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Low voltage AC drive shipments exceed 20 m in 2023
According to the market intelligence specialist, the pace of low voltage (LV) AC drive market growth slowed last year and is expected to continue to do so in 2024, with steady growth returning to the global drives market in 2025.Read more
Global geared products market anticipates slowdown; India to prop up revenue
Interact Analysis forecasts a revenue decline of 1.9 per cent for the global geared motors and industrial gears market in 2024. It is expected that Indian and Southeast Asian markets will prop up revenue growth of geared products in APAC over the next couple of years. Read more
70% of Indian & APAC warehouses likely to embrace workflow automation by 2024
According to Zebra Technologies’ 2023 Global Warehousing Study, 84 per cent of Indian and Asia Pacific (APAC) warehouse leaders emphasise technology adoption like robotics for employee retention amid labour shortages.Read more
Fragile manufacturing industry recovery in 2025 reliant on prudent fiscal policies
The US and Europe are both on the brink of a short minor recession in 2024, as green shoots of a tentative recovery are seen elsewhere in the global manufacturing economy.Read more
Ultra-low voltage motors market worth $6.5 bn by 2027
New research by market intelligence firm Interact Analysis shows mobile robotics is driving demand for ultra-low voltage motors and will account for 15.6% of shipments by 2027. Maxon, Ametek and Minebea Mitsumi are top three players.Read more
Rockwell Automation acquires autonomous robotics firm Clearpath Robotics
The acquisition of Clearpath will accelerate Rockwell’s end-to-end autonomous production logistics solutions, providing safer, more efficient manufacturing environments for customersRead more
Semiconductors sales slump strikes South Korea and Taiwan
Global demand for semiconductors has plummeted this year, hitting the heavily specialised manufacturing economies of South Korea and Taiwan particularly hard says Adrian Lloyd, CEO, Interact Analysis.Read more
Semiconductor slump challenges global manufacturing growth
South Korea and Taiwan will be heavily impacted as such a large proportion of their manufacturing is tied to semiconductors and the electronics industry, says Interact Analysis’ report.Read more
Rapid growth sparks innovation and expansion in global battery manufacturing
The increasing price of lithium has led to fierce competition among battery companies, as they invest in lithium resource companies to secure mining rights, says Maya Xiao. Read more
Research: 35% of the value of industrial robots comes from servo motors
Based on five years of research into the global industrial robot market, Components in Industrial Robots market report will be released in June 2023.Read more
