American Industrial Capital Expenditure Pushes $1 Trillion

Industrial capital expenditure in the Americas is expected to exceed the $1 trillion mark by 2015, boosted by strong growth from all 15 of the end-user sectors examined recently by IMS Research.

According to the study, investment continues to recover following the economic downturn, during which many projects were either postponed or cancelled altogether. Industrial capital expenditure is forecast to show growth of 6.8% between 2011 and 2012.

In addition to increasing capacity to keep up with rising demand from recovering economies, there are a number of other factors contributing to the growth in capital expenditure, according to Andrew Robertson, analyst–capital expenditure for IMS Research. Meeting ever-changing regulatory challenges, increasing efficiency, improving safety and new product development are all supporting continued investment, he noted.
 
The industry to see the most capital expenditure in the Americas will continue to be oil and gas, representing more than a third of the region’s total dollars spent. The sector is benefiting from improvements in technology and a high oil price, which have meant that unconventional deposits, such as sand and shale oil, can now be extracted and processed profitably. With vast amounts of these now-exploitable deposits around the world, and notably in North America, this is helping to fuel continued investment in the oil and gas sector.
 
The U.S. is comfortably the leading nation, and is set to remain so, Robertson said. This is followed by Canada and then Brazil; however, Brazil is expected to have surpassed Canada by 2016.

Industrial CapEx Spending in the Americas - IMS Research

The report, “Capital Expenditure in Factory and Process Automation,” examines total industrial capital expenditure, and also breaks out the automation spend in 15 industry sectors to evaluate the opportunities this presents for automation vendors.

More News:

  • HART-Fieldbus Foundation Marriage Complete

    The final step in constructing a single organization to lead process automation communications and integration technologies was completed at the end of August when the members of both the HART Communication Foundation and Fieldbus Foundation approved the merger proposed by their respective boards.

  • Use of BYOD Spreads, But Holdouts Remain

    Manufacturing workers are jumping on the bring-your-own-device (BYOD) bandwagon,

  • ISA100 Wireless Standard Gains Final IEC Approval

    ANSI/ISA-100.11a-2011, "Wireless Systems for Industrial Automation: Process Control and Related Applications," has been unanimously approved by the IEC as an international standard

  • Mergers, Acquisitions & Alliances: Danfoss Makes Offer, Hardinge Acquires Assets, and Fanuc and Rockwell Collaborate

    Danfoss made a public tender offer for all shares of the Finnish ac drives company Vacon. Hardinge, international provider of advanced metal-cutting solutions, agreed to acquire the assets of the Voumard internal diameter (ID) grinding business from Peter Wolters GmbH in Rendsburg, Germany. Maverick Technologies, acquired CQS Innovation, a system integrator specializing in control and information systems for life sciences, chemical and metals industries.

  • Belden Advocates Ethernet, Security and Wireless

    The Internet of Things (IoT) and the industrial IoT will use increasingly intelligent network infrastructures, but this will create more risk and increase the need to protect those critical infrastructures and their data. That's why we're investing both organically and through acquisition in Ethernet, security and wireless—so we can help transform this interconnected world.

  • The Future Is Forged at IMTS 2014

    Front and center was large-scale additive manufacturing in the form of the world's first 3D-printed car, which was printed and assembled on-site at the show. The project was a cooperative effort by Local Motors, Cincinnati Inc.; Oak Ridge National Laboratory; the University of Tennessee; and IMTS' Association for Manufacturing Technology (AMT).

  • Big Manufacturing Trade-Shows Dominate November Calendar

    There Will be More than 100 Exhibits Featuring Products and Services from Rockwell Automation and its Network of more than 100 Partners.

  • Honeywell OneWireless Takes the Prize for Best Wireless Solution

    The OneWireless Network is designed to enhance efficiency, safety and reliability in business processes. The OneWireless Network offers flexibility and scalability, wire-like performance with wireless security and best-in-class data availability with a low cost of ownership.

  • The Center for Compact and Efficient Fluid Power Hosts International Conference on Workforce Skills Transforming the Fluid Power Industry

    A panel session, featuring Vanderbilt University's Chancellor Nicholas Zeppos and Dean of Engineering Philippe Fauchet, will focus on the future of public-private partnerships in innovation, high-technology workforce skills, and ways to accelerate the transition of research to the marketplace.

  • Eleven Teams To Compete for a $2-Million Prize in Next Year's DARPA Robotics Challenge

    The DARPA Robotics Challenge finals are in less than one year. Scientists from at least 11 teams will compete for a $2 million prize, though DARPA says it expects more teams to participate.

All news »

What are your comments?

Join the discussion today. Login Here.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments