The main players in the industrial robot market are ABB, Yaskawa, KUKA, FANUC, Mitsubishi Electric, Kawasaki Heavy Industries, Denso, Nachi Fujikoshin, Epson and Dürr. The global industrial robot market is expected to grow from USD 47.
New York, September 30, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announced the release of the report “2021 Industrial Robot Global Market Report: COVID-19 Growth and Changes to 2030″-https://www.reportlinker.com /p06151542/?utm_source=GNW will be US$52 billion in 2020 and US$53 billion in 2021, with a compound annual growth rate (CAGR) of 11.5%. The growth is mainly due to the company’s resumption of operations and adapting to the new normal, while recovering from the effects of COVID-19, which earlier led to restrictive containment measures including social distancing, remote work and the closure of business activities, leading to operations challenge. The market is expected to reach 75.84 billion US dollars by 2025, with a compound annual growth rate of 9%. The industrial robot market includes sales of robot products and related services to perform specific tasks. A robot is a programmable mechanical device that is usually used by people on-site to perform dangerous or repetitive tasks with high precision. The robot has its own control system and is not controlled by the machine. The industrial robot market covered by this report is divided into joint robots, linear robots, cylindrical robots, parallel robots, scara robots, etc. by product type. It is also subdivided into automotive, electrical and electronics, healthcare and pharmaceuticals, food and beverages, rubber and plastics, metals and machinery by end-user industries, and through applications in picking and planes, waving and welding, material handling, assembly, Cutting and processing etc. The regions covered by this report include Asia Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. The high procurement and installation costs of industrial robots are expected to limit the growth of the industrial robot robot market. The cost of installing a robot is very high, because it not only requires the purchase of a robot, but also integration, programming and maintenance. This is a major challenge for small and medium enterprises (SMEs) because their production volume is small and the return on investment will be a challenge. In addition, rapidly changing consumer preferences will also lead to customized machines, which is again difficult for SMEs to do. According to RobotWorx, the average cost of a new industrial robot for an industrial robot manufacturer ranges from US$50,000 to US$80,000, and as the application details increase, the cost may be as high as US$100,000 to US$150,000. Therefore, the high purchase volume and installation volume of industrial robots is expected to limit the growth of the industrial robot market. In June 2018, ABB, headquartered in Zurich, Switzerland and mainly engaged in the robotics business, acquired GE Industrial Solutions (GEIS) for US$2.6 billion. The transaction included the integration of GEIS into ABB’s Electrical Products (EP) division to create A new business unit Electrical Products Industrial Solutions (EPIS). This transaction will expand ABB’s products to the North American market. The shortage of skilled workers at GEIS headquarters in Georgia is boosting the growth of the industrial robot market. Due to increased production demand, and due to a shortage of skilled workers, manufacturers are unable to meet the supply. There are two main reasons for the existence of skilled labor, namely, there are unskilled workers and skilled workers but unable to work. According to data from the Department of Labor, as of January 2020, there are 7 million job vacancies in the U.S. economy, but only 5.6 million people are looking for jobs. Therefore, in order to maintain a high supply, manufacturers choose to install robots. Industrial robots increase the company’s overall productivity, efficiency and effectiveness. Therefore, labor shortages provide other opportunities for adding robots to the labor force. Automated mobile robot (AMR) is one of the latest trends in the industrial robot market. AMR is a robot designed to move materials on the factory floor or through the warehouse without human assistance and guidance. Floor cleaners, forklifts, pallet handlers are examples of AMR types. For example, Fetch Robotics in California uses AMR.Fetch to process heavy-duty robot cloud computing programs in its warehouse so that operators can expand and control all operations with the click of a button. It eliminates the risk of employee injury and improves overall operational efficiency. The countries/regions covered in the market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States. Read the full report: https://www.reportlinker.com/p06151542/?utm_source=GNWAAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you can get all the market research you need instantly in one place. __________________________
On Tuesday, Alibaba’s (NYSE: BABA) share price rose after the company introduced a new high-tech microchip used to run its cloud servers. The semiconductor is one of China’s most advanced semiconductors and may help to change the perception of the stock, which has been hit hard by the blow by Beijing regulators on the Chinese tech giants. Alibaba said that the new chips are manufactured using advanced 5 nanometer technology, which represents an important step for China to make more of its own semiconductors.
Energous Corp (NASDAQ: WATT) traded on Tuesday after a sharp increase in trading prices after the company’s active energy harvesting transmitter technology was approved by the US Federal Communications Commission for wireless charging over unlimited distances. Energous’s active energy harvesting transmitter can simultaneously charge multiple devices, thereby providing wireless charging for the growing ecosystem of IoT devices (such as retail sensors, electronic shelf labels, industrial equipment, etc.).
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According to sources, the American Petroleum Institute reported on Tuesday evening that the supply of crude oil in the United States increased by 3.3 million barrels as of the week of October 15. According to reports, API showed a reduction of 3.5 million barrels in gasoline inventories and a reduction of 3 million barrels in distillate stocks. Sources said that at the same time, Cushing, Oklahoma’s crude oil inventories fell slightly this week by 2.5 million barrels. The US Energy Information Administration’s inventory data will be released on Wednesday. On average, the first
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A U.S. Department of Defense official said on Tuesday that the U.S. and its allies should mine and process more rare earths to ensure adequate supplies of strategic minerals for military and commercial purposes. These remarks highlight the Pentagon’s growing interest in public-private mining cooperation to counter China’s status as the world’s largest producer of rare earths, which are 17 minerals used to make weapons and magnets for electric vehicles (EV). Danielle Miller of the Pentagon Office of Industrial Policy said at the Adamas Intelligence North American Critical Minerals Day conference: “We know that without close cooperation with the industry, we cannot solve the supply chain risks we all face.”
After the major stocks were mixed on Monday, they need to return to Monday’s high to avoid losses.
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The report quoted a source familiar with Jack Ma as saying that since his public speech criticizing China’s regulatory system last year, Jack Ma has basically been out of public view. He is conducting agricultural and technical inspections related to environmental issues in Spain. schedule. According to Alibaba’s South China Morning Post, he spent “private time” with the family in Hong Kong before flying to Europe.
San Ramon and Houston, California/3BL Media/-Chevron America has announced a framework through its Chevron New Energy division and a subsidiary of Enterprise Products Partners LP (NYSE: EPD)…. ..
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Amazon (AMZN)’s goal is to hire 150,000 seasonal employees before the retailer’s busiest time of the year. With a tight supply chain and a tight labor market, the e-commerce giant is offering generous incentives to attract talent. The average salary for seasonal jobs is $18 per hour, and the signing bonus is up to $3,000.
On Monday, we agreed with Freeport-McMoRan, a Real Money subscriber wanted to know the potential of Southern Copper Corp.’s rebound. Let’s take a look at the chart. In the SCCO daily chart below, we can see that the price pulls back from May to September.
Placer.ai CMO Ethan Chernofsky joined Yahoo Finance to discuss the traffic of Dutch Brothers Coffee and its competitors in the coffee industry.
Post time: Oct-20-2021
