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.
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
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.