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The performance of the LV drives market is closely tied to overall global manufacturing output. In "normal" economic crises, manufacturing tends to endure a sharp contraction, followed by a strong rebound before plateauing. But the COVID-19 crisis has gone very differently. Slow vaccine uptake, labor shortages and supply chain disruptions are all coming together to cause a much slower recovery in the manufacturing sector, and therefore in the LV drives sector, than might have been expected.

Predictive maintenance is fast becoming recognized as one of the more easily exploited applications of that popular but not always easily defined concept in industry–digitalization. One aspect of digitalization, however, stands out as worthy of swift and serious consideration: predictive maintenance.

Amazon announced a suite of new AWS machine learning services. To many, this announcement appeared to be Amazon’s launching off point towards being a major supplier of predictive maintenance solutions. However, this announcement follows a long history of Amazon carving out its capabilities in industrial digitalization.

Decentralization is becoming favorable across a range of industries and applications.