response times, the use of compressed air in their operation makes them energy inefficient. It is for this reason that products developed using this equipment mostly lack in energy efficiency for localized operations.
Festo, Parker Hannifin, Schmalz, SMC, A.M.C. Vacuum Solutions, Air-Vac Engineering, COVAL, DESTACO, EXAIR, Gast Manufacturing, Gardner Denver Thomas, HITOP Automation Machinery, Mazda, Piab, Provoast Automation Controls, Tuthill, Unijet Pneumatics, VACGEN, Vacuforce, YUEQING BETRE AUTOMATION.