Artificial Intelligence
The global market for Smart Gas is projected to reach US$29. 9 billion by 2025
New York, Sept. 10, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Smart Gas Meters Industry” – https://www.reportlinker.com/p05961433/?utm_source=GNW
Also driving growth in the market are factors such as growing global gas demand from 3,000 Mtoe in 2015 to 4,100 Mtoe by 2035 and the ensuing need for efficient distribution networks and billing system; spiraling shale gas production with technology developments promising to tap into the over 5,770 trillion cubic feet of technically recoverable shale gas reserves worldwide; robust demand for modular & integrated gas meters; increasing adoption of SCADA; increasing integration of cloud computing, IoT & artificial intelligence in advanced metering infrastructure (AMI); and rise of smart cities to over 170 cities from 85 countries and growing investments in smart distribution of utility resources such as electricity, water and gas. Utility services, interestingly is the starting point for all “smart city” initiatives given the fact that smarter infrastructure provision is the goal of the smart city concept. Water, electricity and gas are the most important utility infrastructures owned by municipalities. Alongside smart grids, connected gas infrastructure is also a key focus area for governments worldwide. Smart gas technologies ensure uninterrupted gas distribution, pressure measurements, pipe corrosion protection, leak detection, remote disconnection, and smarter use and consumption. Installation of smart gas meters is just the starting point for utilities seeking to optimize the entire process by developing effective communication networks replete with sensors and big data analytics. The scenario is driving increased investments in national smart meter programs, spatial management of transmission pipeline networks; on-site automation systems; use of intelligent metering software and cloud computing for gas leakage and outflow detection and identification of safety issues.
Few of the benefits of smart gas solutions driving investments in transformation of gas networks include operational cost benefits that accompany automation; better energy planning as it offers real-time data on energy costs and related carbon emissions; provides opportunity for voluntarily reducing household gas consumption; enables implementation of multi tariff features to allow for better demand response management; improved profitability for utilities as it reduces the ’costs to serve’; and helps governments battle climate change and achieve slated goals of energy directives. Smart gas solutions, in AMI or AMR metering formats, establish a system-wide communications network, thereby encompassing all the service points on the gas utility grid and seamlessly connect with DNP, IEC 61850, and TCP/IP devices across the grid besides allowing the IEEE 802.15.4g connectivity over the AMI mesh. With such sophisticated attributes, smart meters equip utilities with a robust tool that can help them in realizing innovative functionalities when integrated into the conventional distribution automation infrastructure. Integration of smart gas meters enabled AMI with distribution automation potentially offers unprecedented, previously unexplored opportunities for the modernization of power grids. Such new opportunities include efficient outage management, economical fault isolation, superior transformer and feeder monitoring, and electric vehicle integration among others. Europe represents the largest market worldwide, supported by favorable regulations and funding support that encourage adoption of smart gas solutions across the entire natural gas chain comprising mining, storage, transmission, distribution and final consumption. Asia-Pacific including China ranks is a major market led by stringent energy efficiency regulations given the fact that developing countries utilize more resources partially due to energy wastages and mismanagement.
Read the full report: https://www.reportlinker.com/p05961433/?utm_source=GNW
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 Pandemic on Smart Meters Market
Pandemic Crisis Weakens Economic Environment, Triggering
Negative Tide in GDP
World Economic Growth Projections (Real GDP, Annual % Change)
for 2019, 2020 & 2021
Smart Gas Solutions: Enabling Intelligent Metering, Monitoring,
Measuring and Control of Gas
Smart Gas Meters: Gateway to the Digital Transformation of
Utilities
A Note on Communication Infrastructure for Smart Gas Networks
Global Market Prospects & Outlook
AMR Meters Continue to be Major Device Type, AMI Meters Exhibit
Fast Paced Growth
While Developed Regions Remain Primary Revenue Contributors,
Developing Regions Hold Strong Growth Potential
Global Smart Gas Meters Market by Region: Percentage Breakdown
of Revenues for Developed and Developing Regions (2020 & 2027)
Global Market for Smart Gas Meters – Geographic Regions Ranked
by % CAGR (Revenues) for 2020-2027
Competitive Landscape
American & European Vendors Dominate the Market
Asian Enterprises Aim to Widen Market Footprint
Novel Strategies Take Center Stage amid Escalating Competition
Analytics: New Revenue Source for Software Vendors
World Gas Meters Market: Market Share Findings
Gas Meters Competitor Market Share Scenario Worldwide (in %): 2020
World Brands
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Laying Strong Foundation for the Digital Transformation of Gas
Infrastructure, Smart Gas Metering Solutions Seek to
Revolutionize Gas Utility Operations
Growing Relevancy of Smart Metering Solutions in Modern Gas
Utility: An Overview
Utility Modernization & Upgrade Programs Create Highly
Conducive Environment for Smart Gas Market
Demographic Dynamics Spur Energy Demand & Need for Reliable Gas
Infrastructure, Creating Opportunities for Smart Gas
Technologies
World Population (in Thousands) by Geographic Region for the
Years 2019, 2030, 2050, 2100
A Note on Energy Demand Patterns
Projected Global Demand for Electricity (TWh): 2015, 2020,
2025, 2030 & 2035
Global Primary Energy Consumption (Billion toe): Growth
Trajectory for the Period 1990-2040
Global Primary Energy Consumption (Billion toe) by End-Use
Sector (1995, 2017 and 2040)
Global Energy Consumption (Billion toe) by Country/Region:
(1995, 2017 and 2040): Breakdown for USA, China, India, Russia,
Brazil, EU, Middle East and Rest of World
Urbanization Trend Instigates the Need for Modern Gas Utility
Network
World Urban Population in Thousands: 1950-2050
Percentage of Urban Population in Select Countries for 2018,
2020, 2030, 2040 and 2050
Smart City, the New Urban Infrastructure Concept, to Fuel Next
Wave of Growth
Global Market for Smart City Technologies in US$ Million for
the Years 2019 and 2025
Emergence of Natural Gas as Reliable Energy Source & Parallel
Increase in Gas Infrastructure Investments Creates Fertile
Environment
Global Energy Production: Percentage Share Breakdown of
Production Volume by Energy Source for Years 1990, 2015 & 2035
Global Energy Consumption: Percentage Share Breakdown of
Consumption Volume by Energy Source for the Years 1990, 2015 &
2035
Global Natural Gas Production: Percentage Share Breakdown of
Production Volume by Region/Country for Years 1990, 2015 &
2035
Global Natural Gas Consumption: Percentage Share Breakdown of
Consumption Volume by Region/Country for Years 1990, 2015 &
2035
Offering Myriad Benefits, Natural Gas Withstands Competition
from Renewable Energy Sources
Evolving Image of Shale Gas as a Viable Energy Source Bodes
Well for the Market
Technically Recoverable Shale Gas (In Trillion Cubic Feet) by
Geographic Region
Surging Demand for Fuel Gas Steers Market Penetration
Global Natural Gas Reserves (in % Volume) by Geographic Region
Residential Vertical Remains the Dominant Segment for Consumer
-Grade Smart Gas Solutions
Growing Consumer Spending on Smart Home Technologies Favors Growth
Global Smart Homes Market (In US$ Billion) for the Years 2019,
2021, 2023 & 2025
Smart Gas Solutions Gain Traction in Commercial & Industrial
End-Use Domains
Need to Improve Functionality & Efficiency Paves Way for Wider
Uptake of Utility Automation & Control Solutions
SCADA Systems
Real-Time Data
Big Data and IoT: Next Frontiers for Smart Gas
Smart Gas Technologies Emphasize IIoT Ecosystem in Gas Utility
World Big Data Market: Breakdown of Annual Revenues (in US$
Billion) for Years 2015, 2019 & 2025
Global Number of IoT Connected Devices (In Billion) for the
Years 2016, 2018, 2020, 2022 & 2025
Cloud-based Software Solutions: Next Big Thing in Gas Networks
On-Premises Vs. Cloud-based Software: A Cost Comparison Analysis
Wireless Communication Systems Gain Traction in Smart Gas Networks
Regulations & Standards Instigate New Demand for Smart Gas
Infrastructure Solutions
Regulators and Utilities Address Consumer Concerns about Smart
Gas Solutions
Resolving Prevailing Challenges: Critical for Future Success of
the Market
High Deployment Costs
Lack of Unified Standards & Interoperability Issues
Privacy & Data Security Concerns
Declining Natural Gas Prices & Lack of Incentives
Improving Battery Lifetime: Need of the Hour
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Smart Gas Meters
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027
Table 2: World 7-Year Perspective for Smart Gas Meters by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets for Years 2020 & 2027
Table 3: World Current & Future Analysis for Advanced Meter
Infrastructure (AMI) by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027
Table 4: World 7-Year Perspective for Advanced Meter
Infrastructure (AMI) by Geographic Region – Percentage
Breakdown of Value Sales for USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World for Years 2020 & 2027
Table 5: World Current & Future Analysis for Automatic Meter
Reading (AMR) by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027
Table 6: World 7-Year Perspective for Automatic Meter Reading
(AMR) by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World for Years 2020 & 2027
Table 7: World Current & Future Analysis for Residential by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027
Table 8: World 7-Year Perspective for Residential by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2020 & 2027
Table 9: World Current & Future Analysis for Commercial by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027
Table 10: World 7-Year Perspective for Commercial by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2020 & 2027
Table 11: World Current & Future Analysis for Industrial by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027
Table 12: World 7-Year Perspective for Industrial by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2020 & 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
While COVID-19 Hits Smart Meters Market, Focus on Energy
Efficiency in Utilities and Smart Cities Projects to Drive
Long-term Growth
The United States: Prime Market for Smart Gas Solutions & Services
American Gas Utilities Prioritize Smart Technologies in their
Networks
Multifarious Benefits Make Strong Business Case for AMI Smart
Gas Networks
A Brief Note on Issues Hampering Growth Prospects
Competitive Scenario: Domestic Vendors Dominate the Market
Market Analytics
Table 13: USA Current & Future Analysis for Smart Gas Meters by
Technology – Advanced Meter Infrastructure (AMI) and Automatic
Meter Reading (AMR) – Independent Analysis of Annual Sales in
US$ Million for the Years 2020 through 2027
Table 14: USA 7-Year Perspective for Smart Gas Meters by
Technology – Percentage Breakdown of Value Sales for Advanced
Meter Infrastructure (AMI) and Automatic Meter Reading (AMR)
for the Years 2020 & 2027
Table 15: USA Current & Future Analysis for Smart Gas Meters by
End-Use – Residential, Commercial and Industrial – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027
Table 16: USA 7-Year Perspective for Smart Gas Meters by
End-Use – Percentage Breakdown of Value Sales for Residential,
Commercial and Industrial for the Years 2020 & 2027
CANADA
Table 17: Canada Current & Future Analysis for Smart Gas Meters
by Technology – Advanced Meter Infrastructure (AMI) and
Automatic Meter Reading (AMR) – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027
Table 18: Canada 7-Year Perspective for Smart Gas Meters by
Technology – Percentage Breakdown of Value Sales for Advanced
Meter Infrastructure (AMI) and Automatic Meter Reading (AMR)
for the Years 2020 & 2027
Table 19: Canada Current & Future Analysis for Smart Gas Meters
by End-Use – Residential, Commercial and Industrial –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027
Table 20: Canada 7-Year Perspective for Smart Gas Meters by
End-Use – Percentage Breakdown of Value Sales for Residential,
Commercial and Industrial for the Years 2020 & 2027
JAPAN
Smart Gas Solutions Enthuse Japanese Utilities Seeking to Build
Low Carbon, Energy-Efficient Society
Utilities Rely on Telemetering Infrastructure to Implement
Smart Gas Networks
Market Analytics
Table 21: Japan Current & Future Analysis for Smart Gas Meters
by Technology – Advanced Meter Infrastructure (AMI) and
Automatic Meter Reading (AMR) – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027
Table 22: Japan 7-Year Perspective for Smart Gas Meters by
Technology – Percentage Breakdown of Value Sales for Advanced
Meter Infrastructure (AMI) and Automatic Meter Reading (AMR)
for the Years 2020 & 2027
Table 23: Japan Current & Future Analysis for Smart Gas Meters
by End-Use – Residential, Commercial and Industrial –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027
Table 24: Japan 7-Year Perspective for Smart Gas Meters by
End-Use – Percentage Breakdown of Value Sales for Residential,
Commercial and Industrial for the Years 2020 & 2027
CHINA
China: A Lucrative Market
Market Analytics
Table 25: China Current & Future Analysis for Smart Gas Meters
by Technology – Advanced Meter Infrastructure (AMI) and
Automatic Meter Reading (AMR) – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027
Table 26: China 7-Year Perspective for Smart Gas Meters by
Technology – Percentage Breakdown of Value Sales for Advanced
Meter Infrastructure (AMI) and Automatic Meter Reading (AMR)
for the Years 2020 & 2027
Table 27: China Current & Future Analysis for Smart Gas Meters
by End-Use – Residential, Commercial and Industrial –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027
Table 28: China 7-Year Perspective for Smart Gas Meters by
End-Use – Percentage Breakdown of Value Sales for Residential,
Commercial and Industrial for the Years 2020 & 2027
EUROPE
Though COVID-19 Pandemic Halts Smart Meter Installations in
Europe, Future Prospects Remain Bright
Europe: Driving Force Behind World Smart Gas Solutions Market
Huge Gas Consumer Base Makes Europe a Ripe Market for Smart Gas
Metering Solutions
Various Approaches Possible for Smart Meter Deployments
Overview of Smart Meter Deployments across Europe
Challenges Deterring the Full-Scale Implementation of Smart Gas
Meters
Market Analytics
Table 29: Europe Current & Future Analysis for Smart Gas Meters
by Geographic Region – France, Italy, UK and Rest of Europe
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2020 through 2027
Table 30: Europe 7-Year Perspective for Smart Gas Meters by
Geographic Region – Percentage Breakdown of Value Sales for
France, Italy, UK and Rest of Europe Markets for Years 2020 &
2027
Table 31: Europe Current & Future Analysis for Smart Gas Meters
by Technology – Advanced Meter Infrastructure (AMI) and
Automatic Meter Reading (AMR) – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027
Table 32: Europe 7-Year Perspective for Smart Gas Meters by
Technology – Percentage Breakdown of Value Sales for Advanced
Meter Infrastructure (AMI) and Automatic Meter Reading (AMR)
for the Years 2020 & 2027
Table 33: Europe Current & Future Analysis for Smart Gas Meters
by End-Use – Residential, Commercial and Industrial –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027
Table 34: Europe 7-Year Perspective for Smart Gas Meters by
End-Use – Percentage Breakdown of Value Sales for Residential,
Commercial and Industrial for the Years 2020 & 2027
FRANCE
GrDF Undertakes Massive Smart Meter Project in France
Market Analytics
Table 35: France Current & Future Analysis for Smart Gas Meters
by Technology – Advanced Meter Infrastructure (AMI) and
Automatic Meter Reading (AMR) – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027
Table 36: France 7-Year Perspective for Smart Gas Meters by
Technology – Percentage Breakdown of Value Sales for Advanced
Meter Infrastructure (AMI) and Automatic Meter Reading (AMR)
for the Years 2020 & 2027
Table 37: France Current & Future Analysis for Smart Gas Meters
by End-Use – Residential, Commercial and Industrial –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027
Table 38: France 7-Year Perspective for Smart Gas Meters by
End-Use – Percentage Breakdown of Value Sales for Residential,
Commercial and Industrial for the Years 2020 & 2027
ITALY
Italy Follows Up Successful Smart Electricity Meter Rollout
with Smart Gas Meters
Major Challenges Confronting Smart Gas Meters Installation in
Italy
Market Analytics
Table 39: Italy Current & Future Analysis for Smart Gas Meters
by Technology – Advanced Meter Infrastructure (AMI) and
Automatic Meter Reading (AMR) – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027
Table 40: Italy 7-Year Perspective for Smart Gas Meters by
Technology – Percentage Breakdown of Value Sales for Advanced
Meter Infrastructure (AMI) and Automatic Meter Reading (AMR)
for the Years 2020 & 2027
Table 41: Italy Current & Future Analysis for Smart Gas Meters
by End-Use – Residential, Commercial and Industrial –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027
Table 42: Italy 7-Year Perspective for Smart Gas Meters by
End-Use – Percentage Breakdown of Value Sales for Residential,
Commercial and Industrial for the Years 2020 & 2027
UNITED KINGDOM
The UK Market Blazes the Trail with Ambitious Smart Gas
Metering Program
Market Analytics
Table 43: UK Current & Future Analysis for Smart Gas Meters by
Technology – Advanced Meter Infrastructure (AMI) and Automatic
Meter Reading (AMR) – Independent Analysis of Annual Sales in
US$ Million for the Years 2020 through 2027
Table 44: UK 7-Year Perspective for Smart Gas Meters by
Technology – Percentage Breakdown of Value Sales for Advanced
Meter Infrastructure (AMI) and Automatic Meter Reading (AMR)
for the Years 2020 & 2027
Table 45: UK Current & Future Analysis for Smart Gas Meters by
End-Use – Residential, Commercial and Industrial – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027
Table 46: UK 7-Year Perspective for Smart Gas Meters by End-Use –
Percentage Breakdown of Value Sales for Residential,
Commercial and Industrial for the Years 2020 & 2027
REST OF EUROPE
The Netherlands: Government Mandates Electricity and Gas Smart
Meter Rollout
Market Analytics
Table 47: Rest of Europe Current & Future Analysis for Smart
Gas Meters by Technology – Advanced Meter Infrastructure (AMI)
and Automatic Meter Reading (AMR) – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027
Table 48: Rest of Europe 7-Year Perspective for Smart Gas
Meters by Technology – Percentage Breakdown of Value Sales for
Advanced Meter Infrastructure (AMI) and Automatic Meter Reading
(AMR) for the Years 2020 & 2027
Table 49: Rest of Europe Current & Future Analysis for Smart
Gas Meters by End-Use – Residential, Commercial and Industrial –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027
Table 50: Rest of Europe 7-Year Perspective for Smart Gas
Meters by End-Use – Percentage Breakdown of Value Sales for
Residential, Commercial and Industrial for the Years 2020 &
2027
ASIA-PACIFIC
Robust Growth Forecasts for Smart Gas Solutions in Asia-Pacific
India: Smart Gas Metering Projects Gain Traction
Market Analytics
Table 51: Asia-Pacific Current & Future Analysis for Smart Gas
Meters by Technology – Advanced Meter Infrastructure (AMI) and
Automatic Meter Reading (AMR) – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027
Table 52: Asia-Pacific 7-Year Perspective for Smart Gas Meters
by Technology – Percentage Breakdown of Value Sales for
Advanced Meter Infrastructure (AMI) and Automatic Meter Reading
(AMR) for the Years 2020 & 2027
Table 53: Asia-Pacific Current & Future Analysis for Smart Gas
Meters by End-Use – Residential, Commercial and Industrial –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027
Table 54: Asia-Pacific 7-Year Perspective for Smart Gas Meters
by End-Use – Percentage Breakdown of Value Sales for
Residential, Commercial and Industrial for the Years 2020 &
2027
REST OF WORLD
Brazil: Growing Market for Smart Gas Technologies
Market Analytics
Table 55: Rest of World Current & Future Analysis for Smart Gas
Meters by Technology – Advanced Meter Infrastructure (AMI) and
Automatic Meter Reading (AMR) – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027
Table 56: Rest of World 7-Year Perspective for Smart Gas Meters
by Technology – Percentage Breakdown of Value Sales for
Advanced Meter Infrastructure (AMI) and Automatic Meter Reading
(AMR) for the Years 2020 & 2027
Table 57: Rest of World Current & Future Analysis for Smart Gas
Meters by End-Use – Residential, Commercial and Industrial –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027
Table 58: Rest of World 7-Year Perspective for Smart Gas Meters
by End-Use – Percentage Breakdown of Value Sales for
Residential, Commercial and Industrial for the Years 2020 &
2027
IV. COMPETITION
Total Companies Profiled: 75
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Artificial Intelligence
More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024
Grace Sun, 16, receives $75,000 Top Award for a new kind of organic electrochemical transistor at the world’s largest pre-college science, technology, engineering and math (STEM) competition.
TARRYTOWN, N.Y. and WASHINGTON, May 17, 2024 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Society for Science (the Society) announced that Grace Sun, 16, of Lexington, Kentucky, won the $75,000 top award, the George D. Yancopoulos Innovator Award, named in honor of the pioneering drug researcher and Regeneron co-Founder, Board co-Chair, President and Chief Scientific Officer, in the 2024 Regeneron International Science and Engineering Fair (Regeneron ISEF), the world’s largest pre-college science and engineering competition. Other top prizes went to projects in second-order cone programming, microplastics filtration and multi-sensory therapy for dementia.
The top winners were honored during two award ceremonies: the Special Awards on May 16 and the Grand Awards Ceremony on the morning of May 17. In total, over $9 million USD was awarded to the finalists based on their projects’ creativity, innovation and depth of scientific inquiry. The competition featured nearly 2,000 young scientists representing 49 U.S. states and nearly 70 countries, regions and territories across the world.
Grace Sun, 16, of Lexington, Kentucky, won first place and received the $75,000 George D. Yancopoulos Innovator Award for her research on building a better organic electrochemical transistor that she hopes will be used to develop new electronic devices that could help detect and treat serious illnesses like diabetes, epilepsy and organ failure. To overcome the problems that have previously prevented such devices from working effectively inside the body, Grace developed a new way of chemically treating their organic components, which greatly improved their laboratory performance.
Michelle Wei, 17, of San Jose, California, received one of two Regeneron Young Scientist Awards of $50,000 for her research to improve the speed and efficiency of a type of software that is useful in many fields such as machine learning, transportation and financial systems. Michelle’s new approach involved determining a quick approximate solution to the second-order cone programming problem, then splitting the initial cone into smaller cones, which enabled her new algorithm to greatly outperform previous approaches.
Krish Pai, 17, of Del Mar, California, received the second Regeneron Young Scientist Award of $50,000 for his machine-learning research to identify microbial genetic sequences that can be modified to biodegrade plastic. His new software, called Microby, scans databases of microorganisms and determines which ones can be changed genetically to biodegrade plastics. In tests, he identified two microorganisms that can be genetically modified to degrade plastic at a cost he believes would be ten times less than traditional recycling.
“Congratulations to the Regeneron International Science and Engineering Fair 2024 winners,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News. “I’m truly inspired by the ingenuity and determination shown by these remarkable students. Coming from around the world with diverse backgrounds and academic disciplines, these students have shown that it is possible to come together in unity to tackle some of the toughest challenges facing our world today, and I could not be prouder.”
Regeneron ISEF provides a global stage for the world’s best and brightest young scientists and engineers. Through this competition, Regeneron and the Society are fostering the next generation of STEM leaders who are pioneering solutions to improve our world. Since 2020, Regeneron has provided STEM experiences to approximately 2.4 million students, on track to meet its goal of 2.5 million by 2025.
“The talent, intelligence and potential of this year’s Regeneron ISEF finalists is truly inspiring, and I congratulate each on their remarkable achievements,” said George D. Yancopoulos, M.D., Ph.D., co-Founder, Board co-Chair, President and Chief Scientific Officer of Regeneron. “Science competitions like ISEF were pivotal in shaping my own career and fueling my passion to fight back against disease. I look forward to seeing these students continue to push the boundaries of science and technology to create positive and sustainable change for all humanity.”
Other top honors from the competition include:
Justin Huang and Victoria Ou, both 17, of Woodlands, Texas, received the Gordon E. Moore Award for Positive Outcomes for Future Generations of $50,000 for their new prototype filtration system that uses ultrasonic waves to remove microscopic plastic particles from water. In lab tests, the acoustic force from the high-frequency sound waves removed between 84% and 94% of the suspended microplastic particles in a single pass. The students are now working to scale up and fine-tune their experimental system.
Ingrid Wai Hin Chan, 17, of Hong Kong, China received the Craig R. Barrett Award for Innovation of $10,000 for her research on using a multi-sensory therapy for dementia patients. Her mixed therapy app would allow patients to practice physical and cognitive skills through a personalized, immersive environment using virtual reality headsets. Ingrid conducted an eight-week study with six people living with dementia and found that the cognitive function of patients who used her prototype improved in several areas. She believes her app could serve as a viable option for dementia patients with limited access to in-person professional therapy.
Tanishka Balaji Aglave, 15, of Valrico, Florida, received the H. Robert Horvitz Prize for Fundamental Research of $10,000 for her investigation into a natural alternative treatment against citrus greening, a disease that threatens citrus farming in many parts of the world and is currently only treated with antibiotics. Tanishka injected the trunks of infected trees with an extract from the curry leaf tree, and found through tests that this potential method could effectively and sustainably manage citrus greening disease.
Maddux Alexander Springer, 18, of Honolulu, Hawaii, received the Peggy Scripps Award for Science Communication of $10,000 for his research into fibropapillomatosis (FP), a disease that is the primary cause of death in green sea turtles. Some turtles he studied in Kaneohe Bay, Hawaii, were stricken with a disease that causes internal and external tumors that inhibit their everyday lives. After analyzing the turtles’ diet of green algae, Maddux concluded that this disease, wastewater, invasive algae and the amino acid arginine all pose a grave risk to these endangered sea creatures.
Ria Kamat, 17, of Hackensack, New Jersey; Anna Oliva, 17, of Houston, TX; and Shuhan Luo, 18, of Worcester, MA, received the Dudley R. Herschbach SIYSS Award, which provides finalists an all-expense paid trip to attend the Stockholm International Youth Science Seminar during Nobel Week in Stockholm, Sweden.
Jack Shannon, 18, of Clane, Kildare, Ireland, and Nikhil Vemuri, 17, of Cary, North Carolina, received the EU Contest for Young Scientists Award. Their projects will represent Regeneron ISEF at the EU Contest for Young Scientists to be held this September in Katowice, Poland.
For more information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
The full list of Special Award ISEF 2024 Finalists can be found at https://www.societyforscience.org/press-release/regeneron-isef-2024-special-awards-winners.
In addition to the Top Award winners, more than 450 finalists received awards and prizes for their innovative research, including “First Award” winners, who each received a $5,000 prize.
The following lists the First Award winners for each of the 22 categories, from which the Top Awards were chosen:
Animal Sciences, sponsored by Society for ScienceMaddux Alexander Springer, Honolulu, Hawaii
Behavioral and Social Sciences, sponsored by Society for ScienceAndrew Y. Liang, San Jose, California
Biochemistry, sponsored by RegeneronAmy Hong Xiao, Garden City, New York
Biomedical and Health Sciences, sponsored by RegeneronRia Kamat, Hackensack, New Jersey; Kevin Xuan Lei, Shanghai, China
Biomedical Engineering, sponsored by Alfred E. Mann CharitiesAyush Garg, Dublin, California; Divij Motwani, Palo Alto, California; Akash Ashish Pai, Portland, Oregon
Cellular and Molecular Biology, sponsored by RegeneronLara and Maya Sarah Hammoud, Beverly Hills, Michigan
Chemistry, sponsored by Society for ScienceAkilan Sankaran, Albuquerque, New Mexico; Arjun Suresh Malpani and Siddharth Daniel D’costa, Portland, Oregon
Computational Biology and Bioinformatics, sponsored by RegeneronKun-Hyung Roh, Bronx, New York
Earth and Environmental Sciences, sponsored by Google.orgNikhil Vemuri, Durham, North Carolina; Justin Yizhou Huang and Victoria Ou, The Woodlands, Texas
Embedded Systems, sponsored by HPChloe Rae and Sophie Rose Filion, Welland, Ontario, Canada
Energy: Sustainable Materials and Design, sponsored by Siemens EnergyAlia Wahban, Hamilton, Ontario, Canada
Engineering Technology: Statics and Dynamics, sponsored by Howmet Aerospace FoundationChiyo Nakatsuji, Bunkyoku, Tokyo, Japan; Kevin Shen, Olympia, Washington
Environmental Engineering, sponsored by JacobsKrish Pai, San Diego, California; Jack Shannon, Clane, Kildare, Ireland
Materials Science, sponsored by Howmet Aerospace FoundationGrace Sun, Lexington, Kentucky
Mathematics, sponsored by Akamai FoundationAnna Oliva, Houston, Texas
Microbiology, sponsored by Schattner FoundationMatthew Chang, Irvine, California
Physics and Astronomy, sponsored by Richard F. Caris Charitable Trust IIHarini Thiagarajan and Vishal Ranganath Yalla, Bothell, Washington; Shuhan Luo, Worcester, Massachusetts
Plant Sciences, sponsored by Society for SciencePauline Estrada, Fresno, California; Tanishka Balaji Aglave, Dover, Florida
Robotics and Intelligent Machines, sponsored by RegeneronMichal Lajciak, Dubnica nad Vahom, Trenciansky kraj, Slovakia; Anthony Efthimiadis, Oakville, Ontario, Canada
Systems Software, sponsored by MicrosoftMichelle Wei, San Jose, California
Technology Enhances the Arts, sponsored by Society for ScienceAnant Khandelwal, Sritan Motati and Siddhant Sood, Alexandria, Virginia
Translational Medical Science, sponsored by RegeneronZheng-Chi Lee, West Lafayette, Indiana; Ingrid Wai Hin Chan, Hong Kong, China
The full list of all award-winning ISEF 2024 finalists is available here: https://www.societyforscience.org/press-release/regeneron-isef-2024-full-awards.
View all the finalists’ research here: https://projectboard.world/isef.
About the Regeneron International Science and Engineering FairThe Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science for over 70 years, is the world’s largest global science competition for high school students. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $9 million in awards and scholarships.
In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, including Akamai Foundation, Alfred E. Mann Charities, Aramco, Caltech, Google.org, Gordon and Betty Moore Foundation, Howmet Aerospace Foundation, HP, , Jacobs, King Abdulaziz & his Companions Foundation for Giftedness and Creativity, Microsoft, National Geographic Society, Richard F. Caris Charitable Trust II, Rise, an initiative of Schmidt Futures and the Rhodes Trust, Schattner Foundation, Siemens Energy, Annenburg Foundation, Ballmer Group, Broadcom Foundation, Cesco Linguistic Services, Conrad N. Hilton Foundation, Edison International, Insaco, Oracle Academy, The Eli and Edythe Broad Foundation, The Ralph M. Parsons Foundation and US Army ROTC. Many are entrepreneurs across a wide range of industries. Learn more at https://www.societyforscience.org/isef/.
About Society for ScienceSociety for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge, and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).
About RegeneronRegeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases and rare diseases.
Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious diseases, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most “community-minded” companies in the U.S. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro bono and matching gift programs. Our most significant philanthropic commitments are in the area of early science education, including the Regeneron Science Talent Search and the Regeneron International Science and Engineering Fair (ISEF).
For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.
More information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
Media ContactsJoseph Brown, [email protected]
Gayle Kansagor, Society for [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/more-than-9-million-awarded-to-high-school-scientists-and-engineers-at-the-regeneron-international-science-and-engineering-fair-2024-302149316.html
Artificial Intelligence
J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit
In conjunction with Abu Dhabi Global Healthcare Week 2024
ABU DHABI, UAE, May 17, 2024 /PRNewswire/ — J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Group announced today Rayees Rahman of Harmonic Discovery as the winner of the inaugural J.P. Morgan Asset Management: Life Sciences Innovation Summit. Harmonic Discovery is a precision pharmacology company applying its generative chemistry platform to advance next-generation kinase inhibitors.
In partnership with the Department of Health – Abu Dhabi (DoH), the Summit took place on May 14-15, 2024 at Cleveland Clinic Abu Dhabi and showcased the 11 innovative finalists, as well as highlighted existing innovators and opportunities in the Emirate of Abu Dhabi. The event also featured keynote speeches from Dr. Laurie Glimcher of Dana-Farber Cancer Institute, Dr. Shahrukh Hashmi of the Department of Health – Abu Dhabi, and Dr. David Ho of Columbia University Medical Center and provided attendees networking opportunities to gain valuable insights into the future of life sciences innovation.
In addition, the jury designated Chun-Hao Huang of Algen Biotechnologies as honourable mention. Algen Biotechnologies is a platform therapeutics and drug discovery company using world-leading CRISPR and AI to find treatments for cancer, inflammation and metabolic diseases.
The winners were selected by an esteemed, international panel of judges, which included:Laurie Glimcher, MD, President and CEO at Dana-Farber Cancer InstituteJorge Guzman, MD, CEO at Cleveland Clinic Abu DhabiProf. Shahrukh Khurshid Hashmi, MD, Director of Research, Department of Health, Abu DhabiYasmine Hayek Kobeissi, PhD, CQF, BSc., Executive Director at Blue Horizon AdvisorsAnya Schiess, Managing Partner at J.P. Morgan Life Sciences Private CapitalWalid Zaher, PhD, Co-Founder and CEO, Carexso
Dr. Asma Al Mannaei, Executive Director of the Research and Innovation Centre at the Department of Health – Abu Dhabi said: “Under the directives of the UAE’s wise leadership, and renowned for its world-leading medical infrastructure, Abu Dhabi stands at the forefront of healthcare excellence, offering an unparalleled opportunity for advancement in healthcare for global partners. It was our utmost pleasure hosting the J.P. Morgan Asset Management Life Sciences Innovation Summit 2024 on the sidelines of Abu Dhabi Global Healthcare Week and we commend the winners for their pioneering efforts in driving impactful advancements in healthcare; their dedication to innovation not only transforms the landscape of medicine, but also holds the promise of improving lives worldwide.”
Stephen Squinto, PhD, Chief Investment Officer, J.P. Morgan Life Sciences Private Capital said: “We are thrilled with the level of biotech passion and innovation that we observed at this year’s Summit in Abu Dhabi. The energy was truly palpable we are thrilled to announce Rayees Rahman as the winner of our first Life Sciences Innovation Summit. Harmonic Discovery’s approach embodies the next generation of drug discovery and development. We appreciate the time and effort of all participants and cannot wait for our next event in the region.”
Nabil Kobeissi, Chief Executive Officer of Blue Horizon Advisors, said: “As the main sponsor, we are committed to nurturing and fostering the growth of all 11 finalists in this vibrant biotech ecosystem. This Summit marks the beginning of a transformative journey, and we are confident that it will pave the way for a flourishing hub in the region. We are also pleased to announce that we will commit to invest in and partner with the winner, Harmonic Discovery, to support its future growth in the region.”
Sponsors for the event included J.P. Morgan Life Sciences Private Capital, J.P. Morgan Commercial Bank, Blue Horizon Advisors, United Al Saqer Group, Thermo Fisher Scientific, and Salam Capital. The Summit organisation, logistics and finalist recruitment were facilitated by Lyfebulb.
Of importance, at the Summit, Mr. Mohamed Al Breiki, Executive Director of Sustainable Development at Masdar City, announced that Masdar City Free Zone would award all 11 Finalists complimentary business licenses to further support their establishment in the region. Masdar City is one of the world’s most sustainable urban developments and innovation hubs with a growing focus on life science entrepreneurship in Abu Dhabi.
View original content:https://www.prnewswire.co.uk/news-releases/jp-morgan-life-sciences-private-capital-blue-horizon-advisors-and-united-al-saqer-announce-winner-of-inaugural-2024-life-sciences-innovation-summit-302149186.html
Artificial Intelligence
Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024
SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.
Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure
At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.
According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.
Steering Data Centers to the AI Era with Product + Service + Ecosystem
During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.
To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.
Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.
The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.
During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.
In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.
On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.
A single tree cannot make a forest.
AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.
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View original content:https://www.prnewswire.co.uk/news-releases/congregating-in-the-lion-city-for-a-win-win-future-of-intelligent-computing-at-the-global-data-center-facility-summit-2024-302148973.html
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