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Innovative technologies in motion control attract new entrants to the market

Although new vendors have not acquired meaningful market share, as the supplier base has not yet consolidated, we expect they will increase their presence, especially in their local markets; China, Japan and Europe. There has been rapid expansion of the supplier base for linear smart conveyance systems, particularly in the Asia Pacific region, comments, Samantha Mou, Research Analyst, Interact Analysis.Read more

Global battery manufacturing equipment market to reach $30 billion by 2029

Despite a somewhat pessimistic forecast for market revenue, demand from all regions continues to drive the battery equipment market.Read more

Siemens to acquire Altair Engineering for $10 billion

The acquisition is expected to boost Siemens’ digital business revenue by 8%, adding approximately €600 million.Read more

The three paths for mobile hydraulics amidst electrified powertrains

Changes to the hydraulic system (often the least efficient system on an off-highway vehicle) are viewed by many vehicle OEMs as necessary to achieve electrification ambitions. Read more

Solid-state batteries plus traditional Li-ion battery manufacturing equipment

The concept of dry electrode technology is like that of solid-state batteries, as it abandons traditional liquid solvents while adapting to current process flows. Through such technological upgrades, manufacturers can gradually adapt to new process requirements without significantly altering back-end equipment, thereby maximising economic benefits, says Maya Xiao, Reasearch Analyst, Interact Analysis.Read more

Sluggish growth in automation market; machine-integrated robots gain momentum

Partnerships are increasingly being announced between robot vendors and automation providers to develop new products and solutions.Read more

The Emergence of Industry 5.0

While many businesses are still in the process of incorporating the concepts of Industry 4.0, Industry 5.0 - which operates basically on strategies of human centric approach, improved resilience and focussed sustainability - is only catalysing the advances with more traction towards achieving the goals.Read more

A rundown of the global battery recycling market

As the capacity of li-ion batteries increases, the amount of scrap batteries in production are also piling up fast, making battery recycling a focal point for the market.Read more

Budget 2024-25: Analysis of Budget impact on MSMEs

The budget places special attention on MSMEs and labour-intensive manufacturing, introducing a new assessment model for MSME credit by public sector banks based on digital footprints rather than only on assets and turnover criteria. Read more

Mobile robots grow precision gearbox market

The global market for precision gearboxes used in industrial robots was worth just over $1 billion in 2023.Read more

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