Industrial robots on the move to meet the demand for new energies
Industrial robots are expected to see rapid growth in China as the recovery of downstream manufacturing and the expansion of lithium battery production, new energy vehicles and other industries drive demand.
Estun Automation Co Ltd, a major Chinese industrial robot company, said the company was working overtime to fulfill orders.
The Nanjing, Jiangsu Province-based company said that since May, the market demand for industrial robots represented by medium- and heavy-duty robots has increased rapidly, and its industrial robot production lines are running at full speed. speed.
Estun is not alone. A series of Chinese industrial robot companies are seeing a recovery in demand for their products, as customers such as new players in the energy industry have resumed work and increased production capacity as part of the… better containment of the COVID-19 pandemic.
Faced with the growing demand, some companies have raised the prices of industrial robot products. Efort Intelligent Equipment Co Ltd, for example, issued a price adjustment letter stating that from July 1, prices for all robotic products would increase by 3-10%.
Meng Pengfei, an analyst with Chinese securities firm Kaiyuan Securities, said new energy vehicles, lithium batteries, photovoltaics and other highly prosperous downstream industries are accelerating the expansion of production, which relies more and more on automated manufacturing and is driving the demand for industrial robots.
“Industrial robots have become an important tool for the production of lithium batteries. High-performance, high-speed and high-stability industrial robots can provide more economical and efficient production solutions for lithium battery production,” Meng said.
Chinese factory activity rose in June for the first time in four months, with the official Purchasing Managers’ Index for China’s manufacturing sector in June hitting 50.2, the National Bureau of Statistics said. The data suggests that the country’s economic recovery is gaining momentum. pace in a context of better control of the COVID-19 pandemic and more substantial political support.
China has been the world’s largest market for industrial robots for eight consecutive years. The Ministry of Industry and Information Technology said in a five-year plan that the operating profit of China’s robotics industry is expected to grow at an average annual rate of 20 percent from 2021 to 2025.
In 2020, robot manufacturing density, a metric used to gauge a country’s level of automation, reached 246 units per 10,000 people in China, nearly double the global average. Wang Weiming, a ministry official, said China aims to double its manufacturing robot density by 2025.