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According to a new market research report conducted by Technavio, the global renewable energy equipment manufacturing industry market demand for robots is expected to grow at a CAGR of more than 6%
during the period 2018-2022.
With the growing focus on sustainability and environmental protection, countries across the globe will drive the development of green energy sources such as solar photovoltaic, wind power, geothermal energy, bioenergy and hydropower by 2022, and the increase in renewable energy is the major driver
for the growth in demand for this market.
The Paris Agreement, launched in 2015, and the UN General Assembly's Sustainable Energy for All Sustainable Development Goals (SDG 7) initiative both aim to reduce carbon footprints and combat climate change, aiming to reduce greenhouse gas (GHG) emissions
.
According to Technavio, Senior Analyst of Robotics Research, "Renewable energy equipment manufacturers will see considerable growth opportunities
in the robotics market during the forecast period due to the adoption of green technologies on a commercial scale.
" ”
Currently, suppliers are developing simulation software for programming robots, which includes features
to make programming worry-free.
Suppliers also offer software packages for programming applications for controlling domain-specific tasks such as handling, welding and assembly lines as well as superior tasks such as coordinating 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 meet production needs while minimizing capital cost increases
.
Improvements in software facilities are expected to positively impact the growth of the robotics market in the global renewable energy equipment manufacturing industry
.
In terms of geography, Asia Pacific is the largest regional market, accounting for 54%
of the global market share in 2017.
EMEA is the second largest market revenue contributor, with a share of more than 26%
in 2017.
However, suppliers face significant challenges in Europe due to the fragmentation of the market, where suppliers must adapt their products
to country-specific regulations.
According to a new market research report conducted by Technavio, the global renewable energy equipment manufacturing industry market demand for robots is expected to grow at a CAGR of more than 6%
during the period 2018-2022.
With the growing focus on sustainability and environmental protection, countries across the globe will drive the development of green energy sources such as solar photovoltaic, wind power, geothermal energy, bioenergy and hydropower by 2022, and the increase in renewable energy is the major driver
for the growth in demand for this market.
The Paris Agreement, launched in 2015, and the UN General Assembly's Sustainable Energy for All Sustainable Development Goals (SDG 7) initiative both aim to reduce carbon footprints and combat climate change, aiming to reduce greenhouse gas (GHG) emissions
.
According to Technavio, Senior Analyst of Robotics Research, "Renewable energy equipment manufacturers will see considerable growth opportunities
in the robotics market during the forecast period due to the adoption of green technologies on a commercial scale.
" ”
Currently, suppliers are developing simulation software for programming robots, which includes features
to make programming worry-free.
Suppliers also offer software packages for programming applications for controlling domain-specific tasks such as handling, welding and assembly lines as well as superior tasks such as coordinating 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 meet production needs while minimizing capital cost increases
.
Improvements in software facilities are expected to positively impact the growth of the robotics market in the global renewable energy equipment manufacturing industry
.
In terms of geography, Asia Pacific is the largest regional market, accounting for 54%
of the global market share in 2017.
EMEA is the second largest market revenue contributor, with a share of more than 26%
in 2017.
However, suppliers face significant challenges in Europe due to the fragmentation of the market, where suppliers must adapt their products
to country-specific regulations.
