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Isostatic Pressing Market worth $9.9 Billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Aug. 15, 2024 /PRNewswire/ — The global Isostatic Pressing Market is expected to be valued at USD 7.6 Billion in 2024 and is projected to reach USD 9.9 Billion by 2029 and grow at a CAGR of 5.4% from 2024 to 2029 according to a new report by MarketsandMarkets™. The Isostatic Pressing Market is expected to reach USD 9.9 billion by 2029 from USD 7.6 billion in 2024, at a CAGR of 5.4% during 2024–2029. The significant growth factor associated with the isostatic pressing market is Increased deployment of HIP systems to densify 3D-printed parts, Capability of HIP systems to reduce product maintenance costs and cycle time, Increasing emphasis on integrating HIP with other heat-treatment processes, Increased technological advancement in Cold Isostatic Pressing (CIP), enhancements in automation and real-time process monitoring boost the efficiency and uniformity of isostatic pressing, making it a more viable option for large-scale production, and increasing requirement for high-density, long-lifecycle materials by various industries, such as aerospace, automotive, and medical, all help to drive market growth.

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Browse in-depth TOC on “Isostatic Pressing Market” 

200 – Tables
67 – Figures
235 – Pages

Isostatic Pressing Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 7.6 Million

Estimated Value by 2029

$ 9.9 Billion

Growth Rate

Poised to grow at a CAGR of 5.4%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By valve type, material, size, pressure range, implementation, application, end-user industry, and region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Complex Setup and Operation in Isostatic Pressing

Key Market Opportunities

Growing usage of HIP in the aerospace industry

Key Market Drivers

Increasing emphasis on integrating HIP with other heat-treatment processes

 

The hot isostatic pressing (HIP) segment is to grow with a higher CAGR during the forecast period.

HIP systems combine the standard HIP cycles with various heat treatment processes. Such systems have very wide applications in powder metallurgy operations across the world, since they increase productivity and process efficiency. HIP-based processes play an important role in the manufacture of complex parts such as spheres, valves, pipes, and rods for various industries. It is demand from the aerospace, defense, medical, and automotive industries driving the growth in hot isostatic pressing, a process that increases mechanical properties and reliability. This is fueled even further by its integration with additive manufacturing, taking use of HIP’s ability to reduce porosity and increase density.

Service segment is to grow at the highest growth rate during the forecast period.

The services of HIP and CIP includes casting densification, HIP/CIP cladding, HIP brazing, production of powder metalluargy, molding, powder compacting, bonding and diffusion. The growth of the services segment can be attributed to the increasing requirement for high-density, long-lifecycle materials by various industries, such as aerospace, automotive, and medical. Moreover, the increasing focus of raw material providers/manufacturing firms on building their reputation for consistent and flawless material characteristics will drive the demand for isostatic pressing services. Companies such as Bodycote, MTC Powder Solutions provide all these isostatic pressing services.

Dry bag pressing segment contributed highest market share in 2023.

The cold isostatic pressing market is segmented into two segments based on process type: wet bag (for creating flexible systems) and dry bag (for mass production). The dry bag pressing segment dominated the cold isostatic pressing market in 2023, owing to the availability of fully automated dry bag systems with computerised controls and user-friendly software. It is a faster isostatic processing method for component production than wet bag pressing. Also, the dry bag CIP process is more efficient and economical than the wet bag CIP process, as dry bag CIP is used for simple and small-volume part densification.

Precision machine manufacturing industry holds the largest market share during the forecast period.

The market is segmented into various industries including automotive, aerospace, medical, energy & power, electronics & semiconductor, precision machine manufacturing, research & development, other industries. Precision machine manufacturing industry holds the largest market share during the forecast period. The HIP is used in precision machine manufacturing to manufacture a range of products, such as aluminum castings for machinery and heavy equipment. The market for the precision machine manufacturing segment is anticipated to witness significant growth during the forecast period, owing to the widening application scope of isostatic pressing systems in food & beverage, oil & gas, and steel manufacturing processes. Besides, technological advancements in the manufacturing industry are expected to propel the segment’s growth. Energy & power is likely to be the second largest segment during the forecast period.

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North America accounted for the largest share of the isostatic pressing market in 2023.

North America consists of –the US, Canada, and Mexico. North America is one of the leading producers of powder metallurgy (PM) products globally. The region accounts for a large share of the isostatic pressing industry due to the increasing demand for HIP-processed products in various industries, and strong presence of key industries like precision manufacturing, aerospace, defense, medical, automotive. A few isostatic pressing system manufacturers have implemented highly capable isostatic pressing units at research facilities in North America to densify industrial components and eliminate internal porosity. For example, Bodycote IMT, Inc. (US) is a premier isostatic pressing system and service provider in the region.

Key Players

The report profiles Isostatic Pressing Companies players such KOBE STEEL, LTD. (Japan), Bodycote (UK), Kennametal, Inc. (US), Nikkiso., Ltd. (Japan), DORST Technologies GmbH & Co. KG (Germany), American Isostatic Presses, Inc (US), EPSI (US), and others.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports & Consulting

Related Reports: 

3D Printing Market Size by Offering (Printer, Material, Software, Services), Technology (Fused Deposition Modelling, Stereolithography), Process (Powder Bed Fusion, Material Extrusion, Binder Jetting), Application, Vertical & Region – Global Forecast to 2029

Industrial 3D Printing Market by Offering (Printers, Materials, Software, Services), Application, Process, Technology, Industry (Aerospace & Defense, Automotive) and Geography

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Huawei Cloud in France: Building an AI-Native Cloud to Amplify Intelligence on the Tech Stage

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PARIS, Nov. 14, 2024 /PRNewswire/ — HUAWEI CONNECT 2024 PARIS commenced today, featuring the first Huawei Cloud Summit France. Huawei Cloud is building an AI-native cloud through systematic innovation and service reshaping. Moving forward, Huawei Cloud will continue to drive innovation in both the “AI for Cloud” and “Cloud for AI” directions, accelerating the intelligent transformation across industries in France.

Jacqueline Shi, President of Huawei Cloud Global Marketing and Sales Service, delivered a welcome speech in her digital presence built using Huawei Cloud MetaStudio. She stated, “Innovation is the heart of our success, our competitiveness, and our growth. That’s why we invest heavily in R&D to bring you the most secure and reliable cloud services possible, including cloud native, AI, and big data. In Europe, Huawei Cloud has collaborated with over 500 local partners to deliver a wide range of industry-specific solutions and proven expertise, enabling European businesses to expedite their cloud adoption, leverage global resources, and achieve leapfrog growth.”

In his keynote speech, William Dong, President of Huawei Cloud Marketing, highlighted the importance of AI in building economic moats. To this end, Huawei Cloud launches Pangu models to enable intelligent upgrades across industries, with over 400 use cases in 30 industries now benefiting from Huawei Cloud’s AI-native cloud infrastructure that extends cutting-edge technologies and premium experiences to European customers. On the tech stage, Huawei Cloud is set to amplify intelligence.

Huawei Cloud’s AI-native strategy has been a cornerstone of the company’s innovation. This strategy is twofold: AI for Cloud and Cloud for AI, marking significant advancements in Huawei Cloud’s capabilities. “AI for Cloud” means integrating Pangu models with cloud services for product R&D, data governance, security, and O&M to make them more intelligent and efficient.

With full-stack systemic innovations, “Cloud for AI” covers data centers, cloud platform architectures, and infrastructure services, enabling efficient and high-performance data preparation, training, inference, and application of foundation models. The distributed cloud database GaussDB features high performance, high intelligence, and easy migration. Huawei Cloud Stack 8.5 provides more than 120 locally deployed cloud services and 50 industry-specific solutions, building the optimal hybrid cloud for intelligent transformation.

At this summit, Huawei Cloud officially released the Flexus cloud services for small- and medium-sized enterprises (SMEs) in France. Flexus feature flexible specifications, AI-driven high speed, 6x burst speed, compute hot upgrade, and ultimate experience.

Presently, Huawei Cloud has more than 500 customers, partners, and developers in France. Song Wanying, President of Huawei Cloud France, shared insights on fostering business growth through cloud innovation and introduced new media & entertainment, e-commerce, and retail solutions for the French market, furthering intelligent initiatives.

Huawei Cloud has upgraded media services in a 3E approach: efficiency, experience, and evolution. For instance, AIGC for virtual humans can significantly reduce the time required for short video production from days to mere minutes. In terms of experience, Huawei Cloud leverages its self-developed RTP protocol to minimize latency to 500 ms and reduce frame freezing to 10%. For business model evolution, Huawei Cloud offers virtual human technology to facilitate efficient video production, leading to new business opportunities and growth.

In retail and e-commerce, Huawei Cloud has developed the B.R.A.N.D. model to assist retailers in driving innovation and growth. Through professional services, deterministic operations, security, reliability, and 16 sub-scenario solutions, B.R.A.N.D. enables retailers to build agile, efficient, and secure business systems.

In terms of ecosystem expansion, Huawei Cloud has partnered with Station F, the world’s largest startup incubator, to launch a sustainability-themed incubation program. This program aims to provide comprehensive support for startups, including cloud resources, investment opportunities, and dedicated office spaces. Additionally, Huawei Cloud and 20 ecosystem partners have unveiled the Industry Partner Innovation Program at the summit.

This two-day event features a packed agenda, including the partner forum and the Cloud Native Elite Club (CNEC) roundtable. At this year’s HUAWEI CONNECT Europe, CNEC returned to Europe and invited its first members to join this technical community built for European technology pioneers.

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ALBERT GAHFI, NEWCO CAPITAL GROUP CEO, NOMINATED FOR THE U.S. FINTECH AWARDS’ INNOVATOR OF THE YEAR

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NEW YORK, Nov. 14, 2024 /PRNewswire/ — NewCo Capital Group is proud to announce that Albert Gahfi, CEO of NewCo Capital Group and Co-Founder and Director of Bizcap, has been nominated for the prestigious Innovator of the Year Award by the U.S. FinTech Awards. This recognition highlights Albert’s groundbreaking contributions to the FinTech sector and his dedication to founding companies that empower small businesses with forward-thinking capital solutions.

We are focused on what’s next—continuing to build the tools and services that will drive the future of FinTech

As a proven enterprise-building founder and CEO, Albert co-founded Kings Cash Group and oversaw its merger with a large FinTech consortium that included an SEC-registered fund. As the Co-Founder and CEO of NewCo Capital Group, Capytal.com, and NewCo Canada, as well as the co-founder of Melbourne-based BizCap, Albert’s global expansion strategy has led to the opening of offices in New Zealand, the United Kingdom, and a recently announced strategic initiative in Asia via Singapore.

The nomination for Innovator of the Year underscores NewCo’s commitment to reshaping how small-to-medium businesses and enterprise companies access financing. Since its founding, NewCo has remained at the forefront of Specialty Finance within the FinTech sector, continually creating custom capital solutions that leverage advanced technology, nuanced underwriting, and a deep understanding of client needs.

Bruce Gurvitsch, Chief Revenue Officer for NewCo Capital Group and Capytal.com, commended the nomination, stating, “Albert’s nomination for Innovator of the Year reflects his unwavering pursuit of excellence—a drive that defines our mission at NewCo. We’re committed to pushing the boundaries of what’s possible in FinTech, ensuring that SMBs have access to the capital they need for growth, job creation, and long-term success.”

NewCo and its affiliate companies have transformed traditional financing models, making it easier, faster, and more efficient for businesses to secure funding. With over $1.8 billion deployed across 40,000+ businesses globally, NewCo continues to lead the charge in specialized financing and working capital.

Reflecting on the nomination, Gahfi remarked, ‘This recognition from the U.S. FinTech Awards validates our efforts and inspires us to continue delivering the most innovative solutions to the market.’ He emphasized NewCo’s long-term vision, adding, ‘We are focused on what’s next—continuing to build the tools and services that will drive the future of FinTech. Our mission has always been to empower small businesses globally.’

For more information about NewCo Capital Group, visit www.NewCoCapitalGroup.com or email Info@NewCoCapitalGroup.com.

About NewCo Capital Group & Capytal.com

Founded in 2020, NewCo Capital Group and its affiliate companies empower SMBs globally with fast, accessible financing and funding. The companies have successfully deployed $1.8 billion to over 40,000 SMBs while maintaining a 4.9/5 Trustpilot rating.

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SOURCE NewCo Capital Group

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Enrollsy Unveils Brand Refresh and New Website to Enhance Enrollment Experience for Schools, Camps, Nonprofits, and More

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LEHI, Utah, Nov. 14, 2024 /PRNewswire/ — Enrollsy, the platform dedicated to making enrollment simple and accessible for organizations of all sizes, is thrilled to announce its brand refresh and launch of a new website at www.enrollsy.com. With a renewed focus on simplifying enrollment processes and delivering unparalleled support, Enrollsy’s brand refresh reinforces its commitment to empowering non-technical professionals with a seamless, user-friendly experience.

Enrollsy is online enrollment software made easy.

The name “Enrollsy” reflects the platform’s mission: combining “enroll” and “easy” to describe a solution that effortlessly manages the enrollment process—from sign-up to payments and communications—without requiring technical expertise or IT support. Enrollsy’s customizable platform is designed to solve enrollment challenges and make life easier for administrators everywhere.

Empowering Purpose, Mission, Vision, and Values

Driven by a purpose to create an exceptional experience from the first interaction to ongoing support, Enrollsy ensures every aspect of its service is tailored to customer needs. Enrollsy’s mission—to provide an amazing enrollment experience to 10 million people in a single year—drives the platform to innovate, simplify, and perfect enrollment solutions for organizations managing data, payments, and communications.

Enrollsy envisions a world where education, enrichment, and connection drive better outcomes, helping organizations fulfill their missions. As a trusted partner, Enrollsy shares its values with customers by prioritizing consistency, honoring commitments, and maintaining clear, actionable communication.

Unmatched Customer Experiences

Enrollsy’s brand refresh also highlights its commitment to delivering value through real-life customer success stories. Elizabeth Fizer, owner of Fizer Fine Art, shares, “Enrollsy transformed our registration process from an absolute nightmare to easily manageable. Their unmatched customer service and ability to tailor the software to meet our specific needs allowed us to offer flexible schedules and simplified invoicing—enabling me to focus on my family during a busy registration period. Parents found it easy and intuitive, which only enhanced our customer experience.”

Similarly, Matthew Vinson from Common Ground on the Hill, a nonprofit, noted, “Enrollsy exceeded our expectations by listening to our unique needs and creating a system that integrates with our existing applications seamlessly. They understood our operations and provided features we needed, making the registration process efficient and stress-free.”

Visit the New Enrollsy Website

Enrollsy’s reimagined website offers a refreshed look at how the platform simplifies enrollment, billing, and communication for education, enrichment, and nonprofit organizations across the U.S., Australia, and Canada. Visitors are invited to explore www.enrollsy.com to discover how Enrollsy’s solutions are transforming the enrollment experience and simplifying administrative processes.

About Enrollsy Enrollsy provides a complete, easy-to-use solution for managing enrollments, payments, and participant communications. Designed for non-technical professionals, Enrollsy’s mission is to simplify enrollment for organizations while delivering unmatched support and flexibility. Visit www.enrollsy.com to learn more about how Enrollsy is shaping the future of enrollment.

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SOURCE Enrollsy, Inc.

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