U.S. Heavy Manufacturing Caters to Battery, Automated System Needs

December 6, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. heavy-manufacturing sector is preparing for a swath of capital-spending project kickoffs in the coming months that will provide much-needed machinery and equipment to some of the fastest-growing markets, including those for storage batteries, power generation and automated systems.

Industrial Info is tracking nearly $10 billion worth of capital-spending projects at heavy-manufacturing facilities across the U.S. that are set to kick off in first-quarter 2024. The development of storage batteries across multiple industries--notably automotive and power-generation--is the top driver of the U.S. heavy-manufacturing sector, when evaluating by standard industrial classification (SIC).

Companies featured: AEsir Technologies, The Marshall Group, Lockheed Martin Corporation (NYSE:LMT), General Electric (NYSE:GE), Toyota Motor Corporation (NYSE:TM) and Robert Bosch GmbH.