CHICAGO, Oct. 25, 2024 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today announced its Board of Directors has declared a quarterly cash dividend of $0.63 per share of common stock for the fourth quarter of 2024. The fourth-quarter 2024 dividend is payable on December 13, 2024, to stockholders of record as of November 29, 2024.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE), the world’s leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.

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SOURCE Cboe Global Markets, Inc.

NEW YORK, Oct. 25, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global Tidal Energy Generation Systems Market  size is estimated to grow by USD 0.47 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  16.61%  during the forecast period. Growing demand for electricity from renewable energy sources is driving market growth, with a trend towards integration of AI and ML into tidal energy generation systems. However, high cost of manufacture and maintenance for tidal energy generation systems  poses a challenge.Key market players include ABB Ltd., Andritz AG, BioPower Systems Pty Ltd., Blue Energy Canada Inc., Bluewater Energy Services BV, DP Energy, HydroWing, Instream Energy Systems Corp., Nova Innovation Ltd., Ocean Renewable Power Co. Inc., Orbital Marine Power Ltd, Proteus Marine Renewables, QED Naval Limited, SABELLA SA, Simec Atlantis Energy Ltd., Seabased, SeaQurrent, and Verdant Power Inc..

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Key Market Trends Fueling Growth

The integration of artificial intelligence (AI) and machine learning (ML) into tidal energy generation systems is revolutionizing the global tidal energy market. AI and ML technologies are used to enhance the efficiency, reliability, and performance of tidal energy devices. In operation and maintenance, AI algorithms analyze operational data to identify patterns, predict equipment failures, and enable proactive maintenance, reducing downtime and improving reliability. ML techniques develop predictive maintenance models for timely interventions and cost savings. AI-driven control systems optimize power output and equipment longevity by processing real-time data on tidal patterns, current speeds, and device behavior. AI and ML are also used for resource assessment and site selection, identifying optimal locations and predicting power generation potential. Additionally, AI-powered optimization algorithms enhance grid integration by forecasting tidal energy production, managing grid stability, and optimizing energy trading. These advancements are expected to boost tidal energy adoption and market growth.

Tidal energy generation systems are gaining popularity as a renewable power source, harnessing the kinetic energy from tidal currents and tidal lagoons. Two main types exist: tidal barrages using vertical and axial turbines, and tidal stream systems with horizontal axis and vertical axis turbines, plus tidal kites. Orbital Marine Power leads the way with dynamic tidal power. Tidal energy is a valuable addition to renewable energy sources like solar and wind, addressing electricity demand during peak hours and providing base load power. It also offers potential for desalination and reducing greenhouse gas emissions, contributing to energy security and sustainable energy. Ocean energy technologies, including wave energy converters, are complementary, expanding the renewable energy mix and reducing reliance on fossil fuels. Climate change mitigation and carbon emissions reduction are key benefits.

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Market Challenges

The tidal energy generation market faces significant challenges due to the high cost of manufacturing and maintaining tidal energy systems. Tidal energy, as a renewable and sustainable power source, utilizes the kinetic energy of ocean tides to generate electricity. However, the complex design and engineering needed to build systems capable of withstanding harsh marine conditions and efficiently converting tidal forces into electricity drive up manufacturing expenses. The development of infrastructure, including tidal turbines, support structures, electrical components, and grid connections, necessitates specialized materials, technology, and expertise, all contributing to increased manufacturing costs. The need for durable, corrosion-resistant materials, reliable equipment, and advanced control systems further amplifies costs, making it difficult for new players to enter the tidal energy sector. Moreover, the challenging operating conditions in marine environments necessitate regular monitoring, servicing, and repair activities to ensure optimal performance and longevity. Maintenance in offshore and subsea settings requires specialized vessels, equipment, and skilled personnel, adding to the overall operating costs of tidal energy projects. The remote location and logistical complexities of many tidal energy sites escalate maintenance expenses and operational downtime, negatively impacting the cost-effectiveness and reliability of tidal energy generation systems. These factors hinder the widespread adoption and scalability of tidal energy generation systems in the market, posing a significant challenge to the growth of the global tidal energy generation systems market during the forecast period.Tidal energy generation systems tap into the kinetic energy of tidal currents and tidal lagoons, converting it into electricity. Technologies include tidal barrages, horizontal axis turbines, and vertical axis turbines. Challenges include the high capital costs of tidal barrages and the complexity of horizontal and vertical axis turbines. Emerging solutions like tidal kites and dynamic tidal power show promise. Companies like Orbital Marine Power lead the way in tidal power innovation. Renewable energy sources, including tidal energy, are crucial for meeting growing electricity demand and reducing reliance on fossil fuels. Tidal energy can also contribute to desalination and climate change mitigation by providing sustainable energy and reducing greenhouse gas emissions. Ocean energy technologies, including wave energy converters and tidal energy, offer diverse solutions for a carbon-neutral future.

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Segment Overview

This tidal energy generation systems market report extensively covers market segmentation by

Type 1.1 Tidal range devices1.2 Dynamic tidal power1.3 Tidal stream systems1.4 OthersApplication 2.1 Utility-scale projects2.2 Microgrid systems2.3 Off-grid systemsGeography 3.1 Europe3.2 APAC3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Tidal range devices-  Tidal energy generation systems convert the power of ocean waves into electricity. These systems consist of turbines placed underwater that rotate when hit by tidal currents. Companies like Siemens Gamesa and Andritz Hydro are key players in this market, supplying turbines and turnkey solutions. The global tidal energy market is expected to grow significantly due to increasing demand for renewable energy sources and technological advancements. Government incentives and partnerships also boost the industry’s growth.

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Research Analysis

Tidal energy and wave energy are forms of ocean energy that harness the power of the tides and ocean waves to generate electricity. Renewable energy sources, including tidal energy, are becoming increasingly important in the global energy landscape as the world transitions away from fossil fuels to reduce greenhouse gas emissions and mitigate climate change. Tidal energy generation systems utilize various technologies such as tidal barrages, horizontal axis turbines, vertical axis turbines, tidal kites, and dynamic tidal power to convert the kinetic energy of tidal currents into electricity. Tidal power can also be used for desalination, providing sustainable water sources in arid regions. The market for tidal energy generation systems is expected to grow significantly due to the increasing demand for sustainable energy, energy security, and the need to reduce carbon emissions. Technologies like axial turbines, crossflow turbines, and tidal lagoons are also gaining popularity in the tidal energy sector. Companies are investing heavily in research and development to improve the efficiency and cost-effectiveness of tidal energy generation systems. Ocean energy, including tidal and wave energy, is a promising source of renewable energy that can contribute significantly to a sustainable and low-carbon future.

Market Research Overview

Tidal energy, a form of ocean energy, is a promising renewable power generation system that converts the kinetic energy of tidal currents into electricity. This sustainable energy source is gaining popularity as a viable alternative to fossil fuels in the context of climate change and increasing greenhouse gas emissions. Wave energy, another ocean energy source, is also making strides in the power generation sector. Together, wave and tidal energy are part of the larger category of ocean energy technologies, which include tidal barrages, wave energy converters, and various types of turbines such as horizontal axis, vertical axis, axial, and crossflow. These systems have the potential to provide electricity for desalination and contribute to energy security, reducing carbon emissions and meeting growing electricity demand. Tidal currents, a constant and predictable energy source, offer dynamic tidal power that can be harnessed through various methods, including tidal lagoons and tidal kites. Orbital Marine Power, a leading company in tidal stream technology, is developing innovative solutions to maximize the potential of tidal energy. The renewable energy sources of tidal and wave energy are set to play a significant role in the future of power generation.

Table of Contents:

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

TypeTidal Range DevicesDynamic Tidal PowerTidal Stream SystemsOthersApplicationUtility-scale ProjectsMicrogrid SystemsOff-grid SystemsGeographyEuropeAPACNorth AmericaMiddle East And AfricaSouth 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

NEW YORK, Oct. 25, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The Global Couriers Market size is estimated to grow by USD 115.9 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.18% during the forecast period. Rise in adoption of advanced technologies to enhance logistics efficiency and reduce costs is driving market growth, with a trend towards rise in adoption of electric delivery vehicles. However, complexity in route planning and optimization due to increasing urbanization and congested roads poses a challenge.Key market players include AK Express, Allied Express, Antron Express, Aramex International LLC, City Link Express, DHL Group., DPD Local UK Ltd., DTDC Express Ltd., DX Group, FedEx Corp., Geopost, Hermes Europe GmbH, JD.com Inc., Jet Pack Courier Service., NAPAREX, Posten Bring AS, SF Express Co. Ltd., The Courier Guy, United Parcel Service Inc., Yamato Transport Co. Ltd., and ZTO Express.

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Key Market Trends Fueling Growth

The global couriers market has experienced significant growth in the adoption of electric delivery vehicles due to increasing sustainability concerns and operational efficiency needs. With the rise of e-commerce and last-mile delivery services, courier companies are transitioning to electric fleets to address environmental issues, reduce costs, and improve delivery capabilities. The environmental benefits of electric vehicles (EVs), such as reduced or zero greenhouse gas emissions and cleaner urban environments, are driving their adoption. Additionally, EVs offer lower fuel and maintenance costs, government incentives, and the ability to navigate urban areas effectively. Companies like FedEx and DHL are leading the way, collaborating with manufacturers like TATA and Ford to deploy EVs for last-mile delivery. Advancements in EV technology, including extended battery range and rapid charging infrastructure, are further increasing the feasibility of larger-scale integration. These factors are expected to boost the growth of the global couriers market. 

In the dynamic healthcare industry, courier services play a crucial role in delivering lab specimens, medical supplies, and even organs for transplant surgeries. Trends like home delivery of diagnostic laboratory services for chronic diseases such as diabetes, chronic kidney disease, and prostate cancer. Courier service providers ensure temperature-controlled environments for sensitive medical items. E-commerce logistics have expanded, with domestic and international markets capitalizing on omnichannel retailing, internet penetration, and smartphone usage. Digital capabilities, including platforms like WebCargo and Validaide Capabilities Platform, streamline cross-border e-commerce. Patient care procedures and healthcare planning benefit from efficient medical logistics. Delivery delays remain a challenge, but advancements in technology and standards of living continue to drive growth in this sector. Online retail sales and e-commerce sales, especially during holiday seasons, also contribute significantly to the market.

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Market Challenges

The global couriers market faces significant challenges due to the intricacy of route planning and optimization, intensified by urbanization and traffic congestion. Urban areas host a high concentration of delivery locations within limited spaces, making efficient route planning essential for courier companies. However, congested roads hinder timely deliveries, escalating operational costs, and reducing productivity. To address these issues, companies invest in advanced route optimization technologies and strategies. Traditional point-to-point delivery methods no longer suffice, as urban landscapes demand intricate planning to accommodate traffic patterns, construction, road closures, and restricted access areas. This added complexity negatively impacts courier services’ operational efficiency, affecting delivery schedules and customer satisfaction. Urbanization and traffic congestion are anticipated to hinder the growth of the global couriers market in the forecast period.In today’s business landscape, couriers face numerous challenges in both domestic and international markets. Omnichannel retailing and international trade require efficient logistics networks, including distribution centers, smart warehouses, and advanced tracking systems. Internet penetration and smartphone usage have increased online retail sales and e-commerce, leading to parcel shipments. Holiday seasons and e-retail portals drive peak delivery periods. Digital capabilities are crucial for cross-border e-commerce, with platforms like WebCargo and the Validaide Capabilities Platform streamlining processes. Sustainability goals demand carbon-neutral delivery and electric vehicles for last-mile distribution. Timely delivery, same-day delivery, and automation are essential for Business-to-Consumer (B2C) and Business-to-Business (B2B) transactions. Cross-border shipping, secure document delivery, and logistics solutions are key for Fintech startups. Customer experience is paramount, with route optimization and advanced tracking systems enhancing delivery networks. Online grocery shopping, medical samples, and last-mile distribution require specialized handling. E-commerce sector growth necessitates digital transformation and transportation innovation.

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Segment Overview

This couriers market report extensively covers market segmentation by

Consumer 1.1 Business to business1.2 Business to consumer1.3 Consumer to consumerType2.1 International2.2 DomesticGeography3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Business to business- The couriers market is a significant sector in the logistics industry. It involves the transportation of packages and documents from one location to another. Companies in this market offer various services, including express, economy, and same-day delivery. They use a fleet of vehicles, such as trucks and motorbikes, to ensure timely delivery. The market is competitive, with several players vying for market share. Effective communication and efficient operations are crucial for success. Companies invest in technology to streamline processes and enhance customer experience. The market is expected to grow due to increasing e-commerce sales and globalization.

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Research Analysis

The couriers market is experiencing significant growth in both domestic and international markets, driven by the rise of omnichannel retailing and international trade. With increasing internet penetration and smartphone usage, disposable incomes, and improving standards of living, online retail sales and e-commerce sales, particularly during the holiday season. Digital capabilities are essential for courier companies to compete, with platforms like WebCargo and the Validade Capabilities Platform enabling cross-border e-commerce and streamlined cross-border shipping. Automation, route optimization, advanced tracking systems, and last-mile distribution are key areas of focus for improving efficiency and customer experience. The business landscape is evolving, with same-day delivery, business-to-business, business-to-consumer, and customer-to-customer transactions becoming more common. Fintech startups are also disrupting the industry with innovative payment solutions.

Market Research Overview

In the dynamic world of logistics, the couriers market is experiencing significant growth in both domestic and international markets. Omnichannel retailing and international trade are key drivers, fueled by increased internet penetration and smartphone usage. Disposable incomes and rising standards of living have boosted online retail sales and e-commerce revenues, especially during the holiday season. Digital capabilities, such as WebCargo and the Validade Capabilities Platform, are transforming cross-border e-commerce, enabling real-time tracking and streamlined processes. Sustainability goals are shaping the sector with carbon-neutral initiatives and the adoption of electric delivery vehicles. Last-mile delivery, logistics networks, and distribution centers are being optimized through automation, route optimization, and advanced tracking systems. The e-commerce sector, including Business-to-Business, Business-to-Consumer, and Customer-to-Customer, is revolutionizing parcel shipments and delivery networks. Beyond traditional packages, medical samples, blood, organs, and other sensitive items are being transported, with a focus on temperature-controlled environments and patient care procedures. The healthcare sector is embracing e-commerce logistics for the delivery of medical supplies, lab specimens, and even organs for transplant surgeries. The future of courier services lies in digital transformation, timely delivery, and a focus on customer experience.

Table of Contents:

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

ConsumerBusiness To BusinessBusiness To ConsumerConsumer To ConsumerTypeInternationalDomesticGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth 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 Infiniti Research, Inc.