Global AGV Wireless Charging System Market 2024-2030

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    AGV WIRELESS CHARGING SYSTEM MARKET

      

    KEY FINDINGS

    1. On a global basis, the market for AGV wireless charging solutions is rapidly developing. It is predicted to expand from an estimated $105 million in 2020 to $433 million by 2027, with a compound annual growth rate (CAGR) of more than 22%.
    2. The rising usage of AGVs in a range of industries, including manufacturing, logistics, and healthcare, is driving the market for wireless charging systems. Material handling operations become more flexible and efficient with the use of AGVs.
    3.  By eliminating the need for manual battery switching or recharging, wireless charging systems save downtime and increase AGV operational efficiency. This is a critical selling point for businesses.
    4. Lithium-ion (Li-ion) batteries are the preferred power source for AGVs due to their high energy density and extended battery life. 
    5. Wireless charging improves safety by removing the need for human interaction while charging, lowering the danger of an accident. It is also useful for AGV deployment.
    6. Many wireless charging systems provide rapid charging, allowing AGVs to return to work quickly. This is especially important in sectors where time-critical processes are widespread.
    7.  The expansion of the e-commerce industry, as well as the necessity for efficient storage and logistics solutions, are important reasons driving AGV adoption and, as a result, demand for wireless charging systems.
    8.  The Asia-Pacific area has the most AGV wireless charging solutions in the market. China, in particular, has a significant presence in AGV production and is a key driver of the market.
    9.  AGV wireless charging systems are often integrated with Industry 4.0 technologies, such as IoT and AI, to enable autonomous and intelligent material handling.
    10.  AGV wireless charging systems are more environmentally friendly since they may reduce energy waste through effective charging operations and assist with responsible battery disposal.

     

    INTRODUCTION TO AGV WIRELESS CHARGING SYSTEM MARKET

     AGVs (Automated Guided Vehicles) are capable of performing contactless battery opportunity charging with an inductive wireless charging system. The technology relies on a mobile passive coil on the mobile robot and a stationary active fixed coil on the floor and a wall.

     

    AGVs are autonomous mobile robots that are used to distribute goods and products in a number of industries. They now play a crucial role in distribution centres, industrial facilities, and warehouses by enhancing internal logistics processes. AGVs were previously powered by batteries that had to be replaced and recharged manually. This method produced operational inefficiencies and was time-demanding.

     

    Wireless charging has transformed AGV operations by making it easier and more efficient to charge these autonomous vehicles. Wireless charging is now available for AGVs, removing the need for manual intervention.

     

    With the use of inductive wireless charging technology, batteries may be charged by AGVs (Automated Guided Vehicles) without requiring physical contact. The technology uses a stationary active fixed coil on the floor and wall and a mobile passive coil on the mobility robot.

     

    The mobile coil receives an alternating current from the active coil’s magnetic field. The batteries of the mobile robot are charged by this current. Until a completely charged battery is needed to replace the present one, the AGV runs on it. 

     

    With specialist changing equipment, batteries can be replaced automatically or manually (by an operator). The vehicles’ efficient, contactless, and fully autonomous power supply is made possible by innovative in-process charging techniques, which eliminate the need for the AGVs to stop

     

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    The mobile coil experiences an alternating current as a result of the active coil’s magnetic field. The battery of the mobile robot is charged using this current. Until a completely charged battery needs to be used in its place, the AGV operates on its current battery. 

     

    Specialised swapping equipment can be used to exchange batteries automatically or manually (by an operator). Innovative in-process charging technologies enable the efficient, contactless, and fully autonomous power supply of the vehicles without forcing the AGVs to pause their travel for charging breaks.

      

    AGV WIRELESS CHARGING SYSTEM MARKET SIZE AND FORECAST

      

    The Global AGV Wireless Charging System Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030. 

      

    NEW PRODUCT LAUNCH IN AGV WIRELESS CHARGING SYSTEM MARKET

                                                                           

    At LogiMAT, Wiferion is demonstrating that the wireless power supply of automated guided vehicles (AGV) and autonomous mobile robots (AMR) has achieved widespread market acceptance.

     

    These applications include the automotive industry, dispatch logistics, and cleanroom applications. The tech business will demonstrate its multi-award-winning etaLINK inductive charging systems, new software, and a variety of use cases from well-known OEMs in Hall 2, booth D17. 

     

    AGV WIRELESS CHARGING SYSTEM MARKET RECENT TECHNOLOGICAL TRENDS

    There have been significant developments in recent times related to various technicalities associated with the Global AGV wireless charging system. Some of them are as follows.

     

    Inductive Charging Technology is the most extensively utilised approach for wireless replenishment of AGVs. It works by transferring energy from a charging pad to the AGVs battery via a magnetic field. Despite its outstanding durability and efficiency, its charging range is limited.

     

    Magnetic resonance charging technology is a more widespread and relatively recent means of wirelessly recharging AGVs. It uses magnetic fields for energy transfer over a considerably larger range than inductive charging. Another distinguishing aspect of magnetic resonance charging is its efficiency.

     

    Among AGVs, radio frequency (RF) charging is the least utilised wireless replenishment method. It uses radio frequency waves to transmit energy from a charging station to the AGVs battery. Often less efficient than inductive or magnetic resonance charging, while having a larger reach.

     

    The need for high-power charging solutions is growing as AGVs become more intricate and energy-intensive. With these high-power replenishment choices, AGVs can recharge faster and more effectively.

     

    With their autonomous replenishment systems, modern AGVs may automatically dock at charging stations. This new feature increases overall operational efficiency while also saving time.

     

    Cutting-edge, software-defined recharging systems are currently in the developmental stage to optimise the recharging process for AGVs. These systems are meticulously crafted to extend the longevity of AGV batteries and elevate operational efficiency.

     

    These technological trends are poised to serve as the driving force behind the expansion of the global AGV wireless recharging system market in the years that lie ahead.

     

    AGV WIRELESS CHARGING SYSTEM DEVELOPMENTS AND INNOVATIONS

    High-power charging is becoming more and more necessary as AGVs become more sophisticated and energy-intensive. High-power charging allows for faster and more efficient charging of AGVs.

     

    For instance, WiTricity has developed a high-power wireless charging system that can finish charging an AGV battery in fifteen minutes or less. An AGV battery may be charged much faster than with traditional cable charging methods, which could take several hours.

     

    AGV charging may be optimised with the development of software-defined charging systems. This may contribute to increased operating efficiency and longer battery life for AGVs. For instance, Steriliz has created a software-defined charging system that is capable of modifying the voltage and current of charging in accordance with the condition of the AGV battery. This can prolong the battery’s life and help avoid overcharging.

     

    At LogiMAT, Wiferion will demonstrate how extensively adopted wireless power supplies for autonomous mobile robots (AMR) and guided vehicles (AGV) have become in the industry.

     

    Clean room applications, dispatch logistics, and the car industry are examples of these uses. The tech business will present its multi-award-winning etaLINK inductive charging systems, new software, and a variety of use cases from respectable OEMs.

     

    AGV WIRELESS CHARGING SYSTEM MARKET DYNAMICS

    The global market for AGV wireless charging systems is likely to grow rapidly in the coming years as a number of appealing factors combine. The rising usage of AMRs (Autonomous Mobile Robots) and AGVs (Automated Guided Vehicles) across a range of industries, including manufacturing, transportation, and warehousing, is the primary driver of this expansion.

     

    These intelligent robots are becoming increasingly enticing to businesses all over the world due to their improved automation possibilities, decreased labour costs, and better efficiency.

     

    Moreover, the market is expanding due to the growing need for autonomous material handling solutions. Systems for wireless charging are essential for enabling autonomous operation because they make it possible for AGVs and AMRs to charge without assistance from a person.

     

    There is no downtime as a result, which makes operations simpler and boosts overall productivity. However, the need for increased efficiency and safety in material handling operations is also a major factor driving market development.

     

    One way wireless charging technologies help is by removing the trip hazards associated with cords and connectors. They also go above and above by enabling AGVs and AMRs to charge while travelling, which decreases downtime and boosts output.

     

    The market’s growth is further propelled by technological advancements in wireless charging technologies. Think increased efficiency, extended range, and enhanced reliability. These innovations are making wireless charging systems all the more appealing for an extensive array of applications, driving innovation and product development and ultimately leading to more sophisticated and effective charging solutions.

     

    But, as with any growth journey, challenges rear their heads. High system costs, limited range, compatibility issues, and the lack of standardisation are the primary hurdles that need overcoming.

     

    Dealing with these obstacles through cost reduction, extending the range, standardising compatibility, and fostering industry-wide collaboration are pivotal for ensuring the continued growth of the global AGV wireless charging system market.

     

    Promising opportunities are on the horizon in the form of new battery technologies and software-defined charging systems. New-age battery technologies promise better performance, longer lifespans, and faster charging times, further elevating the appeal of AGVs and AMRs.

     

    Meanwhile, software-defined charging systems, which optimise the charging process based on real-time data and battery conditions, have the potential to significantly enhance efficiency and prolong battery life.

     

    By seizing these opportunities and surmounting the existing challenges, the global AGV wireless charging system market is poised for a remarkable growth trajectory in the years to come.

     

    AGV WIRELESS CHARGING SYSTEM MARKET SEGMENTATION

    The global AGV Wireless Charging System market has been substantially  categorised into three different sectors namely technology, application and by regional classification.

     

    By Technology

    The most popular kind of wireless charging technology for AGVs is inductive charging. Energy is transferred from a charging pad to the battery of an AGV via a magnetic field. Although inductive charging has a restricted range, it is dependable and efficient.

     

    For AGVs, magnetic resonance charging is a more recent and widely used form of wireless charging technology. Unlike inductive charging, it transfers energy over a greater distance via magnetic fields. Inductive charging is less effective than magnetic resonance charging.

     

    The least frequent kind of wireless charging technique for AGVs is radio frequency (RF) charging. Energy is transferred from a charging pad to the battery of an AGV using radiofrequency waves. The range of RF charging is great, however

     

    By Application

    The manufacturing industry is where AGV wireless charging solutions are most commonly used. AGVs are widely used to automate material handling duties in industrial plants. In these settings, wireless charging devices can assist increase productivity and decrease downtime.

     

    Logistics: Applications for AGVs can be found in distribution centres and warehouses. In these facilities, wireless charging solutions may save labour costs and increase productivity.

     

    Warehousing: To automate processes like picking and packaging, AGVs are being utilised in warehouses more and more. In these facilities, wireless charging solutions may save labour costs and increase productivity.

     

    AGVs are used in hospital settings to transport supplies and equipment. Wireless charging solutions can help these businesses improve their efficiency and safety.

     

    AGVs are used in a variety of settings, including airports, retail stores, and amusement parks. Wireless charging devices can help enhance productivity and avoid downtime in these situations.

     

    By Regional Classification

    North America is the region with the most AGV wireless charging systems. The United States is North America’s largest market, followed by Canada and Mexico.              

                                                                                                                                                                                                                                                                                                           

    Europe is the second-largest regional market for AGV wireless charging systems after North America. Germany is Europe’s largest market, followed by France, the United Kingdom, and Italy.

     

    Asia Pacific: The third-largest geographical market for AGV wireless charging systems is Asia Pacific. China is Asia Pacific’s largest market, followed by Japan, South Korea, and India.

     

    Rest of the World (RoW): RoW comprises Latin American, Middle Eastern, and African countries. In the future years, the RoW market is predicted to develop faster than the other regional markets.

     

    COMPETITIVE LANDSCAPE IN AGV WIRELESS CHARGING SYSTEM MARKET

    The global market for wireless charging systems for automated guided vehicles, or AGVs, is dynamic and evolving at a rapid pace. This market is dominated by a few large corporations that encourage innovation and growth. Siemens AG, a behemoth in electrification, automation, and digitalization, and ABB Group, known for its cutting-edge automation solutions, are two prominent firms leading the way.

     

    Powermat solutions Ltd is another prominent player in the field of wireless charging systems. Furthermore, companies such as Witricity Corporation and WiBotic Inc. have had a lot of success with their AGV-specific wireless power solutions.

     

    On the horizon are promising startups such as EvoCharge, which is becoming renowned in the AGV arena for their wireless charging technology. Chargebee and WiTricity are two more emerging startups that provide cutting-edge wireless charging methods. 

     

    Businesses are always trying to improve charging efficiency, range extension, and system cost reduction in this highly competitive sector. Cooperation is a common competitive approach, both inside the industry and with AGV manufacturers. In addition, conventional car-charging companies such as ChargePoint are becoming more and more interested in extending their reach into the AGV industry.

     

    In the global AGV wireless charging system market, businesses who can successfully manage issues including system cost, range limitations, and compatibility issues while embracing technological advancements will prevail.

     

    COMPANY PROFILE

      

    THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

    1. What is the average cost per Global AGV Wireless Charging System Market right now and how will it change in the next 5-6 years?  
    2. Average cost to set up a Global AGV Wireless Charging System Market in the US, Europe and China? 
    3. How many Global AGV Wireless Charging System Market are manufactured per annum globally? Who are the sub-component suppliers in different regions? 
    4. What is happening to the overall public, globally?  
    5. Cost breakup of a Global AGV Wireless Charging System Market and key vendor selection criteria 
    6. Where is the Global AGV Wireless Charging System Market manufactured? What is the average margin per equipment? 
    7. Market share of Global AGV Wireless Charging System Market manufacturers and their upcoming products 
    8. The most important planned Global AGV Wireless Charging System Market in the next 2 years 
    9. Details on a network of major Global AGV Wireless Charging System Market and pricing plans 
    10. Cost advantage for OEMs who manufacture Global AGV Wireless Charging System Market in-house 
    11. 5 key predictions for the next 5 years in the Global AGV Wireless Charging System Market
    12. Average B-2-B Global AGV Wireless Charging System Market price in all segments 
    13. Latest trends in the Global AGV Wireless Charging System Market, by every market segment 
    14. The market size (both volume and value) of the Global AGV Wireless Charging System Market in 2024-2030 and every year in between? 
    15. Global production breakup of Global AGV Wireless Charging System Market, by suppliers and their OEM relationship 
     
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Research Methodology
    4 Executive Summary
    5 Average B2b Price, By Region
    6 Potential Opportunities for Consumers
    7 Introduction
    8 Insights from Industry stakeholders
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Key Drivers for India AGV wireless charging system Market
    14 New product development in past 12 months
    15 Market Size, Dynamics and Forecast by Technology
    16 Market Size, Dynamics and Forecast by Application
    17 Market Size, Dynamics and Forecast by Regional Classification
    18 Competitive Landscape
    19 M&A in past 12 months
    20 Growth strategy of leading players
    21 Market share of vendors
    22 Company Profiles
    23 Unmet needs and opportunity for new suppliers
    24 Conclusion
     
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