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Yahoo
a day ago
- Business
- Yahoo
Digital Utility Market Size to Surpass USD 535.3 Billion by 2032, Owing to the Rapid Adoption of Smart Grid Technologies and AI-Based Utility Solutions
The global Digital Utility Market is witnessing remarkable growth, fueled by the expanding deployment of smart grid infrastructure, digital transformation across utility operations, and increasing reliance on AI and cloud-based solutions. Pune, June 19, 2025 (GLOBE NEWSWIRE) -- Digital Utility Market Size Analysis: 'The Digital Utility Market was USD 198.0 billion in 2023 and is expected to reach USD 535.5 billion by 2032, growing at a CAGR of 11.71% over the forecast period of 2024–2032.'Get a Sample Report of Digital Utility Market@ Major Players Analysis Listed in this Report are: Siemens — Siemens Grid Software ABB — ABB Ability Schneider Electric — EcoStruxure Grid General Electric — GE Digital Energy Oracle — Oracle Utilities SAP — SAP for Utilities IBM — IBM Maximo for Utilities Landis+Gyr — Gridstream Connect Itron — Itron OpenWay Eaton — Eaton Energy Automation Solutions Hitachi Energy — Lumada APM Cisco — Cisco Connected Grid Honeywell — Honeywell Smart Energy Open Systems International (OSI) — monarch Aclara Technologies — AclaraONE. Digital Utility Market Report Scope: Report Attributes Details Market Size in 2023 US$ 198.0 Billion Market Size by 2032 US$ 535.3 Billion CAGR CAGR of 11.71 % From 2024 to 2032 Base Year 2023 Forecast Period 2024-2032 Historical Data 2020-2022 Key Segments • By Technology (Hardware, Integrated Solutions)• By Network (Generation, Transmission & Distribution, Retail) Key Growth Drivers Increasing investments in smart grid infrastructure and renewable energy integration are accelerating the demand for advanced digital utility solutions. Do you have any specific queries or need any customization research on Digital Utility Market, Make an Enquiry Now@ U.S. Digital Utility Market Poised for Strong Growth. Driven by Smart Grid Investments and AI-Driven Transformation The Digital Utility Market is growing with the increased demand for deploying advanced digital solutions for electricity, gas, and water utilities. Electric utilities are leading the charge for digital, with the greatest overall level of AI integration between 2021-2025. The US Digital Utility Market is expected to not only grow further at a CAGR of 11.48% from 2023-2032, to USD 131.2 billion by 2032, but also will be valued at USD 49.4 billion in 2023. This growth is fueled by country-level investments in smart grid infrastructure, renewable energy integration, and the increasing demand for utility solutions with real-time tracking features. With all things cloud and AI-based analytics, the adoption of digital is gaining momentum across the U.S. utility landscape like never before. By technology The hardware segment was a front runner in 2023 and contributed nearly 61% of the total revenue of the market. This leadership is led by smart hardwares such as smart meters, intelligent transformers, and automated substation. Companies are using radial grid devices including smart switches, smart thermostats, and advanced voltage regulators to improve predictive maintenance, real-time analytics, and asset management. The fastest growth through 2032 is expected in the solutions sector, comprising integrated software and cloud-based systems. This sector is on the rise thanks to asset digitization, operational efficiencies, and the increasing flexibility of utilities. Cloud-based software, in particular, amplifies utilities' ability to connect operations, introduce renewable power, and serve customers better. By network, The market was led by the transmission & distribution segment in 2023, with a revenue market share of over 49%. This is because existing grids need to be modernized with digital technology-providing enhanced load management, fault detection, and flow of energy. These grids are being embedded with smart communication, sensing, and automation technologies to support the requirements of the digitalized energy space. The residential segment is projected to be the fastest-growing end-use industry during the forecast period. An increased level of consumer awareness concerning environmental sustainability and the contribution of energy usage to climate change is resulting in an increasing demand for customized and green utility services. Households are adding more smart meters and other digital tools to track and control their energy use, leading utilities to provide more residential-focused digital an Enterprise-User PDF of Digital Utility Market Analysis & Outlook 2024-2032@ North America Leads Digital Utility Market with 32% Share, Asia-Pacific Emerges as Fastest-Growing Region Amid Rising Energy Demand. In 2023, North America was a leader Digital Utility Market in terms of revenue, and the region contributed 32% revenue share. It is an area with a good power grid, a growing digitalization, and many installations of renewable energy. Smart grid projects and state-level clean energy mandates also fuel the market. Asia-Pacific is expected to be the fastest-growing regional industry during the forecast period. The level of countries such as China, India, and Southeast Asia is facing increasing demand for energy contrast to urbanization and industrialization. Changing the rules of the game also represents a stimulus for the digital utility, in particular for power management. Recent Developments In April 2025, ABB announced it had literally made a 'revolutionary change of a lifetime' by selling, the whole of its robotics business. This is in the service of consolidating its focus on electrification and automation as well as strengthening both ABB and the robotics division's growth profile with a more focused, quality portfolio. In August 2024, Schneider Electric introduces a new era of smart-grid technologies to improve grid resiliency and efficiency. Particular highlights were the launch of virtual substations, a full-featured Net Zero Dashboard interfacing with EcoStruxure ADMS and DERMS, and a partnership with European utilities such as Elektrilevi to help power smarter, more dynamic grid systems. About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. CONTACT: Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)
Syyaha
3 days ago
- Entertainment
- Syyaha
Samsung and Art Basel Unveil Largest Art Basel Collection to Date on Samsung Art Store
Riyadh, Saudi Arabia – June 17, 2025 – Samsung Electronics, the Official Art TV of Art Basel, today announced the launch of the Art Basel in Basel (ABB) Collection, an exclusive curation of digital art available across Samsung TVs with Samsung Art Store . Representing the most extensive Art Basel collection to date, the ABB Collection introduces 38 curated works from globally renowned artists and galleries—marking a new milestone in Samsung and Art Basel's mission to bring world-class art to a wider ABB Collection stands apart for its emphasis on diversity, with works that span continents, mediums, and voices. For the first time, the collection features representation from an Africa-based gallery, deepening the global reach and cultural richness of the Samsung x Art Basel initiative. Some of this collection will be displayed at the Art Basel, from June 19-22, at Messe Basel in Switzerland .A Curated Vision of Global ExpressionHandpicked from over 100 submissions, the 38 pieces in the ABB Collection were carefully curated with a focus on artist diversity, medium variety, and geographic representation. The collection celebrates both emerging talent and established visionaries, aligning with Art Basel's dedication to championing contemporary art from all corners of the include: Roméo Mivekannin, 'Young woman with peonies after Frédéric Bazille' (2023): A compelling reimagining of classical portraiture from a postcolonial perspective. Basim Magdy, 'An Intergalactic Messenger Teleported us to a Cave Settlement Ruled by Shared Compassion and Humility' (2022): A vibrant exploration of utopian futurism. Zandile Tshabalala, 'Pink Blossoms' (2024): A powerful portrait celebrating Black femininity and nature. Antonia Kuo, 'Willo' (diptych) (2024): A striking dual-panel composition that fuses digital manipulation with analog collection also includes works by iconic names such as Jo Baer, Kibong Rhee, and Lynn Hershman Leeson, further enriching the visual and thematic depth of this year's An Interactive Hands-on Experience at Art BaselTo further highlight the intersection of art and technology, Samsung will present an interactive lounge titled ArtCube at Art Basel. This immersive showcase will demonstrate how The Frame, MICRO LED, and Neo QLED 8K redefine digital art experiences by displaying artwork—including selections from the Art Basel Collection—with breathtaking detail and invites visitors to engage with the Samsung Art Store's exclusive collections and freely experience the premium picture quality. Visitors can also make customized portraits of moving art pieces only available through ArtCube's tailored curation. In addition to the ArtCube lounge experience, Samsung will host a series of panel discussions featuring influential voices from the contemporary art scene, sparking conversations around technology's expanding role in artistic expression and a Cultural PartnershipSamsung and Art Basel have partnered to introduce curated digital collections that began with the 2024 Art Basel Miami Beach, 2025 Art Basel Hong Kong, and now includes the 2025 Art Basel in Basel. Artworks from Art Basel Hong Kong, launched in March, have gained global popularity among Art Store users, ranking them in top 10 most-viewed art pieces . This ongoing collaboration highlights the shared vision of expanding the role of displays as vibrant platforms for storytelling and artistic dialogue.'With the launch of a new collection in the Samsung Art Store for Art Basel in Basel 2025, we're thrilled to offer our global audiences new ways to engage with our show,' said Maike Cruse, Director of Art Basel in Basel. Our global partnership with Samsung extends the visitor experience beyond the Messe and into people's homes—creating new entry points to discover the exceptional artists and galleries that define our flagship fair in Basel.'Completing a Unique Art Experience on Samsung Art TVsSamsung Art Store offers the best way to transform your TV and elevate your home decor with the perfect piece of art for every season, holiday and mood. You can choose from 3,500+ works of art spanning over 800 artists, including the ABB the Neo QLED 8K, Neo QLED, QLED, The Frame and The Frame Pro, which are powered by Samsung Vision AI for AI-enhanced picture and sound, Samsung Art Store is newly available across the Samsung 2025 TV lineup. These TV models also come with new personalized features that bring users closer to all the shows, movies and sports theylove. Across the lineup, Samsung offers more ways than ever to transform TV screens into personalized art Art Basel in Basel Collection is now available exclusively on the Samsung Art Store to all Samsung Art TV users. For more information, visit
Yahoo
3 days ago
- Business
- Yahoo
Q&A: ABB Electrification Service on securing grid resilience for businesses
The vulnerability of power grids is growing worldwide, leading businesses to reevaluate their use of centralised power. With operational continuity front of mind, there is increasing exploration into strategies such as prosumerism and distributed energy resources (DERs) alongside energy storage solutions. ABB Electrification Service's global head of strategy, Matthew Wise, explains how businesses are navigating today's shifting power landscape. Matthew Wise (MW): Of course, the major outages in Spain and Portugal and Heathrow Airport remain front of mind as they highlight two different elements of grid vulnerability. The substation at Heathrow was commissioned in the 1960s with two transformers. While transformers can last a long time in good condition, this draws attention to the fact that there is an enormous amount of ageing grid infrastructure out there. Equipment needs to be kept updated at a high level of maintenance with ongoing service interventions and continuous asset health monitoring. The blackout in Spain and Portugal highlights the need for dynamic, smart and digitally enabled systems as it was caused by a dramatic frequency drop. As grids get more complex through local generation coming online, digital solutions can help manage this as we move away from a large, centralised, high-inertia and fossil fuel-driven power station model towards more DERs. MW: What we are seeing now is companies increasingly looking at their energy systems as a critical operational piece on the same level as – or even more so than – digital transformation upgrades, which build up internal capabilities. This is a significant shift in mindset. Data centres have been a catalyst. Power outages are the number one source of downtime, with the average cost of an incident for data centres just tipping over $1m. So, this is financially critical and businesses are taking it more seriously amongst volatile energy markets. Solutions are needed to ensure business continuity regardless of energy system evolution. MW: We believe in battery energy storage systems (BESS) for commercial and industrial installations. BESS are being used to bring stability and inertia to the grid. There are enormous projects in development, such as the Edwards and Sanborn facility in California, which is going from strength to strength. The beauty of battery solutions is that they address a range of energy challenges in concert. An on-site battery can kick in with uninterrupted power to support operations and avoid unplanned downtime. Batteries can also help businesses manage energy price volatility as they can be charged when energy is cheap and discharged when it is expensive. They help to stabilise the grid within ancillary services markets as well. MW: It can be risky for businesses to delve into optimising batteries as understanding energy markets is difficult. For example, manufacturing facilities tend to have a limited level of awareness or engagement with building resilient power systems as part of their operational day-to-day work. A lot of help is needed with not just installing and integrating batteries within existing power systems but also 24/7 management. If there isn't in-house expertise, investing in a trusted partner will offer returns as they can bring the battery technology itself, the digital services and software, energy trading capabilities and uptime guarantees to derisk BESS. MW: Being an active market participant can generate value streams as energy pricing can be optimised while bringing the benefit of resilience. In terms of BESS, battery cell prices will continue to drop as the technology scales up, making the business case even stronger. As we see more and more countries and regulatory areas becoming increasingly deregulated, thereby enabling market participation from prosumers, we see more opportunity. If a business does play around with DERs, they have to get it right on the operations and maintenance side with digital systems. If there is no visibility of ongoing asset performance and health, then difficult situations can arise, such as committing to providing capacity to power grids for frequency regulation and then being fined if the business cannot do this. Services are evolving in this space for partners to manage batteries and other power solutions to minimise risk. As such, the prosumer space is getting more sophisticated through new digital technologies and business models. MW: It is an exciting time, but it is also easy to forget how critical power systems are. Things are only going to get more sophisticated and complex. A local microgrid can include batteries, solar, electric vehicle charging, heat pumps and more, and it comes down to the challenge of optimisation. Who knows how far AI is going to take us in enabling the next level of optimisation as we move towards these more complex microgrids. Electricity will surpass hydrocarbons to become the biggest energy source by 2040. So, electrification is going ahead at full speed and the loads will be much higher, and with it increased pressures on legacy assets. Digital solutions and derisking through partnership will not only help businesses navigate these increasing complexities but also unlock economic opportunity. "Q&A: ABB Electrification Service on securing grid resilience for businesses " was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Manufacturing Operations Management Software Market to Hit USD 51.16 Billion by 2032 Amid Rising Automation and Digital Adoption
MOM Software Market is growing rapidly due to automation, Industry 4.0, cloud adoption, and demand for real-time visibility. Pune, June 17, 2025 (GLOBE NEWSWIRE) -- Manufacturing Operations Management Software Market Size Analysis: 'The Manufacturing Operations Management (MOM) Software Market was valued at USD 15.78 billion in 2023 and is anticipated to reach USD 51.16 billion by 2032, expanding at a CAGR of 14.03% from 2024 to 2032.'Get a Sample Report of Manufacturing Operations Management Software Market@ Major Players Analysis Listed in this Report are: ABB [ABB Ability Manufacturing Operations Management, ABB Ability System 800xA] Aegis Software [FactoryLogix, CircuitCAM] Aspen Technology Inc [AspenONE Manufacturing Execution Systems, Aspen InfoPlus.21] AVEVA Group Limited [AVEVA Manufacturing Execution System, AVEVA Work Tasks] Dassault Systèmes [DELMIA Apriso, DELMIA MOM] DÜRR AG [DXQcontrol, Epicor Software Corporation [Epicor Advanced MES, Epicor ERP] GE Digital [Proficy Plant Applications, Proficy Operations Hub] Honeywell International Inc. [Honeywell MES, Honeywell Optivision] iBase-t [Solumina MES, Solumina MRO] Oracle [Oracle Manufacturing Cloud, Oracle MES] Rockwell Automation [FactoryTalk ProductionCentre, Plex MES] SAP SE [SAP Manufacturing Execution, SAP Digital Manufacturing Cloud] Schneider Electric [EcoStruxure Manufacturing Compliance Advisor, EcoStruxure Plant Advisor] Siemens Critical Manufacturing S.A. [Critical Manufacturing MES, CM App Composer] Siemens AG [Opcenter Execution, SIMATIC IT Unified Architecture] Emerson Electric Co. [Syncade MES, DeltaV MES] Plex Systems, Inc. [Plex Manufacturing Cloud, Plex Quality Management System] Manufacturing Operations Management Software Market Report Scope: Report Attributes Details Market Size in 2023 US$ 15.78 Billion Market Size by 2032 US$ 51.16 Billion CAGR CAGR of 14.03% From 2024 to 2032 Base Year 2023 Forecast Period 2024-2032 Historical Data 2020-2022 Key Segments • By Component (Software, Services)• By Enterprise Size (Large Enterprise, Small & Medium Enterprise)• By Application (Advanced Planning & Scheduling, Manufacturing Execution Systems (MES), Labor Management, Inventory Management, Quality Management, Laboratory Management)• By End-use (Aerospace & Defense, Automotive, Pharmaceuticals & Medical Equipment, Chemicals, Food & Beverages, Consumer Goods, Others) Key Growth Drivers Real-time process visibility improves efficiency, drives smart manufacturing, and boosts Manufacturing Operations Management Software adoption globally. Do you have any specific queries or need any customization research on Manufacturing Operations Management Software Market, Make an Enquiry Now@ The growth is driven by rising adoption of Industry 4.0 technologies, increasing need for real-time operational visibility, and growing need for automation and predictive analytics among manufacturing industry personnel. Also manufacturers are looking for better productivity, less downtime, higher quality control and higher compliance with industrial regulations. The integration of cloud-based MOM solutions and IoT connectivity is further accelerating market expansion across various industrial sectors. The U.S. Manufacturing Operations Management (MOM) Software Market was valued at USD 3.76 billion in 2023 and is projected to reach USD 12.15 billion by 2032, growing at a CAGR of 13.91% from 2024 to 2032. Growth is driven by the increasing emphasis on smart manufacturing, real-time performance monitoring, and digital transformation initiatives. Rising demand for automation, supply chain optimization, and regulatory compliance is also boosting adoption across U.S. manufacturing sectors. By Component, Software Segment Dominated the Manufacturing Operations Management Software Market in 2023 In 2023, the software segment accounted for nearly 74% of the Manufacturing Operations Management Software Market revenue. This importance comes from its participation in automating the production process, minimizing the downtime, and real-time data analysis. It is the backbone to increase efficiency and competitiveness owing to its scalability, legacy systems integration, and digital transformation capabilities. By Enterprise Size, Small and Medium Enterprises Expected to Witness Fastest Growth in MOM Software Market Small and medium enterprises (SMEs) are projected to grow at the fastest CAGR of 15.69% from 2024 to 2032, fueled by the rising affordability of cloud-based MOM solutions. Small manufacturers are using scalable remote tools that are becoming cheaper and more accessible to improve production efficiency, reduce waste, and react to customer needs. This segment growth outlook is further supported by Government initiatives supporting digital transformation in manufacturing By Application, Quality Management Segment Dominated MOM Software Market in 2023 The quality management segment led the Manufacturing Operations Management Software Market in 2023 with a 28% revenue share. The need for consistent product quality related to regulation compliance justifies its dominance. MOM software is a must-have tool for manufacturers for real-time monitoring, defect detection, and automated documentation, preventing recalls, gaining customer trust, and maintaining standards especially in high-regulation and quality-sensitive industries. By End-use, Aerospace and Defense Segment Led MOM Software Market in 2023 In 2023, the aerospace and defense segment held a leading 24% revenue share in the Manufacturing Operations Management Software Market. The sector's stringent compliance requirements, precision engineering and requirement of real-time traceability attribute to this dominance. MOM software enables quality assurance, contract compliance and performance optimization, making it critical to the management of high-value assets and the complex, innovation driven production an Enterprise-User PDF of Manufacturing Operations Management Software Market Analysis & Outlook 2024-2032@ North America Led MOM Software Market, Asia Pacific to Witness Fastest Growth North America held a dominant 34% revenue share in the Manufacturing Operations Management Software Market in 2023, driven by its long-established industrial base and early embracement of digital technologies. Leading manufacturers, larger deployment of industrial automation, and regulatory push need software implementations. MOM adoption is being propelled by developments in AI, IoT, and integration with cloud technologies all three crucial for increasing productivity and ensuring compliance Asia Pacific is expected to grow at the fastest CAGR of 16.08% from 2024 to 2032, propelled by pace of industrialization and favourable government initiatives for smart manufacturing. However, nations such as China and India are working to replace with automation and digital upgrades. Cloud-based MOM software adoption among SMEs, for low-cost production control, is supporting the growth and is anticipated to establish as a major future market hub within the region. Top of Form Bottom of Form About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. CONTACT: Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Mining Robotics Industry Research 2025 - Global Market Trends and Forecast to 2032: Expansion Fueled by Automation Amid Rising Safety Demands, Labor Shortages, and Efficiency Pressures
The global mining robotics market is poised for growth, expanding from US$1.49 billion in 2025 to US$2.95 billion by 2032, driven by automation, AI, and digital tech. Key catalysts include safety, labor shortfalls, and efficiency needs. Asia Pacific leads the charge. Top players like Caterpillar and ABB are innovating for safety and sustainability. Dublin, June 17, 2025 (GLOBE NEWSWIRE) -- The "Mining Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2025-2032 - (By Mining Technique, Application, Geographic Coverage and By Company)" report has been added to global mining robotics market is undergoing a transformative shift, with automation, artificial intelligence (AI), and digital technologies reshaping traditional mining operations. According to recent projections, the market is set to expand from US$1.49 billion in 2025 to US$2.95 billion by 2032, registering a robust compound annual growth rate (CAGR) of 9.6%. This growth is propelled by increasing safety concerns, labor shortages, and the urgent need for operational efficiency across both open-pit and underground mining robots are playing a pivotal role in automating high-risk operations such as drilling, hauling, inspection, and exploration. These machines are reducing human involvement in hazardous tasks, minimizing accidents, and improving productivity. From autonomous trucks and loaders to aerial drones and drilling bots, mining operations are adopting intelligent robotic solutions for both surface and subsurface mining robots are equipped with machine learning capabilities that facilitate real-time decision-making and predictive maintenance. This ensures lower equipment downtime, optimized production cycles, and cost efficiency. Drones equipped with imaging sensors are also gaining traction in exploration and monitoring, delivering rapid and precise data without risking human the shift toward electric-powered robotic systems, in place of traditional diesel machines, aligns with the mining sector's sustainability goals, reducing environmental footprints while maintaining operational Market Drivers Several critical factors are contributing to the growth of the mining robotics market: Safety and Risk Mitigation: Robotics enables remote operation in dangerous underground or open-pit environments, significantly reducing risks related to toxic gas exposure, cave-ins, or high-pressure rock zones. Operational Efficiency: Autonomous hauling and excavation robots ensure uninterrupted operations with reduced human error, increasing productivity and lowering labor costs. Technological Advancements: Integration of advanced technologies like LiDAR, seismic sensors, and hyperspectral imaging allows robots to gather highly accurate geological data, enhancing resource extraction strategies. Environmental Concerns: Electrified robotics and precision mining help reduce waste and lower greenhouse emissions, aligning with global ESG goals. Business OpportunitiesEmerging technologies such as high-precision GPS, AI, and IoT are unlocking new business opportunities in the mining robotics space. For instance, high-precision GPS enables centimeter-level navigation for autonomous vehicles even in rugged terrains, minimizing operational deviations and are investing in digital transformation strategies to build smart mining ecosystems. A notable example includes Weir's acquisition of Micromine in April 2025 to integrate advanced analytics and mine planning software into their existing platforms. This strategic shift underscores the growing market potential for interoperable robotics and AI-powered platforms that address complex challenges in exploration, resource extraction, and exploration shifts deeper underground and into more hostile environments, robotics presents a scalable solution for achieving operational goals without compromising worker AnalysisThe mining robotics market shows strong regional variation, with Asia Pacific emerging as the largest and most dynamic region. Asia Pacific: Countries like China, Australia, and India dominate the regional market, driven by the prevalence of large-scale mining projects, a push for automation, and rising mineral demand. Companies like Rio Tinto have deployed robotic haul trucks and drilling systems, enhancing both safety and productivity in operations such as those in Pilbara, Australia. Middle East & Africa: The region is rapidly adopting mining robotics to address challenges posed by extreme climatic conditions and remote mine locations. In South Africa, robotics are being used for deep-shaft mineral extraction, while Saudi Arabia's Vision 2030 initiative supports mining automation through industry-wide digitalization. North America: Driven by stringent worker safety regulations and labor shortages, particularly in the U.S. and Canada, mining companies are implementing robotic inspection drones and autonomous drilling systems to ensure efficient, safe, and sustainable operations. Competitive Landscape In September 2024, ABB unveiled its eMine Robot Automated Connection Device (ACD), offering human-free, high-power charging for electric mining trucks-a major step toward fully electric mining operations. Similarly, Epiroc's acquisition of ASI Mining consolidates its leadership in the autonomous mining space. Several global leaders are actively shaping the future of mining robotics through strategic investments, acquisitions, and innovation: Caterpillar Komatsu Ltd. Hitachi Construction Machinery Co., Ltd. Sandvik AB ABB Group Rockwell Automation Hexagon AB Cognex Corporation Epiroc Rio Tinto Mining Robotics Trends AI & ML Integration: Robots now analyze real-time data to adjust their behavior based on environmental conditions, significantly enhancing efficiency and adaptability. IoT-Enabled Monitoring: IoT integration enables 24/7 asset monitoring, preventive maintenance, and better data-driven decision-making. Precision Mining: The use of high-resolution sensor technologies and data analytics is allowing for optimized ore targeting and reduced wastage. Sustainable Practices: Electrified robots and automated systems reduce the reliance on diesel, aligning with green mining objectives. ChallengesDespite its potential, the mining robotics market faces barriers-most notably, limited payload capacity. Many existing robotic systems are not yet capable of handling the large volumes and heavy materials typical in mining operations. This restricts their deployment across all stages of the mining value chain and necessitates hybrid operations combining robotics and traditional InsightExperts believe the industry is only beginning to scratch the surface of what's possible with mining robotics. With the integration of AI, IoT, and advanced sensors, robotic systems are becoming increasingly autonomous and intelligent. Innovations in robotic drilling, haulage, and environmental monitoring will be central to the next generation of mining operations. As automation scales, companies investing early in robotic solutions are expected to reap significant cost and safety of the Global Mining Robotics Market By Mining Technique Open-Pit Mining Underground Mining By Application Drilling and Blasting Hauling Exploration Inspection and Maintenance Excavation Miscellaneous By Region North America Europe Asia Pacific Latin America Middle East & Africa For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
