Industry News

11/24/2023
A recent market study shows that the predictive maintenance market is expected to grow from $5.3 billion in 2021 to $26.5 billion by 2028. The market is anticipated to grow at a CAGR of 27.4% from 2022 to 2028. 
11/22/2023
Howard Community College (HCC) in Columbia, Md., has launched an $11 million capital campaign in support of a new campus-based workforce development and skilled trades center. 
11/21/2023
Siemens Digital Industries Software and Ricoh have begun a collaboration to realize the industrial aluminum Binder Jetting (BJT) solution for mass production.
11/20/2023
Netlogistik hosted its first annual Innovation Day for the US on November 8 in Grapevine, Texas. The company invited leaders and experts from throughout the supply chain and logistics industry to provide attendees with a "transformative experience."
11/17/2023
According to a recent research study, the demand of global 3D Motion Capture System Market size & share was valued at approximately $340 Million in 2022 and is expected to reach $373 Million in 2023 and continue to grow through the decade to reach a value of around $670 Million by 2032.
11/16/2023
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.
11/10/2023
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.
11/09/2023
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.
11/08/2023
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.
11/07/2023
Strategic design for pressure-reducing aerospace applications protect mission-critical systems
11/06/2023
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.
11/03/2023
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.
11/03/2023
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.
10/31/2023
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).
10/25/2023
The real time production monitoring market is projected to be worth $5.13 billion in 2022 and is poised to reach $12.56 billion by 2030, growing at a CAGR of 11.8% from 2022 to 2030.
10/24/2023
A California-based manufacturer of precision aerospace bushings has installed a new inspection system to achieve 100 percent inspection of its parts.
10/24/2023
Manufacturing is one of the top industries targeted by cyberattacks, but there are specific steps that companies can take to reduce the risk of these attacks, according to a new white paper.
10/19/2023
Under the surface of intricate 3D-printed objects lies a critical aspect that often goes unnoticed: density. Find out why it is significant.
09/29/2023
Copper is one of the “hottest” metals attracting attention in the additive manufacturing world these days. But 3D printing poses distinct challenges.
09/28/2023
Many trade and technical schools in the United States include certification from the National Institute of Metalworking Skills in their training programs to uphold students to current manufacturing industry standards. To help support the initiative, Renishaw developed a gauging system package to improve the inspection of NIMS parts.