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Utility Vegetation Management Market is Expected to Reach USD 39.27 billion by 2029

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Pune, India, April 11, 2023 (GLOBE NEWSWIRE) — The utility vegetation management market size size was valued at USD 22.87 billion in 2021 and USD 24.28 billion in 2022. The market is expected to reach USD 39.27 billion by 2029 with a CAGR of 7.1% during the forecast period. Utility vegetation management refers to the analysis of vegetation growth and safe removal. Increasing number of investments in distributed energy resources has boosted the mileage of power lines, which is propelling the demand for vegetation management in utilities. Fortune Business Insights™ shares this information in its report titled “Utility Vegetation Management Market, 2022-2029.”

Industry Developments:

November 2022: AiDash announced a strategic investment of USD 10 million from SE Ventures, backed by Schneider Electric. AiDash is a provider of satellite and AI-powered operations, maintenance, and sustainability solutions. The fund will be used to augment its satellite- and AI-powered vertical SaaS products.

Request a Free Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/utility-vegetation-management-market-107247

Report Highlights:

Report Coverage Details
Forecast Period 2022-2029
Forecast Period 2021 to 2028 CAGR 7.1%
2029 Value Projection USD 39.27 billion
Base Year 2020
Market Size in 2022 USD 24.28 billion
Historical Data for 2017-2019
No. of Pages 180
Segments covered By Service, Technology, and Region
Growth Drivers Increasing Number of Severe Weather Disasters to Drive Market Development
Insecticides & herbicides to be the Prime Part as they are Utilized Most to Remove Weed Growth

Drivers and Restraints:

Increasing Number of Severe Weather Disasters to Drive Market Development

Increasing number of severe weather disasters and conditions are projected to drive the utility vegetation management market growth. Extreme weather conditions increase the probability of trees outside the right-of-way falling into and tripping electric power lines which calls for urgent remediation measures. Moreover, global warming has led to the rise in temperatures, reducing pruning cycles, and increasing the recurrence of vegetation treatment around utilities. Increase in mileage power lines for enhancing the power is set to propel the market growth.

However, high cost of vegetation management is expected to impede the market expansion.

COVID-19 Impact:      

Halt on Ongoing Transmission and Distribution Projects Led to Negative Market Growth

The outbreak of the COVID-19 pandemic affected the deployment of new grid infrastructure. It also affected the ongoing transmission and distribution projects. Moreover, new project investments were reduced due to lower electricity requirements in industries. There has been a rise in the development of green technology which propelled the market growth.

Click here to get the short-term and long-term impact of COVID-19 on this market. Please visit: https://www.fortunebusinessinsights.com/utility-vegetation-management-market-107247

Segments:

Treatment Segment to Have Maximum Share with Increasing Adoption of Regulation Technologies

Based on service, the market is divided into treatment, pre-planning & monitoring, and reactive repair. The treatment segment is estimated to have the maximum share in the segment due to increasing adoption of vegetation removal and growth regulation technologies. The pre-planning & monitoring segment is set to have the highest CAGR due to technologies such as aerial monitoring such as drones, satellites, and LiDAR.

Insecticides & herbicides to be the Prime Part as they are Utilized Most to Remove Weed Growth

According to technology, the market is divided into insecticides & herbicides, plant growth regulators, LiDAR, and others. The insecticides & herbicides segment is set to hold the largest part as insecticides & herbicides are utilized most to remove weed growth near transmission lines and to control insects near the vegetation, which might damage power lines. Plant growth regulators are used to control the growth of weeds in the area of electrical utility infrastructure.

Quick Buy –  Utility Vegetation Management Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/107247

Report Coverage:

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market’s key players.

Regional Insights:

North America to Lead the Market Share due to its High Spending Power

North America has the dominant utility vegetation management market share due to the region’s high spending in vegetation management services and solutions. According to Leidos’ Commercial Energy, electric utilities in the U.S. spend almost USD 7 billion annually on utility vegetation management services and solutions.  

Europe is projected to show an important growth with Germany dominating the region due to technological advancements.

Increasing developments and rapid rate of urbanization are surging the demand for electricity, which is expanding the transmission lines in the region. Infrastructural development is set to propel the market growth.

Competitive Landscape:

Investments in New Technologies by Key Players to Drive Market Course

The market is fragmented into numerous players who are actively investing in new software development for monitoring purposes. They are investing in various technologies such as LiDAR and satellite imagery, Machine Learning and Artificial Intelligence (ML/AI), cloud computing, analytics and automation, real-time applications, and automated change detection. In August 2021, Earth Observation company LiveEO’s satellite-based vegetation monitoring solution for the medium-voltage network was rolled out with the German grid operator E.DIS.

List of Key Players Profiled in the Report:

  • Corteva (U.S.)
  • NM Group (U.S.)
  • BASF SE (U.S.)
  • Boultbee Vegetation Management (U.S.)
  • Helena Professional Products (U.S.)
  • Iapetus Infrastructure Services (U.S.)
  • Leidos (U.S)
  • TRC Companies, Inc (U.S.)
  • Capgemini (France)
  • IBM (India)
  • Cyient (U.S.)
  • GETAC (Taiwan)
  • ArborSystems, Inc. (U.S.)

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/utility-vegetation-management-market-107247

Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Latest Technological Advancement
    • Regulatory Landscape
    • Porters Five Forces Analysis
    • Impact of COVID-19 on the Utility Vegetation Management Market
  • Global Utility Vegetation Management Market Analysis (USD Billion), Insights, and Forecast, 2018-2029
    • Key Findings / Summary
    • Market Analysis, Insights, and Forecast – By Service
      • Treatment
      • Pre-planning and Monitoring
      • Reactive Repair
    • Market Analysis, Insights, and Forecast – By Technology
      • Insecticides & Herbicides
      • Plant Growth Regulators
      • LiDar
      • Others
    • Market Analysis, Insights, and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa
  • North America Utility Vegetation Management Market Analysis (USD Billion), Insights, and Forecast, 2018-2029
    • Key Findings / Summary
    • Market Analysis, Insights, and Forecast – By Service
      • Treatment
      • Pre-planning and Monitoring
      • Reactive Repair
    • Market Analysis, Insights, and Forecast – By Technology
      • Insecticides & Herbicides
      • Plant Growth Regulators
      • LiDar
      • Others

Inquire Before Buying: https://www.fortunebusinessinsights.com/enquiry/queries/utility-vegetation-management-market-107247

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them in addressing various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

U.S. :+1 424 253 0390

U.K. : +44 2071 939123

APAC : +91 744 740 1245

Email: [email protected]  

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Cyber insurtech BOXX partners with Zurich Insurance Group in Switzerland to introduce breakthrough personal cyber product

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TORONTO, May 21, 2024 /PRNewswire/ — Award-winning global Insurtech BOXX Insurance Inc. that combines cyber insurance and security has announced the launch of a cutting-edge cyber risk solution in collaboration with Zurich Insurance Group in Switzerland, providing digital protection for individuals and families. 

Recognizing the critical need for comprehensive protection against digital threats Zurich Insurance in Switzerland has partnered with technology partner BOXX Insurance to develop a user-friendly solution designed to help individuals and families better predict and prevent potential scams and digital threats.
Designed for simplicity, the app’s personalized experience puts users’ digital safety front and centre, featuring an easy-to-use interface designed by Zurich Insurance in Switzerland and developed by BOXX in close collaboration with Zurich. The App is now available in Switzerland offering support in English, German, French and Italian.
“We created this to give individuals and families what they want – an app that delivers an essential bundle of tools at users fingertips including access to experts in the event of a cyber emergency,” explained Vishal Kundi, CEO and Founder, BOXX Insurance. “Smartphones have become the fastest-selling gadgets in history. They have penetrated every aspect of daily life. The average person picks their phone up to 100 times a day so if we want to make their world a digitally safer place, we have to ensure their phone and their usage is better secured,” Kundi added.
“An extensive research conducted by Zurich Insurance in Switzerland showed that many are not aware of online dangers and that around a quarter have already been victims of a cyber-attack. In addition, customers are simply overwhelmed with the range of cyber products,” says René Harlacher, Chief Underwriting Officer of Zurich Insurance in Switzerland. “At Zurich, it’s our mission to go beyond mere protection, and also offer our customers tools to help them build resilience and implement preventative measures against cyber risks. Based on these facts, we are expanding our cyber offering for private individuals so that we can provide them with support before, during and after a possible cyber-attack. This is exactly where our joint offering with BOXX Insurance comes in, as a way to lend additional support to our customers,” he adds.
The newly launched solution by Zurich Insurance in Switzerland focuses on providing essential services to help prevent digital threats combined with emergency assistance and support in case of an emergency. Delivered to end customers by Zurich, key features include:
Identity Protection: Identifies if personal data captured in the app shows up on the dark web and notifies users, providing help and advice to reduce threats of identity theft.Secure VPN: By creating a secure and encrypted internet connection the VPN protects data from potential threats such as hacking, identity theft, and phishing attacks. Secure WiFi: Scans WiFi networks for threats and helps proactively detect security issues.Safe Browsing: Warns against harmful websites and links to protect privacy and personal data.Device Protection: Checks and improves the security settings of devices. Devices with the Android operating system are additionally protected against viruses and malware.Password Manager: Creates and manages strong passwords and assists with their use.Edutainment: Educational content in an entertaining way to raise awareness of personal cyber security.Emergency Support and Assistance: Help and assistance from cyber security experts to provide support in cyber emergencies and for many other IT-related problems.   The new offering is available here: https://www.zurich.ch/en/private-customers/living-events/cyberprotection/insurance-prevention
“From providing protection from the dangers of being connected at home and on the go, customers now have the means to keep their devices and data secure and have access to indispensable help in an emergency, all in one easy-to-use app,” Kundi added.
Zurich has been working with BOXX since 2021 and participated in BOXX’s Series A and Series B funding rounds. As a Zurich Global Ventures portfolio company, BOXX is proud to now extend the ongoing collaboration with Zurich to enable Swiss customers to be digitally safer.
About BOXX Insurance 
BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats. Privately-held with headquarters in Canada, BOXX has global offices in Toronto, Miami, Zurich, Dubai and Mumbai.
BOXX Insurance is an award-winning global cyber protection and insurance provider. We’re not a typical company. That’s by design. We’re serious about making the world a digitally safer place; creating real, positive changes for our clients and partners, and building a lasting legacy, from what we create, inside the BOXX.
Every day we’re improving the digital health of businesses, families and individuals around the world who rely on BOXX’s solutions and services to predict, prevent and insure them against cyber threats.
Media Contact: Sarah Madden, [email protected] 

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Artificial Intelligence

Amp Finalises Commercial Agreements for Cape Hardy Advanced Fuels Precinct

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ADELAIDE, Australia, May 21, 2024 /PRNewswire/ — Amp Energy (“Amp” or the “Company”) announced today it has finalised all required commercial agreements for the development of the Cape Hardy Advanced Fuels Precinct – one of the leading green hydrogen, green ammonia and advanced fuel projects in Australia. The agreements, which were executed with Iron Road Ltd, include the purchase of a 630-hectare parcel of land at Cape Hardy as well as finalised royalty structure and common user infrastructure agreement. Amp will continue to build upon development progress made since announcing the Strategic Framework Agreement with Iron Road Ltd in April 2023 to bring advanced fuel production capacity to Cape Hardy.

The Cape Hardy Advanced Fuels Precinct will provide production at scale with up to 10 GW of planned electrolyser capacity. Development will be structured to initially bring 1 GW online with incremental stages to reach 10 GW of total capacity.   The project will both cater to the domestic Australian market, supporting the Australian Government’s net zero goals, while also featuring global export capabilities.  To facilitate distribution, Cape Hardy will be equipped with Australia’s first purpose-built advanced fuels export terminal.   
Amp has been in discussions to develop the Cape Hardy Advanced Fuels precinct, in collaboration with Iron Road Ltd and The Government of South Australia, for the past two years. During that time, Amp has made significant development progress.  The project’s concept, design, and pre-Front End Engineering Design (FEED) phase have been studied and reviewed by two leading global engineering firms, Arup and Technip Technologies, as Amp targets completion of pre-FEED studies for the first 1 GW electrolyser phase over the next 9 months. FEED scoping and contracting is currently underway ahead of awarding the FEED contract in late 2024 or early 2025.
Desalinated water is to be sourced from the recently announced Northern Water Supply (NWS) seawater desalination plant that will be located at Cape Hardy to meet the project’s demand for electrolyser feed water, cooling water, process plant water, and fire water. Amp is co-funding pre-FID expenditures for the NWS project.
Additionally, Amp is working closely with the Barngarla Determination Aboriginal Corporation RNTBC (“BDAC”).  With continued support from the BDAC, Amp is confident the Cape Hardy Advanced Fuels Precinct will have a meaningful economic impact on the region.  Amp currently estimates this will include approximately 4,000 direct and 6,000 indirect jobs for the first gigawatt of electrolyser capacity alone.
“We are seeing growing demand for Advanced Fuels both in Australia and abroad. This includes green ammonia, liquid hydrogen, methanol, and sustainable aviation fuel. The Cape Hardy Advanced Fuels Precinct will allow for large-scale production of these fuels that will be critical to the energy transition and achieving net zero targets. We could not be more excited about the project’s potential impact, and we are grateful for the partnership and continued support from Iron Road Ltd, the South Australian Government and BDAC as we progress full steam ahead on development” said Paul Ezekiel, Amp President and Co-founder.
Minister for Trade and Investment, Joe Szakacs said “The State Government recognises the strategic importance of the Cape Hardy Advanced Fuels Precinct attracting investment into the state for domestic and export opportunities, as there is an increasing flight to quality for hydrogen projects worldwide.”
About AmpAmp Energy is a global energy transition development platform, which delivers renewables, battery storage, Advanced Fuels and green AI data centers at scale, together with proprietary AI-enabled grid flexibility through its Amp X platform. Since its inception 15 years ago, Amp has developed and built or contracted 14 GW of assets globally. Amp is backed by major investments from institutional capital partners including global private equity firm the Carlyle Group, who has invested over US$440 million. The company has global operations throughout North America, the UK, Australia, Japan, and Spain.
For more information, please visit amp.energy

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GEEKOM A8 AI PC is now available for €799 and up.

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TAIPEI, May 21, 2024 /PRNewswire/ — The GEEKOM A8, a highly anticipated Next-Gen AI mini PC with an AMD HawkPoint Ryzen 8040 processor, is now available.

The A8 employs a metal housing with rounded corners and anodized matte finish, giving it a gorgeous and stylish look. Having a footprint smaller than the palm of a hand, the mini PC will conveniently fit in all types of desktop arrangement and instantly elevate the aesthetics of any workspace.
There are two variants of the GEEKOM A8, users have the option to choose between two processors from the same AMD HawkPoint family: Ryzen 7 8845HS and Ryzen 9 8945HS. Both chips feature 8 Zen 4 CPU cores, 16 threads, 16MB L3 cache, an AMD Radeon 780M integrated GPU as well as a Ryzen AI Engine NPU, but the Ryzen 9 8945HS is designed to offer slightly better performance, thanks to its higher CPU and GPU frequencies.
With a greatly enhanced NPU, the A8 can execute 60% more AI workloads than mini PCs with last-generation Ryzen 7040 chips, allowing users to embrace a new era of AI computing. For average consumers, the A8 will quickly find answers to all questions and turn texts into images and videos. For business users, the A8 will automatically summarize notes, transcribe calls, and take meeting minutes. For professional content creators, the A8 will bring much faster AI-powered photo editing, quicker video output, and speedier multi-tasking, helping bring the most ambitious ideas to life. With the new IceBlast 1.5 cooling technology, the A8 can stay cool and stable even when tasks are loaded.
Besides its powerful performance, the A8 also offers a wide array of ports, including four USB-A (including three USB3.2 Gen2), two HDMI2.0, a 40Gbps USB4, a multi-function Type-C, an SDXC slot, and a 3.5mm audio jack. Users can choose to connect the mini PC to an eGPU, ultra high-speed portable storage, or up to four 4K displays.
The A8 is now available on GEEKOM’s independent website. The 8845HS and 8945HS variants are priced at €799 and €949 respectively. Regardless of the CPU option, each unit is preinstalled with 32GB dual-channel SO-DIMM DDR5-5600 RAM, a fast 1TB M.2 2280 PCIe4.0*4 SSD, a wireless card that supports WiFi 7 and Bluetooth 5.4, and a licensed copy of Windows 11 operating system.
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