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[Latest] Global Process Automation and Instrumentation Market Size/Share Worth USD 88.5 Billion by 2028 at an 5.20% CAGR: Markets N Research (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

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Chicago, Jan. 24, 2023 (GLOBE NEWSWIRE) — Markets N Research has recently released expansive research on Global Process Automation and Instrumentation Market with 220+ market data Tables, Pie Chart, and Graphs & Figures spread through Pages and easy to understand detailed analysis. The report endows with wide-ranging statistical analysis of the market’s continuous developments, capacity, production, production value, cost/profit, supply/demand and import/export. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. This market research report serves the clients by providing data and information on their business scenario with which they can stay ahead of the competition in today’s rapidly changing business environment.

As per the report titled “Process Automation and Instrumentation Market Size, Share & COVID-19 Impact Analysis, By Instrument Type (Transmitters, Flow Meters, Analyzers, Controllers, Recorders, Switches, and Vacuum Instruments), By Solution (PLC, SCADA, DCS, HMI, APC, MES, and Safety Automation), By Application (Chemical, Metal & Mining, Food & Beverage, Oil & Gas, Pharmaceutical, Pulp & Paper, Wastewater Treatment, and Others) and Regional Forecasts, 2022-2028″ observes that the market size in 2021 stood at USD 65.3 billion and USD 88.5 billion in 2028. The market is expected to exhibit a CAGR of 5.20% during the forecast period.

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Process Automation and Instrumentation Market Analysis:

The need for process automation and instrumentation technology has increased due to the growing use of industrial automation processes, the desire for energy- and cost-efficient processes, and the focus on digital technologies. The development and expansion of numerous end-user verticals have also aided this market’s growth. Additionally, the expansion of this sector has been made possible by the increased use of proactive solutions that identify faults at the component level. However, high initial investment and significant operations and maintenance expenditures will slow the expansion rate. A further obstacle to the market’s expansion will be small and medium-sized businesses’ hesitation and resistance to embrace process automation and instrumentation procedures.

Report Scope:

Report Coverage Details
Forecast Period 2023-2030
Forecast Period 2023 to 2030 CAGR 5.20 %
2028 Value Projection 88.5 billion
Base Year 2022
Market Size in 2021 65.3 billion
Historical Data for 2016 – 2021
Segments covered By Instrument Type, By Solution, By Application and By Geography
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America

List Of Key Companies Profiled:

  • ABB Limited
  • Emerson Electric Company
  • Mitsubishi Electric Company
  • Rockwell Automation Inc.
  • Siemens AG
  • Schneider Electric SE
  • Yokogawa Electric Corporation
  • Honeywell International Inc.
  • Pepper Fuchs GmbH.
  • General Electric Company
  • Hitachi Ltd
  • Delta Electronics
  • Fuji Electric
  • Koyo Electronics Industries Co., Ltd.
  • Yokogawa Electric Corporation

ABB Disclosed its Intention to Separate Accelleron (formerly ABB Turbocharging)

In July 2022, ABB stated that it would separate Accelleron (formerly ABB Turbocharging). Process automation and instrumentation service providers might benefit greatly from landing a long-term contract because such agreements guarantee a consistent flow of income. As a result, winning contracts, particularly from governments, is a vital strategy for top players.

Major Players Develop Acquisition Plans to Boost Brand Image

The leading businesses in the process automation and instrumentation market plan acquisitions to improve their brand recognition globally. For instance, in August 2022, to improve total electric vehicle inductive charging, the business announced a deal with MAHLE. One of the main objectives of this collaboration is to meet the rising demand for wireless charging of electric cars.

Recent Development:

  • September 2022: Alexandria Electricity Distribution Company (AEDC), a branch of the state-owned Egyptian Electricity Holding Company, stated that Siemens, one of the industry’s top companies, has been selected to upgrade the distribution management system and advanced metering infrastructure (EEHC).

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Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on the Request
  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
  • Includes Tables and figures have been updated
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
  • MNR research methodology

Driving Factors:

  • Growing Focus on Cutting Costs and Increasing Efficiency Supporting Market Demand

Industries worldwide are focusing more and more on increasing production efficiency and reducing operating costs to thrive in the fast-changing global industrial environment. As a result, they are exploring process automation and instrumentation technologies. Process automation involves leveraging software and computer technology to help end-use industries function more safely and effectively. A computer stores and analyzes the data with sensors that gather information on flows, pressures, temperatures, and other variables. Pressure, temperature, level, and humidity are just a few process factors that may be measured and analyzed using instrumentation equipment. They make it possible for industrial businesses to increase profits and cut costs.

  • Growing Industry 4.0 Trend To Support Market Growth

The market is anticipated to increase substantially during the forecast period due to the growing acceptability of Industry 4.0 principles in manufacturing industries, including food and beverage, oil and gas, and chemicals. Since the advent of Industry 4.0, the majority of manufacturing industry processes and systems have been automated using various technologies, such as cloud computing, IoT, and cyber-physical systems. This has allowed production units to operate efficiently around the clock without the risk of human error. These technologies help to shorten the production cycle and achieve process efficiency from the stage of collecting raw materials to the manufacture of the finished product.

Restraining Factors:

  • Process Automation has High Installation and Maintenance Costs to Limit Market Growth

Developing a new automated manufacturing facility necessitates using cutting-edge automation technologies, including SCADA, DCS, PLC, and HMI. The necessity for large initial investments to set up an automated production facility is one of the most important issues limiting the growth of the process automation and instrumentation market. Deploying instrumentation instruments like process analyzers and transmitters, as well as automation solutions like DCS and SCADA, requires significant cash. Solutions like DCS must be installed at an industrial site through several stages, including system implementation, process operation, data acquisition, and consultation.

Challenging Factors:

  • Lack of Qualified Employees to Maintain Complex Automation Systems to Limit Market Growth

Process automation and instrumentation solutions require trained personnel to operate due to the complexity of the processes, which can be misunderstood and may result in errors and defects if handled by an unskilled workforce. Process automation will hasten the change in skill sets needed as work is changing due to artificial intelligence (AI) and the Internet of Things (IoT). As businesses use IoT data to forecast outcomes, improve operations, avoid failures, develop new products, and implement sophisticated analytics capabilities, such as artificial intelligence (AI) and machine learning (ML), in manufacturing, the need for a competent workforce will rise.

To Gain More Insights into the Market Analysis, Browse Summary of the Process Automation and Instrumentation Market Report @ https://marketsnresearch.com/report/1596/global-process-automation-and-instrumentation-market

Global Process Automation and Instrumentation Market Segmentations:

Global Process Automation and Instrumentation Market By Instrument Type:

  • Transmitters
  • Flow meters
  • Analyzers
  • Controllers
  • Recorders
  • Switches
  • Vacuum Instruments

Process Automation and Instrumentation Market By Instrument Type

Global Process Automation and Instrumentation Market By Solution:

  • PLC
  • SCADA
  • DCS
  • HMI
  • APC
  • MES
  • Safety Automation

Global Process Automation and Instrumentation Market By Application:

  • Chemical
  • Metal & mining
  • Food & beverage
  • Oil & gas
  • Pharmaceutical
  • Pulp & paper
  • Wastewater treatment
  • Others

Global Process Automation and Instrumentation Market Regional Insights:

North America is projected to hold the largest share of the process automation and instrumentation market over the forecast period due to a growth in the adoption rate of industrialized automation in the region, particularly in the U.S. Additionally, during the projection period, the U.S. will provide the most revenue to the global market for process automation and instrumentation. The region’s governments likewise concentrate on boosting energy production, and the American government funds these initiatives. For instance, the US DOE (Department of Energy) announced in July 2019 that 14 tribal energy infrastructure deployment projects would get USD 16 million in funding.

Process Automation and Instrumentation Market By Region

Further Report Findings:

  • The market in North America is expected to gain a huge portion of the global process automation and instrumentation market share in the coming years. This is a result of the region’s increased use of industrial automation techniques.
  • The presence of a solid technological foundation and growing investment in the chemical and petrochemical industries have further fueled the region’s expansion.
  • In Asia Pacific, the growth in this region is primarily driven by various end-user verticals in this region have experienced substantial growth.

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Key questions answered in this report:

  • What is the size of the Process Automation and Instrumentation market and what is its expected growth rate?
  • What are the primary driving factors that push the Process Automation and Instrumentation market forward?
  • What are the Process Automation and Instrumentation Industry’s top companies?
  • What are the different categories that the Process Automation and Instrumentation Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Process Automation and Instrumentation market sample report and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2023−2030
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis By Instrument Type, By Solution, By Application and By Geography
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Table of Content

Chapter 1: Preface

Chapter 2: Report Summary

Chapter 3: COVID 19 Impact Analysis

Chapter 4: Global Process Automation and Instrumentation Market, By Instrument Type Segment Analysis

Chapter 5: Global Process Automation and Instrumentation Market, By Solution Segment Analysis

Chapter 6: Global Process Automation and Instrumentation Market, By Application Segment Analysis

Chapter 7: Process Automation and Instrumentation Market – Regional Analysis, 2023 – 2030

Chapter 8: Process Automation and Instrumentation Market – Industry Analysis

Chapter 9: Competitive Landscape

Chapter 10: Company Profiles

Chapter 11: Research Methodology

Chapter 12: Questionnaire

Chapter 13: Related Reports

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Key Insights from Primary Research/Key Insights & Findings from the report:

  • As per the analysis shared by our primary respondents, the Process Automation and Instrumentation market is expected to grow annually at a CAGR of around 5.20%.
  • Through primary research, it was established that the Process Automation and Instrumentation market was valued at around USD 65.3 billion in 2021.
  • The Process Automation and Instrumentation market is segmented based on instrument type: transmitters, flow meters, analyzers, controllers, recorders, switches, and vacuum instruments. The transmitters category was predicted to show maximum market share in the year 2021.
  • The key factor driving the market is Cutting Costs and Increasing Efficiency
  • The “North America” region will lead the global Process Automation and Instrumentation market during the forecast period 2023 to 2030.

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Artificial Intelligence

TREEFROG THERAPEUTICS PICKS-UP BEST POSTER AWARD AT THE INTERNATIONAL SOCIETY FOR CELL & GENE THERAPY (ISCT) ANNUAL MEETING FOR THEIR CELL THERAPY PROGRAM IN PARKINSON’S DISEASE

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–  Treefrog will present two posters on their cell therapy program in Parkinson’s Disease and their proprietary encapsulation technology, C-Stem™ –  
BORDEAUX, France, May 29, 2024 /PRNewswire/ — TreeFrog Therapeutics has a busy schedule at the ISCT’s 30th annual meeting, taking place in Vancouver, Canada this week, with two posters being presented, one of which has been awarded the Best Poster in the iPSC category. A poster on their transformational encapsulation technology, C-Stem™, will also be presented. 

TreeFrog is a cell therapy company with a lead program in Parkinson’s disease, a complex neurodegenerative disease with no cure and treatments that offer symptomatic relief only. Decades of research demonstrate that cell therapy holds immense promise for Parkinson’s disease, with multiple clinical trials ongoing. However, the manufacturing of these cells must overcome major pharmaceutical challenges, including scalability, to be compatible with potential commercial phases. The cell therapy program at TreeFrog is based on C-Stem™, a proprietary technology platform that overcomes these challenges. In 2021, the company achieved a world-first of producing 15billion iPSCs in one run, in one week.
Michael Lanero Fidalgo, Chief Operating Officer, will represent the company for the Best Poster in the iPSC category, an award designed to recognize outstanding abstracts related to iPSC research. Poster #1219, First Off-The-Shelf Bioreactor Produced, iPSC-Derived Neural Microtissues Containing Dopaminergic Neurons Innervate the Striatum and Normalize Behavior in a Parkinson Rat Model, is also one of only twenty posters chosen for an elevator pitch presentation from the overall 600 considered.
Kevin Alessandri, co-founder and Chief Technology Officer, will present poster #1200 Cell encapsulation as a tool for stem cell-based cell therapy industrialization, a deep dive into how the C-Stem™ technology, can overcome the bottlenecks of the complex Chemistry, Manufacturing and Controls (CMC) in cell therapy. He will also participate as a KOL in the JSRM-ISCT iPSC workshop event iPSCs: From Bench to Bedside’ Scientific Signature Series.
Events:
Elevator Pitch presentation by Michael Lanero-Fidalgo, representing lead authors Nicolas Prudon & Lucia Cordero Espinoza May 29th, 2024 @ 12:00 – 13:00, Room 201iPSC Poster Presentation Networking reception (Posters #1219 & #1200) May 30th @ 18:00 – 19:30 Exhibit & Poster HalliPSC: Bench to Bedside: Scientific Signature Series, participation of Kevin Alessandri as KOL. June 1st, 2024 @ 7:30 – 16:00, Room 212-214www.treefrog.fr
CONTACT:  Rachel MooneyChief Communications OfficerTreeFrog Therapeutics [email protected]  
Logo – https://mma.prnewswire.com/media/2272329/treefrog_Logo.jpg

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Artificial Intelligence

US Air Force Awards ThroughPut.ai Direct-to-Phase-II Contract for Boeing, Lockheed Martin, and Sikorsky Mission Design Series to Accelerate Aircraft Readiness

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Leveraging Data to Drive Maintenance-first actions that improve overall supply chain throughput across the DAF.
NEW YORK, May 28, 2024 /PRNewswire/ — ThroughPut.ai, the Supply Chain Decision Intelligence Pioneer, announces it has been selected by AFWERX for a (SBIR Direct-to-Phase II contract) in the amount of $1,248,627.00 focused on “AI-Powered Proactive Supply Chain Capabilities” to address the most pressing challenges in the Department of the Air Force (DAF). The Air Force Research Laboratory and AFWERX have partnered to streamline the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) process by accelerating the small business experience through faster proposal to award timelines, changing the pool of potential applicants by expanding opportunities to small business and eliminating bureaucratic overhead by continually implementing process improvement changes in contract execution. The DAF began offering the Open Topic SBIR/STTR program in 2018 which expanded the range of innovations the DAF funded and now on April 17th, 2024, ThroughPut.ai will start its journey to create and provide innovative capabilities that will strengthen the national defense of the United States of America.

“ThroughPut.ai looks forward to supporting efforts to accelerate inventory flow across the United States Air Force,” said Ali Raza, CEO & Founder of ThroughPut.ai. “By driving inventory/materiel management changes at the maintenance endpoint first, supply chain improvements can then be amplified across the greater industrial base to create aircraft capacity.”
“The views expressed are those of the author and do not necessarily reflect the official policy or position of the Department of the Air Force, the Department of Defense, or the U.S. government.”
About (ThroughPut.ai)
ThroughPut.ai is a Silicon Valley-based supply chain optimization & predictive replenishment company. The company’s software AI platform has the ability to identify location-, product-, and customer-based demand changes sooner in order to adjust order frequencies, vendor sources, and parts buffer levels at a global and local scale. ThroughPut’s platform was designed by Fortune 500 & technology executives with real-world experience managing demand & supply chain disruptions and war-zone logistics across the Middle East.
About AFRLThe Air Force Research Laboratory is the primary scientific research and development center for the Department of the Air Force. AFRL plays an integral role in leading the discovery, development, and integration of affordable warfighting technologies for our air, space and cyberspace force. With a workforce of more than 12,500 across nine technology areas and 40 other operations across the globe, AFRL provides a diverse portfolio of science and technology ranging from fundamental to advanced research and technology development. For more information, visit afresearchlab.com.
About AFWERXAs the innovation arm of the DAF and a directorate within the Air Force Research Laboratory, AFWERX brings cutting-edge American ingenuity from small businesses and start-ups to address the most pressing challenges of the DAF. AFWERX employs approximately 370 military, civilian and contractor personnel at five hubs and sites executing an annual $1.4 billion budget. Since 2019, AFWERX has executed over 6,100 new contracts worth more than $4 billion to strengthen the U.S. defense industrial base and drive faster technology transition to operational capability. For more information, visit: www.afwerx.com. 
Company Press Contact:Ali RazaCEO/[email protected] 

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Data Center Investments Soar: 200% Rise Since 2016 and Projected 89% Increase by 2028

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USA News Group CommentaryIssued on behalf of Avant Technologies Inc.
VANCOUVER, BC, May 28, 2024 /PRNewswire/ — Since 2016, investment in data centre infrastructure has risen 200%, with a further 89% increase expected by 2028 as more opportunities emerge with the rise of artificial intelligence (AI). According to Jones Lang LaSalle Inc.’s CEO Christian Ulbrich, data centers are “the hottest asset class at the moment.” Analysts at Technavio are projecting the global data center market to record an additional US$329.82 billion in growth at a CAGR of 12.73% through 2027. Capitalizing on the opportunity are several players recently announcing developments regarding their involvement in the data centers sector, including

Avant Technologies Inc. (OTCQB: AVAI), Amazon.com, Inc. (NASDAQ: AMZN), Applied Digital Corporation (NASDAQ: APLD), Digital Realty Trust, Inc. (NYSE: DLR), and Equinix, Inc. (NASDAQ: EQIX).
As an early pioneer in generative AI, Avant Technologies Inc. (OTCQB: AVAI) continues to enhance its flagship asset, Avant AITM, a sophisticated machine and deep learning AI system designed for versatility and customization across various industries and applications. Recently, Avant announced plans to equip its AI-managed data center, currently in development, with High-Performance Computing (HPC) systems. According to IBM, HPC technology utilizes clusters of powerful processors working in parallel to process massive multi-dimensional data sets and solve complex problems at exceptionally high speeds.
“The rise of AI is revolutionizing industries, and Avant Technologies is committed to being at the forefront of this transformation,” said William Hisey, CEO of Avant. “By building an AI-managed data center with HPC systems, we will gain the computational power and infrastructure required to train and deploy sophisticated AI models, which will ultimately provide even greater value to our customers.”
The new data center will leverage AI-driven management technology to optimize resource allocation and enhance efficiency in all aspects of data center operations. Avant will meticulously design its HPC infrastructure to meet the demands of AI workloads, selecting high-performance CPUs and GPUs (or TPUs) specifically suited for deep learning tasks. This cutting-edge facility will enable Avant to accelerate AI advancements, delivering innovative solutions to clients by improving data center efficiency and empowering them with exceptional AI capabilities.
Additionally, Avant will implement a high-speed network to ensure efficient data transfer and select a scalable storage solution to manage the large datasets necessary for training and utilizing AI models. The HPC systems will prioritize security, incorporating robust measures to protect sensitive data and create a secure environment for AI deployment. Furthermore, the data center will integrate energy-efficient technologies and sustainable design practices, reflecting Avant’s commitment to environmental responsibility.
Avant Technologies also recently announced plans to implement AI-empowered Zero Trust Architecture (ZTA) across its data center operations. Additionally, the company has expanded its AvantAI™ platform to include intelligent, proactive monitoring and management for data centers.
Over the past few weeks Amazon.com, Inc. (NASDAQ: AMZN) has collectively committed to investing $20 billion into new data centers for its subsidiary Amazon Web Services (AWS). The first to be announced was an $11-billion data center to be built in Indiana, with another $9 billion set to accelerate cloud-infrastructure in Singapore. The moves fall in line with Amazon CEO Andy Jassy’s projection that 85% of IT spending will remain on premises, in the race for Gen AI supremacy.
Amazon also recently announced an extension on its partnership between AWS and CrowdStrike to unify cybersecurity protection on its CrowdStrike Falcon platform. As per the agreement, Amazon is replacing a variety of cloud point products with Falcon Cloud Security, is using Falcon Next-Gen SIEM to secure big data logging and is deploying Identity Threat Detection and Response to prevent identity-based attacks.
“CrowdStrike and AWS have a deep history of working together to secure the most innovative companies in the world,” said CJ Moses, Chief Information Security Officer and Vice President of Security Engineering at Amazon. “Amazon uses CrowdStrike to provide visibility, detection, and response across our businesses in order to protect the cloud, infrastructure, and services for our customers. This is part of our shared mission to help all organizations build, operate, and secure their business.”
In a move to shore-up its market position as a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, Applied Digital Corporation (NASDAQ: APLD) recently announced the appointment of industry veteran Todd Gale as its new Chief Development Officer. The announcement came just one month after the company announced it had issued a $50 million unsecured convertible debenture to advance its HPC Data Center Project in Ellendale, North Dakota.
“We intend to use the net proceeds from the private financing, supplemented by the proceeds from our announced sale of the Garden City facility, to finance substantial advancements in our construction phase of the HPC data center in Ellendale, North Dakota,” said David Rench, CFO of Applied Digital. “Concurrently, we continue negotiating our project-level financing to ensure timely project completion and fulfillment of our contractual obligations.”
Applied Digital intends to utilize chipmaking giant NVIDIA’s new Blackwell platform into its cloud offerings. The company’s next-generation data center campuses are specifically designed to host HPC/AI applications, offering more cost-effective and efficient alternatives to traditional data centers.
In Japan, Digital Realty Trust, Inc. (NYSE: DLR) recently announced the expansion of its NRT Campus, by commencing construction of its third data center to support AI. Upon completion of the site in late 2025, the campus’s capacity will rise to 104MW, with the intention of meeting rising demand for next-generation infrastructure, and seamless access to Japan’s connected data communities.
“Japan’s rapidly increasing demand for AI deployments creates the need for scalable, flexible, and highly connected AI-ready data centers in the Tokyo metropolitan area,” said Serene Nah, Managing Director and Head of Asia Pacific, Digital Realty. “We believe NRT14’s next-generation data center infrastructure and Digital Realty’s connected global open data center platform provide the foundational pillars our customers need to drive innovation in the coming years.”
Equinix, Inc. (NASDAQ: EQIX), another digital infrastructure company, has recently launched a $600 million joint venture with PGIM Real Estate to develop and operate the first xScale data center in the US, situated in California’s Silicon Valley. This follows their successful collaboration on the first xScale data center in Australia in 2022, which was part of a similar $575 million joint venture announced in 2021.
Under the terms of the new agreement, PGIM Real Estate will hold an 80% equity interest in the joint venture, while Equinix will retain a 20% equity stake. xScale data centers by Equinix enable hyperscale companies to expand their core deployments within Equinix’s IBX data centers, facilitating growth in over 70 global metros through a platform that supports direct interconnections with more than 10,000 customers.
This joint venture complements Equinix’s existing hyperscale collaborations in Europe, Asia-Pacific, and the Americas, significantly enhancing the global xScale data center portfolio. Once completed, this global expansion is set to exceed $8 billion, encompassing more than 35 facilities and providing over 725 megawatts of power capacity.
Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/ 
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