Artificial Intelligence
Global Forklift Industry
New York, Oct. 23, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Forklift Industry” – https://www.reportlinker.com/p05798622/?utm_source=GNW
Self-aware, self-optimized, self-configured equipment with the ability to wirelessly communicate with each other; advanced networking; real-time controls; more closer alignment of business management and plant floor activities and supply chains; additive manufacturing are few of the disruptive smart factory trends currently underway. Among these, “automation” lies at the heart of the smart factory concept. Almost like the beating heart, automation provides the foundation for the creation of knowledge-embedded manufacturing operations. Automating labor intensive operations is the starting point for automation, and as the most labor intensive process in manufacturing and warehousing, material handling is at the bottom of the automation pyramid. Defined as the movement of products and materials throughout the manufacturing process, material handling is labor intensive and expensive. Benefits of automating material handling include reduced human role in unproductive, repetitive and labor intensive tasks and the ensuing freeing up of resources for other core activities; greater throughput capability; better space utilization; increased production control; inventory control; improved stock rotation; reduced operation cost; improved worker safety; reduced losses from damage; and reduction in handling costs.
Forklifts are an essential piece of material handling equipment. They are powered industrial trucks used for moving large quantities of materials around the plant floor and assembly lines and also for loading goods onto delivery trucks. Used in the manufacturing industry for over 50 years, demand for forklifts will benefit in the midst of concepts like industry 4.0 and lights-out manufacturing and the significant capital earmarked for `smart` machinery. Innovations like driverless forklifts and autonomous forklifts will bring in the highest gains in the market in the coming years. Autonomous forklift eliminates need for human supervision and accomplishes tasks in a cost and time effective manner. Developments in sensors (Lidar) and intelligent sensing, sensor fusion, robotics and artificial intelligence are all helping automate driving and operation of forklifts in industrial complexes. Continuous technology advancements in the future will likely witness these machines become completely self-reliant, marking the first step in the much fantasized scenario where automation continues 24/7 even when the factory lights go out. The United States and Europe represent large markets worldwide with a combined share of 49.8% of the market. China ranks as the fastest growing market with a CAGR of 3.8% over the analysis period supported by the Made in China (MIC) 2025 initiative that aims to bring the country’s massive manufacturing and production sector into the forefront of global technology competitiveness. Faced with new and changing economic forces, the Chinese government through this initiative is stepping up investments in cutting edge robotics, automation and digital IT technologies to competitively integrate into the global manufacturing chain dominated by industrialized economies such as EU, Germany and the United States and move from being a low cost competitor to a direct added-value competitor.
Read the full report: https://www.reportlinker.com/p05798622/?utm_source=GNW
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Material Handling Equipment (MHE): An Introduction
Forklift: Integral Part of MHE
Types of Forklifts
Counterbalanced Forklift
Warehousing Forklifts
Forklift by Fuel Types
Diesel
Electric
Gasoline & LPG/CNG
Forklift by Tonnage Capacity
Less than 5 Ton
5 Ton to 10 Ton
11 Ton to 36 Ton
Classification by Forklift Classes
Born Out of Necessity, Forklifts Surge Ahead on the e-Commerce
Boom
Developed Markets: Traditional Revenue Contributors
Developing Countries Turbo Charge Future Market Growth
Diesel Forklifts Making Way for Electric Forklifts
Manufacturing Application Segment to Maintain its Dominance
Global Economic Outlook: GDP Growth and Forklifts Market
Real GDP Growth Rates in % by Country/Region for the Years 2017
through 2020
Competitive Scenario
Global Competitor Market Shares
Forklift Competitor Market Share Scenario Worldwide (in %):
2019 and 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Anhui Heli Co., Ltd. (China)
CLARK Material Handling Company (CMHC) (USA)
Combilift Material Handling Solutions (Ireland)
Crown Equipment Corporation (USA)
Godrej Material Handling (India)
HANGCHA GROUP CO., LTD (China)
Hyster-Yale Materials Handling, Inc. (USA)
Jungheinrich AG (Germany)
KION Group AG (Germany)
Komatsu Ltd. (Japan)
Lonking Holdings Limited (China)
Mitsubishi Logisnext Co., Ltd. (Japan)
Toyota Industries Corporation (Japan)
3. MARKET TRENDS & DRIVERS
Increasing Popularity of Fuel cell-powered Forklifts Drives the
Global Forklift Market
Myriad Benefits to Broaden Battery-operated Forklifts Application
Automated Forklifts Rise in Prominence
Electric Forklifts Gain Traction
Emphasis on Green Warehousing Steers Demand for Electric Forklifts
Forklift Tires Market: Characterized by Growing Demand for
Solid and Non-Marking Tires
Lift Truck Made a Part of the Connected Enterprise Ecosystem
World Warehouse Management Systems (WMS) Market Revenues in US$
Million for Years 2015, 2017, 2019 and 2021
Forklifts Emerge as an Important Material Handling System for
the Logistics and Shipping Industry
Global Logistics Market Revenues in US$ Billion for the Years
2019, 2021, 2023 and 2025
Third Party Logistics (3PL): Expanding in Industrial
Manufacturing, Retail and Wholesale Sectors
Global 3PL Market Revenue Share by End-Use Sector (2019)
Expanding Retail Industry Generates Significant Opportunities
Global Retail Sector Revenue Share by Product Category (2019)
Transition of Material Handling Operations in Automobile
Industry Augurs Well for Forklifts Market
Global Passenger Cars Production (In Million Units) by
Geographic Region/Country for the Years 2017, 2019, 2022
With Global E-Commerce Sales Skyrocketing, Growth in E-Commerce
Warehouses Spurs Need for Forklifts
Global B2C E-Commerce Sales in US$ Trillion for the Years 2017,
2019, 2021 and 2023
Global E-Commerce Market as a % of Retail Sales for the Period
2017-2023
Leading Retail E-Commerce Countries Worldwide: Ranked by Sales
in $ Billion for 2019E
Online Shopping Trend and Need to Improve Warehouse
Efficiencies Drive Investments into Forklifts
Healthy Growth of Construction Sector Presents Favorable
Outlook for Forklifts Market
Global Construction Equipment Market: Revenues in US$ Billion
for the Years 2019, 2021, 2023 and 2025
Technological Advancements Accelerate Market Expansion
Technological Developments also Aim at Increasing Productivity
Key Challenges
Manufactures Face Challenges Producing Rough-Terrain Forklifts
Introduction of Robotic based Humanless Warehouse: A Threat to
the Market
Rising Concerns over Forklift-related Safety Issues Restrain
Market Growth
Regulatory Framework in the Forklift Sector
Percentage Breakdown of Number of Fatalities Attributed to
Forklifts by Type of Accident in the US
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Forklift by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027
Table 2: World Historic Review for Forklift by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019
Table 3: World 15-Year Perspective for Forklift by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets for Years 2012, 2020 & 2027
Table 4: World Current & Future Analysis for Diesel by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027
Table 5: World Historic Review for Diesel by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019
Table 6: World 15-Year Perspective for Diesel by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027
Table 7: World Current & Future Analysis for Electric by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027
Table 8: World Historic Review for Electric by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019
Table 9: World 15-Year Perspective for Electric by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027
Table 10: World Current & Future Analysis for Gasoline &
LPG/CNG by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027
Table 11: World Historic Review for Gasoline & LPG/CNG by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019
Table 12: World 15-Year Perspective for Gasoline & LPG/CNG by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 13: World Current & Future Analysis for Manufacturing by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027
Table 14: World Historic Review for Manufacturing by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019
Table 15: World 15-Year Perspective for Manufacturing by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 16: World Current & Future Analysis for Wholesale &
Retail Distribution by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Thousand for Years 2020 through 2027
Table 17: World Historic Review for Wholesale & Retail
Distribution by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019
Table 18: World 15-Year Perspective for Wholesale & Retail
Distribution by Geographic Region – Percentage Breakdown of
Value Sales for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa for Years
2012, 2020 & 2027
Table 19: World Current & Future Analysis for Freight &
Logistics by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027
Table 20: World Historic Review for Freight & Logistics by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019
Table 21: World 15-Year Perspective for Freight & Logistics by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 22: World Current & Future Analysis for Other
Applications by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027
Table 23: World Historic Review for Other Applications by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019
Table 24: World 15-Year Perspective for Other Applications by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
An Overview of Material Handling Equipment Market
United States Material Handling Equipment Market Share
Breakdown by Segment: 2019
Developing E-Commerce Industry Drives Growth in Automated Systems
E-Commerce Retail Sales in the US as % of Total Retail Sales:
(2015-2021)
Focus Heightens on Sustainable Solutions
Demand on Rise for Electric Forklifts
Competitive Landscape
Market Analytics
Table 25: USA Current & Future Analysis for Forklift by Fuel
Type – Diesel, Electric and Gasoline & LPG/CNG – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 26: USA Historic Review for Forklift by Fuel Type –
Diesel, Electric and Gasoline & LPG/CNG Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019
Table 27: USA 15-Year Perspective for Forklift by Fuel Type –
Percentage Breakdown of Value Sales for Diesel, Electric and
Gasoline & LPG/CNG for the Years 2012, 2020 & 2027
Table 28: USA Current & Future Analysis for Forklift by
Application – Manufacturing, Wholesale & Retail Distribution,
Freight & Logistics and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 29: USA Historic Review for Forklift by Application –
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019
Table 30: USA 15-Year Perspective for Forklift by Application –
Percentage Breakdown of Value Sales for Manufacturing,
Wholesale & Retail Distribution, Freight & Logistics and Other
Applications for the Years 2012, 2020 & 2027
CANADA
Market Overview
Material Handling Equipment Market in Canada: Percentage Share
Breakdown of Sales by Segment for 2019
Market Analytics
Table 31: Canada Current & Future Analysis for Forklift by Fuel
Type – Diesel, Electric and Gasoline & LPG/CNG – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 32: Canada Historic Review for Forklift by Fuel Type –
Diesel, Electric and Gasoline & LPG/CNG Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019
Table 33: Canada 15-Year Perspective for Forklift by Fuel Type –
Percentage Breakdown of Value Sales for Diesel, Electric and
Gasoline & LPG/CNG for the Years 2012, 2020 & 2027
Table 34: Canada Current & Future Analysis for Forklift by
Application – Manufacturing, Wholesale & Retail Distribution,
Freight & Logistics and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 35: Canada Historic Review for Forklift by Application –
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019
Table 36: Canada 15-Year Perspective for Forklift by
Application – Percentage Breakdown of Value Sales for
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications for the Years 2012, 2020 &
2027
JAPAN
Table 37: Japan Current & Future Analysis for Forklift by Fuel
Type – Diesel, Electric and Gasoline & LPG/CNG – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 38: Japan Historic Review for Forklift by Fuel Type –
Diesel, Electric and Gasoline & LPG/CNG Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019
Table 39: Japan 15-Year Perspective for Forklift by Fuel Type –
Percentage Breakdown of Value Sales for Diesel, Electric and
Gasoline & LPG/CNG for the Years 2012, 2020 & 2027
Table 40: Japan Current & Future Analysis for Forklift by
Application – Manufacturing, Wholesale & Retail Distribution,
Freight & Logistics and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 41: Japan Historic Review for Forklift by Application –
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019
Table 42: Japan 15-Year Perspective for Forklift by Application –
Percentage Breakdown of Value Sales for Manufacturing,
Wholesale & Retail Distribution, Freight & Logistics and Other
Applications for the Years 2012, 2020 & 2027
CHINA
Market Overview
Chinese Material Handling Equipment Market by Segment:
Percentage Breakdown of Sales for 2019
Chinese Forklift Manufacturers Aim for Overseas Markets
Market Analytics
Table 43: China Current & Future Analysis for Forklift by Fuel
Type – Diesel, Electric and Gasoline & LPG/CNG – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 44: China Historic Review for Forklift by Fuel Type –
Diesel, Electric and Gasoline & LPG/CNG Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019
Table 45: China 15-Year Perspective for Forklift by Fuel Type –
Percentage Breakdown of Value Sales for Diesel, Electric and
Gasoline & LPG/CNG for the Years 2012, 2020 & 2027
Table 46: China Current & Future Analysis for Forklift by
Application – Manufacturing, Wholesale & Retail Distribution,
Freight & Logistics and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 47: China Historic Review for Forklift by Application –
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019
Table 48: China 15-Year Perspective for Forklift by Application –
Percentage Breakdown of Value Sales for Manufacturing,
Wholesale & Retail Distribution, Freight & Logistics and Other
Applications for the Years 2012, 2020 & 2027
EUROPE
Market Overview
European Material Handling Equipment Market Share Breakdown by
Segment: 2019
Market Analytics
Table 49: Europe Current & Future Analysis for Forklift by
Geographic Region – France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets – Independent Analysis of Annual
Sales in US$ Thousand for Years 2020 through 2027
Table 50: Europe Historic Review for Forklift by Geographic
Region – France, Germany, Italy, UK, Spain, Russia and Rest of
Europe Markets – Independent Analysis of Annual Sales in US$
Thousand for Years 2012 through 2019
Table 51: Europe 15-Year Perspective for Forklift by Geographic
Region – Percentage Breakdown of Value Sales for France,
Germany, Italy, UK, Spain, Russia and Rest of Europe Markets
for Years 2012, 2020 & 2027
Table 52: Europe Current & Future Analysis for Forklift by Fuel
Type – Diesel, Electric and Gasoline & LPG/CNG – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 53: Europe Historic Review for Forklift by Fuel Type –
Diesel, Electric and Gasoline & LPG/CNG Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019
Table 54: Europe 15-Year Perspective for Forklift by Fuel Type –
Percentage Breakdown of Value Sales for Diesel, Electric and
Gasoline & LPG/CNG for the Years 2012, 2020 & 2027
Table 55: Europe Current & Future Analysis for Forklift by
Application – Manufacturing, Wholesale & Retail Distribution,
Freight & Logistics and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 56: Europe Historic Review for Forklift by Application –
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019
Table 57: Europe 15-Year Perspective for Forklift by
Application – Percentage Breakdown of Value Sales for
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications for the Years 2012, 2020 &
2027
FRANCE
Table 58: France Current & Future Analysis for Forklift by Fuel
Type – Diesel, Electric and Gasoline & LPG/CNG – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 59: France Historic Review for Forklift by Fuel Type –
Diesel, Electric and Gasoline & LPG/CNG Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019
Table 60: France 15-Year Perspective for Forklift by Fuel Type –
Percentage Breakdown of Value Sales for Diesel, Electric and
Gasoline & LPG/CNG for the Years 2012, 2020 & 2027
Table 61: France Current & Future Analysis for Forklift by
Application – Manufacturing, Wholesale & Retail Distribution,
Freight & Logistics and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 62: France Historic Review for Forklift by Application –
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019
Table 63: France 15-Year Perspective for Forklift by
Application – Percentage Breakdown of Value Sales for
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications for the Years 2012, 2020 &
2027
GERMANY
Market Overview
German Material Handling Equipment Market Share Breakdown by
Segment: 2019
Market Analytics
Table 64: Germany Current & Future Analysis for Forklift by
Fuel Type – Diesel, Electric and Gasoline & LPG/CNG –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027
Table 65: Germany Historic Review for Forklift by Fuel Type –
Diesel, Electric and Gasoline & LPG/CNG Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019
Table 66: Germany 15-Year Perspective for Forklift by Fuel Type –
Percentage Breakdown of Value Sales for Diesel, Electric and
Gasoline & LPG/CNG for the Years 2012, 2020 & 2027
Table 67: Germany Current & Future Analysis for Forklift by
Application – Manufacturing, Wholesale & Retail Distribution,
Freight & Logistics and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 68: Germany Historic Review for Forklift by Application –
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019
Table 69: Germany 15-Year Perspective for Forklift by
Application – Percentage Breakdown of Value Sales for
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications for the Years 2012, 2020 &
2027
ITALY
Brief Market Overview
Italian Material Handling Equipment Market by Segment:
Percentage Breakdown of Sales for 2019
Market Analytics
Table 70: Italy Current & Future Analysis for Forklift by Fuel
Type – Diesel, Electric and Gasoline & LPG/CNG – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 71: Italy Historic Review for Forklift by Fuel Type –
Diesel, Electric and Gasoline & LPG/CNG Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019
Table 72: Italy 15-Year Perspective for Forklift by Fuel Type –
Percentage Breakdown of Value Sales for Diesel, Electric and
Gasoline & LPG/CNG for the Years 2012, 2020 & 2027
Table 73: Italy Current & Future Analysis for Forklift by
Application – Manufacturing, Wholesale & Retail Distribution,
Freight & Logistics and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 74: Italy Historic Review for Forklift by Application –
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019
Table 75: Italy 15-Year Perspective for Forklift by Application –
Percentage Breakdown of Value Sales for Manufacturing,
Wholesale & Retail Distribution, Freight & Logistics and Other
Applications for the Years 2012, 2020 & 2027
UNITED KINGDOM
Table 76: UK Current & Future Analysis for Forklift by Fuel
Type – Diesel, Electric and Gasoline & LPG/CNG – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 77: UK Historic Review for Forklift by Fuel Type –
Diesel, Electric and Gasoline & LPG/CNG Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019
Table 78: UK 15-Year Perspective for Forklift by Fuel Type –
Percentage Breakdown of Value Sales for Diesel, Electric and
Gasoline & LPG/CNG for the Years 2012, 2020 & 2027
Table 79: UK Current & Future Analysis for Forklift by
Application – Manufacturing, Wholesale & Retail Distribution,
Freight & Logistics and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 80: UK Historic Review for Forklift by Application –
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019
Table 81: UK 15-Year Perspective for Forklift by Application –
Percentage Breakdown of Value Sales for Manufacturing,
Wholesale & Retail Distribution, Freight & Logistics and Other
Applications for the Years 2012, 2020 & 2027
SPAIN
Table 82: Spain Current & Future Analysis for Forklift by Fuel
Type – Diesel, Electric and Gasoline & LPG/CNG – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 83: Spain Historic Review for Forklift by Fuel Type –
Diesel, Electric and Gasoline & LPG/CNG Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019
Table 84: Spain 15-Year Perspective for Forklift by Fuel Type –
Percentage Breakdown of Value Sales for Diesel, Electric and
Gasoline & LPG/CNG for the Years 2012, 2020 & 2027
Table 85: Spain Current & Future Analysis for Forklift by
Application – Manufacturing, Wholesale & Retail Distribution,
Freight & Logistics and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 86: Spain Historic Review for Forklift by Application –
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019
Table 87: Spain 15-Year Perspective for Forklift by Application –
Percentage Breakdown of Value Sales for Manufacturing,
Wholesale & Retail Distribution, Freight & Logistics and Other
Applications for the Years 2012, 2020 & 2027
RUSSIA
Table 88: Russia Current & Future Analysis for Forklift by Fuel
Type – Diesel, Electric and Gasoline & LPG/CNG – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 89: Russia Historic Review for Forklift by Fuel Type –
Diesel, Electric and Gasoline & LPG/CNG Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019
Table 90: Russia 15-Year Perspective for Forklift by Fuel Type –
Percentage Breakdown of Value Sales for Diesel, Electric and
Gasoline & LPG/CNG for the Years 2012, 2020 & 2027
Table 91: Russia Current & Future Analysis for Forklift by
Application – Manufacturing, Wholesale & Retail Distribution,
Freight & Logistics and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 92: Russia Historic Review for Forklift by Application –
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019
Table 93: Russia 15-Year Perspective for Forklift by
Application – Percentage Breakdown of Value Sales for
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications for the Years 2012, 2020 &
2027
REST OF EUROPE
Table 94: Rest of Europe Current & Future Analysis for Forklift
by Fuel Type – Diesel, Electric and Gasoline & LPG/CNG –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027
Table 95: Rest of Europe Historic Review for Forklift by Fuel
Type – Diesel, Electric and Gasoline & LPG/CNG Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019
Table 96: Rest of Europe 15-Year Perspective for Forklift by
Fuel Type – Percentage Breakdown of Value Sales for Diesel,
Electric and Gasoline & LPG/CNG for the Years 2012, 2020 & 2027
Table 97: Rest of Europe Current & Future Analysis for Forklift
by Application – Manufacturing, Wholesale & Retail
Distribution, Freight & Logistics and Other Applications –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027
Table 98: Rest of Europe Historic Review for Forklift by
Application – Manufacturing, Wholesale & Retail Distribution,
Freight & Logistics and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019
Table 99: Rest of Europe 15-Year Perspective for Forklift by
Application – Percentage Breakdown of Value Sales for
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications for the Years 2012, 2020 &
2027
ASIA-PACIFIC
Market Overview & Outlook
Asia-Pacific Material Handling Equipment Market Share Analysis
by Segment: 2019
Competitive Scenario
Market Analytics
Table 100: Asia-Pacific Current & Future Analysis for Forklift
by Geographic Region – Australia, India, South Korea and Rest
of Asia-Pacific Markets – Independent Analysis of Annual Sales
in US$ Thousand for Years 2020 through 2027
Table 101: Asia-Pacific Historic Review for Forklift by
Geographic Region – Australia, India, South Korea and Rest of
Asia-Pacific Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019
Table 102: Asia-Pacific 15-Year Perspective for Forklift by
Geographic Region – Percentage Breakdown of Value Sales for
Australia, India, South Korea and Rest of Asia-Pacific Markets
for Years 2012, 2020 & 2027
Table 103: Asia-Pacific Current & Future Analysis for Forklift
by Fuel Type – Diesel, Electric and Gasoline & LPG/CNG –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027
Table 104: Asia-Pacific Historic Review for Forklift by Fuel
Type – Diesel, Electric and Gasoline & LPG/CNG Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019
Table 105: Asia-Pacific 15-Year Perspective for Forklift by
Fuel Type – Percentage Breakdown of Value Sales for Diesel,
Electric and Gasoline & LPG/CNG for the Years 2012, 2020 & 2027
Table 106: Asia-Pacific Current & Future Analysis for Forklift
by Application – Manufacturing, Wholesale & Retail
Distribution, Freight & Logistics and Other Applications –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027
Table 107: Asia-Pacific Historic Review for Forklift by
Application – Manufacturing, Wholesale & Retail Distribution,
Freight & Logistics and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019
Table 108: Asia-Pacific 15-Year Perspective for Forklift by
Application – Percentage Breakdown of Value Sales for
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications for the Years 2012, 2020 &
2027
AUSTRALIA
Table 109: Australia Current & Future Analysis for Forklift by
Fuel Type – Diesel, Electric and Gasoline & LPG/CNG –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027
Table 110: Australia Historic Review for Forklift by Fuel Type –
Diesel, Electric and Gasoline & LPG/CNG Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019
Table 111: Australia 15-Year Perspective for Forklift by Fuel
Type – Percentage Breakdown of Value Sales for Diesel, Electric
and Gasoline & LPG/CNG for the Years 2012, 2020 & 2027
Table 112: Australia Current & Future Analysis for Forklift by
Application – Manufacturing, Wholesale & Retail Distribution,
Freight & Logistics and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 113: Australia Historic Review for Forklift by
Application – Manufacturing, Wholesale & Retail Distribution,
Freight & Logistics and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019
Table 114: Australia 15-Year Perspective for Forklift by
Application – Percentage Breakdown of Value Sales for
Manufacturing, Wholesale & Retail Distribution, Freight &
Logistics and Other Applications for the Years 2012, 2020 &
2027
INDIA
Market Overview
Material Handling Equipment Market in India: Percentage Share
Breakdown of Sales by Segment for 2019
Opportunities in Retailing
?Go Green? is the Mantra
Competitive Scenario
Market Analytics
Table 115: India Current & Future Analysis for Forklift by Fuel
Type – Diesel, Electric and Gasoline & LPG/CNG – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027
Table 116: India Historic Review for Forklift by Fuel Type –
Diesel, Electric and Gasoline & LPG/CNG Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2012 through
2019
Table 117: India 15-Year Perspective for Forklift by Fuel Type –
Percentage Breakdown of Value Sales for Diesel, Electric and
Gasoline & LPG/CNG for the Years 2012, 2020 & 2027
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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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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.
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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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