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Global motion control market grows more than 20% in 2021

Control Engineering

The motion control market is experiencing strong growth, particularly in Asia-Pacific, as a mix of strong demand and supply chain constraints are giving suppliers a lot of leverage when it comes to prices. It may have an impact on growth, but more from a supply side. billion, which is more than the entire APAC market in 2021.

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North American robot sales reach record high in 2022

Control Engineering

2022’s growth was sparked by a rebound in the automotive industry as companies are looking to robots to keep the supply chain going and help in the growing electric vehicle (EV) market. billion last year, representing increases of 11% and 18%, respectively, over 2021, the previous record. This is likely going to continue.

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Six industrial robotics trends for 2023

Control Engineering

Industrial robotics insights Robotics are being used more often in industrial manufacturing facilities due to a rising labor and skills gap and strong industry demand. Sustainability is a growing trend throughout manufacturing and industrial robots are no exception. Global robotics Venture Capital (VC) investment reached US$5.7

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Impact of WEG, Regal Rexnord acquisition on motor market

Control Engineering

WEG’s handling post-pandemic supply chain constraints has led to a 2.5% In late September, the world’s second-largest low voltage ac motor manufacturer, WEG, announced it would acquire the industrial electric motors and generators business from Regal Rexnord for $400 million.

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Global robot market growth projected to be steady

Control Engineering

in 2022 thanks to long-term demand for industrial robots to be fueled by the electric vehicle (EV) manufacturing sector. Global economic volatility and supply chain disruptions are having a huge impact on the market for industrial robots, which has led to project delays and decreased spending on automation projects.

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Low voltage ac drive unit sales grow thanks to strong Asia market

Control Engineering

Supply chain problems, semiconductor shortages and the war in Ukraine continue to affect global markets. Research from Interact Analysis reveals order backlogs resulting from the COVID-19 pandemic fueled the sector over the year, while most drive manufacturers also reported price increases in 2022.

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Induction motors market will reach $40.5 billion by 2032

Control Engineering

The need for induction motors is expected to rise as the electric vehicle (EV) sector grows because manufacturers are turning to them for their low maintenance requirements. It is an excellent choice for the manufacturing and automotive industries because to its durability and low maintenance needs. billion in 2032. is expected.