Blockchain Press Releases

Infrastructure Monitoring Market to Reach $10.26 Billion by 2030: Grand View Research, Inc.

Published

2 years ago

June 27, 2023

SAN FRANCISCO, June 27, 2023 /PRNewswire/ — The global infrastructure monitoring market size is expected to reach USD 10.26 billion by 2030, registering a CAGR of 11.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. Infrastructure monitoring focuses on the development, deployment, and utilization of technologies, systems, solutions, and services that are aimed at monitoring and assessing the condition, performance, and integrity of various types of infrastructure across the verticals including oil & gas, manufacturing, aerospace and defense, construction, automotive, and power generation. This includes but is not limited to equipment, buildings, bridges, roadways, and utility networks. Infrastructure monitoring aims to gather real-time data, often through sensors and monitoring systems, to enable proactive maintenance, detect potential issues or failures, ensure the safety and reliability of infrastructure assets, and optimize their performance.

Key Industry Insights & Findings from the report:

Infrastructure monitoring is to ensure the safety, reliability, and efficiency of infrastructure systems, such as machinery, bridges, roads, buildings, equipment, and utility networks.
The services segment is projected to grow at the fastest CAGR over the forecast period.
The wired technology segment is expected to dominate the market in 2022 with a revenue share of 56.8% and is expected to expand at a CAGR of 8.1% from 2023 to 2030.
The damage detection segment is projected to grow at the fastest CAGR of 12.3% over the forecast period.
The manufacturing segment is projected to grow at the fastest CAGR of 18.5% over the forecast period.

Read full market research report, “Infrastructure Monitoring Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Technology, By Application, By Vertical, By Region, And Segment Forecasts, 2023 – 2030“, published by Grand View Research.

Infrastructure Monitoring Market Growth & Trends

The market encompasses a wide range of technologies, including sensors, data acquisition systems, analytics software, and communication networks, as well as the associated services required to implement, operate, and maintain monitoring solutions. The infrastructure monitoring industry plays a crucial role in enhancing infrastructure systems’ longevity, safety, and efficiency, contributing to the overall development and sustainability of societies and economies. Based on components, the market is divided into hardware, software, and services. Hardware components play a critical role in enabling effective and reliable monitoring of various infrastructure assets.
Based on technology, the market is divided into wired & wireless technology. Based on application, the market is divided into corrosion monitoring, crack detection, damage detection, vibration monitoring, thermal monitoring, multimodal sensing, strain monitoring, and others. Vibration monitoring is an essential tool in infrastructure monitoring, providing valuable data for assessing structural integrity, optimizing performance, enabling condition-based maintenance, and enhancing safety across a wide range of infrastructure assets. Based on vertical, the market is divided into oil & gas, manufacturing, aerospace and defense, construction, automotive, power generation, and others.
Some of the key players operating in the global market for infrastructure monitoring include Siemens AG; Emerson Electric; Digitex Systems; General Electric; Campbell Scientific, Inc.; National Instruments; Honeywell; Acellent Technologies, Inc.; Parker Hannifin; Rockwell Automation; AVT Reliability Ltd.; Bridge Diagnostics, Inc. (BDI); and Yokogawa Electric Corporation. These key players are implementing various development strategies such as business expansion, product launches, partnerships, and others to expand their presence and market share.
In February 2023, Komatsu and Cummins joined forces to introduce a cutting-edge remote equipment monitoring solution that offers seamless integration. This innovative solution aims to minimize unexpected equipment downtime, expedite maintenance procedures, and prolong the lifespan of components while extending maintenance intervals. By leveraging the power of this integrated monitoring solution, customers can optimize their operations, enhance productivity, and achieve greater efficiency in their equipment management practices.

Infrastructure Monitoring Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 4.96 billion
Revenue forecast in 2030 Advertisement	USD 10.26 billion
Growth Rate	CAGR of 11.0% from 2023 to 2030
Historic year	2017 – 2021 Advertisement
Base year for estimation	2022
Forecast period	2023 – 2030

Infrastructure Monitoring Market Segmentation

Grand View Research has bifurcated the global infrastructure monitoring market based on component, technology, application, vertical, and region:

Infrastructure Monitoring Market – Component Outlook (Revenue, USD Billion, 2017 – 2030)

Hardware
Software
Services

Infrastructure Monitoring Market – Technology Outlook (Revenue, USD Billion, 2017 – 2030)

Wired
Wireless

Infrastructure Monitoring Market – Application Outlook (Revenue, USD Billion, 2017 – 2030)

Corrosion Monitoring
Crack Detection
Damage Detection
Vibration Monitoring
Thermal Monitoring
Multimodal Sensing
Strain Monitoring
Others

Infrastructure Monitoring Market – Vertical Outlook (Revenue, USD Billion, 2017 – 2030)

Oil & Gas
Manufacturing
Aerospace and Defense
Construction
Automotive
Power Generation
Others

Infrastructure Monitoring Market – Regional Outlook (Revenue, USD Billion, 2017 – 2030)

North America

U.S.
Canada

Europe

UK
Germany
France

Asia Pacific

India
China
Japan
South Korea
Australia

Latin America

Brazil
Mexico

Middle East & Africa

Kingdom of Saudi Arabia (KSA)
U.A.E.
South Africa

List of Key Players in the Infrastructure Monitoring Market

Acellent Technologies, Inc.
Parker Hannifin
Siemens AG
Emerson Electric
Digitex Systems
General Electric
Campbell Scientific, Inc.
National Instruments
Honeywell
Rockwell Automation
AVT Reliability Ltd.
Bridge Diagnostics, Inc. (BDI)
Yokogawa Electric Corporation

Check out more market research studies published by Grand View Research:

5G Indoor Network Infrastructure Market – The global 5G indoor network infrastructure market size is expected to reach USD 87.79 billion by 2030, growing at a CAGR of 40.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the factors, such as enhanced connectivity indoors and the growing adoption of 5G in applications, such as data centers, manufacturing, healthcare, and real estate, among others. The high speed and low latency provided by 5G indoor network infrastructure indoors are expected to drive the market’s growth over the forecast period. Countries across the world are rapidly adopting 5G technologies for enhanced connectivity. Countries, such as China, the U.S., Japan, South Korea, the UK, Italy, and Spain, are deploying 5G to keep pace with the growing digitization.
Enterprise Network Infrastructure Market – The global enterprise network Infrastructure market size is anticipated to reach USD 86.02 billion by 2030, registering a CAGR of 4.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to grow due to the increasing need for bandwidth, technology shifts to wireless, and the rising adoption of smart devices. Enterprises are adopting digital technology to improve business operations. With increasing digitalization, the importance of network infrastructure is increasing, and thus the demand for network infrastructure is also growing. Moreover, the increasing virtualization of servers, hybrid cloud technologies, personal cloud, and growing demand for enterprise mobility are expected to favourably impact the market over the forecast period.
Battery Swapping Charging Infrastructure Market – The global battery swapping charging infrastructure market size is expected to reach USD 811.5 million by 2030, expanding at a CAGR of 20.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Battery swapping charging infrastructure, also known as battery-as-a-services, eliminates the maintenance and service cost required, reduces the upfront cost of an Electric Vehicle(EV) considerably, cuts down CO2 emissions, and minimizes EV battery wastage. Owing to these advantages of the battery-swapping charging infrastructure, the industry is expected to grow significantly over the forecast period.

Browse through Grand View Research’s Next Generation Technologies Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
Grand View Compass | Market Trend Reports
Follow Us: LinkedIn | Twitter

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Blockchain Press Releases

Canaan Introduces Revolutionary Bitcoin Mining Heaters for Home and Personal Use in CES 2025

Published

1 day ago

January 8, 2025

CISION (PR Newswire)

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LAS VEGAS, Jan. 7, 2025 /PRNewswire/ — Canaan INC (NASDAQ: CAN), a leading blockchain hardware manufacturer, today announced the launch of the Avalon Mini 3 and Nano 3S in Las Vegas, CES. The two innovative Bitcoin mining devices are designed to democratize cryptocurrency mining for individuals and turning a home heating system into a crypto mining device.

Product Innovation

Canaan is redefining home cryptocurrency mining with two groundbreaking devices. The Avalon Mini 3, with a Hashrate of 37.5Th/s, offers a unique dual-purpose solution, combining efficient Bitcoin mining with home heating. The app-controlled operation and sleek, quiet design, provides a remarkably easy-to-use, energy-efficient solution for mining newcomers and enthusiasts.

The Avalon Nano 3S, which is upgraded from the widely-welcomed Avalon Nano 3, with a Hashrate of 6Th/s, complements this offering as an affordable, beginner-friendly Bitcoin mining device. Its compact and portable design alongside its low power consumption makes it ideal for individual users while supporting the broader goal of Bitcoin network decentralization.

Reimagining Technology Efficiency

The Avalon Mini 3 can simultaneously mine Bitcoin and warm living spaces, offering homeowners a unique way to offset energy costs and reduce environmental impact. This device gives users innovative access to heat recycling, turning the computational work of Bitcoin mining into a dual-purpose solution that provides both digital currency and home comfort.

“We are committed to making Bitcoin mining accessible to everyone,” said NG Zhang, CEO and founder of Canaan. “The Avalon Mini 3 and Avalon 3S represent our vision of user-friendly, practical mining solutions for the modern individual. We’re reimagining how technology can create value while minimizing environmental waste. The Avalon Mini 3’s ability to generate cryptocurrency while heating your home is a perfect example of our vision for sustainable, multi-purpose technology.”

Availability

Preorder Now at https://canaan.io/avalonhome

During the preorder period till the end of February 2025, the price for Avalon Nano 3S is USD249 and Avalon Mini 3 is USD899 while supplies last.

About Canaan Inc.

Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in Bitcoin’s history under the brand name Avalon.

Website: canaan.io
Media Contact: [email protected]
Telegram Group Official: https://t.me/Canaanio
X.com: https://x.com/canaanio

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Blockchain Press Releases

Bybit Joins AI Coin Revolution with AI16Z Listing

Published

2 days ago

January 7, 2025

CISION (PR Newswire)

bybit-joins-ai-coin-revolution-with-ai16z-listing

DUBAI, UAE, Jan. 7, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has added the trending Solana-based AI token, AI16Z, to Bybit Spot on Jan. 6, 2025. The official listing came on the heels of AI16Z’s success on ByVotes, and was followed by a 24-hour gain of 47% after listing on Bybit.

AI16Z was the first ByVotes project to have garnered vast community support for Spot Listing on Bybit in 2025. Since the revamp of the platform, ByVotes has attracted a wave of quality projects from the niche to the high profile. Under the new mechanisms, the Bybit community now has a direct impact on choosing projects for listing on the exchange by casting their votes of confidence via ByVotes. A number of fan favorites made their mark on ByVotes in the past year, including AI-themed LUNAI with a record number of 512 million votes, and other iconic memecoins such as CHILLGUY, LUCE, NEIROCTO, and HPOS10I.

Users may still unlock exclusive rewards trading AI16Z on Bybit Spot in two events: Token Splash and Puzzle Hunt, each with a 50,000 AI16Z prize pool. The token attracted over 72,000 Bybit users in the pre-listing round of community votes on ByVotes, and received some 300,000,000 votes in the two-day voting period.

AI16Z on Bybit Spot

Bybit users have the opportunities to get more out of their AI16Z trades on Bybit:

AI16Z Token Splash: the newly listed token comes with a 50,000 AI16Z prize pool for both new and seasoned traders. From now to Jan. 20, 2025, the first 3,500 eligible new users to successfully complete two simple tasks will receive 10 AI16Z each. In addition, existing users stand to earn up to 1,000 AI16Z by trading the token.
AI16Z Puzzle Hunt: A new puzzle hunt for 50,000 AI16Z has kicked off on Bybit. From now to Jan. 21, Bybit users may earn or exchange puzzle pieces for a chance to win from the lucky draw, and the luckiest first 200 users to complete the entire puzzle will get to claim 50 AI16Z.

Registration is required for both events, terms and conditions apply. AI16Z are also available for trades via Bybit Spot Grid Bots.

Since Dec. 25, 2024, the native token of the world’s first investment DAO led by AI agents has doubled in market cap after the listing, well past the $2 billion mark as of this week. Leading the way as blockchain’s decentralized answer to traditional VC, the DAO fuses AI’s advanced power with crypto’s meme culture to raise the bar for intelligent decentralized governance. Powered by the Eliza Framework, the face of the ai16z is AI Marc who is a brainchild of Marc Andreessen.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For updates, please follow: Bybit’s Communities and Social Media

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Blockchain Press Releases

Get Ready for Bybit’s ‘Keynote with Ben’ Livestream: Unveiling 2025 Vision and Exclusive Prize Pool

Published

2 days ago

January 7, 2025

CISION (PR Newswire)

get-ready-for-bybit’s-‘keynote-with-ben’-livestream:-unveiling-2025-vision-and-exclusive-prize-pool

DUBAI, UAE, Jan. 7, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is gearing up to captivate audiences with its highly anticipated livestream event, Keynote with Ben: In the Driving Seat to the Moon — Beat the Unknown. The event promises to spotlight Bybit’s remarkable journey, its vision for 2025 and beyond, and a series of groundbreaking innovations that redefine the digital finance landscape.

Scheduled for Jan. 21, 2025, at 8 a.m. UTC, the livestream will feature Bybit’s CEO Ben Zhou delivering insights into the future of Web3, Bybit’s ecosystem expansion, and pioneering advancements in wealth management. With a commitment to shaping the next era of decentralized finance, Bybit aims to inspire and inform both its loyal community and newcomers alike.

Exciting Rewards Await

In conjunction with the keynote, Bybit is launching an exclusive campaign running from now to Jan. 21, 2025. Participants have the opportunity to win a share from a generous 5,250 prize pool in combined rewards, including tokens and P2P coupons. The rewards will be distributed through various activities:

New User Exclusive: New users who sign up and subscribe to the event early can claim a 5 USDT reward on top of Bybit’s 20 USDT sign-up bonus. This offer is limited to the first 150 participants.
Spread the Word: By sharing the livestream link on social media and submitting proof of their posts, 100 lucky participants will receive a 5 USDT spot airdrop.
Trade and Win During the Livestream: Participants who trade at least 50 USDT during the livestream can share a 3,300 CHILLGUY prize pool, while new users depositing 100 USDT or more will compete for a 200 GRASS token prize pool.
Ask and Earn: By submitting thought-provoking questions through the livestream page, 25 standout participants will win 20 USDT P2P coupons, sharing a total prize of $500.

Unveiling a Bullish Vision

Bybit’s 2025 roadmap includes ambitious milestones and transformative strategies designed to empower its users in the evolving Web3 ecosystem. Attendees of the keynote can expect firsthand insights into the company’s accomplishments and its forward-looking initiatives.

The keynote will feature a retrospective on Bybit’s significant milestones achieved in 2024, the unveiling of new ecosystem expansions, and an exploration of cutting-edge Web3 innovations. Additionally, attendees can look forward to announcements about advanced wealth management solutions designed to empower users in a decentralized future.

Bybit invites its community and beyond to join this milestone event, where vision meets action, and opportunities for rewards are plentiful. While the livestream is sure to inspire, the accompanying campaign ensures tangible benefits for those participating in Bybit’s ongoing journey to the moon.

#Bybit / #TheCryptoArk / #BybitLivestream

About Bybit

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For updates, please follow: Bybit’s Communities and Social Media

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