Artificial Intelligence
Global Food Automation Industry
New York, Jan. 31, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Food Automation Industry” – https://www.reportlinker.com/p05798615/?utm_source=GNW
7%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$6.5 Billion by the year 2025, Motors & Generators will bring in healthy gains adding significant momentum to global growth.
– Representing the developed world, the United States will maintain a 7.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$236 Million to the region’s size and clout in the next 5 to 6 years. Over US$238.1 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Motors & Generators will reach a market size of US$544 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.3% over the next couple of years and add approximately US$882.3 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
– Competitors identified in this market include, among others, ABB Ltd.; Emerson Electric Company; Fortive Corporation; GEA Group AG; Mitsubishi Electric Corporation; Rexnord Corporation; Rockwell Automation, Inc.; Schneider Electric SA; Siemens AG; Yaskawa Electric Corporation; Yokogawa Electric Corporation
Read the full report: https://www.reportlinker.com/p05798615/?utm_source=GNW
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Food Automation Competitor Market Share Scenario Worldwide (in
%): 2019 & 2025
The Growing Need for Automation in the Food Industry
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Food Companies Prioritize Automation at Plants to Stay competitive
Preventive Maintenance Drives Adoption of IIoT
Use of Artificial Intelligence on Rise in Food and Beverage
Industry
Companies Focus on Automation of Process Control for Largely
Manual Processes
Flexibility Recognized as an Important Requirement in Food
Automation
Machine Innovations in Food Manufacturing
4. GLOBAL MARKET PERSPECTIVE
Table 1: Food Automation Global Market Estimates and Forecasts
in US$ Million by Region/Country: 2018-2025
Table 2: Food Automation Global Retrospective Market Scenario
in US$ Million by Region/Country: 2009-2017
Table 3: Food Automation Market Share Shift across Key
Geographies Worldwide: 2009 VS 2019 VS 2025
Table 4: Motors & Generators (Type) World Market by
Region/Country in US$ Million: 2018 to 2025
Table 5: Motors & Generators (Type) Historic Market Analysis by
Region/Country in US$ Million: 2009 to 2017
Table 6: Motors & Generators (Type) Market Share Breakdown of
Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025
Table 7: Discrete Controllers & Visualization (Type) Potential
Growth Markets Worldwide in US$ Million: 2018 to 2025
Table 8: Discrete Controllers & Visualization (Type) Historic
Market Perspective by Region/Country in US$ Million: 2009 to
2017
Table 9: Discrete Controllers & Visualization (Type) Market
Sales Breakdown by Region/Country in Percentage: 2009 VS 2019
VS 2025
Table 10: Rotary & Linear Products (Type) Geographic Market
Spread Worldwide in US$ Million: 2018 to 2025
Table 11: Rotary & Linear Products (Type) Region Wise Breakdown
of Global Historic Demand in US$ Million: 2009 to 2017
Table 12: Rotary & Linear Products (Type) Market Share
Distribution in Percentage by Region/Country: 2009 VS 2019 VS
2025
Table 13: Other Types (Type) World Market Estimates and
Forecasts by Region/Country in US$ Million: 2018 to 2025
Table 14: Other Types (Type) Market Historic Review by
Region/Country in US$ Million: 2009 to 2017
Table 15: Other Types (Type) Market Share Breakdown by
Region/Country: 2009 VS 2019 VS 2025
Table 16: Packaging & Repackaging (Function) World Market by
Region/Country in US$ Million: 2018 to 2025
Table 17: Packaging & Repackaging (Function) Historic Market
Analysis by Region/Country in US$ Million: 2009 to 2017
Table 18: Packaging & Repackaging (Function) Market Share
Distribution in Percentage by Region/Country: 2009 VS 2019 VS
2025
Table 19: Palletizing (Function) World Market Estimates and
Forecasts in US$ Million by Region/Country: 2018 to 2025
Table 20: Palletizing (Function) Market Worldwide Historic
Review by Region/Country in US$ Million: 2009 to 2017
Table 21: Palletizing (Function) Market Percentage Share
Distribution by Region/Country: 2009 VS 2019 VS 2025
Table 22: Sorting & Grading (Function) Market Opportunity
Analysis Worldwide in US$ Million by Region/Country: 2018 to
2025
Table 23: Sorting & Grading (Function) Global Historic Demand
in US$ Million by Region/Country: 2009 to 2017
Table 24: Sorting & Grading (Function) Market Share
Distribution in Percentage by Region/Country: 2009 VS 2019 VS
2025
Table 25: Processing (Function) World Market by Region/Country
in US$ Million: 2018 to 2025
Table 26: Processing (Function) Historic Market Analysis by
Region/Country in US$ Million: 2009 to 2017
Table 27: Processing (Function) Market Share Breakdown of
Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025
Table 28: Other Functions (Function) Potential Growth Markets
Worldwide in US$ Million: 2018 to 2025
Table 29: Other Functions (Function) Historic Market
Perspective by Region/Country in US$ Million: 2009 to 2017
Table 30: Other Functions (Function) Market Sales Breakdown by
Region/Country in Percentage: 2009 VS 2019 VS 2025
Table 31: Dairy (Application) Demand Potential Worldwide in US$
Million by Region/Country: 2018-2025
Table 32: Dairy (Application) Historic Sales Analysis in US$
Million by Region/Country: 2009-2017
Table 33: Dairy (Application) Share Breakdown Review by
Region/Country: 2009 VS 2019 VS 2025
Table 34: Bakery (Application) Worldwide Latent Demand
Forecasts in US$ Million by Region/Country: 2018-2025
Table 35: Bakery (Application) Global Historic Analysis in US$
Million by Region/Country: 2009-2017
Table 36: Bakery (Application) Distribution of Global Sales by
Region/Country: 2009 VS 2019 VS 2025
Table 37: Beverages (Application) Sales Estimates and Forecasts
in US$ Million by Region/Country for the Years 2018 through
2025
Table 38: Beverages (Application) Analysis of Historic Sales in
US$ Million by Region/Country for the Years 2009 to 2017
Table 39: Beverages (Application) Global Market Share
Distribution by Region/Country for 2009, 2019, and 2025
Table 40: Fruits and Vegetables (Application) Global
Opportunity Assessment in US$ Million by Region/Country:
2018-2025
Table 41: Fruits and Vegetables (Application) Historic Sales
Analysis in US$ Million by Region/Country: 2009-2017
Table 42: Fruits and Vegetables (Application) Percentage Share
Breakdown of Global Sales by Region/Country: 2009 VS 2019 VS
2025
Table 43: Meat, Poultry & Seafood (Application) Worldwide Sales
in US$ Million by Region/Country: 2018-2025
Table 44: Meat, Poultry & Seafood (Application) Historic Demand
Patterns in US$ Million by Region/Country: 2009-2017
Table 45: Meat, Poultry & Seafood (Application) Market Share
Shift across Key Geographies: 2009 VS 2019 VS 2025
Table 46: Other Applications (Application) Global Market
Estimates & Forecasts in US$ Million by Region/Country:
2018-2025
Table 47: Other Applications (Application) Retrospective Demand
Analysis in US$ Million by Region/Country: 2009-2017
Table 48: Other Applications (Application) Market Share
Breakdown by Region/Country: 2009 VS 2019 VS 2025
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Food Automation Market Share (in %) by Company: 2019 & 2025
Table 49: United States Food Automation Market Estimates and
Projections in US$ Million by Type: 2018 to 2025
Table 50: Food Automation Market in the United States by Type:
A Historic Review in US$ Million for 2009-2017
Table 51: United States Food Automation Market Share Breakdown
by Type: 2009 VS 2019 VS 2025
Table 52: United States Food Automation Market Estimates and
Projections in US$ Million by Function: 2018 to 2025
Table 53: Food Automation Market in the United States by
Function: A Historic Review in US$ Million for 2009-2017
Table 54: United States Food Automation Market Share Breakdown
by Function: 2009 VS 2019 VS 2025
Table 55: United States Food Automation Latent Demand Forecasts
in US$ Million by Application: 2018 to 2025
Table 56: Food Automation Historic Demand Patterns in the
United States by Application in US$ Million for 2009-2017
Table 57: Food Automation Market Share Breakdown in the United
States by Application: 2009 VS 2019 VS 2025
CANADA
Table 58: Canadian Food Automation Market Estimates and
Forecasts in US$ Million by Type: 2018 to 2025
Table 59: Canadian Food Automation Historic Market Review by
Type in US$ Million: 2009-2017
Table 60: Food Automation Market in Canada: Percentage Share
Breakdown of Sales by Type for 2009, 2019, and 2025
Table 61: Canadian Food Automation Market Estimates and
Forecasts in US$ Million by Function: 2018 to 2025
Table 62: Canadian Food Automation Historic Market Review by
Function in US$ Million: 2009-2017
Table 63: Food Automation Market in Canada: Percentage Share
Breakdown of Sales by Function for 2009, 2019, and 2025
Table 64: Canadian Food Automation Market Quantitative Demand
Analysis in US$ Million by Application: 2018 to 2025
Table 65: Food Automation Market in Canada: Summarization of
Historic Demand Patterns in US$ Million by Application for
2009-2017
Table 66: Canadian Food Automation Market Share Analysis by
Application: 2009 VS 2019 VS 2025
JAPAN
Table 67: Japanese Market for Food Automation: Annual Sales
Estimates and Projections in US$ Million by Type for the Period
2018-2025
Table 68: Food Automation Market in Japan: Historic Sales
Analysis in US$ Million by Type for the Period 2009-2017
Table 69: Japanese Food Automation Market Share Analysis by
Type: 2009 VS 2019 VS 2025
Table 70: Japanese Market for Food Automation: Annual Sales
Estimates and Projections in US$ Million by Function for the
Period 2018-2025
Table 71: Food Automation Market in Japan: Historic Sales
Analysis in US$ Million by Function for the Period 2009-2017
Table 72: Japanese Food Automation Market Share Analysis by
Function: 2009 VS 2019 VS 2025
Table 73: Japanese Demand Estimates and Forecasts for Food
Automation in US$ Million by Application: 2018 to 2025
Table 74: Japanese Food Automation Market in US$ Million by
Application: 2009-2017
Table 75: Food Automation Market Share Shift in Japan by
Application: 2009 VS 2019 VS 2025
CHINA
Rise in Adoption of Automation in Food Industry
Table 76: Chinese Food Automation Market Growth Prospects in
US$ Million by Type for the Period 2018-2025
Table 77: Food Automation Historic Market Analysis in China in
US$ Million by Type: 2009-2017
Table 78: Chinese Food Automation Market by Type: Percentage
Breakdown of Sales for 2009, 2019, and 2025
Table 79: Chinese Food Automation Market Growth Prospects in
US$ Million by Function for the Period 2018-2025
Table 80: Food Automation Historic Market Analysis in China in
US$ Million by Function: 2009-2017
Table 81: Chinese Food Automation Market by Function:
Percentage Breakdown of Sales for 2009, 2019, and 2025
Table 82: Chinese Demand for Food Automation in US$ Million by
Application: 2018 to 2025
Table 83: Food Automation Market Review in China in US$ Million
by Application: 2009-2017
Table 84: Chinese Food Automation Market Share Breakdown by
Application: 2009 VS 2019 VS 2025
EUROPE
Market Facts & Figures
European Food Automation Market: Competitor Market Share
Scenario (in %) for 2019 & 2025
Automation Picks up Pace
Table 85: European Food Automation Market Demand Scenario in
US$ Million by Region/Country: 2018-2025
Table 86: Food Automation Market in Europe: A Historic Market
Perspective in US$ Million by Region/Country for the Period
2009-2017
Table 87: European Food Automation Market Share Shift by
Region/Country: 2009 VS 2019 VS 2025
Table 88: European Food Automation Market Estimates and
Forecasts in US$ Million by Type: 2018-2025
Table 89: Food Automation Market in Europe in US$ Million by
Type: A Historic Review for the Period 2009-2017
Table 90: European Food Automation Market Share Breakdown by
Type: 2009 VS 2019 VS 2025
Table 91: European Food Automation Market Estimates and
Forecasts in US$ Million by Function: 2018-2025
Table 92: Food Automation Market in Europe in US$ Million by
Function: A Historic Review for the Period 2009-2017
Table 93: European Food Automation Market Share Breakdown by
Function: 2009 VS 2019 VS 2025
Table 94: European Food Automation Addressable Market
Opportunity in US$ Million by Application: 2018-2025
Table 95: Food Automation Market in Europe: Summarization of
Historic Demand in US$ Million by Application for the Period
2009-2017
Table 96: European Food Automation Market Share Analysis by
Application: 2009 VS 2019 VS 2025
FRANCE
Table 97: Food Automation Market in France by Type: Estimates
and Projections in US$ Million for the Period 2018-2025
Table 98: French Food Automation Historic Market Scenario in
US$ Million by Type: 2009-2017
Table 99: French Food Automation Market Share Analysis by Type:
2009 VS 2019 VS 2025
Table 100: Food Automation Market in France by Function:
Estimates and Projections in US$ Million for the Period
2018-2025
Table 101: French Food Automation Historic Market Scenario in
US$ Million by Function: 2009-2017
Table 102: French Food Automation Market Share Analysis by
Function: 2009 VS 2019 VS 2025
Table 103: Food Automation Quantitative Demand Analysis in
France in US$ Million by Application: 2018-2025
Table 104: French Food Automation Historic Market Review in US$
Million by Application: 2009-2017
Table 105: French Food Automation Market Share Analysis: A
17-Year Perspective by Application for 2009, 2019, and 2025
GERMANY
Table 106: Food Automation Market in Germany: Recent Past,
Current and Future Analysis in US$ Million by Type for the
Period 2018-2025
Table 107: German Food Automation Historic Market Analysis in
US$ Million by Type: 2009-2017
Table 108: German Food Automation Market Share Breakdown by
Type: 2009 VS 2019 VS 2025
Table 109: Food Automation Market in Germany: Recent Past,
Current and Future Analysis in US$ Million by Function for the
Period 2018-2025
Table 110: German Food Automation Historic Market Analysis in
US$ Million by Function: 2009-2017
Table 111: German Food Automation Market Share Breakdown by
Function: 2009 VS 2019 VS 2025
Table 112: Food Automation Market in Germany: Annual Sales
Estimates and Forecasts in US$ Million by Application for the
Period 2018-2025
Table 113: German Food Automation Market in Retrospect in US$
Million by Application: 2009-2017
Table 114: Food Automation Market Share Distribution in Germany
by Application: 2009 VS 2019 VS 2025
ITALY
Table 115: Italian Food Automation Market Growth Prospects in
US$ Million by Type for the Period 2018-2025
Table 116: Food Automation Historic Market Analysis in Italy in
US$ Million by Type: 2009-2017
Table 117: Italian Food Automation Market by Type: Percentage
Breakdown of Sales for 2009, 2019, and 2025
Table 118: Italian Food Automation Market Growth Prospects in
US$ Million by Function for the Period 2018-2025
Table 119: Food Automation Historic Market Analysis in Italy in
US$ Million by Function: 2009-2017
Table 120: Italian Food Automation Market by Function:
Percentage Breakdown of Sales for 2009, 2019, and 2025
Table 121: Italian Demand for Food Automation in US$ Million by
Application: 2018 to 2025
Table 122: Food Automation Market Review in Italy in US$
Million by Application: 2009-2017
Table 123: Italian Food Automation Market Share Breakdown by
Application: 2009 VS 2019 VS 2025
UNITED KINGDOM
Table 124: United Kingdom Market for Food Automation: Annual
Sales Estimates and Projections in US$ Million by Type for the
Period 2018-2025
Table 125: Food Automation Market in the United Kingdom:
Historic Sales Analysis in US$ Million by Type for the Period
2009-2017
Table 126: United Kingdom Food Automation Market Share Analysis
by Type: 2009 VS 2019 VS 2025
Table 127: United Kingdom Market for Food Automation: Annual
Sales Estimates and Projections in US$ Million by Function for
the Period 2018-2025
Table 128: Food Automation Market in the United Kingdom:
Historic Sales Analysis in US$ Million by Function for the
Period 2009-2017
Table 129: United Kingdom Food Automation Market Share Analysis
by Function: 2009 VS 2019 VS 2025
Table 130: United Kingdom Demand Estimates and Forecasts for
Food Automation in US$ Million by Application: 2018 to 2025
Table 131: United Kingdom Food Automation Market in US$ Million
by Application: 2009-2017
Table 132: Food Automation Market Share Shift in the United
Kingdom by Application: 2009 VS 2019 VS 2025
REST OF EUROPE
Table 133: Rest of Europe Food Automation Market Estimates and
Forecasts in US$ Million by Type: 2018-2025
Table 134: Food Automation Market in Rest of Europe in US$
Million by Type: A Historic Review for the Period 2009-2017
Table 135: Rest of Europe Food Automation Market Share
Breakdown by Type: 2009 VS 2019 VS 2025
Table 136: Rest of Europe Food Automation Market Estimates and
Forecasts in US$ Million by Function: 2018-2025
Table 137: Food Automation Market in Rest of Europe in US$
Million by Function: A Historic Review for the Period 2009-2017
Table 138: Rest of Europe Food Automation Market Share
Breakdown by Function: 2009 VS 2019 VS 2025
Table 139: Rest of Europe Food Automation Addressable Market
Opportunity in US$ Million by Application: 2018-2025
Table 140: Food Automation Market in Rest of Europe:
Summarization of Historic Demand in US$ Million by Application
for the Period 2009-2017
Table 141: Rest of Europe Food Automation Market Share Analysis
by Application: 2009 VS 2019 VS 2025
ASIA-PACIFIC
Table 142: Food Automation Market in Asia-Pacific by Type:
Estimates and Projections in US$ Million for the Period
2018-2025
Table 143: Asia-Pacific Food Automation Historic Market
Scenario in US$ Million by Type: 2009-2017
Table 144: Asia-Pacific Food Automation Market Share Analysis
by Type: 2009 VS 2019 VS 2025
Table 145: Food Automation Market in Asia-Pacific by Function:
Estimates and Projections in US$ Million for the Period
2018-2025
Table 146: Asia-Pacific Food Automation Historic Market
Scenario in US$ Million by Function: 2009-2017
Table 147: Asia-Pacific Food Automation Market Share Analysis
by Function: 2009 VS 2019 VS 2025
Table 148: Food Automation Quantitative Demand Analysis in
Asia-Pacific in US$ Million by Application: 2018-2025
Table 149: Asia-Pacific Food Automation Historic Market Review
in US$ Million by Application: 2009-2017
Table 150: Asia-Pacific Food Automation Market Share Analysis:
A 17-Year Perspective by Application for 2009, 2019, and 2025
REST OF WORLD
Table 151: Rest of World Food Automation Market Estimates and
Forecasts in US$ Million by Type: 2018 to 2025
Table 152: Rest of World Food Automation Historic Market Review
by Type in US$ Million: 2009-2017
Table 153: Food Automation Market in Rest of World: Percentage
Share Breakdown of Sales by Type for 2009, 2019, and 2025
Table 154: Rest of World Food Automation Market Estimates and
Forecasts in US$ Million by Function: 2018 to 2025
Table 155: Rest of World Food Automation Historic Market Review
by Function in US$ Million: 2009-2017
Table 156: Food Automation Market in Rest of World: Percentage
Share Breakdown of Sales by Function for 2009, 2019, and 2025
Table 157: Rest of World Food Automation Market Quantitative
Demand Analysis in US$ Million by Application: 2018 to 2025
Table 158: Food Automation Market in Rest of World:
Summarization of Historic Demand Patterns in US$ Million by
Application for 2009-2017
Table 159: Rest of World Food Automation Market Share Analysis
by Application: 2009 VS 2019 VS 2025
IV. COMPETITION
ABB GROUP
EMERSON ELECTRIC
FORTIVE CORPORATION
GEA GROUP AG
MITSUBISHI ELECTRIC CORPORATION
REXNORD CORPORATION
ROCKWELL AUTOMATION
SCHNEIDER ELECTRIC SA
SIEMENS AG
YASKAWA ELECTRIC CORPORATION
YOKOGAWA ELECTRIC CORPORATION
V. CURATED RESEARCH
Read the full report: https://www.reportlinker.com/p05798615/?utm_source=GNW
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Artificial Intelligence
Lithium Miners Strategize for Long-Term Gains as Market Recovers
USA News Group Commentary
Issued on behalf of Lithium South Development Corporation
VANCOUVER, BC, May 3, 2024 /PRNewswire/ — USA News Group – Despite what appears to be a supply glut currently in the global lithium market, already there are signs of a lithium rebound on the horizon. According to Statista, global lithium demand is projected to grow through next year, while Fastmarkets predicts lithium supply will increase 30% in 2024. Fastmarkets also expects that by 2030, US lithium demand alone will grow by nearly 500%. Looking ahead, lithium miners continue to move their chess pieces onto the board with anticipation of long-term rewards, including the work of Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), Piedmont Lithium Inc. (NASDAQ:PLL), Lithium Americas Corp. (NYSE:LAC) (TSX:LAC), and Rio Tinto Group (NYSE:RIO).
Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF) recently filed a new Preliminary Economic Assessment (PEA), which provides support for the company to proceed with development plans for a 15,600 tonnes per year lithium carbonate plant. As per the PEA, the project’s financial model shows a Net Present Value (NPV) after tax of US$938 million, and an after-tax Internal Rate of Return (IRR) of 31.6%, with a 2.5-year payback.
“We are very pleased to have achieved this important milestone for the HMN Li Project,” said Adrian F.C. Hobkirk, Founder, President and CEO of Lithium South. “The robust economics and room for expansion indicate a promising future for Lithium South.”
The HMN Li project is planned to use an extraction and recovery process based on conventional solar evaporation of the well brine. Magnesium and other contaminants will be removed using industry standard proven methods including liming. The concentrated lithium solution will then be processed into lithium carbonate technical grade.
The PEA announcement came just weeks after the company announced the expansion of its ongoing production well drill program. A 400 meter deep pumping well has been completed at the Alba Sabrina claim block, which at 2,089 hectares is the project’s largest. Recent efforts at the well successfully cleared out sediments, leading to the flow of clear brine with strong artesian characteristics, suggesting potential for enhanced brine extraction rates. To maximize these benefits, Lithium South has contracted a significantly larger 80-kilowatt pump, and is now completing a long term pump test. Based on results, further wells are planned for Alba Sabrina and the southern claim blocks at Viamonte and Norma Edith.
“These developments on the Alba Sabrina claim block could potentially enhance our operational capacity,” said Hobkirk. “The completion of this pumping test, anticipated by the end of May, will provide critical technical insight into the capacity potential of this area of the salar.”
Earlier in the year, Lithium South together with the Korean conglomerate POSCO, entered into a cooperative development agreement on the HMN Li Project, representing a crucial step forward in advancing towards lithium production. Previously, towards the end of 2023, Lithium South also released an updated NI 43-101 technical report for its premier HMN Li asset, which demonstrated a significant 175% boost in its lithium resource, amounting to over 1.58 million tonnes of lithium carbonate equivalent (LCE).
According to Chile’s Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), there will be steady lithium prices in the coming months, despite the supply glut. In particular, SQM is optimistic for the second half of the year, which the company predicts will entail higher sales volumes.
“As we enter into 2024, we anticipate another robust year of growth in lithium market, with global demand increasing by at least 20%, supported by electric vehicle sales growth globally and increasing demand for battery materials,” said Ricardo Ramos, CEO of SQM. “However, the excess in lithium and battery materials capacity seen during last year is expected to continue during this year, keeping pressure on lithium market prices. We expect our average lithium prices to remain relatively stable throughout the year and our sales volumes to increase slightly during this year, subject to market conditions and any changes in supply-demand balance.”
This optimism was shared by Keith Phillips, CEO of Piedmont Lithium Inc. (NASDAQ:PLL) in an interview with Yahoo! Finance Live.
“[When it comes to mining] low prices are the cure for low prices,” said Phillips, adding that “it’s a matter of time” that prices will rebound. How fast that rebound occurs is still to be determined, however, Piedmont isn’t slowing its march.
Just recently, Piedmont received its state mining permit from the state of North Carolina, where the company owns 3,600 acres, from which it plans to mine spodumene from at least half of the area. Piedmont will then convert the material to lithium hydroxide, which is key to the manufacturing of EV batteries.
“We look forward to continued engagement with the local community and the Gaston County Board of Commissioners,” said Phillips. “We have had extensive and ongoing dialogue with possible funding sources for Carolina Lithium.”
Domestically sourced lithium is projected to become even more desirable, especially with US government incentives underway. Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) recently secured a record $2.26 billion loan from the US Department of Energy to build its Thacker Pass lithium project in Nevada.
Construction began at the site located just south of the Nevada-Oregon border in March 2023, following a lengthy and intricate legal victory over conservationists, ranchers, and Indigenous groups. Lithium Americas anticipates finalizing securing a loan later this year, pending the completion of final environmental assessments. Once the financing is in place, the company aims to commence substantial construction activities, a project slated to last three years. The initial phase of the mine is projected to yield 40,000 metric tons of battery-grade lithium carbonate annually, sufficient to supply up to 800,000 electric vehicles.
“Our team has been focused on refining the development plan and de-risking construction execution of Phase 1 for Thacker Pass,” said Jonathan Evans, President and CEO of Lithium Americas. “We have de-risked execution by advancing detailed engineering and project planning. To date, we have completed all the early-works and infrastructure required for major construction, including excavating the processing plant areas.”
Looking at multiple international lithium projects, mining giant Rio Tinto Group (NYSE:RIO) has already expressed the company remains bullish on lithium despite not currently seeking any big acquisitions. Back in March, Rio Tinto committed to spending $350 million on its Rincon lithium project in Argentina, set to commence production by the end of the year.
This comes just months after the President of Serbia expressed interest to hold further talks with Rio Tinto regarding its Jadar lithium project, after the country revoked licenses on the $2.4 billion asset in 2022. If brought to completion, the project could supply 90% of Europe’s current lithium needs, and make Rio Tinto a leading lithium producer. As well, Rio Tinto held talks with the country of Rwanda back in January for the exploration and mining of lithium in the East African nation.
“[Rio Tinto is] “excited to be partnering with the government of Rwanda, applying our global experience to accelerate the search for primary lithium deposits in Rwanda’s Western Province,” said Lawrence Dechambenoit, global head of external affairs at Rio Tinto. The move could further unlock the potential of another country’s mining sector, if successful.
Source: https://usanewsgroup.com/2023/10/18/the-lithium-race-to-power/
CONTACT:USA NEWS [email protected] (604) 265-2873
Mr. William Feyerabend, a Consulting Geologist and Qualified Person under National Instrument 43-101 participated in the production of this advertisement, and approves of the technical and scientific disclosure contained herein pertaining to Lithium South.
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Artificial Intelligence
ROLLER and Amusement Connect Announce Integration to Streamline Cashless Card Operations
New partnership enhances guest experiences and operational efficiency across attraction venues
AUSTIN, Texas, May 3, 2024 /PRNewswire/ — In an effort to improve the guest experience and streamline operations for attractions venues, ROLLER, a global leader in leisure and attractions technology, has joined forces with Amusement Connect, a recognized leader in cashless card operations. This strategic partnership delivers an integration that aims to streamline the arcade experience for operators and guests alike, providing a more efficient way for entertainment venues to operate.
Through this integration, ROLLER and Amusement Connect enable the sale, top-up, and balance checks of cashless cards directly from ROLLER’s point-of-sale devices, simplifying the management of pay-to-play attractions. This move is expected to enhance operational efficiency and improve guest satisfaction by making sales smoother and more convenient. The integration also simplifies reporting by automatically recording every purchase of a cashless card, saving venue operators time and ensuring accurate tracking of purchases.
Both companies leverage cloud-based technology to ensure that venues can operate without the need for expensive servers, with the promise of continuous updates to keep the systems equipped with the latest features and improvements. This integration also introduces the option for guests to purchase game cards online through ROLLER’s online checkout, a feature designed to make the check-in process more efficient and increase average transaction values.
“Amusement Connect and ROLLER have a shared commitment to helping attractions businesses deliver exceptional guest experiences. So, we’re thrilled to partner with Amusement Connect on this integration – a trailblazing company known for great customer support and providing innovative tech. This isn’t just about upgrading our technology—it’s delivering on our promise to make every guest experience smoother and every operator’s day a bit easier,” explained Luke Finn, CEO and Founder of ROLLER.
“As we continue to innovate and collaborate with industry leaders like ROLLER, we’re thrilled to see the tangible benefits our integration brings to our customers. Together, we’re not just transforming transactions; we’re elevating experiences and driving profitability with every interaction,” commented Frank Licausi, Co-Owner of Amusement Connect.
This partnership between ROLLER and Amusement Connect represents a significant step towards more streamlined operations in the amusement industry. It offers a blend of efficiency and convenience aimed at improving the way entertainment venues operate and enhancing the overall guest experience. For more information on this integration and how it can benefit your venue, contact ROLLER or Amusement Connect directly.
About ROLLER
ROLLER is the cloud-based venue management platform for the modern attraction, purpose-built to remove friction from the guest experience at every touchpoint. Their all-in-one platform simplifies its customers’ business processes, improving efficiency and maximizing revenue. ROLLER’s comprehensive solution includes: Online Checkout & Ticketing, Point-of-Sale, Integrated Payments, Memberships, Gift Cards, Waivers, Self-Serve Kiosks, Cashless Wallets, the Guest Experience Score®, and more. To learn more, visit roller.software.
About Amusement Connect
Founded by Frank Licausi and John Tarpley in 2017, our comprehensive game card system, accompanied by a variety of products, provides a complete overview on games and attractions in settings like bars, arcades, FEC’s, and multi-location entertainment centers. As operators and industry experts, we bring innovation, value, and the best possible experiences to entertainment venues with our award-winning game card system. Bringing you more at amusementconnect.com.
View original content:https://www.prnewswire.co.uk/news-releases/roller-and-amusement-connect-announce-integration-to-streamline-cashless-card-operations-302135415.html
Artificial Intelligence
Computer Vision in Healthcare Market Worth $11.5 billion | MarketsandMarkets™
CHICAGO, May 3, 2024 /PRNewswire/ — Computer Vision in Healthcare Market in terms of revenue was estimated to be worth $3.9 billion in 2024 and is poised to reach $11.5 billion by 2029, growing at a CAGR of 24.0% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The market’s expansion is fueled by the exponential growth of medical imaging data which necessitates efficient analysis methods, where computer vision techniques excel in automating and enhancing diagnostic processes. Further, the demand for improved patient care and outcomes fuels the adoption of AI-driven solutions, empowering healthcare providers with precise tools for diagnosis, treatment planning, and monitoring. Nevertheless, ensuring the accuracy and reliability of computer vision algorithms remains a significant challenge, especially in complex medical imaging tasks where errors can have critical consequences. Additionally, the regulatory landscape surrounding AI-based medical devices is evolving, requiring stringent validation and approval processes, which can impede the timely deployment of innovative solutions. Thus, restraining the market.
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Browse in-depth TOC on “Computer Vision in Healthcare Market”
505 – Tables55 – Figures379 – Pages
Computer Vision in Healthcare Market Scope:
Report Coverage
Details
Market Revenue in 2024
$3.9 billion
Estimated Value by 2029
$11.5 billion
Growth Rate
Poised to grow at a CAGR of 24.0%
Market Size Available for
2022–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Product & Service, Type, Applications, End User
Geographies Covered
North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Computer vision solutions for healthcare that are hosted in the cloud
Key Market Drivers
The healthcare sector is experiencing a growing need for computer vision systems
“The largest share in the computer vision in healthcare market, based on type, was attributed to the PC-based computer vision systems segment in 2023.”
The PC-based computer vision systems segment holds the largest market share in the computer vision in healthcare market in 2023. The growth of this segment is propelled by factors such as PCs offering robust computational power, enabling real-time processing of complex algorithms required for tasks like medical image analysis. Also, PCs provide flexibility and scalability, allowing users to customize hardware configurations and software solutions according to specific requirements. This versatility makes them adaptable to various healthcare settings, from small clinics to large hospitals.
“In 2023, the patient activity monitoring/fall prevention segment demonstrated the most significant growth in the computer vision in healthcare market based on hospital management by type.”
The patient activity monitoring/fall prevention segment is expected to experience the highest growth in the computer vision in healthcare market. The key drivers for this growth include the aging population worldwide that has led to an increased focus on elderly care and fall prevention initiatives. Computer vision systems offer non-intrusive and continuous monitoring of patients’ movements, enabling early detection of potential fall risks and timely intervention to prevent accidents. Also, the growing adoption of wearable devices and smart sensors integrated with computer vision technology allows for seamless monitoring of patients’ activities both inside healthcare facilities and at home. This remote monitoring capability enhances patient safety and independence while reducing the burden on caregivers and healthcare resources.
“North America accounted for the largest share of the healthcare simulation market in 2023.”
In 2023, North America held the largest share in the computer vision in healthcare market, with Europe and Asia Pacific following. The significant presence of North America in the global market can be attributed to factors such as region’s strong focus on improving patient outcomes and reducing healthcare costs which incentivizes the integration of computer vision solutions to streamline processes, enhance diagnostics, and optimize treatment pathways.
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Computer Vision in Healthcare Market Dynamics:
Drivers:
The healthcare sector is experiencing a growing need for computer vision systemsRestraints:
The resistance of medical practitioners towards adopting AI-based technologiesOpportunities:
Computer vision solutions for healthcare that are hosted in the cloudChallenge:
Lack of curated dataKey Market Players of Computer Vision in Healthcare Industry:
The key players functioning in the computer vision in healthcare market include NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US), Basler AG (Germany), AiCure (US), iCAD, Inc. (US), Thermo Fisher Scientific Inc. (US), SenseTime (China), KEYENCE CORPORATION (Japan), Assert AI (India), Artisight (US), LookDeep Inc. (US), care.ai (US), CareView Communications (US), VirtuSense (US), Teton (Denmark), viso.ai (Switzerland), NANO-X IMAGING LTD. (Israel), Comofi Medtech Pvt. Ltd. (India), Avidtechvision (India), Roboflow, Inc. (US), Optotune (US) and CureMetrix, Inc. (US).
The break-down of primary participants is as mentioned below:
By Company Type – Tier 1: 45%, Tier 2: 30%, and Tier 3: 25%By Designation – C-level: 42%, Director-level: 31%, and Others: 27%By Region – North America: 32%, Europe: 32%, Asia Pacific: 26%, Middle East & Africa: 5%, Latin America: 5%Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=231790940
Recent Developments of Computer Vision in Healthcare Industry:
In April 2024, iCAD partnered with RAD-AID to enhance breast cancer detection utilizing the AI technology in underserved regions and low- and middle-income countries (LMICs).In March 2024, Microsoft and NVIDIA have broadened their longstanding collaboration with robust new integrations that harness cutting-edge NVIDIA generative AI and Omniverse technologies across Microsoft Azure, Azure AI services, Microsoft Fabric, and Microsoft 365.In February 2022, Advanced Micro Devices acquired Xilinx. This acquisition established the forefront leader in high-performance and adaptive computing, with a significantly expanded scale and the most formidable portfolio of leadership computing, graphics, and adaptive SoC products in the industry.Computer Vision in Healthcare Market – Key Benefits of Buying the Report:
This report will enrich established firms and new entrants/smaller firms to gauge the market’s pulse, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.
This report provides insights on:
Analysis of key drivers: (Increasing demand for computer vision systems in the healthcare industry, government initiatives to increase the adoption of AI-based technologies), restraints (Reluctance of medical practitioners to adopt AI-based technologies), opportunities (Cloud-based healthcare computer vision solutions), and challenges (Rising security concerns related to cloud-based image processing and analytics) influencing the growth of the computer vision in healthcare market.Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the computer vision in healthcare market.Market Development: Comprehensive information on the lucrative emerging markets, products & services, applications, end-users, and regions.Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the computer vision in healthcare market.Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the computer vision in healthcare market like NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US).Related Reports:
Medical Robots Market – Global Forecasts to 2029
Minimally Invasive Surgery Market – Global Forecasts to 2029
Spinal Implants Market – Global Forecasts to 2028
Medical Waste Management Market – Global Forecasts to 2028
Operating Room Integration Market – Global Forecasts to 2028
Get access to the latest updates on Computer Vision in Healthcare Companies and Computer Vision in Healthcare Market Size
About MarketsandMarkets™:
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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View original content:https://www.prnewswire.co.uk/news-releases/computer-vision-in-healthcare-market-worth-11-5-billion–marketsandmarkets-302135478.html
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