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Robotics Market: Logistics Expansion Drives 135.68 billion by 2031 Warehouse Automation Boom | SkyQuest Technology

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WESTFORD, Mass., June 24, 2024 /PRNewswire/ — As per SkyQuest, the Global Robotics Market size was valued at USD 34.06 billion in 2022 and is poised to grow from USD 39.71 billion in 2023 to USD 135.68 billion by 2031, growing at a CAGR of 16.60% during the forecast period (2024-2031).

Robots have been incorporated into manufacturing processes to increase productivity and improve the quality of associated vehicles. Digitization and the Industry 4.0 revolution are forcing the growth of automation in companies to use advanced automated solutions such as robotics and control systems to enhance their production processes. Robotics uses many key elements of Industry 4.0, including connectivity and data included. Siemens recently entered a joint venture with Google Cloud integrating Google Cloud’s data cloud and artificial intelligence/machine learning technology with Siemens’ factory automation solutions.

Download a detailed overview:

https://www.skyquestt.com/sample-request/robotics-market

Robotics Market Overview: 

Report Coverage 

Details 

Market Revenue in 2023 

$ 39.71 billion 

Estimated Value by 2031 

$ 135.68 billion 

Growth Rate 

Poised to grow at a CAGR of 16.60% 

Forecast Period 

2024–2031 

Forecast Units 

Value (USD Billion) 

Report Coverage 

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends 

Segments Covered 

Type, Application, Purpose and End-user

Geographies Covered 

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights 

Updated financial information / product portfolio of players 

Key Market Opportunities 

Government initiatives and fundings

Key Market Drivers 

Increasing Adoption of Robots in the Logistics Sector

Segments covered in Robotics Market are as follows:

TypeIndustrial Robotics, Services RoboticsApplicationDisinfection, Shelf Scanning, Delivery, Security & Inspection, Advertising, Manufacturing, OthersPurposeDomestic Purpose, Professional PurposeEnd-userAutomotive, Logistics & Transportation, Agriculture, Chemical, Healthcare, Entertainment, Electric, Domestic Service, Others

Request Free Customization of this report:

https://www.skyquestt.com/speak-with-analyst/robotics-market

Boston Dynamics

Boston Dynamics is a pioneer in advanced robotics, known for its sophisticated humanoid and quadruped robots. The company focuses on building robots with sophistication, dexterity and mobility, pushing the limits of what a robot can do. 

Strategies 

Commercialization: A shift from research sampling to commercial products, targeting industries such as logistics and manufacturing. 

Advanced mobility: Investing heavily in research and development to develop robots that can move at high speeds and navigate difficult terrain. 

Collaborative Robots: Examines how robots are integrated into human workflows, with an emphasis on safety and efficiency. 

Recent News 

Expanding Spot Applications (2023): Boston Dynamics has expanded the applications of its Spot robot, including remote monitoring and logistics support.

Contribution 

Boston Dynamics’ innovations in Dynamic Robotics have dramatically improved the capabilities of robots in a variety of industries. 

iRobot

iRobot Corporation is a leading consumer robot company, known for its Roomba autonomous vacuum cleaner and Braava robotic mops.

Recent News 

Roomba j7+ (2023) launched: Roomba j7+ will be introduced with advanced AI navigation and obstacle avoidance capabilities, providing more efficient cleaning and user convenience.

Strategies 

Customer Insight: Constantly innovating to improve the functionality and user experience of their robotic vacuum cleaners and mops. 

Expansion into smart homes: By integrating their robots into the smart home ecosystem, users can remotely control and manage their devices. 

Diversify: Look for opportunities beyond vacuuming and mopping, such as robotic lawn mowers and pool cleaners. 

Contribution 

iRobot Corporation popularized consumer robots, making robots a common sight in homes around the world. Their focus on user-friendly design and practical features has accelerated the adoption of robots in everyday life.

ABB Robotics

ABB Robotics is a global leader in industrial robotics, providing automation solutions for manufacturing processes and industrial processes. The company offers a wide range of robots and robotic systems to fit the needs of specific industries.

Strategies 

Industrial Automation: Provision of robotic solutions for a variety of manufacturing processes, including assembly, welding, painting and material handling. 

Collaborative Robots: Collaborative robots (cobots) that can work with humans, increasing flexibility and productivity in manufacturing facilities.

Digitization: Integrating robots with digital technologies such as IoT, AI and cloud computing to enable predictive maintenance and optimize production.

Recent News 

Collaborative robot portfolio expansion: ABB has introduced new cobot models with improved safety features and payload capabilities, which take care of a wide range of products.

Partnering for Industry 4.0: Collaborate with other technology companies to develop integrated solutions for Industry 4.0 initiatives, such as smart workplaces and digital twins. 

Contribution 

ABB Robotics has revolutionized industrial automation, enabling manufacturers to improve productivity, quality and safety. Their innovative robotic solutions play a key role in the transition to simpler and more efficient manufacturing.

Universal robots

Universal Robots is a pioneer in collaborative robotics, specializing in lightweight and easy-to-use robotic arms designed to work with human workers. The company focuses on empowering businesses of all sizes to automate routine tasks to increase productivity. 

Strategies

Cobots for Small and Medium Enterprises (SMEs): They offer affordable and flexible cobots that are easy to use and program, meeting the needs of SMEs with limited automation expertise.

Application flexibility: Cobots are built with versatile end-effectors and modular design, allowing rapid adaptation for different tasks and workflows.

Recent News

UR10e announced (2022): Universal Robots launched the UR10e cobot, expanding its portfolio with a larger robot to handle heavier loads and larger tasks

Expansion in Education (2021): Universal Robots partnered with educational institutions to provide cobots for robotics training and education programs.

Contribution 

Universal Robots has democratized robotics by making automation accessible to SMEs, empowering them to improve productivity and competitiveness through flexible and cost-effective robotic solutions.

Kuka Robotics

KUKA Robotics is a leading industrial robotics and automation company, known for its high-performance robotics and innovative solutions.

Strategies 

Smart Factory Solutions: They provide integrated automation solutions for smart factories and Industry 4.0 environments. 

Robotic Systems Integration: Provide turnkey robotic systems and integration services for various industries, including automotive, aerospace, and logistics.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/robotics-market

Recent News

Launch of the KR QUANTEC Series (2023): KUKA introduced the KR QUANTEC series of next-generation industrial robots, featuring improved productivity, accuracy and flexibility.

Contribution 

KUKA Robotics leads the way in industrial automation, driving innovation with its advanced robotic solutions and system integration expertise, helping to increase efficiency and productivity in manufacturing and beyond.

Robotics Revolution: Pioneering Tomorrow’s Automated World 

Robotics and AI truly have the potential to transform our world, helping us navigate a rapidly changing future with greater confidence and optimism. Whether we embrace or resist this emerging technology, it will continue to play an increasingly important role in all our lives. 

While most humanoid robots remain in science fiction, robotic machines are all around us. These technological innovations are already helping us in many aspects of life and could change our future.

Related Reports:

Service Robotics Market

Delivery Robots Market

Warehouse Robotics Market

Smart Robot Market

SCARA Robot Marketv

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 

Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

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EcoCharge® and Balancell Partner to Drive Energy Efficiency in Africa with Advanced and Stable Charging Technologies

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CHRISTCHURCH, New Zealand, Sept. 24, 2024 /PRNewswire/ — Two advanced energy solutions companies are announcing a multi-year partnership to support the growing demand for reliable and efficient charging solutions across the African market. The IDEAL Industries, Inc. brand EcoCharge by Enatel®, a global leader in battery charging technologies, is supplying charging technology to Balancell, a cutting-edge battery manufacturer and energy supplier.

Empowering Africa’s Energy Transition

Africa is experiencing a dynamic shift toward sustainable energy and electric mobility. Global banks and investors funded $76.04 billion in solar, hydropower, and wind projects across Africa from 2012 to 2021. The investments supported renewable energy developments like Kenya’s Lake Turkana Wind Power Project, a $1.095 billion wind farm that boosted their total electricity supply by 13%. Electrification is also rising; Africa’s electric vehicle market is expected to nearly double between 2021 and 2027.

However, more work remains. Africa attracts less than 5% of the world’s energy investments, using only 11% of its hydropower potential and 0.01% of its wind potential. Over 40% of Africans still lack access to electricity.

To advance battery charging solutions in Africa, Balancell will leverage charging technologies from EcoCharge to electrify the African material handling fleet. This initiative will help reduce CO2 emissions and enhance charging efficiency.

“We are thrilled to be part of the renewable energy transition in Africa,” said Enatel General Manager Mike Clifford. “By partnering with Balancell, we are matching a leading-edge battery design with an advanced charger. We’re confident this winning combination will help our customers achieve faster charging, less energy waste, and higher performance.”

Partnering for Growth and Sustainability

Under the agreement, EcoCharge will supply Balancell with a range of chargers that meet the challenging needs of the African market, such as unstable electrical grids and harsh environments. These advanced chargers will be integrated into Balancell’s advanced industrial batteries, providing the perfect match for optimal energy management and control.

“Partnering with EcoCharge allows us to offer our customers superior charging solutions that are both innovative and sustainable,” said Paul Osborne, Director and Chief Financial Officer of Balancell. “This collaboration enhances our ability to deliver comprehensive energy solutions that support Africa’s transition to cleaner, more sustainable energy sources.”

Driving Innovation

EcoCharge chargers are known for their durability, efficiency, and adaptability, making them suitable for deployment in diverse and sometimes challenging environments across Africa. This partnership with Balancell not only strengthens the product offerings available to the African market but also underscores the EcoCharge commitment to continued innovation and investment in sustainable energy solutions.

To learn more about the transition to sustainable energy, visit: https://www.EcoCharge.net/

About EcoCharge®
EcoCharge leads the battery charging market with a range of high-quality products, including single phase chargers, three phase chargers and BMM’s. They are designed and manufactured in New Zealand to ISO9001 standards and carry global compliance marks.

About Enatel®
Enatel is a world leader in power conversion and battery charging technology based in Christchurch, New Zealand. The company specializes in developing high-efficiency and sustainable charging solutions for a variety of applications.

To learn more about the transition to sustainable energy, visit: https://www.enatel.net/

About IDEAL INDUSTRIES, INC.
IDEAL INDUSTRIES, INC. is a global, diversified 108-year-old family-owned business that designs and manufactures superior products for the electrical, power management and industrial charging industries.

For more information, visit www.idealindustries.com.

About Balancell
Balancell is a leading provider of energy solutions, with a focus on lithium-ion battery technology and energy management systems. Headquartered in Cape Town, Balancell serves a diverse range of industries, including telecommunications, renewable energy, and electric vehicles.

View original content:https://www.prnewswire.com/apac/news-releases/ecocharge-and-balancell-partner-to-drive-energy-efficiency-in-africa-with-advanced-and-stable-charging-technologies-302254810.html

SOURCE IDEAL Industries

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Global Digital Health Leaders Converge in Seoul for HIMSS24 APAC Conference

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SEOUL, Korea, Sept. 24, 2024 /PRNewswire/ — The 2024 HIMSS Asia Pacific Health Conference & Exhibition, one of the most influential digital health conferences in the APAC region, will be hosted for the first time in Seoul, Korea. The conference will take place from 1 – 4 October at the Coex Convention & Exhibition Center.

The HIMSS24 APAC Conference will bring together healthcare experts and innovators from around the world to collaborate and exchange ideas and insights that will help shape the future of healthcare. 

The conference presents a unique opportunity for attendees to hear from world-renowned experts, network with leading healthcare executives and professionals, and learn about cutting-edge developments and technologies addressing critical issues such as artificial intelligence, cybersecurity, interoperability, and data analytics.

Produced in partnership with Messe Esang, Korea’s largest exhibition company, the HIMSS24 APAC Conference will feature visionary keynotes, interactive demonstrations, and a digital health technology exhibition that will illuminate cutting-edge health tech topics, enhance knowledge, and foster innovation.

Through a partnership with the Korean Hospital Association, attendees of the HIMSS APAC conference will have complimentary access to the K-Hospital + Healthtech Fair, the largest healthcare exhibition in South Korea.

Sessions catered to HIMSS24 APAC’s four learning tracks on artificial intelligence, smart hospitals, cybersecurity, and innovations will include fireside chats, real-world case studies, demonstrations, and more. Exclusive to HIMSS24 APAC, attendees can also experience advanced medical systems and management practices shaping the future of global healthcare with guided tours of leading hospitals in Korea

The HIMSS APAC Conference follows the memorandum of understanding signed by HIMSS, the Korea Hospital Association (KHA), and the Korea Health Information Services (KHIS) on May 17, 2024.

HIMSS (Healthcare Information and Management Systems Society) is a global advisor, thought leader, and member-based society committed to reforming the global health ecosystem through the power of information and technology. As a mission-driven nonprofit, HIMSS offers a unique depth and breadth of expertise in health innovation, public policy, workforce development, research, and digital health transformation to advise leaders, stakeholders, and influencers across the global health ecosystem on best practices.

Click here to register or learn more about HIMSS24 APAC.

Journalists interested in attending the conference can contact HIMSS to receive complimentary press credentials.

Contact:

Albe Zakes
HIMSS Communications Director
Email: albe.zakes@himss.org
Phone: +1.267.221.4800

Sukhjit Singh
Senior Director, HIMSS APAC
Email: Sukhjit.Singh@himss.org
Phone: 65.6664.1187

 

View original content:https://www.prnewswire.com/apac/news-releases/global-digital-health-leaders-converge-in-seoul-for-himss24-apac-conference-302256242.html

SOURCE HIMSS-HEALTHCARE INFORMATION AND MANAGEMENT SYSTEMS SOCIETY

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EDC expands Indo-Pacific presence with a new representation in Japan

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Tokyo hub in key “gateway to Asia” nation will better support Canadian exporters

OTTAWA, ON and TOKYO, Sept. 24, 2024 /PRNewswire/ — Today, Export Development Canada (EDC) announced the opening of its new representation in Tokyo, Japan. This marks EDC’s ninth Indo-Pacific representation, reaffirming the organization’s commitment to helping Canadian companies diversify into higher-growth markets.

As the world’s fourth-largest economy and fifth-largest export destination for Canada in 2023 (accounting for 1.9% of national exports), Japan presents a wealth of opportunities for Canadian exporters of all sizes. Boasting a trusted free market and a strong business and a regulatory environment supported by democratic institutions, the country serves as a strategic launchpad offering exporters easier entry into the region and subsequently into other Indo-Pacific markets. EDC’s Tokyo representation will serve as a vital hub, offering on-the-ground support, market insights and tailored financial services to Canadian companies.

Japan is a key trading partner for Canada, and our countries enjoy deep economic and trade relations spanning 95 years,” said Mairead Lavery, President and CEO, EDC. “With Japan’s reliance on imports, the opportunities for Canadian exporters— particularly in sectors like cleantech, agriculture, and bioscience—are too big to ignore. This representation will offer on-the-ground support necessary for Canadian businesses to capitalize on emerging opportunities and succeed in the Japanese market.” 

In 2023, Japanese foreign direct investment (FDI) stock into Canada reached $49.3 billion, solidifying its role as the leading source of FDI from the Indo-Pacific and third largest worldwide, according to Global Affairs Canada. Additionally, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), in force since 2018, continues to provide Canadian investors with access to Japanese markets by having eliminated or reduced tariffs on most key Canadian exports to the country.

The Honourable Mary Ng, Minister of Export Promotion, International Trade and Economic Development, welcomed the announcement: “Canada’s longstanding economic and trading partnership with Japan reflects the powerful collaboration between our two countries that benefits Canadian and Japanese people alike. EDC’s new Tokyo representation is a testament to the enduring economic relationship between Canada and Japan and will play a crucial role in supporting Canadian businesses in the Indo-Pacific. I look forward to seeing our trade and investment relationship advance further through these new collaborations.”

George Monize, EDC’s Managing Director and Head of the Indo-Pacific emphasized the strategic importance of Japan for Canadian companies: “Japan has many of the critical elements for Canadian exporters’ expansion in this region. But to really thrive here—strong relationships are key. And that is why we are here, getting to know the market inside and out to forge the connections Canadian companies need to grow and succeed. The Tokyo representation will work closely with our established Singapore hub—harnessing our learnings, experience and networks to ensure we have the right recipe of support in place for Canadian businesses.”

With efforts led by EDC’s Chief Representative, Jean-Bernard Ruggieri, the Tokyo office will collaborate closely with local agencies, government and partners in Japan to navigate market complexities and facilitate business opportunities for Canadian companies. Tokyo complements EDC’s existing representations in Delhi, Mumbai, Shanghai, Beijing, Sydney, Jakarta, Seoul, and Singapore.

About EDC 

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger and sustainable economy for all Canadians. For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit www.edc.ca

Media Contact: Media | Export Development Canada, 1-888-222-4065, media@edc.ca 

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