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Mobile Robot Charging Station Market size is set to grow by USD 817.9 million from 2024-2028, Reduced cost price of electronic components boost the market, Technavio

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NEW YORK, July 4, 2024 /PRNewswire/ — The global mobile robot charging station market size is estimated to grow by USD 817.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 40.15%  during the forecast period. Reduced cost price of electronic components is driving market growth, with a trend towards contactless charging. However, replacement cost of charging station  poses a challenge. Key market players include Clearpath Robotics Inc., DF Automation and Robotics Sdn Bhd, Festo SE and Co. KG, KUKA AG, Locus Robotics Corp., Mobile Industrial Robots AS, Neobotix GmbH, Nidec Corp., OMRON Corp., PAL Robotics, Paul Vahle GmbH and Co. KG, Robotnik Automation SLL, Shenzhen Tianyou Intelligence Co. Ltd., Singapore Technologies Engineering Ltd., SMP Robotics Systems Corp., Trossen Robotics, Volkswagen AG, WiBotic, Wiferion GmbH, and Zebra Technologies Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Mobile Robot Charging Station Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 40.15%

Market growth 2024-2028

USD 817.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

29.63

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 36%

Key countries

US, China, UK, Germany, and Japan

Key companies profiled

Clearpath Robotics Inc., DF Automation and Robotics Sdn Bhd, Festo SE and Co. KG, KUKA AG, Locus Robotics Corp., Mobile Industrial Robots AS, Neobotix GmbH, Nidec Corp., OMRON Corp., PAL Robotics, Paul Vahle GmbH and Co. KG, Robotnik Automation SLL, Shenzhen Tianyou Intelligence Co. Ltd., Singapore Technologies Engineering Ltd., SMP Robotics Systems Corp., Trossen Robotics, Volkswagen AG, WiBotic, Wiferion GmbH, and Zebra Technologies Corp.

Market Driver

Mobile robot charging stations are crucial for seamless operations in industrial and commercial settings. Traditional charging methods through stations cause delays due to extended downtime. To address this issue, contactless charging technology using capacitive power transfer (CPT) is gaining popularity. CPT reduces electromagnetic interference and ensures uninterrupted power supply to AMRs. This contactless charging facility eliminates the need for wired connections or contact with docking stations, enabling continuous power supply and uninterrupted robot performance. The global market for mobile robot charging stations is expected to experience significant growth due to these advancements. 

The Mobile Robot Charging Station market is experiencing significant growth, with various solutions and technologies in use. Charging stations for charing robots are essential for their efficient operation. Autonomous mobile robots require regular charging to function optimally. Carbon fiber reinforced plastic and aluminum materials are commonly used in the construction of these charging stations. The market includes stations for stationsary and transport robots. Docinking stations are also popular for quick charging. The market consists of companies providing mobility and automation solutions, robot manufacturers, and component suppliers. The trend is towards smaller, more efficient charging stations that can be easily integrated into various industrial settings. The use of undeground charging systems is also gaining popularity for its convenience and space-saving benefits. The market for charging stations is expected to continue growing as the adoption of robots increases across industries. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

•         Mobile robot charging stations are essential components of automated mobile robot (AMR) systems. These stations come in various configurations and power capacities to accommodate different AMR models. However, technical issues in charging stations can lead to replacement, increasing costs and hindering robot mobility. Multi-robot charging stations face larger-scale disruptions, impacting floor operations and requiring significant replacement expenses.

•         The Mobile Robot Charging Station market faces several challenges. Connectors and contacts in charging stations need to be reliable and durable for consistent performance. The size and weight of charging stations must be considered to ensure they can be easily transported and integrated into various environments. The cost of charging stations is also a concern, as businesses seek affordable solutions without compromising on quality. Additionally, the need for fast charging times and compatibility with various robot models adds complexity to the market. The use of advanced materials and technologies can help address these challenges, making charging stations more efficient, durable, and cost-effective.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This mobile robot charging station market report extensively covers market segmentation by  

Application 1.1 Industrial1.2 CommercialType 2.1 Stand-alone chargers2.2 Multi-robot chargersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Industrial-  The manufacturing, oil and gas, aerospace and defense, healthcare, and mining industries are increasingly utilizing Autonomous Mobile Robots (AMRs) for tasks that cannot be performed manually. Unmanned Ground Vehicles (UGVs) in manufacturing are self-navigating and require continuous charging. Docking stations transmit signals to guide AMRs to charging facilities, ensuring uninterrupted operations and contributing to the market growth for mobile robot charging stations.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Mobile Robot Charging Station market is experiencing significant growth due to the increasing adoption of mobile robots in various industries, including electric vehicles and autonomous vehicles. Charging stations and docking stations are essential components of mobile robot systems, enabling efficient and automated charging experiences. Multi-robot chargers and stand-alone chargers are two primary types of charging solutions, catering to different user requirements. Contactless charging technology is gaining popularity in this market due to its convenience and safety benefits. The growth of automation in industries and the expanding NEV market are key drivers for the Mobile Robot Charging Station market. Charging infrastructure development is a critical factor in the market’s growth, ensuring seamless integration and operation of mobile robots.

Market Research Overview

The Mobile Robot Charging Station market is a significant segment in the robotics industry, catering to the growing demand for automated solutions in various sectors. These stations enable uninterrupted operation of mobile robots by providing efficient charging mechanisms. Charging stations come in different designs, such as docking stations and wireless charging pads. They are essential for industries like manufacturing, logistics, healthcare, and agriculture, where mobile robots are extensively used. The market for these charging stations is driven by factors like the increasing adoption of automation, the need for round-the-clock robot operation, and advancements in charging technology. The market is expected to grow steadily in the coming years, offering opportunities for technology innovations and improvements in efficiency.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationIndustrialCommercialTypeStand-alone ChargersMulti-robot ChargersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Lightwave Logic Director Frederick Leonberger to Retire from Board of Directors and Transition to Company’s Advisory Board

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ENGLEWOOD, Colo., Jan. 2, 2025 /PRNewswire/ — Lightwave Logic, Inc. (NASDAQ: LWLG) announced today that Dr. Frederick J. Leonberger will transition from the Company’s Board of Directors to the Company’s Advisory Board following his retirement from the Board on December 31, 2024. Dr. Leonberger’s retirement marks the conclusion of a distinguished eight-year tenure on the Board.

“On behalf of the entire Board of Directors, I would like to thank Fred for his outstanding service and counsel to Lightwave Logic over the past eight years,” said Ronald Bucci, Chairman of the Board. “We are deeply grateful for Fred’s commitment to our future success and appreciate his willingness to advise the Company as a member of our Advisory Board. We wish Fred all the best in his retirement.”

About Lightwave Logic, Inc.
Lightwave Logic, Inc. (NASDAQ: LWLG) www.lightwavelogic.com is a technology platform company leveraging its proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor. The Company’s high activity and high stability organic polymers allow it to create next-generation photonic EO devices that convert data from electrical signals into light/optical signals for applications in telecommunications, and for data transmission potentially used to support generative AI.

Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, lack of available funding; general economic and business conditions; competition from third parties; intellectual property rights of third parties; regulatory constraints; changes in technology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer order patterns; changes in product mix; success in technological advances and delivering technological innovations; shortages in components; production delays due to performance quality issues with outsourced components; those events and factors described by us in Item 1. A “Risk Factors” in our most recent Form 10-K and 10-Q; other risks to which our company is subject; other factors beyond the company’s control.

Contacts:
Ryan Coleman or Nick Teves
Alpha IR Group for Lightwave Logic
lwlg@alpha-ir.com
312-445-2870

View original content to download multimedia:https://www.prnewswire.com/news-releases/lightwave-logic-director-frederick-leonberger-to-retire-from-board-of-directors-and-transition-to-companys-advisory-board-302341640.html

SOURCE Lightwave Logic, Inc.

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Grace-Based Films Announces National Week of Hope Inspired by Documentary “A Case for Love”

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LOS ANGELES, Jan. 2, 2025 /PRNewswire/ — Grace-Based Films, a nonprofit film production company that produced the national hit documentary A Case for Love (www.acaseforlovemovie.com), is excited to announce the National Week of Hope, beginning on January 19th during the week of the US presidential inauguration. 

 

Individuals and organizations nationwide are invited to host film screenings in their communities, joining others who are fostering meaningful conversations during these challenging times. These screenings aim to inspire solidarity and promote constructive dialogue centered on love, compassion, and community, helping bridge divisions in our world.

A Case for Love has been seen by audiences across the United States and has served as a tool to engage in critical dialogues about how Americans might be able to see and accept the “others” in their lives with love and humanity. Churches, temples, schools, community centers, colleges and other organizations have used the film as a vehicle for discussion and learning.

A Case for Love is now available to rent or purchase on most streaming and cable platforms — including iTunes, Amazon, Vudu, DISH, DirecTV and other online retailers. National reactions to the film and testimony of its impact are available at https://acaseforlovemovie.com/response/.

Grace-Based Films (www.gracebasedfilms.org), a Los Angeles-based company, is dedicated to telling stories that work for 21st-century audiences. It’s the company’s mission to take people wherever they are in life’s messiness, remind them that they are always loved, and help them grow closer to themselves and their community.

To learn more about A Case for Love, the National Week of Hope, or Grace-Based Films, visit www.gracebasedfilms.org or contact:  media@gracebasedfilms.org.

Contact:
Brian Ide
President
Grace-Based Films
brian.Ide@gracebasedfilms.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/grace-based-films-announces-national-week-of-hope-inspired-by-documentary-a-case-for-love-302341620.html

SOURCE Grace-Based Films, Inc.

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LG REVEALS MULTIFUNCTIONAL 3-IN-1 PROJECTOR COMBINING LIGHTING AND SPEAKER AT CES 2025

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Company Redefines Space Efficiency and Versatility With Innovative Lifestyle Projectors: CES Award-winning 3-in-1 and Most Compact 4K UST Model Yet

ENGLEWOOD CLIFFS, N.J., Jan. 2, 2025 /PRNewswire/ — LG Electronics (LG) is reinforcing its reputation as a top provider of lifestyle projectors with the introduction of two brand-new models at CES 2025. Raising the bar for the lifestyle projector category, LG’s “new-concept” models are designed to deliver maximum space efficiency. The CES Innovation Award-winning PF600U is a versatile device that seamlessly combines a projector with a Bluetooth speaker and LED mood lamp, while the CineBeam S (model PU615U) has the distinction of being LG’s smallest-ever 4K Ultra Short Throw (UST) projector. Worthy successors to 2024’s popular LG CineBeam Q, the innovative, new models boast exceptional picture quality, design and ease-of-use; making them the ideal lifestyle companions for modern consumers.

PF600U: A Versatile 3-in-1 Lifestyle Companion for Everyday Spaces
The groundbreaking PF600U, a CES Innovation Award honoree, transforms living spaces with its multifunctionality. Serving as a projector, Bluetooth speaker and LED mood lamp, it can tailor any room’s ambiance to the user’s preferences. Whether enjoying a private theater, soothing visuals or a mood-lit listening session, it effortlessly curates a distinctive experience that enriches the moment.

Inspired by a floor lamp, the stand-pole design ensures intuitive usability and effortless integration into any space. It features FHD (1,920 x 1,080) resolution, 300 ANSI lumens of brightness and seamless OTT streaming via LG webOS for premium entertainment. Its stereo speakers with passive radiators offer rich and immersive sound, while the LED mood lamp enhances ambiance with nine colors and five brightness levels. Courtesy of its 110-degree tilting head and auto screen adjustment function, the extremely versatile companion supports a wide range of activities, from solo movie nights to immersive music sessions with friends.

CineBeam S: Compact 4K UST Projector Creates Freedom for Interior Design
The CineBeam S is LG’s smallest 4K UST projector, combining premium image quality with a sleek, compact and lightweight design that enables exceptional portability. Despite its compact size, it delivers stunning 4K UHD (3,840 x 2,160) resolution and 500 ANSI lumens of brightness, producing vivid, lifelike visuals with 154 percent coverage of the DCI-P3 color space. Its ultra-short throw capability projects images ranging from 40- to 100-inches with just a few inches of wall clearance, maximizing space utilization without compromising on immersion.

Featuring a minimalistic metallic finish, the CineBeam S blends effortlessly into modern interiors while its rich and immersive sound comes courtesy of its built-in stereo sound system with Dolby Atmos. Powered by LG webOS, it provides easy access to popular streaming platforms. Intuitive features, such as Auto Screen Adjustment, Wall Color Adjustment and Screen Scaling/Shifting, ensure stress-free setup and optimal screen alignment, adapting to various room configurations and wall surfaces.

“With the PF600U’s 3-in-1 versatility and the CineBeam S’s compact, ultra-short throw design, LG is setting a new standard for lifestyle projectors that cater to diverse spaces and user demands,” said YS Lee, vice president and head of the IT Business Unit, LG Media Entertainment Solution Company. “LG is dedicated to delivering versatile projectors that adapt to different moods and lifestyles while seamlessly integrating into various environments, elevating the everyday experiences of modern users.”

Specifications:

PF600U

PU615U

Resolution

FHD (1,920 x 1,080)

4K UHD (3,840 x 2,160)

Brightness

300 ANSI Lumens

500 ANSI Lumens

Contrast Ratio

150,000:1

450,000:1

Size (W x D x H)

290 x 290 x983

110 x 160 x 160mm

Weight

7.5kg

2.5kg

Light Source

LED (RGBB)

Laser (RGB)

Projection
Lens

Screen Size

30 – 120 inches

40 – 100 inches

Throw
Ratio (Min.)

1.2

0.25

HDR

HDR, HLG

HDR 10, HLG

Speaker

Stereo sound (Passive Radiator x 2)

Stereo sound with Dolby Atmos

Keystone

Auto Screen Adjustment

Auto Screen Adjustment

Platform

webOS

webOS

Wireless

Android / iOS

Android / iOS

Inputs

HDMI, USB Type-C

HDMI, USB Type-C

About LG Electronics USA

LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $68 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, and vehicle components. LG is an 11-time ENERGY STAR® Partner of the Year. The company’s commitment to environmental sustainability and its “Life’s Good” marketing theme encompass how LG is dedicated to people’s happiness by exceeding expectations today and tomorrow. For more information, visit www.LG.com.

Media Contacts:

LG Electronics USA

LG Electronics USA  

Chris De Maria

Christin Rodriguez    

christopher.demaria@lge.com

christin.rodriguez@lge.com

LG-One

LGHEUS@LG-One.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/lg-reveals-multifunctional-3-in-1-projector-combining-lighting-and-speaker-at-ces-2025-302341621.html

SOURCE LG Electronics USA

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