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

LONDON–(BUSINESS WIRE)–#Research–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.

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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.”

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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.

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