Artificial Intelligence
Global Grinding Machines Market to Reach $8.9 Billion by 2030
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New York, March 09, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Grinding Machines Industry” – https://www.reportlinker.com/p04484197/?utm_source=GNW
Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Global Grinding Machines Market to Reach $8.9 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Grinding Machines estimated at US$5.2 Billion in the year 2022, is projected to reach a revised size of US$8.9 Billion by 2030, growing at aCAGR of 6.9% over the period 2022-2030. Surface Grinding Machines, one of the segments analyzed in the report, is projected to record 6.9% CAGR and reach US$3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cylindrical Grinding Machines segment is readjusted to a revised 7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 10.9% CAGR
The Grinding Machines market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2030 trailing a CAGR of 10.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
Select Competitors (Total 143 Featured)
– 3M Company
– Amada Co, Ltd.
– ANCA Pty. Ltd.
– Chevalier Machinery, Inc.
– Danobat Group
– ELB-SCHLIFF Werkzeugmaschinen GmbH
– EMAG GmbH & Co. KG
– Falcon Machine Tools Co., Ltd.
– Fives Group
– Glebar Co.,
– Hardinge, Inc.
– Heinz Berger Maschinenfabrik GmbH & Co. KG
– JTEKT Corporation
– Kent Industrial Co., Ltd.
– Komatsu Ltd.
– Koyo Machinery USA, Inc.
– Kunshan Huachen Heavy Machinery Co., Ltd.
– Mitsubishi Heavy Industries Machine Tool Co., Ltd.
– Okamoto Corporation
– Pietro Carnaghi Spa
– Shanghai Machine Tool Works Ltd.
– Shigiya (USA) Ltd.
– Sumitomo Heavy Industries Ltd.
– Toshiba Machine Co., Ltd.
– United Grinding Group Management AG
Read the full report: https://www.reportlinker.com/p04484197/?utm_source=GNW
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Grinding Machines: Delivering Ever Increasing Levels of
Dimensional Accuracy, Unimaginable Tolerance Levels, and High
Precision
The Indispensable Role of Grinding Machines in Industrial
Applications: Foundation for Market Growth
Materials, Process Kinematics, and Wheel Speeds
Adaptive Control Bring Great Improvements in Removal Rates
Critical Role of Grinding Fuels
Growing Preference for Super-Abrasives Wheels, CBN and Diamond
Increasing Integration of Artificial Intelligence (AI) in
Grinding Systems
Market Fortunes Intrinsically Linked to the Machine Tools Industry
Key Growth Drivers Summarized
Technology Refinements Boost Demand for Numerical Control (NC)
Machine Tools
Advent of 3D-Printing Machines Marks the Emergence of Next
Generation Machine Tools
Steady Growth Anticipated for Multitasking Machine Tools
Smart Machines Surge in Popularity
Robotic-Assisted Technology and Automation Spurs Growth
Global Market Outlook
Continued Recovery in Global GDP & Manufacturing PMI Supports
Growth Momentum
Despite Slowdown in Economic Growth, China Continues to
Dominate Global Sales of Grinding Machines
Grinding Machines – Global Key Competitors Percentage Market
Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3M Company (USA)
Amada Co, Ltd. (Japan)
Amada Machine Tools America, Inc. (USA)
ANCA Pty. Ltd. (Australia)
C & B Machinery (USA)
Danobat Group (Spain)
Delapena Honing Equipment Ltd. (UK)
ELB-SCHLIFF Werkzeugmaschinen GmbH (Germany)
Aba Grinding Technologies GmbH, Aschaffenburg (Germany)
EMAG GmbH & Co. KG (Germany)
Falcon Machine Tools Co., Ltd. (Taiwan)
Chevalier Machinery, Inc. (USA)
Fives Group (France)
Gleason Corporation (USA)
Glebar Co. (USA)
Hardinge, Inc. (USA)
L. KELLENBERGER & Co. AG (Switzerland)
Jones & Shipman Hardinge Limited (UK)
Heinz Berger Maschinenfabrik GmbH & Co. KG (Germany)
HTC Sweden AB (Sweden)
IMT SpA-Stabilimento MORARA – DE.CI.MA (Italy)
JTEKT Corporation (Japan)
JTEKT Toyoda Americas Corporation (USA)
Junker Group (Germany)
Erwin Junker Maschinenfabrik GmbH (Germany)
Kent Industrial Co., Ltd. (Taiwan)
Komatsu Ltd. (Japan)
Koyo Machinery USA, Inc. (USA)
Kunshan Huachen Heavy Machinery Co., Ltd. (China)
Matrix Machine Tool (Coventry) Limited (UK)
Mitsubishi Heavy Industries Machine Tool Co., Ltd. (Japan)
Okamoto Corporation (Japan)
Okuma Corporation (Japan)
Pietro Carnaghi Spa (Italy)
Qinchuan Machine Tool & Tool (Group) Corp. (China)
Shanghai Machine Tool Works Ltd. (China)
Shigiya (USA) Ltd.
Sumitomo Heavy Industries Ltd. (Japan)
Taiyo Koki Co., Ltd. (Japan)
Toshiba Machine Co., Ltd. (Japan)
UNITED GRINDING Group Management AG (Switzerland)
UNITED GRINDING North America, Inc. (USA)
UVA LIDKÖPING AB (Sweden)
3. MARKET TRENDS & DRIVERS
Launch of Revolutionary Grinding Platforms and Solutions for
Industry 4.0/Smart Factory Drive Healthy Growth in Demand
Digital Smart Grinding Solutions from United Grinding Group
Revolutionary Air-Operated Grinder Integrated with the Novel
DIQ Platform Technology
ANCA?s Robotic Loader and Other Innovations
Robustness, Flexibility, and Numerous Other Benefits Drive
Implementation of CNC Grinding Machines in the Metal Casting
Industry
Advantages and Disadvantages of CNC Technology
Challenges to Implementing CNC Technology
Future of Automation in CNC Grinding
Multi-Robot Production Cell Technology Opens Up Several
Opportunities
Robotics to Emerge as an Intrinsic Part of CNC Grinding Machines
Superior Attributes over Milling and Turning Boosts Demand in
Aerospace Engine and Components Manufacturing
Machining Platforms Evolve to Address Specific Needs of the
Aerospace Industry
Custom Grinding and Dressing Solutions for Aerospace Parts
Use of New and Different Materials in Aerospace Building
Provide Opportunities
Rise in Aircraft Fleet Drive Long-term Opportunities
Healthy Growth of the Commercial Aviation Sector Signals
Opportunities
Surging Popularity of Laser Machines in Handling Tough Tool
Grinding Promote Market Adoption
Medical Orthopedic Implants Opens Up New Avenues for Future Growth
CNC Tool Grinders Find Growing Use in Orthopedic Implants Grinding
Increasing Use in Electrical Appliances and Electronics
Manufacturing Drive Demand for Die Grinders
Efficiency and Productivity Benefits Drive Demand in the Cement
Manufacturing Industry
Increasing Proliferation of Advanced Technologies in Gear
Grinding Lends Traction to Market Growth
Solutions to Reduce Noise
Accelerating Grinding Time
Enhanced Polish Grinding
Several Critical Applications in Semiconductor Manufacturing
Spurs Demand for Grinding Machines
Growing Demand for New Generation Automobiles Extends
Opportunities for Grinding Machines
Shortage of Skilled Labor is Driving Automation in Grinding
Machinery
Automated Grinding and Finishing Technology
Innovative System for Automated Floor Grinding
Robotic Automation and Grinding Machines: Complimentary to Each
Other or Substitutes?
Robotic Technology for Efficient High Payload Operations
Growing Share of Renewables Drive Demand for Grinding Machines
in Wind Turbines Production
Recovery in Construction Activity Worldwide Benefits Market
Prospects
Asia-Pacific Continues to Dominate the Global Market, Also
Offers Significant Growth Opportunities
Outsourcing of Manufacturing Activity Boosts Demand for
Grinding Machines in Developing Countries
Other Steadily Growing End-Use Markets for Grinding Machines
Job Shops Industry
Heavy Machinery Industry
WEINIG Rondamat Range of Universal Grinding Machines
GrindSmart Grinding Machines for Small and Large Tools
OD-1524X-CNC OD-Cylindrical Grinder
Innovative, Dual Spindle Grinding System for Complex OD and ID
Grinding
VGring-360 that Allows Solid Carbide Tools? Multi-Level Machining
Supertec?s Novel Machine Tools and Grinders Range
Five-Axis Grinding Machinery with Increased Axis Movement
Helitronic-Power 400 & Helitronic-Power Diamond 400 Systems
Spiro F12 and Spiro F5
MEISTER-G3 and GLS-150GL Grinders
NXT Tool Grinding System
The Zema Line: Novel Corundum Grinding Systems Range
3-in-1 Diamond-Grinding Wheels
VG-110 for Large Scale Internal Out-of-Round Machining Needs
Innovative Fixture for Shoe-Grinding in Cylindrical Grinding
Machines
Expanded Range of Vertical Clamp Bore Micro-finishing Grinders
Novel Swing Arm Double Disc Grinder
Innovative Machines by Thielenhaus Microfinish
Norton Pneumatic Die Grinder
Reinvention of Weldon Midas Series
WireDress ® Technology for Metal-Bonded Grinding
Electro-Discharge (EDM) and Electrochemical (ECM) Dressing
Integrated Dressing with STUDER-WireDress®
No Wear of the Dressing Device
Integrated Control Unit in the Control System of the Grinding
Machine
MicroStar iQ: A Flat-Finishing Machine that can Self-Regulate
NUMgrind Software Simplifies Programming of CNC Precision
Grinding Machines
SG 160 SKYGRIND Technology Revolutionizes Gear Grinding Process
Precision Grinding for Sheet Metal Fine Machining
Robot-Guided Flexible Deburring
Lapmaster Wolters? Device for High Quality Profile and Surface
Grinding
Varia: New Improved Universal Cylindrical Grinder
Double Column Surface Grinding Machine
High Speed Compact Internal CNC Grinder
Tiger Ceramic: High Performance Range of Cutting, Grinding, and
Combination Wheels
High Level Cylindrical Grinding Technology
Optimizing User Profitability
ILD Series of Universal Internal Grinding Machines
IRD 200 and IRD 400: Radial and Internal Grinding Machines
Rotary Surface Grinder
High Performance Precision ID Grinder
Upgrading of LGG Range of Grinding Machines
M 18 FUEL ¼? Die Grinder
GPD Double-Drive CNC Cylindrical Grinders
4.5-inch Diamond Grinding Wheel with Long Life
Dual Station Universal Belt Grinder for Enhanced Grinding
JUMAT 6S Grinding Machine
Double Disc Grinding Process for DD-7 Grinders
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for
Grinding Machines by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Million for Years 2022 through 2030 and % CAGR
Table 2: World Historic Review for Grinding Machines by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 3: World 16-Year Perspective for Grinding Machines by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets for Years 2014, 2023 & 2030
Table 4: World Recent Past, Current & Future Analysis for
Surface Grinding Machines by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2022 through 2030 and % CAGR
Table 5: World Historic Review for Surface Grinding Machines by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 6: World 16-Year Perspective for Surface Grinding
Machines by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa for Years 2014, 2023 &
2030
Table 7: World Recent Past, Current & Future Analysis for
Cylindrical Grinding Machines by Geographic Region – USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 8: World Historic Review for Cylindrical Grinding
Machines by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2014 through 2021 and % CAGR
Table 9: World 16-Year Perspective for Cylindrical Grinding
Machines by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa for Years 2014, 2023 &
2030
Table 10: World Recent Past, Current & Future Analysis for
Center-less Grinding Machines by Geographic Region – USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 11: World Historic Review for Center-less Grinding
Machines by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2014 through 2021 and % CAGR
Table 12: World 16-Year Perspective for Center-less Grinding
Machines by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa for Years 2014, 2023 &
2030
Table 13: World Recent Past, Current & Future Analysis for
Other Product Segments by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2022 through 2030 and % CAGR
Table 14: World Historic Review for Other Product Segments by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 15: World 16-Year Perspective for Other Product Segments
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030
Table 16: World Recent Past, Current & Future Analysis for
Automotive by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2022 through 2030 and % CAGR
Table 17: World Historic Review for Automotive by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 18: World 16-Year Perspective for Automotive by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030
Table 19: World Recent Past, Current & Future Analysis for
General Machinery by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Million for Years 2022 through 2030 and % CAGR
Table 20: World Historic Review for General Machinery by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 21: World 16-Year Perspective for General Machinery by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030
Table 22: World Recent Past, Current & Future Analysis for
Precision Engineering by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2022 through 2030 and % CAGR
Table 23: World Historic Review for Precision Engineering by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 24: World 16-Year Perspective for Precision Engineering
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030
Table 25: World Recent Past, Current & Future Analysis for
Transport Machinery by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Million for Years 2022 through 2030 and % CAGR
Table 26: World Historic Review for Transport Machinery by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 27: World 16-Year Perspective for Transport Machinery by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030
Table 28: World Recent Past, Current & Future Analysis for
Other Applications by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Million for Years 2022 through 2030 and % CAGR
Table 29: World Historic Review for Other Applications by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 30: World 16-Year Perspective for Other Applications by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030
Table 31: World Grinding Machines Market Analysis of Annual
Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
Grinding Machines Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in the United States for 2023 (E)
Table 32: USA Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 33: USA Historic Review for Grinding Machines by Product
Segment – Surface Grinding Machines, Cylindrical Grinding
Machines, Center-less Grinding Machines and Other Product
Segments Markets – Independent Analysis of Annual Sales in US$
Million for Years 2014 through 2021 and % CAGR
Table 34: USA 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 35: USA Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 36: USA Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 37: USA 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
CANADA
Table 38: Canada Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 39: Canada Historic Review for Grinding Machines by
Product Segment – Surface Grinding Machines, Cylindrical
Grinding Machines, Center-less Grinding Machines and Other
Product Segments Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2014 through 2021 and % CAGR
Table 40: Canada 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 41: Canada Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 42: Canada Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 43: Canada 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
JAPAN
Grinding Machines Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Japan for 2023 (E)
Table 44: Japan Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 45: Japan Historic Review for Grinding Machines by
Product Segment – Surface Grinding Machines, Cylindrical
Grinding Machines, Center-less Grinding Machines and Other
Product Segments Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2014 through 2021 and % CAGR
Table 46: Japan 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 47: Japan Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 48: Japan Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 49: Japan 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
CHINA
Grinding Machines Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in China for 2023 (E)
Table 50: China Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 51: China Historic Review for Grinding Machines by
Product Segment – Surface Grinding Machines, Cylindrical
Grinding Machines, Center-less Grinding Machines and Other
Product Segments Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2014 through 2021 and % CAGR
Table 52: China 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 53: China Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 54: China Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 55: China 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
EUROPE
Grinding Machines Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Europe for 2023 (E)
Table 56: Europe Recent Past, Current & Future Analysis for
Grinding Machines by Geographic Region – France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR
Table 57: Europe Historic Review for Grinding Machines by
Geographic Region – France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets – Independent Analysis of Annual
Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 58: Europe 16-Year Perspective for Grinding Machines by
Geographic Region – Percentage Breakdown of Value Sales for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2014, 2023 & 2030
Table 59: Europe Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 60: Europe Historic Review for Grinding Machines by
Product Segment – Surface Grinding Machines, Cylindrical
Grinding Machines, Center-less Grinding Machines and Other
Product Segments Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2014 through 2021 and % CAGR
Table 61: Europe 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 62: Europe Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 63: Europe Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 64: Europe 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
FRANCE
Grinding Machines Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in France for 2023 (E)
Table 65: France Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 66: France Historic Review for Grinding Machines by
Product Segment – Surface Grinding Machines, Cylindrical
Grinding Machines, Center-less Grinding Machines and Other
Product Segments Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2014 through 2021 and % CAGR
Table 67: France 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 68: France Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 69: France Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 70: France 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
GERMANY
Grinding Machines Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Germany for 2023 (E)
Table 71: Germany Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 72: Germany Historic Review for Grinding Machines by
Product Segment – Surface Grinding Machines, Cylindrical
Grinding Machines, Center-less Grinding Machines and Other
Product Segments Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2014 through 2021 and % CAGR
Table 73: Germany 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 74: Germany Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 75: Germany Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 76: Germany 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
ITALY
Table 77: Italy Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 78: Italy Historic Review for Grinding Machines by
Product Segment – Surface Grinding Machines, Cylindrical
Grinding Machines, Center-less Grinding Machines and Other
Product Segments Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2014 through 2021 and % CAGR
Table 79: Italy 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 80: Italy Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 81: Italy Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 82: Italy 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
UNITED KINGDOM
Grinding Machines Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in the United Kingdom for 2023 (E)
Table 83: UK Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 84: UK Historic Review for Grinding Machines by Product
Segment – Surface Grinding Machines, Cylindrical Grinding
Machines, Center-less Grinding Machines and Other Product
Segments Markets – Independent Analysis of Annual Sales in US$
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Artificial Intelligence
More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024
Grace Sun, 16, receives $75,000 Top Award for a new kind of organic electrochemical transistor at the world’s largest pre-college science, technology, engineering and math (STEM) competition.
TARRYTOWN, N.Y. and WASHINGTON, May 17, 2024 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Society for Science (the Society) announced that Grace Sun, 16, of Lexington, Kentucky, won the $75,000 top award, the George D. Yancopoulos Innovator Award, named in honor of the pioneering drug researcher and Regeneron co-Founder, Board co-Chair, President and Chief Scientific Officer, in the 2024 Regeneron International Science and Engineering Fair (Regeneron ISEF), the world’s largest pre-college science and engineering competition. Other top prizes went to projects in second-order cone programming, microplastics filtration and multi-sensory therapy for dementia.
The top winners were honored during two award ceremonies: the Special Awards on May 16 and the Grand Awards Ceremony on the morning of May 17. In total, over $9 million USD was awarded to the finalists based on their projects’ creativity, innovation and depth of scientific inquiry. The competition featured nearly 2,000 young scientists representing 49 U.S. states and nearly 70 countries, regions and territories across the world.
Grace Sun, 16, of Lexington, Kentucky, won first place and received the $75,000 George D. Yancopoulos Innovator Award for her research on building a better organic electrochemical transistor that she hopes will be used to develop new electronic devices that could help detect and treat serious illnesses like diabetes, epilepsy and organ failure. To overcome the problems that have previously prevented such devices from working effectively inside the body, Grace developed a new way of chemically treating their organic components, which greatly improved their laboratory performance.
Michelle Wei, 17, of San Jose, California, received one of two Regeneron Young Scientist Awards of $50,000 for her research to improve the speed and efficiency of a type of software that is useful in many fields such as machine learning, transportation and financial systems. Michelle’s new approach involved determining a quick approximate solution to the second-order cone programming problem, then splitting the initial cone into smaller cones, which enabled her new algorithm to greatly outperform previous approaches.
Krish Pai, 17, of Del Mar, California, received the second Regeneron Young Scientist Award of $50,000 for his machine-learning research to identify microbial genetic sequences that can be modified to biodegrade plastic. His new software, called Microby, scans databases of microorganisms and determines which ones can be changed genetically to biodegrade plastics. In tests, he identified two microorganisms that can be genetically modified to degrade plastic at a cost he believes would be ten times less than traditional recycling.
“Congratulations to the Regeneron International Science and Engineering Fair 2024 winners,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News. “I’m truly inspired by the ingenuity and determination shown by these remarkable students. Coming from around the world with diverse backgrounds and academic disciplines, these students have shown that it is possible to come together in unity to tackle some of the toughest challenges facing our world today, and I could not be prouder.”
Regeneron ISEF provides a global stage for the world’s best and brightest young scientists and engineers. Through this competition, Regeneron and the Society are fostering the next generation of STEM leaders who are pioneering solutions to improve our world. Since 2020, Regeneron has provided STEM experiences to approximately 2.4 million students, on track to meet its goal of 2.5 million by 2025.
“The talent, intelligence and potential of this year’s Regeneron ISEF finalists is truly inspiring, and I congratulate each on their remarkable achievements,” said George D. Yancopoulos, M.D., Ph.D., co-Founder, Board co-Chair, President and Chief Scientific Officer of Regeneron. “Science competitions like ISEF were pivotal in shaping my own career and fueling my passion to fight back against disease. I look forward to seeing these students continue to push the boundaries of science and technology to create positive and sustainable change for all humanity.”
Other top honors from the competition include:
Justin Huang and Victoria Ou, both 17, of Woodlands, Texas, received the Gordon E. Moore Award for Positive Outcomes for Future Generations of $50,000 for their new prototype filtration system that uses ultrasonic waves to remove microscopic plastic particles from water. In lab tests, the acoustic force from the high-frequency sound waves removed between 84% and 94% of the suspended microplastic particles in a single pass. The students are now working to scale up and fine-tune their experimental system.
Ingrid Wai Hin Chan, 17, of Hong Kong, China received the Craig R. Barrett Award for Innovation of $10,000 for her research on using a multi-sensory therapy for dementia patients. Her mixed therapy app would allow patients to practice physical and cognitive skills through a personalized, immersive environment using virtual reality headsets. Ingrid conducted an eight-week study with six people living with dementia and found that the cognitive function of patients who used her prototype improved in several areas. She believes her app could serve as a viable option for dementia patients with limited access to in-person professional therapy.
Tanishka Balaji Aglave, 15, of Valrico, Florida, received the H. Robert Horvitz Prize for Fundamental Research of $10,000 for her investigation into a natural alternative treatment against citrus greening, a disease that threatens citrus farming in many parts of the world and is currently only treated with antibiotics. Tanishka injected the trunks of infected trees with an extract from the curry leaf tree, and found through tests that this potential method could effectively and sustainably manage citrus greening disease.
Maddux Alexander Springer, 18, of Honolulu, Hawaii, received the Peggy Scripps Award for Science Communication of $10,000 for his research into fibropapillomatosis (FP), a disease that is the primary cause of death in green sea turtles. Some turtles he studied in Kaneohe Bay, Hawaii, were stricken with a disease that causes internal and external tumors that inhibit their everyday lives. After analyzing the turtles’ diet of green algae, Maddux concluded that this disease, wastewater, invasive algae and the amino acid arginine all pose a grave risk to these endangered sea creatures.
Ria Kamat, 17, of Hackensack, New Jersey; Anna Oliva, 17, of Houston, TX; and Shuhan Luo, 18, of Worcester, MA, received the Dudley R. Herschbach SIYSS Award, which provides finalists an all-expense paid trip to attend the Stockholm International Youth Science Seminar during Nobel Week in Stockholm, Sweden.
Jack Shannon, 18, of Clane, Kildare, Ireland, and Nikhil Vemuri, 17, of Cary, North Carolina, received the EU Contest for Young Scientists Award. Their projects will represent Regeneron ISEF at the EU Contest for Young Scientists to be held this September in Katowice, Poland.
For more information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
The full list of Special Award ISEF 2024 Finalists can be found at https://www.societyforscience.org/press-release/regeneron-isef-2024-special-awards-winners.
In addition to the Top Award winners, more than 450 finalists received awards and prizes for their innovative research, including “First Award” winners, who each received a $5,000 prize.
The following lists the First Award winners for each of the 22 categories, from which the Top Awards were chosen:
Animal Sciences, sponsored by Society for ScienceMaddux Alexander Springer, Honolulu, Hawaii
Behavioral and Social Sciences, sponsored by Society for ScienceAndrew Y. Liang, San Jose, California
Biochemistry, sponsored by RegeneronAmy Hong Xiao, Garden City, New York
Biomedical and Health Sciences, sponsored by RegeneronRia Kamat, Hackensack, New Jersey; Kevin Xuan Lei, Shanghai, China
Biomedical Engineering, sponsored by Alfred E. Mann CharitiesAyush Garg, Dublin, California; Divij Motwani, Palo Alto, California; Akash Ashish Pai, Portland, Oregon
Cellular and Molecular Biology, sponsored by RegeneronLara and Maya Sarah Hammoud, Beverly Hills, Michigan
Chemistry, sponsored by Society for ScienceAkilan Sankaran, Albuquerque, New Mexico; Arjun Suresh Malpani and Siddharth Daniel D’costa, Portland, Oregon
Computational Biology and Bioinformatics, sponsored by RegeneronKun-Hyung Roh, Bronx, New York
Earth and Environmental Sciences, sponsored by Google.orgNikhil Vemuri, Durham, North Carolina; Justin Yizhou Huang and Victoria Ou, The Woodlands, Texas
Embedded Systems, sponsored by HPChloe Rae and Sophie Rose Filion, Welland, Ontario, Canada
Energy: Sustainable Materials and Design, sponsored by Siemens EnergyAlia Wahban, Hamilton, Ontario, Canada
Engineering Technology: Statics and Dynamics, sponsored by Howmet Aerospace FoundationChiyo Nakatsuji, Bunkyoku, Tokyo, Japan; Kevin Shen, Olympia, Washington
Environmental Engineering, sponsored by JacobsKrish Pai, San Diego, California; Jack Shannon, Clane, Kildare, Ireland
Materials Science, sponsored by Howmet Aerospace FoundationGrace Sun, Lexington, Kentucky
Mathematics, sponsored by Akamai FoundationAnna Oliva, Houston, Texas
Microbiology, sponsored by Schattner FoundationMatthew Chang, Irvine, California
Physics and Astronomy, sponsored by Richard F. Caris Charitable Trust IIHarini Thiagarajan and Vishal Ranganath Yalla, Bothell, Washington; Shuhan Luo, Worcester, Massachusetts
Plant Sciences, sponsored by Society for SciencePauline Estrada, Fresno, California; Tanishka Balaji Aglave, Dover, Florida
Robotics and Intelligent Machines, sponsored by RegeneronMichal Lajciak, Dubnica nad Vahom, Trenciansky kraj, Slovakia; Anthony Efthimiadis, Oakville, Ontario, Canada
Systems Software, sponsored by MicrosoftMichelle Wei, San Jose, California
Technology Enhances the Arts, sponsored by Society for ScienceAnant Khandelwal, Sritan Motati and Siddhant Sood, Alexandria, Virginia
Translational Medical Science, sponsored by RegeneronZheng-Chi Lee, West Lafayette, Indiana; Ingrid Wai Hin Chan, Hong Kong, China
The full list of all award-winning ISEF 2024 finalists is available here: https://www.societyforscience.org/press-release/regeneron-isef-2024-full-awards.
View all the finalists’ research here: https://projectboard.world/isef.
About the Regeneron International Science and Engineering FairThe Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science for over 70 years, is the world’s largest global science competition for high school students. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $9 million in awards and scholarships.
In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, including Akamai Foundation, Alfred E. Mann Charities, Aramco, Caltech, Google.org, Gordon and Betty Moore Foundation, Howmet Aerospace Foundation, HP, , Jacobs, King Abdulaziz & his Companions Foundation for Giftedness and Creativity, Microsoft, National Geographic Society, Richard F. Caris Charitable Trust II, Rise, an initiative of Schmidt Futures and the Rhodes Trust, Schattner Foundation, Siemens Energy, Annenburg Foundation, Ballmer Group, Broadcom Foundation, Cesco Linguistic Services, Conrad N. Hilton Foundation, Edison International, Insaco, Oracle Academy, The Eli and Edythe Broad Foundation, The Ralph M. Parsons Foundation and US Army ROTC. Many are entrepreneurs across a wide range of industries. Learn more at https://www.societyforscience.org/isef/.
About Society for ScienceSociety for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge, and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).
About RegeneronRegeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases and rare diseases.
Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious diseases, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most “community-minded” companies in the U.S. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro bono and matching gift programs. Our most significant philanthropic commitments are in the area of early science education, including the Regeneron Science Talent Search and the Regeneron International Science and Engineering Fair (ISEF).
For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.
More information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
Media ContactsJoseph Brown, [email protected]
Gayle Kansagor, Society for [email protected]
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Artificial Intelligence
J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit
In conjunction with Abu Dhabi Global Healthcare Week 2024
ABU DHABI, UAE, May 17, 2024 /PRNewswire/ — J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Group announced today Rayees Rahman of Harmonic Discovery as the winner of the inaugural J.P. Morgan Asset Management: Life Sciences Innovation Summit. Harmonic Discovery is a precision pharmacology company applying its generative chemistry platform to advance next-generation kinase inhibitors.
In partnership with the Department of Health – Abu Dhabi (DoH), the Summit took place on May 14-15, 2024 at Cleveland Clinic Abu Dhabi and showcased the 11 innovative finalists, as well as highlighted existing innovators and opportunities in the Emirate of Abu Dhabi. The event also featured keynote speeches from Dr. Laurie Glimcher of Dana-Farber Cancer Institute, Dr. Shahrukh Hashmi of the Department of Health – Abu Dhabi, and Dr. David Ho of Columbia University Medical Center and provided attendees networking opportunities to gain valuable insights into the future of life sciences innovation.
In addition, the jury designated Chun-Hao Huang of Algen Biotechnologies as honourable mention. Algen Biotechnologies is a platform therapeutics and drug discovery company using world-leading CRISPR and AI to find treatments for cancer, inflammation and metabolic diseases.
The winners were selected by an esteemed, international panel of judges, which included:Laurie Glimcher, MD, President and CEO at Dana-Farber Cancer InstituteJorge Guzman, MD, CEO at Cleveland Clinic Abu DhabiProf. Shahrukh Khurshid Hashmi, MD, Director of Research, Department of Health, Abu DhabiYasmine Hayek Kobeissi, PhD, CQF, BSc., Executive Director at Blue Horizon AdvisorsAnya Schiess, Managing Partner at J.P. Morgan Life Sciences Private CapitalWalid Zaher, PhD, Co-Founder and CEO, Carexso
Dr. Asma Al Mannaei, Executive Director of the Research and Innovation Centre at the Department of Health – Abu Dhabi said: “Under the directives of the UAE’s wise leadership, and renowned for its world-leading medical infrastructure, Abu Dhabi stands at the forefront of healthcare excellence, offering an unparalleled opportunity for advancement in healthcare for global partners. It was our utmost pleasure hosting the J.P. Morgan Asset Management Life Sciences Innovation Summit 2024 on the sidelines of Abu Dhabi Global Healthcare Week and we commend the winners for their pioneering efforts in driving impactful advancements in healthcare; their dedication to innovation not only transforms the landscape of medicine, but also holds the promise of improving lives worldwide.”
Stephen Squinto, PhD, Chief Investment Officer, J.P. Morgan Life Sciences Private Capital said: “We are thrilled with the level of biotech passion and innovation that we observed at this year’s Summit in Abu Dhabi. The energy was truly palpable we are thrilled to announce Rayees Rahman as the winner of our first Life Sciences Innovation Summit. Harmonic Discovery’s approach embodies the next generation of drug discovery and development. We appreciate the time and effort of all participants and cannot wait for our next event in the region.”
Nabil Kobeissi, Chief Executive Officer of Blue Horizon Advisors, said: “As the main sponsor, we are committed to nurturing and fostering the growth of all 11 finalists in this vibrant biotech ecosystem. This Summit marks the beginning of a transformative journey, and we are confident that it will pave the way for a flourishing hub in the region. We are also pleased to announce that we will commit to invest in and partner with the winner, Harmonic Discovery, to support its future growth in the region.”
Sponsors for the event included J.P. Morgan Life Sciences Private Capital, J.P. Morgan Commercial Bank, Blue Horizon Advisors, United Al Saqer Group, Thermo Fisher Scientific, and Salam Capital. The Summit organisation, logistics and finalist recruitment were facilitated by Lyfebulb.
Of importance, at the Summit, Mr. Mohamed Al Breiki, Executive Director of Sustainable Development at Masdar City, announced that Masdar City Free Zone would award all 11 Finalists complimentary business licenses to further support their establishment in the region. Masdar City is one of the world’s most sustainable urban developments and innovation hubs with a growing focus on life science entrepreneurship in Abu Dhabi.
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Artificial Intelligence
Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024
SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.
Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure
At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.
According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.
Steering Data Centers to the AI Era with Product + Service + Ecosystem
During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.
To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.
Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.
The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.
During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.
In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.
On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.
A single tree cannot make a forest.
AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.
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