The global power industry experienced a 7% rise in company filings mentions of robotics in Q2 2023 compared with the previous quarter, with the highest share accounted for by ABB India with 56% year-on-year increase, according to GlobalData’s analysis of over 78 power company filings. GlobalData’s Technology Trends in Power report offers comprehensive insights into the integration of key technologies such as IoT and smart grids in the power industry. They help understand the potential applications and benefits of these technologies, optimize asset performance, enhance maintenance strategies, and improve grid infrastructure. Buy the report here.
Notably, robotics was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of batteries and 3d printing, according to GlobalData.
Of the top leading companies in the power industry, ABB India had the greatest increase in references for robotics in Q2 2023, compared with the previous quarter. GlobalData identified 28 robotics-related sentences in the company's filings - 0.8% of all sentences - and an increase of 56% in Q2 2023 compared with Q2 2022. Enel’s mentions of robotics dropped by 14% to 12 and Avangrid’s by 50% to 2 and Xcel Energy’s by 33% to 2.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for robotics in Q2 2023 was 100.
To further understand GlobalData's analysis on Technology Trends in Power – Report Bundle, buy the report here.