Blockchain Press Releases
Cleanroom Technologies Market worth $11.4 billion | MarketsandMarkets
CHICAGO, Aug. 4, 2023 /PRNewswire/ — In the near future, the Cleanroom Technologies industry is poised to witness a remarkable transformation, driven by rapid advancements in technology and the growing emphasis on stringent quality standards across various sectors. With the increasing demand for contamination-free environments in pharmaceuticals, biotechnology, electronics, aerospace, and healthcare, cleanroom facilities are expected to experience substantial growth and sophistication. Innovative solutions like state-of-the-art air filtration systems, nanotechnology-based cleaning agents, and advanced monitoring tools will revolutionize the way cleanrooms are designed, operated, and maintained. Furthermore, the integration of automation, artificial intelligence, and robotics will enhance efficiency and minimize human intervention, ensuring even higher levels of cleanliness and precision. As sustainability becomes a key priority, eco-friendly cleanroom materials and energy-efficient practices will gain prominence, aligning the industry with global environmental goals. The cleanroom technologies industry is destined to play a pivotal role in shaping the future of various sectors, enabling safer, more reliable, and cutting-edge products and services while fostering a cleaner and healthier world.
Cleanroom Technologies Market in terms of revenue was estimated to be worth $8.2 billion in 2023 and is poised to reach $11.4 billion by 2028, growing at a CAGR of 6.8% from 2023 to 2028 according to a new report by MarketsandMarkets™.
The cleanroom technologies market is mainly driven by factors such as the stringent government regulations for effective infection control, growing demand for medical devices, advancements in cleanroom technology, and rising demand for parenteral & injectable pharmaceutical formulations growth of the biological sector, rising demand for parenteral, growing demand for medical devices, and increasing R&D spending in the pharmaceutical industry. However, the high operational costs associated with cleanrooms is expected to restrain market growth to a certain extent.
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Browse in-depth TOC on “Cleanroom Technologies Market”
289 – Tables
41 – Figures
302 – Pages
Cleanroom Technologies Market Scope:
Report Coverage |
Details |
Market Revenue in 2023 |
$8.2 billion |
Estimated Value by 2028 |
$11.4 billion |
Growth Rate |
Poised to grow at a CAGR of 6.8% |
Market Size Available for |
2021–2028 |
Forecast Period |
2023–2028 |
Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
By Product, Type, End User & Region |
Geographies Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Report Highlights |
Updated financial information / product portfolio of players |
Key Market Opportunities |
Increasing demand for cleanrooms in developing economies |
Key Market Drivers |
Stringent regulatory framework |
The consumables segment has accounted for the largest market share during the forecast period.
Based on Product, the cleanroom technologies market is segmented into equipment, controls, and consumables. The consumables segment accounted for the largest share of the cleanroom technologies market. Consumables segment is also estimated to grow at the highest CAGR during the forecast period. The high and growing number of biotech, pharmaceuticals and medical device companies facilitating the use of disposable protective clothing drives the growth of the consumables segment in the cleanroom technologies market.
The modular cleanrooms segment has accounted for the largest share of the global cleanroom technologies market
Based on type, the cleanroom technologies market has been segmented into standard cleanrooms, modular cleanrooms and mobile cleanrooms. The standard cleanrooms segment accounted for the largest share of the cleanroom technologies market in 2022. The high demand for cleanrooms that are more design-flexible than standard cleanrooms, quick and easy to install, freestanding for easy portability, and easy to expand or reconfigure has incaresed the adoption of modular cleanrooms among end users.
Pharmaceutical industry segment was the largest end user segment of the cleanroom technologies market.
Based on end user, the cleanroom technologies market is segmented into medical device manufacturers, hospitals, pharmaceutical industry, the biotechnology industry, and other end users. In 2022, pharmaceutical industry was the largest end user segment of the cleanroom technologies market. The manufacture of various pharmaceutical formulations across the globe and high adoption of cleanrooms during the development of pharamceuticals fuel the adoption of cleanroom technologies among this end user segment.
North America accounted for the largest share of the cleanroom technologies market
North America, followed by Europe, held the largest market share in 2022. North America accounted for the largest share of the cleanroom technologies market. This is due to the stringent regulatory standards for product approvals in the US and Canada. Also, a large number of major global players are based in the US, because of which the country is a center for innovation in the cleanroom technologies market.
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Cleanroom Technologies Market Dynamics:
Drivers:
- Stringent regulatory framework
Restraints:
- High operational costs associated with cleanrooms
Opportunities:
- Increasing demand for cleanrooms in developing economies
Challenges:
- Customization of cleanroom designs per requirements
Key Market Players:
Some of the prominent players operating in the cleanroom technologiesmarket include Kimberly-Clark Corporation (US), Illinois Tool Works, Inc. (US), Taikisha Ltd. (Japan), Angstrom Technology (US), Octanorm-Vertriebs-GMBH (Germany), Camfil (Sweden), Azbil Corporation (Japan), Bouygues Group (France), Clean Air Technology, Inc.(US), Weiss Technik (Germany), Atlas Environments, Ltd. (UK) Exyte AG (Germany), Terra Universal, Inc. (US).
Recent Developments:
- In 2023, ABN Cleanroom Technology launched the first ready-to-use low dewpoint cleanroom solution in Europe.
- In 2022, Bouygues Energies & Services, a subsidiary of Bouygues Construction, has successfully installed a cutting-edge manufacturing cleanroom facility to Novanta (US) in Taunton.
- In 2022, ABN Cleanroom Technology launched the first off-the shelf cleanroom solution, INTEGRA that can reach cleanliness classifications up to ISO Class 4 and cGMP grade B.
- In 2022, Clean Rooms International launched Flow-Thru Light Troffer suitable for Class 10 – Class 100,000 environments for for cleanroom, pharmaceutical, laboratory, hospital, and other environments.
- In 2021, Exyte Group and Wynnchurch Capital reached an agreement for the acquisition of the Critical Process Systems Group (CPS) by Exyte. CPS is a group of manufacturing and design companies with USD 150 million in annual sales in 2020. The acquisition will allow the company to further enhance its services to existing and new customers in semiconductor, biopharma, and life sciences businesses.
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Cleanroom Technologies Market Advantages:
- Contamination control: Cleanroom technologies provide highly controlled environments that effectively prevent the ingress of contaminants such as dust, microbes, and particles. This is crucial in industries like pharmaceuticals, biotechnology, and electronics manufacturing, where even minor impurities can lead to product defects or compromised safety.
- Product quality and reliability: By maintaining stringent cleanliness standards, cleanroom technologies ensure consistent and superior product quality, reducing the risk of defects and costly recalls. This is especially important in critical applications like medical devices, aerospace components, and semiconductors.
- Regulatory compliance: Many industries are subject to strict regulatory requirements concerning cleanliness and contamination control. Cleanroom technologies facilitate compliance with these regulations, helping businesses avoid penalties and maintain a positive reputation in the market.
- Enhanced safety for workers and consumers: Cleanrooms protect both workers and end-users from exposure to hazardous substances, pathogens, and contaminants. This creates a safer working environment and boosts consumer confidence in the safety and reliability of the products.
- Increased productivity and efficiency: The precise control of cleanroom environments reduces the occurrence of errors and unplanned interruptions during the manufacturing process. This leads to higher productivity, lower rework rates, and optimized operational efficiency.
- Advanced research and development: In research laboratories and facilities, cleanroom technologies enable scientists and researchers to work with sensitive materials and conduct experiments with high accuracy, reproducibility, and reliability.
- Facilitation of emerging technologies: Cleanrooms play a critical role in the development and production of cutting-edge technologies such as nanotechnology, microelectronics, and biopharmaceuticals, where the smallest contaminants can significantly impact results.
- Customizability and scalability: Cleanroom technologies offer flexibility in design and can be tailored to suit specific industry needs and applications. Additionally, they can be easily expanded or modified to accommodate growing demands and changing requirements.
- International market access: Compliance with cleanroom standards enhances a company’s international competitiveness by facilitating access to global markets, where high-quality and contamination-free products are increasingly in demand.
- Environmental sustainability: With the rising focus on sustainability, cleanroom technologies are evolving to incorporate eco-friendly practices, such as energy-efficient systems and the use of environmentally friendly materials, further aligning the industry with responsible environmental practices.
Overall, the advantages of cleanroom technologies make them indispensable for industries seeking to maintain high product quality, safety, and efficiency while adhering to stringent regulatory and environmental standards.
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
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Blockchain Press Releases
Surprises Guaranteed: Bybit Card Dishes Out Rewards in Holiday Giveaway
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
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.
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#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
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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