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The Worldwide Robot Preventive Maintenance Industry is Predicted to Reach $10 Billion by 2030

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Dublin, June 22, 2022 (GLOBE NEWSWIRE) — The “Robot Preventive Maintenance Market by Type, by Mobility, by Component by Application and by End User – Global Opportunity Analysis and Industry Forecast, 2022 – 2030” report has been added to ResearchAndMarkets.com’s offering.

The Robot Preventive Maintenance Market size was valued at 4.23 billion in 2021 and is predicted to reach 10.05 billion by 2030 with a CAGR of 10.1% from 2022-2030.

Preventive maintenance of industrial robots is critical for improving their performance and dependability. Also, the productivity and functionality of industrial robots must be maintained. As a result, it should be examined and maintained on a regular basis. By replacing damaged components and diagnosing issues before they lead to failure, preventive maintenance helps to avert equipment breakdown.

Preventive maintenance performed by robots may also provide exact metering on grease replacement to protect against overpressure. In addition to this, maintenance programs can be tailored to each robot. If robots are not subjected to routine preventative maintenance, components may fail, resulting in affecting the company’s output.

Market Dynamics and Trends

In the manufacturing industry, robot preventive maintenance (PM) is becoming a significant component of effective maintenance programs. Robots have become indispensable in the industrial business, helping to protect a larger percentage of the industry. Furthermore, the workers may also extend the life of their equipment and make it safer to operate by using a more automated and preventative maintenance strategy.

As a result, all of these factors are expected to propel the robot preventive maintenance market forward over the projected period. Increased reliance on robots, as well as predictive maintenance systems, is necessary to keep essential devices’ functioning smooth. Furthermore, Artificial Intelligence (AI) systems are the most useful tools for recognizing patterns, making predictions, and generating action ideas. AI will demonstrate an unrivalled capacity to handle enormous amounts of data in order to develop predictive models by utilizing these sophisticated technologies. Many firms are looking forward to being more predictive along with employing a combination of robotics and AI technologies to avoid downtime.

However, industry players, on the other hand, frequently find it difficult to develop an in-house preventative maintenance solution. Obtaining authority to engage a team to maintain robotics equipment at a business may appear to be a challenging. Many facility managers pick preventative maintenance but are soon dissatisfied since they don’t know where to start. Smaller firms have always been unable to afford the expense of integrating modern digital preventative maintenance systems. Preventative maintenance is typically regarded as a luxury from high-priced software-designed solutions to assigning man-hours to accomplish the duties.

Market Segmentations and Scope of the Study

The robot preventive maintenance market is segmented on the basis of type, mobility, application, component, end user, and geography. On the basis of type, the market is divided into SCARA modular robots, articulated modular robots, collaborative modular robots, cartesian modular robots, parallel modular robots, and others. On the basis of mobility, the market is bifurcated into fixed robots and mobile robots.

On the basis of application, the market is categorized into material handling, assembly, welding, painting, cutting, pick and place, and others. On the basis of component, it is divided into hardware, software, and service. On the basis of end user, it is segmented into logistics, aerospace & defense, healthcare, food & beverages, automotive & transport, manufacturing, media & entertainment, and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North American region has one of the most technologically advanced manufacturing sectors in the world, with some of the major electronics, automotive, and semiconductor industries. Moreover, with high production demands in the region, the utilization of IoT-enabled robotic manufacturing equipment are playing crucial role for the region’s manufacturing industries.

According to an article published by Forbes Media LLC in March 2021, smart factories in the North American region are expected to exceed more than USD 500 billion in valuation by the end of 2022. Such instances are showcasing the region’s highly advanced and tech-savvy manufacturing sector, which promises some great opportunities for the growth of the robot preventive maintenance market.

The robotics industry in the Asian region has shown an upward trend in the past few decades. In February 2017, the International Federation of Robotics (IFR) reported an increase of over 70%. Such growing demands for industrial robots in the region is expected to drive the robotic services market including the robot preventive maintenance market. Moreover, the rising digital transformation and economic development of the region is anticipated to further drive the growth of the robot preventive maintenance market in the region.

Competitive Landscape

The robot preventive maintenance market comprising of various market players such as ABB, Yaskawa Electric, NACHI-FUJIKOSHI CORP, DENSO CORPORATION, Kawasaki Heavy Industries, Ltd, KUKA AG, and IRobot Corporation. Other players operating in this market include FANUC CORPORATION, Mitsubishi Electric Corporation, and Sony Corporation.

These market players are adopting various joint venture strategies, planning expansion of business across various regions and making new product launch to maintain their dominance in the robot preventive maintenance market. For instance, in January 2021, ABB announced the launch of a new Condition-Based Maintenance (CBM) service that enables robot users to create a preventive maintenance schedule for individual or robot fleets based on real-time operational data to optimize productivity and minimize downtime.

Key Topics Covered:

1. Introduction

2. Robot Preventive Maintenance Market – Executive Summary

3. Market Overview
3.1. Market Definition and Scope
3.2. Market Dynamics

4. Covid-19 Impact Analysis
4.1. Impact on Market Size

5. Market Share Analysis
5.1. Market Share Analysis of Top Robot Preventive Maintenance Providers, 2021

6. Global Robot Preventive Maintenance Market, by Component
6.1. Overview
6.2. Hardware
6.3. Software
6.4. Services

7. Global Robot Preventive Maintenance Market, by Type
7.1. Overview
7.2. Articulated Robots
7.3. Scara Robots
7.4. Collaborative Robots
7.5. Cartesian Robots
7.6. Parallel Robots
7.7. Other Types

8. Global Robot Preventive Maintenance Market, by Mobility
8.1. Overview
8.2. Fixed Robots
8.3. Mobile Robots

9. Global Robot Preventive Maintenance Market, by Application
9.1. Overview
9.2. Material Handling
9.3. Assembly/Diassembly
9.4. Welding
9.5. Painting
9.6. Cutting
9.7. Pick and Place
9.8. Other Applications

10. Global Robot Preventive Maintenance Market, by End-user
10.1. Overview
10.2. Automotive & Transportation
10.3. Aerospace & Defense
10.4. Healthcare
10.5. Food & Beverages
10.6. Logistic
10.7. Manufacturing
10.8. Media & Entertainment
10.9. Others

11. Global Robot Preventive Maintenance Market, by Region
11.1. Overview
11.2. North America
11.3. Europe
11.4. Asia-Pacific
11.5. Rest of the World

12. Company Profiles
12.1. Abb
12.2. Yaskawa Electric Corporation
12.3. Nachi-Fujikoshi Corp
12.4. Denso Corporation
12.5. Kawasaki Heavy Industries, Ltd
12.6. Kuka AG
12.7. Irobot Corporation
12.8. Fanuc Corporation
12.9. Mitsubishi Electric Corporation
12.10. Sony Corporation

For more information about this report visit https://www.researchandmarkets.com/r/xrkni2


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Artificial Intelligence

CGTN: 3rd CMG Forum in Beijing discusses AI development

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BEIJING, May 1, 2024 /PRNewswire/ — Focusing on the development of AI, the third CMG Forum was held on Monday in Beijing.

Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and the head of the Publicity Department of the CPC Central Committee, attended the opening of the event and delivered a speech.
Guests at the forum stressed the role of media in promoting the innovative application of AI as well as its governance.
Efforts should also be made to boost the development of AI in creating positive, healthy, diverse and high-quality content, so that AI can become a force for good and benefit mankind, they agreed.
They also called on media to accelerate intelligent transformation and help bridge international exchanges and cooperation on the governance of AI to facilitate its healthy, orderly and safe development.
Hosted by China Media Group (CMG), the forum attracted more than 200 participants from international organizations, media, think tanks and multinational companies.
“Innovation and breakthroughs in science and technology not only guide the development and progress of human civilization, but also bring uncertainty to the changing world,” said Shen Haixiong, vice minister of the Publicity Department of the CPC Central Committee and president of CMG. He called for efforts to jointly create valuable and responsible artificial intelligence.
AI technology is affecting every aspect of our lives. Thomas Bach, president of the International Olympic Committee (IOC), stated in a video speech that CMG has always been a partner of the IOC, bringing the charm of the Olympic Games to hundreds of millions of Chinese viewers. He said the IOC invites CMG to work together for the creation of a future with the application of AI in Olympic sports.
“From ancient inventions such as silk, printing and the compass to modern technological advances such as robotics, telecommunications and green technology, China has always been committed to innovation and creation,” said Daren Tang, director general of the World Intellectual Property Organization (WIPO). He said WIPO pays close attention to ensuring a balance between the opportunities and risks of artificial intelligence and is committed to strengthening cooperation to ensure that artificial intelligence is properly used.
https://news.cgtn.com/news/2024-04-30/3rd-CMG-Forum-in-Beijing-discusses-AI-development-1tdDcXvCexG/p.html

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Trianz Appoints Sridhar Kannan as Practice Leader – Digital, Elevating its Leadership in the Global Digital Transformation Space

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SANTA CLARA, Calif., May 1, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Sridhar Kannan as Practice Leader – Digital. With over 25 years of extensive experience in technology and business leadership, Sridhar joins Trianz to lead the expansion of Trianz’s Digital Practice, forging strategic alliances and expanding the business footprint.

Sridhar’s appointment comes at a transformative phase for Trianz as it solidifies its commitment to redefining the digital landscape with an “IP Led” model. This strategic shift is powered by Trianz’s cutting-edge hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace. Sridhar’s visionary leadership in technology-led business transformations across diverse sectors will be instrumental in leveraging IP-led models and innovative methodologies to position Trianz at the forefront of digital transformation.
“We are thrilled to welcome Sridhar Kannan to the Trianz family,” said Seshi Vanguru, Chief Revenue Officer at Trianz. “His appointment marks a significant stride in Trianz’s journey toward innovation and excellence. Sridhar’s wealth of experience and exceptional leadership skills will elevate our Digital Practice to new heights, reaffirming our commitment to delivering exceptional value to our clients.”
Sridhar is recognized as a client-focused technology and business transformation executive with a remarkable track record of helping Banking and Financial Services organizations in business transformation and product innovation using applications, cloud, data, and digital solutions. His extensive prior experience at industry giants such as Wipro, Cognizant, and Infosys include successfully leading Fortune 10 global client relationships and implementing transformative solutions across Banking, Financial Services, and Healthcare industries. Sridhar is highly regarded for his ability to lead global cross-functional teams, foster collaboration, and achieve aggressive business goals while consistently delivering high levels of client satisfaction.
“I am deeply honored to join Trianz and contribute to its mission of shaping the future through digital transformation,” said Sridhar. “Together, we will push the boundaries of what’s possible and drive meaningful impact for our clients in this rapidly evolving digital landscape.”
Based out of Minnesota, US, Sridhar has steered numerous clients towards success through the strategic application of Digital, Cloud, Product Engineering, Data, AI, and Application services, making him a seasoned strategist in today’s dynamic digital landscape. His appointment marks a significant milestone in Trianz’s journey to nurturing talent and delivering world-class solutions.
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our “IP Led Transformations” approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media Team : [email protected]+1-408-387-5800
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2024 World Digital Health Forum: AI at the Forefront of Healthcare Innovation

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BEIJING, May 1, 2024 /PRNewswire/ — Hosted by Tsinghua University and its partners, the 2024 World Digital Health Forum emerged as a cornerstone of the ZGC Forum’s AI Theme Day. Held in Beijing’s tech-centric Haidian District, this event attracted over 700,000 online attendees from around the globe. The forum was a collaboration with the Haidian District People’s Government, the Chinese Institute of Electronics, Tsinghua University School of Clinical Medicine, and the China Association for the Promotion of Science and Technology Industrialization, highlighting pioneering innovations and fostering global partnerships to enhance patient well-being.

The Forum showcased an impressive lineup of speakers, each contributing unique insights into the evolving digital health landscape. Notable among them were Dong Jiahong, President of the Academic Committee at Tsinghua University School of Clinical Medicine, and Andrew Chi-Chih Yao, Dean of the Institute for Interdisciplinary Information Sciences at Tsinghua University and the recipient of the 2000 Turing Award. Speeches from Mustafa Shehu, President of the World Federation of Engineering Organizations, and Martin Taylor, WHO Representative in China, enriched the overall perspectives presented at the Forum. Attended by 19 academicians and 70 deans, the event spurred extensive discussions on the future of healthcare in an era increasingly shaped by AI.
A highlight of the Forum was the release of the “Tsinghua Urban Health Index,” which provides a comprehensive assessment of health services across 296 Chinese cities, establishing a new benchmark in health metrics to aid governmental and regional health planning. In addition, the “World Digital Health Forum Declaration” was ratified, laying down a robust framework for universal access to healthcare, and underscoring the importance of collaboration, ethical standards, and innovation-driven changes in global healthcare practices.
The Principal’s Dialogue, a pivotal segment of the Forum, brought together leaders from premier universities to discuss advancing new productive forces and constructing a robust medical talent-cultivating system. During this session, Tsinghua University highlighted its plans to develop an integrated education system connecting hospitals, medical schools, and research institutions. This approach aims to nurture students who are not only skilled in interdisciplinary collaboration but also deeply grounded in humanistic values. The dialogue explored the transformative impact of AI and digital technologies in enhancing diagnostic accuracy and treatment efficacy. They particularly noted the potential for these technologies to enable real-time, remote medical guidance in regions with limited medical resources, enhancing a balanced healthcare delivery nationwide. Additionally, panelists stressed the importance of maintaining an ethical and patient-centric approach in developing and adopting digital health technologies. They advocated for dynamic systems that can adapt to the evolving needs of patients throughout their lifetimes.
The 2024 World Digital Health Forum facilitated high-level discussions and catalyzed future innovations in the digital health sphere. It aims to advance the digital health industry, integrate digital technologies with health and life sciences, and foster new developments in health careers. In doing so, it seeks to enhance global health outcomes and contribute to the collective well-being of communities globally.
Media Enquiries: 
Global Communication Office, [email protected]
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