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Sales of MV and HV motors expand in South-East Asia

22 July, 2013

Sales of medium- and high-voltage motors in South-East Asia will climb from $615.4m in 2012 to reach $802m by 2019, according to a new forecast from Frost & Sullivan.

Shale gas boom propels North American drives market

15 July, 2013

Sales of variable speed drives for use in natural gas applications in North America are growing 1.5 times faster than the general drives market, according to a new report. The analyst Frost & Sullivan says the growth is being driven by the rapid expansion of shale gas extraction, an increase in natural gas exploration and production, and new investments in transport infrastructure.

Schneider Electric makes $5bn bid to buy Invensys

12 July, 2013

Schneider Electric has launched a $5bn bid to buy the British industrial software and control systems supplier Invensys. Invensys’ board has told Schneider that it is likely to recommend that its shareholders should accept the offer, but there is speculation that other bidders may enter the fray, possibly including Emerson, GE or ABB.

Falling HMI prices led to a shrinking market during 2012

10 July, 2013

The global market for operator terminals shrank by 3.3% during 2012, to a total value of $2.2bn. The decline, following two years of strong double-digit growth, was due largely due to the prices of operator terminals falling by an average of 4% during the year, according to a new report from IMS Research, now part of IHS.

Electric vehicle motor sales will hit $2.8bn by 2020

10 July, 2013

Global sales of motors used to drive electric and hybrid vehicles will grow from $965m in 2013 to more than $2.8bn by 2020, according to a new report from Navigant Research.

US bearings-maker acquires German ceramics specialist

09 July, 2013

The American bearings supplier New Hampshire Ball Bearings (NHBB) has acquired the German firm Cerobear, which specialises in producing bearings incorporating advanced ceramics.

NI expands motion controls tie-up with Kollmorgen

05 July, 2013

National Instruments is expanding its motion control collaboration with Kollmorgen to offer products including drives, motors, linear positioners, gearheads, cables and accessories. It says that the collaboration will simplify the design of sophisticated machinery and equipment.

26 tonnes of fake bearings are destroyed in Germany

05 July, 2013

The German bearings manufacturer Schaeffler has destroyed 26 tonnes of counterfeit bearings, valued at more than €1m, following raids on bearing distributors across Europe, including in Italy, Germany and the UK.

Singapore trains will be retrofitted with PM synchronous motors

05 July, 2013

The Singapore railway operator SMRT is refitting 66 commuter trains with permanent magnet synchronous motors (PMSMs) in a move that is expected to cut power consumption by 30%, reduce noise levels, and improve the operating efficiency of the trains.

Global sales of robots dipped slightly during 2012

01 July, 2013

Global sales of industrial robots during 2012 were the second-highest on record, according to the latest figures issued by the International federation of Robotics (IFR). More than 159,000 robots were sold worldwide – almost as high as the record figure of 165,000 achieved in 2011.

Industrial Internet ‘could be worth $1,700bn by 2020’

24 June, 2013

Expenditure on the Industrial Internet will soar from $20bn in 2012 to around $514bn by 2020, while the cumulative net value created by the Industrial Internet will amount to $1,700bn by 2020 – according to a pair of new reports from the Wikibon project, a global community dedicated to improving the adoption of technology through the sharing of free advisory knowledge.

Automation sales will surge by 6.2% in 2013 to hit $170bn

21 June, 2013

The global market for industrial automation equipment (IAE) will expand by 6.2% this year to reach around $170bn, helped in part by a manufacturing recovery in the first quarter, says a new report* from IMS Research, now part of IHS.

Melrose sells Marelli to the Carlyle Group for €212m

20 June, 2013

The UK-based engineering turnaround specialist Melrose Industries is selling its Italian motors and generators business, Marelli Motori, to the Carlyle Group for €212m in cash. The disposal is conditional on anti-trust approvals and is expected to complete in August 2013.

Ulrich Spiesshofer succeeds Joe Hogan as ABB’s CEO

18 June, 2013

ABB has announced that Ulrich Spiesshofer, currently head of its Discrete Automation and Motion (DM) division, will succeed Joe Hogan as chief executive officer on September 15, 2013. Hogan, who announced his resignation in May, will continue with ABB for some months as a senior advisor to the board.

Traction motor industry faces ‘a very nasty surprise’

17 June, 2013

A new market study has condemned manufacturers of electric traction motors as being “an industry structured for the past that is going to have a very nasty surprise when the future comes”.

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