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Coffee Capsules Market Worth $11.9 Billion by 2032 at 7.6% CAGR : Allied Market Research

April 28, 2023 Published by Roboticulized.com

Allied Market Research published a report, titled, “Coffee Capsules Market by Material (Aluminum, Compostable, PBT Plastic), by End User (Commercial, Residential), by Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, E-Commerce, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global coffee capsules industry generated $5.9 billion in 2022 and is anticipated to generate $11.9 billion by 2032, witnessing a CAGR of 7.6% from 2023 to 2032.

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Prime determinants of growth

The global coffee capsules market is driven by factors such as surge in coffee consumption in the emerging nations and rise in growth of HoReCa industry. However, the availability of alternative products hampers the market growth. The demand for coffee makers is expected to increase at a rapid pace, owing to growth in the middle classes, urbanization, and rising incomes, which in turn, is expected to provide lucrative opportunities for the market growth.

Report coverage & details:

Report Coverage	Details
Forecast Period	2023–2032
Base Year	2022
Market Size in 2021	$5.9 billion
Market Size in 2031	$11.9 billion
CAGR	7.6 %
No. of Pages in Report	300
Segments Covered	Material, End User, Distribution Channel, and Region
Drivers	The surge in coffee consumption in the emerging nations Rise in growth of HoReCa industry
Opportunities	Decrease in demand for carbonated drinks
Restraints	Availability of alternatives The harmful effect of Coffee Capsules Packaging on the Environment

Covid-19 Scenario

The COVID-19 pandemic had a significant impact on the coffee capsules market. With lockdowns and social distancing measures in place, many people had been spending more time at home and turning to coffee capsules as a convenient and easy way to make coffee.
One of the major impacts of the pandemic on the coffee capsules market had been an increase in demand for coffee. As more people have been working from home and avoiding cafes, they have been looking for convenient ways to make coffee at home.
However, the pandemic had also caused supply chain disruptions and price fluctuations for raw materials. Many manufacturers of coffee capsules rely on imports of coffee beans from countries such as Brazil and Colombia, which had been affected by lockdowns and other restrictions.

The aluminum segment to maintain its leadership status throughout the forecast period

Based on material, the aluminum segment held the highest market share in 2022, accounting for more than two-fifths of the global coffee capsules market revenue, and is estimated to maintain its leadership status throughout the forecast period. The convenience and flexibility of aluminum coffee capsules have made them increasingly popular. However, the compostable segment is projected to manifest the highest CAGR of 10.0% from 2023 to 2032. Due to growing consumer interest in sustainable alternatives to conventional single-use coffee capsules, the market demand for compostable coffee capsules has been steadily rising in recent years.

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The commercial segment to maintain its lead position throughout the forecast period

Based on end-user, the commercial segment held the highest market share in 2022, accounting for more than three-fifths of the global coffee capsules market revenue and is estimated to maintain its leadership status throughout the forecast period. This segment is also the fastest-growing segment and is projected to manifest the highest CAGR of 8.2% from 2023 to 2032. This is attributed to various benefits associated with coffee capsules in the commercial segment. For instance, coffee capsules are practical, simple to use, and offer constant quality and flavor, all of which are crucial in a commercial setting where clients or staff members need a good standard of coffee.

The e-commerce segment to witness fastest growth throughout the forecast period

Based on distribution channel, the other segment held the highest market share in 2022, accounting for around half of the global coffee capsules market revenue and is estimated to maintain its leadership status throughout the forecast period. However, the e-commerce segment is projected to manifest the highest CAGR of 9.7% from 2023 to 2032. Rigorous online marketing has increased the popularity of this distribution channel in recent years, complemented by vast options, availability of detailed information, discount & free home delivery offered by various e-commerce platforms.

Europe to maintain its dominance by 2032

The Europe region held the highest market share in 2022, accounting for nearly two-fifths of the global coffee capsules market revenue, and is estimated to maintain its leadership status throughout the forecast period. The coffee capsules market demand in Europe has been driven by a number of factors, including the trend towards home brewing and the increasing popularity of single-serve coffee. However, the Asia-Pacific region is projected to manifest the highest CAGR of 9.0% from 2023 to 2032. The demand for coffee capsules in the Asia-Pacific region is increasing, reflecting a broader trend towards convenience and on-the-go products, as well as a growing interest in premium and specialty coffee.

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Leading Market Players: –

Nestle S.A.
Georg MENSHEN GmbH & Co. KG
Coffee Nirvana
Coffeeza
Halo Coffee
Starbucks Corporation
Keurig Dr Pepper Inc.
Inspire Brands, Inc.
JDE Peets N.V.
Aumeeka Ventures LLP
illycaffe S.p.A.
The Kraft Heinz Company
The J. M. Smucker Company
Lavazza Group
Fresh Brew Co.

The report provides a detailed analysis of these key players in the global coffee capsules market. These players have adopted different strategies such as new product launches, business expansion, partnerships, mergers, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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Glass Mat Market worth $2.2 billion by 2028 – Exclusive Report by MarketsandMarkets™

April 28, 2023 Published by Roboticulized.com

The report “Glass Mat Market by Mat Type (Chopped Strand Mat, Continous Filament Mat), Binder Type (Emulsion, Powder), Manufacturing Process (Dry-Laid, Wet-Laid), End-Use Industry, Region (North America, APAC, Europe, Latin America, MEA) – Global Forecast to 2028″, is projected to grow from USD 1.3 billion in 2022 to USD 2.2 billion by 2028, at a CAGR of 8.6% during the forecast period. Glass mat offers various useful properties such as low weight, high strength, durability, and corrosion resistant. These properties enable their use in various end-use industries such as construction & infrastructure, automotive & transportation, industrial applications, marine, sports & leisure goods, and others.

Browse in-depth TOC on “Glass Mat Market”
282 – Tables
55 – Figures
257 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=32320559

Chopped Strand Glass Mat segment is projected to dominate the global glass market during the forecast period.

Glass mat market has been segmented based on the mat type into chopped strand glass mats, and continuous filament glass mats. The chopped strand glass mat dominated the overall market interms of both, value, and volume. These mats get used in wide range of applications including closed-mold and hand-layup. Hence these mats get widely preferred under multiple end-use industries.

Emulsion bonded glass mat segment to grow at a highest CAGR in forecasted period.

In emulsion bonded mat, the binding material is distributed uniformly over glass fiber strands and excess binder can be recovered. This minimizes the loss of binding material. Similarly, emulsion bonded glass mat gives better handling properties, better surface bonding efficiency, and greater ease of processing than powder bonded glass mat. These mats offer benefits such as easy air removal and rapid resin impregnation, good surface bonding and high strand integrity, better appearance of the composite parts, good surface bonding, low resin consumption, and high strand integrity.

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Wet-laid manufacturing process type to dominate the market

Based on manufacturing process type, glass mat market has been segmented into dry-laid, wet-laid and other segments. Wet-laid manufacturing process dominated the market in terms of value in 20222. This manufacturing technology offer high quality, durable glass mats that can be customized as per the end-use application requirements.

Construction & infrastructure end-use industry segment to register a high CAGR in forecasted period.

Various end-use industries such as construction & infrastructure, industrial applications, sporting goods, electricals, consumer goods, and automotive & other transportation use glass mats. In terms of value, construction & infrastructure dominated the market in 2022. This dominance is due to high demand of glass mats in applications such as domes, pediments, letterboxes, blinds, sanitary ware, window profiles, transmission poles, utility poles, and reinforcing bars.

Asia Pacific is expected to be the largest market for glass mat during the forecast period

Asia Pacific is the largest and the fastest growing market for glass mats. The significant growth of glass mat market is due to rising demand from the automotive & transportation, construction & infrastructure sports & leisure, and industrial applications industries. In addition, regional demand from other industries such as wind energy and electrical and consumer goods is high as compared to that in other regions.

Market Players :

The major players operating in the glass mat market includes Owens Corning, (US), Chongqing Polycomp International Corporation (CPIC), (China), China Jushi Co., Ltd., (China), 3B-the Fibreglass Company, (Belgium), Saint-Gobain, (France), Nippon Electric Glass Co., Ltd., (Japan), China Beihai Fiberglass Co., Ltd, (China), Taiwan Glass Ind. Corp. (Taiwan), Superior Huntingdon Composites Co., LLC, (US), Jiangsu Changhai Composite materials Co., Ltd, (China).

Browse Adjacent Market: Fibers and Composites Market Research Reports & Consulting

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IIT Kanpur to upskill workforce in Quantitative Finance and Risk Management with eMasters degree

April 28, 2023 Published by Roboticulized.com

Over the years, the finance industry has undergone a major paradigm shift from traditional queue banking to digital swipes in the stock market. The pandemic hit the financial sector with a massive blow, keeping digitalization no longer a novelty. Today, artificial intelligence and machine learning create customized investment options and improve user experience through chatbots. The financial services sector aim to invest significantly in new-age technologies to ensure more personalized finance options that favor growth and minimize risks.

Being one of the most significant sectors in AI-led services, various new-age and emerging technologies like Blockchain, Machine Learning, Market and Data Intelligence, Quantitative Modeling, etc., are becoming quintessential for processes in the finance industry. To adapt to this crucial shift, IIT Kanpur offers a unique eMasters degree in Quantitative Finance and Risk Management that helps budding traders, commodity market specialists, and finance enthusiasts create a valued impact in alternative investment segments, with proper amalgamation of theory and practice.

Professionals pursuing this degree can specialize in the evolving domains of finance, making a difference in whichever job role they are in. They will also be trained to manage finance treasury models by using top-notch technologies. The real-world curriculum of the degree includes ten modules starting from the basics of economics, complex derivatives, extensive data analysis, treasury, and credit risk management, to name a few. It also provides exposure to quantitative modeling and theory based on specialized modules in R, Python, Machine Learning, and Blockchain in Finance.

The executive-friendly format offers a flexible approach for professionals to complete the degree anywhere between 1-3 years. The degree includes IIT Kanpur campus visit, mentorship, and career support. Professionals signing up for the degree will be agile in navigating through the fintech revolution, and gain multifold expertise to shape and build the country’s economic future. Following the success of two batches, the program has opened the application window for Batch 3. Application window will be open till May 12, 2023.

CARRO and Huawei Cloud APAC deepen ongoing cloud collaboration

April 27, 2023 Published by Roboticulized.com

CARRO, the Singapore’s largest AI-driven used car that offers a full-stack service for all aspects of car ownership and Huawei Cloud APAC today signed a Memorandum of Understanding (MOU) to continuously deepen ongoing cloud collaboration. Huawei Cloud will play a role and provide its expertise as the technology partner and solution integrator for project planning and implementation using Huawei Cloud’s solution and related partner integrated digital solution, and to support CARRO’s technology development for future business expansion in the field of AI, website hosting, image recognition, data science development. The Parties will jointly plan for joint marketing programmes that are mutually-agreed by both Parties, which may include but not limited to, summits, events, webinars and memorandum of understanding/collaboration ceremonies.

Bryan Tan, Chief Data Scientist and CEO of CARRO Indonesia, said, “As technologies especially Cloud increasingly play an important role in our society, we believe today’s milestone is vital for the CARRO to enhance its Cloud technology infrastructure which is aligned with the online vehicle transaction digital transformation. With Huawei Cloud’s strong support, cloud will be the important factor to enable CARRO to become a digitalization and intelligence leading company in the APAC.”

Mr. Zeng Xingyun, President of Huawei Cloud APAC said that the partnership between CARRO and Huawei Cloud is an important part of Huawei’s commitment to “Grow in Singapore, Contribute to Singapore“. He expected that with Huawei Cloud’s expertise in the Singapore market and its establishment of Cloud services in the country in recent years, Huawei customers can fully grow their business with less complex process and all of customers’ data would be stored in Singapore with high service availability. Our long-term focus on investing in Asia Pacific markets, with the launch of AZ5 in Singapore in 2022. We’re sure to serve CARRO’s business well.

In the Asia-Pacific region, Huawei Cloud is the fastest growing mainstream public cloud provider among the top 5 vendors. It has become one of the best partners in enterprise digital transformation. It has served more than 30 financial customers, more than 100 government customers, and more than 200 Internet and cloud-native value customers in the Asia-Pacific region. It also has local service teams in more than 10 Asia-Pacific countries.

SOURCE Huawei

Small Cell 5G Network Market to be worth $125.5 Billion by 2030: Grand View Research, Inc.

April 27, 2023 Published by Roboticulized.com

The global small cell 5G network market size is anticipated to reach USD 125.5 billion by 2030, registering a CAGR of 72.5% over the forecast period, according to a new report by Grand View Research, Inc. The deployment of next-generation small cell 5G networks is estimated to witness significant growth over the forecast period. This is attributable to the increasing demand for the 5G network from a massive chunk of customers at public locations such as malls, offices, and stadiums. The ever-rising demand for fast mobile data connectivity among consumers has surged the deployment of the next-generation Radio Access Network (RAN). The installation of small cell 5G networks is rapidly increasing in enterprises, industrial, and residential applications to provide enhanced coverage capacity at an affordable cost.

Key Industry Insights & Findings from the report:

Based on the component, the hardware segment dominated the market in 2022. Based on hardware segment, the femtocell segment accounted for the largest revenue share 2022. This is attributed to its increasing demand to attain unified bandwidth coverage for several enclosed applications such as malls, homes, offices, and hospitals. Small cells are mainly available into three categories, including femtocells, picocells, and microcells, based on their different ranges. The covering bandwidth ranges of femtocells, picocells, and microcells encompass up to 50 meters, up to 250 meters, and up to 3 Kilometers, respectively.
Based on network model the non-standalone segment dominated the market in 2022. The non-standalone network is generally deployed in integration with the existing legacy network infrastructure.
Based on architecture type, the virtualized network architecture dominated the market in 2022. This is attributed to a robust deployment of a small cell 5G network with a centralized baseband unit controllable architecture. This helps service providers to reduce the Total Cost of Ownership (TCO) and increase the overall flexibility of the network by managing virtually all the small cell base stations.
Based on deployment mode, the indoor segment dominated the market in 2022. This is attributed to the reliable deployment of next-generation small cells across several residential and non-residential applications. The non-residential uses mainly involve enterprises, retail malls, airports, and hospitals.
Based on frequency type, the sub-6 GHz dominated the market in 2022. This is attributed to the enormous investments by key communication service providers in acquiring low and mid-band frequencies to deliver high bandwidth services to consumers, businesses, and industries.
Based on end-user, the market is segmented into residential, commercial, industrial, smart city, transportation & logistics, government & defense, and others segment. The commercial segment dominated the market in 2022. This is attributed to the growing deployment of small cell 5G networks across large as well as Small and Medium Enterprises (SMEs) across the globe. This 5G RAN network helps enterprises cater to the demand for massive data capacity and coverage needs at a very affordable cost.
Asia Pacific dominated the market in 2022. The dominant share of the region can be attributed to the aggressive deployment of 5G new radio infrastructure by major communication service providers such as KT Corporation; China Mobile Limited; Rakuten Mobile, Inc.; and NTT Docomo Inc. Consequently, the market in the region is anticipated to experience robust growth over the forecast period.

Read full market research report for more latest insights, “Small Cell 5G Network Market Size, Share, & Trends Analysis Report By Component, By Network Model, By Architecture, By Deployment, By Frequency Type, By End-use, By Region, And Segment Forecasts, 2023 – 2030“, published by Grand View Research.

Small Cell 5G Network Market Growth & Trends

Rapidly rising mobile data traffic across the globe enables telecom operators to migrate toward network densification to provide high-speed capacity to mass consumers. The rapidly building smart cities in developed countries such as the U.S., Canada, Singapore, U.K., Germany, Italy, and France have surged the deployment of small cell 5G networks for several applications, such as residential, industrial, commercial, and government, among others.

Also, the demand for 5G data services for several use cases, including Ultra-high Definition (UHD)/4K video, seamless video calling, and cloud-based VR/AR gaming, is rapidly mounting. As a result, it is further anticipated to boost the market growth over the forecast period. The small cell 5G network is anticipated to facilitate telecom operators to fulfill the demand for enhanced data connectivity for several industrial and enterprise business applications.

Some of the largest economies, such as the U.S. and China, are expected to continue spending insistently on provisioning healthcare facilities. The healthcare industry, especially in developed economies, has begun emphasizing remote diagnosis and patient surgeries. Additionally, the COVID-19 pandemic has enabled several key countries to build more robust healthcare capabilities through investing in advanced technologies such as 5G infrastructure. Thus, to deliver constant data connectivity during remote patient surgeries and telemedicine, the demand for small cell 5G network is expected to drive the market growth from 2022 to 2030.

The outbreak of COVID-19 slowed down the implementation of 5G infrastructure owing to the interruptions in further trials and testing needed for validating the stability and processing performance of 5G networks. Additionally, due to the COVID-19 pandemic, countries such as U.S., Germany and China have seen a robust decline in the trades of small cell telecom equipment for 5G New Radios (NR). Disruptions caused by the COVID-19 pandemic are expected to delay the implementation of private 5G networks by halting the testing and QA activities necessary for verifying the processing performance and stability of 5G standalone networks. Moreover, the labor shortage and the complete disruption of logistics and supply chains worldwide caused the delay in 5G network deployment, impacting the overall market growth in the first and second quarters of 2020.

The report covers the competitive analysis of top fifteen players in the market which includes Huawei Technologies Co., Ltd.; Nokia Corporation; Samsung Electronics Co., Ltd.; Telefonaktiebolaget LM Ericsson; Comba Telecom Systems Holdings Ltd.; Altiostar; Airspan Networks; Ceragon; ZTE Corporation; Fujitsu Limited; CommScope Inc.; Contela; Corning; Baicells Technologies. Leading players are actively making partnerships and agreements with key telecom operators to expand their geographical presence. In September 2019, Ericsson made an agreement with KT Corporation to deploy Ericsson’s indoor small cell product for enterprise applications. Besides, in July 2019, Swisscom, a Switzerland-based telecom operator, in a partnership with Ericsson, deployed small cells in Switzerland for indoor applications.

Small Cell 5G Network Market Segmentation

Grand View Research has segmented the global small cell 5G network market on the basis of component, network model, network architecture, deployment mode, frequency type, end-use, and region.

Small Cell 5G Network Market – Component Outlook (Revenue, USD Million, 2019 – 2030)

Hardware
- Picocell
- Femtocell
- Microcell
Services
- Consulting
- Deployment & Integration
- Training and Support & Maintenance

Small Cell 5G Network Market – Model Outlook (Revenue, USD Million, 2019 – 2030)

Standalone
Non-standalone

Small Cell 5G Network Market – Architecture Outlook (Revenue, USD Million, 2019 – 2030)

Distributed
Virtualized

Small Cell 5G Network Market – Deployment Mode Outlook (Revenue, USD Million, 2019 – 2030)

Indoor
Outdoor

Small Cell 5G Network Market – Frequency Type Outlook (Revenue, USD Million, 2019 – 2030)

Sub-6 GHz
mmWave
Sub-6GHz + mmWave

Small Cell 5G Network Market – End-use Outlook (Revenue, USD Million, 2019 – 2030)

Residential
Commercial
- Corporates/ Enterprises
- Hospitals
- Hotels & Restaurants
- Malls/Shops
- Stadiums
- Others
Industrial
- Smart Manufacturing
- Energy & Utility
- Oil & Gas and Mining
Smart City
Transportation & Logistics
Government & Defense
Others

Small Cell 5G Network Market Outlook (Revenue, USD Million, 2019 – 2030)

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- Italy
- Russia
Asia-Pacific
- China
- India
- Japan
- South Korea
South America
- Brazil
Middle East & Africa
- Kingdom of Saudi Arabia (KSA)
- UAE
- South Africa

List of Key Players of Small Cell 5G Network Market

Huawei Technologies Co., Ltd.
Samsung Electronics Co., Ltd.
Nokia Corporation
Telefonaktiebolaget LM Ericsson
ZTE Corporation
Fujitsu Limited
CommScope Inc.
Comba Telecom Systems Holdings Ltd.
Altiostar
Airspan Networks
Ceragon
Contela
Corning
Baicells Technologies

Check out more related studies published by Grand View Research:

5G Network Slicing Market – The global 5G network slicing market size is expected to reach USD 4,829.3 million by 2030, growing at a CAGR of 43.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. 5G network slicing technology enables mobile network operators (MNOs) to make numerous virtual networks within a single physical infrastructure, providing increased flexibility, resource utilization, efficiency, and better user experiences. The growing need for flexible and tailored 5G networks that can cater to the various necessities of different industries is increasing the demand for 5G network slicing.
Private 5G Network Market – The global private 5G network market size is estimated to reach USD 36.08 billion by 2030, registering a CAGR of 51.2% from 2023 to 2030, according to a new study by Grand View Research, Inc. Significantly growing demand for ultra-reliable low-latency connectivity with an extremely secure network across several mission-critical applications, such as public safety, is expected to boost the deployment of private 5G networks during the forecast period. Moreover, a wide range of industries, including manufacturing, oil & gas, mining, and energy & utility, are investing a massive amount in deploying private 5G telecom service to enhance their overall productivity and operational efficiency. As a result, it is expected to foster market growth from 2023 to 2030.
5G System Integration Market – The global 5G systems integration market size is estimated to reach USD 62.69 billion by 2030, registering a CAGR of 27.3% from 2022 to 2030, according to a new study by Grand View Research, Inc. Robust increase in the investments to deploy 5G network infrastructures across key countries, such as U.S., China, and Japan, has created the demand for integrating entire fifth generation infrastructure and applications across enterprises. This process will help enterprises to work as a centralized platform that will assist in reducing overall complexity. Thus, robust investments in building fifth-generation infrastructure, coupled with the growing need to set up a 5G-enabled ecosystem, are estimated to propel market growth.

Akamai Announces Brand Protector to Defend Against Phishing Attacks and Fake Websites

April 27, 2023 Published by Roboticulized.com

Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced the availability of Brand Protector, a new solution that detect and disrupt phishing sites, fake stores, and brand impersonations. Brand Protector enables organizations to retain and grow customer loyalty while minimizing loss, drops in productivity and bad customer feedback.

According to Google, over 50,000 new phishing websites are created every week. Akamai Brand Protector inspects trillions of digital activities a day across both internal and external sources to discover abuse of an organization’s brand – often before an attack campaign launches. This shields businesses from revenue loss and increased risk by combating fake goods sales, phishing sites and unauthorized use of brand elements outside of its environment and across the internet.

Brand Protector addresses the problem of fraudulent impersonations with a four-step approach:

Intelligence: As the world’s largest distributed edge and cloud platform, our proprietary view across the worldwide web traffic analyzes over 600 TB of data a day. The depth of intelligence in Brand Protector is enhanced with third-party data feeds for holistic visibility into attacker actions everywhere.
Detection: Today’s brand attacks automate the deployment of malicious, short-lived websites. Akamai Brand Protector traces live traffic to detect brand abuse often before a phishing campaign begins – instead of relying on refreshed lists or delayed feeds. The outcome reduces attack impact, protecting customers and brand trust.
Visibility: Customer-centric design gives security teams vital security insight in a single dashboard view. After receiving intelligence, data signals are run through a series of heuristic and AI detectors. Akamai’s simplified user interface provides an instant understanding of real-time threats to customers via impersonations. Findings are ranked by threat score and users click into an alert to view analyzed threat data including confidence score, severity rating, number of affected users and a timeline of attack events.
Mitigation: Integrated takedown services help close the loop to combat brand fraud. Brand Protector enables security teams to issue a takedown request of the abusive site right in the detection screen. Takedown requests for Brand Protector automatically attach the detection’s evidence and supporting details for ease of use.

“Attackers are increasingly abusing trusted brand names to lure end-users through phishing and fake sites for the promise of financial gain,” said Rupesh Chokshi, Senior Vice President and General Manager, Application Security at Akamai. “Detecting the rapid deployment of these attack campaigns and mitigating them can be a challenge for global brands. Brand Protector retains customer loyalty and revenue by addressing these external attack campaigns before they can gain momentum.”

To learn more about Akamai’s Brand Protector and other products and capabilities that empower customers to provide consistent online experiences, please visit: https://www.akamai.com/products.

Hydrogen Fuel Cell Truck Market to Reach $3.7 Billion, Globally, by 2032 at 36.0% CAGR: Allied Market Research

April 27, 2023 Published by Roboticulized.com

Allied Market Research published a report, titled, “Hydrogen Fuel Cell Truck Market by Truck Type (Light Duty Truck, Medium Duty Truck, and Heavy-Duty Truck), by Range (Below 400 Km, and Above 400 km), by Power Output (Below 150 KW, 151 – 250 KW, and Above 250 KW): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global hydrogen fuel cell truck industry generated $181.6 million in 2022, and is anticipated to generate $3.7 billion by 2032, witnessing a CAGR of 36.0% from 2023 to 2032.

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Prime determinants of growth

The global hydrogen fuel cell truck market is driven by factors such as an increase in environmental regulations, development in infrastructure, and longer driving range of hydrogen fuel cell trucks. However, the limited availability of refueling infrastructure restrains the growth of hydrogen fuel cell truck market. Furthermore, factors such as lower operating costs and partnership & collaboration between government & private companies are expected to create lucrative opportunities for leading players of hydrogen fuel cell truck market.

Hydrogen Powered Truck Industry Report Coverage & Details:

Report Coverage	Details
Forecast Period	2023–2032
Base Year	2022
Market Size in 2022	$181.6 million
Market Size in 2032	$3.7 billion
CAGR	36.0 %
No. of Pages in Report	366
Segments covered	Truck Type, Range, Power Output, and Region.
Drivers	Increase in environmental regulations Development in infrastructure for hydrogen trucks Longer driving range of hydrogen fuel cell trucks
Opportunities	Lower operating cost Partnership and collaboration between government and private companies
Restraints	Limited availability of refueling infrastructure Higher cost of hydrogen fuel cell trucks

Covid-19 Scenario

The COVID-19 pandemic had a sizable impact on the hydrogen fuel cell truck industry, specifically in terms of deployment and production. Several companies were forced to shut down their facilities due to reduced demand and supply chain disruptions which resulted in delays in the production and delivery of fuel cell trucks. This in turn slowed down the deployment of these vehicles.
Moreover, the transportation sector, which is a major user of hydrogen fuel cell trucks, had been severely impacted by the pandemic, resulting in reduced demand for these vehicles. The economic downturn caused by the pandemic had also made it more difficult for businesses to invest in new technology, including hydrogen fuel cell trucks.
However, the pandemic highlighted the importance of reducing carbon emissions and transitioning to cleaner forms of transportation. This led to increased government support and funding for the development and deployment of hydrogen fuel cell trucks. For example, in the U.S., the Biden administration had proposed significant investments in clean energy and infrastructure, including the development of a national network of hydrogen refueling stations to support the deployment hydrogen of fuel cell trucks.

The heavy-duty truck segment will strive to uphold its position as the market leader over the forecast period

Based on truck type, the heavy-duty truck segment held the highest market share in 2022, accounting for around three-fifths of the global hydrogen fuel cell truck market revenue, and is estimated to maintain its leadership status over the forecast period, as these trucks can be configured in many different ways, including dump trucks, cement mixers, and tractor trailers, among others. The heavy-duty trucks often feature multiple axles and large wheels to distribute weight more evenly and improve stability. The light duty truck segment is projected to grow at a CAGR of 44.2% from 2023 to 2032, as there is a growing need to reduce greenhouse gas emissions in the transportation sector, and hydrogen fuel cell technology offers a zero-emission solution.

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The below 400 km segment aims to sustain its leadership position throughout the forecast period

Based on range, the below 400 km segment held the highest market share in 2022, accounting for more than two-thirds of the global hydrogen fuel cell truck market, and is estimated to maintain its leadership position throughout the forecast period, as the governments around the world are increasingly imposing strict emission standards on heavy-duty vehicles, which leads the fleet operator to look for cleaner and more sustainable alternatives to traditional diesel trucks. The above 400 km segment is projected to grow at a CAGR of 39.5% from 2023 to 2032.

The above 250 KW segment to maintain its dominant position during the forecast period

Based on power output, the above 250 KW segment accounted for the largest share in 2022, contributing nearly two-thirds of the global hydrogen fuel cell truck market revenue, and is projected to maintain its leading position during the forecast period, as it is driven by the need for heavy-duty vehicles to have sufficient power to transport large loads over long distances. With advances in fuel cell technology, it is now possible to achieve power outputs of up to 350 kW or more, making fuel cell trucks a viable option for heavy-duty transport. The below 150 KW segment is projected to grow at a CAGR of 44.3% from 2023 to 2032.

Asia-Pacific to maintain its dominance by 2032

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting near to around three-fifths of the global hydrogen fuel cell truck market revenue, and is likely to dominate the market during the forecast period as the government in this region has set ambitious targets to reduce carbon emissions and has identified hydrogen fuel cell vehicles, including trucks, as a key component of its strategy to achieve these targets. According to a long-term strategy for the development of the nation’s hydrogen industry unveiled in March 2022, China plans to have 50,000 fuel cell vehicles on its roads by 2025. Europe is projected to grow at a CAGR of 40.3% from 2023 to 2032. Trucks powered by hydrogen fuel cells are being introduced by several well-known automakers in Europe, and some governments are providing incentives to promote the use of this technology. The European Union has also established challenging goals for lowering carbon dioxide emissions from heavy-duty vehicles, which is fueling demand for cleaner transportation solutions.

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Leading Market Players: –

Dongfeng Motor Company
ESORO AG
Hyundai Motor Company
Hyzon Motors
Kenworth Truck Company
Nikola Corporation
Renault Trucks
SANY Group
XCMG Group
Xiamen King Long International Trading Co. Ltd.

The report provides a detailed analysis of these key players in the global hydrogen fuel cell truck market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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Relay Closes $13 Million Series A Funding Round from Sovereign’s Capital, Wind River Ventures, and existing shareholders

April 26, 2023 Published by Roboticulized.com

Relay, a cloud platform for frontline teams, announced the close of a $13 million Series-A funding round from Sovereign’s Capital, Wind River Ventures, and existing shareholders.

“We are thrilled to partner with our investors to bring innovative solutions to frontline teams,” said Chris Chuang, CEO of Relay. “The need for digital transformation in frontline work has never been greater, especially with pervasive labor shortages and the lingering effects from the pandemic. This is the time for Relay to accelerate our vision of transforming frontline work by delivering innovative technology, designed specifically for the way frontline teams work and the unique challenges they face.”

Relay is a cloud-based platform that helps frontline teams improve communications, stay safe, and get more done. Demand for Relay’s platform has skyrocketed in the past year, with revenue growth of over 130% year-over-year and the addition of high-profile customers in Hospitality, Healthcare, Facilities Management, and other frontline industries. “This round of funding will enable us to continue accelerating our rapid growth rate, scale our team, and support further product R&D innovation.”

“Frontline workers are the lifeblood of our economy, and they have unique needs that can’t be solved by tools built for desk-bound workers,” said Chuang. “With Relay, we’re making it easier than ever for frontline teams to communicate and collaborate effectively, no matter where they are or what device they’re using. Relay also provides workflow and communications data that frontline leaders have never before been able to accurately measure. With this data, they can improve their operations in multiple ways, as evidenced by a recent customer survey revealing 78% of our customers report an increase in productivity from Relay.”

While many technology companies are experiencing declining revenues and layoffs, Relay’s revenues have more than doubled and the company has hired over 35 new team members in the last 18 months and expects to continue growing its staff. Relay has thrived during these challenging times because the need for its solutions is more critical as frontline businesses urgently search for ways to improve their productivity in the face of recessionary market conditions and unprecedented labor shortages. “In this economy, frontline businesses have to get more done with fewer people. Achieving that requires more efficient communication and better coordination of teams and resources. Relay delivers both and we’re excited to partner with them on this important mission,” said Jake Thomsen, Managing Partner at Sovereign’s Capital.

Driving Relay’s rapid growth is demand for its recently unveiled “Operational Intelligence” platform. Relay’s Operational Intelligence platform provides leaders of frontline teams with real-time analytics on team performance against goals, allowing them to pinpoint areas for improvement. Relay is delivering its Operational Intelligence platform to tens of thousands of frontline workers across the US working in Hospitality, Healthcare, Food Services, Manufacturing, Facilities management, and other industries.

“What excites us most about Relay is how impactful their seemingly simple solution is for frontline teams. Their platform not only enables teams to communicate more efficiently but to collaborate more effectively as they unlock the data around personal job performance and accountability, overall team productivity, and reduction of operational bottlenecks. It’s clear to us why Relay’s key metrics around customers and revenue retention and expansion are well above industry norms,” said Stephen Mutz, Co-founder and CEO of Wind River Ventures.

Relay is also growing fast in the Hospitality industry, where it serves thousands of hotels and resorts across the US, providing best-in-class safety and communications solutions for their teams. By combining real-time communication with real-time indoor location data, Relay can offer a solution that not only satisfies the requirements of many states and brands, but also allows staff members to summon and efficiently coordinate help in the event of an incident. In a recent survey, 77% of customers reported that Relay improved overall employee safety at their property.

Looking ahead, Relay expects to continue to rapidly grow revenues and scale its team, particularly in sales and customer operations roles, as the company fills out its headquarters office space located in the Advanced Auto Parts Tower in North Hills, Raleigh.

WELL Ventures Launches The WELL AI Investment Program

April 26, 2023 Published by Roboticulized.com

WELL Ventures a subsidiary of WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) (the “Company” or “WELL“), a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to announce the launch of a new investment program, The WELL AI Investment Program, focused on artificial intelligence (“AI”) and its applications in helping support healthcare providers with next generation tools .

The WELL AI Investment Program will focus on early-stage AI companies who demonstrate promising innovation, and a clear focus on using AI technologies that can help healthcare providers with innovative tools or applications designed to improve their efficiency, accuracy and ultimately help them deliver better patient outcomes. Data protection and cybersecurity applications will also be considered as this is a key part of WELL’s practitioner enablement platform.

“The prevalence of AI technology in healthcare will usher in perhaps the most transformational technologies we’ve ever seen in terms of supplying and supporting healthcare providers with tools that help improve the accuracy, efficiency and proactivity of care while also delivering significantly better patient outcomes,” said Hamed Shahbazi, Founder and CEO of WELL Health Technologies. “WELL wants to ensure that it is at the forefront of this movement, not just as a developer and user of AI, but also as a partner to other innovative companies seeking to advance the health technology industry. What makes The WELL AI Investment Program unique, besides being the first healthcare centric AI investment program in Canada, is that WELL is not just looking to provide capital but also leverage its own products, distribution and significant size and scale to help advance the proliferation of the best AI inspired health focussed technologies. ”

The WELL AI Investment Program will provide investees with capital as well as extensive support from WELL’s ecosystem to help develop, test, refine, secure, de-risk and integrate the most promising such technologies into the Canadian healthcare ecosystem at scale. Additionally, WELL will provide investees access to the 23,000+ care providers who make use of its apps.health ecosystem, operated by its Provider Solutions Business Unit.

In recognition of WELL’s longstanding work with Canada Health Infoway (Infoway), an independent, not-for-profit organization funded by the federal government, Infoway will collaborate with WELL on advancing interoperability as part of the WELL AI investment Program in Canadian start-ups. Infoway will provide guidance on security, privacy, interoperability, and other data standards. This partnership will ensure that resulting products and services meet pan-Canadian standards and can effectively serve the needs of providers and patients.

WELL’s aims to achieve the following through the investment program:

Make a minimum of 10 AI related investments of at least $250k each in companies that are advancing healthcare applications and/or protecting data.
Ensure that each Investee has a strategic alliance agreement with WELL that allows it to benefit from WELL’s healthcare ecosystem which includes:
- Its apps.health ecosystem, which is Canada’s only app marketplace for integrated EMR apps, and/or
- access to the 23,000+ provider network supported by WELL’s digital and services tools and the 2,800+ providers working internally in WELL’s own patient services businesses.

WELL Ventures is already fully funded for making these investments directly from WELL’s overall treasury position. While there is no defined timeline for these investments, it is WELL’s intention to make a number of these investments in 2023.

WELL is a leader in tech-enabling Canadian healthcare, and through WELL Ventures, WELL has already placed numerous investments in early-stage companies focussed on providing tools and enablement (including AI) for healthcare providers in Canada, the US, and abroad.

Food and Beverage Processing Equipment Market worth $84.9 billion by 2028 – Exclusive Report by MarketsandMarkets™

April 25, 2023 Published by Roboticulized.com

The Food & Beverage Processing Equipment Market is estimated at USD 64.6 billion in 2023 and is projected to reach USD 84.9 billion by 2028, at a CAGR of 5.6% from 2022 to 2028 according to a report published by MarketsandMarkets. Food and beverage processing equipment plays a critical role in the food and beverage industry, ensuring that products are of high quality, safe, efficient, consistent, and preserved. The use of equipment helps to streamline the production process, reduce waste, and increase output, while also ensuring that the products meet strict quality and safety standards. The WWF EU reports that over 15% of food is lost during harvesting in farmland, and further spoilage occurs during transportation and storage. Processing food products is a crucial step in minimizing this waste and prolonging the shelf life of agricultural products. This has led to a surge in the demand for processed foods globally. Subsequently, the food and beverage processing equipment market is experiencing a significant expansion to meet this growing need. As the importance of food and beverage processing continues to evolve, the importance of food processing equipment will only continue to grow, enabling manufacturers to produce innovative and high-quality products that meet the changing demands of consumers.

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The automatic segment accounted for the largest share of the food & beverage processing equipment market in 2023 in terms of value.

Automatic machines provide consistency in production, which is crucial for maintaining the quality of the food product. With manual machines, there is a higher risk of human error, which can lead to inconsistent product quality. Automatic machines, on the other hand, can produce the same product consistently, ensuring that the product meets the required specifications every time. These advantages make them a preferred choice for food manufacturers, leading to increased adoption of automatic machines in the food industry.

The semi-solid segment is estimated to grow at the highest in the food and beverage processing equipment market.

Consumers are becoming more health-conscious and seeking out foods that are nutritious, low in calories, and contain fewer artificial ingredients, leading to increased demand for healthier processed foods. Many semi-solid foods are made with nutrient-dense ingredients like fruits, vegetables, and whole grains, which can provide a range of health benefits. Also, Semi-solid foods can be easier to digest than solid foods, which can be helpful for people with digestive issues. Thus, by raising awareness of these factors about convenience and health consciousness among consumers, the semi-solid segment is expected to have the highest growth rate.

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The Asia Pacific region accounted for the largest share and fastest growing market, in terms of value, of the global food & beverage processing equipment market in 2023.

The Asia Pacific region dominates in the food and beverage processing equipment market for several reasons. Firstly, the region has a large population, which has led to an increase in demand for processed food and beverages. This has in turn fueled the demand for food and beverage processing equipment. Secondly, the food processing industry in the Asia Pacific region is diverse and includes various sub-sectors such as meat and poultry processing, dairy processing, bakery and confectionery, and processed fruits and vegetables. Furthermore, the Asia Pacific region is home to many major food processing companies, including Nestle, Danone, Fonterra, and Tyson Foods, among others. The region also has many local companies that are leaders in their respective markets. Thus, catering for all these food industries in this region have generated a high demand for the food and beverage processing equipment and accounted to be the largest share and fastest growing market.

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Author: Roboticulized.com

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