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Marine Construction Activities to Enable Industrial Workboats Market to Reach US$ 2.5 Bn in 2022

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The global industrial workboats market size is projected to reach US$ 4.6 Bn in 2032, registering 6.2% CAGR between 2022 and 2032. Increasing environmental concern associated with shipping emissions across the globe is likely to push sales of industrial workboats.

As per Fact.MR, the global industrial workboats market is set to reach a valuation of US$ 2.5 Bn in 2022. Growth in the market is anticipated to surge owing to the surging adoption of marine hybrid propulsion systems to reduce carbon footprint across the globe.

Further, rising focus of manufacturers on the development of new industrial workboats with features, such as improved cruise planning, more streamlined hulls, air cushions, low-carbon fuel, and better hull coatings to reduce friction is another vital factor that would bolster growth.

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In addition to that, increasing usage of industrial workboats in marine construction to deliver robust support for offshore oil and gas platforms is likely to fuel growth. Workboats are also set to be utilized for the transportation of crew members and supply of crucial equipment for construction projects.

Rising number of port operators to initiate movement of goods is anticipated to augur well for the U.S. industrial workboats market in the evaluation period. Germany, on the other hand, is expected to showcase considerable growth with increasing government initiatives to accelerate hydrogen production.

Key Takeaways:

  • The U.S. industrial workboats market is projected to generate a share of about 90.2% and expand at a CAGR of 7.2% in North America by 2032.
  • Germany industrial workboats market is set to remain in the second position by generating revenues nearly 19.3% of share in 2032.
  • Based on type, the transportation workboats category is expected to showcase steady growth at a CAGR of 6.9% in the upcoming decade.
  • By power source, electric industrial workboats are anticipated to account for approximately 11.8% of the industrial workboats market share in 2032.
  • The global industrial workboats market stood at US$ 2.4 Bn in 2021 and recorded a CAGR of 1.2% in the historical period between 2017 and 2021.

Growth Drivers:

  • Increasing investments in sustainable solutions, especially in marine energy, offshore wind, and oil & gas industries are set to augment growth.
  • Ongoing development of plug-in hybrid diesel-electric propulsion for industrial workboats to reduce emissions is likely to drive growth.

Restraints:

  • Aquaculture often requires cleaning of large areas of mangroves that can alter the ecosystem, thereby hindering demand for industrial workboats.
  • Diesel engines can create high noise levels and thus cabins of industrial workboats need to be well insulated.

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Competitive Landscape:

The global industrial workboats market is highly competitive and fragmented in nature with the presence of various international and local manufacturers. The majority of these companies are focusing on mergers and acquisitions with key players based in numerous parts of the globe to broaden their portfolios and geographic presence. Meanwhile, some of the other companies are focusing on gaining access to state-of-the-art utility vessels for underwater operations.

For instance,

  • In May 2022, Elastec, a prominent manufacturer of oil spill cleanup and surface water pollution equipment headquartered in the U.S., acquired Kepner Plastics. Elastec acquired the latter’s entire assets and product line. Kepner’s innovative technology would help Elastec to develop novel equipment and attract new customers.
  • In April 2022, Kames, a leading fish welfare and sustainable farming company based in Argyll, received the delivery of Damen LUV 2208. The company would be able to enhance its waterborne operations with the help of the vessel at its steelhead trout farm. The vessel is capable of providing a suitable platform for aquaculture operations.

Key Companies Profiled by Fact.MR

  • Daewoo Shipbuilding & Marine Engineering Co Ltd
  • Damen Shipyards Group
  • Elastec, Inc.
  • Korea Shipbuilding & Offshore Engineering Co Ltd
  • Samsung Heavy Industries Co, Ltd
  • Workskiff Inc.

More Valuable Insights on Industrial Workboats Market

Fact.MR in its latest study offers a comprehensive analysis on the global industrial workboats market. It also provides key information such as latest trends, drivers, and challenges factors that are expected to influence sales of industrial workboats during the forecast period of 2022 to 2032. It also uncovers critical forecast data for the industrial workboats market through detailed segmentation as follows:

By Type:

  • Harbor Maintenance Workboats
  • Surveying Workboats
  • Transportation Workboats
  • Ferries
  • Cargo Workboats

By Power Source:

  • Diesel Industrial Workboats
  • Electric Industrial Workboats
  • LNG Industrial Workboats
  • Hybrid / Plug-in Hybrid Industrial Workboats

By Application:

  • Offshore Support
  • Port Operation

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

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Key Questions Covered in the Industrial Workboats Market Report

  • Who are the leading players in the industrial workboats market?
  • Which region is anticipated to dominate the global industrial workboats market during 2022-2032?
  • What is the expected value of industrial workboats market in 2022?
  • Which are the challenges faced in the industrial workboats market?
  • What will be the market size of global industrial workboats market during the forecast period (2022-2032)?
  • At what rate will the global industrial workboats market grow until 2032?

Explore Fact.MR’s Coverage on the Industrial Goods Domain

Industrial Motor Market: As per Fact.MR, the global industrial motor market is set to reach USD 25.9 Bn by 2032 and exhibit growth at a CAGR of 3.9% in 2022-2032. Surging usage of industrial motors in fans, hydraulics, pumps, HVAC, and mixers is projected to bode well for the global market.

Industrial Bag Dust Filter Market: The global industrial dust bag filter market is estimated to be valued at USD 2,922 Mn in 2032 and it stood at USD 1,766 Mn in 2021. High demand for industrial bag dust filters in the pharmaceutical and mining industries is anticipated to aid growth.

Industrial Motor Brakes Market: Ability of industrial motor brakes to ensure smooth functioning and enable an uninterrupted workflow is likely to bolster the market in future. In addition, increasing focus of manufacturers on reducing machine stop time and propelling the production of Automated Guided Vehicles (AGV) is expected to drive growth.

Industrial Margarine Market Study: Demand for Industrial margarine is increasing due to the rising preference of consumers for natural products such as Industrial margarine. However, demand for Industrial margarine is less in comparison to butter as Industrial margarine consists of additives.

Industrial Radiators Market Growth: In terms of regional demand, Asia-Pacific impressively holds the topmost position in the industrial radiators market owing to the massive growth in industrialization and growing power demand coupled with sustainable energy generation.

Industrial Hydraulic Filters Market Report: The key driving factor for the global industrial hydraulic filters market is the constantly evolving petrochemical, mining and construction machinery sector, which has resulted in increased demand for industrial hydraulic filters across all major developing economies.

Industrial Air Blowers Market Research: The global industrial air blowers market is projected to witness vigorous growth in developing, as well as developed economies, during the forecast period, according to the company’s recent study.

Industrial Battery Chargers Market Share: Growth of the global industrial battery chargers market is directly proportional to the dynamics in the end use industries. Ongoing outbreak of COVID-19 is will hinder growth of the industrial battery chargers market as it is expected to witness sharp downfall in demand for next couple of years

Artificial Intelligence

Ancoris Recognised as Top Place to Work for Second Year Running by The Sunday Times

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Ancoris recognised for fostering a sense of empowerment and respect within the workplace91% of Ancoris employees feel empowered at work93% of employees say that are treated with respectLONDON, May 21, 2024 /PRNewswire/ — Ancoris, a UK-based Google Cloud services provider, has been named a Top Medium Business in The Sunday Times 2024 Best Places to Work list. The accolade has been awarded for the second year in a row, and recognises Ancoris’ focus on DEI; its commitment to empowerment, reward, and recognition; and its wellbeing policies and frameworks.

“I am so pleased to see Ancoris recognised, once again, as a top place to work!” says Andre Azevedo, Ancoris CEO. “Ancoris is a place where we try our best to foster collaboration, empowerment, innovation, and respect – so to have our employees echo this and respond in the way they have is amazing.”
The Sunday Times survey captured Ancoris employees’ responses in a number of categories: Reward and Recognition, Information Sharing, Empowerment, Wellbeing, Instilling Pride, and Job Satisfaction. The independently managed survey showed Ancoris scoring “excellent” across all six engagement categories, with top scores in Empowerment, Wellbeing, Reward & Recognition. In response, 93% of employees say they are treated with respect; 92% feel trusted and able to make decisions; and 91% of employees feel empowered at work.
“We’ve seen a lot of change over the last 12 months. The rise of Generative AI has caused shifts in our market and  economic conditions are causing customers to really qualify where they make technology investments. These pivots undoubtedly have an impact on our employees and how people feel at work,” Azevedo continues. “I truly believe, however, the innovative work we are doing for our customers has helped us maintain and create an even stronger sense of collaboration and pride for our team members. We’re lucky to have so many smart people within our business, so continuing to give them interesting, challenging, and rewarding problems to solve for our customers is really key.”
About AncorisAncoris is a leading Google Cloud Services Provider, headquartered in the UK, on a mission to become the most innovative Google Cloud partner in the ecosystem. Ancoris leverages its strong problem solving skills and continuous improvement approach to help customers become AI Native and stay ahead of their competition. Ancoris has extensive experience in Google Cloud technologies helping enterprises integrate AI-native solutions into their business through expertise in Data & AI, Application and Infrastructure Modernisation, Workspace, and Maps. Ancoris was recognized as a Rising Star for Data, Analytics, and Machine Learning in the ISG Provider™ Lens for Google Cloud Partner Ecosystem in 2022 and 2023 consecutively, and awarded Google Cloud’s 2024 EMEA Public Sector Partner of the Year award. Ancoris employs the best in the business and was named in the Top 10 Sunday Times Best Places to Work 2023, and a Top Place to Work in 2024.
Contact: Holly [email protected]
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Department of Health – Abu Dhabi Partners with Roche Pharmaceuticals Middle East to Elevate Research, Clinical Trials, and Real-World Data

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ABU DHABI, UAE, May 21, 2024 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, signed a Memorandum of Understanding (MoU) with Roche Pharmaceuticals Middle East during Abu Dhabi Global Healthcare Week (ADGHW). Under the MoU, the two entities will advance critical research using real-world data to study and assess the spinal muscular atrophy burden in Abu Dhabi, as well as assessing potential conduction of research and the facilitation of real-world data collection to monitor Duchenne Muscular Dystrophy (DMD) disease.

 
 
In the presence of Dr. Rashed Alsuwaidi, the Executive Director of the Healthcare Workforce Planning Sector at DoH and Michael Oberreiter, Head of Global Access at Roche Pharmaceuticals, the MoU was signed by Dr. Asma Al Mannaei, the Executive Director of the Research and Innovation Centre at DoH and Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE.
Dr. Asma Ibrahim Al Mannaei, Executive Director of the Research and Innovation Center at the at DoH said: “Abu Dhabi has a track record of excellence and fast-growing, future-forward, data-enabled services. Serving as a hub for healthcare data, Abu Dhabi’s substantial computing power enables it to harness the potential within this data, transforming it into valuable information. This, in turn, allows us to innovate and develop novel approaches to shift healthcare towards prediction, prevention, and treatment, thereby accelerating the future of healthcare, not only for Abu Dhabi but for the global community. Through international collaborations, Abu Dhabi seeks to lead research groups supported by global partners to explore the resilience and sustainability of the healthcare sector worldwide as well as expand access to quality care for patients around the world.”
The two entities will work together to support the evolution of real-world data collection frameworks in Abu Dhabi. Enhancing DoH’s ability to track and monitor outcomes of therapies will support DoH in making informed clinical and policy decisions for better optimisation of patient outcomes. Furthermore, DoH and Roche will strengthen the research network across Abu Dhabi and improve accrual for potential clinical trials.
Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE said: “This MoU underscores our collaboration with the DoH which is fuelled by a shared vision of harnessing the power of data to drive informed decision-making within the healthcare system. Data-driven healthcare systems hold immense potential to revolutionise patient care and outcomes. Through the generation, utilisation, and realisation of data, healthcare professionals and policymakers can unlock valuable insights, identify trends, and make evidence-based decisions. This data-driven approach enables us to optimise resource allocation, personalise treatment approaches, and ultimately achieve better patient outcomes. By harnessing the full potential of data, we can improve the overall efficiency and effectiveness of the healthcare system, ensuring that every patient receives the highest quality of care tailored to their specific needs. We are sincerely grateful for the trust, confidence, and empowerment the DoH has placed in establishing this effective public-private partnership with Roche in the UAE.”
Held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, ADGHW is a major government initiative by the DoH, which took place from the 13th -15th May 2024.
For more information please visit: https://www.adghw.com/
About Department of Health – Abu Dhabi (DoH):
The DoH is the regulatory body of the healthcare sector at the Emirate of Abu Dhabi and ensures excellence in healthcare by monitoring the health status of the population. DoH defines the strategy for the health system, monitors and analyses the health status of the population and performance of the system. In addition, DoH shapes the regulatory framework for the health system, inspects against regulations, enforce standards, and encourages adoption of world-class best practices and performance targets by all healthcare service providers in the Emirate. DoH also drives programmes to increase awareness and adoption of healthy living standards among the residents of the Emirate of Abu Dhabi in addition to regulating scope of services, premiums and reimbursement rates of the health system.
For further information on DoH, visit https://www.doh.gov.ae/ and follow on X, Instagram, Facebook, LinkedIn and YouTube.
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Biopharma Leaders Shape the Future of Drug Development at Veeva R&D and Quality Summit Europe

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Ascendis, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva to keynote sharing innovations to drive better patient outcomes
BARCELONA, Spain, May 21, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced that leaders from Ascendis Pharma A/S, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva will be keynote speakers at Veeva R&D and Quality Summit, Europe, June 4-5 in Madrid, Spain. Life sciences professionals across the industry will come together to share how connected technologies across clinical, regulatory, safety, and quality are advancing innovations for patients.

As one of the largest gatherings of biopharma leaders in Europe, Veeva R&D and Quality Summit will bring together over 1,000 industry professionals to share learnings across more than 100 sessions. Bayer and Jazz Pharmaceuticals will join Rik Van Mol, senior vice president of Veeva Development Cloud, and Avril England, general manager of Veeva Vault, for the opening keynote to explore the future of development for new medicines and therapies.
The event’s zone keynotes include:
Ascendis and Bayer, sharing strategies to reduce costs and accelerate trials with a connected platform.Boehringer Ingelheim, detailing its shift toward data-centric regulatory information management.Novo Nordisk, showing how it uses data and AI to transform clinical research.Sanofi, explaining its innovative approach to advance quality through operational excellence.Teva, providing insight into its rapid journey from disparate safety systems into one streamlined global solution.A panel with Elpida Therapeutics CEO Terry Pirovolakis and Veeva experts will close the event with a discussion on how the industry can best accelerate the development of life-saving rare disease gene therapies.
“Connecting clinical, regulatory, safety, and quality is key to advancing the product lifecycle and delivering better outcomes for patients,” says Rik Van Mol, senior vice president of Veeva Development Cloud. “At Veeva R&D and Quality Summit, biopharma leaders can connect, exchange ideas, and share new strategies to advance the industry forward together.”
Veeva R&D and Quality Summit is open exclusively to life sciences professionals. Register and review the agenda at veeva.com/eu/Summit.
Additional InformationConnect with Veeva on LinkedIn: linkedin.com/company/veeva-systems
About Veeva SystemsVeeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com/eu.
Veeva Forward-looking StatementsThis release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-K for the fiscal year ended January 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 9 and 10), and in our subsequent SEC filings, which you can access at sec.gov.
Contact:
Jeremy WhittakerVeeva [email protected]
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