Latest news with #industrialization
Yahoo
3 days ago
- Business
- Yahoo
Safety Motion Control Market Outlook Report 2025-2030, with Profiles of ABB Group, Mitsubishi Electric, Siemens, Schneider Electric, Rockwell Automation, Bosch Rexroth, SICK Group & more
Key growth drivers include rapid industrialization, growing automation, and stringent safety standards. North America remains the leader, but Asia-Pacific is witnessing significant growth. Major players include ABB, Mitsubishi Electric, and Siemens. The report provides comprehensive insights, including market segmentation by type, component, application, end-user, and region. Safety Motion Control Market Dublin, June 17, 2025 (GLOBE NEWSWIRE) -- The "Safety Motion Control Market - Forecasts from 2025 to 2030" report has been added to safety motion control market will grow to US$20.97 billion in 2030 from US$15.91 billion in 2025 at CAGR of 5.62% during this motion control systems are a new type of motion control systems with enhanced safety and security features. The introduction of Safe Torque Off (STO), Safe Stop 1 and 2, and Safe Direction Systems has resulted in a paradigm shift toward safety. Market Trends: Key drivers of the safety motion control market include rapid industrialization, growing automation, stringent industrial safety standards (e.g., EU Machinery Directive, ANSI B11.0), and advantages such as high productivity, cost efficiency, flexibility, and ease of installation. However, high capital requirements have been a significant barrier to market growth, although ongoing technological advancements are creating new opportunities. Major challenges to market growth include intense competition, high installation costs, and a shortage of skilled labor. North America leads the market, with prominent players like Rockwell Automation and Mitsubishi Electric adopting safety technologies such as Safe Torque Off (STO), Safe Stop 1 and 2, and Safe Direction. Meanwhile, the Asia-Pacific region is experiencing growth due to increasing automation and energy efficiency concerns, driving investments in safety devices. The global Safety Motion Control market report provides an in-depth analysis of the industry landscape, delivering strategic and executive-level insights supported by data-driven forecasts and detailed analysis. Regularly updated, the report equips decision-makers with actionable intelligence on current market trends, emerging opportunities, and competitive dynamics. It examines demand across various system types, including Open-Loop and Closed-Loop systems, and analyzes key components such as Sensors, Feedback Devices, AC Motors, DC Motors, Motion Controllers, and Others. The report also explores applications like Assembling/Disassembling, Material Handling, Packaging, and Others, alongside end-user segments such as Manufacturing, Automotive, Aerospace and Defense, Energy and Power, Electrical and Electronics, and Others. Additionally, it evaluates technological advancements, critical government policies, regulatory frameworks, and macroeconomic factors, offering a comprehensive view of the market. Some of the major players covered in this report include ABB Group, Mitsubishi Electric, Siemens, Schneider Electric, Rockwell Automation, Inc., Yaskawa Electric Corporation, Bosch Rexroth, General Electric, Pilz GmbH and Co. KG, SICK Group among Coverage: Historical data from 2022 to 2024 & forecast data from 2025 to 2030 Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis Competitive Positioning, Strategies, and Market Share Analysis Revenue Growth and Forecast Assessment of segments and regions including countries Company Profiling (Strategies, Products, Financial Information, and Key Developments among others) Companies Profiled ABB Group Mitsubishi Electric Siemens Schneider Electric Rockwell Automation, Inc. Yaskawa Electric Corporation Bosch Rexroth General Electric Pilz GmbH and Co. KG SICK Group Key Attributes: Report Attribute Details No. of Pages 144 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $15.91 Billion Forecasted Market Value (USD) by 2030 $20.97 Billion Compound Annual Growth Rate 5.6% Regions Covered Global Safety Motion Control Market Segmentations: Safety Motion Control Market Segmentation by type:The market is analyzed by type into the following: Open-Loop Closed-Loop Safety Motion Control Market Segmentation by component:The report analyzes the market by components as below: Sensors Feedback devices AC Motors DC Motors Motion Controllers Other Safety Motion Control Market Segmentation by application:The market is analyzed by application into the following: Assembling/Disassembling Material Handling Packaging Others Safety Motion Control Market Segmentation by end-user segment:The report analyzes the market by end-user segment as below: Manufacturing Automotive Aerospace and Defense Energy and Power Electrical and Electronics Others Safety Motion Control Market Segmentation by regions:The study also analyzed the Safety Motion Control Market into the following regions, with country-level forecasts and analysis as below: North America (US, Canada, and Mexico) South America (Brazil, Argentina, and Others) Europe (Germany, UK, France, Spain and Others Middle East and Africa (Saudi Arabia, UAE and Others) Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others) For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Safety Motion Control Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Zawya
4 days ago
- Automotive
- Zawya
President El-Sisi Meets Chairman of Arab Organization for Industrialization (AOI) Board of Directors
Today, President Abdel Fattah El-Sisi met with Chairman of the Board of Directors of the Arab Organization for Industrialization (AOI) Major General Mokhtar Abdel Latif. Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said the President was briefed on the activities and projects undertaken by factories and companies affiliated with the Arab Organization for Industrialization across various fields. Major General Abdel Latif noted that the AOI operates according to a comprehensive strategy aimed at deepening local manufacturing, increasing export rates, and enhancing the industrial and technological capabilities of its factories. This is in addition to cooperating with the private sector to establish joint projects, leveraging the AOI's advanced industrial capabilities. President El-Sisi affirmed the AOI's significant role in various sectors, particularly with regard to the improvement of local manufacturing ratios, the localization of industry, and the increase of exports, which contributes to reducing the import bill and providing foreign currency, thereby supporting the national economy. President El-Sisi was also updated on the existing frameworks of cooperation between the AOI and several major international companies operating in the automotive industry. The President inspected a number of "Citroën C4X" models, which are locally manufactured with a 45% component ratio in the factories of the Arab Organization for Industrialization, in partnership with the Arab American Vehicles Company (AAV) and the French "Stellantis" Group. AOI Chairman, Major General Abdel Latif, said planning for the production of this model began in August 2023, adding that technical and logistical preparations were undertaken, leading to the production of initial prototypes in March 2025. He noted that approximately 7,000 cars are scheduled for annual production over four years, totaling 28,000 vehicles. Furthermore, preparations are underway for the production of a new car in cooperation with the "Stellantis" Group, with production set to begin in late 2026. This new model will see a total of 240,000 cars manufactured exclusively in AOI factories, and will not be manufactured in any of the Group's other global facilities. President El-Sisi gave directives to further strengthen cooperation with private sector companies, both locally and internationally. This is in alignment with the state's strategy aimed at localizing the automotive industry, increasing the percentage of local components, and maximizing exports of products manufactured in Egypt. Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt.
Arab News
04-06-2025
- Business
- Arab News
Pakistan textile union warns of capital flight to UAE, urges industrial policies to retain investment
KARACHI: Pakistan is facing the flight of capital, with local industrialists shifting their factories to investor-friendly Middle Eastern countries like the United Arab Emirates due to the lack of favorable industrialization policies at home, Kamran Arshad, chairman of the All Pakistan Textile Mills Association (APTMA), said on Tuesday. APTMA represents more than 200 textile millers, which employ the country's largest industrial workforce of more than 40 million people and account for half of the nation's total exports. Its top official made the remark during an interview with Arab News just a week ahead of the country's federal budget that is scheduled to be announced on June 10. 'Pakistani investors are now the second or third largest investors in places like Dubai,' he said during the conversation. 'Yes, there has been a flight of capital,' he continued, adding 'had there been curbs and checks and balances on the flight of capital and favorable industrialization policies, the capital would have remained within Pakistan and it would have gone into agriculture and industry.' Pakistan's government is trying to turn around the country's debt-ridden economy by curtailing imports and increasing exports with the help of the International Monetary Fund's (IMF) loan program. The government has emphasized its commitment to creating a more business-friendly environment in recent years, identifying textiles as a central driver in achieving a $60 billion export target by 2029 under its newly unveiled five-year economic framework. Overall, the country's exports rose six percent to $27 billion this year through April, but its textile exports declined more than 13 percent between FY22 and FY24 after hitting a record $19.3 billion in FY22. Arshad maintained this was mainly due to the Export Facilitation Scheme (EFS) introduced last year that did not work well for the sector. Originally envisaged to streamline and incentivize exports by allowing exporters duty- and tax-free access to inputs used in the production of export goods, the scheme benefited importers over local input producers by putting yarn and all varieties of fabric on the EFS. By removing the sales tax exemption from domestically produced inputs like cottonseed and yarn while keeping imported equivalents tax-free, the scheme made local sourcing less competitive for Pakistani manufacturers. 'We fully expect that the government would be considerate and they would honor our request, our demand to remove yarn and fabric of all sorts from the EFS scheme and to create a level playing field,' the APTMA chief said. Separately, at a news conference, he said that while hundreds of local industries had already closed, others were running at partial capacity. 'More than 120 spinning mills and over 800 ginning factories stand closed at the moment,' he said. NO BUYER FOR US COTTON Arshad said the government may not find buyers for the additional cotton it is expected to import from the US if the heavily taxed spinning and ginning factories continue to shut down at the current pace. Pakistan and the US last week began negotiating their 'reciprocal' trade tariffs, with Islamabad aiming to bridge its $3 billion trade surplus with Washington by buying more cotton and soybean to avoid the imposition of 29 percent tariffs on its exports to the US. 'Washington has indicated availability of up to 1.5 million bales for export to Pakistan,' the APTMA chairman told reporters at a press briefing. In the ongoing trade talks, he said one of the offers the Americans were expected to make was the doubling or tripling of cotton exports to Pakistan, which uses cotton as a raw material for its textile industry that fetched $16.7 billion in exports last year. The US is the biggest buyer of Pakistan's exports, mostly textiles, which were valued at $5.44 billion last year through June, according to State Bank of Pakistan data. US Charge d'Affaires Natalie A. Baker last month met Pakistan's commerce minister, Jam Kamal Khan, and cited enhanced cooperation in the cotton sector as a key area for mutual growth, given Pakistan's textile industry's demand for high-quality cotton and the US ability to meet that demand. 'Who will buy this US cotton,' said Arshad, 'while more than 120 spinning mills and 800 ginning factories have already shut down across the country.' He noted the industry was already dealing with the carryover stocks of as much as 800,000 cotton bales from last year while the next crop was about to land. Spinning mills consume most of Pakistan's cotton output, which is falling and halved this year to 7.1 million bales after reaching a record 15 million bales in FY15, according to Pakistan Central Cotton Committee data. Pakistan's annual cotton consumption is about 15 million bales, but a poor crop made it the biggest importer of US raw cotton in FY23, when the dollar-strapped country had to spend billions on importing more than 4 million cotton bales, each weighing 170 kilograms. Arshad said for Pakistan to absorb an increased amount of US cotton, a viable and operational spinning industry was essential. 'Without restoring competitiveness for domestic spinners, additional cotton imports will not materialize,' he added. Pakistan's finance adviser Khurram Schehzad declined to comment on issues related to the textile sector 'before budget,' while finance ministry spokesperson Qamar Sarwar Abbasi did not respond to questions.
Arab News
03-06-2025
- Business
- Arab News
TAQA announces CEO transition as part of strategic growth agenda
Industrialization and Energy Services Company, known as TAQA, a global leader in energy and industrial services, announced that Khalid Nouh will step down from his role as chief executive, as part of the company's ongoing evolution and long-term strategic growth agenda. Since his appointment in 2019, Nouh has been instrumental in transforming TAQA into a unified global organization. Under his leadership, the company successfully integrated a series of value-driven acquisitions, including Tendeka, AZR, OPT Chemicals, Cougar Drilling Solutions, Oliden Technologies, and Al-Mansoori Petroleum Services. These integrations positioned TAQA as a fully integrated energy services provider with more than 12 service lines and 5,500 employees across global markets. During his tenure, TAQA digitized its business operations under a single platform, launched centers of excellence in drilling, completions, and intervention, and established TAQA Geothermal, aligning the company with regional energy transition ambitions. Additionally, Nouh played a key role in positioning ARGAS to support mineral exploration initiatives. Under his guidance, the company achieved remarkable revenue growth, driven by strategic execution and operational excellence. With this solid foundation in place, TAQA is now focused on accelerating its next phase — expanding market presence and driving innovation. To lead this new chapter, the board of directors has appointed Adel Al-Ghadhban as interim chief executive officer. Al-Ghadhban currently serves as executive vice president — ventures and chief investment officer and brings more than 30 years of experience in multiple energy sectors including portfolio management and finance across the energy and manufacturing sectors, including 20 years with TAQA. He was responsible for leading the company's group legal, risk, and compliance functions, and guiding strategy for TAQA's portfolio companies. He also serves on the boards of several TAQA subsidiaries, including ARGAS as vice chairman, Cougar Drilling Solutions, TAQA Drilling Solutions (Canada), and was in board leadership roles at ALAR and JESCO. Outgoing CEO Nouh said: 'It has been an extraordinary journey and a privilege to lead TAQA through a period of remarkable growth and transformation. I am proud of what we've built together — a global platform with strong capabilities and a focus on sustainable, profitable growth. I leave confident in the company's direction and leadership, and excited to see it reach even greater heights.' Ahmed Al-Zahrani, chairman of the board, said: 'On behalf of the board, I want to thank Khalid Nouh for his exceptional vision and dedication. He played a pivotal role in shaping TAQA into the global leader it is today — delivering on strategy, strengthening our service offering, and transforming the organization into ONE TAQA. As we look to the future, we are confident that Adel Al-Ghadhban will build on this legacy with a sharp focus on performance, innovation, and growth.' Al-Ghadhban added: 'I am honored to take on this role at such a defining moment in TAQA's evolution. We have a strong foundation, a clear vision, and exceptional teams around the world. I look forward to working closely with our people, partners, and clients to build on our achievements and accelerate our strategic growth.'
Zawya
02-06-2025
- Business
- Zawya
African Mining Week to Highlight Coal's Role in Regional Energy Security, Industrialization
As Africa leverages coal to drive industrialization and support sustainable development, African Mining Week (AMW) – the continent's premier platform for mining stakeholders – will highlight investment opportunities within the coal sector. Scheduled for October 1–3, 2025 in Cape Town, the event will unite project developers, investors, policymakers and technology providers to advance coal-focused deals and partnerships. A dedicated panel discussion, 'Coal's Indispensable Role: Powering Africa's Downstream Processing and Manufacturing Boom,' will explore how coal contributes to energy security, economic growth and job creation across the continent. Coal remains a critical driver of energy security in Africa. The continent is expected to increase coal use by 6 million tons to 191 million tons per annum by 2027 under efforts to enhance the resilience of the electricity network, according to the International Energy Agency. In South Africa – Africa's largest producer and the world's sixth - the coal sector has been crucial in addressing load shedding, with a 7% increase in coal use in 2023 and 2024 strengthening the grid. On the global stage, African coal also plays an important role, accounting for over 3.5% of the world's total production, with producers such as Mozambique, Zimbabwe, Zambia and Botswana kickstarting new projects and optimizing existing assets. South Africa exports 28% of its coal production and ranks as the world's fourth largest coal exporting market. Glencore increased its South African coal production by 5% in Q1 2025 compared to the same period last year, reaching 4.2 million tons. In March 2025, Seriti Resources inaugurated the R500 million Naudesbank Colliery in Mpumalanga province, shortly after coal was designated a critical mineral by South Africa's Ministry of Mineral and Petroleum Resources. Meanwhile, Canyon Coal is preparing to break ground on the R1.5 billion Sukuma Mine, targeting 7.2 million tons of annual output. In Zimbabwe, Contago Holdings' Muchesu project – backed by Huo Investments – is ramping up production to meet both domestic and export demand. Recognizing coal's strategic importance in shaping a just and inclusive energy transition and economic diversification, global public and private sector players are ramping up investment. In a landmark policy reversal in May 2025, the U.S. Export-Import Bank lifted its ban on financing overseas coal projects, opening new channels for international funding for African projects. South Africa's Exxaro and Eskom have entered into a joint agreement to invest in emissions reduction technologies, supporting cleaner coal usage aligned with just energy transition objectives. In Mpumalanga, Blue Ammonia Production is progressing with its R31.5 billion Suiso Coal-to-Fertilizer project, poised to create 4,000 jobs and enhance regional agricultural productivity. Botswana is similarly advancing a $2.5 billion coal-to-liquids plant, designed to strengthen the country's energy and fuel security. With African coal producers generating substantial revenue from coal exports, the industry will be crucial in funding the continent's renewable energy deployment and energy mix diversification, facilitating a just and inclusive energy transition African Mining Week 2025 will serve as a strategic platform to explore these developments and examine coal's evolving role in Africa's industrial future. The event will place a strong emphasis on sustainable coal practices that balance development with environmental stewardship and long-term transition goals. African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@ Distributed by APO Group on behalf of Energy Capital&Power.
