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Cobot market to see growth at 20% by 2023
A report by Interact Analysis shows that the collaborative robot market penetration is going to surpass 20 per cent by 2032, while the market in EMEA will have recovered by 2H 2023, the US collaborative robot market will take a while longer. Universal Robots retains the lion’s share of the global cobot market.Read more
Ultra-low voltage drives market to grow to $3.1 billion by 2027
Interact Analysis report shows a global ultra-LV drives market worth $753 million in 2021. AMR/AGV sector driving revenue growth for ultra-LV drives, accounting for 11 per cent of total market revenues in 2022, stated the report. Three companies currently dominate the market, but is likely to change. Read more
L&T Construction wins power transmission projects in Indian and overseas market
L&T Construction bags order under Results-linked Distribution Sector Scheme (RDSS) in the western part of Rajasthan and Chennai in India. The PT&D business has also won an order to supply, construct, test, and commission a 132kV substation in the United Arab Emirates.Read more
Energy sector is Beckhoff’s biggest market in India
In this interview with Rakesh Rao at Hannover Messe 2023, Marcel Meier, Area Sales Manager International Sales, Beckhoff Automation GmbH & Co KG, discusses about the company’s vision and its strategy for IndiaRead more
Indian market has a huge demand for hydraulic products
Static Hydraulic is a renowned engineering firm with immense experience in the field of manufacturing a comprehensive variety of hydraulic accessories. Sanajit Lahiri, MD, Static Hydraulic, in this interview, tells that the company is looking to grow in coming years with its newly established plants in West Bengal to manufacture varied hydraulic equipment.Read more
India is currently LAPP’s second largest market
LAPP India is a 100 per cent subsidiary of LAPP Germany, a leading supplier of integrated solutions and branded products in the field of cable and connection technology. Each year, LAPP manufactures 130,000 km of control, instrumentation, power and data cables along with connectors, accessories and end to end systems. In this interview with Divya Shetty, Gary Bateman, Managing Director, LAPP India, explains the advantages of carbon neutrality and highlights the sustainable business practises theRead more
Earthmoving Equipment Tyres: Sturdiest solutions for the world’s most demanding work environments
Demand for construction and infrastructure products is growing as a direct outcome of population explosion and global economic growth. Increasing construction and mining activities globally is a key factor driving the market for earthmoving equipment tyres, says Yash Pathak. Read more
IPF’s 3i EXPO webinar discusses shop floors of the future
Industrial Products Finder (IPF) hosted a virtual panel discussion on the topic of Shopfloor of the Future' as part of the 3i EXPO 2023 webinar series. The session discussed the changing shopfloor of manufacturing sector leading to change in operations and investments of the companies in the coming future.Read more
Schaeffler elevates Vijay Chaudhury as Director of Communications & Marketing for Asia Pacific region
German manufacturer of rolling element bearings, Schaeffler has appointed Vijay Chaudhury as Director of Communications & Marketing – Asia Pacific. Chaudhury was previously serving Head of Communications and Marketing for India, and Head of Press and Media Relations – Asia Pacific positions in the company.Read more
WEMO expands market presence in India with Amit Upreti as VP Business Development
Amit Upreti joined Netherlands-based company, WEMO Special Projects in February, 2023. The company announced in a statement that the appointment of Upreti as Vice President Business Development in WEMO has brought a good growth for the company in Indian market. Read more