ROBOTICS AND AUTOMATION ACTUATORS MARKET ANALYSIS

Market Challenges And Opportunities

However, the formulation and stringent implementation of various regulations to ensure reduced power consumption & increased the safety is expected to restrain growth of the global robotics and automation actuators market during forecast period.

Moreover, high installation and operational cost of robotics and automation actuators is projected to hamper growth of the global robotics and automation actuators market during the forecast period. Maintenance and operating costs include, an air-line installation and maintenance, replacement cylinder costs, and electricity for the compressor. According to the U.S. Department of Energy, in 2018, around 24% of the annual cost of compressed air is due to cost of equipment, maintenance, and installation, while 76% is due to the cost of electricity for compressor.