Robotics in Power - Thematic Intelligence
Summary
Robotics is of growing importance across multiple industries, including the power sector. It is a crucial tool for keeping the operations of power companies functional and optimized. For example, robots enabled remote monitoring of power infrastructures at the height of the COVID-19 pandemic. Moreover, robots address the growing hurdles presented by an aging workforce in the power sector and are increasingly undertaking disruptive applications, such as speeding up the installation of renewable energy infrastructures and carrying out maintenance in hazardous spaces.
According to GlobalData forecasts, the global robotics industry, which was worth $45 billion in 2020, will grow to $568 billion by 2030 at a compound annual growth rate (CAGR) of 28.8%. GlobalData expects every segment of the robotics market to grow over the next decade with industrial robots functioning as the growth drivers from which innovation will spill over into other segments of the robotics value chain. Despite many emerging and exciting robotics use cases, there is still room for major innovation, especially as AI technologies develop intelligent industrial robots.
Key Highlights
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