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Could the market for automated warehouse storage & retrieval systems hit $15bn by 2030?

Investment in warehouse automation and management systems continues to rise as supply chains look to resolve exposed weaknesses and create greater resilience to macroeconomic headwinds.

According to ABI Research, Automated Storage & Retrieval System (AS/RS) revenues are expected to surpass $15 billion globally by 2030, and Warehouse Management System (WMS) revenues are expected to exceed $10 billion by the same period.

Ryan Wiggin, Supply Chain Management & Logistics Industry Analyst at ABI Research, said: “Global supply chain challenges over the last three years have highlighted the need for digitalisation and a deeper restructuring of inventory management. Labor constraints, geopolitical trade shifts, and inventory gluts continue to pressure warehouse operations, and the most impacted organisations continue to be those with lower focus on digital transformations.”

AS/RS vendors, including AutoStore, Ocado, and Swisslog, as well as Autonomous Mobile Robot (AMR) vendors such as inVia Robotics, Locus Robotics, and Vecna Robotics, are leading the structural automation charge, while established and emerging WMS vendors such as Blue Yonder, Manhattan Associates, and Snapfulfil continue to add new functionalities to orchestrate and optimize both the manual and automated workflows.

In addition to the growth in automation and management systems, high investment in hardware and devices is expected to increase worker productivity, as manual worker involvement remains necessary alongside the adoption of automated equipment. Global shipments of handheld devices for warehouse workers will grow at a CAGR of 20% to 2030, led by market leaders such as Zebra and Honeywell.

New warehouse building is expected to drop by as much as 35% in 2023 compared to 2022. It is creating an even greater incentive to invest in the automation of current facilities to ease operational constraints. Disruption to new developments will be short-lived, with steady growth in warehouse construction expected to 2030, led by a much greater CAGR in global e-commerce fulfillment center development at 18%.

“Successful deployments by Tier One organizations continue to spur the adoption of technologies within small-medium enterprises. Solutions providers must continue to offer accessible adoption through as-a-service models and scalable structures, and exploring partnerships with complementary technology will be key to deploying market-leading end-to-end solutions,” concluded Wiggin.

These findings are from ABI Research’s Smart Warehousing market data report.

Image by falco from Pixabay

Global enterprise ready to spend $70bn on smart energy solutions

Businesses are being compelled to reassess their energy purchase agreements with utilities, contemplate installing renewable microgrid systems, and prioritise energy efficiency, spending a stunning $70 billion on smart energy solutions by 2030.

That’s according to ABI Research, which points to escalating energy prices posing a formidable obstacle to businesses and industries worldwide. It predicts that by 2023, those prices will surge to a global $1.73 trillion enterprise spend on electricity consumption (which considers the electrification acceleration of vehicle fleets and robots).

“Smart energy is no longer just the prerogative of centralized energy utilities. Enterprises and industries are assuming an increasingly important role in renewable energy generation. They are essentially becoming agents in the building and managing of collectively owned smart energy networks, assets, and solutions. Additionally, businesses will actively participate in new (renewable) energy markets, including trading on spot markets,” explained Dominique Bonte, Vice President, Verticals & End Markets at ABI Research.

ABI’s Smart Energy for Enterprises and Industries research service looks at smart energy through the lens of both enterprises and industries such as manufacturing, supply chain, oil and gas, and data centers. Aspects covered range from on-site solar and wind farms to energy efficiency management, Battery Energy Storage Systems (BESS), and advanced Power Purchase Agreements (PPAs), enabling enterprises to lower the cost of their energy consumption, transition away from fossil fuel energy sources, improve energy quality and reliability, and achieve more energy resilience. 

“As the global demand for smart energy intensifies, enterprises and industries are embracing the imperative of sustainability and cost efficiency. With an urgency to navigate disrupted energy markets, attaining energy independence and transitioning to renewable sources becomes paramount. ABI Research’s Smart Energy for Enterprises and Industries research service will serve as a vital compass, offering strategic guidance on leveraging cost-saving technologies and services to achieve these transformative goals,” Bonte concluded.

Image by Emilian Robert Vicol from Pixabay