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The mobile robot charging station market size is forecast to increase by USD 817.9 million at a CAGR of 40.15% between 2023 and 2028. The growth of the market relies on several factors, including the reduced cost price of electronic components, increasing adoption of factory automation and Industry 4.0, and the reduced cost price of electronic components and solar-energy-fueled solutions. The declining cost of electronic components makes technology more accessible, fostering innovation and market expansion. The widespread adoption of factory automation and Industry 4.0 initiatives enhances operational efficiency and productivity, driving demand for related technologies and solutions. Additionally, the decreasing cost of electronic components and the integration of solar-energy solutions contribute to sustainability and cost savings, further fueling market growth.
It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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The market is experiencing rapid expansion alongside automation growth in various industries like warehousing, logistics, and material handling. With the increasing adoption of electric vehicles and autonomous vehicles, the demand for charging solutions specifically designed for mobile robots is on the rise. Leveraging ML and AI algorithms, companies are developing innovative charging experiences and NaaS Technology to cater to the evolving needs of the NEV market. As businesses focus on reducing carbon emissions, efficient charging infrastructure and charging connectors play a crucial role in optimizing material transportation and enhancing inventory management within assembly lines and order-picking operations. Our researchers analyzed the market research and growth data with 2023 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 Market 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.
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.
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.
The market forecasting 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 market growth and forecasting strategies.
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.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 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.
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 50.80 million in 2018. 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.
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APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market growth and trends 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 this technology will further propel the growth in the region during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Robotic Vacuum Cleaner Market: Robotic Vacuum Cleaner Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast
Autonomous Mobile Robots Market: Global Autonomous Mobile Robots Market by End-user, Component, and Geography - Forecast and Analysis
Residential Robotic Vacuum Cleaner Market: Residential Robotic Vacuum Cleaner Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast
The market is witnessing significant growth fueled by the expanding robotic industry and the development of advanced prototypes such as the Ubiquity Robotics' Magni Robot. As mobile robots become more prevalent in diverse environments including underground car parking and retail centers, the demand for efficient charging solutions is on the rise. Contactless solutions and cloud-based technology are emerging as driving factors in the market, enabling seamless manual battery charging and swapping processes.
Furthermore, while travel restrictions and raw material shortages pose challenges, the utilization of AMRs is driving innovation, particularly in sectors like e-commerce and healthcare facilities including hospitals and medical centers. Retail centers and malls are increasingly incorporating smart robots equipped with AI to handle tasks such as new deliveries, parking facilities management, and quality control processes, potentially leading to the replacement of humans; however, restraining factors like raw material costs and technological limitations still persist.
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Market Scope |
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Report Coverage |
Details |
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Page number |
163 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 40.15% |
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Market growth 2024-2028 |
USD 817.9 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
29.63 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 36% |
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Key countries |
US, China, UK, Germany, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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. |
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Market dynamics |
Parent market analysis, Market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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