With 2017 officially closed, now is the time to look towards industry predictions in the new year.
Industry Outlook Predictions
Projections for 2018 show positive outlooks for three of the main industries MPS serves.
The renewable energy sector, both globally and within the U.S., will always be at the forefront of debate and conversation. Renewables (in particular, wind and solar) will continue to increase their share of the power mix.
Industry experts have predicted that the medical market will continue to grow in the upcoming year, given the fast pace nature of technological advancements and increasing role of tech in medical devices. Our design team ensures our magnetic components meet industry requirements, such as UL544 standards.
In the global consumer electronics industry, the forecast is for a healthy demand in 2018, particularly for Smart TVs, 3D TVs, smartphones, and tablets. Connected devices that use magnetic parts continue to provide potential opportunities, especially as new data sources come to fruition.
Meeting Demands in 2018
Our broad product offerings will carry on into 2018 as our MPS team continues to manufacture magnetic components, including transformers and inductors, for industrial applications across a wide range of industries.
Clients will still be able to work with our experienced team to design and engineer custom electrical components as per request.
Having a diverse product line enables our team to effectively serve multiple markets worldwide from our headquarters in Gardena, California. Our high-quality lineup solves client needs across industries such as automotive, industrial, renewable energy, medical, military and aerospace, telecommunications, and consumer electronics.
Moving into the New Year
At MPS Industries, we embrace opportunities to fulfill customers’ visions and possess the skills to move quickly as industry demand increases across the sectors we serve. Our agility, both in strategy and operations, and excellent customer support, makes us a great choice for your magnetic components manufacturer this year.