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Conveyor Systems Market to Hit USD 7.43 billion by 2027; Increasing Emphasis on Reducing Labor Costs in Factories Worldwide to Aid Market Growth: Fortune Business Insights™

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Pune, July 01, 2020 (GLOBE NEWSWIRE) — The global conveyor systems market size is projected to reach USD 7.43 billion by 2027, exhibiting a CAGR of 4.5% during the forecast period. Increasing incorporation of smart technologies in material handling systems in the mining industry will augment the growth of this market, states Fortune Business Insights™ in its new report, titled “Conveyor Systems Market Size, Share & Covid-19 Impact Analysis, By Type (Roller Conveyors, Flat Belt Conveyors, Wheel Conveyors, Vertical Conveyors & Others), By Location (In-floor Conveyors, On-floor Conveyors & Overhead), By Load (Unit Load & Bulk Load), By Application (Food & Beverages, Pharmaceuticals, Supply chain & Logistics, Manufacturing, Mining & Others) and Regional Forecast, 2020-2027”.Conveyor systems are crucial component in mining processes, enabling transport of mined materials such as ores from the mine to the plant. Traditional conveyor belts and other equipment are difficult to maintain and consume more energy, resulting in frequent outages and downtime. As a result, the mining industry is increasingly integrating intelligent technologies powered by Artificial Intelligence (AI) and Internet of Things (IoT) to enhance operational efficiency. For example, implementing sensors in conveyors enables miners to monitor temperature, detect material position, and analyze vibrations, thus helping them avoid any system failure. Similarly, utilizing 3D scanners can enable exact location and size of materials being handled and moved. Thus, smart technologies are opening up new growth and expansion avenues for the market.The COVID-19 outbreak has generated widespread economic distress, with many industries and markets bearing the brunt of the crisis. However, together, we can tide over these challenging times. We, at Fortune Business Insights™, aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.We are taking continuous efforts to help your business sustain and grow during the COVID-19 pandemic. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this market.
Please visit: https://www.fortunebusinessinsights.com/industry-reports/conveyor-systems-market-101116
Microscopic study of all the factors driving and restraining the market;In-depth analysis of the various market segments;Detailed examination of the regional prospects for the market; andThorough research of the competitive landscape of the market.Market RestraintRetarding Growth of the Aviation Industry to Dampen Market SpiritsConveyor systems are extensively deployed at airports for smooth movement of luggage and cargo. However, the COVID-19 pandemic has severely crippled the aviation industry owing to tight restrictions on foreign travel imposed in most countries to curb the spread of the virus. The Airports Council International (ACI) estimates that there is likely to be a 50% drop in passenger traffic in 2020, leading to a loss of more than USD 97 billion in revenues. Compounding this will be the substantial decline in tourism revenue, as predicted by the UN World Tourism Organization (UNWTO). With such massive shortfall of passenger revenue, airport authorities are postponing or even cancelling modernization plans, which are expected to hamper the conveyor systems market growth.Regional InsightsAsia Pacific to Surge at an Impressive CAGR; North America & Europe to Display Healthy GrowthAsia Pacific’s market size stood at USD 1.74 billion in 2019, giving the region indisputable lead in the conveyor systems market share. The main growth drivers for the market in this region include rapid development of various end-use industries in India and China and the presence of strong global players in the automotive industry in China. Technological advancements in South Korea and Japan are expected to further propel the regional market.In Europe and North America, swift automation of manufacturing units and active adoption of Industry 4.0, both fueled by rising labor costs, are primarily driving the growth of the market. In Latin America and the Middle East & Africa, moderate market growth is anticipated owing to relatively slower adoption of these systems in manufacturing facilities.Strategic Operational Expansion to be Key Focus Area for Market PlayersOne of the most prominent strategies being executed by key companies in this market is the expansion of operations in unexplored markets. In pursuit of that end, market players are partnering with regional companies, even acquiring them in some cases, to broaden their sales opportunities.
Industry Developments:
June 2020: US-based Bastian Solutions joined forces with the sports brand PUMA to expand its presence in the market in North America. PUMA inaugurated its new fulfillment center in Indiana, where the company will install Bastian’s advanced robotic storage and retrieval system, AutoStore Black Line, for mass production of its signature sportswear.September 2019: Japan-based Daifuku Co. announced the setting up of its subsidiary in Vietnam under the name Daifuku Intralogistics Vietnam. The new entity will be responsible for local sales, installation, and aftersales services of conveyor systems for the distribution and manufacturing end-users in the country.
List of the Leading Companies Operating in the Conveyor Systems Market are:
Taikisha Ltd. (Japan)Toyota Industries Corporation (Japan)Dürr AG (Germany)Dematic (United States)Bastian Solutions, Inc. (United States)Daifuku Co., Ltd. (Japan)Invata Intralogistics (United States)ATS Automation Tooling Systems Inc. (Canada)Interroll (Schweiz) AG (Germany)Conveyor Systems Ltd (United Kingdom)Continental Conveyor (United States)
Detailed Table of Content
IntroductionDefinition, By SegmentResearch ApproachSourcesExecutive SummaryMarket DynamicsDrivers, Restraints and OpportunitiesEmerging Trends of MarketKey InsightsMacro and Micro Economic FactorsConsolidated SWOT Analysis of Key PlayersPorter’s Five Forces AnalysisImpact of Covid-19: Conveyor Systems Industry AnalysisGlobal Conveyor Systems Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Sizing Estimations and Forecasts – By Type (Value)Roller ConveyorsFlat Belt ConveyorsWheel ConveyorsVertical ConveyorsOther ConveyorsMarket Sizing Estimations and Forecasts – By Location (Value)In-floor ConveyorsOn-floor ConveyorsOverheadMarket Sizing Estimations and Forecasts – By Load (Value)Unit LoadBulk LoadMarket Sizing Estimations and Forecasts – By Application (Value)Food & BeveragesPharmaceuticalsSupply chain & LogisticsManufacturingMiningOthers (Airports, etc.)Market Analysis, Insights and Forecast – By Region (Value)North AmericaEuropeAsia PacificMiddle East and AfricaLatin AmericaTOC Continued…!!!
Automated Material Handling Equipment Market Size, Share & Industry Analysis, By Type (Automated Storage & Retrieval System, Automated Conveyor & Sorting System, Automated Guided Vehicle), By System Load (Unit Load & Bulk Load), By Application (Assembly, Distribution, Transportation, Packaging), By Industry (Retail & E-commerce, Automotive, Pharmaceutical, Aviation, Semiconductors & Electronics) and Regional Forecast, 2019-2026
Automated Feeding System Market Size, Share and Global Trend By Feeding Line (Mixer, Conveyor, Controllers, Others), By Component (Software, Hardware), and Geography Forecast till 2026Conveyor Monitoring Market Size, Share And Global Trend By End-use Industry (Food & Beverage, Automotive, Mining, Construction, Others), And Geography Forecast Till 2026Baggage Handling System Market Size, Share & Industry Analysis, By Type (Destination coded vehicle (DCV), Conveyor), By Technology (Radio-Frequency Identification (RFID), Barcode), By Application (Airport, Railway, Marine), and Regional Forecast, 2020-2027Synchronous Motors Market Size, Share and Global Trend By Mounting Type (Horizontal, Vertical), By Voltage (Low, Medium), By Application (Compressors, Pumps, Fans, Extruders, Mixers, Conveyor Belts, Others), By End-User (Oil & Gas, Metal & Mining, Paper & Pulp, Chemicals & Petrochemicals, Automotive, Others) and Geography Forecast till 2026
Industrial Ovens Market Size, Share and Global Trend By Product Type (Batch Oven, Powder Coat Oven, Composite Oven, Clam Shell Oven), By Process Type (Batch process, Continuous/ conveyor process), By Heating Medium (Natural Gas, Electric Heat, Steam Coal, Fuel Oil), By Industry (Aerospace, Furniture, Marine, Automotive) and Geography Forecast Till 2026
Conveyor Monitoring Market Size, Share And Global Trend By End-use Industry (Food & Beverage, Automotive, Mining, Construction, Others), And Geography Forecast Till 2026

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THE 2024 GLOBAL EXPLORATION SUMMIT IS ANNOUNCED AT THE 120th EXPLORERS CLUB ANNUAL GALA IN NEW YORK

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Porto and Terceira Island to Host the ‘Davos of Exploration’ – The GLEX Summit
NEW YORK, April 24, 2024 /PRNewswire/ — The Explorers Club and Expanding World, are thrilled to announce the fifth edition of The GLEX Summit, known as the ‘Davos of Exploration,’ set to take place from June 15 to 19 on Porto city and Terceira Island in the Azores, Portugal.

This year, Porto will Ignite the summit, followed by two days of discussions and exploration in the historic city of Angra do Heroísmo on Terceira Island. From the depths of the oceans to new space missions, the power and future of exploration will be explored in these two World Heritage cities, deeply connected to the history of exploration.
The 2024 GLEX Summit will revolve around the latest discoveries and groundbreaking missions shaping the future of our planet. Highlights of the summit include the Artemis mission, which plans to send astronauts back to the moon for the first time since 1972, and the role of Space and the Oceans in researching and mitigating the effects of climate change. Notable sessions will also delve into the unfortunate incident of the submersible implosion that took place on Titan and the recording of an episode of the BBC’s acclaimed science comedy show ‘The Infinite Monkey Cage,’ hosted by physicist Brian Cox and comedian Robin Ince.
This prestigious event will bring together over three dozen explorer and scientist legends from around the world. Confirmed physicist and researcher Brian Cox, NASA Chief Scientist James Garvin, Aquanaut Fabien Cousteau, Oceanographer David Gallo, Cosmonaut Mike Massimino, Nasa ISS CapCom Tess Caswell, among many others global Explorers and Scientists.
For further inquiries about The GLEX Summit and press accreditation, please contact:
Marco Barbosa [email protected], +351917345744
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Hillstone Networks is Named in Microsegmentation Solutions Landscape Report

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Hillstone Networks delivers advanced Microsegmentation across different verticals.. 
SANTA CLARA, Calif., April 24, 2024 /PRNewswire/ — Hillstone Networks, a leading provider of cybersecurity solutions, has been included in the Forrester Microsegmentation Solutions Landscape, Q2 2024 report. The report offers an overview of the Microsegmentation market, focused on the vendors who deliver solutions for protection of critical resources, combating ransomware, and contributing to compliance adherence. The report provides security professionals a snapshot of these named vendors, considering factors such as size, geographic focus, and use cases to select the most suitable option for their targeted use cases or needs. 

In the Landscape Report, Forrester states that “Zero Trust is all about replacing bodies of implicit trust with explicit policy. In physical and virtual networks, the application of this principle is referred to as microsegmentation…. [It] was one of the first true Zero Trust technologies developed after Forrester published the initial Zero Trust reports.”  
Forrester states in the report that the main trend is “organizations are finally getting serious about Zero Trust. Some, proactively, are implementing microsegmentation as part of a Zero Trust strategy or initiative. Others are implementing it because they got hit by ransomware and are trying to avoid it again. But all of them are doing Zero Trust with microsegmentation.”
“Being recognized as a vendor in the Microsegmentation solution landscape underscores for us the pivotal role our technology plays in safeguarding critical assets and thwarting ransomware threats. We believe it reaffirms our commitment to providing cutting-edge security measures built on an innovative and AI-powered platform that help our customers defend against evolving cyber risks, ensuring resilience and trust,” states Tim Liu, CTO and Co-founder at Hillstone Networks.
Hillstone’s Microsegmentation solution provides the following key benefits:
Advanced and extensive Microsegmentation for physical servers, virtual machines, cloud hosts, and containers, seamlessly compatible with multiple platforms.Comprehensive, integrated Layer 4 to 7 security and malware features (Next Generation Firewall, Intrusion Prevention System, AntiVirus, URL filtering, DDoS, and bot defense), and complete vulnerability management across the entire application lifecycle.Distributed architecture for easy scaling and portability.Centralized and comprehensive visibility to reduce gaps in the threat surface.Learn more about Hillstone Networks solutions here.
About Hillstone Networks
Hillstone Networks’ Integrative Cybersecurity approach is based on a visionary, AI-powered, and accessible platform, delivering coverage, control, and consolidation to secure over 28,000 global enterprises.
Media ContactZeyao Hu+1 [email protected]
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Tetra Pharm Technologies and Glysious Announce Collaboration to Develop Transdermal Combination Drugs Targeting the Endocannabinoid System

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The collaboration brings together Tetra Pharm Technologies’ expertise in enabling technology with Glysious’ proprietary transdermal drug delivery system, renowned for its effectiveness, comfort, and convenience.
COPENHAGEN, Denmark, April 24, 2024 /PRNewswire/ — Tetra Pharm Technologies and Glysious are pleased to announce a strategic collaboration aimed at developing a ground-breaking transdermal drug delivery system complementing several of Tetra Pharm Technologies’ pipeline candidates. The joint invention aims to revolutionize transdermal release of “difficult-to-formulate” compounds targeting the endocannabinoid system.

Tetra Pharm Technologies has focused intensively on formulation expertise, that is, how the molecules are effectively integrated with a drug delivery system to reach their desired targets. Glysious has worked rigorously on the development of an adhesive patch for transdermal drug delivery since the company’s incorporation in 2020.
“The Glysious technology enables precision, sustained dosing, and allows for a high drug load and effective emptying of patches. The transdermal patches remain in place and are very comfortable and convenient to use, resulting in improved patient compliance. However, we have identified challenges with standard formulation strategies, not providing acceptable drug release due to shortcomings of the formulation matrix”, says Professor, Dr.Techn. Anne Ladegaard Skov, Chief Scientific Officer, Glysious.
Back in 2023 Glysious and Tetra Pharm Technologies performed early in-vitro feasibility tests, integrating Tetra Pharma Technologies’ proprietary enabling technology for delivery of poorly soluble compounds with Glysious’ patch.
Dr. Morten Allesø, Chief Scientific Officer, Tetra Pharm Technologies, adds: “Although both parties were aware of the uniqueness of our respective technologies, we were positively surprised to find a five-fold increase in performance of our combination product compared to conventional formulation technologies. This is truly remarkable, and we consider it our shared obligation to further advance this technology to the benefit of the patients.”
The objectives of the collaboration include conducting comprehensive in-vitro and in-vivo studies to evaluate the performance and efficacy of the combined drug delivery system. Additionally, Tetra Pharm Technologies and Glysious plan to pursue a common patent for the joint invention, ensuring that their innovative technology remains protected and exclusive.
“We are excited to collaborate with the innovative team in Tetra Pharm Technologies on this transdermal drug delivery system paving the way for commercialization and scaling of the Glysious technology within the pharma segment”, says Stina Bjerg Nielsen, Chief Executive Officer, Glysious.
Martin Rose, Chief Executive Officer, Tetra Pharm Technologies, concludes: “The collaboration represents a unique opportunity to harness the synergies between our respective technologies. By combining our expertise, we aim to develop a transdermal drug delivery system that offers superior efficacy, convenience, and patient compliance, supporting several of our pipeline programs”.
As part of the collaboration, the partners will exchange expertise, knowledge, and resources. In addition, Tetra Pharm Technologies and Glysious will conduct joint research, experiments, and tests as required for the development of a joint patent. The scope of the collaboration is focused on disease indications such as pain, sleep disorders, and appetite regulation.
About Tetra Pharm Technologies
Tetra Pharm Technologies is a Danish biopharmaceutical company established in 2018 with a vision to be a leader in research and development of pharmaceutical drugs for the treatment of diseases related to the endocannabinoid system. For more information, please visit www.tetrapharm.eu
About Glysious
Glysious is a Danish medtech company, incorporated in 2020, that develops patches, creams, spray, and foams with controlled release of active ingredients for cosmetics and life science applications. For more information, please visit www.glysious.com
For further informationJacob SchlundtChief Marketing OfficerTetra Pharm [email protected]+45 51976225
Stina Bjerg NielsenChief Executive [email protected]+45 3053 5393
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