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MKS Breaks Ground on New Chemical Manufacturing and TechCenter Facility in Thailand
Globenewswire· 2025-05-07 13:00
Core Insights - MKS Instruments has announced the groundbreaking of a new chemical manufacturing and TechCenter facility in Thailand, aimed at enhancing its presence in Southeast Asia and supporting the growing PCB industry [1][2] - The facility will focus on producing process chemicals and providing specialized services for advanced electronics and industrial markets, with a production capacity of 18,500 tons per year [3][6] - This strategic investment of over $40 million reflects MKS' long-term vision for growth and innovation in the electronics and plating industries [3][2] Company Overview - MKS Instruments provides foundational technology solutions for semiconductor manufacturing, electronics, and specialty industrial applications, focusing on improving process performance and enabling innovations [5] - The Atotech brand within MKS specializes in advanced surface modification and plating technologies, offering a comprehensive portfolio that includes chemistry, equipment, software, and services [7][8] Facility Details - The new facility will occupy an 11.7-acre plot, approximately 27,000 square meters, located 30 minutes from Bangkok International Airport [2] - It will feature state-of-the-art manufacturing spaces, advanced plating equipment, fully equipped laboratories, and comprehensive technical service capabilities [6]
Testing and Commissioning Market Report 2025-2033: Analysis and Forecast by Service Type, Commissioning Type, Sourcing Type, End Use Sector and Region with Detailed Profiles of Leading Companies
Globenewswire· 2025-03-25 09:27
Market Overview - The global testing and commissioning market size reached USD 254 billion in 2024 and is forecasted to reach USD 366.9 billion by 2033, with a CAGR of 4.7% from 2025 to 2033 [2][14]. - Key drivers of market growth include the rising need for regulatory compliance, rapid technological advancements, and the development of new testing and commissioning technologies by key players [2][5]. Market Segmentation Service Type Insights - The largest segment in the testing and commissioning market is testing, driven by increased application in industries such as automotive, oil & gas, energy & utilities, and manufacturing [7]. - The demand for maintaining high-quality parameters and investments in testing equipment are boosting segment growth [7]. Commissioning Type Insights - Initial commissioning is the largest segment due to the need for testing and verifying the functionality of new or modified systems [8]. - Industrial requirements for performance standards and quality are supporting this segment's growth [8]. Sourcing Type Insights - In-house sourcing is the largest segment, driven by the need for confidentiality and quality [9]. - Companies are investing heavily in in-house testing and forming regional commercial labs, which accelerates growth in this segment [9]. End Use Sector Insights - The construction sector represents the largest end-use segment, fueled by rising infrastructural activity in emerging economies [10]. - Globalization, technology penetration, and product standardization norms are contributing to the growth of this segment [10]. Regional Insights - Europe is identified as the largest market for testing and commissioning, driven by a focus on monitoring and maintaining supply chains and production environments [11]. - The demand for connected consumer electronics and IoT-enabled devices in Europe is facilitating the need for testing and commissioning [11]. Competitive Landscape - The report includes a comprehensive analysis of the competitive landscape, covering key players such as SGS SA, Bureau Veritas SA, Intertek Group plc, DEKRA SE, and TUV SUD AG [14][17]. - The report spans 134 pages and covers the forecast period from 2024 to 2033, providing insights into market dynamics and competitive positioning [14].
Digital Braille Displays Market Analysis Report 2024-2030: Increased Focus on Smart Solutions for Real-Time Text Translation, Integration of AI and Voice Assistance Enhances Usability
Globenewswire· 2025-03-13 15:38
Core Insights - The global market for Digital Braille Displays was valued at US$42.9 Billion in 2024 and is projected to reach US$53.1 Billion by 2030, growing at a CAGR of 3.6% from 2024 to 2030 [1][12]. Market Overview - Digital Braille displays adoption is particularly strong in developed countries due to stringent accessibility standards and government investments in assistive technologies [3]. - The market is driven by increasing awareness of accessibility, advancements in technology, and supportive regulatory frameworks [4]. Market Trends & Drivers - Consumer behavior is shifting towards a demand for compact, portable, and multifunctional devices, influencing product innovation [5]. - Technological advancements such as improved tactile feedback, multi-line capabilities, and features like Bluetooth connectivity are enhancing user experience [6][7]. - The global push for inclusivity, supported by policies like the Americans with Disabilities Act (ADA) and the European Accessibility Act, is driving demand for digital Braille displays [8][9]. Regional Analysis - The U.S. market is valued at $11.7 Billion in 2024, while China is forecasted to grow at a 6.9% CAGR to reach $10.8 Billion by 2030 [17]. - The Portable Braille Displays segment is expected to reach US$25.9 Billion by 2030 with a CAGR of 4.8%, while the Desktop Braille Displays segment is projected to grow at a 2.6% CAGR [17]. Competitive Landscape - Key players in the market include Bristol Braille Technology, Dot Incorporation, Eurobraille, and Freedom Scientific Inc. [11][18]. - The report features comprehensive market data, including annual sales and forecasts, and in-depth regional analysis [11][12].