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Essay / Business and Industry Research and Analysis: Emerson...
The manufacturing industry spent a total of $204.5 billion to $160.8 billion on capital expenditures, while 43.7 billions of dollars were spent on structures. On the other hand, the mining industry spent $193.8 billion on capital, including $147.8 billion on structures and $46 billion on equipment. This implies that there will be increased demand for Emerson Electric Co.'s monitoring services to ensure that these structures and equipment are operating efficiently. As the manufacturing industry booms around the world, demand for the company's services will increase (US Census Bureau,