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Mobile robots are programmed to operate on a fixed path to perform high-end functions across industrial and commercial applications. The rising number of robots demands a rise in the number of charging stations anticipated to propel the mobile robot charging station market growth. It is often known as a docking station. The types of mobile robot stations are multi-robot chargers and stand-alone chargers, wherein stand-alone chargers are utilized in charging precise proprietary robots, largely across commercial applications. Multi-robot charging stations are used in charging multiple robots at a time.
Prominent players across the globe are collaborating with regional players and governmental institutions to form an effective supply chain process for docking stations. Additionally, contactless charging is acting as a trend in emerging countries as it is offering automation growth to industrial applications such as, defense, automobile, manufacturing and other industries. Moreover, the growing penetration of the internet of things (IoT) and ever-growing electric vehicle demand is expected to drive the market's growth.
The recent emergence of the COVID-19 pandemic has disrupted the business operations that resulted in industrial processes with limited resources, i.e., ~20%-40% of workers, operators and labours in the facility. This has negatively impacted the manufacturing industry. However, in the mobile robot charging station market, the COVID-19 pandemic has created opportunities to trial and error the operational process with full automation mode. The robotic industry as a whole is focused on replacing human resources with robots. The mobile robot emanates the advanced charging station including, the automatic charging station, also known as a docking station. The developed countries, including the U.S., Singapore and others, are gaining customers' traction for mobile robot charging stations.
Key Market Driver -
• Accelerated automation across industrial sector • Increasing investment in electric vehicles
Key Market Restraint -
• High upfront & maintenance cost
Key players operating in the global mobile robot charging station market are SMP Robotics Systems Corp., Clearpath Robotics Inc., Fetch Robotics Inc., Nidec Corp., Mobile Industrial Robots AS, PAL Robotics SL, Paul Vahle GmbH & Co. KG, RGGI, OMRON Corp., WiBotic, RoadNarrows Robotics, TROSSEN ROBOTICS LLC, VAHLE, INC., Volkswagen AG, Aiways, and others.
North America, led by the U.S., is in the best position to dominate the mobile robot charging station market. It is attributed to its highly developed industrial sector coupled with the presence of leading robot charging station vendors. The U.S. is one of the developed countries in the field of automation technology that is expected to revolutionize the robot charging market across North America.
Followed by North America, Europe is expected to capture the second highest market share owing to, the presence of leading docking station suppliers. Additionally, stringent regulations regarding vehicle emissions are expected to boost the mobile robot charging station market in Europe. The Asia Pacific is anticipated to register the highest CAGR and is supposed to be the emerging region for the mobile robot charging station market. It is attributed to the booming automotive industry and accelerated industrialization across India, China, Japan and other countries.
The Middle East & Africa, and South America are anticipated to witness substantial growth attributed to countries' accelerated investments to boost the automation processes.
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