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robotics market growth

Tennant deepens Brain Corp partnership to accelerate robotic cleaning push and product rollout

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Tennant Company has announced a “significant evolution” in its long-standing relationship with Brain Corp, signing a three-year exclusivity extension for next-generation robotic floor care, accelerating new product development with plans to release 10 new products within 24 months, and simplifying the customer buying experience.

Together, these actions support the growth of Tennant’s strategic focus on robotic cleaning and reinforce the company’s commitment to build its autonomous equipment portfolio into a $250 million business by 2028.

This evolution builds on the formation of the Tennant Company Robotics team, a dedicated venture that consolidates resources across sales, research and development, product management, customer success, and technical support into a single, vertically integrated organization focused exclusively on robotics. [Read more…] about Tennant deepens Brain Corp partnership to accelerate robotic cleaning push and product rollout

Oil and gas robotics deployment expands as global market heads toward $205 billion in 2030, says GlobalData

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Robotics is rapidly transforming oil and gas operations as advances in artificial intelligence (AI) and cloud computing unlock the next phase of industrial automation. AI enables advanced decision-making, navigation in complex environments, and reduced reliance on human intervention.

Against this backdrop, the global robotics market is projected to grow from $90.2 billion in 2024 to $205.5 billion in 2030, forecasts GlobalData, an intelligence and productivity platform.

GlobalData’s Strategic Intelligence report, Robotics in Oil and Gas, highlights how robotics is increasingly being adopted across the oil and gas value chain to improve safety, efficiency, and asset integrity. [Read more…] about Oil and gas robotics deployment expands as global market heads toward $205 billion in 2030, says GlobalData

Geekplus post-IPO: Warehouse robotics enters the mainstream

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Geekplus, the Chinese autonomous mobile robot (AMR) specialist, made headlines in July when it listed on the Hong Kong Stock Exchange.

The company became the first publicly traded AMR warehouse robotics provider, raising HK$2.71 billion (about $350 million) in the process.

Now, three months on, investors and analysts are beginning to weigh in. The company has posted its first set of interim results as a public business, while broker coverage is starting to emerge with bullish targets.

The question is whether the enthusiasm around Geekplus’ debut is matched by fundamentals. [Read more…] about Geekplus post-IPO: Warehouse robotics enters the mainstream