Blockchain Press Releases
Micro Injection Molding Machine Market worth $0.7 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 25, 2023 /PRNewswire/ — The report “Micro Injection Molding Machine Market by Type (0-10 tons, 10-30 tons, and 30-40 tons), Application (Medical, Automotive, Fiber Optics, Electronics), Region (North America, Europe, Asia-Pacific, South America, MEA) – Global Forecast to 2028″, is projected to reach USD 0.7 billion by 2028, at a CAGR of 9.9% from USD 0.5 billion in 2023.
Micro injection molding machines are used to create plastic parts with tolerances between 10 and 100 microns and shot weights between 1 and 0.1 grams. This molding technique enables the most accurate and precise production of very tiny geometries. The obvious determining element for micro molding is part size. A component or part created using micro molding has micro-scale dimensions, micro-scale features, and micro-scale tolerances. The fundamental idea behind the micro injection molding procedure is very similar to that of the conventional injection molding procedure. The injection molding machine incorporates the microinjection unit.
0 to 10 tons clamping force is the fastest growing segment of the micro injection molding machine market. Asia Pacific was the largest market for micro injection molding machines in 2022 in terms of value. Factors such as growth in the automotive sector and rising demand for medical applications are driving the market.
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“0 to 10 tons clamping force segment is projected to be the fastest-growing type for micro injection molding machine market between 2023 and 2028.”
Micro injection molding machine with a clamping force of 0 to 10 tons is expected to grow at the highest CAGR during the forecast period due to the demand for micro molded plastic parts in electronics, automotive, and medical application. The requirement for a micro injection molding machine with a clamping force of 0 to 10 tons is expected to grow to manufacture high precision micro molded parts. The shift towards nanotechnology in every sector, including medical, automotive, fiber optics, electronics, and others, is increasing the necessity for smaller high-precision parts.
“Automotive segment is projected to be the second-largest application in micro injection molding machine market between 2023 and 2028.”
The prominence of microtechnology is expanding as there is an increasing need for more advanced technology in the automobile industry. Microelectronics, sensors, and other micros components are employed in onboard systems for autonomous steering and cabin comfort. In the automotive industry, progressively complex vehicle electronics use micro-injection molding to manufacture connectors, gears, micro switches, and sensors.
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“Asia Pacific is projected to be the fastest-growing region for the micro injection molding machine market during the forecast period.”
In Asia Pacific, China is the largest micro injection molding machine market. The manufacturing industry is expected to grow as a result of economic developments in emerging markets like China and India. The micro injection molding machines market is anticipated to increase in this region due to factors including rapidly growing end-use industries, competitive production costs, and strong economic growth rates. These elements encourage players in the industry to establish a business in the Asia Pacific.
The key players in this market are Sumitomo Heavy Industries Ltd. (Japan), Engel Austria GmbH (Austria), Nissei Plastic Industrial Co., Ltd. (Japan), Sodick Co., Ltd. (Japan), and Hillenbrand Inc. (US).
Browse Adjacent Market: Equipment Machine and Tooling Market Research Reports & Consulting
Related Reports:
Injection Molding Machine Market – Global Forecast to 2027
Plastic Injection Molding Machine Market – Global Forecast to 2028
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Blockchain Press Releases
Discover Move Move Coin: Is This the Next Sports Blockchain for Your Workout?
SINGAPORE, May 1, 2024 /PRNewswire/ — MMC Foundation Singapore is excited to announce the launch of Move Move Coin (MMC), the first-of-its-kind blockchain sports project designed to transform how we think about fitness and technology. This pioneering initiative is set to merge health with high-tech, promoting nationwide fitness through the innovative use of Web3 technology.
Transforming National Fitness with Blockchain
By integrating physical activity with blockchain, MMC creates a unique ecosystem where exercise translates directly into MMC computing power. Participants can engage in the MMC exercise plan, turning their workouts into tangible incentives for every physical activity.
Move Foundation’s mission is to ignite a passion for sports across the nation by offering a cutting-edge, enjoyable sports ecosystem. With the introduction of MMC, the vision is to position it as the leading global initiative for national sports programs powered by Web3 technology, setting a precedent for future sports blockchain projects.
Why You Should Move With MMC Foundation
MMC lies in a dynamic system that transforms physical activity into tangible rewards. Participants can enhance their fitness routines while simultaneously generating MMC computing power, a novel approach that earns them MMC encrypted assets. This unique feature leverages the dual benefits of health and technology, offering an incentive that goes beyond traditional fitness rewards.
The integration of NFT technology with sports equipment not only personalizes the user experience but also amplifies the benefits received from workouts. By purchasing NFTs that represent various pieces of sports gear, users can increase their MMC accumulation, thus adding a layer of customization and value to their exercise regimen.
To safeguard the integrity and longevity of NFT assets, MMC Foundation employs the IPFS network for storage, ensuring decentralized, reliable access worldwide. Looking ahead, MMC Foundation is set on expanding MMC’s footprint globally, collaborating with other blockchain ecosystems for seamless asset circulation and exchange, and positioning itself as a leader in the sports blockchain market.
The Global Vision for MMC Foundation
The future of the MMC project is marked by an ambitious global expansion strategy. This involves not only widespread promotion across various markets but also strategic partnerships with other blockchain ecosystems. These collaborations are essential for facilitating the cross-chain circulation and exchange of assets, enhancing the interoperability and reach of the MMC ecosystem.
MMC Foundation is also committed to a robust global marketing drive aimed at establishing the project as a top-tier brand within the sports blockchain industry. By actively promoting and aligning with international sports and fitness communities, MMC Foundation aims to create a widely recognized presence worldwide.
About Move Move Coin
Move Move Coin (MMC) is a solution initiated by the MMC Foundation in Singapore that utilizes Web3 technology to encourage and motivate nationwide physical fitness activities. MMC operates as a token rewards and blockchain-driven system, allowing participation in token mining through devices like smartphones and smartwatches for activity monitoring.
For more information, please visit:
- Official Website: movemovecoin.com
- Blockchain Explorer: mmcscan.com
- Whitepaper: https://doc.movemovecoin.com/zh-cn
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MicroStrategy has increased its Bitcoin holdings to 214,400 BTC with a recent purchase of $7.8 million worth of the cryptocurrency. This move further solidifies MicroStrategy’s position as a major institutional holder of Bitcoin and demonstrates its continued bullish outlook on the digital asset.
MicroStrategy, a publicly traded business intelligence firm, has been actively accumulating Bitcoin as part of its treasury strategy, viewing the cryptocurrency as a long-term store of value and hedge against inflation. The recent purchase of $7.8 million worth of Bitcoin adds to the company’s already substantial holdings, reaffirming its confidence in the future potential of the digital currency.
MicroStrategy’s ongoing accumulation of Bitcoin reflects a broader trend of institutional adoption and investment in the cryptocurrency space. As more companies recognize the value proposition of Bitcoin as a hedge against economic uncertainty and fiat currency devaluation, they are increasingly allocating funds to acquire and hold the digital asset.
Overall, MicroStrategy’s decision to boost its Bitcoin holdings with a $7.8 million purchase underscores the company’s conviction in the long-term viability and potential of Bitcoin as a strategic asset. This move is likely to further encourage other institutions to explore Bitcoin as a component of their investment portfolios, driving continued growth and adoption in the cryptocurrency market.
Source: crypto.news
The post MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase appeared first on HIPTHER Alerts.
PollBits is redefining crypto trading standards with its industry-leading features and services. This platform is making waves in the cryptocurrency trading space by offering innovative solutions and setting new benchmarks for excellence.
PollBits stands out from other crypto trading platforms by introducing cutting-edge features and services that cater to the needs of traders and investors. By prioritizing user experience and functionality, PollBits is enhancing the trading experience and empowering users to make informed decisions in the dynamic cryptocurrency market.
PollBits’ commitment to excellence and innovation is driving its success and setting it apart as a leader in the industry. With its focus on providing industry-leading features and services, PollBits is positioning itself as a go-to platform for traders seeking a reliable and user-friendly trading experience.
Overall, PollBits’ redefinition of crypto trading standards underscores the rapid evolution and maturation of the cryptocurrency industry. As platforms like PollBits continue to push the boundaries of innovation, traders and investors can expect greater accessibility, transparency, and efficiency in cryptocurrency trading, ultimately contributing to the growth and adoption of digital assets worldwide.
Source: cryptonews.com
The post Pollbits Redefines Crypto Trading Standards with Industry-Leading Features and Services appeared first on HIPTHER Alerts.
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