This week in Industrial: Manufacturers embracing edge computing, 5G technology, and 3D-printing to manage growing factory data
Latest Industry Insights from Draup Braindesk
The demand for knowledge-based manufacturing and connected supply chains, equipped with advanced control, sensing, modeling, and simulation capabilities, is driving the growth of smart manufacturing.
Global Industrial Market View:
The smart manufacturing market is estimated to grow from USD 214.7 Bn in 2020 to USD 384.8 billion by 2025, at a CAGR of 12.38%.
Major factors driving the smart manufacturing market size include the increasing adoption of Industry 4.0, focus on industrial automation in manufacturing processes, increased government participation in promoting industrial automation, emphasis on regulatory enforcement, growing supply chain complexities, and increased demand for time and cost-effective software systems.
Trends in 2021 & 2022:
IIoT – Technological advances in semiconductor and electronic devices, increased use of cloud computing systems, standardization of IPv6, and support from various governments for IIoT R&D activities are all driving the IIoT industry forward.
Edge Computing – The proliferation of IoT has led to a significant increase in data, due to which organizations are increasingly relying on centralized cloud computing and storage solutions
Industrial Automation – Rising investments in the transformation of conventional manufacturing facilities by installing digitized systems are a major driving factor for the growth of the industrial automation market.
Smart Factory – The increasing use of enabling technology in manufacturing, the growing adoption of industrial robotics in the manufacturing sector powered by collaborative robots, and connected enterprise drive the smart factory market.
5G services – 5G will provide wireless connectivity on the factory floor since it enables, for example, establishing a massive wireless sensor network or implementing Virtual Reality (VR) and Augmented Reality (AR) applications for predictive maintenance and product monitoring.
3D printing – 3D printing technology may permit organizations to make cheaper and faster prototypes, enabling manufacturers to produce in-demand commodities.
Industrial companies are manufacturing smart monitoring and factory automation systems
ABB partnered with Ericsson to support ABB’s customers and enterprises in Thailand with Ericsson’s 5G solutions. This partnership accelerates the full potential of 5G for industrial manufacturing, opening the door for new digital opportunities in Thailand’s adoption of Industry 4.0.
Siemens Smart Infrastructure collaborated with Digital Charging Solutions to ease the transition to electromobility for fleet drivers and managers.
Schneider Electric opened its first Smart Distribution Center in Mumbai, India. It has been digitally transformed with Schneider Electric’s EcoStruxure architecture to be more energy-efficient and provide real-time access to information right across the supply chain.
Latest Reports Published in Draup
Schaeffler account intelligence report: Schaeffler invested around EUR 80 Mn (USD 97.5 Mn) in a new central laboratory complex in Herzogenaurach as part of the company’s roadmap 2025 strategy. The focus is on improving its capabilities for enhanced business performance. Read More>>
Kohler account intelligence report: Kohler is developing carbon-free energy resources through the introduction of new low-carbon alternative fuels and carbon neutrality solutions. It is prioritizing are aligned towards enhancing the store count, plant expansion, and introducing wind energy. Read More>>
Key Funding Alert
Unbox Robotics raises USD 1.2 Mn in pre-Series A round
Unbox Robotics, a Bengaluru-based logistics automation startup, raised the money as a part of its pre-Series A round from BEENEXT. This investment will scale early client pilots, team expansion, and product improvements. Read More>>
Startup Spotlight
Company – Maidbot HQ Location – Austin, Texas Area, US Total Funding – USD 50 K Year of Inspection – 2015 About: Maidbot built Rosie, a housekeeping robot for hotels and commercial buildings. Rosie navigates intelligently and cleans the floor while collecting invaluable operational and environmental data. Read more>>
Key Insights and Signals in Industrial
Centre Setup and Expansion Vertiv launches new micro data center system for edge computing in the EMEA region The site offers 130% more indoor space and 60% more outdoor space, expandable to seize the opportunities of the growing prefabricated modular data centers (PFM) market. The factory also includes several innovations for the construction of PFM modules and thermal management air handling units. Read More>> ASML to build plant in South Korea The company will invest USD 212 Mn (to set up an extreme ultraviolet (EUV) Cluster by 2025, including remanufacturing plants and training centers in Hwaseong, Gyeonggi Province. Read More>>Deals and Deal Renewal Eaton to supply DC-DC converters for new full battery-electric semi-truck Eaton’s eMobility business was awarded a contract to supply 24-to-12-volt DC-DC converters for use in a commercial heavy-duty battery electric vehicle (BEV) that will power accessories, such as antilock brakes and lighting. Read More>> ABB is to provide optimization software for Tallnk’s MyStar Tallink Grupp’s new passenger ferry, MyStar, will have ABB’s Ability Marine Advisory Systems – OCTOPUS software. The software will collect and transfer operational data from the vessel’s onboard systems to the ABB Ability Marine Fleet portal, providing remote monitoring and performance analysis. Read More>> Blue Star signs supply agreement with leading national foodservice warehouse supplier Blue Star will supply pasteurized crabmeat, with a current market wholesale value (with applicable discounts) of up to approximately USD 31 Mn, subject to certain conditions. Read More>>Partnerships SLM Solutions partners with Safran on the 3D-printed landing gear The company has teamed up with German powder bed, metal additive manufacturing (AM) equipment specialists, SLM Solutions, to evaluate the feasibility of using its technology to produce significant, safety-critical aircraft components. Read More>> Siemens and Schaeffler to cooperate on drive system diagnostics Siemens will combine its IIoT platform Sidrive IQ with Schaeffler’s decades of experience and expertise in designing, manufacturing, and servicing bearings. Sidrive IQ integrates several functionalities into one seamless solution and augments drive systems with AI-based analytics and digital content. Read More>> Aspen Technology partners with Larsen & Toubro Infotech to adopt cloud services in the oil & gas and chemicals industries This alliance allows industrial organizations to “bring their own license” to gain high-fidelity remote access to their mission-critical applications, increase computing flexibility and performance gains for more accurate and faster decision-making, and accelerate time-to-value for new product innovations. Read More>>Mergers and Acquisitions Graphic Packaging to acquire AR Packaging for USD 1.45 Bn The proposed acquisition of AR Packaging will add USD 1.1 Bn in annual sales and USD 160 Mn in adjusted yearly EBITDA. In addition, the combination is expected to drive total synergies of USD 40 Mn over 36 months following close. Read More>> Atlas Copco acquires New England compressor distributor The purchase price is not material relative to Atlas Copco’s market capitalization and is not disclosed. The acquired business will become part of Quincy Compressor LLC, which is part of the Industrial Air division within the Compressor Technique Business Area. Read More>> 3D SYSTEMS announces two New 3D printing acquisitions The companies in question are Allevi, a Pennsylvania-based 3D bioprinter developer, and Additive Works, a German 3D printing software developer. As part of the company’s aggressive four-step growth initiative, the moves will support 3D Systems’ regenerative medicine and industrialization efforts, respectively. Read More>>Executive Movement Tata Steel BSL Limited reappoints MD and CFO Tata Steel BSL Limited reappointed Mr. Rajeev Singhal as the MD for one year with effect from May 18, 2021. Read More>> Johnson Controls names Sankaran to new CTO role to further expand OpenBlue and digital technology solutions Sankaran has held leadership roles in technology transformation across a spectrum of industries and most recently was CIO and Head of Innovation at TD Ameritrade, with responsibility for digital strategy, customer platforms, software engineering, technology operations, cybersecurity, data management and analytics, and enterprise innovation. Read More>>
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