Market Trends in Power & Motion - May 10th, 2024
 
 
Market Trends in Power & Motion | View online
 
May 10, 2024
The air compressor market is projected to be worth $68.86 billion by 2030 due to investments in manufacturing which will help drive future growth.
The April 2024 PMA Business Conditions Report shows metalforming manufacturers anticipate economic activity to remain stable in the coming months.
Development of low power consuming and intelligent pneumatic devices will ensure their continued use as industry requirements evolve.
Increased deployment of mobile robots in various industries will lead to growth opportunities for the components which enable their operation.
In some industries, the return on investment of using electric vehicles is a stronger driver for electrification than the emissions reduction benefits which can be achieved.