Table of Contents
Industry Convergence and Micro Booms
•Economic growth in North America is gaining momentum, spurred by the rejuvenated manufacturing industry.
•The push to lower manufacturing costs is driving the resurgence in growth in Latin America.
•In recent years, there has been a clear shift in global manufacturing potential, with rising input costs in Asian countries, lower energy costs in the United States, and a shift in industrial investment back to developed economies.
•One of the key aspects of recent and future manufacturing growth is the rise of industrial convergence and technological micro booms, driving new areas of growth.
•The fracking industry is creating opportunities in the wastewater treatment market.
•Energy and technology is combining to create unique opportunities in smart energy grid infrastructure.
•Advances in battery technology are creating new opportunities in the automotive industry for hybrid and electric vehicles.
•Spending patterns in healthcare will be altered due to the drive for health and wellness, which is being supported by technological advancements that can track the health of an individual in real time.
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