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Machine vision market aims CAGR of 6.4% between 2022 and 2028

The machine vision market is anticipated to recover from 2025 onwards, in line with Interact Analysis’ predictions for manufacturing and machinery production growth.Read more

Solar pump growth soars with a CAGR of 6.8% till 2027

Recently, Allied Market Research published a report on Solar Water Pump Systems Market which shows that the agriculture segment was the highest contributor to the growing solar pump market with a CAGR of 7.2 per cent during 2020 to 2027.Read more

Indian cold chain market expected to reach Rs 4.3 tn by 2027 with a CAGR of 14.27%

The data revealed during REFCOLD India, 2023, South Asia's leading exhibition and conference dedicated to refrigeration and cold-chain technologies, commenced at the Chennai Trade Centre.Read more

ACC batteries’ demand to grow at a CAGR of 50%, says CII report

Raw Materials for Battery & Component Manufacturing, a report by CII in collaboration with 6Wresearch reveals that India is experiencing a robust demand of ACC batteries. By 2030, the anticipated demand for advanced chemistry cells to reach 220GWh.Read more

Chips are up!

Over the past decade, the Indian electronics hardware industry has witnessed significant growth and transformation with rising manufacturing and export volumes. India's share in the global electronics industry has increased significantly, rising from 1.3 per cent in FY12 to 3.75 per cent in FY22. Read more

Global T&M market is expected to grow at CAGR of 6.8% between 2021-27

WIKA is a global manufacturer of test and measurement devices. Highlighting the importance of T&M devices for the industry, Prashant Sinha, Head of Marketing, WIKA India says that measurement and analysis of different process parameters helps companies to make data-driven decisions. In this interview, he also sheds some light on latest products and trends in T&M industry.Read more

Global manufacturing growth to slow down, CAGR of 3% to 2027

A report by market intelligence authority, Interact Analysis says that the manufacturing decline is now expected in 2024 rather than 2026. The Americas enjoyed a strong year for manufacturing growth in 2022, but labour shortages continue to hamper US manufacturers whereas the Chinese manufacturing economy gets back on its feet after a turbulent periodRead more

With GDP expected to grow at 6% CAGR, future of manufacturing sector is bright

Electro Zavod, the manufacturer of specialised machinery for the bulk material handling industry, is celebrating its golden jubilee this year. In 2022, the company was acquired by Hi-Tech System & Services. In this interview, Vikas Agarwal, Chairman, Electro Zavod India, talks about the company's 50 year journey and importance of innovations to keep up with the market.Read more

Collaborative growth

In January 2022, Reliance Industries bought 54 per cent stake in Addverb Technologies (a manufacturer of autonomous mobile robots, sorting robots, and automated storage and retrieval systems) for $ 132 million marking an entry of big industrial giant in the fast-growing industrial automation sector.Read more

Digitalisation drives efficiency in machine tools

As the things in the manufacturing sector are getting more focused on the ‘Make in India’ project, the Indian machine industry is getting more advanced and developed. IIoT, predictive maintenance, digital twins, automation and dark factories, robots and cobots are a few new innovative trends that are surfacing in the market. Trishna Mirajkar takes a deeper dive in this research. Read more

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