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The Quest for Immortality: How will industrials lead the way to longer lifespans?

The drive to extend individual life and improve the quality of life for future generations will continue to have an impact on how industrial firms operate. Specifically, we see key themes revolving around new products and services that improve safety and/or produce better health outcomes.

Automated smart vehicles will reduce fatalities, increase productivity, and provide potential health monitoring benefits, while the Indoor Air Quality/Healthy Buildings trend presses forward beyond COVID-19.

Find out more about how longer lifespans will impact industrials.

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The Individual Revolution: How quickly can industrials shift from customization to mass personalization?

Personalization at scale is integral to the Individual Revolution and industrials have a strong role to play in bringing a new level of customization to fruition. 3D printing, or additive manufacturing, offers a new paradigm for engineering design and production that is slowly changing the industrial sector.

Additive manufacturing presents risks and opportunities, with cost and expertise being the main barriers to increasing adoption.

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AI Activated: What impact will AI-powered machines have on manufacturing automation?

The use of AI and connected devices has a number of direct applications in the industrial sector. While in many cases industrial companies will still be making a product, AI can bring higher-margin, services-oriented revenue streams to the sector.

Furthermore, the use of big data and predictive analytics can be used to deliver new insights to management, employees, or suppliers, to help make smarter, faster, and more informed business decisions.

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Hybrid Living: How will industrials power the virtual world?

As individuals spend more time in their homes, both for work and leisure, the concept of the home as a hub will only grow in prominence. With this, we expect material changes in consumption patterns (how much power is used, when it is used, and how it is used).

This will require an accelerated adoption of distribution generation, and industrial companies will play a critical role in facilitating this transition (think residential and grid infrastructure build out).

“The industrials sector is well-positioned to deliver on distributed generation demand, with many companies already leaders in grid infrastructure and electrical equipment.”

Deane Dray
Multi-Industry Analyst, RBC Capital Markets

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The Great Balancing Act: What role can industrials play to close social, economic and environmental gaps?

The growing number of socioeconomic disparities and geopolitical skirmishes pose unique threats across the global manufacturing landscape. But with these challenges come opportunities. For instance, the industrial sector is addressing the energy transition through flow control solutions for hydrogen and carbon capture.

A reduction of global CO2 emissions to combat climate change is also being addressed through battery electric vehicles, more efficient HVAC systems, and even the use of waste fuel.

Find out more how the Great Balancing Act will impact industrials.

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