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No progress on water security in most countries assessed while complacency about crisis persists, finds BSI study

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HERNDON, Va., Oct. 3, 2024 /PRNewswire/ — The US has been rated as facing the highest level of water security challenge alongside relatively limited progress towards solutions in new analysis published by BSI and Waterwise. No improvement was found in the water security of 31 countries in the last year in the 2024 Water Security and Solutions Indicator, with the US scoring 53 out of 85, followed by China at 50 and India at 52. The study combines publicly available data with international polling of 9,300 people, finding a concerning disconnect between the reality of the challenge, public understanding of its severity, and the action required to turn things around.

Although 60% of respondents recognize water security as an important global issue, and three quarters specifically cite drought in their country as an issue, under half (45%) said addressing water security was as important as addressing climate change. Only 15% globally say they see water security discussed regularly by politicians or media, despite the fact that annual water use rose by around 3,500 billion m3 globally between 1900 and 2024 and will worsen with climate change. This equates to adding 895m3 of water demand each second or an Olympic sized swimming pool (2500m3) every 2.79 seconds.

Global water demand is projected to grow by around 1%, or 400 billion m3, per annum. On this basis, new calculations show the world could add 1268 m3 of water demand per second, equating to one Olympic sized swimming pool every two seconds.

The polling data suggests gaps between the reality of the global water security challenge and public comprehension of its scale – 74% were confident in their country’s freshwater supply, but this included 85% in India, 82% in Australia, and 73% in the US.

Of the 41 countries assessed for the water security challenge, the greatest increase in score was Spain, which went up by five points. 13 received higher scores representing greater water insecurity in 2024 – including Türkiye, Japan, the Netherlands and Belgium. Decreases, indicating water security improvements, were only seen in nine countries, including Sweden, Switzerland and Norway.

Positively, more than half of people (53%) believe individuals should take steps to reduce wastage. 73% globally support water use labels on products, reflecting a strong desire for actionable solutions. Similarly, 68% would be willing to spend more on brands acting on water efficiency and two thirds (67%) would purchase items using less water intensive materials even at greater cost.

Susan Taylor Martin, Chief Executive, BSI said: “While we are seeing pockets of progress towards a water secure world, there is more to do to promote understanding and positive change. This begins with awareness and recognition of the scale of the challenge, and how it fits into broader conversations about climate change and sustainability, from there our politicians and leaders can pave the way for action.

“While there is no single solution, we can and should take action today — from implementing water efficiency labelling to improving consumer choices, to advancing wastewater management in pharmaceutical development. There is much we can achieve collectively. At BSI, we believe individuals and organizations can come together to drive progress toward a sustainable future, where the supply of fresh water meets growing demands.”

Nicci Russell, CEO, Waterwise said: “Progress is frustratingly slow in most of the world and in other parts, the challenges posed by water security are actually growing. What is crystal clear from the research is that a key part of the solution is making sure that we use the water that we do have wisely in our homes and workplaces.”

Globally, Britons (21%) and the Japanese (15%) were least confident in their understanding of their country’s level of water security, potentially indicating the impact of insufficient political and media focus. Additionally, a quarter globally lacked confidence in their country’s infrastructure for ensuring water security, with the lowest confidence levels reported in the UK (32%) and Japan (44%).

BSI sets out tangible areas for action, including calling on media, policymakers and businesses to shape the conversation and raise awareness by incorporating water security into climate discussions. Additionally, BSI is urging consumers to be supported to make sustainable choices, for example via mandatory water efficiency labels, to boost consumer awareness and market innovation.

Explore the data on BSI’s dedicated dashboard.

CONTACT: Jennifer Lipman, jennifer.lipman@bsigroup.com

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SOURCE BSI

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UTGL, a Pioneer Global Fintech Trust Company, Announces Expansion of Bitcoin Holdings in Company Treasury

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HONG KONG, Jan. 14, 2025 /PRNewswire/ — We are proud to announce the strategic expansion of our Bitcoin holdings in the company treasury. This bold move underscores our belief in Bitcoin as a transformative financial asset and a cornerstone of long-term financial resilience. Since initiating our Bitcoin investment journey in 2021, we have shared the same vision of market leader MicroStrategy, recognizing Bitcoin as a secure and strategic store of value for the future. Building on our established track record of success, we continue to demonstrate robust growth and are steadfast in our commitment to advancing and broadening our fintech solutions.

Strengthening Trust with Cutting-Edge Fintech Solutions

UTGL is strengthened by its ability to deliver secure and seamless global Fintech trust solutions:

Privacy and Safety, driven by robust legal frameworks, as core trust functionalities for ultimate client security.Ultra-low slippage Digital Assets trading, enabled by aggregated liquidity from OTC leaders like Galaxy, Cumberland, and B2C2.Worldwide bill payment support, providing frictionless management of global financial obligations.Tax efficiency through offshore trust structures, enhancing wealth protection and confidentiality.Providing access to yield enhancement products through collaborations with industry leaders such as BlackRock for U.S. Treasury investments and JP Morgan Asset Management.Frictionless access to global equities and markets, integrated seamlessly through UTGL’s partnerships with leading brokerage platforms, including Interactive Brokers.

A Vision of Growth and Innovation

From a small team to a powerhouse of over 200 experts, UTGL continues to redefine trust and fintech solutions. This expansion of Bitcoin holdings reflects our commitment to empowering clients with forward-thinking, secure, and resilient financial strategies.

Looking Ahead

With Bitcoin as a cornerstone of its treasury strategy, UTGL remains committed to combining privacy, safety, resilience, and financial freedom to shape the future of trust and technology for clients worldwide. Guided by our ethos of “Living Without Banking,” we are building innovative financial solutions that enable a new era of independence and opportunity.

About UTGL : https://linktr.ee/utgl

Contact US : info@utgl.net

website : www.utgl.net

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SOURCE UTGL

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Rockpoint Legal Funding Highlights TrialBase’s Deposition Services as a Game-Changer for Legal Professionals

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Two Industry Innovators Join Forces to Simplify Trial and Discovery Management for the Legal Community

LOS ANGELES, Jan. 13, 2025 /PRNewswire/ — Rockpoint Legal Funding is excited to introduce their integration with TrialBase (TrialBase.com), a leader in certified deposition services and legal reporting solutions, as a valuable resource for legal professionals. Attorneys can now instantly apply for litigation funding from Rockpoint directly within Trialbase in order to cover deposition costs on their cases.

TrialBase’s cutting-edge deposition management services are uniquely positioned to enhance the efficiency of legal teams, while Rockpoint Legal Funding continues to provide trusted non-recourse funding solutions that empower attorneys to focus on winning cases.

Why TrialBase is an Ideal Resource for Legal Professionals:

Legal professionals often face complex challenges, from managing intricate discovery processes to ensuring financial stability for their clients. Together, TrialBase and Rockpoint Legal Funding can address these issues through:

1.    Streamlined Deposition Services:
TrialBase offers certified deposition management solutions through an integrated platform, helping legal teams save time and enhance case preparation.

2.    Financial Stability for Clients:
Attorneys can use Rockpoint’s litigation funding to cover deposition costs and to reduce financial stress – allowing attorneys to focus on their case strategies without unnecessary delays.

3.    Secure Digital Workflow:
Both companies leverage secure, user-friendly platforms, enabling seamless, efficient support for legal professionals.

Media Contact
Jonathan Urritia
Marketing Manager
Jonathan@rockpointlegal.com
(424) 377-7238

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SOURCE Rockpoint Legal Funding

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Industrial Miniature Circuit Breaker Market in North America to Grow by USD 145.3 Million from 2024-2028, Driven by Industrial Demand and AI-Driven Market Trends – Technavio

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NEW YORK, Jan. 13, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The industrial miniature circuit breaker market in north america size is estimated to grow by USD 145.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.36% during the forecast period. high demand for MCBS from industries is driving market growth, with a trend towards growing new product developments related to MCBS. However, stringent regulatory compliance poses a challenge. Key market players include ABB Ltd., Carlo Gavazzi Holding AG, Eaton Corp. Plc, ETA Elektrotechnische Apparate GmbH, LOVATO Electric Spa, LS ELECTRIC Co. Ltd., NOARK Electric, Reunert Ltd., Schneider Electric SE, Siemens AG, and WEG S.A.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Industrial Miniature Circuit Breaker Market In North America Scope

Report Coverage

Details

Base year

2023

Historic period

2017 – 2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.36%

Market growth 2024-2028

USD 145.3 million

Market structure

Concentrated

YoY growth 2022-2023 (%)

4.11

Regional analysis

North America

Performing market contribution

North America at 100%

Key countries

US and Canada

Key companies profiled

ABB Ltd., Carlo Gavazzi Holding AG, Eaton Corp. Plc, ETA Elektrotechnische Apparate GmbH, LOVATO Electric Spa, LS ELECTRIC Co. Ltd., NOARK Electric, Reunert Ltd., Schneider Electric SE, Siemens AG, and WEG S.A

Market Driver

The industrial Mini-Circuit Breaker (MCB) market in North America is witnessing significant growth due to the emerging trend of new product developments. ABB, a leading technology corporation, recently introduced its new industrial MCB, the S300 P, which enhances security, functionality, installation efficiency, and information accessibility. Siemens also launched two new versions of its Sentron 3WA Power Circuit Breakers, compliant with UL 1066 and IEC 60947-2 standards, catering to the global market. Schneider Electric introduced the EvoPacT medium voltage circuit breaker to the Canadian market, offering benefits such as real-time monitoring, longer lifetime, innovative design, and built-in sustainability. These new product developments provide advanced features and enhanced performance, addressing the increasing demand for efficient, intelligent, and reliable circuit protection solutions. 

The Miniature Circuit Breaker (MCB) market is experiencing a prevalence in various industrial domains, including automotive, power, oil and gas, chemicals, and diverse industries. The standardization and high-quality manufacturing of miniature circuits ensure safety and efficiency in circuit protection. The expanding footprint of MCBs in industries is driven by the need for energy-efficient products and the regulatory environment. Major market players, such as Rockwell Automation, ABB, Mitsubishi Electric Corporation, Eaton Corporation, Legrand, Hager Group, and WEG, are leading the trend with technological advancements in thermalmagnetic MCBs, semiconductors, and smart monitoring systems. The market is segmented into electric equipment, data centers, power transmission, renewable energy applications, building, home automation, IoT, and smart grid operation. Geographical expansion is also a significant factor in the market’s growth, with major players increasing their presence in urbanizing areas. Vendor selection is crucial for businesses to ensure the best fit for their specific needs. Market research reports provide valuable insights into the latest trends and vendor offerings. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

Industrial Miniature Circuit Breakers (MCBs) are essential components in electrical power distribution systems, protecting against overloads and short circuits. The International Electrotechnical Commission (IEC) sets the standards for MCB manufacturing, with IEC 60898-1 and IEC 60947-2 being relevant for industrial applications. IEC 60947-2 governs circuit breakers for industrial power distribution up to 1000 volts AC and 1500 volts DC, with rated currents from 0.5 to 6300A. IEC 60898-1 sets the highest rated current at 125A and the lowest at a few amperes, with a maximum short-circuit capacity of 25kA. Compliance with these standards is mandatory for IEC certification. Non-compliance may result in product recalls, posing challenges for manufacturers and potentially hindering market growth during the forecast period.The Industrial Miniature Circuit Breaker (MCB) market is experiencing significant growth due to increasing demand for home automation, IoT, and smart monitoring systems in various applications. Geographical expansion, especially in urban areas, is also driving market growth. Major players like ABB, Mitsubishi Electric Corporation, Eaton Corporation, Legrand, Hager Group, WEG, and Powell Industries are leading the market. Regulatory environment, e-commerce, and digitalization are shaping the market trends. Technological advancements such as fault tolerance, energy efficiency, and sustainability are key factors. Novel materials and smart technologies like IoT integration and predictive maintenance are also influencing the market. The LVSG sector is expected to witness growth in residential and commercial applications, including solar panel installations, commercial buildings, office buildings, retail spaces, hospitals, and more. Frost and Sullivan forecasts continued growth in the MCB market due to these trends and technological innovations.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview

This industrial miniature circuit breaker market in North America report extensively covers market segmentation by

Type 1.1 UL 4891.2 UL 1077Geography 2.1 North America

1.1 UL 489- The Industrial Miniature Circuit Breaker market is experiencing steady growth due to increasing demand for reliable power protection solutions in various industries. These circuit breakers offer efficient power management, enhanced safety features, and compact designs, making them a preferred choice for businesses seeking to minimize downtime and improve operational efficiency. Key players in this market include Siemens, Schneider Electric, and ABB, who continue to innovate and expand their product offerings to meet evolving customer needs.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Industrial Miniature Circuit Breaker (MCB) market is witnessing a prevalence in various industrial domains due to the increasing demand for standardized, high-quality, and miniature circuit protection solutions. These compact components offer enhanced safety and efficiency in power transmission, automotive, data centers, and other applications. The expanding footprint of MCBs in industrial sectors is driven by the need for energy-efficient products and the technical advancement of smart grids and power distribution systems. Market research reports indicate a growing trend towards the adoption of MCBs in various industries, providing opportunities for manufacturers to showcase their offerings. Vendor selection is crucial for businesses seeking reliable and efficient circuit protection solutions, making it essential to consider factors such as product quality, technical expertise, and customer support when choosing a supplier.

Market Research Overview

The Industrial Miniature Circuit Breaker (MCB) market is witnessing a prevalence and expanding footprint in diverse industries due to the increasing demand for standardized, high-quality circuit protection solutions. Miniature circuits are gaining popularity in automotive applications for ensuring safety and efficiency. The market is segmented into various industries such as power, oil and gas, chemicals, and electric equipment. Technical advancements in thermalmagnetic miniature circuits, semiconductors, and energy-efficient products are driving growth. Major market drivers include the regulatory environment, urbanization, digitalization, and e-commerce. Novel materials and IoT integration are also contributing to the expansion of the LVSG sector. Prominent vendors include Rockwell Automation, Mitsubishi Electric Corporation, Eaton Corporation, Legrand, Hager Group, WEG, and Powell Industries. Applications include data centers, power transmission, renewable energy applications, building automation, home automation, smart monitoring systems, and smart grid operation. Geographical expansion and technological advancements are also key factors fueling growth. Market research reports provide valuable insights into vendor selection and predictive maintenance. Major market players such as ABB and Schneider Electric are also investing in fault tolerance and sustainability to cater to residential and commercial applications, solar panel installations, and commercial buildings, including office buildings, retail spaces, hospitals, and energy efficiency.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeUL 489UL 1077GeographyNorth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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