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North America Confectionery Market Surge: USA’s $28.2 Billion Boom in 2023

“North America Confectionery Market 2024-2032”

The expansion of North America’s confectionery market is propelled by the rising demand for sugary treats like gums, jellies, chocolates, and snack bars. This trend is largely due to the diverse range of flavors, shapes, and sizes available in these products.

The latest research from Expert Market Research, titled ‘North America Confectionery Market Share, Size, Analysis and Forecast 2024-2032′, offers a comprehensive review of the confectionery market in North America. This report evaluates the market through various segments, including types of confectioneries and key regional markets within North America.

This study tracks current industry trends and their influence on the overall market. It also examines the dynamics of the market, focusing on crucial demand and price indicators. Additionally, the report provides an analysis of the market utilizing both SWOT analysis and Porter’s Five Forces models to give a detailed perspective on the market’s structure and competitive landscape.

The key highlights of the report include:

Market Overview (2018-2032)

Forecast CAGR (2024-2032): 1.9% (United States Confectionery Market)

North America Confectionery Market Share

The North America confectionery market is a dynamic and significant sector within the global confectionery industry. Characterized by a diverse range of products, including chocolates, candies, gums, and snack bars, this market enjoys a substantial share due to its large consumer base with varied preferences.

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The United States, being a key player, dominates the market in terms of both production and consumption, followed closely by Canada. Market share is influenced by factors like innovative product launches, growing consumer interest in premium and artisanal confectioneries, and a steady demand for traditional sweets.

The rise in health-conscious consumers is also steering the market towards sugar-free and organic options, further diversifying the market share within this region. The integration of online retail and e-commerce platforms has expanded market reach, making confectionery products more accessible to a wider audience, thereby enhancing market penetration and share in North America.

The North American confectionery market is experiencing growth, primarily fueled by the rising popularity of sugar-rich treats such as gums, jellies, chocolates, and snack bars, among others. This trend is largely due to the wide array of available flavors, shapes, and sizes of these confectionery items.

Looking ahead, the market is expected to see further growth, spurred by an increasing demand for confectioneries during special occasions and festivals like Christmas and Easter, which typically boost confectionery sales. Additionally, the robust presence and strategic expansion efforts of leading market players in the United States are anticipated to be key drivers in propelling the market forward in the upcoming years.

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Defining North America’s Confectionery Sector and Key Categories

Confectionery items are snack products characterized by their high sugar and carbohydrate content. These treats are crafted to delight consumers’ taste buds, often being associated with enjoyment and indulgence. Typically consumed during special events or festive occasions, confectionery products also feature a variety of food colorings and innovative flavors, adding to their appeal.

On the basis of type, the market can be segmented into:

Chocolate

White

Milk

Dark

Non-Chocolate

Gums & Mints

The major countries in the North America confectionery market include:

United States of America

Canada

Trends in the Confectionery Market of North America

Market trends indicate significant business prospects in the United States and Canada, bolstered by government backing. This support is nurturing advancements in product innovation and research and development, focused on crafting superior confectionery items featuring unique flavors and ingredients. Additionally, the rise of vegan confectionery options, particularly those with reduced sugar and gluten-free attributes, is expected to fuel market growth shortly. Furthermore, the swift growth of the e-commerce sector in this region is set to enhance the accessibility and appeal of confectionery products to a broader audience, including new potential customers.

North America Confectionery Market Growth

The North America Confectionery Market is experiencing robust growth, driven by diverse consumer preferences and innovative product offerings. Key factors fueling this expansion include the rising popularity of premium and artisanal confectioneries, a growing inclination towards health-conscious choices like organic and sugar-free options, and the increased demand for unique and exotic flavors. The United States, as a major market contributor, continues to set trends with its wide variety of confectionery products, while Canada’s market is also showing considerable growth. Additionally, the integration of e-commerce and digital marketing strategies has broadened the reach of confectionery products, making them more accessible to a wider audience and thus contributing to the overall growth of the confectionery market in North America.

North America Confectionery Market Forecast

The forecast for the North America Confectionery Market points towards continued growth and evolution. This expansion is anticipated to be driven by several key factors, including ongoing innovation in flavors and product formats, a greater emphasis on health-conscious and ethical options like organic, sugar-free, and vegan confectioneries, and the impact of evolving consumer preferences. The United States is expected to maintain its dominance in the market, with ongoing product development and marketing strategies tailored to diverse consumer groups.

Additionally, the market is likely to see a boost from the growing influence of e-commerce and digital marketing, making confectionery products more accessible to a broader audience. The Canadian market is also projected to show significant growth, contributing to the overall expansion of the sector in North America. Furthermore, seasonal and festive sales, along with the introduction of innovative and niche products, are expected to play a crucial role in driving market dynamics during the forecast period.

Key Market Players

The major players in the market are:

The Hershey Company

Nestle S.A (Nestle USA)

Mars Inc.

Ferrero SpA

Mondelez International, Inc.

Chocoladefabriken Lindt & Sprüngli AG

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analysis provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.

Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.

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Unveiling the Future: South Korea’s Artificial Intelligence Market (2024-2032)

“South Korea artificial intelligence market 2024-2032”

The South Korea artificial intelligence market size reached a staggering USD 1,011.04 million in 2023, signaling a new era of technological advancements in the country. This dynamic market is on a trajectory to expand at a CAGR of 15.3% between 2024 and 2032, culminating in a projected value of USD 3,614.26 million by 2032. Such growth is indicative of South Korea’s commitment to integrating AI in various sectors, making it a pivotal player in the global AI landscape.

The ‘South Korea Artificial Intelligence Market Size, Share, Forecast and Analysis (2024-2032)’ by Expert Market Research offers a comprehensive review of the artificial intelligence sector in South Korea. This detailed report evaluates the market through various segments, including product and service types, technological advancements, and end-user applications.

This study provides insights into the most recent developments within the market and their wide-ranging effects. Additionally, it examines both the current demand for artificial intelligence in South Korea and key factors influencing pricing and demand. The report further explores the market dynamics using tools such as SWOT analysis and Porter’s Five Forces Model, offering a strategic perspective on the market’s growth and challenges.

The key highlights of the report include:

Market Overview (2018-2032)

Historical Market Size (2023): USD 1,011.04 Million
Forecast CAGR (2024-2032): 15.3%
Forecast Market Size (2032): USD 3,614.26 million

In the past decade, South Korea’s artificial intelligence (AI) sector has experienced a remarkable surge, marked by the filing of over 6000 AI-centric patents. Looking ahead, the AI market in South Korea is poised for further expansion, particularly in the commercialization of AI products and services. The adoption of pay-as-you-go AI solutions is gaining momentum, enabling businesses to experiment with AI features without substantial initial investments. This increasing embracement of AI technologies is anticipated to be a significant driving force for the market’s growth in the near future.

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The South Korea AI market is finding fertile ground for growth across various sectors, including security, manufacturing, healthcare, and automotive. These industries present attractive prospects for the market’s expansion. Furthermore, the government’s dedicated initiatives to bolster the digital infrastructure of the country are also playing a crucial role in advancing the AI market.

In recent times, technologies like data digitalization, natural language processing, and machine learning have seen rapid advancement and proliferation. The growing need for sophisticated text analytics and the advancements in machine-to-machine technology are central to driving the growth of South Korea’s AI market.

Defining South Korea’s Artificial Intelligence Sector and Its Key Components

Artificial intelligence (AI) is a branch of computer science focused on creating systems or machines that display human-like intelligence. This involves the ability to analyze, make decisions, and learn from previous experiences. The progress in AI technology has enabled the integration of human-like cognitive functions in machines, encompassing skills like reasoning, generalizing from existing data, and deriving insights from past interactions.

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On the basis of product and service, the market is segmented into:

Hardware

Software

Service

Based on technology, the market is classified into:

Machine Learning

Natural Language Processing

Others

On the basis on end use, the market is categorised into:

Security

Media and Advertising

Retail

Automotive

Healthcare

Manufacturing

Others

Trends in the South Korean Artificial Intelligence Market

In the South Korean artificial intelligence (AI) market, several key trends are shaping its future. Notably, there’s an uptick in investment and research by major companies focusing on the commercialization of AI products and services for both domestic and international markets. The burgeoning information technology sector, along with a heightened adoption of cloud-based solutions, is anticipated to further propel market growth. These solutions are critical for enhancing operational efficiency and processing large data sets.

Moreover, advancements in 5G technology and a growing demand for virtual assistants are expected to boost the need for AI in South Korea. The automotive industry is also witnessing a surge in the use of AI, particularly with the increasing popularity of self-driving vehicles, which in turn is stimulating market growth.

In the realm of media and advertising, AI is increasingly used to improve streaming services, particularly with the rising popularity of OTT platforms. This trend is likely to positively influence the growth of South Korea’s AI market. In healthcare, the escalating incidence of chronic diseases is driving the adoption of AI for remote patient monitoring and disease identification, further contributing to the sector’s expansion.

Leading Participants in the South Korean Artificial Intelligence Market

The prominent companies featured in the South Korea artificial intelligence market report include:

Samsung Electronics Co. Ltd

SK Telecom Co., Ltd.

KT Corporation

LG Corporation

Kakao Enterprise

Microsoft Corporation

Google LLC

Amazon Web Services, Inc.

Riiid, Inc.

Additional key players

The report provides an in-depth analysis of various aspects of these market participants, including their market shares, production capacities, facility turnarounds, and expansions. It also delves into their recent investments, as well as mergers and acquisitions, alongside other noteworthy developments in the market.

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HAVOK Consulting Highlights Exclusive Savings on Custom Websites and Web Services

HAVOK Consulting is a premier business consulting company. In a recent update, the company highlighted exclusive savings on custom websites and web services.

Brandon, FL – In a website post, HAVOK Consulting highlighted exclusive savings on custom websites and web services.

The team noted that one of the key savings that HAVOK Consulting is offering is a discounted rate on custom web design and development. HAVOK Consulting is now offering $1,000 OFF Web development Boca Raton and design in Boca Raton, FL, or any web service $5K or more from HAVOK Consulting. The focus is on web development. Enticing business owners of all sizes or anyone in Boca Raton, FL to schedule a FREE consultation to explore how HAVOK Consulting can help them with their web needs.

The experts mentioned that HAVOK Consulting is also offering savings on their website maintenance services. Keeping a website up-to-date and running smoothly is a time-consuming task, especially for those without technical knowledge in web design Boca Raton. HAVOK Consulting takes on this responsibility for their clients, ensuring that their websites are always functioning at their best. And with the current savings, clients can now take advantage of these services at a lower cost.

Another notable offering from HAVOK Consulting is their search engine optimization (SEO) services, which are designed to improve a website’s search engine ranking and overall online visibility. With the majority of consumers using search engines to find products and services, having a strong SEO strategy is essential for businesses. HAVOK Consulting’s team of experts is skilled in the latest SEO techniques and passionate about increasing their clients’ online visibility.

The professionals added that HAVOK Consulting offers discounts on their e-commerce website services. With the rise of online shopping, having functional and well-designed e-commerce custom websites Boca Raton is essential for any business looking to sell their products or services online. HAVOK Consulting provides customized e-commerce solutions to meet the unique needs of each client, and with the current savings, businesses can now take advantage of these services at a reduced cost.

About HAVOK Consulting

HAVOK Consulting is a leading business and marketing consulting firm serving Boca Raton, FL that specializes in developing high-performing, responsive websites. We help you secure a confident approach to marketing, product positioning, and sales while establishing a strong visual presence. HAVOK Consulting is the firm that helps you go above and beyond what was thought to be possible and exceed expectations when it comes to growth, marketing, and sales.

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1-Decene Market, Size, Share, Trends, Forecast To 2031

“1-Decene Market”

1-Decene Market By Application (Poly Alpha Olefin, Polyethylene, Detergent Alcohols, Others)- Growth, Share, Opportunities & Competitive Analysis, 2023 – 2031

The market for 1-Decene is growing steadily, propelled by its diverse applications in numerous industries. During the period between 2023 and 2031, the market revenue is expected to grow at a promising CAGR of 6.5%. 1-Decene, also known as decene-1, is a ten-carbon alpha-olefin hydrocarbon. It is produced predominantly through the oligomerization of ethylene or the Fischer-Tropsch synthesis method. Due to its extensive spectrum of applications, the 1-Decene industry is expanding. It functions as a fundamental building block in the synthesis of numerous chemical compounds and polymers. 1-Decene is used extensively in the production of linear low-density polyethylene (LLDPE), which has packaging, film, and coating applications. Due to its superior properties such as flexibility, impact resistance, and chemical resistance, the demand for LLDPE is increasing. This contributes to the expansion of the 1-Decene market. Additionally, 1-Decene is employed in the production of synthetic lubricants and surfactants. Compared to conventional lubricants, synthetic lubricants offer superior performance, greater temperature stability, and enhanced efficiency. The expanding automotive and industrial sectors are driving the demand for synthetic lubricants, thereby boosting the 1-Decene market’s expansion. In addition, 1-Decene is used in the production of detergent alcohols, which are essential ingredients in a variety of cleansing and personal care products. The growing awareness of hygiene and the rising demand for personal care products are driving the demand for detergent alcohols and, in turn, the 1-Decene market. The 1-Decene market is also influenced by technological advancements, research and development activities, and the rising demand for sustainable and environmentally beneficial products. To meet the growing demand for 1-Decene and its derivatives, manufacturers are concentrating on devising efficient and economical production processes.

The increasing demand for polyethylene and polyalphaolefins (PAOs) drives the 1-Decene market. Polyethylene, especially linear low-density polyethylene (LLDPE), is utilized extensively in a variety of industries, including packaging, automotive, and construction. LLDPE is appropriate for applications such as films, coatings, and molded products due to its excellent flexibility, impact resistance, and chemical resistance. The rising global population and rising consumer demand for packaged products are major contributors to the expansion of the polyethylene market, thereby driving demand for 1-Decene as a feedstock. The International Energy Agency (IEA) predicts that the global demand for polyethylene will increase by 3.8% per year on average between 2021 and 2026. In addition, 1-Decene-derived polyalphaolefins (PAOs) are extensively used as synthetic lubricants due to their superior performance characteristics. PAOs are superior to conventional mineral oils in terms of thermal stability, oxidation resistance, and viscosity index. Increasing demand for high-performance lubricants in automotive, industrial, and aerospace applications is propelling the expansion of the PAO market, which in turn is increasing demand for 1-Decene.

Increasing demand for detergent alcohols is a significant market driver for 1-Decene. Detergent alcohols, which are predominantly derived from 1-Decene, are essential components in the production of cleaning products, laundry detergents, and personal care items. The global demand for these products is driven by the increasing awareness of hygiene, the expanding population, and the changing consumer lifestyles. The global detergent alcohol market was valued at over $4 billion in 2020 and is anticipated to experience rapid expansion in the years to come. It is anticipated that the demand for 1-Decene as a basic material for detergent alcohols will increase in tandem with the demand for these products.

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Significantly propelling the 1-Decene market are technological advancements and process innovations. Continuous investments are made in R&D by manufacturers to enhance production processes, increase yield, and reduce costs. Innovations in catalyst technology, process design, and reactor systems have enhanced the purity and quality of 1-Decene production. These innovations have increased production efficiency and decreased environmental impact. For instance, the development of metallocene catalysts has enhanced the selectivity and yield of 1-Decene during oligomerization. These technological advancements and process innovations contribute to the expansion of the 1-Decene market by allowing manufacturers to meet the rising demand and increase overall production efficiency.

Due to the volatility of raw material prices and the possibility of supply constraints, the 1-Decene market is hampered significantly. Ethylene, which is derived from crude hydrocarbons or natural gas, is the primary raw material used to manufacture 1-Decene. Changes in the price of crude oil, geopolitical tensions, and supply-demand imbalances can result in significant price fluctuations for ethylene. These price fluctuations have a direct effect on the production costs of 1-Decene, reducing the profitability of manufacturers and possibly resulting in higher prices for end consumers. In addition, supply constraints in the ethylene market can be caused by production interruptions, transportation problems, or changes in feedstock availability. These supply constraints can potentially disrupt the 1-Decene supply chain, resulting in production and delivery delays. The oil price disruptions witnessed in 2020 due to the COVID-19 pandemic and geopolitical events are an illustration of the impact of volatile raw material prices. These shocks led to a substantial decline in crude oil prices, disrupting the chemical industry and impacting the profitability of market participants in the 1-Decene sector. Therefore, the volatility in raw material prices and potential supply constraints pose a significant restraint for the 1-Decene market, necessitating that manufacturers closely monitor and manage their raw material sourcing strategies to mitigate the effects of these obstacles.

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The application segment of the 1-Decene market includes numerous industries, such as poly alpha olefin (PAO), polyethylene, and detergent alcohol. Among these applications, poly alpha olefin (PAO) is anticipated to have the highest CAGR from 2023 to 2031, and it also generated a significant amount of revenue in 2022. Due to their superior performance characteristics, such as thermal stability, oxidation resistance, and viscosity index, PAOs, which are derived from 1-Decene, are extensively used as synthetic lubricants. Increasing demand for high-performance lubricants in automotive, industrial, and aerospace applications is driving the expansion of the PAO market, thereby contributing to the 1-Decene market’s revenue. In addition, polyethylene, particularly linear low-density polyethylene (LLDPE), is an important use of 1-Decene. Due to its flexibility, impact resistance, and chemical resistance, LLDPE is widely employed in numerous industries, including packaging, automotive, and construction. The increasing global population and demand for packaged products are driving the demand for polyethylene, which has a positive impact on the revenue of the 1-Decene market. Additionally, detergent alcohols, which are essential components of cleaning products, laundry detergents, and personal care products, are an important application of 1-Decene. Demand for detergent alcohols is anticipated to increase, thereby contributing to the growth of the 1-Decene market, as global hygiene awareness and the demand for personal care products continue to rise. Other applications, such as plastics, additives, and specialty chemicals, contribute to market revenue as well.

Due to the presence of major manufacturing centers, rising industrialization, and robust demand for chemicals and polymers, Asia-Pacific held the largest revenue share of the market in 2022. Demand for 1-Decene as a key raw material in the production of polyethylene and polyalphaolefins (PAOs) is driven by the region’s thriving automotive, packaging, and consumer products industries. In addition, the region is experiencing accelerated urbanization, rising disposable income levels, and a rising population, all of which contribute to the demand for end-use products containing 1-Decene, such as lubricants, plastics, and detergents. In addition, Asia-Pacific is anticipated to demonstrate the highest CAGR from 2023 to 2031. The demand for 1-Decene is driven by the region’s expanding industrial base, favorable government policies, and investments in infrastructure development. Moreover, China, India, and Japan are significant contributors to the growth of the Asia-Pacific market, as their manufacturing sectors are expanding rapidly and they are experiencing an increase in demand for chemicals and polymers.

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The 1-Decene market is characterized by intense competition between a number of prominent global participants. These businesses concentrate on strategic initiatives to strengthen their market presence, expand their product lines, and meet the changing needs of their customers. Exxon Mobil Corporation, Chevron Phillips Chemical Company LLC, INEOS Group Holdings S.A., Shell Chemicals, and Sasol Limited are among the market leaders in 1-Decene. These key players implement a variety of strategies to obtain a competitive advantage and achieve sustainable growth. The expansion of production capacities is one of the primary strategies for meeting the rising demand for 1-Decene. To expand their production capabilities and geographic reach, businesses invest in facility expansions, new plant constructions, and partnerships with local actors. In addition, the emphasis on sustainability and environmental responsibility has acquired considerable importance in the 1-Decene market. To reduce their carbon footprint, businesses are increasingly employing eco-friendly manufacturing processes and exploring renewable feedstocks. They actively engage in research and development of bio-based alternatives and invest in technologies that allow for more sustainable production of 1-Decene. To capitalize on emerging opportunities and maintain their market positions, market leaders will continue to focus on expanding their production capacities, investing in research and development, and investigating strategic partnerships.

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Reviving Authentic ’80s Soundscapes: Dress to Kill Reignites the Era of Analog Synth Pop

Dress To Kill’s melodic and enriching Electronic Pop music echoes a unique and characteristic mix of 80’s nostalgia

Dress To Kill, an iconic Pop duo originally hailing from Liverpool, delivers a distinct and genuine sound straight from the golden era of 80’s pop culture.

In 1984, Andi Cooper and Jim Doran founded Dress To Kill, drawing inspiration from iconic bands like Fashion, Depeche Mode, Japan, and Gary Numan. Their musical journey began without modern-day conveniences like sequencers or computers. Utilizing synths such as the Moog Rogue and Roland Juno 6, coupled with drum machines, they crafted their signature sound.

Starting with their debut performance in Liverpool’s The System nightclub in 1985, Dress To Kill instantly captivated audiences, reminiscent of acclaimed bands like Ultravox, New Order, and The Human League. However, it was in 1987, amidst life’s changes, that they ventured into a 12×12 bedroom armed with a Fostex 260 4-track porta studio, synths, and a drum machine.

For 37 years, their music remained unheard, yet now, through collaboration with Ottawa recording engineer Jason Jaknunas, Dress To Kill’s original recordings are undergoing a revival. Rather than re-recording, the songs are receiving professional mixing while maintaining their authentic ’80s essence.

Their tracks, including “The Showman,” “Twilight,” and “Watching the Ships Burn,” bring back the energy and emotion of the ’80s electronic pop scene. The duo invites listeners to stream or purchase their music, promising to infuse contemporary audiences with the genuine spirit of Dress to Kill once more.

ABOUT

Dress To Kill’s musical saga originated from an ’80s analog synth retro new wave, created within the confines of a 12×12 bedroom. Initially recorded on a 4-track cassette porta studio, their music now enters the digital era. Andi and Jim’s shared musical influences and their quest to establish a unique fusion of melodic electronic pop lay the foundation for Dress To Kill.

After 37 years, the music has resurfaced, thanks to Ottawa recording engineer Jason Jaknunas, who helps Dress To Kill reintroduce their authentic ’80s sound. As the duo unveils this musical time capsule, they invite audiences to rediscover the magic of ’80s pop with a contemporary twist.

LINKS

Facebook: https://www.facebook.com/profile.php?id=100076110662579

Instagram: https://www.instagram.com/dresstokillband/

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China’s first national-level offshore wind power research and test inspection base begins construction.

On December 1, China’s first national-level offshore wind power research and test inspection base (hereinafter referred to as “offshore wind power test base”) began construction in Fujian. This is an important measure to deeply implement Xi Jinping’s new era of socialism with Chinese characteristics and the spirit of the 20th National Congress of the Communist Party of China, adhere to innovation-driven development, implement the strategy of strengthening enterprises through science and technology, and promote a leapfrog development from Made in China to Created in China, and then to China leading. It is also a significant breakthrough in creating original technology hubs, promoting clean and low-carbon energy transformation, and aiding the construction of a new type of power system and new energy system.

Picture: Cai Hao

The offshore wind power test base is a major project in China’s “14th Five-Year Plan.” The project is jointly invested and constructed by the State Grid Corporation of China, China Huadian Corporation, and the Power Construction Corporation of China, with plans to be fully operational by 2024. The base aims to establish an internationally first-class offshore wind power research platform, test platform, and exchange and cooperation platform. It is dedicated to creating an industrial ecosystem integrating “technology research, testing and certification, equipment manufacturing, construction and installation, and operation and maintenance.” This will fill the gap in China’s lack of a large-power, full-size ground test platform, with the technical capability of the test equipment aiming to be the world’s best. Once completed, the base will further enhance China’s research and testing capabilities in offshore wind power equipment, accelerate the breakthrough in key technologies and grid-connection technologies for offshore wind power equipment, and significantly contribute to improving China’s wind power technology level and equipment manufacturing capacity. This will promote the high-quality development of the wind power industry and help achieve China’s “dual carbon” goals.

In recent years, the State Grid Corporation of China has continuously strengthened its research and testing capabilities in offshore wind power equipment, building on its existing onshore wind power test and verification capacity. The newly started offshore wind power test base is an important part of the National Key Laboratory for Renewable Energy Grid Integration. It includes an onshore testing center and a test wind farm, with its main functions being the full-size ground testing of wind turbine units with six degrees of freedom loading, ultra-large capacity complex grid simulation, ultra-long blade biaxial high-frequency loading tests, and scientific research.

The onshore testing center is located in the Jiangyin Industrial Park in Fuqing City, Fujian Province, near the Jiangyin Port Terminal and adjacent to the Three Gorges Wind Power Industrial Park. The main construction includes a 25-megawatt six degrees of freedom loading, full-size ground test platform, and a 150-meter-class blade test platform. The test wind farm is planned to have 6 onshore test positions and 20-40 offshore test positions, with the first batch of 20 offshore test positions located in the offshore area of Changle, Fujian Province.

1. The construction of the offshore wind power test base will enhance the technological innovation level of China’s wind power industry, seize the high ground in world energy technology, and help achieve high-level scientific and technological self-reliance and self-strengthening. Since 2020, China’s offshore wind power has developed rapidly, with wind power units entering the era of large capacity. As of the end of September this year, the cumulative installed capacity of offshore wind power nationwide has reached 31.89 million kilowatts. Compared with existing test and verification platforms at home and abroad, once completed, the offshore wind power test base will cover all offshore wind power performance test and verification capabilities specified in the latest IEC and relevant national standards. Its test platform towing capacity, loading capacity, and grid simulation capabilities will be the world’s best, capable of conducting tests on the world’s largest-capacity wind turbines and the longest blades, as well as offshore wind turbine unit full-frequency impedance scanning tests, which are currently not possible internationally. Once operational, the test base, integrating simulation analysis, operational testing, characteristic evaluation, and technological R&D, will conduct empirical research on large-capacity offshore wind turbines, research on grid-friendly wind power integration technology, and digital twin research on the full characteristics of single offshore wind turbines and stations. It will lead in international standard formulation and tackle key core technologies in offshore wind power, significantly enhancing China’s basic research and testing capabilities in offshore wind power.

2. The construction of the offshore wind power test base will facilitate the deep integration of the industrial and innovation chains, promoting the upgrade of the offshore wind power industry and driving the advancement of industrial foundations and the modernization of the industrial chain. Once operational, the base will further improve the offshore wind power technological innovation and service system, providing comprehensive services such as scientific research, testing verification, and exchange and sharing for Chinese offshore wind power equipment manufacturers, research institutions, operators, and other upstream and downstream industry chain entities. This will promote the formation of a complete industrial ecosystem, accelerate product R&D upgrades, enhance the independent R&D capability and international competitiveness of China’s electrical equipment manufacturing industry, and improve the resilience and safety levels of the industrial and supply chains.

As a hub of original technology, the base will help accelerate the R&D of new wind power equipment technologies, overcome the bottlenecks in manufacturing large-capacity offshore wind turbine units and large-size blades, and enhance the level of Chinese offshore wind power equipment manufacturing technology. This will boost the high-quality development of the offshore wind power industry.

3. The construction of the offshore wind power test base will facilitate the development of a new type of power system and a new energy system, serving the transition to clean and low-carbon energy and helping to achieve the “dual carbon” goals. Water, wind, and solar clean energy sources have gradually become the main energy sources for China’s construction of a new type of power system. They are the main force in supporting the decarbonization of the power system and then driving the entire energy system and society towards carbon neutrality. Currently, Fujian Province has developed a general layout where clean energy accounts for half of the energy mix and a full range of power sources develop in coordination. As of the end of October 2023, the installed capacity of clean energy in Fujian Province reached 50.27 million kilowatts, accounting for 62.6% of the total installed capacity in the province. Among this, the installed capacity of offshore wind power reached 3.21 million kilowatts, ranking third in the country. It is estimated that the theoretical potential of offshore wind power in Fujian exceeds 120 million kilowatts, and with the grid connection of a batch of large-capacity offshore wind turbine units, the scale of offshore wind power grid connection will continue to expand.

The new type of power system is characterized by a “double high” (high proportion of renewable energy and high proportion of power electronic devices), which continuously raises the requirements for the safe and stable operation of the power grid. Once operational, the base will establish a wind turbine grid connection performance test and evaluation system based on ground tests, and establish related standards. It will provide efficient and reliable technical means for the grid connection tests of large-capacity offshore wind turbine units, improve the performance quality and grid-friendly level of wind turbine units, and ensure the safe and reliable operation of the grid with large-scale wind power integration. This supports the development of clean energy and contributes to the realization of the “dual carbon” goals.

Data from the National Energy Administration shows that by the end of June 2023, China’s installed capacity of renewable energy exceeded 1.3 billion kilowatts, historically surpassing coal power. Among these, wind power installations reached 389 million kilowatts, maintaining the global lead for 13 consecutive years. The State Grid Corporation of China will resolutely implement the new energy security strategy of “Four Revolutions and One Cooperation,” adhere to the corporate purpose of serving the people through the power industry, and advance the high-quality development of “One Body and Four Wings.” This approach is aimed at building an internationally leading, China-characteristic energy interconnection enterprise, powering a better life, and empowering a beautiful China.

Media Contact
Company Name: State Grid Fujian Electric Power Co., Ltd.
Contact Person: Wu Zheng
Email: Send Email
Country: China
Website: https://fjsdl.dlzbxx.com/

The easiest way to reduce losses in electronic equipment by almost 40%

Global energy demand is on the rise; drivers like economic growth and changes in consumer behavior mean that energy demand is estimated to rise by 77% by 2040. Unfortunately, this rise in energy consumption goes hand in hand with increased Carbon Emissions.

Organisations like the Carbon Trust and their Footprint label scheme help to provide consumers at all levels with information so that they can make informed specification and purchasing decisions, and it should come as no surprise that energy efficiency has become a significant focus for today’s markets, especially considering the UK’s Government’s drive towards net zero by 2050. The efficiency of electrical equipment can play a crucial role in reducing energy consumption and environmental impact. However, not all electronic products are created equally regarding energy consumption.

Equipment usually uses transformers to reduce the applied mains voltage to a level more appropriate for the application. While they have been replaced for many applications, like PC power supplies and phone chargers, by Switch Mode Power Supplies (SMPS), they still provide the best way to both reduce the voltage and ensure safety by providing electrical isolation for the connected equipment, this is often critical, especially in technologically advanced applications like medical equipment.

However, outdated machine designs and thinking can be major obstacles to achieving energy efficiency goals. For example, conventional, laminated core EI transformers often need to catch up in efficiency, contributing to unnecessary wastage of energy, especially compared to more modern toroidal versions.

For example, a typical 1000 VA laminated core EI transformer has operational losses at a full load of approx 66 W per hour of every year of its operating life. In contrast, a similar REO toroidal transformer will only have losses of approx 40 W. This is a reduction of almost 40%! Over five years, this equates to approx 21kg of CO2 savings or the equivalent of a 128 km journey in a petrol car, excepting the cost of generating this wasted energy!

Toroidal Transformers have other benefits too. They can be encapsulated to provide ingress protection (IP) up to IP54. The center point fixing method means that they are quickly mounted within equipment or control cabinets, saving time and money. They are specifically designed to outperform standard EI transformers, providing better load regulation, lower leakage current levels, essential in medical applications, conforming to IEC/EN 60601, and lower losses.

REO toroidal transformers are designed and manufactured according to EN ISO 9001 and can be provided as UL-recognised devices with or without NRTL marking for the medical market. Each product is individually tested to ensure compliance and quality. Please visit https://www.reo.co.uk/transformers for more information.

Media Contact
Company Name: REO UK LTD
Contact Person: Stephen Hughes
Email: Send Email
Phone: 01588673411
Country: United Kingdom
Website: https://reo.co.uk/

Hanley Investment Group Raises $33,639 for Movember, its 13th Year of Movember Fundraising to Support Men’s Health

“Hanley Investment Group has raised more than $368,000 for Movember, the leading global charity dedicated to changing the face of men’s health in the U.S. and around the world.”

CORONA DEL MAR, Calif. — Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm raised $33,639 for Movember in the month of November. This marks the 13th consecutive year that Hanley Investment Group has joined the global movement to raise awareness and critical funds for prostate cancer, testicular cancer, mental health and suicide prevention. Hanley Investment Group has raised a total of $368,039 since initiating the campaign in 2011.

Movember is the leading charity dedicated to changing the face of men’s health in the U.S. and around the world. Best known for its annual Movember fundraising campaign that takes place every November, Movember funds various projects and receives donations year-round. The men start clean-shaven on November 1, and then, for the rest of the month, these men, known as “Mo Bros,” groom and trim their moustaches to effectively become walking, talking billboards for the 30 days of November. The women, “Mo Sistas,” also participate in the fundraising efforts.

Hanley Investment Group’s campaign theme this year was “Axe the Stigma, Raise Awareness” as the team channeled their inner lumberjack, buttoned up their flannel, and grew a “Mo,” standing strong together to raise awareness and support for men’s health.

Hanley Investment Group, along with Nathan Holthouser, president of Coastal Commercial, co-hosted a fundraising event on November 28, at Muldoon’s Irish Pub in Newport Beach, California. The event featured guest bartending by Hanley, Holthouser, and Lounge Group’s Mario Marovic. The Lounge Group is a leading Orange County food and beverage consulting firm that owns and operates various Orange County establishments, such as the Wild Goose Tavern, The Country Club, and Muldoon’s Irish Pub. Last year, Marovic was awarded the 2022 Newport Chamber’s Business Person of the Year.

“We had a great time at Muldoon’s Irish Pub and are so grateful for everyone that supported us at the event and all month long,” said Hanley. “We raised $6,469 that evening and exceeded our month’s goal of $30,000. Thank you to Mario Marovic and Nathan Holthouser for hosting and helping with the event!”

Hanley adds, “I am truly humbled by how much support we get from our clients, colleagues, friends and family. This cause is very important to me and our company, and we could not do this every year without the generous support of so many.

“We hope that by calling attention to men’s health, we can save lives and spare friends and family the heartache of loss,” said Hanley. “Prostate cancer is the second most common cancer in men in the U.S.”

Hanley lost his father to prostate cancer in 2009 and Movember gives him and the Hanley Investment Group team a chance to give back to the community and build awareness for men’s mental and physical health.

There is still time to donate to Hanley Investment Group’s Movember fundraising effort. Please visit: https://us.movember.com/team/2234814.

About Movember

Movember is the leading charity changing the face of men’s health on a global scale, focusing on mental health and suicide prevention, prostate cancer and testicular cancer. The charity raises funds to deliver innovative, breakthrough research and support programs that enable men to live happier, healthier and longer lives. Committed to disrupting the status quo, millions have joined the movement, helping fund over 1,250 projects around the world. In addition to tackling key health issues faced by men, Movember is working to encourage men to stay healthy in all areas of their life, with a focus on men staying socially connected and becoming more open to discussing their health and significant moments in their lives. The charity’s vision is to have an everlasting impact on the face of men’s health. To donate or learn more, please visit movember.com. Movember is a registered 501(c)(3) charity.

About Coastal Commercial

Coastal Commercial Inc. is a commercial real estate brokerage that specializes in servicing property owners within the Southern California coastal communities ranging from San Diego to Santa Barbara. Coastal Commercial services include: investment property sales, leasing, property management, and advisory services. For more information, visit www.coastalcommercial.com.

About Hanley Investment Group

Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with over a $10.6 billion transaction track record that specializes in the sale of retail properties nationwide. Our expertise, proven track record, and unwavering dedication to putting clients’ needs first, set us apart in the industry. Hanley Investment Group creates value by delivering exceptional results through the use of property-specific marketing strategies, cutting-edge technology, and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers, and 1031 exchange buyers are unparalleled in the industry, translating into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties. For more information, visit www.hanleyinvestment.com.

Media Contact
Company Name: Hanley Investment Real Estate Advisors
Contact Person: Anne Monaghan | Monaghan Communications
Email: Send Email
Phone: 9496772933
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/

Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: Hanley Investment Group Raises $33,639 for Movember, its 13th Year of Movember Fundraising to Support Men\’s Health

Strengthening Maritime Safety: The Role of AI in Protecting Shipping Lanes

(Image Source: Midjourney)

The maritime industry is responsible for transporting over 90% of global commerce. Given its importance, using machine learning algorithms in shipping operations is crucial to stay competitive. Artificial intelligence (AI) has the potential to not only improve efficiency but also reduce costs, risks, and enhance safety precautions in various industries.

Wide Range of Applications for AI in Shipping

AI-powered systems have numerous applications within the shipping industry. For example, they provide real-time data for ship routes, enhancing navigation. Constant surveillance through sensors helps prevent security threats while also offering accurate information for shipping insurance. Moreover, AI algorithms can analyze collected data to predict maintenance needs, reducing downtime and ensuring ships operate at their best performance.

The use of AI can help automate tasks, optimize operations, improve planning, make better decisions, and increase safety measures in shipping companies. Additionally, it aids in navigation controls, securing communication systems, and improving emergency response plans.

Predicting Rogue Waves with AI

Researchers have utilized AI technology to predict large rogue waves that result in significant damage to ships and oil rigs. By mapping causal variables with artificial intelligence models using data from buoys around the world’s coasts, they can calculate the probability of rogue wave formation. This potentially lifesaving tool provides valuable insights for those embarking on the high seas.

Big Data and AI Technologies for Vessel Traffic Management

Various organizations are developing big data and AI technologies for vessel traffic management in busy ports such as Singapore’s port or crowded sea lanes like the Straits of Singapore and Malacca. The goal is to implement next-generation maritime traffic coordination technology, comparable to air traffic control. This advanced system would improve efficiency, minimize risks, and ensure overall better management of vessel movement.

Autonomous Ships under Development

Machine learning and AI technologies are playing an essential role in the development of autonomous ships. These vessels are being tested with sensors such as radar, LIDAR, sonar, GPS, and AIS to provide data for navigation purposes. Furthermore, their ability to operate autonomously offers potential cost savings by removing the need for human intervention during operation.

Safety and Efficiency: Through constant surveillance using various sensors, AI can detect and respond to potential security threats or inconsistencies, ensuring a safer and more efficient voyage.
Maintenance Prediction: By analyzing large volumes of data through machine learning algorithms, it becomes possible to predict when maintenance is required, reducing downtime and improving performance.
Emergency Response: AI-powered systems can process valuable information quickly, enabling improved response times in emergency situations.

The Future of Maritime Industry: Machine Learning and AI

Machine learning and AI have been influencing the maritime industry for over a decade now, and their impact continues to grow. It is estimated that within five years, the vessel autonomy market and AI-driven systems will be worth a combined $5 billion. As these innovative technologies become more prevalent, we can expect further advancements in safety, efficiency, and sustainability throughout the maritime industry.

By embracing AI-powered solutions, the shipping sector can optimize its operations and streamline processes while also providing vital information for shipping insurance, reducing risks, and advancing safety measures. As a result, these cutting-edge technologies are set to revolutionize the maritime industry, setting new standards for years to come.

Media Contact
Company Name: Secursus
Contact Person: Valentin Scemama
Email: Send Email
Country: United States
Website: https://www.secursus.com/en-us/

China’s Exclusive Green Computing Infrastructure Innovation Cluster Selected for UN Climate Change High-Level Launch

Dubai – December 4^th, 2023 – The high-level launch event of the UN Climate Change Green Practices took place in Dubai, UAE. Mr. Alex Ju, a global advisor for cross sector energy transformation at the Climate Group, was invited to deliver a keynote speech.

Mr. Alex Ju highlighted the significant achievements of the 28th UN Climate Change Conference, emphasizing the collective action of developing countries to promote sustainable development. He stressed the importance of strengthening alignment with green transformation strategies, enhancing mutual assistance, and exploring new pathways that integrate development and environmental protection.

Currently, China, Southeast Asia, and other developing countries and regions are implementing top-level designs such as “Digital China” and the “ASEAN Digital Masterplan 2025 (ADM).” The energy system transformation and infrastructure industry are undergoing significant restructuring.

Mr. Alex Ju remarked that to ensure the efficient, decarbonized, and cost-effective deployment of AI-based computing infrastructure technology revolution in developing countries and regions, BCI is willing to share the successful experience of the Super Energy Complex, which integrates “Energy + Campus + Equipment + Network” through cross-system vertical integration. He also called for strengthened cooperation in the field of computing infrastructure and collective exploration of green, localized, and clustered development paths for computing infrastructure in countries along the Belt and Road.

The Super Energy Complex integrates four major capabilities: advanced energy, advanced campuses, advanced equipment, and advanced networks. It adheres to long-termism and altruism, using industrial investment to alleviate the unsustainability of traditional land investment models based on “land, subsidies, resource”cutting. This unique model facilitates regional industrial transformation and upgrading, providing sustained support for local economic sustainability while helping digital economy enterprises seek carbon reduction in computing power.

Mr. Alex Ju provided detailed explanations of the main pathways for the establishment of the Datong Super Energy Complex. This involves the investment of critical upstream and downstream infrastructure assets, including the hyperscale wind and solar energy base, extended energy storage stations, water-thermal circulation networks, computing equipment research and development bases, and circular link channels. It anchors the localization of supply chains, talent chains, investment chains, and industrial chains, creating a comprehensive “Advanced Energy + Advanced Campus” computing equipment integrated platform with “one horizontal, one vertical, three zones, and multiple campuses” model.

Currently, the reserves of energy, equipment, network, and other elements in the Super Energy Complex have started to take shape. It has accumulated 1 million square meters of campus space, equipment manufacturing production lines, a 2,000-kilometer circular capital highway network, and the capability to recycle water through natural cooling, reaching hundreds of millions of cubic meters.

Regarding energy, the Super Energy Complex has completed the reservation of 2.1GW of green power resources. Once fully operational, it will achieve approximately 3 billion kilowatt-hours of green electricity annually. By 2030, it aims to achieve carbon neutrality in the aforementioned scenario, contributing to the establishment of a world-class infrastructure industry cluster in Datong, China.

Media Contact
Company Name: BCI Group
Contact Person: Xinyan Liu
Email: Send Email
Country: China
Website: https://www.bcig.com/