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Ultra-low voltage motor, motor drive industry growth driven by mobile robotics, increased flexibility

Control Engineering

billion by 2027, driven by demand from battery-driven applications and increased flexibility in manufacturing and logistics processes. Mobile robots are expected to account for a significant portion of the market by 2027. By 2027, the ultra-low voltage motor market will be worth almost $6.5 between 2022 and 2027.

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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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Ultra-low voltage motors market expected to have double-digit growth

Control Engineering

billion by 2027 with a compound annual growth rate (CAGR) of 12.6%. of shipments by 2027 Maxon, Ametek and Minebea Mitsumi are currently the top three players in the ultra-low voltage motors market. By 2027, the market will be worth almost $6.5 billion by 2027, growing at a compound annual growth rate (CAGR) of 12.6%

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Global manufacturing output to grow only 0.3% in 2024

Control Engineering

Global manufacturing insights Europe still buffeted by the economic storm, with Germany’s manufacturing economy set to shrink by 1.4% Manufacturing growth in the U.S. Between 2023 and 2028, machinery production (as a sub-sector of manufacturing) is expected to grow faster than the manufacturing sector overall.

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Mobile robot shipments grow in 2022

Control Engineering

The mobile robot market (AGVs and AMRs) has enjoyed strong growth in 2022, driven by increasing e-commerce penetration, a lack of labor and on-going shifts to more flexible manufacturing. We forecast an installed base of over 4 million mobile robots by the end of 2027, 1.5 million of which will be installed in 2027 alone.

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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. Average selling prices of industrial robots will decrease by around 3% annually over the next 5 years and growth is expected to be 5 to 7% through 2027. Robotics insights Industrial robot revenues grew by 14.9%

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Components in industrial robots market forecasting strong growth

Control Engineering

from 2022 to 2027. Courtesy: Interact Analysis Growth driven by surge in collaborative robots and SCARA robots Demand for collaborative robots in industrial applications increased rapidly during the past two years and the momentum is expected to continue during our forecast period out to 2027. from 2022 to 2027. respectively.