Archive for April 29th, 2013
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ThomasNet, publisher of IMT Career Journal, on April 1 launched the ThomasNet North American Manufacturing Scholarship program to actively help the manufacturing sector close the STEM skills gap, providing up to 30 scholarships of $1,000 each to high-achieving students pursue their dreams in engineering, skilled trades, and supply chain management/business operations. Students have until July 1 to apply.
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Credit: Pivada7

4/29
Courtesy of Cree Inc.

Courtesy of Cree Inc.

The accelerating growth rate in the production of LED (light-emitting diode) lighting means that manufacturers face dual opportunities: on the one hand, to get into the cleantech growth market for LEDs and components; and on the other hand, to save energy with a technology that is dropping quickly in cost.

I spoke recently with Alejandra Lozano, industry analyst for environmental and building technologies at research firm Frost & Sullivan, who has led some of the group’s recent research about the North American lighting equipment market. In reality, she told me, “the industrial vertical is not a big portion of the LED market.” In fact, she said, “the industrial segment is the smallest segment in the market” and is growing at a slower rate than the overall LED market. But probing further, what I found out is that the industrial segment is growing at “only” a 23 percent compound annual growth rate (CAGR) compared to the red-hot 26 percent rate of the overall market. Lozano said that Frost has seen LEDs “grow from a very small market a few years back to about $3.6 billion expected by 2017,” driven by energy savings, declining prices, technology improvements and supportive legislation. Read more


4/29

One of the prominent manufacturing industry associations working on solving the manufacturing skills gap is the Fabricators & Manufacturers Association International (FMA). One way to do this is aligning manufacturing education with the real-world needs of industry employers. To that end, the FMA will host an event called the T.E.A.M. (for Technology Educators And Manufacturers) Summit 2013 in Anoka, Minn., in late May.
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