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Modest global manufacturing growth expected

Control Engineering

Manufacturing insights Manufacturing decline is now expected in 2024 rather than 2026. The Americas enjoyed a strong year for manufacturing growth in 2022, but labor shortages continue to hamper US manufacturers. Chinese manufacturing economy gets back on its feet after a turbulent period. In 2022, U.K.

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Global manufacturing industry growth reached 3.8% in 2022

Control Engineering

Market Insights Machinery sector growth outperformed manufacturing in 2022. London, 31 st January 2023 – Updated research by Interact Analysis shows that Asia Pacific (APAC), Europe and the US have performed very differently in terms of manufacturing output growth during 2022. Americas region to grow by 3.1% for Europe.

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Global motion control market grows more than 20% in 2021

Control Engineering

Labor shortages remain a problem for motion control vendors, but this is a common lament for many in the manufacturing and engineering markets. This growth will continue out to 2026, but at a slower pace with a compound annual growth rate (CAGR) of 5.5%. It may have an impact on growth, but more from a supply side.

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Low-voltage ac motor market grows 21.2% in 2022

Control Engineering

These increased sales are part of a larger trend within manufacturing as companies look to fill the skills and labor gaps by any means necessary to keep up with production, which has remained red-hot the last few years. The demand for motors tends to mirror the performance of the manufacturing sector. Courtesy: Interact Analysis.

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Robots-as-a-service creates opportunities, lowers automation adoption barriers

Control Engineering

We manufacture robots. million installations of RaaS by 2026 generating $34 billion in revenue. Two RaaS options. Aethon’s philosophy has always been to be a vertically integrated company. So, we do our own engineering and design,” Seiff said. “We We sell the robots. As Seiff put it: “RaaS is more than a pricing model.”.

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Machine vision, automation streamline logistics and warehousing operations

Control Engineering

Due to staffing shortages and major supply chain issues, manufacturers are willing to emphasize automation more to meet surging demand. By 2026, that number is expected to more than double, accelerated by a global pandemic and growing e-commerce industry. Machine vision insights.