growth

Locus Robotics raises $26 million in new investment

Supply chain automation startup Locus Robotics has raised $26 million in Series C funding.

The company says it will use the proceeds to scale production of its revolutionary multi-bot solution for warehouse fulfillment, as well as for expansion of its sales and marketing efforts, both in North America, and internationally.

Participants in the round include Zebra Ventures, the strategic investment arm of Zebra Technologies, and Scale Venture Partners, which led the Company’s Series B round in 2017. [Read more…] about Locus Robotics raises $26 million in new investment

Robotics and automation news is good for ABB, says CEO

Industrial giant ABB is reporting a 3 per cent growth in total orders across its operation, but most of it seems to be coming from robotics.

Net income was $525 million – for the second quarter ending July 6. Gross profit, however, was down 5 per cent, and was only $1 billion. Total revenues were up 1 per cent at almost $8.5 billion.

ABB CEO Ulrich Spiesshofer says: “In Q2, ABB continued to build its growth momentum as our targeted initiatives are delivering. Order growth was broad-based and across all regions.

“Our industry-leading digital offering, ABB Ability, is taking off and starting to contribute to growth.

“Operational performance in the power grids and industrial automation divisions was solid in the quarter. Electrification products and robotics and motion improved margins sequentially, but were not able to fully compensate commodity price headwinds and overcapacity during the quarter. [Read more…] about Robotics and automation news is good for ABB, says CEO

Global agriculture robots market driven by ‘high population growth and food shortages’

The global market for agricultural robots is forecast to exceed $5 billion by 2024, according to a report.

The Global Agriculture Robots Market Report, published by Variant Market Research, predicts the global market will reach $5,214 million by 2024 from $968 million in 2016 – growing at an annual rate of 23.4 per cent from 2016 to 2024.

By geography, Asia Pacific and rest of the world are expected to grow at 24.7 per cent and 24.1 per cent respectively, during the forecast period. [Read more…] about Global agriculture robots market driven by ‘high population growth and food shortages’

Government incentives driving growth of Malaysian automation and control systems market, says report

Government incentives and adoption of new technologies are driving the growth of the Malaysian automation and control systems market, according to a new report.

The Malaysian automation and control systems market, one of the biggest for suppliers, is stable and growing, says the study by Frost & Sullivan, which projects the market to be worth more than $409 million in the next four years.

Government incentives to aid manufacturing and infrastructure spend, as well as an established end-user base of sophisticated automation systems, are driving growth in the region. [Read more…] about Government incentives driving growth of Malaysian automation and control systems market, says report

North American robotics market growing and creating new types of work, says A3

The fast-growing North American robotics and automation market is creating new kinds of jobs, according to the Association for Advancing Automation, or A3.

The association says new technologies, such as collaborative robots and advanced vision systems are driving growth and diversity of employment in the sector.

Jeff Burnstein, who has a number of roles in the association including A3 president, says: “Automation technologies are fueling entirely new categories of jobs – really creating the jobs of the future – in addition to enabling companies to become more productive and create higher-quality products in safer environments.” [Read more…] about North American robotics market growing and creating new types of work, says A3

Solar power revolution ‘unavoidable’ in Asia, says industry expert

A robot operates at a production line during a tour of an REC solar panel manufacturing plant in Singapore. Reuters / Edgar Su

By Henning Gloystein and Vera Eckert, Reuters

Investors are increasingly excited about the prospects for much faster growth in the solar power industry in Southeast Asia, which has until now been a backwater for renewable energy.

They say that the region is in a perfect position to benefit from rapidly declining prices in solar panels. It has strong economic growth, relatively high costs of electricity and a shortage from traditional sources, undeveloped infrastructure in more remote areas, plenty of sunshine, and backing for more renewable energy from many of Southeast Asia’s governments.

“Dramatically falling costs for solar energy technologies means businesses and governments are choosing renewable energy not for environmental reasons but for economic ones,” said Roberto De Vido, spokesman for Singapore-based Equis, one of Asia’s biggest green energy-focused investment firms with $2.7 billion in committed capital. “It simply makes good business sense. And that’s a trend that’s not going to change.” [Read more…] about Solar power revolution ‘unavoidable’ in Asia, says industry expert

Microtechnology exhibition to showcase innovations in watchmaking and medicine

It’s not one of the most famous exhibitions in the world, and not the biggest, but that’s probably appropriate for EPHJ, because it’s all about small things, or – more accurately – what’s called the “microtechnology” sector.

Microtechnology includes such things as watchmaking, jewellery making, and precision instrumentation for medicine, all of which are relatively large business sectors in Switzerland, where EPHJ is being held, on 20-23 June 2017 – Geneva, to be exact.

Now in its 16th year, the event is described as “an unmissable event for high-precision manufacturers, with exhibitors from the worlds of watchmaking and jewellery, microtechnology and medtech”. [Read more…] about Microtechnology exhibition to showcase innovations in watchmaking and medicine

Universal Robots delivers high double-digit growth again

Jürgen von Hollen, the new president of Universal Robots — Jürgen von Hollen, president of Universal Robots

Universal Robots has continued its rapid expansion worldwide with a growth rate of 62 per cent from 2015 to 2016.

The company that pioneered and commercialised collaborative robot technology continues to leverage its first mover advantage and market leadership position.

Cage-free, user-friendly collaborative robots of all sizes have now become the market driver within industrial robotics.

The 2016 annual result of Universal Robots is a testament to that market growth, with revenue reaching $98.4 million and delivering a profit of $13.7 million before tax.

President of Universal Robots, Jürgen von Hollen, considers net income to be satisfactory and expects revenue growth of 50 per cent or greater in 2017, which means that the company will stay on target to reach $148.6 million by the end of 2017. [Read more…] about Universal Robots delivers high double-digit growth again

MiR reports 500 per cent growth in sales of logistics robots

Mobile Industrial Robots, a developer and manufacturer of autonomous mobile robots, claims it has seen “an astounding 500 percent growth in sales” in 2016, with over 200 MiR100 robots and accessories installed in more than 30 countries.

The company says it has an “ambitious” plan, and has recently expanded its global presence, establishing regional offices in New York and Shanghai.

With substantial increases in hiring in 2016, MiR also tripled the size of its Denmark headquarters, relocating to a new location that will support its ongoing expansion.

In 2017, the front-runner expects to further consolidate its leadership position with a new product that will be launched in Chicago on April 3, 2017 at Automate, North America’s largest automation trade show. [Read more…] about MiR reports 500 per cent growth in sales of logistics robots

Global collaborative robotics market forecast to grow to $95 billion in seven years

The worldwide collaborative robot market is expected to be worth $95 billion by 2024, according to a new report by Transparency Market Research.

Companies in the global collaborative robot market are focused on the acquisition of smaller and local automation companies to expand their operations, says Transparency.

Leading companies such as ABB, Kuka, Kawasaki Heavy Industries, and Robert Bosch are expected to launch products in the coming years to fulfil the requirement of their clientele in the several end-user industries. [Read more…] about Global collaborative robotics market forecast to grow to $95 billion in seven years