Company Reinforces Industry Leadership with Summit for Technical Consultants from Across Asia
SEOUL, South Korea, May 30, 2024 /PRNewswire/ — LG Electronics (LG) is currently hosting the inaugural LG HVAC Consultant Leaders’ Summit – LG Alumni Event – in Seoul, South Korea (May 28-31). The summit provides heating, ventilation and air conditioning (HVAC) consultants from across Asia, with the valuable opportunity to benefit from LG’s extensive industry insight and to learn more about its advanced technologies. The first-of-its-kind event is expected to bolster the company’s leadership in the Asia region, which is now the world’s most rapidly-expanding HVAC market.

Attending the summit were 46 consultants from five Asian countries: Indonesia, Singapore, Thailand, the Philippines and Vietnam. Technical consultants play a vital role in the HVAC business, supporting customers in important areas including system design, installation guidance and maintenance support. By collaborating closely with consultants in each market, LG is able to provide a differentiated customer experience that adds significant value to its industry-leading HVAC solutions.
With its high-growth potential, Asia has emerged as a key market for the expansion of LG’s HVAC business. Driven by an increase in commercial construction and stricter government energy-saving policies, the region is experiencing escalating demand for smart HVAC systems offering integrated IoT control, building automation and real-time performance monitoring. A respected provider of high-efficiency residential and commercial HVAC solutions based on innovative heat pump technology, LG is working with universities and research institutes to develop the next generation of cutting-edge heat pump systems.
In 2023, LG announced its plan to more than double the sales volume of its residential and commercial HVAC business by 2030 – an ambitious goal that will secure the company’s position as a global top-tier HVAC solutions provider.
Through a series of engaging seminars being led by industry experts, the consultants participating in the LG HVAC Consultant Leaders’ Summit – LG Alumni Event will come away with new insight into the trends and technologies shaping the HVAC landscape in Asia and worldwide. Key topics include zero-carbon buildings and HVAC in the era of Artificial Intelligence.
With Asia as the starting point, LG aims to strategically expand its consultant network around the globe, extending its outreach efforts to regions with high-growth potential, such as Central and South America.
“It’s a pleasure to be sharing our cutting-edge technologies and industry insights with professional HVAC consultants from some of Asia’s most dynamic markets,” said James Lee, head of the Air Solution Business Unit at LG Electronics Home Appliance & Air Solution Company. “We will continue to collaborate closely with our consultant network to ensure the best customer outcomes and to grow our influence throughout the Asia region.”
About LG Electronics Air Solution Business UnitLG air conditioning provides optimized solutions for every sector and climate with a wide range of cutting-edge systems that bring exceptional heating, ventilation and air conditioning performance to buildings worldwide. Through our unmatched expertise and industry knowledge, we respond directly to the needs of businesses seeking digitalized and eco-conscious HVAC solutions. We are the partner your business has been looking for, and are well prepared to integrate our leading technology into your day-to-day operations, supporting you and your business every step of the way. For more information, please visit www.lg.com/global/business/hvac. 
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DOHA, Qatar, May 29, 2024 /PRNewswire/ — Qatar Free Zones Authority (QFZ) and Quantiphi, a Google Cloud partner and award-winning AI-first digital engineering company, have signed an agreement to establish a global technology hub in Qatar’s Free Zones to meet the surging demand for AI and generative AI enterprise solutions to drive innovation and accelerate digital transformation initiatives across Qatar and the region.

The agreement was signed by Sheikh Mohammed Bin Hamad Bin Faisal Al-Thani, CEO of Qatar Free Zones Authority and Ritesh Patel, co-founder of Quantiphi during the Google Cloud Summit in Doha, in the presence of senior executives from QFZ, Quantiphi and Google Cloud.
This agreement with Quantiphi was inked one year after the Google Cloud region in Doha was launched in 2023. Under the agreement, Quantiphi’s new technology hub at the free zones in Qatar will help position Qatar as a leader in AI and digital innovation. The collaboration will also foster broader cooperation between Quantiphi and QFZ on AI and generative AI enterprise solutions aiming to advance the technology sector in Qatar.
Sheikh Mohammed Bin Hamad Bin Faisal Al-Thani, CEO of QFZ, said, “We are delighted to welcome Quantiphi’s global technology hub to the free zones in the State of Qatar. This partnership with Quantiphi, to leverage Google Cloud services, highlights our ongoing efforts to position Qatar as a leader in technological innovation. By leveraging AI and digital engineering, we are poised to achieve unprecedented growth and development in the technology sector. This contributes to Qatar’s digital transformation aligning with the pillars of Qatar National Vision 2030 to build a sustainable knowledge-based economy.”
Ritesh Patel, co-founder of Quantiphi said, “The expansion to Qatar, a country known globally for connecting stakeholders in artificial intelligence, entrepreneurship and innovation, underscores Quantiphi’s commitment to strategic growth, partnership and continued adaptation to global market needs. Qatar is an optimal location for Quantiphi’s continued expansion because it is regarded as a technology leader within the Gulf Cooperation Council (GCC), an alliance between Saudi Arabia, Kuwait, United Arab Emirates, Bahrain, Oman and Qatar. We are excited to collaborate with QFZ to further our mission and drive technological advancements in the region.”
Saurabh Mishra, Google Cloud Global Business Leader at Quantiphi said, “With more than a decade of experience in building data and AI solutions, Quantiphi and Google Cloud are well positioned to meet the demands of enterprises globally to enable them to invest in future technologies. Quantiphi’s expansion into Qatar is endorsed by Qatar Free Zones Authority (QFZ), which regulates world-class free zones in Qatar and offers business benefits to expand operations within the region. This solidifies our commitment to foster a cutting-edge technology ecosystem in the region in alignment with Qatar’s National Vision 2030, to bring transformation through knowledge and innovation-led solutions.”
Ghassan Kosta, Regional General Manager of Google Cloud Qatar, said, “Our partnership with Quantiphi is another testament to our commitment to advancing AI and cloud technology in the region. Through our valuable partner network, we aim to help drive innovation and enable businesses to thrive in the digital age. The support from Qatar Free Zones Authority underscores the importance of creating a dynamic ecosystem that fosters growth and aligns with Qatar’s vision for a technology-driven future. We are delighted that this partnership was signed at the Google Cloud Doha Summit on the first anniversary of our Doha Cloud Region and look forward to supporting Quantiphi and QFZ in their ambitious initiatives.”
The new hub in Qatar’s free zones is planned to showcase both parties’ strategic foresight and commitment to enhancing digital and technological efficiencies. By integrating state-of-the-art technology and extensive industry expertise, this collaboration unlocks unprecedented opportunities for growth and innovation. Together, QFZ, and Quantiphi, will be paving the way for a more connected world and setting new benchmarks for strategic partnerships.
About Quantiphi:Quantiphi is an award-winning AI-first digital engineering company driven by the desire to reimagine and realize transformational opportunities at the heart of business. Since its inception in 2013, Quantiphi has solved the toughest and most complex business problems by combining deep industry experience, disciplined cloud and data engineering practices, and cutting-edge artificial intelligence research to achieve accelerated and quantifiable business results. Learn more at https://quantiphi.com/ and follow us on Linkedin, X, formerly Twitter and Instagram.
About Qatar Free Zones Authority (QFZ):Qatar Free Zones Authority (QFZ) was established in 2018 and launched soft operations in 2020 to oversee and regulate world-class free zones in Qatar and secure fixed investments within the zones. QFZ offers outstanding opportunities and benefits for businesses seeking to establish operations and expand regionally and globally, providing quality infrastructure, a skilled workforce, 100% foreign ownership, access to investment funds, tax exemptions and partnership opportunities with Qatari entities. For more information on QFZ, visit https://qfz.gov.qa/.
Media ContactH. MayesQuantiphihttps://quantiphi.com/resources/newsroom/ [email protected]
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CHICAGO, May 29, 2024 /PRNewswire/ — The market for maritime safety systems is expected to expand in the future due to the growing usage of autonomous vessels, improved cybersecurity protocols, and cutting-edge technologies like artificial intelligence, the Internet of Things, and big data analytics. Combined, environmental monitoring, enhanced communication, integration with smart ports, and regulatory compliance will increase maritime operations’ sustainability, efficiency, and safety.

The Maritime Safety System Market is estimated to grow from USD 30.2 billion in 2024 to USD 47.8 billion in 2029, at a CAGR of 9.6% during the forecast period, according to a new report by MarketsandMarkets™. The Maritime Safety System Market is driven by the rising need to manage complex supply chain operations and enhance sustainability across the marine industry. Increasing awareness about maritime safety, adherence to regulatory compliances and standards, and the growth in marine trade and freight transport activities further fuel the demand for advanced safety systems. These factors collectively contribute to the robust expansion and innovation within the Maritime Safety System Market.
Browse in-depth TOC on “Maritime Safety System Market”
280 – Tables70 – Figures300 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2019–2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
USD Billion
Segments Covered
Offering (Solutions & Services [Professional Services {Training & Consulting, Risk Assessment & Investigation, Support & Maintenance} and Managed Services]), Security type (Port & Critical infrastructure Security, Coastal Security, Vessel Security, Crew Security, Cargoes & Containers Safety, Ship System & Equipment (SSE) Safety, Other Security Types), System (Ship Security Reporting System, Automatic Identification System (AIS), Global Maritime Distress Safety System (GMDSS), Long Range Tracking & Identification (LRIT) System, Vessel Monitoring & Management System, Other Systems) Application (Loss Prevention & Detection, Security & Safety Management, Counter Piracy, Monitoring & Tracking, Environment Protection,  Search & Rescue, Communication Management and Other Applications), End User (Government & Defense, Marine & Construction, Oil & Gas, Shipping & Transportation [Shipping Companies, Ship Crews Passengers & Cargo Owners] and Other End Users).
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Companies covered
are Honeywell (US), Thales Group (France), Smiths Group (UK), Elbit Systems (Israel), Northrop Grumman (US), Westminster Group (UK), Raytheon Anschutz (Germany), Saab Group (Sweden), OSI Maritime Systems (Canada), BAE Systems (UK), L3Harris Technologies (US), KONGSBERG (Norway), Leonardo (Italy), ATLAS ELEKTRONIK (Germany), Airbus (Netherlands), Terma Group (Denmark), Nuctech (China), ARES Security (US), Rolta (India), HALO Maritime Defense Systems ( US), HudsonAnalytix (US), Consilium ( Sweden), Maindeck (Norway), Captain’s Eye (Israel), ioCurrents (US), Harbor Lab (Greece), Smart Ship Hub (Singapore), SailRouter (Netherlands), Orca AI (England), Anduril Industries (US), PierSight (India) and EyeROV (India).
By offering, the services segment to account for higher CAGR during the forecast period.
Marine managers and vendors rely on technical support and consulting services to effectively deploy technology solutions. These services facilitate quicker and more efficient implementation, leading to optimized operations across various sectors. Managed by solution and service providers, these services are crucial for ensuring access to shared information and resources among dispersed parties within the maritime industry. Cloud platforms are particularly targeted towards ship management tasks like procurement, bunkering, crewing, training, and performance enhancement. With the maritime sector increasingly adopting digital solutions, cloud services are becoming increasingly vital in supporting these advancements.
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By System, Ship Security Reporting System is expected to hold the largest market size for the year 2024.
A ship security reporting system is a crucial alerting mechanism designed to send distress signals to the maritime security center located at the Horn of Africa (MSCHOA) and UK Maritime Trade Operations (UKMTO). This system was implemented to address the rising threat of pirate attacks in the Gulf of Aden and off the coast of Somalia. When a distress signal is activated, it is transmitted to the naval forces responsible for ensuring maritime security in these regions. The ship security reporting system provides a significant, multifaceted advantage to vessels by offering continuous monitoring within a designated range. Upon receiving a distress signal, MSCHOA or UKMTO verifies its authenticity. If confirmed as genuine, critical vessel information, including the vessel’s name, IMO number, MMSI, and location, is promptly retrieved and relayed to the appropriate task forces. The transmission of signals from the SSRS center to the task forces via the mercury system takes less than five minutes. This efficient process enhances maritime security, allowing ships to navigate the most vulnerable waters with greater confidence and protection.
By End User, oil & gas is projected to grow at the highest CAGR during the forecast period.
In the oil & gas sector within the Maritime Safety System Market, maritime transportation stands out as a secure and efficient mode of conveyance. Over the years, there has been a remarkable 98% reduction in oil spills from tankers globally since 1970, a testament to the safety protocols implemented in vessels and the rigorous training of crew members. Oil ranks as the largest commodity transported via water, known for its cost-effectiveness and efficiency compared to other forms of transportation. With increasing exploration and production activities in deep-water and ultra-deep-water regions, there is a heightened demand for advanced safety systems to mitigate risks and ensure operational integrity. Investments in real-time monitoring, emergency response solutions, and regulatory compliance are paramount, fueling growth in this critical sector of the maritime industry.
Middle East & Africa is expected to grow at the second-highest CAGR during the forecast period.
The waterways within the Middle East & Africa (MEA region) hold immense global significance, facilitating the substantial export of oil and natural gas and serving as vital links between Eastern and Western traders through key passages like the Red Sea and Suez Canal. However, political tensions in this region have amplified the vulnerabilities of these waterways, exacerbated by challenges such as the lack of internal stability in bordering governments, inadequate maritime security capabilities, and potential naval threats from entities like the government of Iran. To remain competitive and aligned with global advancements, governments across the MEA are prioritizing a shift towards information and innovation-driven societies.
Top Companies in Maritime Safety System Market:
The major maritime safety system solutions and service providers Honeywell (US), Thales Group (France), Smiths Group (UK), Elbit Systems (Israel), Northrop Grumman (US), Westminster Group (UK), Raytheon Anschutz (Germany), Saab Group (Sweden), OSI Maritime Systems (Canada), BAE Systems (UK), L3Harris Technologies (US), KONGSBERG (Norway), Leonardo (Italy), ATLAS ELEKTRONIK (Germany), Airbus (Netherlands), Terma Group (Denmark), Nuctech (China), ARES Security (US), Rolta (India), HALO Maritime Defense Systems ( US), HudsonAnalytix (US), Consilium ( Sweden), Maindeck (Norway), Captain’s Eye (Israel), ioCurrents (US), Harbor Lab (Greece), Smart Ship Hub (Singapore), SailRouter (Netherlands), Orca AI (England), Anduril Industries (US), PierSight (India) and EyeROV (India). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Maritime Safety System Market.
Recent Developments:
In December 2023, Honeywell announced the acquisition of SCADAfence, a prominent provider of cybersecurity solutions for monitoring large-scale OT and IoT networks. SCADAfence’s expertise lies in asset discovery, threat detection, and security governance, all vital for bolstering cybersecurity in industrial and building management programs.In October 2023, Smith’s Detection unveiled the HI-SCAN 7555 DV, a dual-view X-ray scanner featuring enhanced capabilities. This scanner offers superior image quality, automatic explosives detection, and a compact footprint, making it ideal for efficient screening in high-threat applications.In September 2023, OSI Maritime Systems (OSI) announced the finalization of a Long-Term Partnership Agreement (LTPA) with PGZ Stocznia Wojenna Shipyard (PGZ SW). Under this agreement, OSI will be PGZ SW’s preferred partner for all new-build and retrofit WECDIS-based navigation systems in the Polish Navy.In August 2023, Anschütz enhanced the capabilities of its Electronic Chart Display and Information System (ECDIS) with customized functions to support safe and efficient operations for offshore and research vessels, as well as for blue and grey forces.In March 2023, The partnership between Anschütz and StormGeo, a prominent provider of weather intelligence and decision-support solutions in the shipping industry and part of Alfa Laval, signifies a move toward fully paperless ship governance.In January 2023, Anschütz launched the NautoPilot 5000NX, a new autopilot for ships featuring a 7-inch graphical touchscreen that clearly displays all navigational information. With intuitive operation, crews can access heading, course, and track control steering modes easily.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1033
Maritime Safety System Market Advantages:
Advanced monitoring and detection capabilities offered by maritime safety systems raise the standard of safety and security in maritime operations. These technologies aid in the prevention of mishaps, crashes, and illegal entry into ports and vessels.These technologies allow for the timely detection of potential hazards and incidents by providing real-time surveillance of maritime operations. To maintain safe navigation, this entails monitoring ships, the weather, and other important factors.By giving precise and current information on vessel movements, maritime safety systems help improve navigation and traffic management. This aids in route optimisation, traffic reduction, and accident avoidance in crowded ports and shipping lanes.Maritime safety systems facilitate prompt and well-coordinated response actions in the event of emergencies or accidents. They offer vital information and communication resources that support the management of rescue efforts and the reduction of event impact.These systems aid ensure the adherence of maritime operators to global maritime safety norms and regulations, including those established by the International Maritime Organisation (IMO). In addition to preventing fines and other consequences, compliance guarantees safer operations.Through the detection of oil spills, monitoring and control of pollutants, and enforcement of environmental standards, maritime safety systems help to safeguard the environment. This lessens the negative effects of maritime activity on the ecosystem.Operational efficiency is increased when automation technologies are integrated into maritime safety systems. The accuracy and dependability of safety measures are increased and the necessity for personal intervention is decreased through automated monitoring, reporting, and alerting.Report Objectives
To define, describe, and predict the Maritime Safety System Market, by offering (solutions and services), security type, system, application, end user, and region.To describe and forecast the Maritime Safety System Market, in terms of value,by region—North America, Europe, Asia Pacific, Middle East & Africa and Latin AmericaTo provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the overall Maritime Safety System Market.To profile key players and comprehensively analyze their market positions in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders.To analyze competitive developments such as joint ventures, mergers and acquisitions, product developments, and ongoing research and development (R&D) in the Maritime Safety System MarketTo provide the illustrative segmentation, analysis, and projection of the main regional markets.Browse Adjacent Markets: Software and Services Market Research Reports & Consulting
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