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Global Pipe Handling System Market Is Forecast To Reach US$ 40 Mn By The End Of 2032, Expanding At A CAGR Of 4.5% During 2022-2032; States Fact.MR

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United States, Rockville MD, July 20, 2022 (GLOBE NEWSWIRE) — As per latest market analysis by Fact.MR, a market research and competitive intelligence provider, consumption of pipe handling systems over the past half-decade increased at a sluggish CAGR of around 0.2%. In offshore environments, utilization of pipe handing systems stood at 143 units in 2021. In addition, due to the presence of extensive displacement activities, drilling rigs generated demand worth US$ 17.25 Mn in the same year.

As per detailed analysis by Fact.MR, pipe handling system sales accounted for 8%-10% of the global material handling market value in 2021, with this share expected to increase to 12%-15% by 2032. This is mainly due to rising adoption of automation technologies in the oil & gas industry.

Furthermore, surging application of pipe handling systems for drilling and workover applications is likely to supplement growth of the market over the period of 2022-2032, which is anticipated to expand at a CAGR of 4.5% through 2032. Increased spending on the exploration of unconventional reservoirs will push demand for pipe handling systems, especially in Indo-China, Russia, and the United States.

For Critical Insights on this Market, Request for More Info at:

https://www.factmr.com/connectus/sample?flag=S&rep_id=7107

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Key Takeaways from Market Study

  • By product type, horizontal pipe handling systems are expected to remain the most dominant and reach a valuation of US$ 26.51 Mn by 2031.
  • By operational type, the semiautomatic vertical segment is projected to account for the highest valuation of US$ 16.26 Mn.
  • On the basis of drive system, demand for hydraulic systems is likely to grow 1.6X by 2031.
  • On the basis of rig type, the drilling rigs sub-segment is likely to witness the highest CAGR of 4.7% over the forecast period.
  • Middle East & Africa market is expected to observe an absolute $ opportunity of US$ 4.04 Mn during 2021 to 2031.
  • North America market is set to gain 124 BPS by 2031.
  • Utilization of pipe handling systems in offshore platforms is projected to surge 1.4X over the next ten years.

“Higher efficiency and reducing rig time and integration with automation offered by pipe handling systems is a dominating factor driving product adoption in the oil & gas sector,” says a Fact.MR analyst.

Based on Fact.MR’s research, a total of 254 units of pipe handing systems were sold, including horizontal pipe handling, vertical pipe handling, and horizontal-to-vertical pipe handling systems, in 2021, across the globe. Global volume of pipe handling systems is projected to reach 341 units by the end of 2032.

To Gain In-Depth Insights on Pipe Handling System Market, Request Methodology at

https://www.factmr.com/connectus/sample?flag=RC&rep_id=7107

Country-Wise Analysis

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  • The United States is considered as an emerged leading consumer and producer of pipe handling systems. The nation currently accounts for US$ 7.87 Mn and utilizes 76 units of pipe handling systems in oil & gas fields.
  • Expanding drilling & production activities in the U.S. is poised to generate an absolute $ opportunity of US$ 5.31 Mn during the period of forecast. In addition, the U.S. holds 78.9% share in the North America pipe handling system market.
  • GCC countries has been one of the most lucrative markets driving the consumption of pipe handling systems over the past decade. This regional market value currently stands at US$ 4.8 Mn, and likely to expand at a CAGR of around 4.7% over the decade.

Market Developments

NOV, lnc, Cameron (Schlumburger), Royal IHC , Royal IHC, Weatherford, Drillmec, NABORS Industries, RAAH International., NABORS Industries, Drillmec, EFC Group, and Yantai Jereh Oilfield Services Group Co Ltd are some of the major manufacturers of pipe handling systems.

Leading players are more focused on the development of versatile pipe handling systems for oil & gas, refineries, and associated industries. A versatile product ensures the handling of drilling pipes, casing, BHA, and other pipes while using a single pipe handling system in drilling and workover rigs.

Key Segments of Pipe Handling System Industry Survey

  • By Product Type:
    • Horizontal Pipe Handling Systems
    • Vertical Pipe handling Systems
    • Horizontal-to-Vertical Pipe Handling Systems
  • By Operational Type:
    • Automatic Pipe Handling Systems
    • Semi-automatic Pipe Handling Systems
    • Manual Pipe Handling Systems
  • By Drive System:
    • Hydraulic Pipe Handling Systems
    • Electric Pipe Handling Systems
  • By Rig Type:
    • Pipe Handling Systems for Drilling Rigs
    • Pipe Handling Systems for Workover Rigs
  • By Environment:
    • Offshore Pipe Handling Systems
    • Onshore Pipe Handling Systems
  • By Region:
    • North America Pipe Handling System Market
    • Latin America Pipe Handling System Market
    • Europe Pipe Handling System Market
    • East Asia Pipe Handling System Market
    • South Asia & Oceania Pipe Handling System Market
    • Middle East & Africa Pipe Handling System Market

For Comprehensive Insights Ask An Analyst Here

https://www.factmr.com/connectus/sample?flag=AE&rep_id=7107

More Valuable Insights Available

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Fact.MR, in its new offering, presents an unbiased analysis of the global pipe handling system market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by product type (horizontal pipe handling systems, vertical pipe handling systems, and horizontal-to-vertical pipe handling systems), by type of operation (automatic, manual, and semi-automatic), by drive system (electric and hydraulic), by rig type (workover rigs and drilling rigs), by environment (onshore and offshore), and by region (North America, LATAM, Europe, East Asia, South Asia & Oceania, and MEA).

Fact.MR’s Domain Knowledge in Industrial Goods

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs.

With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the industrial goods division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.

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Check out more studies related to Industrial Goods Division, conducted by Fact.MR:

Modular Chiller Market – Worldwide modular chiller sales are estimated at US$ 3.7 Bn for 2022. As per detailed industry analysis, the global modular chiller market is forecast to reach US$ 6.2 Bn by 2032, expanding at a CAGR of around 5.2% from 2022 to 2032.

Grow Light Market – Rising population has lead food constraints around the world. Building artificial environmental for growing crops and horticulture plants requires provision led grow lights to provide light spectrum similar to that of sun. This method of obtaining food crops is the major factor for the growth of global grow light market.

Integrated Passive Devices Market – Factors driving the growth of the integrated passive devices market include increased demand for integrated passive devices in consumer durables, integration of IPDs into RF applications, and rising need for miniaturised and high-performance electronic devices.

Heat Exchangers Market– Global sales of heat exchangers are expected to increase at a CAGR of 6% from 2022 to 2031. In the year 2021, the global heat exchangers market was valued at US$ 18.94 billion, and is anticipated to reach US$ 34.24 billion by 2031.

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Energy Storage Systems Market – Consumption of energy storage systems is predicted to increase at a CAGR of 5.6% from 2022 to 2031, . The global energy storage systems market stands at US$ 45.1 billion in 2022, and is projected to reach a valuation of US$ 73.8 billion by the end of 2031.

Europe Air Purifier Market – Europe air purifier market is expected to register a 7.1% CAGR during the forecast period. Europe air purifier sales are projected to reach a valuation of US$ 8.85 Billion by the end of 2032, increasing from US$ 4.78 billion in 2022. As a result, the market is estimated to generate an absolute dollar opportunity of US$ 4.1 billion over the next ten years (2022-2032).

U.S. Air Purifier Market – Increased household spending coupled with the growing health-conscious population is driving the sales of air purifiers in the U.S. Household spending on improving indoor air quality almost doubled in the past three years in the country, which bodes well for air purifier suppliers in the United States.

Chillers Market – Global sales of chillers are predicted to rise at a CAGR of 2.8% from 2022 to 2032. In 2022, the global chillers market stands at a valuation of US$ 4.2 billion and is expected to reach US$ 5.5 billion by the end of 2032.

Optical Sorting Equipment Market – In 2022, the global optical sorting equipment market is valued at US$ 2.69 billion and is predicted to surge to US$ 6.15 billion by the end of 2032, with worldwide shipments of optical sorting equipment projected to increase at an impressive CAGR of 8.6% over the same period.

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Artificial Intelligence

New Electric Mountain Bike Player Amflow Enters Market, unveiling its Revolutionary First Bike powered by DJI Avinox at Eurobike 2024

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Passionate Bikers and Tech Experts unite to combine a powerful and compact e-bike system into an ultra-light build, the Amflow PL
FRANKFURT, Germany, July 3, 2024 /PRNewswire/ — Amflow, the eMTB expert that builds e-bikes from heart to body, today marks its entry into the industry with the launch of the Amflow PL. Providing a significantly robust 850 W of peak power and weighing in at an industry leading level of ultra-light 19.2kg1, the Amflow PL provides riders with an unmatched combination of power, range, and performance, hidden in a sleek electric mountain bike appearance.

 
“As engineers with a passion for mountain biking, we have seen a lot of tech innovation that has never found its way into the eMTB scene,” said Peter Archer, Amflow Senior Product Specialist at Amflow. “We have married our tech expertise with our passion and today we’re introducing Amflow to the mountain biking community with our very first product, the Amflow PL. We believe this is a significant moment for the eMTB industry with innovative technology and ultra-light material combining to turn any terrain into a wonderland of possibilities for eMTB riders.”
Ultra-light Frame, Organic Design
The Amflow PL is a full-power eMTB with a stunningly lightweight body. The ultra-light carbon fibre frame weighs just 2.27kg1 and has been designed and expertly-crafted to deliver the ultimate ride, wherever the rider is headed.
Tackle Terrain with Confidence
At the heart of the Amflow PL is the DJI Avinox Drive System incorporating multiple cutting-edge technologies in both software and hardware design. The drive unit features a compound planetary gearset, providing industry-leading power-to-size ratio, with 105 Nm torque and peak power output of 850 W (nominal power output of 250 W) from a drive unit weighing just 2.52kg1.
The high-strength polymer gears inside the drive unit effectively suppress noise during high-speed gearbox operation. With multiple high-precision sensors built-in, combined with DJI’s advanced algorithms, it provides a strong and smooth assistance experience across a wide range of scenarios and conditions.
Preference Matching Assistance
In addition to traditional assistance modes, the DJI Avinox Drive System also features a specialized Auto mode, which adapts assistance in real-time based on road conditions and riding position1.  Once enabled, Auto mode empowers users to tackle a wide variety of terrain types and gradients without having to switch modes.
For the most challenging trails, Boost mode can be activated to instantly receive 120 Nm of torque and 1000 W high-power assistance1, enabling steep inclines to be tackled with ease.
Furthermore, Amflow PL has Walk mode which features intelligent walk assistance for easy incline traversing, Auto Hold to prevent rollback on slopes, and Hill Start Assist for additional torque to get riders started on inclines. It also allows stationary gear-shifting for a smooth and intuitive experience.
Fast Charging, High-Capacity Battery Offers Extended Range
The Avinox system’s battery weighs just 2.87kg1 and boasts an ultra-high energy density, ensuring an uncompromised range.
For those wanting to get back out there as soon as possible, a compact and convenient 12A/508W GaN fast charger1 is capable of charging the battery from 0% to 75% in just 1.5 hours1.
When it comes to battery life; real-time monitoring, self-discharge, active voltage reduction, and abnormality alerts, all feed into the battery health management system to create a durable and reliable battery that still maintains at least 80% capacity after 500 charge-discharge cycles1.
Agile and Responsive with Cutting-edge Geometry
The Amflow PL’s all-around frame design features cutting-edge geometry, offering balanced performance that’s both lightweight and hyper-agile. This stable yet agile handling empowers riders to easily take on rugged trails and more technical rides.
For those looking to adapt the wheel size to their needs, the Amflow PL frame structure is compatible with both 27.5″ and 29″ rear wheels1.  So, whether looking for a smoother ride with larger wheels or agility with smaller ones, a simple adjustment of the flip chip will allow for either size to be fitted without altering the frame’s geometric center of gravity.
Optimized Ride Efficiency
Featuring a four-bar linkage structure, the Amflow PL significantly reduces pedal kickback while greatly improving pedaling efficiency, ensuring that every pedal stroke counts.
Superior Suspension
The rear shock, co-tuned with FOX, offers a sensitive initial stroke response to effectively filter out minor vibrations. It also provides powerful end-stroke support to prevent bottom-outs during continuous high-speed impacts or steep descents, enabling riders to fully enjoy every off-road adventure.
Danny Tien, Asia Sales Manager at FOX said: “FOX has always been dedicated to pursuing better, which mirrors Amflow’s passion to create the ultimate riding experience. During our collaboration process, we were impressed by the enthusiasm and professionalism of the Amflow team. Whether as a business partner or an experienced bike user, we are excited to witness the birth of Amflow PL, an all-round electric mountain bike. The excellent handling experience brought by its ultra-lightweight and cutting-edge design cements our belief that the presence of Amflow will allow more cycling enthusiasts to enjoy the thrill of electric mountain biking.”
 Control at Your Fingertips
At the core of the DJI Avinox system is a 2″ full-color OLED touchscreen control display which is integrated directly into the frame of the Amflow PL. Riders are presented with a wealth of information including real-time riding data, estimated range and the ability to adjust the setup with just a swipe.
Even greater control can be gained by Bluetooth-enabled Wireless Controllers that connect wirelessly to the control display. Mode switches can be made while riding.
When connected to the Avinox App riders have access to;
Customizable Parameters: Parameters of riding modes can be quickly customized to adjust power, torque and cadence, according to riding habits.Anti-theft Mode1: A password-protected anti-theft mode will sound an alarm and the app will send a notification, if unauthorized movement of the eMTB is detected.Remote Locating: The bike’s real-time location can easily be checked.Comprehensive Data Recording, Easy Metric Sharing
With the control display or the Avinox app, riders can review rich data like speeds, range, cadence, power, torque, gradient, altitude, calories burned, ride times, heart rate, and more. This data can also be easily synced with third-party apps such as Strava to share with friends and the eMTB community. 
Thoroughly Tested for Optimum Reliability
Riders of the Amflow PL bike and users of the DJI Avinox Drive System components can be assured of the quality of the products as they have been certified by authoritative organizations such as TÜV SÜD, UL Solutions, and TÜV Rheinland1.
Additionally, Amflow has established a testing platform to conduct a wide variety of reliability tests for frame strength, waterproofing, and long-distance transportation under real-world riding conditions. This ensures product stability and safety in extreme environments, delivering comprehensive quality assurance.
Availability
Amflow products are estimated to be available by Q4 2024 through authorized dealers in Germany, the UK and Australia amongst others. This global service network provides customers with timely, efficient, and professional services, continuously safeguarding product quality.
For more information about Amflow and Amflow PL, please visit: https://www.amflowbikes.com/pl-carbon
About AmflowProudly born in 2023, Amflow is the creation of tech experts with a limitless passion for riding mountain bikes. The company strives to amaze with an unmatched combination of power, range, and performance, hidden in sleek electric mountain bike bodies. Amflow’s commitment to the e-bike industry is to make its e-mountain bikes the go-to for all e-bike riders looking to turn any terrain into a wonderland of possibilities. 
About DJISince 2006, DJI has led the world with civilian drone innovations that have empowered individuals to take flight for the first time, visionaries to turn their imagination into reality, and professionals to transform their work entirely. Today, DJI serves to build a better world by continuously promoting human advancement. With a solution-oriented mindset and genuine curiosity, DJI has expanded its ambitions into areas such as cycling, renewable energy, agriculture, public safety, surveying and mapping, and infrastructure inspection. In every application, DJI products deliver experiences that add value to lives around the world in more profound ways than ever before.
For more information, visit our:Website: https://www.amflowbikes.comFacebook: https://www.facebook.com/amflowbikes/Instagram: https://www.instagram.com/amflowbikesSubscribe to our YouTube Channel: https://www.youtube.com/@amflowbikes
1 All data was tested in controlled conditions. Actual experience may vary. For more details, please refer to the product page on the official Amflow website.
Photo – https://mma.prnewswire.com/media/2450854/image.jpg Photo – https://mma.prnewswire.com/media/2453451/Eurobike.jpg

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Artificial Intelligence

Cell Impact adds sealing as a new part of production process

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KARLSKOGA, Sweden, July 3, 2024 /PRNewswire/ — Cell Impact continues to develop its production process to better meet customer demand. The latest addition to the company’s production process is the opportunity to seal bipolar flow plates through dispersion.

Sealing is a critical part of the assembly of bipolar flow plates for fuel cells and electrolyzers.
“Together with our customers, we have evaluated various sealing processes over the past years with the ambition of adding this process to our production. Now, we are taking further steps to offer our customers a complete bipolar plate, ready to be assembled directly into their fuel cell and electrolysis stacks,” says Marcus Nilsson, Sales and Program Manager at Cell Impact.
Dispensing is one of the most popular sealing solutions used in the industry today.
“Dispensing offers both high precision and process flexibility and is thus suitable for our customers’ prototype and serial production products,” concludes Marcus Nilsson.
About Cell Impact
Cell Impact AB (publ) is a global supplier of advanced flow plates to fuel cell and electrolyzer manufacturers. The company has developed and patented a unique method for high velocity forming, Cell Impact Forming™ which is significantly more scalable and cost-efficient compared to conventional forming methods. Cell Impact Forming is an environmentally friendly forming technology that consumes no water and very little electrical power.
The Cell Impact share is listed on Nasdaq First North Growth Market and FNCA Sweden AB is the company’s Certified Advisor (CA).
For more information, please contact:
Daniel VallinCEO and IR contact, Cell Impact AB (publ)+46730686620 or [email protected]

View original content:https://www.prnewswire.co.uk/news-releases/cell-impact-adds-sealing-as-a-new-part-of-production-process-302188763.html

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Artificial Intelligence

Flytxt included in the 2024 Gartner® Magic Quadrant™ for AI in CSP Customer and Business Operations

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DUBAI, UAE and MUMBAI, India, July 3, 2024 /PRNewswire/ — Flytxt, a leading provider of AI SaaS solutions that maximise Customer Lifetime Value (CLTV) for subscription businesses, announced its inclusion as a niche player in the Gartner Magic Quadrant for AI for CSP Customer and Business Operations report.

Flytxt believes that inclusion in the report reflects their expertise in providing market-proven CLTV maximisation solutions for CSPs leveraging their specialised AI, which is developed and refined over 12 years, and trained with trillions of data points from the Industry.  The rapidly deployable AI SaaS solutions help CSPs optimise decisions and actions across customer engagement contexts, such as in marketing, customer care or product management, to drive better business outcomes. 
“We’re delighted to be included in the Gartner Magic Quadrant for AI in CSPs Customer and Business Operations report. We chose a productised approach to delivering AI solutions, driven by our vision that an AI that continuously learns from different customer engagement contexts and markets delivers vastly improved accuracy and faster ROI to clients” said, Dr. Vinod Vasudevan, CEO of Flytxt.
“Our AI solutions empower CSPs to gain deeper insights into product usage and customer behaviour throughout their lifecycle, helping them optimise opportunities to maximise customer and product lifetime value. They can review and refine existing product catalogs, launch new products and offers, predict future actions or needs of customers, improve digital adoption and retention, and enhance marketing and care efficiency, all leading to tangible business outcomes” he added. 
The efficiently-trained and ready-to-deploy AI for CX solutions from Flytxt offers superior accuracy, efficiency, user trust, and faster time to value compared to generic or custom AI solutions. Today, more than 75 CSP’s leverage Flytxt’s solutions to improve their customer experience journeys and maximise customer lifetime value. 
For more information about Flytxt and its CLTV maximization solutions, please visit www.flytxt.com.
Gartner, Magic Quadrant for AI in CSP Customer and Business Operations, By Pulkit Pandey, Amresh Nandan, Peter Liu, 4 June 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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