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Global Collaborative Robot Market Analysis [2022-2029] | Industry Size, Share, Trends, Demand, Growth, Opportunities worth $10.5 Billion Forecast by 2027

“Collaborative Robot Market”

The collaborative robot market size is projected to grow from USD 1.2 billion in 2021 to reach USD 10.5 billion by 2027, at a CAGR of 43.4% from 2021 to 2027

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The collaborative robot market is driven by the high Return on Investment (ROI) derived from the deployment of collaborative robots and its benefits for businesses of all sizes in terms of general competitiveness, increased production, and enhanced product quality. In addition, the cobots are easier to program. These factors are paving the way for their rapid adoption in SMEs and large-scale businesses alike.

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Key Findings of the Global Collaborative Robot Market:

1. ABB (Switzerland) expanded its collaborative robot (cobot) portfolio with the new GoFa and SWIFTI cobot families, offering higher payloads and speeds, to complement YuMi and Single Arm YuMi in ABB’s cobot line-up. These stronger, faster and more capable cobots will accelerate the company’s expansion in high-growth segments including electronics, healthcare, consumer goods, logistics and food and beverage, amongst others, meeting the growing demand for automation across multiple industries.

2. Techman Robot (Taiwan), a global leader of the collaborative robot opened its first office in Europe, dedicated to providing instant services, training courses, and also as an inventory hub. The new office is located in the Netherlands, which allows Techman Robot to respond effectively to the growing needs of their partners and customers in Europe, and also supports more local businesses that are interested in implementing robotic solutions.

3. Universal Robots (Denmark) and Mobile Industrial Robots (Denmark) together announced expansion into a new cobot hub in Odense, Denmark, with the financial backing of their parent company, Teradyne (US). The new hub will help attract new employees to facilitate the continued growth expected by the two companies in the coming years.

What are the Driving Factors of Evolution of technologies and consolidation of Collaborative Robot Market?

The collaborative robot market is projected to grow from USD 1.2 billion in 2021 and is projected to reach USD 10.5 billion by 2027; it is expected to grow at a CAGR of 43.4% from 2021 to 2027.

Collaborative Robot Market

“Cobots with payload capacity up to 5 kg expected to hold the largest share of the market during the forecast period”

Cobots with payload capacity up to 5 kg are expected to hold the largest share of the collaborative robot market during the forecast period. First-time users prefer low payload capacity cobots, which are cheaper and take up less space than robots with higher payload capacity. These cobots are often already fitted with grippers, reducing the hassle of integration and programming for the end user. Another benefit of these cobots is that they are easily re-deployable and take up minimal space when compared to higher payload cobots.

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Collaborative Robot Market by Top Companies Profiles:
Automotive industry to maintain the largest share of collaborative robot market during the forecast period

The automotive industry is one of the largest users of collaborative robots. In automotive manufacturing, collaborative robots are used for a variety of applications such as handling, welding, assembling and disassembling, welding, dispensing extensively. Amongst these applications, welding has been one of the first and most popular applications of collaborative robots in the automotive industry.

Major players in the collaborative robot market are Universal Robots (Denmark), FANUC (Japan), ABB (Switzerland), Techman Robot (Taiwan), KUKA (Germany), Doosan Robotics (South Korea), Denso (Japan), YASKAWA (Japan), Precise Automation (US), Rethink Robotics (US), MABI Robotic (Switzerland), FrankaEmika (Germany), Comau (Italy), F&P Robotics (Switzerland), Stäubli (Switzerland), Bosch Rexroth (Germany), Productive Robotics (US). Apart from these, Wyzo (Switzerland), Neura Robotics (Germany), Elephant Robotics (China), ELITE ROBOT (China), Kassow Robots (Denmark), MIP Robotics (France) are among a few emerging companies in market.

Regional Insight by Marketsandmarkets^TM Research:
Asia Pacific to register higher CAGR during the forecast period

These industries are a major demand generator for the adoption of collaborative robots. China is also aiming to become self-sufficient in the manufacture of collaborative robots. Other APAC countries such as Taiwan and Thailand are also not far behind in terms of adopting automation through the integration of cobots to seek a cost advantage, in the wake of rising labour costs. The automotive and electronics industries from the APAC region are the major demand generators for the adoption of collaborative robots.

Regions & Countries Covered:

North America – (U.S., Canada, Mexico)

Europe – (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific – (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America – (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa – (GCC Countries, South Africa, Rest Of the Middle East & Africa)

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently, servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 full time analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Macard’s Standard 2.5GHz WiFi Booster Boasts a Superfast Speed and Up to 9,784 square feet of Coverage

The device is engineered to work with US internet service providers and is compatible with up to 47 devices.

One of the problems most people face is not having strong WiFi signals at home or at the office. It can be frustrating, to say the least. Adding more to this frustration is connecting another router, which might increase signal availability but still lacks strength. This is where this newly designed WiFi extender by Macard comes into the equation.

To start, this WiFi extender has a max output of 2.4 GHz, which is pretty standard for most households and small businesses. Moreover, it possesses a whopping 9,784 square feet of coverage strength, according to the lab tests done by Macard.

On top of that, it is protected with bank-level financial and personal data security protocols, including WEP/WPA/WPA2, equipping the flow of data between the router and devices with top-level strength.

The device is engineered in the US, which means it’s fully compatible with widely available and used internet providers such as Verizon, AT&T, Xfinity, Verizon, and Spectrum, to name a few. Plus, it’s designed to fit the US outlets and plugs, so there is no need to get compatible adapters.

Last but not least, Macard has made this WiFi range extender super simple to use. Users don’t have to be tech-savvy to set it up. It goes into the outlet, connects with the router via an Ethernet port, and that’s it. Moreover, it’s compatible with up to 47 devices, including smartphones, laptops, consoles, smart TVs, Ring, Fire Stick, Alexa, etc.

To know more about the WiFi extender by Macard or to get one before the stock runs out, visit https://pixelfy.me/macard2g to order.

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Company Name: GLOBAL NETWORKING LABS PTE LTD
Contact Person: David Taylor
Email: Send Email
Country: Singapore
Website: themacard.com

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Macard Releases its Flagship WiFi Extender and Repeater, Offering Seamless Signal Extension and Touching Up to 1200 Mbps

Fast, reliable, strong, and super easy to set up, the Macard WiFi Extender and Repeater supports both 2.4GHZ and 5GHZ networks and work with up to 47 devices.

In today’s world, WiFi is not just a luxury; it’s a necessity for every netizen. However, every building, whether a home or office, has some ‘dead zones’ where the signals either don’t reach or have weak strength. Therefore, The MACARD WiFi extender and repeater is a must-have item for anyone who wants to extend their WiFi coverage. It’s a single-unit device that can boost signals throughout the space, penetrating walls, floors, and other obstructions and extending signals to every corner of the house and beyond.

The MACARD repeater can be installed in any part of the building as long as the Ethernet can reach it. The best part is that it leverages dual-band technology, meaning it can handle both 5 GHz and 2.4 GHz networks and can work with up to 47 devices ranging from smartphones to laptops, gaming consoles, IP cameras, smart speakers, and even video doorbells.

Furthermore, with the help of the Advanced Macard 2-core central processor, users can expect up to 1200 Mbps speed boost. That means users will be able to watch HD movies, play competitive online games, Stream 4K videos and download massive files without having to worry about bandwidth fluctuations.

What’s more, unlike some WiFi extenders that do not perform up to the mark no matter how much they cost, the Macard is a US-made technology, ensuring the highest quality standards and rigorous testing. The best part of using MACARD is that one doesn’t have to be tech-savvy or a techie to set up this device. Just plug it in, connect it to the router, and done.

In terms of security, the Macard comes with Bionic Encryption Chip that deploys the latest WEP/WPA/WPA2 security protocols, keeping the user’s personal data protected with a super strong defense mechanism.

The Macard WiFi Extender is currently available for orders on Amazon, but there’s no guarantee when it might run out of stock, so those interested can check it out here.

Media Contact
Company Name: GLOBAL NETWORKING LABS PTE LTD
Contact Person: David Taylor
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Scott Muni’s “Ticket to Ride” Returns to the Air On NEWHD-NY/LA and VNUE Radio

Legendary Announcer Scott Muni’s “Ticket to Ride” will be heard every Friday at 6pm on these special stations that supports people with autism and special needs!

New York – NEWHD Media, focused on the development of streaming radio stations that support people with Autism and special needs, has announced that the award-winning Beatles radio show, Ticket to Ride will begin airing on NEWHD stations. The program, hosted by legendary New York radio personality Scott Muni, debuted in 1984 on over 300 radio stations across the country. It was the first weekly radio program dedicated entirely to the music of the Beatles. One of the most successful syndicated radio shows in the rock era that ran for over ten years and was constantly the top-rated show New York’s WNEW-FM.

Sophia’s Mission Founder and President Zach Martin said “When you’re looking at opportunities for people who are on the spectrum, it’s not a promising picture. NEWHD will enable more diversity in the media-you’ll have more voices. There’s an enormous opportunity to remove what I see as barriers to entry. Thanks to the support of producer Denny Somach, Ticket to Ride now becomes premier programming, only available on Fridays at 6pm on NEWHD-NY, LA and VNUE Radio. Thank you, Denny.”

Ticket to Ride now joins an impressive programming lineup that includes Charlie Kendall (WNEW, WMMR, WBCN, WMMS), Charlie’s feature Beatles Break and national spokesperson Dave Mason, the legendary Classic Rock artist.

Ticket to Ride will launch with the show which featured Billy Joel. In this premiere episode, Joel talks about how seeing the Beatles on Ed Sullivan influenced his career path as a musician and performer. Future shows will feature many of the biggest stars of rock and roll including Tom Petty, Sting, Steven Tyler and Joe Perry.

NEWHD Media, a dba of the foundation, Sophia’s Mission, currently operates NEWHD, NEWHD-LA and VNUE Radio (OTC: VNUE). 2019, Sophia’s Mission is a federally registered 501c3. Sophia’s Mission provides job opportunities for those living on the Autism Spectrum and other related disabilities, and also provides the needed support for primary care givers and family members.

For more information, press only:

Father Zachary, 201-240-6454, fatherz@sophiasmissionus.org

For more information on NEWHD Media Underwriting Sponsorship opportunities:

Chuck Bortnick, 203-770-2416, cb@newhdmedia.com

For more information on Sophia’s Mission, NEWHD Media and JARC:

www.sophiasmissionus.org

www.newhdmedia,com

Media Contact
Company Name: Plato Technologies Inc.
Contact Person: Bryan Feinber
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Address:144 E 44th Street
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State: New York
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The Impact Of Augmented Reality and Virtual Reality Market worth $114.5 billion Over The Next Five Years

“Augmented Reality and Virtual Reality Market”

Augmented Reality and Virtual Reality Market is expected to reach 114.5 billion by 2027 from USD 37.0 billion by 2022 Grow at CAGR of 25.3% rate.

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The key factors fueling the growth of this market include increasing application of AR devices in healthcare, increasing demand of AR in retail and e-commerce post pandemic, rising investments in AR and VR market, partnerships between telecom players and AR manufacturers to reduce latency to imperceptible levels, rise in demand for AR in architecture, increasing demand for VR in training and education, high growth of AR and VR in travel, tourism and enterprise applications.

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Key Findings of the Global Augmented Reality and Virtual Reality Market:

1. HTC Vive announced Viveverse, a cross-platform metaverse, which is an open source VR metaverse composed of various interactive worlds, apps, games. It enables the users to travel between various platforms like Vive Sync and Engage.

2. Sony enhanced its already existing product – VR headset – PSVR headset. Sony claimed to develop a PSVR headset for better experience of virtual reality in PlayStation as the PSVR headset will connect directly into PlayStation 5 console.

3. HTC announced wrist tracker for Vive Focus 3 which is a wearable device, that helps in tracking through infrared LEDs that are tracked optically through the device’s onboard camera sensors. Tracker motion, trajectories can be tracked even if tracker is out of camera view by using high frequency IMU data and advanced kinetic model.

What are the Driving Factors of Evolution of technologies and consolidation of Augmented Reality and Virtual Reality Market?

The AR and VR market is projected to grow from USD 37.0 billion in 2022 to USD 114.5 billion by 2027; it is expected to grow at a CAGR of 25.3% from 2022 to 2027.

Head-mounted displays contribute for maximum market share for AR and gesture tracking devices comprise a maximum market share

For device type segment of AR and VR market, The AR market for head-mounted displays is anticipated to be contributing to maximum market share at a faster growth rate during the forecast period. The use of HUDs in the automotive sector is expected to boost the growth of the AR market for HUDs.

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Augmented Reality and Virtual Reality Market by Top Companies Profiles:
Hardware market for AR and VR is expected to grow more than the software market in the forecast period.

For the offering type segmentation of AR and VR market, the market offers software as well as hardware in both AR and VR market. The market for hardware devices is currently limited. However, it is expected to witness a higher growth rate than the software market owing to the increasing adoption of AR and VR hardware devices. Increasing penetration of AR software solutions and their compatibility with existing hardware devices are expected to drive the growth of the AR and VR market for software during the forecast period.

Major players in the augmented reality and virtual reality market are Google (US), Microsoft (US), Sony Corporation (Japan), Samsung Electronics (South Korea), HTC (Taiwan), Apple Inc., (US), PTC Inc., (US), Seiko Epson (Japan), Oculus VR (by Facebook (US)), Lenovo (China) are the key players in the global AR and VR market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to increase their market share.

Regional Insight by Marketsandmarkets^TM
Research:Asia Pacific to register higher CAGR during the forecast period

The maximum market share of the AR market is contributed by North America, with a maximum market share during the forecast period. Even though the AR market are developed in North America, the expected growth rate is lesser than the other regions such as Asia Pacific, which has the highest growth rate during the forecast period, the reason being that the market is already developed in this region, hence, stagnating growth up to a certain extent. For VR market, Asia Pacific region has the largest share in the market in 2021 as well as it is also the fastest-growing region for VR market during the forecast period with the highest growth rate. Several start-ups in the US, Germany, Canada, France, the UK, and India have focused on the upcoming trends in AR and VR services and trends such as virtual training, virtual try-ons for clothing, jewelry, make-up, virtual furniture shopping, Heads-up display in automobile industry; which led to growth in the AR devices and apps in the industry as a whole, which in turn, leads to growth in the AR and VR market.

Regions & Countries Covered:

North America – (U.S., Canada, Mexico)

Europe – (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific – (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America – (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa – (GCC Countries, South Africa, Rest Of the Middle East & Africa)

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Smart Grid Market to Grow $103.4 Billion by 2026

The global smart grid market is expected to grow from an estimated USD 43.1 billion in 2021 to USD 103.4 billion by 2026, at a CAGR of 19.1% during the forecast period.

The global smart grid market is expected to grow from an estimated USD 43.1 billion in 2021 to USD 103.4 billion by 2026, at a CAGR of 19.1% during the forecast period. Modernization of aging grid infrastructure is one the primary factors driving market growth. Moreover, the government across the world is encouraging the investments in smart grids.

Smart grid technology enables the transition from a traditional energy distribution network to an intelligent electricity grid that allows two-way communication between the utility and its customers. The smart electric grid uses digital communication technologies, information systems, and automation for monitoring the energy flow and adjusting the changes in energy demand and supply. It also helps in real-time monitoring power consumption by coupling it with smart metering systems, providing consumers and suppliers with information on real-time power consumption. Thus, the smart grid helps improve system operating efficiency, thereby reducing the operational cost. Increasing demand for smart infrastructure in industrial, commercial, and residential environment to offers lucrative opportunities for the smart grid market.

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The distribution segment is expected to dominate the smart grid market.

The distribution segment accounted for the largest share of the smart grid market, by application, in 2020. Efficient distribution application helps in quicker restoration of electricity after power disturbances, reduces operations and management costs for utilities, and ultimately lowers the power costs for consumers.

North America is expected to lead the smart grid market

North America includes countries such as the US, Canada, and Mexico. The US and Canada, which contribute heavily to the growth of the regional market. The region is estimated to account for the largest share of the global smart grid market, and a similar trend is expected to continue until 2026. One of the key reasons for the large market size is the early adoption of smart grid projects. The strong financial position of the US and Canada enables them to invest heavily in smart infrastructure platforms of the smart grid market.

The smart grid market in US is expected to grow mainly because it is the most mature market in terms of smart grid deployment, advanced IT infrastructure, the presence of several enterprises, and the availability of technical expertise in the country. Smart grid technology in the US is undergoing a considerable transformation as digital technologies are being applied to distributed energy resources. All these factors are expected to drive the growth of the market in North America.

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The key players in the Smart Grid Market include GE (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), and Itron (US).

About MarketsandMarkets™:

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Smart Meters Market to Hit $30.2 Billion by 2026

The global smart meters market size is expected to grow from an estimated USD 19.6 billion in 2021 to USD 30.2 billion by 2026, at a CAGR of 9.0% during the forecast period.

The global smart meters market size is expected to grow from an estimated USD 19.6 billion in 2021 to USD 30.2 billion by 2026, at a CAGR of 9.0% during the forecast period. Smart Meters is increasingly being installed and is showing robust growth. The increase in the adoption of electric vehicles, development of microgrids, distributed energy storage, and the need for net-metering are a few of the major drivers for the smart meter market growth.

The smart meters market is primarily driven by government mandates and incentives for smart meter installation. According to the US International Trade Commission, utilities are reluctant to invest in smart meter technology without a government mandate or incentives. This is mainly due to the limited capital expenditure capability of utilities. In addition, utilities may not be aware of the benefits of smart meter installation for several years, making the investment less attractive in the absence of government incentives. Therefore, for the effective implementation of smart meters and smart grids, governments across the world have enacted several supportive policies and mandates.The net-zero goals and an ambitious plan for renewables, from energy utilities’ and impressive expansion plans are expected to trigger investments.

According to the International Energy Agency (IEA), global investments in building or improving the digital grid infrastructure are increasing, and smart meters are part of this infrastructure, which is likely to boost the smart meters market growth.

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The smart electric meter is expected to be the largest segment of the smart meters market

The smart electric segment accounted for the largest market share of 73.8% of smart meters market, by type in 2020, driven by the growing emphasis on dynamic pricing of utilities and the Increased need to monitor energy consumption to achieve carbon neutrality. The future growth of the segment can be attributed to increasing demand for the need to monitor utility systems in real-time for consumers across end-users such as residential, commercial, and industrial sectors.

The smart water meters segment is expected to be the fastest growing during the forecast period. The growth can be attributed to the reduction in the price of smart ultrasonic meters, making them cost-competitive along with advantages of ultrasonic meters such as long life, higher accuracy, and low maintenance.

Asia Pacific is expected to remain as the largest smart meters market

In this report, the smart meters market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific region is expected to dominate the global smart meters market during 2021-2026. Asia Pacific region is the fastest growing smart meters market in the world, predominantly due to China, and the trend is expected to be the same during the forecast period. The market in the region is driven by the growing emphasis on efficient management of power distribution, power outages, and demand response (DR), and reduced operation cost

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The major players in the global Smart Meters Market are Schneider Electric (France), Landis+Gyr (Switzerland), Itron (US), Siemens (Germany), Wasion Group (China), Badger Meter (US), and Sensus (Xylem) (US).

About MarketsandMarkets™:

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com

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Heat Pump Market to Hit $83.5 Billion by 2026

The global heat pump market is expected to grow from USD 53.2 billion in 2021 to USD 83.5 billion by 2026, at a CAGR of 9.5% during the forecast period.

The global heat pump market is expected to grow from USD 53.2 billion in 2021 to USD 83.5 billion by 2026, at a CAGR of 9.5% during the forecast period. The factors driving the growth for heat pump market are the Contribution of heat pump technology to reduce carbon footprint and the Government laws and subsidies to enhance energy efficiency.

The Asia Pacific region is estimated to be the largest market for the Heat Pump Market, followed by North America. The North America region is projected to be the fastest-growing market during the forecast period. The growth of the North American Heat Pump Market is expected to be driven by government-led initiatives to reduce air pollution caused by the conventional sources of energy used for heating in the residential, commercial, and industrial sectors.

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Energy is an essential power source in homes, hospitals, and schools, among others. However, its production and usage result in the emission of greenhouse gases in significant volumes. Thus, major economies across the globe are aiming to reduce their dependency on non-renewable energy sources and are gradually inclining toward renewable energy sources to restrict the emission of greenhouse gases.

The heat pump technology is a promising solution for lowering greenhouse gas emissions. Heat pumps through aero thermal and geothermal technologies offer an energy-efficient approach to space heating. The heat pump is often regarded as a sustainable technology when used in heating, ventilation, and air conditioning (HVAC) systems.

Heat pumps extract the ambient heat from the air and land at low temperatures and increase the temperature through energy input, mainly electricity. The heat pump is cable of extracting up to 77% of the energy from the air. Thus, the use of heat pump can bring down the fossil fuel consumption considerably when compared to alternate mediums of heat transfer, subsequently lowering the carbon footprint. This factor is increasing the number of heat pump installations across all sectors and driving the heat pump market growth.

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Some of the top players in the Heat Pump Market include Samsung (South Korea), DENSO CORPORATION (Japan), Midea Group (China), Panasonic Corporation (Japan) and Mitsubishi Electric Corporation (Japan).

About MarketsandMarkets™:

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com

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Photoresist & Photoresist Ancillaries Market Predicted to Surpass US$ 4.2 Billion by 2025- Exclusive Report by MarketsandMarkets™

“Browse 164 market data Tables and 31 Figures spread through 183 Pages and in-depth TOC on “Photoresist & Photoresist Ancillaries Market””

Photoresist & Photoresist Ancillaries Market by Application (Semiconductor & IC,LCD, PCB), Photoresist Type (ArF Immersion, ArF Dry Film, KrF, G-line & I-line), Ancillary Type (Anti-reflective Coating, Remover, Developer), Region

The global photoresist and photoresist ancillaries market size is estimated to be USD 3.3 billion in 2020 and projected to reach USD 4.2 billion by 2025, at a CAGR of 4.8%. A photoresist is a light-sensitive material applied to a substrate during photolithography or photoengraving to enable the desired pattern to be imaged, i.e., a properly exposed and developed photoresist masks portions of the substrate with extremely high precision. The growing semiconductor demand and upcoming nanoelectromechanical systems (NEMS) are expected to drive the photoresist and photoresist ancillaries market.

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Photoresists are classified broadly based on their response to a specific wavelength of light. These materials are sensitive to wavelengths 193 nm (ArF), 248 nm (KrF), 365 nm (I-line), and 436 nm (G-line). Among the mentioned photoresists, ArF is the most widely used as it provides superior resolution with low defect levels, owing to its narrow wavelength and ability to break through a 10 nm level. Antireflective coating, developer, and remover are some of the types of photoresist ancillaries that are majorly used during photolithography.

The photoresist and photoresist ancillaries market is classified based on the application as semiconductor &ICs, LCD, printed circuit boards, and others (NEMS, MEMS, sensors). Among them, semiconductor & ICs is the largest application due to the production of huge volumes of integrated circuits or chips due to the growing demand.

The photoresist and photoresist ancillaries market is studied for five regions, namely APAC, North America, Europe, South America, and Middle East & Africa. APAC is expected to be the fastest-growing regional market due to the growing chip production in Taiwan, China, Japan, and South Korea.

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The leading players in the global photoresist and photoresist ancillaries market includes Tokyo Ohka Kogyo Co., Ltd (Japan), JSR Corporation (Japan), DuPont (US), Shin-Etsu Chemical Co., Ltd (Japan), Fujifilm Corporation (Japan), Sumitomo Chemical Co., Ltd. (Japan), ALLRESIST (Germany), Merck Group (Germany), Micro Resist Technology (Germany), and DJ MicroLaminates (US).

JSR Corporation (Japan) is one of the most extensive rubber & chemical solutions offering companies worldwide. The company operates through four business segments: elastomers business, plastic business, digital solution business, and lifesciences business. It offers photoresist materials under the digital solution business. The company has its presence in 41 overseas locations, including the US, Europe, China, South Korea, Taiwan, and Thailand.

TOKYO OHKA KOGYO CO., LTD is a material manufacturing company focusing mainly on photoresists and high purity chemicals for the photolithography process of semiconductor and display, processing equipment for semiconductor and display manufacturing, and inorganic and organic chemicals. The company headquarters is in Japan and operates through two business segments: material business and equipment business. The company offers photoresist products through the material business segment. Moreover, it has a strong presence in APAC, North America, and Europe.

In July 2020, Tokyo Ohka Kogyo (TOK) advanced materials announced that it had started producing extreme ultraviolet (EUV) in its facility at Songdo, Incheon. The step has been taken to serve Samsung electronics as it has increased the use of EUV based lithography for chip production
In February 2020, JSR Corporation invested in Inpria Corporation by joining its Series C funding round designed to promote its initiatives for commercializing EUV (Extreme Ultraviolet) photoresist.
In February 2020, DuPont introduced three new types of photoresists, namely Riston DI3000, Riston DI5100, and Riston DI 9200.

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LTI announces the World’s Best Luxury Hotel Brands 2022

– Six Senses takes top spot for the third successive year

– Rocco Forte Hotels enters top 12 for the first time

Welcome to our annual World’s Best Luxury Hotel Brands report.

This is not just another World’s Best list. LTI – Luxury Travel Intelligence – has taken the past 12 months to apply the perfect assessment process: a rigorously defined algorithm that measures the performance and values of luxury hotel brands.

This year, our algorithm has 128 touch points relevant to the luxury hotel sector. Each has its own weighted score value with a total maximum accumulative score of 4628.

The touch points relate to overall brand performance, not the performance of individual properties. The focus is on a brand’s ability to deliver: its passion, commitment, ethos and values, as well as the quality of its management and staff.

Continuing investment and how it’s used is also a major factor – particularly for new properties and the refurbishment of existing ones.

Here are this year’s results, reflected as percentages, with last year’s positions in brackets:

1. Six Senses 82.6% (1)

2. Mandarin Oriental 81.0% (2)

3. Rosewood 80.3% (9)

4. Auberge 78.8% (3)

5. Aman 77.3 4% (4)

6. Oetker Collection 75.7% (7)

7. One&Only 75.0% (6)

8. Belmond 74.7% (5)

9. Four Seasons 71.2% (8)

10. Viceroy 70.9% (11)

11. Rocco Forte 69.4% (New Entry)

12. COMO 69.1% (10)

• Other brands that rated sufficiently to be monitored throughout the year are (in alphabetical order): Alila, Anantara, Banyan Tree, Dorchester Collection, Firmdale, Jumeirah, Leela, Oberoi, Park Hyatt, Peninsula, Ritz Carlton, Shangri-La, Soho House, Raffles, Red Carnation, St. Regis, Taj, The Luxury Collection.

• Brands that currently have less than ten properties (our minimum requirement) but rate highly when applying our algorithm are (in alphabetical order): Airelles, Althoff Collection, Bulgari, Capella, Cheval Blanc, JK Place, La Reserve, Maybourne, Montage, Nikki Beach, Pendry, Soneva, Virgin Limited Edition.

About The World’s Best Luxury Brands ReportNo other organisation connects with the global luxury hotel industry as LTI does. Our researchers engage with everyone from CEOs of the brands we have rated to thousands of managements, staff and guests. This is all part of the process for creating destination-led reports for our members – affluent, discerning travellers – but it also allows us to create this unique report.Every year the process starts again – so the results from previous years have no bearing on the following year. This inevitably leads to volatility in each year’s results, but this is a dynamic sector, and we want to reflect what is really happening out there.

Six Senses: World’s Best Luxury Hotel BrandWe continue to be very impressed with Six Senses. It delivers an authentic blend of wellness, sustainability, warm hospitality and crafted guest experiences.Also, with Six Senses London and Rome due in 2023 this is an exciting time for the brand and its loyal followers.

New EntriesOnly Rocco Forte breaks in to our top 12, in the year they celebrate 25 years of operating in Europe. They continue to demonstrate all that is good about being passionate hoteliers in the luxury sector.

About LTI – Luxury Travel Intelligence

We are a global members-only organisation, providing digital, up-to-the-minute reporting for affluent travellers who wish to make informed travel decisions, based on our honest and detailed intelligence. We cover luxury hotels, restaurants, spas and nightlife, in granular detail. We do not sell travel, have a booking engine, or carry advertising. Membership fees are our only revenue and we only answer to our members.

Important Note to EditorsPlease use any part of this announcement with our compliments and full permission. We only ask that you credit us as the source and convey our name as ‘LTI – Luxury Travel Intelligence’ using both the initials and words. You may also direct your audience to our website www.lti-members.com/invite-login. Membership to LTI is by invitation only. Your audience may use invitation code INVITE350, which also has a US$350 value attached.

ImagesA collection of images may be found at https://we.tl/t-OfDYwNthag

Media ContactJane Lucasjane.lucas@lti-members.com+44 1244 220020

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