Industry News

News • November 14, 2023

Company increases R&D for heat pump project

Worksport Ltd. announced that its subsidiary, Terravis Energy, Inc.. has increased R&D for its Cold Climate Residential Heat Pump, which is also a cooling product, due to expected large-scale growth in the North American and global markets.

News • November 13, 2023

New Vision achieves aerospace quality certification

New Vision Industries, the precision machining division of The Producto Group, has earned the AS9100D certification, a renowned aerospace standard.

News • November 10, 2023

Robot market to grow to more than $230 billion by 2030

The robot market, in terms of revenue, was estimated to be worth $74.10 billion in 2022 and is poised to reach $231.48 billion by 2030, growing at a CAGR of 15.3% from 2022 to 2030 according to a new report published by The Insight Partners.

News • November 9, 2023

Green building projects to drive up chillers market

The chillers market is expected to grow from $9.97 billion in 2022 to $14.87 billion by 2030; registering a CAGR of 5.1% from 2022 to 2030,according to a new report.

News • November 8, 2023

What will be the manufacturing trends in 2024?

Rising costs and supply chain disruptions are rated top concerns by over 50% of manufacturers surveyed for a new report of North American manufacturers. Automation leads to 30% higher revenue growth in face of rising costs and supply chain disruption.

News • November 7, 2023

Strategic pressure-reducing designs protect mission-critical aerospace systems

Strategic design for pressure-reducing aerospace applications protect mission-critical systems

News • November 6, 2023

Carbon steel market projected to reach $1.2 trillion by 2030

The global carbon steel market size is anticipated to reach $1.2 trillion by 2030 at a CAGR of 3.72%, according to a new report.

News • November 3, 2023

Low-speed electric vehicle market to reach $8.48 billion by 2030

The Low-Speed Electric Vehicle Market Forecast and Global Analysis to 2030 report found that the market is expected to grow from $5.52 billion in 2022 to $8.48 billion by 2030; and is anticipated to grow at a CAGR of 5.5% from 2022 to 2030.

News • November 3, 2023

Industrial cleaning solvents market to grow to $1.4 billion by 2028

The Global Industrial Cleaning Solvents Market is estimated to grow from $1.1 billion in 2022 to $1.4 billion by 2028, at a CAGR of 4.3%, as per the recent study by MarketsandMarkets. The demand for industrial cleaning solvents increased due to speedy industrial development, increased demand by end-use industries, and hygiene initiatives at a place of work.

News • November 1, 2023

Resilinc names chief administrative officer

Experienced executive Susy Dunn joins Resilinc's leadership team to further accelerate organizational growth.

News • November 1, 2023

Nick Plourde Promoted

Nick Plourde has been promoted to fabrication division project specialist at MC Machinery Systems in Elk Grove Village, Ill.

News • October 31, 2023

Compressed natural gas market to reach $5.9 billion by 2030

The global CNG compressors market size was valued at $3.46 billion in 2023 and is projected to grow to $5.92 billion by 2030, exhibiting a CAGR of 8% during the forecast period (2022-2030).