Blockchain Press Releases
Automated Sample Digestion Systems Market Size Worth USD 7300 Million, Globally, by 2030 at 4.1% CAGR – Exclusive Report by Zion Market Research
NEW YORK, July 21, 2023 /PRNewswire/ — As per Zion Market Research study, the global automated sample digestion systems market size was worth around USD 2100 million in 2022 and is predicted to grow to around USD 7300 million by 2030 with a compound annual growth rate (CAGR) of roughly 4.1% during the forecast period (2023- 2030).
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Automated Sample Digestion Systems Market: Overview
An automated sample digestion system makes independent liquid transfer under computer control. These systems are utilised for metal-free automated digestion, making them ideal workstations. Complete automation of the sample digestion system necessitates the integration of a large number of stages, including the addition of various digestion reagents, such as acids, to samples and subsequent heating for a predetermined time period at a predetermined temperature.
In addition, the system’s digestion temperature is altered, and samples are permitted to cool. Additionally, the system reduces the use of solvents and the production of hazardous debris. Supposedly, automated sample digestion systems are designed with worker safety in mind when dealing with acids and corrosive reagents.
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Key Industry Insights & Findings of the Automated Sample Digestion Systems Market Reports:
- As per the analysis, the Automated Sample Digestion Systems market share is likely to grow above a CAGR of around 4.1% between 2023 and 2030.
- The Automated Sample Digestion Systems market size was worth around USD 2100 million in 2022 and is estimated to hit approximately USD 7300 million by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The global automated sample digestion systems market is anticipated to record massive growth over the forecast period owing to the growing need for improving lab safety and reducing sample analyzing costs.
- In terms of type, the microwave digestion systems segment is slated to register the highest CAGR over the forecast period.
- On the basis of application, the metal & mining segment is slated to dominate the segmental surge over the forecast period.
- Region-wise, the Asia-Pacific automated sample digestion systems market is projected to register the highest CAGR during the assessment period.
Zion Market Research published the latest report titled “Automated Sample Digestion Systems Market By Type (Hotblock Digestion Systems, Microwave Digestion Systems, And Others), By Application (Metal & Mining, Food & Beverages, Pharmaceuticals, And Petrochemical), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” into their research database.
Automated Sample Digestion Systems Market: Growth Factors
- The significant requirement to reduce product sample analysis costs can increase global market trends
The expansion of the global market will be driven by the rising need to enhance laboratory safety and reduce the price of sample analysis. In addition, the rising demand for eliminating repetitive movements and boosting sample throughput is anticipated to boost the global market trends for automated sample digestion systems. In addition, there is an urgent need to reduce unattended functions, and this is likely to increase the popularity of automated sample digestion systems. According to reports, automated sample digestion systems generate homogeneous solutions that accurately represent the original material, thereby stimulating the expansion of the global market.
In addition, the enormous demand for increasing operational efficiency and reducing costs for high-value operations, such as metal analysis, will expand the global market in the coming years. New product introductions have had a significant impact on the expansion of the global market and will continue to do so for the foreseeable future.
Automated Sample Digestion Systems Market: Restraints
- Incapability to dissolve samples effectively may reduce product demand in the future years.
Inadequate dissolving efficacy has led to an incomplete understanding of relevant dissolution chemistries, and this is one of the disadvantages that can impede the global growth of the automated sample digestion systems market. In addition, microwave digestion system digestion pipelines are susceptible to explosion and cracking due to high pressure and extreme temperatures, which can hinder the adoption of automated sample digestion systems in various end-use industries.
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Global Automated Sample Digestion Systems Market: Segmentation
The global automated sample digestion systems market is sectored into type, application, and region.
In type terms, the global automated sample digestion systems market is segregated into hotblock digestion systems, microwave digestion systems, and others segments. In addition to this, the microwave digestion systems segment, which accrued more than 60% of the global market share in 2022, is predicted to record the highest CAGR in the forecast timeframe.
On the basis of the application, the automated sample digestion systems industry across the globe is sectored into metal & mining, food & beverages, pharmaceuticals, and petrochemical segments. Furthermore, the metal & mining segment, which accrued a huge chunk of the global industry share in 2022, is projected to lead the segmental expansion in the forthcoming years. The segmental expansion in the forecast timeline can be subject to a surge in the use of microwave digestion in the preparation of samples from metals and mining.
Recent Developments:
- In March 2023, Analytix Ltd, a key supplier of sample preparation systems & analytic instruments for chemical & life sciences sectors in the UK and Ireland, introduced Milestone ultraWAVE 3, a microwave digestion system, having higher capacity and running at lower costs along with requiring less handling for speeding up sample preparation. Such moves will contribute sizably to the growing demand for automated sample digestion systems in Europe and across the globe.
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List of Key Players in Automated Sample Digestion Systems Market:
The report contains qualitative and quantitative research on the global Automated Sample Digestion Systems Market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global automated sample digestion systems market include;
- CEM Corporation
- Anton Paar
- HORIBA
- Milestone Srl
- Analytik Jena
- PerkinElmer
- SCP SCIENCE
- Aurora
- SEAL Analytical
- Berghof Products + Instruments
- Sineo Microwave
- Shanghai PreeKem
- Beijing Xianghu
- Shanghai Xtrust
Key questions answered in this report:
- What is the growth rate forecast and market size for Automated Sample Digestion Systems Market?
- What are the key driving factors propelling the Automated Sample Digestion Systems Market forward?
- What are the most important companies in the Automated Sample Digestion Systems Market Industry?
- What segments does the Automated Sample Digestion Systems Market cover?
- How can I receive a free copy of the Automated Sample Digestion Systems Market sample report and company profiles?
Report Scope:
|
Report Attribute |
Report Details |
|
Market Size in 2022 |
USD 2100 Million |
|
Market Forecast in 2030 |
USD 7300 Million |
|
Growth Rate |
CAGR of 4.1% |
|
Base Year |
2022 |
|
Forecast Years |
2023- 2030 |
|
Key Companies Covered |
CEM Corporation, Anton Paar, HORIBA, Milestone Srl, Analytik Jena, PerkinElmer, SCP SCIENCE, Aurora, SEAL Analytical, Berghof Products + Instruments, Sineo Microwave, Shanghai PreeKem, Beijing Xianghu, and Shanghai Xtrust. |
|
Segments Covered |
By Type, By Application, and By Region |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
|
Customization Scope |
Avail customized purchase options to meet your exact research needs. |
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Automated Sample Digestion Systems Market: Regional Analysis
- North America is expected to take over the world market over the next few years
In 2022, more than two-fifths of the income from the global automated sample digestion systems market came from North America. During the assessment period, North America is expected to see a big rise. The existence of big players like Anton Paar, HORIBA, Milestone Srl, and CEM Corporation in countries like the U.S. could be a reason for the growth of the market in the region from 2023 to 2030. Other things that will help the regional market grow include the release of new products and the start of industrial revolution 4.0.
Also, the automated sample digestion systems industry in the Asia-Pacific region is projected to have the highest CAGR during the assessment period. The growing demand for automated sample digestion systems in China, Japan, Taiwan, Malaysia, South Korea, and Singapore’s metal and mining, pharmaceuticals, food and beverages, and petrochemical industries is expected to be a good thing for the growth of the regional industry.
Global Automated Sample Digestion Systems Market is segmented as follows:
Automated Sample Digestion Systems Market: By Type Outlook (2023-2030)
- Hotblock Digestion Systems
- Microwave Digestion Systems
- Others
Automated Sample Digestion Systems Market: By Application Outlook (2023-2030)
- Metal & Mining
- Food & Beverages
- Pharmaceuticals
- Petrochemical
- Others
Automated Sample Digestion Systems Market: By Region Outlook (2023-2030)
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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As headlines spotlight spot Bitcoin (BTC) exchange-traded fund (ETF) flows and institutions revealing their exposure to BTC ETFs, financial service infrastructure providers are quietly integrating blockchain technology into their systems.
According to a recent report from the Depository Trust & Clearing Corporation (DTCC), the firm conducted a pilot program named Smart NAV in collaboration with Chainlink (LINK). This initiative aimed to extend the capabilities of DTCC’s Mutual Fund Profile Service I (MFPS I), the industry standard for transmitting ‘Price and Rate’ data, also known as ‘NAV data.’
DTCC’s Mutual Fund Services business currently operates MFPS I, offering fund companies an automated solution to deliver prices and daily distribution rates to numerous clients for tens of thousands of mutual fund securities. Traditionally, DTCC collects price and rate data from funds/service providers and distributors, then aggregates and disseminates it at regular intervals through its message queue (MQ) and file-based methods.
The Smart NAV Pilot served as a digital extension of the existing MFPS I service, aiming to broaden and complement its current capabilities. DTCC recognized the growing interest in mutual fund tokenization and saw an opportunity for on-chain price and rate data to facilitate new initiatives. Taking a ‘chain-agnostic’ approach, meaning the ability to disseminate NAV data across virtually any blockchain, was crucial for enabling other use cases to build upon Smart NAV’s foundations.
Ten market participants, including major names like American Century Investments, BNY Mellon, and JP Morgan, collaborated with DTCC and Chainlink on the pilot. They evaluated the feasibility and industry value of implementing a distributed ledger technology (DLT)-based price and rate dissemination solution to unlock new benefits and support experimentation in the asset management space.
The pilot results demonstrated that delivering structured data on-chain and establishing standard roles and processes enabled foundational data to be integrated into various on-chain use cases, such as tokenized funds and bulk consumer smart contracts. This capability can fuel future industry exploration and empower numerous downstream use cases, including brokerage portfolio applications.
The simplest application of Smart NAV is to provide trusted, verifiable data on virtually any blockchain network to support its use in business workflows. During the pilot, DTCC acted as both the provider and governor of the on-chain data solution, while Chainlink’s CCIP served as the interoperability layer. The core capability explored is adaptable across a wide range of use cases, potentially enhancing operational efficiency and streamlining processes.
Based on the positive findings, DTCC sees an opportunity to expand the scope of the pilot to explore broader use cases beyond price and rate data dissemination and across more blockchains.
Source: kitco.com
The post DTCC partners with Chainlink and JPMorgan to pilot blockchain integration for fund data appeared first on HIPTHER Alerts.
Blockchain
Is Donald Trump’s Recent Crypto-Friendly Stance Genuine Or Opportunistic? Experts Weigh In
Presidential candidate Donald Trump recently made a surprising endorsement of crypto, suggesting that he would ease hostility towards cryptocurrencies in the US if re-elected.
Trump stated, “If we’re going to embrace it, we have to let them be,” and urged crypto supporters to vote for him. This marks a significant shift from his previous criticisms of Bitcoin and other cryptocurrencies in 2019, where he labeled them as “not money” due to their volatility and lack of intrinsic value, expressing concerns about their potential use in illegal activities like drug trafficking.
Crypto’s Impact on Voter Preferences
With approximately 20% of American adults reportedly holding crypto, candidates are taking notice. Markus Levin of XYO Network sees embracing crypto and implementing solid regulation as a strategic move in elections and sound policy overall. He believes Trump’s apparent positive stance towards the industry will sway some voters in his favor.
Jonathan Thomas of Blueberry suggests that Trump’s crypto-friendly rhetoric may attract voters who prioritize crypto as a single-issue matter.
Skepticism Surrounding Trump’s Crypto Support
However, not everyone is convinced by Trump’s newfound endorsement of crypto. NFT enthusiast Thorne Melcher views it as “flimsy” and warns against the potential for conservative politics to restrict crypto due to its use in areas such as trans hormone replacement therapy and abortions.
While some may see Trump’s support for crypto as a reason to vote for him, others like Stephanie Vaughan of Veda caution against assuming substantial benefits from this endorsement alone. Vaughan highlights the Biden Administration’s hardline stance on crypto regulation by enforcement, which she believes is unworkable and could push voters towards Trump.
Trump’s Strategy to Attract Crypto Voters
Trump’s pivot from crypto skeptic to NFT enthusiast reflects a strategic move to appeal to voters interested in crypto. Vaughan suggests that many crypto-focused voters may have supported Biden in the last election, but Trump is actively courting them by recognizing the industry’s significance.
By acknowledging crypto’s growing influence on voters, Trump aims to draw support away from Biden, positioning himself as the candidate more aligned with the interests of the crypto community.
Source: cryptonews.com
The post Is Donald Trump’s Recent Crypto-Friendly Stance Genuine Or Opportunistic? Experts Weigh In appeared first on HIPTHER Alerts.
droppGroup, a trailblazer in amalgamating blockchain and artificial intelligence, has unveiled droppLink, an innovative service platform poised to potentially revolutionize AI management and development across various blockchains. The architecture of droppLink empowers users with control over data contributions, abstracts computational requirements, and streamlines micropayments.
Stakeholders, dubbed Computational Resource Patrons (CRPs), contribute to the infrastructure costs and share profits from the facilitated AI operations.
As a web3 development firm, droppGroup specializes in deploying patented innovations in AI, machine learning (ML), object recognition, streaming, crypto, augmented reality (AR), virtual reality (VR), and mixed reality (MR). droppGroup is now advancing multi-modal AI systems with droppLink.
Gurps Rai, co-founder and CEO of droppGroup, explains that droppLink tokenizes each stage in an AI model’s lifecycle across multiple blockchains, such as Solana, Polygon, Ethereum, Base, and Hyperledger Fabric 2.5, ensuring unparalleled data integrity and expediting AI development.
Rai added, “This process upholds data ownership rights while establishing a transparent, immutable usage record via our Proof of Gen and Data Genesis protocols.”
Christopher J. Kelly, co-founder and president of droppGroup, underscores the company’s commitment to pushing the boundaries of multi-modal AI systems at the convergence of physical and digital realms, introducing cutting-edge solutions to the market.
Scheduled to speak on the monitoring and evaluation panel at the AWS Summit on May 22, Kelly will address topics like data integrity in AI and its alignment with the company’s mission.
With the AI market projected to reach $297 billion by 2027, ethical considerations such as data provenance, intellectual property protection, and fair compensation are paramount.
Accessible through droppPhygital, droppLink leverages multi-chain integration and robust tokenization to bolster data integrity. By melding blockchain technology with artificial intelligence, droppLink establishes an ethical management layer, aiming to reshape the AI landscape by fostering trust, transparency, and innovation.
Source: cryptotimes.io
The post droppGroup Unveils Platform with AI-Blockchain Integration appeared first on HIPTHER Alerts.
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