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IndustryNet
      

IndustryNet Blog

Posted by IndustryNet
For the foreseeable future, the air and gas compressor industry will continue to grow, with sales and job creation remaining high. We will look at these factors along with the uses for compressors and recent innovations in the field.
Posted by IndustryNet
U.S. manufacturing has grown at a record pace over the past few years, with the ISM index showing that the U.S. manufacturing sector has grown for 37th straight months. New plants and expansions are being announced every day, including number of foreign companies with new manufacturing ventures in the United States.



From Baltimore, Maryland to Shelbyville, Indiana, here are just a few of the major manufacturer announcements made in April.
Posted by Don Layyous from Pye-Barker Engineered Solutions
Oil free air compressors are relatively new on the market, because of their higher price point they've earned a reputation that they should only be used in niche situations where ISO class 0 air (defined by the end user AND less than .01 MG/M3) is required.



As the market has matured and the technology has matured, the savings of switching from oil-flooded to oil free compressors are becoming viable in more and more applications. Don Layyous from Pye-Barker Engineered Solutions shares expert knowledge on the benefits of utilizing oil-free air compressors on the plant floor.



Posted by IndustryNet
According to new data compiled by MNI, publisher of the U.S. industrial data that powers IndustryNet, New Jersey manufacturing employment climbed 1.4% over the past year, reversing the downward trend that has plagued the state since the recession.



Employment gains were led by New Jersey's food processing sector, though growth was seen across a spectrum of key industries, helped by the state's highly skilled workforce and competitive business incentives.



A number of new and expanding manufacturing facilities were announced over the year as well, laying the groundwork for future growth in the state.
Posted by IndustryNet
Homeowners and major industries alike both rely on air and gas compressors to accomplish dozens of tasks. The air and gas compression industry is thus very large and very profitable compared to many other industrial sectors. In this article, we will take a look at the largest of these companies and the sector overall.



Industry overall



Buoyed by a robust domestic energy market and extensive construction, the air and gas compressor industry has seen a phenomenal year to year growth. According to MNI, compiler and publisher of the industrial data that powers IndustryNet, sales jumped from almost $17.5 billion to $20.2 billion in one year for an increase of 15.48%.





Posted by IndustryNet
Bell Flavors & Fragrances was on display and showcased their take on innovative culinary flavors during the 2019 Research Chefs Association (RCA) Expo in Louisville, Kentucky on March 14th. The team featured a unique set of flavor combinations for beverage, sweet and savory dishes creating an Aged Cider Mint Julep, Colonial Pound Cake, and Kentucky Rabbit Ricotta Toast.



Posted by IndustryNet
New data released by the Bureau of Labor Statistics shows the U.S. added 196,000 jobs in March and the unemployment rate remained unchanged at 3.8%. However, employment in the manufacturing sector fell for the first time in more than a year, dropping by 6,000 jobs.



Overall, the nation's manufacturing sector has been growing at a steady pace over the past few years. 2018 was the best year for manufacturing employment gains in the post-recession era, adding a record 284,000 jobs, while 2017 was also a notable year, with jobs climbing by 207,000.



Manufacturing currently accounts for 12,821,000 jobs, or 9% of total U.S. non-farm employment. This stands at roughly the same level as in December 2008 (12,850,000).
Posted by IndustryNet
In the early days of manufacturing, few components and processes were prone to hacking. Today, however, manufacturing is increasingly advanced and connected. Using the wrong software or application can pose a threat by giving unscrupulous individuals access to the network or data.



The incorporation of the "internet of things" or IoT into manufacturing means that more devices are connected to the internet than ever before, offering easy access to hackers. Since historically, manufacturing never had to worry about cybersecurity, some companies may be slow to consider this concern.
Posted by IndustryNet
After slipping several notches in February, U.S. manufacturing activity bounced back in March, led by a spike in new orders, hiring, and production according the Institute for Supply Management's latest survey of manufacturing executives.



Posted by IndustryNet
Hydraulic power units are standalone systems that provide everything necessary to activate a hydraulic circuit. Consisting of a prime mover, reservoir, valve and a pump, hydraulic power units can range in size from less than 30 pounds in weight to several tons.



Dozens of industries utilize hydraulic power units, and to serve them, dedicated companies exist all across the nation. Below is an overview of the hydraulic power unit industry and the top ten companies in that space.

Posted by IndustryNet
From Durham to Detroit, here are just a few of the major manufacturer announcements made in March.
Posted by IndustryNet
Hydraulic equipment and parts refer to the components of hydraulic systems that control and transmit commands and force.



Actuators, valves and pumps are included in this category. Obviously connected to the overall hydraulic industry, hydraulic equipment and parts is a significant fraction of that industry's economic power.

Posted by IndustryNet
Hydraulic equipment utilizes pressurized fluid to perform various machining operations. Hydraulic power drives numerous types of machine, such as diggers, bulldozers, cranes and other construction equipment.



This power is also commonly utilized in industrial facilities, where hydraulics is incorporated into applications like robotic presses, lathes and arms. Without hydraulic equipment, companies specializing in hydraulic pumps or hydraulic hoses would not have the ability to manufacture their products.



Hydraulic equipment suppliers comprise a significant portion of the hydraulics industry. Their average sales account for a huge percentage of the hydraulic industry's overall sales. With the position of the industry in mind, growth among hydraulic equipment suppliers becomes more relevant.
Posted by IndustryNet
API has introduced its 6DoF vProbe, a hand-held tactile probing system, for use with its portable RADIAN Pro and Plus Laser Tracker range, extending their dimensional measurements capabilities to perform part inspections conventionally performed by large fixed coordinate measuring machines (CMM).



The wirelessly-operated API vProbe allows measurement of intricate part features, including those outside the tracker's line-of-site, providing fast and accurate manual part inspections.



The vProbe, combined with a laser tracker, can provide more measurement versatility than a portable arm CMM while being significantly more accurate and more suitable for larger parts.
Posted by IndustryNet
New data released Friday by the Federal Reserve paints a more optimistic picture for U.S. industry. According to the Fed, U.S. industrial output edged up back in February, after falling a half percent at the start of the year.



However, when measured on its own, manufacturing output actually declined, albeit to a lesser degree than January (down a half percent, as opposed to January's one percent). Taking a longer-term view, it should be noted that manufacturing output has in fact increased significantly across most sectors over the past year.

Posted by IndustryNet
According to new data compiled by MNI, publisher of the U.S. industrial data that powers IndustryNet, Rhode Island manufacturing employment edged up over the past year.



A number of new and expanding manufacturing facilities were announced over the year, laying the groundwork for future growth in the state. In this article we'll explore some of the key growth trends for the state and take a look at why Rhode Island is becoming a top destination for manufacturers.
Posted by IndustryNet
While most people associate manufacturing with men, at various points in history, women-owned manufacturers have played key roles. In the United States, women have made crucial innovations in manufacturing or made up a significant portion of the workforce. In this article, we look at the role women have played in manufacturing in honor of Women's History Month. Then, we will explore the oldest women-owned manufacturers in the United States.









Posted by IndustryNet
Hydraulic systems depend on hoses in order to operate. Literally pumping the lifeblood of the system, hydraulic hoses have to be built to exacting standards to withstand the extremely high stresses placed upon them.



Subject to the same external factors that the hydraulics industry overall experiences, the hydraulic hose sector is slated to expand in the coming years. Forecasts are predicting that construction will be the biggest driver in the growth of the industry.

Posted by IndustryNet
Traditionally, manufacturing has been perceived as a male-centric profession.



This is slowly changing as more women enter the manufacturing industry and take an active role in management and ownership. Look back at some famous women in manufacturing throughout history before exploring current trends and take a look at the fastest-growing women-owned manufacturers in the U.S. today.
Posted by IndustryNet
In a new report released March 6th, the U.S. Commerce Department revealed the U.S. trade deficit of goods and services has reached its highest point in a decade, increasing by $9.5 billion to its current level of $59.8 billion. Total export of goods declined by $3.9 billion, while imports increased $5.5 billion.



When measured in terms of goods only (the U.S. currently runs a trade surplus in services) the U.S. trade deficit has actually reached its highest point in U.S history at $81.5 billion

Posted by IndustryNet
Hydraulic pumps are the mechanical devices that change mechanical power, converting it to hydraulic energy, and they play a crucial role in the larger industry of hydraulics.



Hydraulic pumps have numerous applications, spanning nearly every industrial or mobile hydraulic machine. As such, they can be found on everything from lifts to mixers to dump trucks to cranes.



To better understand the position of the hydraulic pump industry within the industry of hydraulics as a whole, consider some key statistics. While there are 99 companies in the hydraulic pump industry, hydraulics as a whole has 1,656 companies.
Posted by IndustryNet
Manufacturing is becoming more and more digitalized, thanks to increased awareness of the benefits of digital technology. Over 80 percent of CEOs consider mobile apps as a competitive advantage that is key to the success of their investments.



Evidence of the industry's desire to integrate technology can be seen in a recent survey, which indicated that mobile apps perform 48 percent of inspections. As a result, there is an ever-growing group of companies that are focused on transforming manufacturing into a fully connected industry through the use of apps, dedicated software and IoT enabled sensors.
Posted by IndustryNet
After bouncing back from an end-of-year slump in January, manufacturing activity cooled in February, according the Institute for Supply Management's latest survey of manufacturing executives.



U.S. manufacturing activity now stands at 54.2%, down 2.4% from January's reading of 56.3%.



Says Tim Fiore, Chairman of the ISM: "Comments from the panel reflect continued expanded business strength, supported by notable demand and output, although both were softer than the prior month."
Posted by IndustryNet
The hydraulic pump industry is one of several sections of the hydraulics industry as a whole. Hydraulic pumps are found in all hydraulic power transmission systems. These devices take mechanical energy and turn it into hydraulic energy.



A close inspection will show hydraulic pumps on nearly every industrial and mobile machine, such as mining equipment, graders, dump trucks, cranes, tractors, excavators and vacuum trucks.



They are also commonly found in industrial environments with applications in material handling, pallet jacks, steel mills and more. Some third-party estimates indicate that the global market for hydraulic pumps can reach $11.4 billion by 2024.
Posted by Don Layyous
We've all had our share of maintenance costs, downtime, and performance issues with our pumps in the past and no doubt we expect them to occur again tomorrow.



It's a symptom of a larger problem. The idea that you can just put a set of parts together and hope that they will deliver the outcome you need.



However, that doesn't need to be the case.



A different way of looking at the purchase of pumps and their accessories as well as how the system is designed, constructed and integrated offers a way to break through the old model of buying and assembling your own pump systems and have them built in a way that provides the performance required with a lower cost of ownership and more up time.
Posted by IndustryNet
President Trump said Sunday that the U.S. would be delaying the increase in tariffs on $250 billion of Chinese goods, originally scheduled to increase from 10% to 25% effective March 1st.



In two Tweets sent Sunday night, the President referenced "substantial progress" in the latest round of talks with Chinese President Xi Jinping.
Posted by IndustryNet
According to new data compiled by MNI, publisher of the U.S. industrial data that powers IndustryNet, Maine added a record number of manufacturing jobs in the past year.



Gains were led by some of the state's top industries, including transportation equipment and food processing, while a number of new and expanding advanced manufacturing facilities laid the groundwork for future growth in the state.

Posted by IndustryNet
Industrial hydraulics is a fast-growing sector in the U.S. The industry comprises 1,656 companies 1,656 companies, offering a total of 54,819 jobs. This is an increase of 2.20 percent in jobs over last year's count of 53,638 jobs. The following article will take a look at the regional trends in growth for the industry.
Posted by IndustryNet
Industrial hydraulics are heavily used in construction and manufacturing, enabling massive cranes, excavators, precision machines and automated systems to function with often just one operator. As a result of this, the health of the industrial hydraulic industry is closely tied to the health of these other industries.



Industry overview



Used in hundreds of different sectors, industrial hydraulics enable work to be accomplished at an exponential rate. Widespread use resulted in the industrial hydraulics industry commanding nearly $24 billion of the U.S. economy.



The recent reshoring movement that revitalized American manufacturing also graced this sector. As manufacturers shifted strategies to avoid the tariffs imposed on imported Chinese goods, industrial hydraulics companies took advantage.



Sales increased by 1.45 percent over the previous year and 1,181 jobs were added, for an increase of 2.2 percent over the same interval. Domestic distribution remains slightly lower than other sectors at 70 percent, but this may change in the coming year as adjustments to tariffs become stabilized.
Posted by IndustryNet
New data released Friday by the Federal Reserve paints a gloomier picture for U.S. manufacturing at the start of 2019. According to the Fed, U.S. industrial output eased back in January, falling a half percent after posting its largest increase in ten months back in December of 2018.



However, a longer-term view shows the nation's industrial output has in fact increased significantly across most sectors over the past year.
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