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Low Voltage Drives Market Stages Steady Recovery With Projected 2020-25 CAGR Of 4.8%
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. -
Ethernet-APL Unlocks the Benefits of Digital Communication for the Process Industry
Companies like BASF face the challenge of keeping countless production systems and plants around the world up to date with the latest technologies. To make sure that powerful technologies are employed without any surprises occuring, new instruments and technologies are first put through their paces–and the introduction of Ethernet-APL is no different.