Artificial Intelligence
Global Power Boilers Industry
New York, Sept. 04, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Power Boilers Industry” – https://www.reportlinker.com/p05621760/?utm_source=GNW
6 Thousand Megawatts by 2027, growing at a CAGR of 2.6% over the period 2020-2027.
The U.S. Market is Estimated at 25.7 Thousand Megawatts, While China is Forecast to Grow at 4.8% CAGR
The Power Boilers market in the U.S. is estimated at 25.7 Thousand Megawatts in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 22.7 Thousand Megawatts by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.We bring years of research experience to this 18th edition of our report. The 140-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- ANDRITZ AG
- Bharat Heavy Electricals Limited
- Bosch Industriekessel GmbH
- Cannon Far East
- China Western Power Industrial Co., Ltd.
- Cleaver-Brooks, Inc.
- Danstoker A/S
- Doosan Heavy Industries & Construction Co. Ltd.
- Doosan Lentjes GmbH
- GE Power
- Hangzhou Boiler Group Co., Ltd.
- Harbin Boiler Company Limited
- IHI Corporation
- John Wood Group PLC
- Mitsubishi Hitachi Power Systems, Ltd.
- Miura Co., Ltd.
- Outotec Oyj
- Shanghai SMEC Enterprise Co., Ltd.
- Sichuan Dongfang Boiler Group Co., Ltd.
- Siemens AG
- Sumitomo SHI FW
- Takuma Co., Ltd.
- Thermax Limited
- Valmet Oyj
- Wuhan Boiler Co., Ltd.
Read the full report: https://www.reportlinker.com/p05621760/?utm_source=GNW
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Power Boilers: Steam Generation Systems for Power Generation at
the Utility Level
Recent Market Activity
Growing Number of Thermal Power Plants with Enhanced
Operational Efficiencies and Reduced Emissions: The
Fundamental Growth Driver
Clean Coal Power Technologies to Drive Global Thermal Power
Generation Sector
Rising Investments in Clean Technology-Based Coal Power Capacities
Need for Attaining Energy Security, Stability, and Independence
while Minimizing Carbon Footprint Drive Adoption
Cleaner Coal Technologies: Need of the Hour in the United States
Market Fortunes Intrinsically Tied to Trends in the Global
Energy Sector
Global Energy Trends Summarized
Slower Growth
New Technologies and Fuels to Provide Competitive Advantage
Policies Encourage Clean Energy
Changing Global Power Sector Landscape
Power Sector Innovations: Both Supportive and Disruptive
Cyber Security Become Critical
Global Market Outlook
Improving Economy Signals Market Growth Opportunities
China: Growth Engine for the Global Power Boilers Market
Coal Power Continues to Dominate Chinese Power Generation
Impact of Covid-19 and a Looming Global Recession
Global Competitor Market Shares
Power Boilers Competitor Market Share Scenario Worldwide
(in %): 2020 & 2029
2. FOCUS ON SELECT PLAYERS
AC Boilers S.p.A. (Italy)
ANDRITZ AG (Austria)
ANDRITZ Energy & Environment GmbH (Austria)
Babcock & Wilcox Enterprises, Inc. (USA)
Bosch Industriekessel GmbH (Germany)
Bharat Heavy Electricals Limited (India)
Cannon Far East (China)
China Western Power Industrial Co., Ltd. (China)
Cleaver-Brooks, Inc. (USA)
Doosan Heavy Industries & Construction Co. Ltd., (South Korea)
Doosan Lentjes GmbH (Germany)
GE Power (USA)
Wuhan Boiler Co., Ltd. (China)
Hangzhou Boiler Group Co., Ltd. (China)
Harbin Electric Corporation Co., Ltd (China)
Harbin Boiler Company Limited (China)
IHI Corporation (Japan)
John Wood Group PLC (UK)
Kawasaki Heavy Industries, Ltd. (Japan)
Larsen & Toubro Limited (India)
LOINTEK (Spain)
Mitsubishi Hitachi Power Systems, Ltd. (MHPS) (Japan)
Miura Co., Ltd. (Japan)
Outotec Oyj (Finland)
Shanghai SMEC Enterprise Co., Ltd. (China)
Sichuan Dongfang Boiler Group Co., Ltd. (China)
Siemens AG (Germany)
Sumitomo SHI FW (Japan)
Taishan Group Tai’an Boao International Trade Co., Ltd. (China)
Takuma Co., Ltd. (Japan)
Thermax Limited (India)
Danstoker A/S (Denmark)
Valmet Oyj (Finland)
3. MARKET TRENDS & DRIVERS
Steady Proliferation of Smart Power Boilers Featuring NOx
Reduction, Fuel Flexibility, and Improved Operational
Efficiency Drives Market Growth
Power Generation Facilities of the Future to be ’Connected’ for
Greater Operational Efficiencies
Boiler Optimization: Enhancing Operating Efficiency during
Power Generation
Market Maturity Encourages Vendors to Focus on Integrated
Optimization Offerings
Hybrid Optimization Technologies: A Potential Game Changer
Snapshot of Select Advanced Technologies Used for Boiler
Optimization
Novel Smart Technology to Monitor Boiler Water Level
The Urgent Need for Retrofitting to Make Legacy Boilers Future
-Ready Drives Market Demand for New-Age Boiler Systems and
Solutions
Fully Metered System or Parallel Positioning
VFDS & O2 TRIM
Tradeoffs
Low NOx Burners
Liquid Wood
Surging Energy Consumption and the Resulting Rise in Power
Generation Provides the Perfect Platform for Market Growth
Boiler Demand Benefits from Continued Dominance of Coal-Fired
Power Generation despite Rising Interest in Renewable Sources
Declining Production Cost of Coal-Fired Power Generation Bodes
Well for the Market
Despite Coal-Fired Thermal Power Dominance,Several Issues
Hamper Market Prospects for Boilers
Inherent Benefits of High Efficiency, Low Costs, and Lower
Carbon Footprint Drive Demand for Circulating Fluidized Bed
Boilers
Benefits of CFB Boiler Technology
Utilities Embrace CFB Technology for Fuel Flexibility
Transition towards Flexible Solid Fuels
Advantages of CFB over PC Boilers
CFB Technology’s Place in the Global Renewables Landscape
CFB Option Provides Optimal Value
Asia-Pacific: The CFB Boiler Market with the Highest Growth
Potential
Need to Enhance Efficiency Levels of Thermal Power Plants Drive
Demand for Waste Heat Boilers
Ongoing Shift to Renewable Energy Sources Rubs Off Sheen of
Fossil Fuel Power
Technology Innovations and Advancements: Spearheading Growth
Artificial Intelligence (AI) for Testing Coal Plant Boiler
Combustion
Drones for Safer Visual Assessment of Boilers
New Advanced Green Boiler Technology by PARAT Halvorsen
ABB Ability: Enabling Utilities to Monitor Power Plants Remotely
Sophisticated HRSG and Boiler Designs
Advanced PFBC (A-PFBC)
Integrated Coal Gasification Combined Cycle (IGCC)
Supercritical Technology
Aging Power Boiler Units Provide Revenue-Generation
Opportunities for MRO Service Providers
Growing Demand for Biomass as an Energy Source in Utility Boilers
The Important Role of Energy Conservation in Boilers
Feed Water Preheating using Economizer
Stack Temperature
Combustion Air Preheat
Incomplete Combustion
Excess Air Control
Automatic Blowdown Control
Heat Loss Due to Convection and Radiation
Lowering of Soot Losses and Scaling
Proper Boiler Scheduling
Impact of Boiler Loading on Efficiency
Variable Speed Control
Lowering Boiler Steam Pressure
Boiler Replacement
Developing Economies to Drive Current and Future Market Growth
Liberalization and Privatization in Developing Countries Offer
Significant Growth Opportunities
Exponential Increase in Global Population & Urbanization Rate:A
Mega Trend Benefiting Market Prospects
4. GLOBAL MARKET PERSPECTIVE
Table 1: Power Boilers Global Market Estimates and Forecasts in
Megawatts by Region/Country: 2020-2027
Table 2: Power Boilers Global Retrospective Market Scenario in
Megawatts by Region/Country: 2012-2019
Table 3: Power Boilers Market Share Shift across Key
Geographies Worldwide: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
Market Analytics
Table 4: United States Power Boilers Market Estimates and
Projections in Megawatts: 2020 to 2027
Table 5: Power Boilers Market in the United States: A Historic
Review in Megawatts for 2012-2019
CANADA
Table 6: Canadian Power Boilers Market Estimates and Forecasts
in Megawatts: 2020 to 2027
Table 7: Canadian Power Boilers Historic Market Review in
Megawatts: 2012-2019
JAPAN
Table 8: Japanese Market for Power Boilers: Annual Sales
Estimates and Projections in Megawatts for the Period 2020-2027
Table 9: Power Boilers Market in Japan: Historic Sales Analysis
in Megawatts for the Period 2012-2019
CHINA
Table 10: Chinese Power Boilers Market Growth Prospects in
Megawatts for the Period 2020-2027
Table 11: Power Boilers Historic Market Analysis in China in
Megawatts: 2012-2019
EUROPE
Market Facts & Figures
Market Analytics
Table 12: European Power Boilers Market Demand Scenario in
Megawatts by Region/Country: 2020-2027
Table 13: Power Boilers Market in Europe: A Historic Market
Perspective in Megawatts by Region/Country for the Period
2012-2019
Table 14: European Power Boilers Market Share Shift by
Region/Country: 2012 VS 2020 VS 2027
FRANCE
Table 15: Power Boilers Market in France: Estimates and
Projections in Megawatts for the Period 2020-2027
Table 16: French Power Boilers Historic Market Scenario in
Megawatts: 2012-2019
GERMANY
Table 17: Power Boilers Market in Germany: Recent Past, Current
and Future Analysis in Megawatts for the Period 2020-2027
Table 18: German Power Boilers Historic Market Analysis in
Megawatts: 2012-2019
ITALY
Table 19: Italian Power Boilers Market Growth Prospects in
Megawatts for the Period 2020-2027
Table 20: Power Boilers Historic Market Analysis in Italy in
Megawatts: 2012-2019
UNITED KINGDOM
Table 21: United Kingdom Market for Power Boilers: Annual Sales
Estimates and Projections in Megawatts for the Period 2020-2027
Table 22: Power Boilers Market in the United Kingdom: Historic
Sales Analysis in Megawatts for the Period 2012-2019
SPAIN
Table 23: Spanish Power Boilers Market Estimates and Forecasts
in Megawatts: 2020 to 2027
Table 24: Spanish Power Boilers Historic Market Review in
Megawatts: 2012-2019
RUSSIA
Table 25: Russian Power Boilers Market Estimates and
Projections in Megawatts: 2020 to 2027
Table 26: Power Boilers Market in Russia: A Historic Review in
Megawatts for 2012-2019
REST OF EUROPE
Table 27: Rest of Europe Power Boilers Market Estimates and
Forecasts in Megawatts: 2020-2027
Table 28: Power Boilers Market in Rest of Europe in Megawatts:
A Historic Review for the Period 2012-2019
ASIA-PACIFIC
Table 29: Asia-Pacific Power Boilers Market Estimates and
Forecasts in Megawatts by Region/Country: 2020-2027
Table 30: Power Boilers Market in Asia-Pacific: Historic Market
Analysis in Megawatts by Region/Country for the Period
2012-2019
Table 31: Asia-Pacific Power Boilers Market Share Analysis by
Region/Country: 2012 VS 2020 VS 2027
AUSTRALIA
Table 32: Power Boilers Market in Australia: Recent Past,
Current and Future Analysis in Megawatts for the Period
2020-2027
Table 33: Australian Power Boilers Historic Market Analysis in
Megawatts: 2012-2019
INDIA
Table 34: Indian Power Boilers Market Estimates and Forecasts
in Megawatts: 2020 to 2027
Table 35: Indian Power Boilers Historic Market Review in
Megawatts: 2012-2019
SOUTH KOREA
Table 36: Power Boilers Market in South Korea: Recent Past,
Current and Future Analysis in Megawatts for the Period
2018-2027
Table 37: South Korean Power Boilers Historic Market Analysis
in Megawatts: 2012-2019
REST OF ASIA-PACIFIC
Table 38: Rest of Asia-Pacific Market for Power Boilers: Annual
Sales Estimates and Projections in Megawatts for the Period
2020-2027
Table 39: Power Boilers Market in Rest of Asia-Pacific:
Historic Sales Analysis in Megawatts for the Period 2012-2019
LATIN AMERICA
Table 40: Latin American Power Boilers Market Trends by
Region/Country in Megawatts: 2020-2027
Table 41: Power Boilers Market in Latin America in Megawatts by
Region/Country: A Historic Perspective for the Period 2012-2019
Table 42: Latin American Power Boilers Market Percentage
Breakdown of Sales by Region/Country: 2012, 2020, and 2027
ARGENTINA
Table 43: Argentinean Power Boilers Market Estimates and
Forecasts in Megawatts: 2020-2027
Table 44: Power Boilers Market in Argentina in Megawatts:
A Historic Review for the Period 2012-2019
BRAZIL
Table 45: Power Boilers Market in Brazil: Estimates and
Projections in Megawatts for the Period 2020-2027
Table 46: Brazilian Power Boilers Historic Market Scenario in
Megawatts: 2012-2019
MEXICO
Table 47: Power Boilers Market in Mexico: Recent Past, Current
and Future Analysis in Megawatts for the Period 2020-2027
Table 48: Mexican Power Boilers Historic Market Analysis in
Megawatts: 2012-2019
REST OF LATIN AMERICA
Table 49: Rest of Latin America Power Boilers Market Estimates
and Projections in Megawatts: 2020 to 2027
Table 50: Power Boilers Market in Rest of Latin America:
A Historic Review in Megawatts for 2012-2019
MIDDLE EAST
Table 51: The Middle East Power Boilers Market Estimates and
Forecasts in Megawatts by Region/Country: 2020-2027
Table 52: Power Boilers Market in the Middle East by
Region/Country in Megawatts: 2012-2019
Table 53: The Middle East Power Boilers Market Share Breakdown
by Region/Country: 2012, 2020, and 2027
IRAN
Table 54: Iranian Market for Power Boilers: Annual Sales
Estimates and Projections in Megawatts for the Period 2020-2027
Table 55: Power Boilers Market in Iran: Historic Sales Analysis
in Megawatts for the Period 2012-2019
ISRAEL
Table 56: Israeli Power Boilers Market Estimates and Forecasts
in Megawatts: 2020-2027
Table 57: Power Boilers Market in Israel in Megawatts:
A Historic Review for the Period 2012-2019
SAUDI ARABIA
Table 58: Saudi Arabian Power Boilers Market Growth Prospects
in Megawatts for the Period 2020-2027
Table 59: Power Boilers Historic Market Analysis in Saudi
Arabia in Megawatts: 2012-2019
UNITED ARAB EMIRATES
Table 60: Power Boilers Market in the United Arab Emirates:
Recent Past, Current and Future Analysis in Megawatts for the
Period 2018-2027
Table 61: United Arab Emirates Power Boilers Historic Market
Analysis in Megawatts: 2012-2019
REST OF MIDDLE EAST
Table 62: Power Boilers Market in Rest of Middle East: Recent
Past, Current and Future Analysis in Megawatts for the Period
2020-2027
Table 63: Rest of Middle East Power Boilers Historic Market
Analysis in Megawatts: 2012-2019
AFRICA
Table 64: African Power Boilers Market Estimates and
Projections in Megawatts: 2020 to 2027
Table 65: Power Boilers Market in Africa: A Historic Review in
Megawatts for 2012-2019
IV. COMPETITION
Total Companies Profiled: 44
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Artificial Intelligence
Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan
The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”
With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky.
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter: @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
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FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone Email: [email protected]
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Artificial Intelligence
Strava Unveils New Chapter of Accelerated Product Development at Brand’s Flagship Event
The Company introduces increased product velocity, leveraging advancements in Artificial Intelligence, in service of its vision of a world connected through movement
LOS ANGELES, May 16, 2024 /PRNewswire/ — Strava, the leading digital community for active people with more than 125 million athletes, today showcased its latest initiatives and product developments at its annual event, Camp Strava. With the theme of Progress, Together company leaders announced how the platform will empower its global community to make progress in the way they explore, move, and connect on Strava.
“Strava is gaining momentum to realize our vision of a world connected through movement,” said Michael Martin, chief executive officer of Strava. “We are focused on two fundamental shifts to accelerate how we deliver value to 125 million people globally– building for women and leveraging Artificial Intelligence – which will unlock new community-and-partner-powered experiences across the platform.”
A New Era of Product VelocityStrava, with new leaders at the helm, is ushering in its next era of product velocity. The company listened closely to feedback from its global community and announced three of the most requested features coming to the platform by the end of the year.
The first of these updates, AI-enabled Leaderboard Integrity, will harness machine learning to automatically flag irregular, improbable, or impossible activities recorded to the platform. Trained by millions of activities, this feature allows all users on Strava to play fair and have more fun.
Additionally, the company announced a new Family Plan Subscription, the sister of the company’s Student Plan. With Family Plan, it’s easier to make a fitness commitment with your community by sharing an annual subscription with up to three other people – friends, family, or fitness family. Launching in select countries this summer, with plans to roll out globally by the end of the year, Strava’s newest annual subscription option offers the best value for groups (up to four), with a discount off the regular subscription price for each member.
Strava also implemented an updated design system, an initiative that is integral in driving a heightened pace of product innovation at the company. Through this work, Strava announced the launch of one of the company’s most requested features, Dark mode. Dark mode will improve the in-app experience for all users, reducing eye strain and improving accessibility while they record activity or scroll through the feed. Athletes can expect a rollout later this summer with options to keep their mobile settings always dark, always light, or match their device settings.
Company leaders highlighted several other features and updates to current products like Flyover, with its next iteration offering an overlay with activity stats and off-platform sharing capabilities. The overlay is available today for Strava subscribers and an off-platform sharing option will be released later this year.
Build for Her, Build for ManyStudies show that women of all ages participate in sports at a far lower rate than men, and overall, despite wanting to be active, find less time to dedicate to an active lifestyle. As the company continues on its mission to motivate people to live their best active lives, building for women on the platform will ultimately serve everyone in the Strava community. Several new features and initiatives were announced as a part of this strategic focus, which includes:
Night Heatmaps: Night Heatmaps show only activities between sundown and sunrise – so athletes can get an idea of which roads, trails, and paths are well-trafficked after hours. Since Night Heatmaps filter for after-hours routes, it can be a helpful tool for female athletes training before sunrise and after sunset.Quick Edit: For active women, having control over what is shared with the Strava community that cheers them on – like what time a run is logged – is important. Quick Edit makes it easier to make the most common edits – like activity name, and privacy settings so you can hide your start time, your map, or other workout stats.Strive for More®: The company announced a new phase of its Strive for More® initiative, created in 2022 to promote and support women in movement and sport. Today, Strava unveiled an official partnership with media company TOGETHXR to encourage more women to watch – and play – women’s sports. As part of the partnership, Strava will also donate $100,000 to the Alex Morgan Foundation, started by co-founder of TOGETHXR, Alex Morgan, to support their mission to help girls and women find confident paths forward in sports and life.Athlete IntelligenceToday, Strava announced the start of an accelerated product roadmap, outlining how Strava will implement the latest technological enhancements in AI and machine learning, to transform the athlete experience.
One key advancement to the platform includes the company’s latest development, Athlete Intelligence. Strava is introducing its beta AI-powered feature which turns each subscriber’s training data into an easily digestible summary that contextualizes their accomplishments and fitness goals. Unlike other AI-powered training services, Strava connects with thousands of devices, wearables, and fitness apps, so an athlete’s insights can consider their entire fitness story across multiple sports and modalities.
The features shared at Camp Strava will be released on a rolling basis through the end of the year. To view the full list of product releases and further details, visit www.press.strava.com.
For more information on Strava, to create a free account, or to start a free subscription trial visit www.strava.com.
About Strava Strava is the leading digital community for active people with more than 125 million athletes, in more than 190 countries. The platform offers a holistic view of your active lifestyle, no matter where you live, which sport you love and/or what device you use. Everyone belongs on Strava when they are pursuing an active life. Join the community, find motivation and discover new experiences with a Strava subscription.
Visit www.strava.com for more information and connect with Strava on Instagram, Twitter, Facebook, YouTube and LinkedIn.
Media Contact: [email protected]
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Artificial Intelligence
Japan Data Center Market Investment to Reach $14.48 Billion by 2028 – Watch Out Exclusive Insight on Japan & Hong Kong Data Center Market – Arizton
CHICAGO, May 16, 2024 /PRNewswire/ — Arizton publishes the latest research report on the Japan data center market and Hong Kong data center market.
The Japan Data Center Market to Witness Investments of $14.48 Billion by 2029.
Get Insights on 107 Existing Data Centers and 41 Upcoming Facilities across Japan.
The data center market in Japan is experiencing the emergence of self-built hyperscale data center facilities by major operators such as Google, Microsoft, and Amazon Web Services (AWS). This development is expected to impact the colocation market in Japan. Since these hyperscale operators store workloads in their own data center facilities, it may reduce the source of revenue generation for colocation operators.
Japan is a well-established data center market in the APAC region. The country supports investments with its macroeconomic policies and other incentives for investors. The market is witnessing several investments from local and global data center operators, further expanding its presence. Tokyo and Osaka are Japan’s major destinations for data center development, accounting for over 90% of the existing data center facilities. The government announced the offer of subsidies in Hokkaido and Kyushu for data center development and decentralize data centers from Tokyo and Osaka.
Investment Opportunities
In October 2023, SoftBank and its subsidiary, IDC Frontier, announced the plan to develop a new data center facility in Tomakomai City, Hokkaido. The company invested around $420 million toward the project, for which it received subsidies worth $190 million from the Ministry of Economy, Trade, and Industry. In July 2023, Internet Initiative Japan (IIJ) launched its second data center building at the Shiroi data center campus in Chiba Prefecture, Greater Tokyo. Once fully built, the campus will house four data center buildings. Furthermore, the company is involved in a third expansion initiative in its Matsue City campus (which will likely go live in 2025).In June 2023, Digital Edge, in partnership with Hulic, a real estate developer, announced the start of the construction of a new data center facility, TY07, in Tokyo. The facility is expected to go online by 2025.In April 2024, GDS Services partnered with Gaw Capital to develop a new data center campus in Fuchu City, Tokyo. Both companies will jointly invest toward developing a new data center facility, with the first phase slated to go online by 2026.To Buy this Research Now, Click: https://www.arizton.com/market-reports/japan-data-center-market-investment-analysis
Existing Vs. Upcoming Data Centers
Existing Facilities in the Region (Area and Power Capacity)TokyoOsakaOther CitiesList of Upcoming Facilities in the Region (Area and Power Capacity)TokyoOsakaOther CitiesVendor Analysis
IT Infrastructure Providers: Arista Networks, Atos, Broadcom, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise (HPE), Hitachi Vantara, Huawei Technologies, IBM, Inspur, Lenovo, NEC, NetApp, and Oracle.
Data Center Construction Contractors & Sub-Contractors: Arup, AECOM, Daiwa House Industry, Fuji Furukawa Engineering & Construction, Hibiya Engineering, ISG, Kajima Corporation, Keihanshin Building, Linesight, MARCAI DESIGN, Meiho Facility Works, Nikken Sekkei, NTT FACILITIES, Obayashi Corporation, SHINRYO Corporation, TAISEI Corporation.
Support Infrastructure Providers: 3M, ABB, Alfa Laval, Caterpillar, Cummins, Delta Electronics, Eaton, Fuji Electric, HITEC Power Protection, Johnson Controls, Kawasaki Heavy Industries, KOHLSER-SDMO, Legrand, Mitsubishi Electric, Rittal, Rolls-Royce, Schneider Electric, STULZ, Siemens, Vertiv.
Data Center Investors: AirTrunk, Alibaba Cloud, Amazon Web Services, AT TOKYO, Colt Data Centre Services, Digital Edge, Equinix, Fujitsu, Goodman, Google, IDC Frontier, Internet Initiative Japan (IIJ), MC Digital Realty, Microsoft, NTT Communications, SCSK Corporation (NETXDC), Telehouse, Tencent Cloud, TIS INTEC Group.
New Entrants: Ada Infrastructure, Edge Centres, CyrusOne, ESR, GDS Services, Keppel Data Centres, NEXTDC, Princeton Digital Group (PDG), SC Zeus Data Center, STACK Infrastructure, ST Telemedia Global Data Centres, Vantage Data Centers, Yondr.
The Hong Kong Data Center Market will Witness Investments of $4.80 Billion by 2029.
Get Insights on 54 Existing Data Centers and 12 Upcoming Facilities across Hong Kong.
The Hong Kong data center market is booming, driven by the increasing demand for digital services. The data center investments in Hong Kong over the next two to three years are expected to remain high due to the surge in demand and the significant boost due to the advancements in AI technologies. Investors are actively investing in this market.
Hong Kong is a mature and thriving market for data center development in the APAC region. Investors find it an attractive market owing to the high internet and social media usage levels, a robust business ecosystem, and excellent connectivity through both inland and submarine cables. Additionally, the deployment of 5G technology further enhances its appeal.
Hong Kong stands out globally for the incredibly high rates of cell phone and home broadband service usage. With around 300 licensed internet service providers, there is robust competition, providing data center operators with a wide range of choices.
Hong Kong is considered an attractive destination for businesses due to various reasons. Its proximity to mainland China and its import-export relations with major markets, such as China and the US, make it easier for businesses to operate. Additionally, the market has experienced significant growth in Foreign Direct Investment (FDI), ranking after countries like the UK, the US, and China.
Investment Opportunities
In December 2023, the company completed the core and shell construction of phase-1 of the MEGA IDC data center campus. The facility has already signed lease agreements with cloud service providers and international banks for its available space. The company plans to expand the campus through phase-2 during the forecast period.In March 2023, the company launched its seventh data center facility, MEGA Gateway, in Tsuen Wan. The facility is part of its connected MEGA campus.Goodman is among the major investors in the Hong Kong market, and it is continuously expanding its data center presence. In March 2024, the company announced the construction of the new Texaco data center facility in Tsuen Wan. The facility is a brownfield construction that involved the conversion of an industrial building into a data center facility. The facility is likely to go online by 2026.Over 60% Of Future Demand to Come from Cloud Service Providers
The Hong Kong data center market has the presence of on-premises data centers operated by educational institutions, the government, and financial services such as HSBC Bank. A significant decline in on-premises data centers will occur in the next three to five years owing to the increase in digitalizing initiatives across sectors and the strong growth in demand for colocation and cloud services. In addition, most existing service providers offer managed solutions to enterprise customers, which will likely grow in the market from 2024-2029.
The market has the presence of all global cloud operators, such as Amazon Web Services (AWS), Google, Microsoft, Alibaba Cloud, Huawei Cloud, and Tencent Cloud. This will propel the demand for wholesale colocation services through these service providers’ continuous expansion initiatives. The cloud segments will likely dominate capacity take-up over the next five years. In addition, the market will witness the entry of multiple global organizations to service customers through a local presence.
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Existing VS. Upcoming Data Centers
Existing Facilities in the Region (Area and Power Capacity)Tseung Kwan OKwai ChungTsuen WanFanlingFo TanChai WanTai PoOther LocationList of Upcoming Facilities in the Region (Area and Power Capacity)Tseung Kwan OKwai ChungTsuen WanFanlingFo TanChai WanTai PoOther LocationVendor Analysis
IT Infrastructure Providers: Arista Network, Atos, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise (HPE), Huawei Technologies, IBM, Inspur, Lenovo, NetApp.
Data Center Construction Contractors & Sub-Contractors: Arup, AtkinsRéalis, Aurecon, BYME Engineering, Chung Hing Engineers Group, Cundall, DSCO Group, Gammon Construction, ISG, Studio One Design.
Support Infrastructure Providers: ABB, Airedale, Caterpillar, Cummins, Delta Electronics, Eaton, Fuji Electric, KOHLER, Legrand, Mitsubishi Electric, Piller Power Systems, Rittal, Schneider Electric, Siemens, STULZ, Sumber, Vertiv.
Data Center Investors: AirTrunk, BDx, CITIC Telcom International, China Mobile International (CMI), China Unicom, Digital Realty, Equinix, ESR, GDS Services, Global Switch, Goodman, iTech Towers Data Centre Services, NTT DATA, SUNeVision Holdings (iAdvantage), Telehouse, Towngas Telecom (TGT), Vantage Data Centers.
New Entrants: Angelo Gordon and Mapletree Investments
Japan & Hong Kong Data Center Market Segmentation
IT Infrastructure
Servers
Storage Systems
Network Infrastructure
Electrical Infrastructure
UPS Systems
Generators
Transfer Switches & Switchgears
PDUs
Other Electrical Infrastructure
Mechanical Infrastructure
Cooling Systems
Rack Cabinets
Other Mechanical Infrastructure
Cooling Systems
CRAC & CRAH Units
Chiller Units
Cooling Towers, Condensers & Dry Coolers
Economizers & Evaporative Coolers
Other Cooling Units
General Construction
Core & Shell Development
Installation & Commissioning Services
Engineering & Building Design
Fire Detection & Suppression Systems
Physical Security
DCIM
Tier Standard
Tier I & Tier II
Tier III
Tier IV
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