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Latest Industry News

News November 16, 2023

Equipment leasing survey shows small year to date gains

The Monthly Leasing and Finance Index is a survey of 25 companies representing a cross-section of the $1 trillion equipment finance sector that shows, in near real-time, that the overall new business volume for September was $9.7 billion, down 5 percent year-over-year from new business volume in September 2022.

News November 15, 2023

New partnership aims to increase number of engineering majors

More than 22% of the engineering workforce at Newport News Shipbuilding (NNS), a division of HII, are graduates of Old Dominion University. That number could rise dramatically.

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.

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