Artificial Intelligence
New Zealand Elevator and Escalator Market Report 2022: Installed Base is Expected to Reach 18,462 Units by 2028 from 1,138 Units in 2021
Dublin, Dec. 26, 2022 (GLOBE NEWSWIRE) — The “New Zealand Elevator and Escalator – Market Size and Growth Forecast 2022-2028” report has been added to ResearchAndMarkets.com’s offering.
New Zealand elevator and escalator market is expected to grow at a CAGR of 3.32% during 2021-2027
Increasing demand for high-rise structures and the government’s focus on infrastructure in key economic cities have propelled New Zealand’s elevator and escalator market to new heights.
The New Zealand elevator market by the installed base is expected to reach 18,462 units by 2028. Green star-rated building, One Queen Street in Auckland, will be redeveloped and comprises 14,300 sqm commercial space with an investment of USD 174 million. In its second stage, a commercial bay will comprise luxurious hotels, office space, and retail space with an investment of USD 1 billion and is anticipated to be finished by 2023. This redevelopment will give support to the New Zealand elevator and escalator market.
Escalators used in the public transit sector accounted for the largest share of around 38.5% in 2021 due to increasing public transit projects in the pipeline. The New Zealand escalators market by the installed base is expected to reach 5,213 units by 2028.
KEY HIGHLIGHTS
The Artificial Intelligence Forum of New Zealand (AIFNZ) aims to increase New Zealanders’ knowledge of artificial intelligence (AI) and its capabilities. The swift development of AI technologies presents significant opportunities and difficulties. The University of Auckland will get millions of dollars from the New Zealand government to better investigate and embrace the power of artificial intelligence (AI). In 2019, about NZ$ 4 million was committed to this field of study.
The Emissions Reduction Plan outlines the steps that will be taken to satisfy the first emissions budget (2022-2025), and it puts us on the right track to comply with the second and third emissions budgets (2026- 2030). This will make it possible to transition to a low-emission future feasibly and cheaply. Every action and initiative the Building for Climate Change program takes will be in collaboration with the building and construction industry to ensure everything is implemented correctly.
Currently, 20% of New Zealand’s carbon emissions are attributable to the built environment. The council is recommending that the Building Code be modified in three stages, with the use of fossil fuels being completely phased out by 2030 and restricted to new construction by 2026. There are currently more than 3000 green construction projects underway around the nation. These include 170 newly certified Green Star buildings, with another 70 undergoing evaluation.
Wellington has 152 personal cable cars, also known as incline lifts. In the past, the city’s hills were home to over 300 personal cable cars, but regulations were implemented in 2005. The demand for cable cars and inclined elevators has increased due to their ability to increase a property’s worth and the fact that accessible locations in Wellington are getting more challenging to obtain. Depending on the terrain, installing one can cost between USD 150,000 and USD 200,000 in addition to ongoing maintenance expenses.
The cost of numerous essential commodities for construction projects, including steel and timber, has skyrocketed. In contrast, the COVID-19 pandemic’s impact on the supply chain for materials and labor can be traced as the problem’s origin. New obstacles, such as geopolitical risks like the Ukraine War, continue to pressure prices at a time when demand is rising due to government-led infrastructure projects. The cost of building new homes rose by 18% in the March 2022 quarter compared to the March 2021 quarter, the fastest growth ever observed since the survey launched in 1985, according to the most recent Stats NZ Consumer Price Index.
A Rise In Residential And Commercial Building Activity Is Expected To Drive The New Zealand elevator and escalator market
Canterbury authorities have experienced an increase in new dwelling building authorizations in 2022 compared to 2021 after a relatively stagnant growth in new dwelling permits across most communities. With 23.1 new permits given per 1,000 residents in the Selwyn District in 2021-2022, it continues to have the highest proportion, followed by the Mackenzie District with 15. The lowest rate was three per 1,000 inhabitants in Waimate District.
Auckland Council has financed around USD 257 million for a high-rise mixed-use residential project around Aotea train station. The development comprises nine levels of commercial space, a public plaza, and 60 apartments. After the completion of the City rail link in 2024, construction of Aotea Central will commence.
An agreement between New Zealand’s SkyCity Entertainment Group and the Government of New Zealand was established to complete the extended project of the New Zealand International Convention center (NZICC). This project is still under planning and is anticipated to be completed in 2024. The development is worth USD 427 million.
With an investment of USD 142 million from Australian developers, Ninety-four feet are commencing the construction of a hotel & luxury apartment tower in Auckland, Wellington, and Queenstown. Initial decommissioning was completed, and IconCoPty Ltd (NZ) signed a contract to deliver 41 levels, 225 rooms hotel Indigo Auckland and mixed-use development. Such development plans will propel the growth of the New Zealand elevator and escalator market.
Governments Effort To Expand Infrastructure Across Nation To Increase The Demand For New Installations
The increasing population drives the plan of shifting the Port of Auckland to Northland, where there is an addition of 77ha of prime waterfront land for public and a new cruise terminal. It is estimated to value around ~USD 6 billion to shift the port and is anticipated to be finished by 2036.
Enabling works of the Auckland Airport Transport hub began in June 2022. The development is worth USD 189 million, transforming how people commute directly to the airport. This project is under construction and is expected to be finished by 2027.
One of New Zealand’s most significant transportation projects, the Karangahape Station, is a part of CRL with an investment of USD 2.5billion. This was a 3.45km underground twin tunnel rail line below Auckland City Center. This project is still under construction and is scheduled for completion in 2024.
Regulations For Maintenance of Elevators And Escalators In New Zealand By Building Act To Create Demand
Maintenance and modernization in the New Zealand elevator and escalator market accounted for 69.7% and 30.3%, respectively, for 2021.
Since there has been a 40% increase in accidents in New Zealand from 2011 to 2016. In the year 2015, the country implemented the Building Act. The Building Act acknowledges the value of elevators to the built environment and the possible risk to life safety they may present. Checks are therefore necessary during the design stage, throughout construction, and after it is finished. The Building Act mandates routine inspections and maintenance to ensure the elevator maintains its approved standard.
REGIONAL ANALYSIS
Auckland has always been the largest market for construction and building, contributing around 40% to the total national construction value and 42% of new dwellings approved in 2021.
All Canterbury authorities have experienced an increase in new dwelling building authorizations in 2022 compared to 2021 after a relatively stagnant increase in new dwelling permits across most communities.
VENDOR LANDSCAPE
- The key players in the New Zealand elevator and escalator market are KONE, Otis, Hyundai Elevator, TK Elevator, Mitsubishi Electric, Hitachi, Schindler, and Fujitec.
- The top 4 prominent vendors, including TK Elevator, Otis, KONE, and Schindler, account for 31% of the market share in New Zealand.
- The newest addition to Auckland is Commercial Bay, situated in the city’s core business center. Using its transit management system Schindler PORT, Schindler provided 20 escalators and 26 elevators to connect horizontal and vertical transportation while optimizing passenger itineraries.
- In November 2019, KONE introduced the built-in connectivity series as a standard in New Zealand. Additional software services, anti-fingerprint, anti-finger scratch, and anti-microbial surfaces, are available in the DX Class Elevator series.
- The TK Elevator in New Zealand opened the first walks by Thyssenkrupp, creating opportunities by providing modular space-saving concepts, simplified planning, integration and operation, and innovation, especially in the digital era and space.
Key Vendors
- Hyundai
- TK Elevator
- Schindler
- Hitachi
- KONE
- Otis
Other Prominent Vendors
- Blue Star Elevators
- Kleemann
- Vestner
- Stannah Lifts
- Access Automation
- Power Glide Elevators
For more information about this report visit https://www.researchandmarkets.com/r/d92dua
Attachment
Artificial Intelligence
Military Cybersecurity Market to Reach $68.5 Billion, Globally, by 2033 at 15.4% CAGR: Allied Market Research
PORTLAND, Ore., May 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Military Cybersecurity Market by Type (Endpoint Security Solutions, Network Security Solutions, Content Security Solutions), Deployment (On-Premises, Cloud), and Solution (Threat Intelligence and Response Management, Identity and Access Management, Data Loss Prevention Management, Security and Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033”. According to the report, the military cybersecurity market was valued at $15.7 billion in 2023, and is estimated to reach $68.5 billion by 2033, growing at a CAGR of 15.4% from 2024 to 2033.
The global military cybersecurity market is driven by factors such as growing demand for end-point security solutions and surge in cyber-attacks which are increasing need for military cybersecurity.
Prime Determinants of Growth
The global military cybersecurity market is driven by factors such as an increase in demand for defense IT expenditure. Adoption of IoT in cyber security technology provides lucrative growth opportunities. On the other hand, limited awareness related to cybersecurity is projected to hinder market growth.
Request Sample of the Report on Military Cybersecurity Market Forecast 2033
https://www.alliedmarketresearch.com/request-sample/A323349
(We are providing Military Cybersecurity Industry report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and Russia-Ukraine War Impact Analysis)
123 – Tables63 – Charts378 – PagesReport coverage & details:
Report Coverage
Details
Forecast Period
2023–2033
Base Year
2023
Market Size in 2023
$15.7 Billion
Market Size in 2033
$68.5 Billion
CAGR
15.4 %
No. of Pages in Report
324
Segments covered
Type, Deployment, Solution and Region.
Drivers
Increase in demand for defense IT expenditure to drive the market growth.
Opportunities
Adoption of IoT in Cyber Security Technology
Restraints
Limited awareness related to cybersecurity is restricting the market growth
Procure Complete Report (323 Pages PDF with Insights, Charts, Tables, and Figures)https://www.alliedmarketresearch.com/checkout-final/military-cybersecurity-market-A323349
The endpoint security solutions segment to maintain its leadership status throughout the forecast period
Based on type, the endpoint security solutions segment held the highest market share in 2023, accounting for more than two-fifths of the global military cybersecurity market revenue and is estimated to maintain its leadership status throughout the forecast period.
Endpoint security solutions are undergoing continuous evolution to combat the ever-changing landscape of cybersecurity threats. One prominent trend is the widespread adoption of Endpoint Detection and Response (EDR) solutions. EDR offers real-time monitoring of endpoint activities, allowing for swift detection and response to advanced threats.
The on-premises segment to maintain its leadership status throughout the forecast period
Based on deployment, the on-premises segment held the highest market share in 2023, accounting for more than half of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. However, the cloud segment is projected to manifest the highest CAGR of 15.88% from 2023 to 2033. Moreover, cloud computing offers advanced security features and capabilities that strengthen military cybersecurity defense. Leading cloud service providers invest heavily in robust security measures, such as encryption, identity and access management, and threat detection, to protect data and applications hosted in the cloud.
The identity and access management segment to maintain its leadership status throughout the forecast period
Based on solution, the identity and access management segment held the highest market share in 2023, accounting for nearly one-fifth of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. Moreover,
Identity and access management (IAM) plays a crucial role in military cybersecurity by ensuring that only authorized personnel can access sensitive information and critical systems. IAM encompasses processes, policies, and technologies designed to manage digital identities, control access to resources, and protect against unauthorized access and insider threats.
North America to maintain its dominance by 2033
Based on region, North America held the highest market share in terms of revenue in 2023, accounting for more than half of the global military cybersecurity market revenue and is likely to dominate the market during the forecast period. The advancements in sensor technology, artificial intelligence, and communication systems have contributed to the evolution of military cybersecurity, enabling greater autonomy, flexibility, and effectiveness in engaging both stationary and moving targets with reduced collateral damage.
To Talk With Our Industry Expert @ https://www.alliedmarketresearch.com/connect-to-analyst/A323349
Leading Market Players:
AT&TBAE SystemsBoeingCisco Systems, Inc.DXC Technology CompanyEclecticIQ B.V.IBM CorporationIntel CorporationLockheed Martin CorporationNorthrop Grumman CorporationPrivacera, Inc.SentineIOneSecureworks, Inc.Thales GroupThe report provides a detailed analysis of these key players in the global military cybersecurity market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected] Web: www.alliedmarketresearch.com AMR Resource Center: https://www.alliedmarketresearch.com/resource-center
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HANGZHOU, China, May 20, 2024 /PRNewswire/ — Dahua Technology, a world-leading video-centric AIoT solution and service provider, is proud to announce that its network cameras have successfully obtained Common Criteria (CC) EAL 3+ certificate. This achievement demonstrates Dahua’s dedication to delivering secure and reliable solutions that comply with the industry’s highest information security standards and best practices.
The Evaluation Assurance Level (EAL) 3+ certificate, issued by the Common Criteria for Information Technology Security Evaluation (CC), represents a widely used industry standard for evaluating the security features of IT products and systems. It has been recognized by 31 member countries of the Common Criteria Recognition Arrangement (CCRA) organization, which consists of the United States, Germany, the United Kingdom, the Netherlands, Japan, etc.
As the most authoritative and influential information security standard worldwide, obtaining the CC EAL 3+ certificate verifies Dahua’s robust measures against potential security threats throughout the entire R&D, production, and delivery processes. This also signifies that Dahua’s information security management capabilities meet internationally recognized industry standards.
The certification process involves comprehensive testing and evaluation of Dahua’s development environment, production environment, supply chain, vulnerability assessment, personnel security, as well as many other aspects. The security evaluation is completed by SGS Brightsight, a globally renowned security assessment laboratory in the Netherlands and approved by the Netherlands Scheme for Certification in the Area of IT Security (NSCIB).
“At Dahua, we prioritize the security needs and trust of our customers above all else. With the addition of CC EAL 3+ certificate, customers can be confident that they are investing in a secure and reliable solution that delivers unparalleled peace of mind, safeguarding their assets and ensuring uninterrupted operations,” stated Max Xiang, IPC Product Director at Dahua Technology.
Dahua always follows best industry practices and maintains the highest standards of security across all aspects of the company’s operations. In addition to product security and privacy protection, Dahua implements strict quality control measures to strengthen supply chain security. Forging ahead, Dahua will remain dedicated to advancing the security industry through innovative and secure solutions, further enhancing its cybersecurity and data protection capabilities, and working with industry partners to build a trustworthy AIoT environment.
For more in-depth insights into Dahua’s cybersecurity practices, please visit www. dahuasecurity.com
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TAIPEI, May 20, 2024 /PRNewswire/ — AGI Technology, a pioneering provider of high-performance storage solutions from Taiwan, will make its inaugural appearance at COMPUTEX 2024. This grant event will take place from June 4 to June 7 at the Taipei Nangang Exhibition Center, where AGI will be showcasing its latest innovations at Booth #J0218.
Event DetailsDate: June 4 – 7, 2024Time: 9:30 a.m. – 5:30 p.m.Location: Taipei Nangang Exhibition Center, Hall 1Booth: #J0218
AGI will present cutting-edge technology across three main themes:
Spotlight Innovations
– Supreme Pro TF138 2TB microSD: The world’s first 2TB microSD card, exclusively produced by AGI, sets a new standard in mass production and storage capacity.
– TURBOJET RGB DDR5 Series: This DDR5 series, featuring RGB lighting and a heat sink for overclocking, delivers exceptional performance.
– EDM38 Portable SSD for Mobile: A portable SSD with MagSafe-compatible magnetic attachment that offers lightweight portability.
Ultra-Spec Solutions
– SATA 8TB SSD: This 8TB SATA SSD is pushing the limits of consumer-grade storage, setting a new benchmark for capacity.
– PCIe 16TB SSD: A 16TB PCIe SSD that leads in the HMB domain, providing unmatched performance.
Customization Zone
AGI will showcase tailored storage solutions that meet unique customer needs.
We welcome you to visit AGI at Booth #J0218 to discover these innovations and explore collaboration opportunities.
About AGI
AGI is a leading provider of high-performance storage solutions, offering a range of innovative products that meet the evolving needs of its customers. With a commitment to delivering cutting-edge storage capacities and superior performance, AGI empowers its customers to achieve exceptional digital experiences.
Contact Information
Sales [email protected]+8862-27937256www.agi-gear.com
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