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Manufacturing, global economy: Mild 2024 recession

Control Engineering

Offset a mile recession in 2024 and depression in 2030 in part with manufacturing automation. Be prepared: Companies have the opportunity to pull ahead and improve automation and efficiency in operations and reduce supply chain bottlenecks. Manufacturing economy insights. Manufacturers need to prepare for 2030.

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Manufacturing industry recovery dependent on prudent fiscal policies

Control Engineering

Global manufacturing insights The Interact Analysis Manufacturing Industry Output (MIO) Tracker predicts a slight dip in global manufacturing industry output in 2024, followed by an uptick in 2025, contingent on appropriate fiscal policies and stimulus initiatives. contraction – rather than 0.3%

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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. WEG’s President, Harry Schmelzer Jr.,

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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. through to 2027.

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Global robot market growth projected to be steady

Control Engineering

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. Interact Analysis forecasts that the Chinese market will account for over 60% of industrial robot unit shipments from 2024.

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Application scenarios key to collaborative robot market success

Control Engineering

and European collaborative robot market as a result of inflation and ongoing supply chain disruptions. Interact Analysis forecasts that EMEA will begin to recover in the second half of 2023 and into the first half of 2024, while recovery in the U.S. manufacturing downturn expected in 2024.

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Components in industrial robots market forecasting strong growth

Control Engineering

Prices of key components continue to decline In 2022, price increases for key components in industrial robots were prevalent in all major regions, due to supply chain disruptions, chip shortages, increased raw material prices and inflation.