In recent years, Taiwan’s "mechanical transmission equipment industry", "pumps, compressors, stopcock and valve industry", "other general equipment and machinery", and other relevant industries have increased their production indexes, mainly because of the active demands for smart automation equipment which has driven the increase in overall output.
Due to the increases in demands for epidemic related drugs, screening reagents, and other products driven by the epidemic, the output values of drugs, medical supplies, and other related products have been increased.
With the continuous development of the downstream industry of linear actuator and the continuous expansion of linear actuator applications, the global demand for linear actuator has shown a rapid growth. In 2019, the global linear actuator market has exceeded 15 billion yuan.
With the global economic development, the demand of the consumer market has driven the vigorous growth of the textile industry. However, under the business model of production-based sales, excessive production has not only caused environmental pollution but has also caused unnecessary waste of resources. Over the past few years, this has led the United Nations and the European Union, to begin to advocate "sustainability" and "environmental protection" as the focus of global development for the next 10 years.
The textile industry was a leading sector in Taiwan's early industrialization stage. The growth and achievements of the textile industry also led to the development of other industrial sectors. The garment manufacturing industries are downstream industries in the textile industry chain. Its upstream includes fiber manufacturing, chemical additives, spinning, weaving, dyeing and finishing, and other industries. The garment manufacturing industry are the processing stage in the industry chain. It is also an important industry that gives added value to textiles.
The global industrial valve market will reach 85.6 billion U.S. dollars in 2022. From the perspective of product technology leadership, European countries, especially Germany, and the United States, are the main leaders, followed by Taiwan, Japan, South Korea, China and India.
Industrial automation has been a common trend in global industrial development. With the rapid development of technology and the complexity of product manufacturing, how to optimize the production efficiency of a factory through intelligent management and corresponding equipment supporting to achieve an intelligent factory and flexible manufacturing production is the latest direction in the development of the automation industry.
With the soaring volume of e-commerce transactions, the demand for logistics is also rising. In the process of industry transformation and upgrading, smart technology has become one of the keys to industry development.
In response to the COVID-19 epidemic, various countries have issued a series of bans, city closures and traffic restrictions, driving the demand for housing, working at home, online shopping, and home entertainment. This in turn has driven the demand for 3C products such as information and communications products. Among these, display panels have shown one of the greatest increases in demand, and the global display screen equipment market grew by 19% in 2020, reaching USD 13.52 billion.
Plastic molding processing technology has been widely used in the production of many high-tech products, such as auto parts, 3C electronic products, connectors, displays, mobile phones, plastic optical lenses, biomedical application products, and general daily necessities, etc. With the trend of diversification of product usage and variability in functional requirements, plastic molding processing technology is booming day by day.