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billion by 2031, with a compound annual growth rate (CAGR) of 3.7 Shift to Electric Vehicles (EVs): EV manufacturers are increasingly focusing on high-efficiency pinion gears to improve power transmission and optimize battery performance. WILMINGTON The global automotive pinion gear market is projected to grow steadily, reaching $17.9
Billion by 2031. The trade organization, MESA, defines the acronym as Manufacturing Enterprise Solutions upgraded from Manufacturing Execution Systems. Moving further, it seems to be settling on Smart Manufacturing as a marketing tag. Billion in 2031 appeared first on The Manufacturing Connection.
Image: sirisakboakaew/stock.adobe.com The states first NSW Industry Policy has been released by the State Government to boost the economy by setting three new Local Manufacturing targets. The new targets include: NSW Gross Value Added for manufacturing achieving real growth on average over the years to 2031.
The successful collaboration of robots and labor in the automotive manufacturing industry is instructive and reveals a path forward The perceived labor vs. automation debate is one of a few trends that will dominate the robotics industry in 2025. billion by 2031. But the reality is far more nuanced.
A recent study by SmarTech Analysis titled, “ 3D Printing Jewelry Markets 2023: Market Study and Forecast” has found that the market for 3D printed jewellery will grow at a 10-year CAGR of 10 per cent from 2021 to 2031, from $489 million (AUD $701 million) in 2017 to $989 million (AUD $1.4 billion) in 2031.
A recent report from SmarTech Analysis revealed that the metal additive manufacturing (AM) services revenue is forecasted to reach USD 16.1 billion (AUD 24 billion) by 2031. Titled, “The Market for Metal Additive Manufacturing Services: 2023-2031,” the report has pegged revenues for metal AM services at USD 3.8
SmarTech Analysis ‘ new report, “Additive Manufacturing Post Processing: State of the Market and Looking Ahead,” provides the necessary raw data and analysis for management, investors, users, product planners, and marketers to further their understanding of this critical path in the AM workflow. billion in 2031.
billion by 2031, accounting for nearly one-third of the overall additive manufacturing (AM) market. According to SmarTech , the global industry for additive manufacturing would produce roughly $13.5 in 2031 appeared first on Australian Manufacturing. billion in revenue by 2022.
Forecasts indicate that total material consumption will surge beyond 26,000 kilotons by 2031, with the markets value expanding from $26.44 billion by 2031, the wind turbine materials market is on track to become a cornerstone of the renewable energy sector. billion in 2024 to $47.41 billion by 2031an impressive 8.7%
Australian Vanadium Limited has announced the completion of construction of its vanadium electrolyte manufacturing facility. The Facility utilises proven electrolyte manufacturing technology which is licensed from U.S. By 2031, it is estimated that Asia Pacific will reach around 14.5 per cent for revenue and 37.4
This agreement integrates Australia as a core partner in the Landsat Next Earth observation mission that is set to launch in 2031. The post Australia reaches new milestone US Satellite agreement appeared first on Manufacturers' Monthly.
By 2031, over 360 jobs will be created through the Regional Warehouse Program at the Williamtown precinct. The post BAE Systems to establish F-35 regional warehouse appeared first on Manufacturers' Monthly. The new contract will provide a foundation for an increase in jobs at the company’s Williamtown facility.
Canadian Manufacturers & Exporters (CME) released a statement sharing its concerns about the changes to the Temporary Foreign Workers (TFW) Program announced by the federal government recently. As recently as May 2024, there were 37,600 unfilled positions in Canada’s manufacturing sector.
CPM Group forecasts demand for North American HPMSM to rise to approximately 250,000 tpa in 2027 and over 800,000 tpa by 2031. The Company’s site is strategically located adjacent to a cluster of planned cathode active material manufacturing plants, including GM/Posco and BASF. HPEMM feedstock.
billion by 2031, up from $93.33 “Technological advances have enabled cheaper satellite manufacturing and increased the need for space launches, necessitating cost-effective and energy-efficient propulsion systems,” said Tiffany Kahapea, aerospace and defense research analyst, Frost & Sullivan.
Since electronics manufacturer, REDARC , was recognised as Manufacturer of the Year at the annual Manufacturers’ Monthly Endeavour Awards in 2020, the South Australian company has further expanded its footprint and its product range. It shows that it does take a long time to build an international footprint.
Exotec , a global warehouse robotics provider, has manufactured its 5,000 th robot, just three months after the production of its 4,000 th robot. This is the shortest time yet between manufacturing milestones, signifying an increasing business momentum driven by the growing demand for warehouse automation.
Photo Credit: 3Dnatives The Society of Plastics Engineers (SPE) has acquired 3Dnatives , a French company that produces a media platform and international events for professionals in 3D printing, additive manufacturing (AM) and their related market applications. billion by 2031, representing a compound annual growth rate (CAGR) of 21.9%.
TORONTO — Canadian Manufacturers & Exporters (CME) says they applaud the Government of Ontario’s introduction of a new land use protection clause that supports the growth of industrial operations across the province. ” As the province aims to build 1.5
DANBURY, CT – February 27, 2023: The Society of Plastics Engineers (SPE) has acquired 3Dnatives, a French company that produces a media platform and international events for professionals in 3D printing, additive manufacturing, and their related market applications. trillion global manufacturing economy, but it’s growing rapidly.
billion by 2031, up from $93.33 Technological advances have enabled cheaper satellite manufacturing and increased the need for space launches, necessitating cost-effective and energy-efficient propulsion systems,” said Tiffany Kahapea, Aerospace & Defense Research Analyst at Frost & Sullivan. compound annual growth rate (CAGR).
million homes by 2031, more people are needed in the skilled trades. In the construction sector alone, 72,000 new workers are needed by 2027 to fill open positions because of retirements and expected job growth. To help deliver the province’s infrastructure plans, including building 1.5
Leading resistor manufacturer Cressall has been awarded contracts to supply resistors for five major high-voltage direct current (HVDC) projects in the North Sea. The HVDC system will support 2GW of energy transmission with commissioning expected to be completed by the end of 2031. Today Magazine.
Using that prize money to educate a diverse cohort of robotics experts – who might be a 2031 DARPA Challenge team – will help Australia seize the AU $22.17 “In 2021, a group of robotics experts from Queensland took on the world’s best in a competition dubbed ‘the robot Olympics’ and came second in a photo finish,” Professor Huntington said.
million homes by 2031, Ontario will need over 100,000 new skilled trades workers this decade. “That’s why our government will continue to invest in cutting-edge programs that give students the chance to experience the 144 trades and life-changing opportunities available to them.”
billion by the culmination of 2031, encompassing the forecast period from 2024 to 2031. Manufacturers are focusing on developing motor graders with increased horsepower, larger blade sizes, and enhanced performance to cater to this demand. billion in 2024 to US$5.8
The two most pertinent targets are: Target 6: By 2031, increase the proportion of Aboriginal and Torres Strait Islander people aged 25-34 years who have completed a tertiary qualification (Certificate III and above) to 70 per cent. They are being forced to turn down jobs because they simply don’t have the manpower to complete the work.
The report also highlighted that by 2031, research and development service revenues will clock up almost $250 million in service/applications revenue for bioprinting, but will still only amount to 12 per cent of total service or application revenues in the bioprinting industry. .
Banking and Finance, Manufacturing, Media, and Tech firms are undergoing Digital Transformation with AI as the foundation. “It gives me great pleasure to know that we’re equipping future innovators with the skillsets they need to bring their ideas and initiatives to life.
In the world of modern manufacturing, the convergence of technology and production has opened new frontiers of efficiency and innovation. The very systems that enable seamless operations and interconnectivity also expose manufacturers to cybersecurity risks. But this progress has come with a hidden cost. What Is Ransomware?
ASX-listed Telix Pharmaceuticals has recently opened Telix Manufacturing Solutions, the company’s radiopharmaceutical production facility in Belgium, serving as the primary manufacturing site for radioisotopes and commercial and clinical products for patients in the Europe Middle East and Africa (EMEA) region.
As more offtake agreements are negotiated, the agency said the facility will increase its initial hydrogen production capacity from 200 tonnes per day (tpd) to 800 tpd, with full-scale production beginning in 2031. At its peak, the CQ-H2 project would provide an estimated 8,900 employees.
UAE plans to develop at least two hydrogen production hubs called “Oasis” by 2031. million tons of hydrogen annually by 2031 and expects to increase production tenfold to 15 million tons by 2050. The country is targeting to produce 1.4 xiv] Of the total 1.4
The spacecraft will host people, research, and manufacturing projects for private customers. By 2031, the company aims to operate its own commercial space station. The spacecraft will host people, research, and manufacturing projects for private customers. By 2031, the company aims to operate its own commercial space station.
Hernon Manufacturing, Inc. ® is pleased to announce plans to exhibit in Booth #2031 at FABTECH Mexico, scheduled to take place May 16-18, 2023 in Mexico City. Hernon Manufacturing is an ISO-9001:2008 registered company with a total solutions approach, offering adhesives, sealants and dispensing equipment.
In the last year, we’ve seen various applications make use of 5G’s capabilities and mix it with AR/VR to unleash a variety of applications in the gaming, education, and manufacturing industries.
Professor Blakers added that based on current growth rates, silicon solar cells will have more installed power generation capacity in 2031 than coal, gas, nuclear, and hydro combined. ” The post ANU solar energy expert bags Queen Elizabeth Prize for Engineering appeared first on Australian Manufacturing.
million homes by 2031, Ontario will need over 100,000 new skilled trades workers this decade. I’m thrilled more young people are waking up to the promise of good pay, pensions, and purpose-driven work that the skilled trades offer.” To help deliver the province’s ambitious infrastructure plans, including building 1.5
Space42 aligns with the UAE’s accelerating efforts to achieve the objectives of the National Space Strategy 2030 and the AI Strategy 2031. The business is dedicated to boosting in-country manufacturing, positioning the UAE as a key provider across the space value chain.
annually from 2024 to 2031, and by 2030, it is predicted that more than 2.1 million US manufacturing jobs will be unfilled 2. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. labor force will grow by just 0.2%
The UAE’s Artificial Intelligence Strategy 2031 and Saudi Arabia’s National Industrial Development and Logistics Programme (NIDLP) demonstrate their dedication to using technology for economic progress.
TORONTO Toromont Industries acquires 60 per cent ownership of AVL Manufacturing, a company which designs and fabricates power generation and storage enclosures. Additionally, Toromont has committed to purchasing the remaining 40 per cent ownership at agreed-upon dates through 2031 based on underlying business performance. ” .”
BOUCHERVILLE Delpharm is modernizing its injectable manufacturing facility in Boucherville, Quebec, with the help of $60 million in funding from the federal government. Scheduled to run until 2031, the plan includes expanding the site, installing a new filling line, and upgrading existing equipment to comply with new Health Canada standards.
million tonnes of green hydrogen per year by 2031, 7.5 The mega-plant will integrate up to 4GW of solar and wind energy to produce up to 1.2 million tonnes of green ammonia, which translates to up to 600 tonnes per day of carbon-free hydrogen. The total investment value for this project is $8.4
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