July 2024, Volume 1

MANUFACTURING DATA REPORTS

Manufacturing data reports from the Institute for Supply Management (ISM) are released at the beginning of every month and can be accessed at ISM. The latest report says economic activity in the manufacturing sector contracted in June for the third consecutive month and the 19th time in the last 20 months.

The electrical equipment, appliances & components, as well as the computer & electronic products categories, reported contraction in June. Read the full report.

INDUSTRY NEWS

> Entegris, a Massachusetts-based company, will construct a semiconductor manufacturing facility in Colorado Springs using $75 million from the CHIPS Act. Read more.

> How to make your business’s message stick? Repeat, repeat, repeat. (Use different channels and fresh approaches, though.) Read more.

> The Biden administration is working towards a new kind of “chip diplomacy” where more chips are manufactured in the U.S. and then sent to other foreign countries for assembly and shipping, setting up new supply chains for the industry. Read more.

INDUSTRY TRENDS SURVEY

The July ERA Electronics Components Industry Trends survey is now in your inbox! Check your inbox and fill out the survey today.

Please note: ERA sends this survey monthly to one contact from each ERA member firm via email. Please be on the lookout for this survey in your email inbox. Help us make this survey a valuable resource for you and the rest of our members by taking 5 minutes to complete this each month. The results are visible only to ERA members and gives us a great cross-section of what our members see on the horizon for the near and long term.

VIEW SURVEY RESULTS

ERA NEWS

> Mark your calendars for the next ERA LIVE, taking place next Tuesday, July 16 from 4 – 5 PM ET, featuring Dennis Reed, senior analyst at Edgewater Research. Dennis will present mid-year results and data — such as booking and inventory trends, supplier lead times and pricing outlook — from the ERA/Edgewater Electronic Components Industry Trends survey. This session is sure to be insightful with data that can help guide us for the rest of 2024. No registration necessary. See you there!

> Reminder: Registration for ERA STEP 2024 is now open! Take a “step” up in your electronics sales career and secure your spot today for this live, virtual sales training on Sept. 24-26! Sales Training for Electronics Professionals (STEP) training offers attendees nine, 75-minute sessions that provide useful tactical takeaways, best practices and key tools to succeed at sales in today’s ever-changing market. Register today.

ELECTRONICA

Electronics is a key factor in the energy transition and development of smart energy solutions. That is why smart energy will be a key topic at electronica 2024, as it plays a decisive role in shaping a sustainable energy future with its facets ranging from smart grids and smart meters to power electronics. From November 12-15 in Munich, electronica 2024 will show how these technologies contribute to the efficient production, distribution and use of electricity transforming the entire value chain in the energy industry.

Current studies underscore the importance of smart energy solutions. According to a report by MarketsandMarkets, the global market for smart energy is expected to grow from $170 billion in 2022 to $283 billion by 2027, which is equivalent to a compound annual growth rate (CAGR) of 10.6%. “Against this backdrop, electronica offers technology companies and industry experts an international platform to present their innovations, to network, and to discuss the latest developments and trends,” says Katja Stolle, exhibition director of electronica.

Smart grids are an integral part of the energy transition. They allow electricity generated decentrally from renewable energy sources such as solar and wind power plants to be integrated efficiently and flexibly. These smart grids coordinate power generation, distribution and storage by continuously collecting and analyzing data from IoT-enabled sensors and devices. The electricity grids can thus be optimally controlled and utilized, which contributes to a stable and efficient energy supply.

Smart meters play a decisive role on the consumer side. These intelligent electricity meters measure energy consumption in real time and allow it to be monitored and optimized. They are also of great importance for prosumers – consumers who generate their own energy, for example, through their own solar systems. Smart meter gateways collect and process measurement data and make it available to internal and external market participants.

Power electronics is a key technology for the energy transition. It enables the efficient conversion and control of electrical energy. Modern semiconductors such as silicon carbide and gallium nitride offer significant advantages over conventional silicon. They boast higher switching capacities and lower losses, leading to higher efficiency levels and considerable energy savings.

At electronica 2024, the topic of smart energy will play a correspondingly important role, whether at the stands or in the conference and forum program. The Power Electronics Forum in Hall A5, for example, will look at the entire spectrum of power electronics. Here, experts will discuss current developments that are of crucial importance for the energy transition and for implementing the all-electric society. Hall A4 will be all about innovations in transformers, power supplies, power supply units and batteries. In Halls B4, B5, C3, C4 and C5, numerous exhibitors will present their latest products and solutions relating to semiconductors, while embedded systems can be found in Hall B4.

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