Renewable Energy Industry Update 2024 and a Look Ahead

The renewable energy sector has set the stage for a transformative decade in 2024. With strong investment, technological innovation, and policy support, renewable energy is poised for rapid growth in 2025 and beyond. Energy storage, hydrogen, offshore wind, and digitalization will be the key trends shaping the industry’s future.

Renewable energy will remain at the forefront of climate action as the world moves toward a low-carbon economy, offering a pathway to sustainable and resilient energy systems. This blog provides an overview of the key trends currently shaping the renewable energy landscape and explores what to expect in 2025 and beyond.

2024: Record Investment and Capacity Expansion

2024 saw record investment and capacity expansion. Unprecedented global investments were made in renewable energy, driven by both private sector commitments and public policies. The International Energy Agency (IEA) estimates that global renewable power capacity grew by 12% in 2024, with solar and wind energy leading the charge. Solar power continues to be the fastest-growing energy source, thanks to lower costs and advancements in photovoltaic technology. Wind energy also saw significant gains, particularly in offshore wind projects, which are becoming increasingly viable with larger turbines and floating platforms.

Corrosion Prevention for Cargo Trucks: Protecting Your Fleet from the Elements

Corrosion is one of the most significant threats to the longevity and performance of cargo trucks. Whether you manage a large fleet or a single truck, exposure to the elements, road salts, and chemicals can lead to rust, deterioration, and costly repairs. Preventing corrosion is essential for maintaining your vehicle's appearance and ensuring structural integrity, safety, and efficiency.

Adhesive Canister Systems vs. Bulk Adhesives: Which Is Right for Your Needs?

Introduction to Adhesive Delivery Systems

When it comes to choosing the right adhesive delivery system, understanding the differences between bulk adhesives and canister systems is crucial. These systems vary in terms of scale, portability, and application, making each suited to specific types of projects and environments.

Bulk Adhesive Systems

Efficiency and Productivity Challenges

Bulk adhesive systems are designed for high-volume industrial use. They leverage pumps and shop air to transport adhesives, which can lead to inefficiencies. During delivery, adhesive molecules mix with air, causing significant material loss. Typically, bulk systems operate at only 50-60% efficiency, meaning 40-50% of the adhesive never reaches the target surface.

Essential Industrial Hardware in the Renewable Energy Industry

The renewable energy industry is booming, with wind, solar, hydro, and biomass energy leading toward a sustainable future. Behind the scenes, various industrial hardware components play critical roles in ensuring these systems function efficiently and safely. In this post, we’ll explore how industrial hardware components are being used to support renewable energy systems.

Locks and latches are essential for safeguarding the equipment and enclosures in renewable energy installations. In solar power plants, locks secure control boxes, inverters, and junction boxes, preventing unauthorized access to critical systems. Wind turbines, which house complex and expensive machinery in their nacelles (the box at the top of the tower), use latches to ensure secure access to maintenance doors and panels. These mechanisms protect equipment from vandalism and unauthorized tampering, ensuring the operational integrity of the renewable system.

Maintenance teams need frequent access to sensitive equipment in solar arrays, wind turbines, and hydropower facilities. Handles are indispensable to access panels, doors, and control boxes. These handles are often designed with ergonomic features, allowing maintenance personnel to open enclosures quickly and safely. In wind turbines, for example, the nacelle and tower may include secure handles on access doors, providing a safe entry point for technicians working at significant heights.

A Recap of the Fall 2024 RV Show Season

A couple of shows remain in November, but the bulk of the Fall RV show season concluded last week. As always, August and September saw countless regional and “Super” shows around the country, presented by RV and boat industry associations.

Always a major highlight for the RV community, the Hershey RV Show, held September 11-15, attracted nearly 48,000 attendees, a more than 5% increase from 2023, as reported by the Pennsylvania Recreation Vehicle and Camping Association (PRVCA). Billed as “America’s Largest RV Show,” the event, which takes place in Hershey, PA, the home of The Hershey (candy) Company, featured over 1,500 RVs from 40 manufacturers and offered a first look at 2025 models with cutting-edge designs, technologies, and features.

Agricultural Heavy Equipment Industry Update

The agricultural heavy equipment industry in 2024 is facing challenges and growth opportunities shaped by evolving market conditions and technological advancements.

The market for new equipment is mixed. While some OEMs express cautious optimism, driven by a resilient agricultural economy and technological advancements, there is also concern about declining sales. Nearly 48% of dealers have forecasted a decrease in new equipment revenues for 2024.

Conversely, the demand for used equipment, especially high-horsepower tractors, remains strong. Inventory levels have significantly increased, with values continuing to rise year-over-year. However, dealers report that inventory shortages persist, and auction activity has slowed, suggesting that OEMs need to offer better financing options to stimulate sales.

Supply chain disruptions and fluctuating commodity prices remain factors that impact the availability and cost of agricultural equipment. Manufacturers remain optimistic that the industry will successfully navigate these challenges.

The big picture is clear: The industry is adapting through innovation while managing economic pressures and fluctuating demand. Technological advancements focusing on improving efficiency, sustainability, and data integration are the drivers.

Pre-packaged fasteners offer substantial benefits for DIYers, dealers, and retailers alike. For DIY enthusiasts, they bring convenience and organization while also providing versatility and cost savings. For dealers and retailers, pre-packaged fasteners simplify inventory management, reduce customer confusion, and offer a cost-effective solution to meet customer demands. Embracing pre-packaged fasteners is a win-win situation with benefits for everyone involved. Let’s explore some of these benefits further.

In the worlds of DIY projects, vehicular and industrial production, and repair, fasteners are the unsung heroes that literally hold things together. From hex head cap screws and carriage bolts to blind rivets and washers, each fastener type plays a specific and important role in ensuring structures remain intact.

Pre-packaged fasteners are convenient and efficient, eliminating the hassle of sifting through bins or making multiple trips to a hardware store. Whether working on a home project, manufacturing goods such as truck bodies or trailers, or making equipment repairs, having the right type and number of fasteners on hand simplifies the process.

Pre-packaged fasteners reduce customer confusion and product handling time for dealers and retailers. Rather than stocking fasteners in bulk and dealing with inventory complexity, pre-pack fasteners can be quickly restocked and sold, making the process more streamlined for sellers and customers.

Celebrate National Manufacturing Month This October!

The International Trade Administration and the U.S. government acknowledge October as Manufacturing Month. The official kickoff of National Manufacturing Month is Manufacturing Day, held annually on the first Friday of October. In 2024, Manufacturing Day falls on Friday, October 4.

According to the Manufacturing Institute, Manufacturing Day “ …helps show the reality and future of modern manufacturing careers by encouraging thousands of companies and educational institutions around the nation to open their doors to students, parents, educators, and community leaders.”

According to Data Bridge Market Research, the global emergency ambulance vehicle market was valued at $19.31 billion in 2023 and is projected to grow to $22.62 billion by 2031, with a CAGR of 2.00% between 2024 and 2031.

In 2024, the EMS vehicle industry has seen significant technological, design, and functionality advancements. These updates aim to improve emergency medical response efficiency, safety, and effectiveness. They reflect a broader trend toward leveraging technology and innovative design to improve emergency medical response, enhance patient care, and ensure the safety of both patients and medical personnel.

Advanced Technology and Connectivity