Blockchain Press Releases
Autonomous Mobile Robots Market Size to Grow USD 7938.4 Million at a CAGR of 25.9% | Valuates Reports
BANGALORE, India, Aug. 7, 2023 /PRNewswire/ — The Autonomous Mobile Robots Market is Segmented by Type (LiDAR Based, LiDAR+Vision Based), by Application (Hospitals and Healthcare, Manufacturing, Logistics and Warehouse): Global Opportunity Analysis and Industry Forecast 2023 – 2029. It is published in Valuates Reports under the Robotics Category.
The global Autonomous Mobile Robots (AMR) market was valued at US$ 1494.5 million in 2022 and is anticipated to reach US$ 7938.4 million by 2029, witnessing a CAGR of 25.9% during the forecast period 2023-2029.
Major Factors Driving the Growth of Autonomous Mobile Robots Market
The demand for autonomous mobile robots market is fueled by the expansion of the use of autonomous robots in a variety of industries, including manufacturing and warehousing, as well as growing public awareness of their advantages.
Increased industrial productivity brought on by the rise of e-commerce and the highly effective autonomous mobile robots also contributes to the Autonomous Mobile Robots market’s expansion. It is anticipated that the rise of Industry 4.0 in logistics and warehousing as well as the rising demand from developing nations for warehouse automation would open up new growth prospects for major firms.
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TRENDS INFLUENCING THE GROWTH OF AUTONOMOUS MOBILE ROBOTS MARKET
A major factor in the development of AMRs is the growing demand for automation in industries to increase productivity, efficiency, and safety. In manufacturing, logistics, and warehousing facilities, these robots can carry out repetitive operations, handle materials, and move goods, minimizing the need for physical labor and increasing operational effectiveness. AMRs can now observe and comprehend their environment, make decisions, and travel independently thanks to advances in AI and ML technology. These technical developments have greatly increased the capabilities of AMRs and broadened the sectors in which they are used. This factor is expected to drive the growth of the Autonomous Mobile Robots Market.
Sensors and software for control and perception are being increasingly used by mobile robots, enabling the latter to comprehend and respond to their environment. In order to make effective navigational judgments, the robots analyze the data from 3D cameras, integrated laser scanners, gyroscopes, accelerometers, and wheel encoders. Machine learning and vision systems are the main areas of AI integration in AMR, which helps to further enhance sensor-based capabilities. As a result, manufacturing enterprises, hospitals, and airports among others will implement AMRs more quickly. This factor is expected to drive the growth of the Autonomous Mobile Robots Market.
Labor shortages and growing labor prices are posing problems for many businesses. AMRs offer a solution by automating processes that ordinarily call for human involvement. Automation encourages the use of AMRs by addressing labor shortages and lowering operating expenses. The requirement for effective logistics and fulfillment operations has increased as e-commerce has grown. Order picking, sorting, and inventory management are duties that AMRs excel at warehouses and distribution centers. AMR’s adoption is mostly fueled by its capacity to optimize order fulfillment procedures and expedite logistical operations. This factor is expected to drive the growth of the Autonomous Mobile Robots Market.
They are adaptable for many applications and sectors because they are simple to code and reprogramme to accommodate changing tasks or workflows. One of the primary factors influencing their development is the capacity to expand and deploy several robots in order to satisfy changing business demands. AMRs are now more competent, dependable, and economical thanks to advancements in sensor, processor, and battery technology. AMRs are being adopted more quickly because a larger range of sectors can now afford to use these technologies. This factor is expected to drive the growth of the Autonomous Mobile Robots Market.
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AUTONOMOUS MOBILE ROBOTS MARKET SHARE ANALYSIS
With a market share of roughly 40%, North America leads all other regions for autonomous mobile robots, followed by China and Europe.
The top four producers in the sector are Swisslog (KUKA), Omron Adept, Geekplus Technology, and Mobile Industrial Robots, with a combined market share of over 50%.
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Key Players:
Swisslog (KUKA), Omron Adept, Clearpath Robotics, Vecna, Mobile Industrial Robots, SMP Robotics, Cimcorp Automation, Aethon, Locus Robotics, Fetch Robotics, Geekplus Technology, 6 River Systems, ForwardX Robotics, Iplusmobot Technology, DF Automation & Robotics, YUJIN ROBOT, Syrius Robotics, Django Robotics.
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SIMILAR REPORTS
– Medical Robots market was valued at US$ 2939.3 million in 2022 and is anticipated to reach US$ 3574.4 million by 2029, witnessing a CAGR of 2.8% during the forecast period 2023-2029.
– Industrial Robotics market size is estimated to be worth US$ 41270 million in 2022 and is forecast to be a readjusted size of US$ 63340 million by 2028 with a CAGR of 7.4% during the review period.
– Agricultural Robots market size is estimated to be worth USD 5820.3 million in 2022 and is forecast to a readjusted size of USD 16120 million by 2028 with a CAGR of 18.5% during the review period.
– Medical Service Robot Market
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– Exoskeleton Robots market was valued at US$ 309 million in 2022 and is anticipated to reach US$ 2487.8 million by 2029, witnessing a CAGR of 34.3% during the forecast period 2023-2029.
– Cleanroom Robots In Healthcare Market
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– Material Handling Robots market was valued at US$ 7613 million in 2022 and is anticipated to reach US$ 20980 million by 2029, witnessing a CAGR of 15.4% during the forecast period 2023-2029.
– Programmable Robots market is projected to grow from US$ 1957.7 million in 2023 to US$ 3193.9 million by 2029, at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period.
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– UV Disinfection Robots market was valued at US$ 602 million in 2022 and is anticipated to reach US$ 876.6 million by 2029, witnessing a CAGR of 5.4% during the forecast period 2023-2029.
– Soft Exoskeleton (Exosuits) and Wearable Robots market was valued at US$ 265.9 million in 2022 and is anticipated to reach US$ 1400 million by 2029, witnessing a CAGR of 31.9% during the forecast period 2023-2029.
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– Nanorobots market was valued at US$ 7163.4 million in 2022 and is anticipated to reach US$ 11680 million by 2029, witnessing a CAGR of 8.5% during the forecast period 2023-2029.
– Semiconductor Wafer Transfer Robot Market
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
Media Contact
BlocksBridge Consulting
[email protected]
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
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Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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