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Global Wind-Assisted Propulsion Industry Research Report 2023: Riding the Wave of Innovations – The Sustainable Future of Global Logistics

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DUBLIN, Feb. 13, 2024 /PRNewswire/ — The “Wind-Assisted Propulsion Market – A Global and Regional Analysis: Focus on Application, Technology, Installation Type, Vessel Type, and Region – Analysis and Forecast, 2023-2032” report has been added to ResearchAndMarkets.com’s offering.

 

Discover the Latest Trends and Regional Growth in the Wind-Assisted Propulsion Industry

With the maritime industry seeking sustainable and efficient solutions to reduce greenhouse gas emissions, a new market research report has been added to our comprehensive collection, focusing on the wind-assisted propulsion market. This in-depth analysis encapsulates the market’s potential from 2023 to 2032, highlighting key insights on the applications, technologies, installation types, vessel types, and regional advancements shaping the market’s future.

Wind-assisted propulsion systems (WAPSs), a transformative element within the shipping industry, are at the forefront of harnessing wind energy to create a more sustainable maritime ecosystem. The report showcases the accelerating adoption of various innovative technologies like towing kites, sails, flettner rotors, and suction wings, and their impact on various vessel types including cargo and passenger ships.

Europe and Asia-Pacific Lead Market Adoption: The analysis indicates a strong market inclination within Europe and Asia-Pacific, attributed to significant strides in decarbonization efforts in these regions.Advancements in Sailing Technology: Innovations in sailing technology, from advanced wing sails to pioneering applications of flettner rotors, are spotlighted as key market developments.Major Industrial Collaborations: Strategic partnerships, as seen between BAR Technologies and Yara Marine Technologies, are catalyzing the market’s growth, striving for fuel-efficient wind-assisted solutions.

Despite the promise of wind-powered shipping, the report also addresses the challenges faced by the industry, such as the high initial costs and technical obstacles associated with the adoption of WAPSs. Additionally, the segmented analysis accentuates the retrofitting segment’s dominance in the market, alongside the increasing applicability in cargo ships and bulk carriers due to the urgent need for GHG emission reduction.

The research publication brings to light the industry’s growth drivers, such as the rise in sea trade and the escalating urgency to mitigate GHG emissions, underlining the strategic directions that key maritime players and stakeholders are taking to navigate these transformative times.

At the core of this market study is a comprehensive competitive analysis of key industry players who are sculpting the landscape of wind-assisted propulsion. This insightful resource mirrors the maritime industry’s collective effort to chart a course toward a more sustainable and environmentally friendly future.

As sea trade continues to be an indispensable component of global commerce, the exploration of wind-assisted propulsion reveals its role as an integral part of the shipping industry’s innovation-oriented trajectory, with robust potential for growth and expansion in the coming decade.

Market Segmentation

Wind-assisted propulsion is expected to have a high penetration in cargo ships, among other applications, over the forecast period 2023-2032, owing to the increased initiatives by the maritime industry related to decarbonization.Based on technology, the wind-assisted propulsion market is estimated to be led by the sails segment during the forecast period of 2023-2032.Based on installation type, the wind-assisted propulsion market was led by the retrofit segment in 2022.Based on vessel type, the wind-assisted propulsion market is estimated to be led by the wind-assisted motor vessels segment during the forecast period of 2023-2032.In the global wind-assisted propulsion market, Asia-Pacific and Japan and Europe are anticipated to gain traction in terms of wind-assisted propulsion production, owing to the increased need for decarbonization in the regions.

Company Profiles

Norsepowerbound4blueEco Marine Power Co. Ltd.EconowindAnemoi Marine Technologies Ltd.AirseasGT Green TechnologiesDNV GLMitsui O.S.K. LinesOCEANBIRDBecker Marine SystemsPropelwind S.A.S.NayamWings Ltd.Aloft Systems Inc.SkySails Marine

Industry Outlook

Trends: Current and Future

Technological Innovations in Shipping IndustryIncreasing Investment in Wind-Assisted Propulsion

Supply Chain Analysis

Ecosystem of Wind-Assisted Propulsion MarketConsortiums and AssociationsRegulatory/Certification BodiesGovernment ProgramsPrograms by Research Institutions and UniversitiesEconomic Impact of Wind-Assisted Propulsion

Business Drivers

Increasing Need for Reducing GHG EmissionsRise in Sea Trade

Business Challenges

High Installation Cost of Wind-Assisted Propulsion SystemsTechnical Challenges Resisting the Adoption of Wind-Assisted Propulsion

Business Strategies

Product and Market DevelopmentsCorporate StrategiesMergers and Acquisitions, Partnerships, and Joint Ventures

Business Opportunities

Increasing Preference for Environmental-Friendly Shipping ServicesOffsetting High Cost of Fossil and Green Fuels

Start-Up Landscape

Key Start-Ups in the Ecosystem

For more information about this report visit https://www.researchandmarkets.com/r/mhsf8y

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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The Hottest Dog Bronchial Health Supplement on Shopee in 2024

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SEOUL, South Korea, Nov. 10, 2024 /PRNewswire/ — As a dog owner, you may have often heard your furry friend coughing, whether it’s a dry hack or a honking sound. Though it might seem trivial, these coughs can cause serious discomfort for your furry friend and create anxiety for you as a caring pet parent.

DOCTORBY’s BREATH CARE is a nutritional supplement designed to support bronchial health in dogs, currently gaining attention among many pet owners on Shopee.

Coughing in dogs can be triggered by various factors, including temperature fluctuations, strong air conditioning, and dust or debris inhaled during walks. Additionally, as dogs age, their bronchial immunity can weaken, leading to potential health issues.

BREATH CARE contains a blend of functional ingredients like the plant-based complex extract TF-343, magnesium, and propolis, which can help alleviate respiratory issues such as coughing and support the elimination of waste accumulated in the bronchial passages.[1] With a taste dogs love, it doubles as a treat, making it incredibly easy for pet owners to administer. Furthermore, it has passed heavy metal and toxicity tests, ensuring safety without the use of synthetic sweeteners or colorings.

Currently, BREATH CARE ranks as one of the top products in Shopee’s pet nutrition and supplement category. In May 2024, it achieved the number one sales position in the pet nutrition category on Shopee Singapore, garnering immense popularity. Shopee has reported a staggering 3,000% growth in sales compared to 2023. Notably, DOCTORBY has not only topped the charts on Shopee but has also held the number one position on Amazon Japan for 22 consecutive weeks, establishing itself as a leader in the South Korean pet nutrition market and rapidly expanding in the global market.

For cat owners, the cat-specific bronchial supplement, CAT BREATH CARE, is also enjoying tremendous popularity. Additionally, DOCTORBY offers a variety of health supplements, including ‘SKIN & COAT’ for skin support, ‘EYES CARE’ for eye health and tear stain improvement, and ‘HAIRBALL CARE’ to assist with hairball elimination in cats. In Singapore, DOCTORBY products are exclusively available on Shopee.

Enjoy fast delivery via Shopee’s reliable fulfillment services, with most orders arriving within 2 to 3 days for a satisfying shopping experience. Shopee also hosts monthly promotional events, such as Double Day and Pay Day, offering a range of exciting deals. Moreover, a special Mega Day event is planned for November 11, promising additional benefits for shoppers.

[1] Korean J. Food Sci. Technol. Vol.35, no.5, pp980-987 (2003)

 

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SOURCE DOCTORBY

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LG Display Succeeds in Developing World’s First Stretchable Display that Expands by 50 Percent

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SEOUL, South Korea , Nov. 9, 2024 /PRNewswire/ — LG Display, the world’s leading innovator of display technologies, announced today its unveiling of the world’s first Stretchable display capable of expanding up to 50%, the highest rate of elongation in the industry. At LG Science Park in Seoul on Nov. 8, the company demonstrated the panel at a meeting of more than 100 South Korean industry, academia, and research stakeholders involved in a Stretchable display national project.

Stretchable displays are seen as the ultimate free-form screen technology because they can be freely transformed into any shape, including by stretching, folding, and twisting.

The new prototype features a 12-inch screen that stretches up to 18 inches, while simultaneously delivering a high resolution of 100ppi (pixels per inch) and full red, green, and blue (RGB) color.

Compared to the first Stretchable display prototype unveiled in 2022, the new panel’s maximum elongation rate has more than doubled from 20% to 50%. This enhanced stretchability enables various display design possibilities, raising the technology’s potential competitiveness when commercialized.

By applying a number of new technologies, such as improving the properties of a special silicon material substrate used in contact lenses and developing a new wiring design structure, LG Display improved the panel’s stretchability and flexibility, exceeding the original national project’s target of 20% elongation.

In addition, by using a micro-LED light source of up to 40μm (micrometers), the new prototype’s strengthened durability means it can be repeatedly stretched over 10,000 times, maintaining clear image quality even in extreme environments such as exposure to low or high temperatures and external shocks.

Stretchable displays are not only thin and lightweight but also capable of adhering to irregularly curved surfaces like clothing and skin. They are expected to be widely applied in various industries, from fashion and wearables to mobility.

The company showcased numerous concepts for the application of Stretchable displays, including an automotive panel that stretches out into a convex shape and can be operated by hand as well as a wearable display attached to firefighters’ uniforms that provides real-time information.

LG Display was selected as the lead company for the national project to develop Stretchable displays in 2020 and since then has been conducting joint R&D with 19 domestic industry and research institutes. It is one of the major tasks of a wider project to develop core technologies for next-generation displays promoted by South Korea’s Ministry of Trade, Industry and Energy (MOTIE) along with the Korea Planning & Evaluation Institute of Industrial Technology.

By successfully completing the project, LG Display has not only secured core technologies that can lead the next-generation display market but also contributed to localizing materials, components, and equipment as well as building an R&D infrastructure.

“We will continue to build a sustainable future display ecosystem through close cooperation between South Korean industry, academia, and research stakeholders,” said Soo-young Yoon, CTO and Executive Vice President of LG Display.

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:
Joo Yeon Jennifer Ha, Manager, Communication Team
Email: hjy05@lgdisplay.com 

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SOURCE LG Display

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Stay Better in China: Tell the Beautiful China to the World

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NANCHANG, China, Nov. 9, 2024 /PRNewswire/ — A report from Jiangxi International Communication Center (JXICC): Komurcu Busra, an international student from Nanchang University, talks about her life in China. She felt the simplicity of Chinese countryside and pure beauty of nature here. She wants to tell the beautiful China to the world.

https://www.youtube.com/watch?v=vQGbRJc4ncc

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SOURCE Jiangxi International Communication Center(JXICC)

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