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Latest Industry News

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).

News October 27, 2023

Star SU names new service manager, project coordinator

Star SU, the marketing, sales and service affiliate of Star Cutter Company, has appointed Bart Trublowski as its new service manager and project coordinator.

News October 26, 2023

Airbus Helicopters to lighten vehicles with 3D-printed parts

Airbus Helicopters uses TRUMPF 3D-printing machines to mass-produce aircraft components, which enables lightweight construction and helps save fuel.

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