The industrial gearbox market is expected to grow from an estimated $25.91 billion in 2018 to $31.90 billion by 2023, at a CAGR of 4.25% from 2018 to 2023. Increasing requirement for efficient energy gearbox and clean energy sources are driving the growth of the industrial gearbox market. The increasing automation in manufacturing technology is facilitating the growth of the industrial gearbox market. In addition, increasing investments in renewable power generation, with a skew towards wind power, is driving the industrial gearbox market.
Silicone is one of the most versatile polymers existing today. Silicone exists in various forms, ranging from fluids, resins, and gels to tough, stiff, and strong elastomers. They are stable and inert compounds and are widely used in almost all the modern industries, including building & construction, transportation, personal care & consumer products, electronics, medical & healthcare, industrial process, energy, and others. The unique and useful properties of silicones such as low thermal conductivity, low chemical reactivity, low toxicity, and thermal stability make their products stronger, stable, user friendly, and durable.
The industrial filtration market is expected to grow from an estimated $25.89 billion in 2018 to $35.47 billion by 2023, registering a CAGR of 6.50% during the forecast period. This growth is primarily due to the growing industrialization and urbanization, stringent regulations pertaining to emissions and treatment of industrial waste, and requirement of safe working environment in industrial facilities.
The global arc flash protection market is projected to grow from an estimated $1.85 billion in 2017 to $2.41 billion by 2022, at a CAGR of 5.38% from 2017 to 2022. The market in North America is estimated to be the largest markets for arc flash protection system and equipment, followed by the market in Europe. This trend is expected to continue till 2022. The growth of the arc flash protection market is driven by increasing investments in electrical networks and growth of the manufacturing sector in South-East Asia.
This week, Durig looks at the auto industry to focus on a manufacturer who supplies components to many of the industry’s leader auto makers. American Axle & Manufacturing (NYSE:AXL), a leading supplier of driveline technology, recently released its second quarter results. The company registered solid free cash flow, net cash from operations and improving EBITDA and EBITDA margins (see bullets above).
The global Power Distribution Unit Market is projected to reach $5.2 billion by 2024 from an estimated $3.7 billion in 2019, at a CAGR of 7.1% during the forecast period. The rising investments in data centers along with increasing cloud-based networking are driving the demand for power distribution units.
According the latest research from Future Market Insights (FMI), the global sales of fertigation control systems reached ~$674 million in 2018, and are estimated to record a value Y-o-Y growth of 6.4% in 2019.
This week, Durig Capital takes a look at an industrial designer, manufacturer and marketer of aftermarket parts for light vehicles, commercial trucks and other industrial uses. Tenneco (NYSE:TEN) is on track and getting ready to create two market leading companies after its landmark acquisition of Federal-Mogul late last year. Its second quarter results tell the story of a company working diligently to grow its business, even among some industry slowdowns (see above).
Tenneco’s 2024 bonds have a yield-to-maturity of just about 7.85%. This is a fantastic yield, especially when investors can’t even get 2% from the current 30-year U.S. Treasury bond. In light of this and the company’s solid Q2 performance, these bonds are ideal for additional weighting in Durig Capital’s Fixed Income 2 (FX2) High Yield Managed Income Portfolio, the aggregated performance of which is shown below.
The power rental market is projected to grow from an estimated $14.5 billion in 2018 to $21.29 billion by 2023, growing at a CAGR of 7.89% from 2018 to 2023. The global power market is witnessing a significant growth, which is driven by the increase in power loss due to aging infrastructure and limited access to electricity in rural areas.
The brushless DC motors market is expected to grow from an estimated $5.19 billion in 2016 to $8.15 billion by 2021, at a CAGR of 9.4% from 2016 to 2021. The global market is set to witness growth, due to increased usage of brushless DC motors across major industries such as chemicals, paper & pulp, marine, automotive, food processing, semiconductors, electronics manufacturing and aerospace.
The power quality equipment market is expected to grow at a CAGR of 6.56%, from 2017 to 2022, to reach a market size of $40.85 billion by 2022. Non-uniform power quality and network reliability issues, rise in alternative energy programs, and power quality standardization are the major drivers of the power quality equipment market.
This week, Durig Capital reviews one of the leading producers of steel products in the United States. AK Steel (NYSE:AKS) produces steel for the automotive, infrastructure and manufacturing sectors. There has been much talk of bringing back manufacturing jobs to the U.S., especially in the production and manufacturing of steel. AK Steel is one of the companies trying to ensure continued heavy manufacturing capabilities within the United States. It recently reported its second quarter results (for the three months ending June 30, 2019) with the highlights (listed above).
This week, Durig Capital takes a second look at an issuer involved in the design and manufacture of semiconductors. Magnachip Semiconductor (NYSE:MX) has been around for over three decades and is currently the largest independent supplier of OLED display drivers to panel makers for smartphones. The company is riding the wave of transition from LED to OLED in the smartphone world. This has paid handsomely as its full year 2018 results can attest (above). In addition, the company’s first quarter also posted continued wins for its Standard Products division.
Global consumption of sodium metal was estimated to the tune of 98,400 MT in 2016. It is projected to surpass 127,400 MT through 2025. The sluggish demand for sodium metal is on account of a slew of factors, including its impact on the environment and growing use of alternatives, such as magnesium.
This week, Durig Capital takes a look at an industrial designer, manufacturer and marketer of aftermarket parts for light vehicles, commercial trucks and other industrial uses. Tenneco Inc. recently posted a fantastic fourth quarter and full year results in large part due to its recent acquisition of Federal-Mogul. Highlights include:
Later this year, Tenneco will create two separate, market leading companies from its acquisition of Federal-Mogul. Federal-Mogul brings strong brands, products and capabilities that are complementary to Tenneco’s portfolio. Creating two new product focused companies with stronger product portfolios will allow each of them to move faster in executing on their specific growth priorities.
Metalworking machines comprise manufacturing machinery and machine tools which are used to cut or shape metals and other hard materials to produce industrial tools. Metalworking machines use a combination of techniques including forming, cutting and physio-chemical processing to design and manufacture specific components or goods.
Global truck manufacturing market is increasing mostly due to the growing population and increasing industrialization which is leading to the growth of logistics. After the Second World War, the industry and commerce activities grew at a rapid pace in the key developed countries which pace up the growing truck manufacturing market. With the growing e-commerce industry, the demand for shipping has increased which in turn has been creating propelling the truck manufacturing market. New emission regulations have been leading to the old truck models needs to be dumped which is creating new demands for the truck manufacturing industry.
The $2.45 billion global epoxy curing agents market is estimated to surpass $4 billion by the end of 2028, according to a recent research report published by Future Market Insights. In terms of value, the market is apprehended to exhibit a progressive CAGR of 5% over the assessment period, 2018-2028. Successful emergence of bio-based and water-based epoxy curing agents is expected to drive the market during the next 10 years.
The combustion of coal in coal-fired boilers produces unburned residues. These residues include bottom ash, also known as clinker ash, which exists at the bottom of the boiler. Bottom ash generally accounts for less than the quarter of the total ash production. This ash must be collected and disposed of owing to adverse environmental and health concerns.
Future Market Insights (FMI) has published a new report on the fifth wheel coupling market titled “Fifth Wheel Coupling Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028.” Growing focus on enhancing safety features and utilizing tough materials for fifth wheel coupling is expected to escalate the rate of adoption in the global market. The players operating in the market have been channelizing efforts towards strengthening their distribution channels while also focussing on direct sales.
Future Market Insights offers significant information on the global graphene nanocomposites market and delivers extensive information by structured market research. The report titled “Graphene Nanocomposites Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028” assesses the market and forecasts the upcoming market scenario based on the product type, application and region.
Demand for motorcycle chain sprocket, in Asia Pacific, is expected to grow at a steady year-on-year rate of 5.3 percent, in 2019, as per a recently released market intelligence study by Future Market Insights (FMI). Motorcycle chain sprocket being the lightest transmission possible compared to gear mechanism, in addition to being highly cost-effective in terms of manufacturing versus gear trains, will significantly contribute to the sales of motorcycle chain sprocket, in the coming years.
The global mining industry is gradually coming back on track, and is facilitating the growth of global vibrating screens market. As revealed in a new market research report by Future Market Insights, the vibrating screens which finds 70% of its total application in the construction and mining industry, is expected to witness an established growth in the upcoming years.
The research study titled “Industrial Floor Scrubbers (End-use Industry– Transportation, Healthcare and Pharmaceuticals, Government, Education, Hospitality, Manufacturing and Warehousing, Retail and Food) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020” provides in-depth analysis of the market and related sub-segments.
A tire testing machine is used for determination of stiffness, durability, and endurance of the tire. There is a rise in the demand for the tire testing machine across the globe due to the wide-ranging applications offered by the tire testing machines.
With recent developments and improvements in video technology and image analysis software, manufacturers are focused on video extensometers to provide precise measurement for a number of specific applications.
Laboratory furnaces are convection appliances that are widely used across manufacturing and scientific industries for various applications such as annealing, sterilizing, evaporation, polymer treatment, and solvent removal.
Global demand for container liners totaled 500 thousand tonnes in 2018, equaling a market value worth $783 million. A new study by FMI forecasts global demand to grow at 4% y-o-y in 2019. Projected growth of the container liner market can be attributed to: Realignment of the shipping industry in the wake of ongoing mergers and acquisitions; Reusable feature of container liners accommodates growing transportation of bulk materials; and Rising global logistics activities and improvements in supply chain management.
This week, Durig Capital ventures to the technology sector to review an issuer involved in the design and manufacture of semiconductors. Magnachip Semiconductor (NYSE:MX) has been around for over 30 years and is the largest independent supplier of OLED display drivers to panel makers for smartphones. The company’s latest reported quarterly results (three months ending September 30, 2018) were excellent.
Adjusted EBITDA increased 13% year-over-year.
Gross profits were up 10.8% over the prior year period.
Operating income increased by 17.9% over Q3 2017.
Revenues were up 16.6% year-over-year and were at the highest levels since Q4 2012.
Interest coverage over 3x for the third quarter.