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July 21, 2021updated 22 Feb 2022 8:15am

Is the power sector seeing the beginnings of a robotics investment boom?

Robotics deals, jobs and patents have been booming in the last few years. But is the power sector keeping up?

By Data Journalism Team

The power industry is seeing an increase in robotics investment across several key metrics, according to an analysis of GlobalData figures.

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Robotics is gaining an increasing presence across multiple industries, with top companies around the world completing more robotics deals, hiring for more robotics roles and mentioning it more frequently in company reports at the start of 2021.

GlobalData’s thematic approach to sector activity seeks to group key company information on hiring, deals, patents and more by topic to see which industries are best placed to weather the disruptions coming their way.

These themes, of which robotics is one, are best thought of as “any issue that keeps a CEO awake at night”, and by tracking them, it becomes possible to ascertain which companies are leading the way on specific issues and which are dragging their heels.

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Robotics in Power: Job posting trends Q2 2020 to Q1 2021

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One area in which there has been a decrease in robotics investment among power companies is in the number of deals. GlobalData figures show that there were four robotics deals in power in the second quarter of 2019. By the second quarter of 2021, that number was one.

Hiring patterns within the power sector as a whole are pointing towards an increase in the level of attention being shown to roles related to robotics. There were 469 actively advertised-for open power roles within the industry in the second quarter of this year, up from 194 in the same quarter last year.

It is also apparent from an analysis of keyword mentions in financial filings that robotics is occupying the minds of power companies to a lesser extent.

There have been 24 mentions of robotics across the filings of the biggest power companies in Q2 2021. This figure represents a decrease compared to the same period in 2019, when industry filings mentioned robotics 101 times.

Robotics is decreasingly fueling innovation in the power sector. There were, on average, 111 power patents related to robotics granted in the second quarter of 2019. That figure has fallen to 21 patents in the last quarter of 2020.

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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