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Global Heat Lamps Market is set to reach US$ 3.29 Billion by 2033; Growing at a CAGR of 15.6% | Future Market Insights, Inc.

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NEWARK, Del, May 18, 2023 (GLOBE NEWSWIRE) — The global heat lamps market is expected to reach a valuation of US$ 785.8 Million in 2023. Future Market Insights reports say that the market is expected to grow at a 15.6% CAGR from 2023 to 2033, anticipated to be valued at US$ 3.29 Billion by the end of 2033. The heat lamp market was valued at US$ 675.4 Million in 2022.

The size of the heat lamp market has expanded significantly and is expected to continue growing at an impressive rate. The increase in market size has attracted many investors, and industry players are continuously devising strategies to maintain their market share and reach new customers. Market share in the heat lamp industry has been growing steadily, which has created healthy competition and propelled innovation in the industry. A rise in market share is an indication of the trust and confidence that customers have in the product or service and is a positive sign for the market.

Find an overview of this market in the Sample report available in PDF format @ https://www.futuremarketinsights.com/reports/sample/rep-gb-17176

Some smart electric heaters also incorporate artificial intelligence (AI) algorithms that can learn your preferences and habits over time, allowing them to automatically adjust the temperature and settings to optimize energy efficiency and save you money on your heating bill. The main focus of the manufacturers is on the global expansion plans which are, setting up new offices and partnering with local distributors to cater to the growing demand from water and wastewater treatment facilities.

Advancements in the design of electronic ballasts in combination with intelligent heat lamps are investing in other companies substantially in Research and Development activities for the introduction of efficient products.

Key Takeaways:

  • Market demand expanded at a CAGR of 15.1% from 2018 to 2022.
  • Asia-Pacific will register a CAGR of 14.6% of the market share.
  • The north American market will register a CAGR of 14.9% of the market share.
  • The freestanding market is said to witness the highest CAGR of 7.0% during the forecast period.
  • Freestanding type of heat lamps market to dominate type segment of heat lamps market.
  • The commercial sector is said to dominate the market application type segment of the heat lamps market.

“Increased demand in the agriculture sector and rise in the number of new start-ups are some of the primary drivers driving global demand trends of heat lamps market,” comments an analyst at Future Market Insights (FMI). 

Competitive Landscape:

Some of the prominent players in the global market are-

  • Hatco Corporation
  • Waring Commercial
  • Nemco Food Equipment
  • Vollrath Company
  • Winco
  • Avantco Equipment
  • Adcraft
  • Cal-Mil
  • Carlisle FoodService Products
  • CookTek

Some of the important developments of the key players in the market are:

  • In December 2022, Hatco Corporation debuted its heated glass shelves with a foundation for warming food.
  • In September 2022, Duke Manufacturing Co. Inc. partnered with Victor Manufacturing Ltd. for the distribution of hot-holding platforms in the United Kingdom market.

Talk to our analyst and get the complete information of this report @ https://www.futuremarketinsights.com/ask-question/rep-gb-17176

More Valuable Insights Available:

Future Market Insights offers an unbiased analysis of the global heat lamps market providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the heat lamps market is segmented based on major by types (freestanding, mounting- adjustable height, adjustable angle), by application (commercial, residential, industrial) and by Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)

Key Segments Profiled:

By Types:

  • Freestanding
  • Mounting
  • Adjustable Height
  • Adjustable Angle

By Application:

  • Commercial
  • Residential
  • Industrial

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Grow your profit margin – buy this report at a discounted price now @ https://www.futuremarketinsights.com/checkout/17176

Table of Content (ToC):

1. Executive Summary | Heat Lamps Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and Their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyers

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

Read More for Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-17176

About the Process Automation Division at Future Market Insights (FMI):

The process automation team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Million+ data points, the team has been analysing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

Explore FMI’s Extensive Ongoing Coverage on Process Automation Market:

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Compartment Sinks Market Trends: The worldwide compartment sinks market is expected to be worth US$ 810.4 Million in 2023. Future Market Insights reports say that the market will expand at a projected to grow at a CAGR of 6.3% between 2023 and 2033.

Tray Dispensers Market Demand: The global tray dispensers market size is expected to be valued at US$ 1.6 Billion in 2023.

Banquet Cabinets Market Analysis: The global banquet cabinets market size is expected to be valued at US$ 878.4 Million in 2023.

Banquet Carts Market Outlook: The worldwide banquet carts market is expected to be worth US$ 800 Million in 2023. Future Market Insights reports say that the market will expand at a projected to grow at CAGR of 8.5% between 2023 and 2033, totalling around US$ 1,800 Million by 2033.

Drawer Warmers Market Forecast: The global drawer warmers market size is expected to be valued at US$ 307.2 Million in 2023.

Strip Warmers Market Sales: The global strip warmers market is expected to be valued at US$ 247.4 Million in 2023.

Steam Tables and Food Wells Market Values: The global steam tables and food wells market size is expected to be valued at US$ 742.2 Million in 2023.

Countertop Warmers and Display Cases Market Growth: The global countertop warmers and display cases market is expected to be worth US$ 2.23 Billion in 2023. Future Market Insights reports that the market will expand at a projected CAGR of 3.9% between 2023 and 2033, totalling around US$ 3.27 Billion by 2033.

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact Us:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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For Sales Enquiries: [email protected]

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Artificial Intelligence

TRON Forum collaborates with four major microcontroller manufacturers to hold TRON Programming Contest Using World-Standard Real-Time OS with 5 million JP YEN cash prize

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TOKYO, March 29, 2024 /PRNewswire/ — TRON Forum (Chair: Ken Sakamura, Professor Emeritus of the University of Tokyo) is pleased to announce that four microcontroller manufacturers, Infineon Technologies Japan K.K. (President & CEO: Ikuya Kawasaki), STMicroelectronics K.K. (Country Manager for Japan: Koichiro Takakuwa), NXP Japan K.K. (President & CEO: Masayuki Wajima), and Renesas Electronics Corporation (President & CEO: Hidetoshi Shibata) have collaborated with the Forum to hold TRON Programming Contest from Monday, December 11, 2023 jointly. The initial registration is being accepted now.

This contest is for engineers and students in Japan and overseas to compete in various  fields such as microcontroller applications, middleware, development environments, and tools using a member of TRON real-time OS (RTOS) family, “μT-Kernel 3.0” (*), which is a global standard of small-scale embedded computer systems.
(*) μT-Kernel 3.0 is an RTOS that fully complies with the real-time OS standard “IEEE 2050-2018” (IEEE Standard for a Real-Time Operating System (RTOS) for Small-Scale Embedded Systems) and runs on microcontrollers from various manufacturers.
Using the latest microcomputer boards provided by the manufacturers, contestants will compete in technologies that bring out the characteristics of RTOSs such as real-time performance, power saving, and small memory footprint, as well as development environments and tools that utilize new technologies.
The details of the contest with the total amount of cash prize, five million Japanese yen are at the following URL: https://www.tron.org/programming_contest/
About TRON Forum
TRON Forum was established in 2002 to promote TRON Project. We have been actively conducting activities centered on the T-Engine project, which prepares the development environment for embedded systems, and the operation of Ubiquitous ID Centers such as ucode.
In May 2015, Chair Sakamura received the ITU 150th Anniversary Award together with Bill Gates and others for his advocacy of open architecture TRON, which is the origin of ubiquitous networking and the IoT.
One member of the TRON RTOS family has been adopted as an international standard for real-time operating systems (RTOS) for small-scale embedded systems as 2050-2018 by Institute of Electrical and Electronics Engineers (IEEE), the world’s largest association of its kind and an international standardization organization. In 2023, the project leader, Chair Sakamura, received the IEEE Masaru Ibuka Consumer Technology Award from the IEEE in honor of the late Mr. Ibuka. In addition, the TRON RTOS family received the IEEE Milestone recognition in 2023.
URL: https://www.tron.org 
 
 

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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