Control Engineering
AUGUST 3, 2022
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. This is in line with a previous report indicating the motion control market would have a strong 2021.
Control Engineering
FEBRUARY 10, 2023
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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Control Engineering
JANUARY 19, 2023
Sustainability is a growing trend throughout manufacturing and industrial robots are no exception. External factors, from the pandemic to geopolitical insecurities and supply chain issues, have had an outsize impact on the industrial robotics sector in recent years. I don’t think that growth is slowing down any time soon.”
Control Engineering
OCTOBER 25, 2023
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.
Control Engineering
JANUARY 12, 2023
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.
Control Engineering
JUNE 28, 2023
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. The market cooled slightly in 2022 but still expanded, registering 11.9% unit shipment and 14.9% revenue growth.
Control Engineering
NOVEMBER 9, 2022
Soon, to safeguard the business and its supply chain, companies are adopting intelligent automation to build a resilient supply chain and provide better access to insights about operations. In June 2021, FPT Software announced its partnership with Sitecore, a U.S.-based In June 2021, Kofax Inc.
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