Industry News

The Energy Management System (EMS) market in 2022 was valued at $41.62 billion, and is expected to reach $132.77 billion by 2030 at a CAGR of 15.60% over the forecast period 2023-2030. 

The integration of Industry 4.0 principles, such as Internet of Things, is driving the demand for engineering polymers used in smart manufacturing equipment and sensors. The materials need to withstand harsh industrial environments.

According to a recent study on “Iron Powder Market Forecast to 2030,” the iron powder market size was valued at $1.8 billion in 2022 and is expected to reach $2,88 billion by 2030.

A recent market study shows that the predictive maintenance market is expected to grow from $5.3 billion in 2021 to $26.5 billion by 2028. The market is anticipated to grow at a CAGR of 27.4% from 2022 to 2028. 

Howard Community College (HCC) in Columbia, Md., has launched an $11 million capital campaign in support of a new campus-based workforce development and skilled trades center. 

Siemens Digital Industries Software and Ricoh have begun a collaboration to realize the industrial aluminum Binder Jetting (BJT) solution for mass production.

Netlogistik hosted its first annual Innovation Day for the US on November 8 in Grapevine, Texas. The company invited leaders and experts from throughout the supply chain and logistics industry to provide attendees with a "transformative experience."

According to a recent research study, the demand of global 3D Motion Capture System Market size & share was valued at approximately $340 Million in 2022 and is expected to reach $373 Million in 2023 and continue to grow through the decade to reach a value of around $670 Million by 2032.

The  Monthly Leasing and Finance Index is a survey of 25 companies representing a cross-section of the $1 trillion equipment finance sector that shows, in near real-time, that the overall new business volume for September was $9.7 billion, down 5 percent year-over-year from new business volume in September 2022.

The robot market, in terms of revenue, was estimated to be worth $74.10 billion in 2022 and is poised to reach $231.48 billion by 2030, growing at a CAGR of 15.3% from 2022 to 2030 according to a new report published by The Insight Partners.

The chillers market is expected to grow from $9.97 billion in 2022 to $14.87 billion by 2030; registering a CAGR of 5.1% from 2022 to 2030,according to a new report.

Rising costs and supply chain disruptions are rated top concerns by over 50% of manufacturers surveyed for a new report of North American manufacturers. Automation leads to 30% higher revenue growth in face of rising costs and supply chain disruption.

Strategic design for pressure-reducing aerospace applications protect mission-critical systems

The global carbon steel market size is anticipated to reach $1.2 trillion by 2030 at a CAGR of 3.72%, according to a new report.

The Low-Speed Electric Vehicle Market Forecast and Global Analysis to 2030 report found that the market is expected to grow from $5.52 billion in 2022 to $8.48 billion by 2030; and is anticipated to grow at a CAGR of 5.5% from 2022 to 2030.

The Global Industrial Cleaning Solvents Market is estimated to grow from $1.1 billion in 2022 to $1.4 billion by 2028, at a CAGR of 4.3%, as per the recent study by MarketsandMarkets. The demand for industrial cleaning solvents increased due to speedy industrial development, increased demand by end-use industries, and hygiene initiatives at a place of work.

The global CNG compressors market size was valued at $3.46 billion in 2023 and is projected to grow to $5.92 billion by 2030, exhibiting a CAGR of 8% during the forecast period (2022-2030).

The real time production monitoring market is projected to be worth $5.13 billion in 2022 and is poised to reach $12.56 billion by 2030, growing at a CAGR of 11.8% from 2022 to 2030.

A California-based manufacturer of precision aerospace bushings has installed a new inspection system to achieve 100 percent inspection of its parts.

Manufacturing is one of the top industries targeted by cyberattacks, but there are specific steps that companies can take to reduce the risk of these attacks, according to a new white paper.