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The mobile robot charging station market is estimated to grow by USD 358.94 million at a CAGR of 28.08% between 2022 and 2027. The growth of the market depends on several factors, including reduced cost price of electronic components, increasing adoption of factory automation and industry 4.0, and reduced cost price of electronic components and solar-energy fuelled. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The market share growth of the industrial segment will be significant during the forecast period. Industries such as manufacturing, oil and gas, aerospace and defense, healthcare, and mining and minerals are deploying AMRs on a large scale for applications that cannot be completed manually. AMRs are used for assignments that include land inspection, fuel and gas leakage inspection, underwater operations, and rescue operations. This large-scale industrial application will facilitate market growth during the forecast period.
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The industrial segment was valued at USD 41.69 million in 2017 and continued to grow until 2021. Unmanned ground vehicles (UGV) are used in manufacturing industries where the transfer of tools and products is accomplished using AMRs. These are self-sufficient and decide their path of navigation and ultimately reach the target. The operations on the shop floor are tedious and continuous, which requires the continuous engagement of these, which leads to power loss. Therefore, the shop floors are equipped with charging or docking stations.
The reduced cost price of electronic components is notably driving the growth, although factors such as the replacement cost of these may impede the growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Driver
The reduced cost price of electronic components is notably driving the growth. The usage of AMRs has been seen in numerous industrial and commercial applications as microelectronics, nanotechnology, and wireless communication technologies have advanced. These operate on and around the shop floors and have access to a self-contained charging station. The cost of electronic components, like infrared sensors and cameras, has significantly decreased, which has accelerated the expansion of the global market.
The extensive development is a result of the high adoption of AMRs in the industry. Because of the fierce rivalry among suppliers, component prices will decrease during the forecast period as the rate of installation grows. Thus the reduced price of the electric components will positively impact the growth of the global market in focus during the forecast period.
Market Trends
Contactless charging is the primary trend in the market. In commercial and industrial applications, AMRs are employed for continuous operations. For smooth operations on the shop floor, the docking or charging station must provide support. Some AMRs operate continually in industries, necessitating a steady source of power. These are designed to operate on a predetermined metallic track that has capacitive power transferring (CPT) equipment. Inductive power transfer (IPT) was once employed to ensure a steady supply of power, but it has since been shown that electromagnetic interference causes the power supply to fail. To solve this issue, CPT has been introduced. CPT lessens electromagnetic interference during power supply and ensures that it receives constant power. This is sometimes referred to as contactless AMR charging.
These do not need any wired connection or contact with the docking station. This facility provides a continuous power supply and assists them in working constantly. Thus, the industry in focus is expected to witness high growth during the forecast period.
Major Challenge
The replacement cost of charging stations is the major challenge impeding growth. AMRs can function at various power capacities and come in a variety of configurations. According to various configurations and the power capacity needed for recharging, these are created. This is because it occasionally experiences technical issues or malfunctions that may make charging more difficult.
These must be replaced as alternative chargers might not be able to handle an AMR. This affects the portability of these and raises the cost of the charging stations as a whole. Similar to how the multi-robot charging robot station's technical failure will hamper the ability of multiple robots to charge, this will significantly impact floor operations. As a result, situations like this raise the price of replacing these stations.
Key Customer Landscape
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Clearpath Robotics Inc. - The company offers the Husky UGV Wireless Charging Kit. This segment focuses on manufacturing industrial robot research and development applications and offers guidance, navigation, control, perception, military engineers, educational mobile robots, hardware components, and computer scientists.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The region has extensively implemented AMRs in various end-user industries, including oil and gas, defense, and hospitality. Factory automation with the implementation of these technologies resulted in the growth of these in the region. The growing investments in innovation and R&D by governments, private sectors, and academia on the exploration of these technology will further propel the growth in the region during the forecast period.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027. The market has been segmented by Application (Industrial and Commercial), Type (Stand-alone chargers and Multi-robot chargers), and Geography (North America, Europe, APAC, Middle East and Africa, and South America).
The Market is experiencing rapid growth driven by the increasing adoption of electric vehicles (EVs) and the need for innovative charging solutions. These stations are equipped with autonomous driving technology and utilize ML & AI (artificial intelligence) algorithms for efficient operation.
Advanced features such as automatic payment processing and autonomous vehicle detection enhance user experience, while smart charging spaces with wireless charging capabilities offer convenience. The sustainability aspect is also emphasized, with greener transportation solutions incorporating energy-efficient designs and materials. The integration of renewable energy solutions like wind turbines and solar panels, along with energy management systems that optimize charging during off-peak hours to reduce grid loads, ensures efficient electricity usage. Overall, the Mobile Robot Charging Station Market is driving the transition towards sustainable transportation infrastructure.
Mobile Robot Charging Station Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 28.08% |
Market growth 2023-2027 |
USD 358.94 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
26.51 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 34% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Clearpath Robotics Inc., Festo SE and Co. KG, KUKA AG, OMRON Corp, Singapore Technologies Engineering Ltd., Volkswagen AG, Zebra Technologies Corp., DF Automation and Robotics Sdn Bhd, Locus Robotics Corp., Mobile Industrial Robots AS, Neobotix GmbH, Nidec Corp., PAL Robotics, Paul Vahle GmbH and Co. KG, Robotnik Automation SLL, Shenzhen Tianyou Intelligence Co. Ltd., SMP Robotics Systems Corp., Trossen Robotics, WiBotic, and Wiferion GmbH |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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