Waterjet Robots 2019 Global Market Expected to Grow at CAGR 6.91 % and Forecast to 2024
WiseGuyRerports.com Presents “Global Waterjet Robots Market 2018-2022” New Document to its Studies Database
Pune, India – September 25, 2019 /MarketersMedia/ —
The waterjet robot refers to an industrial robot which is capable of cutting a vast variety of materials using a high-pressure jet of water or a mixture of water and an abrasive substance. Water cutting is generally used during fabrication of machine parts. It is a method of preference when the material is sensitive to high temperatures which are generated by other methods. Waterjet cutting has a wide scope of application in several end-user industries such as mining and aerospace for cutting, shaping, as well as reaming of materials and metals.
The global waterjet robots market is expected to witness fast-paced ascension during the forecast period, as per the latest report published by reporter. Mounting advancements in the waterjet robot hardware as one of the primary waterjets robots market drivers in the coming years. Owing to the growing technological advancements, several prominent market vendors have started focusing on the enhancement of waterjet robots to augment their offerings and gain a competitive advantage over their market peers. The robots are expected to have the potential for autonomous behavior with the integration of latest technologies and intelligence capabilities. Moreover, for attaining a simplification of data processing, major vendors are expected to enhance computing and communication capabilities.
Moreover, proliferating innovations in the water jet robot hardware is anticipated to increase the effectiveness of the multi-dimensional cutting and integration with smart factory solutions. Lower cost of sensors is continuously reducing due to the advent of waterjet cutter at lower prices.
Key Players
The global waterjet robots market boasts a presence of several distinguished vendors whose strategical actions impact the growth of the market. Such players are profiled in the report including including ABB, FANUC, Fiat Chrysler Automobiles, Kawasaki Heavy Industries, Midea, and Yaskawa Electric.
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Market Segmentation
The waterjet robots market is segmented on the basis of application, end-user, solution, and region. Based on application, the global waterjet robots market is segmented into cutting and cleaning. Based on end-user, the global market for waterjet robots is segmented into metal and machinery sector, aerospace and defense sector, and the automotive sector. Based on solutions, the global waterjet robots market is segmented into hardware, software, and services.
Detailed Regional Analysis
The global waterjet robots market is segmented into the regions of North America, South America, Asia Pacific, the Middle East & Africa, and Europe. Among these segments, the APAC region’s waterjet robots market is held the foremost share at the beginning of the review period. Asia Pacific is anticipated to lead the market for waterjet robots over the forecast period. The region is also anticipated to witness steady growth in the next five years. Such growth in the regional waterjet robots market is attributable to the prevalence of emerging economies in the region. Such countries include South Korea, India, Taiwan, China, and Australia which are increasingly adoption waterjet robots to satiate the various applicational needs created by the different end-user industries present in the region.
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