के सभी प्रकाशन Rahul Verma . Gurgaon , India


Mobile Collaborative Robots Market To Generate $6.8 Billion Revenue by 2030

A number of factors such as the surging need for industrial automation solutions, rising demand for mobile cobots from the automotive industry, increasing government initiatives, and reducing operational costs are projected to drive the growth of the mobile collaborative robots market at a CAGR of 26.3% during the forecast period (2020–2030). According to P&S Intelligence, the market size is expected to reach $6.8 billion by 2030 from $543.3 million in 2019. Moreover, the market is witnessing a trend of surging use of bin-picking mobile cobots in warehouses and factories.

One of the prime factors aiding the mobile collaborative robots market is the surging need for industrial automation solutions. The rise in complexity of production processes, increase in focus on higher productivity, high labor costs, and labor shortage have increased the demand for industrial automation solutions, across the world. Moreover, companies in developing countries like China and India are adopting automation solutions heavily to improve productivity and counter labor shortage, thereby enhancing their capability to compete in the global market.

Access Report Summary - https://www.psmarketresearch.com/market-analysis/mobile-collaborative-robots-market-report

The application segment of the mobile collaborative robots market is categorized into pick & place, welding, material handling, assembling, and machine tending. Among these, the assembling category is projected to record the highest CAGR in the coming years. This can be ascribed to the fact that mobile cobots are required on a large scale in the assembly application, as these help in reducing assembly time and thus increasing the speed of manufacturing. With the surging automation level in the manufacturing sector, the need for such cobots is rising for assembly purposes.

Moreover, the mobile collaborative robots market is categorized into electronics, manufacturing, automotive, retail, mining & mineral, agriculture, aerospace & defense, and healthcare, based on end user. Out of these, the electronics category is expected to hold the largest market share by 2030. This can be attributed to the rapid adoption of mobile cobots by manufacturers in the growing electronics industry to increase their productivity and perform repetitive tasks in less time. These products are offered to electronics manufacturers by Teradyne Inc., Aubo Robotics Inc., Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd., Fetch Robotics Inc., Bosch Rexroth AG, and ABB Ltd.

Geographically, the Asia-Pacific (APAC) mobile collaborative robots market held the largest share in 2019, and it is expected to witness the fastest growth during the forecast period. This can be ascribed to the growing population, increasing disposable income, surging awareness about automation solutions, and rising automotive and consumer electronics industries, in the region. Moreover, the presence of major electronics manufacturers, including Samsung Electronics Co. Ltd. and LG Electronics Pvt. Ltd., and the increase in adoption of industrial automation solutions to diminish human intervention, are also boosting the need for mobile cobots in APAC.

Thus, the rise in need for industrial automation solutions and the benefits of adopting collaborative robots in industries are expected to propel the market growth in the future.

Show more

Why will Demand for Compressors Shoot-Up in Hubei, China in Future?

The rapid expansion in the construction sector is one of the primary factors responsible for the mushrooming demand for compressors in China. Because of the rising urbanization and the soaring population, the construction sector is expanding rapidly. Moreover, with the launch of several construction projects, the demand for highly energy-efficient heating, ventilation, and air-conditioning (HVAC) equipment is growing rapidly. The changing lifestyles of people and the rising average temperatures are also fueling the sales of HVAC systems in the country.

As per the Council on Tall Buildings and Urban Habitat, there are numerous skyscrapers in China. There are currently as many as 88 skyscrapers in the country. This is pushing up the requirement for HVAC systems, which is, in turn, propelling the demand for compressors in the country. Furthermore, the hotel industry in the country is recording nearly 2,481 hotel projects that are currently in pipeline and is growing with a year-on-year (YoY) growth rate of 2%.

Besides the aforementioned factors, the boom in the automotive industry, because of the surging disposable income of people and the ballooning automobile manufacturing, is also positively impacting the demand for compressors in the country. This is because compressors are used extensively in vehicle manufacturing processes including product finishing, tire inflation, plasma cutting and welding, and car painting. For example, motor vehicle manufacturing increased from 7.7 million units to 29.7 million units in the country from 2013 to 2017.

Due to the above-mentioned factors, the China compressor market is exhibiting huge expansion. The value of the market is predicted to rise from $12.7 billion in 2018 to $15.7 billion by 2024. Furthermore, the market is predicted to progress at a CAGR of 3.5% between 2019 and 2024. Depending on dynamic compressor type, the market is divided into axial flow and centrifugal segments. Between these, the centrifugal compressor recorded higher growth in the market during the last few years.

Natural gas processing, food & beverage industries, and oil refineries are the major application areas of centrifugal compressors. They are heavily used in oil and gas pipelines for increasing or maintaining the gas flow from the site of production to the end users or consumers. The rapid expansion in the country’s oil and gas pipeline network is pushing up the requirement for centrifugal compressors. The China compressor market will register the fastest growth in the central region in the future.

According to P&S Intelligence, a market research company based in India, the main factor driving the progress of the market in this region is the presence of the Hubei province there. This province is home to a huge industrial base. Additionally, Wuhan, which is the capital of Hubei, is home to numerous advanced manufacturing and automotive companies. These factors are fueling the growth of the China compressor market in this region.

Read More: https://www.psmarketresearch.com/market-analysis/china-compressor-market

Show more

Light Sensor Demand Driven by Rising Construction of Smart Cities

Light sensors are installed in consumer electronic devices like smartphones and tablets to control automatic screen brightness and other features, which require the light to be sensed. The adoption of these electronics will escalate, on account of high demand from young population, especially the millennials. With a boom in the world population, the penetration of these devices will increase in the future. Owing to this reason, the light sensor market will accelerate at 9.5% CAGR during 2020–2030. According to P&S Intelligence, the market generated $1,456.2 million revenue in 2019.

Additionally, the establishment of smart cities has amplified the usage of light sensors, globally. These townships have sensor-based lights, primarily for ambient light sensing, as the lights in these cities have to be energy efficient. Due to this reason, the lights will switch on or increase the brightness when it gets dark. Similarly, during the day time, the artificial lights will either switch off automatically or decrease their brightness, thereby conserving electricity. Moreover, construction of new smart cities in India, Brazil, and China will fuel the installation of light-sensing devices in the future.

Apart from this, light sensors are also consumed in large quantity in the automobile industry. The automakers install these devices in the advanced driver assistance systems (ADAS) for park assist and to sense the light. Moreover, the integration of internet of things (IoT) technology in ADAS devices has led to the increased adoption of light sensors in these devices. Besides, the light sensing systems also find applications in the healthcare, industrial, and entertainment sectors.

In recent years, players in the light sensor market have started engaging in product launches to gain a competitive edge. For instance, ams AG launched a tiny digital proximity sensor module — TMD2635, in September 2019. Installation of this sensor gives freedom to manufacturers of true wireless stereo (TWS) devices, to develop lighter and smaller earbuds of industrial design. Further, the company also introduced an advanced spectral ambient light sensor — AS7350, in January 2020. It is also designed for high-end smartphones as it offers accurate light source identification.

Read More: https://www.psmarketresearch.com/market-analysis/light-sensor-market

Show more
Show more