Construction Digital Magazine December 2021 | Page 89

Construction robots market growth

Construction robots market growth

The global market for Construction Robots , estimated at US $ 87.4 Million in 2020 , is projected to reach US $ 218.7 Million by 2026 , growing at a CAGR of 16.4 % over the analysis period , according to Global Industry Analysts ’ research . The Construction Robots market in USA is estimated at US $ 30.7 Million in 2021 . China , the world ’ s second largest economy , is forecast to reach a projected market size of US $ 38.3 Million by 2026 , trailing a CAGR of 15.8 %. Among the other noteworthy markets are Japan and Canada , each forecast to grow at 14.5 % and 14.1 % respectively . Within Europe , Germany is forecast to grow at approximately 12.1 % CAGR . be safely and effectively deployed , according to McKinsey .
Producing individual components , or modules , in factories lends itself to much more machine use than what can be done on-site . McKinsey estimates that about 15-20 % of new building construction will be modular in the United States and Europe by 2030 .
Nexxis Magneto-EX targets hazardous inspections , Gilbane and Nextera team up Western Australian-based robotics firm Nexxis claims to have developed the world ’ s first , fully design-approved EX-rated robotic camera inspection device — Magneto-EX . The spider-like device , with its magnetic feet , is the first system to be developed which is suitable for use in hazardous area inspections .
Nexxis ’ managing director Jason De Silveira says Magneto-EX is a game changer not only for the oil and gas sector , but any industry where there is a need for hazardous , confined space inspections .
“ Whether it ’ s operating at heights , deep underground or in the presence of toxic chemicals , industrial worksites are dangerous places . And confined spaces pose the biggest risk in terms of death or injury . Anything that can be done to keep humans out of these environments is a great step forward .
“ Until now , robotic inspections haven ’ t been possible in confined and hazardous spaces due to the risk of ignition . But Magneto-EX changes all that . With its design
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