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Recovering global economic conditions will spur “quite impressive” growth in the worldwide industrial machinery market for the next four years, according to IHS. This growth is materializing from more need for consumer essentials such as cars and food, as well as oil and gas exploration, construction, and green energy.
Although individual market segments — motors and motor controls, digital machine controllers, and power-transmission equipment — will be driven differently, the common theme is still efficient operation. Market growth in Asia-Pacific will set the pace globally.
After a lackluster 2012, a rebound in the U.S. housing market fueled the expansion of industrial electronics usage in the building and home control market. However, there was also robust demand growth in military and civil aerospace as well as the medical market.
Enabled by communications and sensor technology, the global manufacturing business is on verge of what some are calling the fourth Industrial Revolution, or Industry 4.0. To capture and make decisions with intelligent, valuable information is to achieve efficiency, flexibility, and even product customization.
With just four months left before publicly traded electronics component manufacturers must report their conflict minerals usage, many are still without concrete reporting plans.
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