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Low voltage motor control centers market worth USD 4.03 bn by 2022
The market of 'low voltage motor control center' is expected to grow from an estimated value of USD 3.07 billion in 2017 to USD 4.03 billion by 2022, at a CAGR of 5.62% from 2017 to 2022.Read more
The new Eve Degree temperature and humidity monitor from Elgato uses Sensirion’s sensor
Sensirion announced that Elgato is using Sensirion’s best-selling humidity and temperature sensor SHTC1 in their critically acclaimed Eve Degree monitoring system.Read more
ABB buys GE industrial solutions for USD 2.6 bn
ABB has acquired General Electric’s global electrification solutions business in a move that will only strengthen their position in the market as one of the leading automation companies.Read more
SuMax Enterprises reduces part set-up time by 90% using Primo system
The company also eliminates scrap (previously 12%) caused by machining using Renishaw’s machine tool probes. Maintaining the wall thickness of pump bodies and reducing the part setting time for manufacturing steering worm shafts is an important task for SuMax Enterprises Pvt Ltd, situated in Pune, Maharashtra.Read more
OMRON to acquire US-based industrial code reader company, Microscan Systems
OMRON Corporation (Headquarters: Shimogyo-Ku, Kyoto; President and CEO: Yoshihito Yamada) recently announced that it has entered into an agreement with Spectris plc in the UK regarding its acquisition of the US-based subsidiary of Spectris, Microscan Systems, Inc. (Microscan Systems).Read more
OMRON to acquire US-based industrial code reader company Microscan Systems,
OMRON Corporation (Headquarters: Shimogyo-Ku, Kyoto; President and CEO: Yoshihito Yamada) recently announced that it has entered into an agreement with Spectris plc in the UK regarding its acquisition of the US-based subsidiary of Spectris, Microscan Systems, Inc. (Microscan Systems).Read more
Industrial coatings market to reach USD 50.47 billion by 2021
Growing usage of industrial coatings in general industrial applications, as well as automotive sector is all set to escalate the industrial coatings market. The global industrial coatings market is estimated to grow at a CAGR of 5.0 per cent during the forecast period and will reach USD 50.47 billion by 2021. Additionally, growing emphasis on renewable energy facilities also drives the usage of industrial coatings. Read more
LANXESS continues to expect record earnings for 2017 following strong second quarter
Following a good second quarter 2017, specialty chemicals company LANXESS continues to expect the highest earnings in the company’s history for the current financial year. Global sales of the company increased by almost 30 per cent to EUR 2.5 billion, up from EUR 1.9 billion a year earlier. EBITDA pre exceptionals improved by around 25 per cent to EUR 367 million, compared with EUR 293 million in the prior-year quarter. Read more
Performance elastomers market predicted to reach USD 16.75 bn by 2022
The global market is estimated to grow from USD 11.69 billion in 2017 to USD 16.75 billion by 2022, at a CAGR of 7.5 per cent. Globally, people are opting for the products that deliver outstanding performance and have a long life cycle.Read more
Sensor patch market worth USD 562.1 mn by 2023
The sensor patch market is expected to be worth USD 562.1 million by 2023, at a CAGR of 47.03 per cent between 2017 and 2023. The growth of this market is mainly driven by increasing per capita healthcare expenditure and disposable incomes in OECD countries, consumer preference for wearable in health monitoring application, and comfortability offered by sensor patch.Read more