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Image: IM Imagery/stock.adobe.com The Miles Labor Government’s $25 million investment in local long-duration energy storage company Energy Storage Industries (ESI)- Asia Pacific has attracted an additional investment of $40 million from a UK-based investment fund in support of the development of Queensland’s iron-flow battery manufacturing industry.
Source: Zebra Technologies Only 1 in 6 manufacturers has a clear understanding of its own processes, according to a new study from Zebra Technologies Corp. The report also found that 61% of manufacturers expect artificial intelligence to drive growth by 2029, up from 41% in 2024. Zebra commissioned Azure Knowledge Corp.
Interact Analysis here discusses two new growth areas it has identified from its research and conversations with manufacturers: smart conveyance technology and robots with machine-integrated control. By 2029, sales of linear systems could exceed $1.1 billion, nearly five times the market size in 2020, according to Interact Analysis.
Comau is expanding from automotive manufacturing to logistics applications such as pick and place. Source: Comau If change is constant in technology, even established industrial automation providers must adapt to keep up. million by 2029. .” million by 2029. million industrial robots today to 2.6
SwRI Workbench for Offline Robotics Development allows manufacturing engineers to independently use complex robotics and simplifies motion planning for seasoned developers. Various forecasts project that the open-source advanced robotics market will grow more than 10% annually between 2024 and 2029. Click here to enlarge.
The industrial landscape is rapidly transforming, with an ecosystem of digital industry accelerators (DIAs) emerging in response to increasing demands for digital transformation in manufacturing. By processing data closer to its source, companies are reducing latency and advancing smart manufacturing and intelligent transportation.
The Boyne Smelter has been operating since 1982 and is Australia’s second largest aluminium smelter, manufacturing carbon anodes, aluminium production, and casting of molten metal into aluminium products for export. “We The post QLD Gov’t set to secure Boyne Island aluminium smelter appeared first on Manufacturers' Monthly.
From 2023-2029 the number of vehicle nameplates in the region will grow 18% from 210 to 249. Additionally, battery-electric vehicle (BEV) nameplates are expected to grow from 20% of the mix in 2023, to 46% of the mix in 2029. New nameplates generate new vehicle launches, which require more tools.
Source: ANYbotics ANYbotics AG recently celebrated the production of its 100th ANYmal quadruped. ANYbotics focuses on autonomous reliability ANYbotics has manufactured ANYmal robots since 2019. to reach $540 million by 2029, according to Market Intelligence Data. The 100th ANYmal passes locomotion testing.
Source: Interact Analysis The market for machine-integrated robots is gaining momentum, according to Interact Analysis. from 2024 to 2029, with North America and Europe leading the market. ” To address the growing demand, both robot vendors and machine OEMs are manufacturing systems for machine-integrated robots.
Source: farm-ng Since the first industrial revolution two centuries ago, workers have moved into cities, even as population growth has challenged farmers to be increasingly productive. billion by 2029 at a compound annual growth rate (CAGR) of 13.1%, predicted Mordor Intelligence. Amiga features include onboard AI. billion by 2032.
The Arnott’s Group , one of Australia’s most iconic food manufacturers and CleanPeak Energy , a specialist distributed renewable energy company, have signed an agreement to transition the world-class Huntingwood manufacturing facility to 100 per cent renewable electricity by 2029. CleanPeak will then source an additional 17.3
According to a widely cited industry figure from Deloitte, in their report on smart factories, even during the best of times – before COVID caused disruption – unplanned downtime costs industrial manufacturers an estimated $50 billion annually. Manufacturing Tomorrow | Nov 14, 2022 | Manufacturing Tomorrow.
HRI), a leading authority to the manufacturing industry, recently released the results of the Harbour IQ in-depth study on the current state of the automotive vendor tooling industry. From 2023-2029 the number of vehicle nameplates in the region will grow 18% from 210 to 249. Subscribe to learn the latest in manufacturing.
Compared to key competitors and previous product families from Infineon, the CoolGaN Transistors 650 V G5 offer up to 50 percent lower energy stored in the output capacitance (E oss ), up to 60 percent improved drain-source charge (Q oss ) and up to 60 percent lower gate charge (Q g ).
billion by 2029, says a new report from Future Market Insights. from 2022 to 2029. China comprises the world’s largest manufacturing hub with over 600 million internet users. Content source: B2B eCommerce Association The digital commerce platform market is poised to grow with a CAGR of 12.6% billion in 2022 to $ 7.85
CONTENT SOURCE: Digital Commerce 360 NOTE: This content has been curated by Fastener News Desk for fastener industry professionals seeking knowledge and reliable information regarding digital transformation, eCommerce, digital distribution, marketplaces, product information management. through 2029. billion in 2002. billion by 2030.
All space missions depend on a power source, to support systems for communications, life-support and science experiments. Rolls-Royce plan to have a reactor ready to send to the Moon by 2029. Nuclear power has the potential to dramatically increase the duration of future Lunar missions and their scientific value.
It’s short for Federal Reserve Economic Data, FRED is an online database consisting of hundreds of thousands of economic data time series from scores of national, international, public, and private sources. This is not a sales or manufacturing course, but a semi-technical course on many facets of the industry.
9:25) Watch now on FastenerTV at YouTube (9:28) Shannon Precision Fastener has officially opened their brand new 170,000 square foot, state-of-the-art manufacturing facility. We’d love to learn about what’s driving your fastener distributorship or fastener manufacturing company forward! through 2029.
The overall result shows that the development of 5G-based enterprise AR applications were in an early stage of development in 2021, but there are promising use cases that showed the potential of 5G in driving adoption of enterprise AR applications in various sectors, particularly in manufacturing. The survey was run during May 2021.
One of the primary trends is the increase in domestic manufacturing capacity, the narrowing technology gap and a wider range of products. with a focus on digitization and smart manufacturing. Sustainability is becoming a key focus for the industry, with efforts to reduce waste and energy consumption in manufacturing processes.
of new funding from the UK Space Agency, following £249,000 provided for an initial study in 2022, and will aim to develop a lunar nuclear reaction by 2029. However, power sources have been particularly difficult to transport to outer space. “As The project will receive £2.9m
The report found that the regulatory shift towards human rights in supply chains, such as the EU Forced Labour Ban prohibiting goods made with forced labour, will help spur over $2 billion annual spending on supply chain sustainability data collection and reporting across the EU by 2029.
Under guidance released in April by the US Department of Treasury following the Inflation Reduction Act, effective April 18, 2023, only EVs that fulfill specific mineral sourcing and battery pack content requirements will qualify for tax credits. Subject to a price cap (i.e.,
Production is expected to start in the second half of 2026 and continue through 2033, with peak supply anticipated in 2029. “Neo is focused on becoming the first manufacturer and supplier of made-in-EU rare earth magnets for EV traction motors. million electric and hybrid vehicle traction motors.
TOULOUSE — Airbus announces a contract was signed with Air Canada for the airplane manufacturer’s carbon-removal initiative. Air Canada’s credits will last from 2026 to 2029. DACCS technology filters and removes CO2 emissions directly from the air using high-powered extraction fans.
” The idea behind the requirement is to incentivize domestic manufacturing, build a robust battery supply chain in North America and lessen the industry’s dependence on overseas supply chains that could be subject to disruptions. Those requirements also grow stricter each year, eventually reaching 100% in 2029.
billion by 2029, growing at a CAGR of 25.4% between 2023 and 2029. Google Cloud expertly integrates AI, particularly GenAI to address evolving customer needs, ranking among the first hyperscalers to offer its customers an array of foundation models including third-party models, open-source models, and Google’s own AI-based models.
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