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Covid-19 fears lead to contraction in the American motion controls marketMarch 26, 2020Mass consumer spending in the US will be affected, business investment will be delayed, and the motion controls market is estimated to show a significant contraction in Q3 2020 as a result.
Key takeaways from AHR Expo 2020 underscore ongoing significance of IIoT for HVACR industryMarch 11, 2020At the recent 2020 AHR Expo in Orlando, Florida, Omdia analysts were among more than 50,000 attendees and 1,900 exhibiting companies attending the show. The world’s largest event on heating, ventilation, air-conditioning, and refrigeration (HVACR), the Expo attracts OEMs, engineers, contractors, facility operators, architects, educators, and industry professionals from around the globe to share ideas and to showcase the future of HVACR technology.
China’s coronavirus brings challenges and opportunitiesMarch 02, 20202020 was expected to be the year of recovery but the coronavirus outbreak, which threatens on a global level, has hindered the recovery in China's motion controls market.
The factory of the world is ill: Coronavirus in China disrupts production and supply chains around the worldFebruary 13, 2020Already forecast to be on a slow road to recovery this year, machinery production and component manufacturing will suffer a further setback as the human toll rises and factories shut down from the dangerous coronavirus outbreak in China. The city of Wuhan, a major manufacturing hub and the largest metropolis in central China with a population of 11 million, is at the epicenter of the occurrence.
Medium voltage drives market headed for steady growth despite softer discrete marketsFebruary 12, 2020Following is information and insight from the Medium Voltage Drives Report – 2019.Subscribers Only
Trending: Onshoring electric motor production supports demand for EVs and HEVsOctober 11, 2019Half a decade ago the production of traction motors for electric and hybrid-electric vehicles was concentrated in the home location of the Automotive OEM. This was simply because the demand for EV/HEVs was not worth the investment of building new facilities close to the demand location. However, the rapid growth in demand for EVs in the recent years is gradually influencing the supply chain, companies’ business models, and encouraging more collaboration and joint ventures in the automotive industry. In the Chinese market, joint ventures between traditionally large western OEMs who wish to enter the Chinese market and local vendors are becoming more commonplace. The most recent announcement was in August 2019 about the joint venture between Nidec – a Japanese electric motor company – and GAC Motor – a Chinese vehicle manufacturer – to produce traction motors.
Medium-voltage motor market posts strong performance despite global economic uncertaintyAugust 01, 2019Global revenue for the medium-voltage (MV) motor market reached $4.6 billion in 2018, rising 3.3 percent from 2017.
Industrial automation equipment market to post slower growth in 2019July 30, 2019The combined effects of a slowdown in the world economy, machinery production, and capital expenditure will depress growth this year in the global market for industrial automation equipment (IAE), shaving at least 1.5 percentage points of growth when the year ends compared to 2018 levels.
Where are the opportunities for non-leading safety suppliers amid the global economic slowdown?June 28, 2019The global economic slowdown represents a turning point wherein many non-leading suppliers can target more high-end products and solutions to build better brand images.
At CERAWeek 2019, technology and energy continue to coalesce in force and presenceApril 04, 2019The interrelation of energy and technology is not new. However, CERAWeek seems primed to be at the nexus of these two disciplines in the future. I expect the increased presence of technology companies at future conferences, an even larger Agora, and a sharpened focus on transformational technologies like cloud services, IoT, AI, and robotics. This is true especially as cloud giants look to more fully penetrate markets beyond consumer and enterprise.
Machinery production revenue growth rate in China will reach a low point of 1.4% percent in 2019March 05, 2019China's machinery production is facing tremendous downward pressure from slowing investment, slower growth in downstream industries and the Sino-US trade war, which will continue into 2019.
Global market for integrated motors and machine-mounted drives to reach $1.4 billion by 2022January 31, 2019Global market for integrated motors and machine-mounted drives to reach $1.4 billion by 2022
EU CO2 emission standard - New challenges ahead for automotive electric motor marketJanuary 08, 2019On 17 December 2018, the European Parliament and European Council reached an agreement on the next round of targets for carbon dioxide (CO2) emissions for passenger cars and light commercial vehicles (LCVs) in the European Union (EU), which set a target to reduce CO2 by 37.5% by 2030, from 2021 targets. For LCVs, the targeted reduction by 2030 has been set at 31%. Both types of vehicles will be subject to an interim CO2 reduction target of 15% by 2025.
Low-voltage motors in process industry markets up 4 percent in 2017December 21, 2018The low-voltage motor market contracted in 2016. Process industries were hit the hardest, largely due to depressed oil prices and oversupply concerns in the projects business. In 2017 the market experienced a recovery, and the process industries experienced the strongest upswing, especially the oil and gas sector. The top process industries grew at a faster rate than the top discrete industries in 2017, and this trend continued in 2018, according to the “Low Voltage Motors Report” from IHS Markit.
Global Oil and gas CAPEX spending bolsters the market for medium-voltage motorsNovember 16, 2018In recent years, the medium-voltage (MV) motor market has contracted due to the oil and gas crisis that lowered oil prices, which resulted in curtailed investment in MV motors globally. However, going forward this trend is forecast to begin reversing. As prices for oil and gas rise in 2018 and 2019 to levels more in line with their historical averages, pent-up capital expenditure (CAPEX) is expected to return, which will lead to higher demand for MV motors across all regions. This spending will result in a boon to industries adjacent to oil and gas operations as well and will result in manufacturers expanding the capabilities of their motors in order to meet demand.
Massive order backlogs drive growth in the linear motion marketOctober 22, 2018Global revenues for linear motion products reached a record high of $7.9 billion in 2017. Revenue growth of 10.2 percent is expected in 2018, primarily due to substantial order backlogs. Growth will then slow to 4.5 percent in 2019.
AMB: Digitalization making inroads into the machine tool industryOctober 10, 2018AMB 2018, held in Stuttgart, Germany from 18-22 September, is one of the largest trade shows for metalworking technology. IHS Markit attended the show and gained critical insights into the latest trends and market developments in the manufacturing industry.
Transformative technologies to shape the future of manufacturingSeptember 13, 2018
Asia Pacific takes the lead in driving the growth of the global motion control hardware marketJuly 19, 2018The global motion control hardware market achieved a record-high growth rate at 19% in revenue terms from 2016 to 2017, totaling $13.4 billion for the year.
How are motor manufacturers differentiating themselves in a mature market?July 19, 2018There have been a lot of developments in the industrial motor market, as suppliers are more actively pursuing merger and acquisition opportunities and seeking new ways to differentiate their value-add.