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Global manufacturing industry growth reached 3.8% in 2022

Control Engineering

Machinery sectors have performed better than the manufacturing sector overall, and despite current challenges the next global downturn for manufacturing is not expected until late 2025 or early 2026. The next manufacturing downturn is expected in 2026, but to a lesser extent than in 2020. in 2022, compared to 3.3%

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Robotic process automation market projected to reach $70 billion by 2032

Control Engineering

According to the analysis by FMI, the demand is increasing for robotic process automation in healthcare, as robotic process automation can mimic human interaction, allowing them to log in to applications, move files, fill forms, and more. Other key developments in the global market include: In August 2020, OnviSource, Inc.

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Data centers at the front line of future motor technology

Control Engineering

To support this increase in data, infrastructure in the form of data centers is continuing to be built and leased out to companies in need of server space. In 2020, the largest industrial/commercial motor vendor in the world, ABB, released its EC Titanium motor. This would represent a 146 x increase from 2010 levels.

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The electric steel dilemma and its impact on motor vendors

Control Engineering

The process which takes place after crude steel is formed dictates the kinds of things the material can be used for. Within electric motor manufacturing, electric steel can make up as much as 20% of the bill of material. It is no surprise then that the average selling price of an electric motor is up 35-40% compared to January of 2020.