Robots and the Future of Refrigerated Warehousing and Storage
Robots and the Future of Refrigerated Warehousing and Storage
This information guide explores the transformative role of robotics in the future of refrigerated warehousing and storage. Key statistics underline that the global cold storage market size is expected to reach $212.54 billion by 2025, growing at a compound annual growth rate (CAGR) of 10.3% from 2020 to 2025. Also, it's suggested that integrating robotics in warehousing operations could increase productivity by 20%-30%. Finally, it's expected that the industrial robotics market will hit $41.23 billion by 2020.
Global Cold Storage Market Size - As per recent research conducted by Grand View Research, the global cold storage market size is foreseen to advance to $212.54 billion by 2025. This surging growth, recording a CAGR of 10.3% from 2020 to 2025, is due to the accelerated demand for refrigerated storage in the food and pharmaceutical sectors. Robotics is poised to play a substantial role in meeting this demand, delivering enhanced efficiency, accuracy, and lower operational costs.
Productivity Increase in Warehousing Operations – Introducing robotic systems into warehousing operations has been shown to increase productivity by 20% to 30%. These unmanned systems take over routine, repetitive tasks, enabling human employees to focus on higher-level functions that require decision-making skills and critical thinking. Additionally, robotics significantly mitigates the risk of errors, ensuring accuracy, and maximising efficiency.
Industrial Robotics Market Outlook - The global industrial robotics market is anticipated to see a significant spurt, predicted to reach $41.23 billion by 2020. A large chunk of this growth is destined to come from the warehousing and storage sectors. The advent of next-generation technological solutions like cognitive computing, AI, and IoT promise to fuel this upswing, with robots becoming an integral part of cold storage warehouse operations.
Key Takeaways
- The global cold storage market size is likely to propagate to $212.54 billion by 2025, with a CAGR of 10.3% from 2020 to 2025.
- The integration of robotics in warehousing operations can potentially boost productivity by 20%-30%.
- The industrial robotics market is set to hit $41.23 billion by 2020.
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3Laws Robotics is making strides in this exciting new frontier. The firm concentrates on advancing the safety and reliability of robotic systems, tackling the significant challenge of certification. The company’s robust safety-enhanced software, 3Laws Supervisor, is designed to streamline the certification process and offer evidence of system robustness.
Built on Control Barrier Functions (CBFs), a technology crafted at Caltech, 3Laws claims to deliver mathematically provable safety. The company's technology has already found a range of applications, from warehouse automation, in which it aided an autonomous forklift customer in achieving a 40% efficiency gain, to dynamic environments, where its reactive collision avoidance abilities enable effective navigation.
The 3Laws Supervisor software is versatile, operating across a myriad of platforms like mobile robots, cars, drones, and manipulators. Its compatibility with popular robotics middleware such as ROS and ROS2 marks 3Laws as a safety solution of the future. The firm aims to revolutionize traditional safety methods, offering a proactive approach that unlocks the full potential of robotics, ensuring dynamic, predictive safety which is ISO 3691-4 and ISO 26262 certified.