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Six trends are shaping the global chemical industry. While they spell uncertainty in the global context, they could open near-term opportunities in India.
Looking back at the continuous fluctuations in the global manufacturing industry in 2019, the supply chain is in uncertainty, and the overall output value of Taiwan's machine tool components in 2019 will be affected.
In recent years, the manufacturing industry has been actively strengthening manufacturing technology, investing in high-end manufacturing equipment, and training professional talents.
Observing key trends in the global health care industry, analyzing the current status of global and Taiwan medical device development, and analyzing the growth strategy of Taiwan's medical device industry.
Most of today's machine tool companies are from Germany. As the world's most developed machine tool technology country, the German government has always attached importance to the important strategic position of the machine tool industry, and both basic scientific research and applied technology research.
In recent years, Turkey has become a highly anticipated newly industrialized country with its brilliant GDP growth rate. It has also become Taiwan's third-largest export market for machine tools for many years.
The US-China trade war has hit the global market. Since the start of the trade war, the US has imposed tariffs on China in three waves, which has also brought out the benefits of transfer orders. Among them, Mexico has benefited the most. The proximity to the United States, tariff-free exports, and cheap labor are opportunities that companies have seen in Mexico in the past. But in the future, the US-Mexico-Canada trade treaty may weaken Mexico's cost advantage.
Central and Eastern European countries are emerging markets. Among them, Poland, which is located in the transportation hub of Western and Eastern Europe, has the most potential for the development of the manufacturing market.
Italy has a solid industrial foundation and is the second-largest producer of machine tools market in Europe.
As most of the world still struggles with the coronavirus pandemic, China is showing once again that a fast economic rebound is possible when the virus is brought firmly under control.
There are two kinds of RFID systems that exist- passive and active. If you're new to RFID, you might be wondering what the difference is between these types, and which one is best for your application. Below, we provide a short answer.
The world is poised to change forever with the implementation of fifth-generation connectivity for data networks across the world. 5G has been promised to be the savior to any connectivity problems we've had in the past and it's also been highlighted as a path towards a fully wireless future.
The market has gradually shifted to a zero-touch economy, unmanned production, and unlimited applications in response to the challenges of the times and the epidemic.
There are many reasons for manufacturers to move their offshore or near-shore production bases to Mexico. The advantage of cheap labor is one of the most prominent.
Although the share of manufacturing in Japan's GDP has declined in the past few decades, Japan still has a very large manufacturing base. In addition, Japanese manufacturers have extensive global connections, especially in Southeast Asia, many of which have substantial operations in countries such as Thailand.
The United Nations Industrial Development Agency (UNIDO) announced the July 2020 World Manufacturing Competitiveness Index (CIP) which is based on 2018 indicators. South Korea ranks third after Germany and China among 152 countries in the world. CIP is a composite index of 8 items including per capita manufacturing, value-added, and manufacturing export value. It reflects the overall competitiveness of the manufacturing industry in each country. UNIDO publishes the CIP every other year.
The United States, the European Union, and China are the world’s three largest economies, which together are estimated to account for 60.92% of the global economy in 2021.
Zero Liquid Discharge (ZLD) technology is to pretreat and evaporate industrial wastewater, collect the condensed water distilled from the zero liquid discharge system for water recycling applications, and send unevaporated solids to landfills or use them as valuable salt. Class by-products are reused. In 2018, the global ZLD market demand was approximately 5,442 million U.S. dollars, with the largest industrial application being the energy and power industries, followed by the petrochemical and chemical industries.
With the spread of the US-China trade war, the development and business opportunities of Vietnam's industrial manufacturing have been accelerated. In recent years, Vietnam’s economic situation has performed well. In 2018, Vietnam’s average national income per capita reached US$2,590, an increase of US$200 from 2017 and 1.23 times that of 2015. The Vietnamese government is working hard to promote the development of the manufacturing market and set the goal of becoming an industrial power.
In terms of 2019 data, India is the world's 10th largest machine tool producer and the world's 8th largest machine tool consumer. The Indian government has set a target for India’s manufacturing output value to account for 25% of GDP by 2025. Together with the prime minister’s active promotion of "Made in India", it will bring a huge boost to the demand for machine tools in India. The Indian machine tool market still has considerable development potential, and the Indian manufacturing market is rising rapidly.
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