'Manufacturing renaissance' will boost North American growth

Siemens executive projects revenue boom in next five years at ProMat


The continuing momentum around manufacturing’s growth over the past four years is changing the way suppliers are examining and serving the market, a top Siemens executive told a press conference at the opening of the ProMat Show, sponsored by the Material Handling International.


“North America is on the cusp of a manufacturing renaissance,” said Doug Keith, president of Siemens Drives Technology. “When you look at the U.S., Canada and Mexico, that’s 25% of the world’s economy. We think between now and 2018, North America will make up 20% of the global GDP growth. We think it will grow $600 billion between now and 2018.


“That means shortening product lifecycles, and reshoring of jobs to be closer to our customers,”


Keith added. “It’s important to understand what supplier like Siemens what can drive cost efficiency and automation efficiency. My personal opinion is that the manufacturing sector will have greater growth in the next few years than GDP as a whole.”


Siemens was at ProMat at McCormick Place in Chicago to announce its domestic launch of its new Simogear family of geared motors, its Sinamics V20 inverter and Simatic S7-1500 controller, all targeted for the conveyor market.

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
Mobile HMI; PID tuning tips; Mechatronics; Intelligent project management; Cybersecurity in Russia; Engineering education; Road to IANA
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me