Global Industrial Robots Power Supply Systems Market 2017-2021

Overview of the global industrial robots power supply systems market

Research analysis on the global industrial robots power supply systems market identifies that adoption of inverter power sources for welding applications will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of nearly 10% by 2021. To enhance the efficiency of industrial robots for welding applications, end-users are preferring inverter power sources as indispensable options since they can be seamlessly integrated with industrial robots. Vendors in the industrial robots power supply systems market have introduced inverter power sources that enable efficiency in applications such as pulsed MIG welding, TIG welding, and plasma welding. Additionally, they are also incorporating interconnected and fully synchronized components for welding applications using industrial robots. With the growing popularity, more players will focus on strengthening their market positions by incorporating innovative features in their offerings.

The increasing utilization of welding robots in the automotive industries is one of the latest trends that will gain traction in the industrial robots power supply systems market. The automotive industry is a major user of welding robots and in the coming years, the industry will increasingly adopt spot and arc welding robots especially for applications on chassis structures that require high-stress capacities. This will in turn, influence the need for inverter power systems, fueling market growth.

Competitive landscape and key vendors