Published on the Value Lab 9/2/23
Hitachi (OTCPK:HTHIY) is one of Japan's more well known conglomerates. While their household-name status should normally mean less of a value edge, due to the confluence of factors, mainly the chip ban and the reopening of China, some of their higher margin segments could see positive increments. On top of that, they have some nice secular tech-based growth drivers in their larger segments. Overall, their low multiple combined with a good probability of sustained growth, despite forecasts expecting declines, makes capital appreciation here quite likely in our view. A clear buy.
To begin, we have compiled the granular segment EBITA to get a view of how exposed Hitachi results' are to their different segments, whose profiles are very different in terms of end markets and positioning into 2023.
For those that think more linearly and less graphically, here's the original table.
This segment is the highest margin of all of Hitachi's businesses, and they produce valuable, high ticket technology like electron microscopes and metrology equipment essential for semiconductor production. The growth in fabs and foundries have been good for this business so far in 2022. In the latest quarter, revenue growth showed acceleration at 31%, with EBITA growing by more than 50% thanks to operating leverage. The average Hitachi margin is lower than 10%, so the 15% margin in this segment contributes substantially to positive mix effects.
Semiconductor manufacturing may slow down in most western markets since we are seeing a semiconductor glut, but there are strategic tailwinds that may keep demand going, especially for Hitachi. The chip ban is likely to get China investing more heavily in their own fabs, and Hitachi's proximity and exposure to Chinese markets could be downside protection to this segment. Moreover, clinical and chemical markets should be quite stable.
However, for now, orders are down in this segment, and the shrinking backlog is the reason why the markets are forecasting about a 10% decline in earnings in 2023.
However, strategic considerations could limit declines in the order rate and backlog, and would not yet be visible in the results.
This includes HVAC and elevators. Exposure to China is important here too. This is one of the higher margin Hitachi segments, and part of the demand here has been dormant due to a locked down China. A recovery there should be positive for this segment, whose maintenance and razor and blades economics will contribute positively to Hitachi's cash generation profile.
Sustained growth on maintenance but also new installations from a recovering Chinese real estate market - note that only partial recovery in Chinese markets would be needed to keep this engine going - should see a positive contribution from this segment into the next year as well. As it stands, growth in the Q3 at 11% in revenues showed some more acceleration, where it had been lower at a 9-month trailing 9% growth so far this year. A general acceleration in results in the exact quarter is appreciated, despite FX pressures with an appreciating Yen and depreciating FX in foreign markets beginning to materialise over the last couple of months. Underlying demand must be improving - indeed, orders are up 9% in the last quarter showing recovering demand.
These are higher margin businesses as well at 11.3%, focused on digital transformation services but also general IT management for financial companies in the ASEAN markets and for the public sector.
The main growth driver and the majority of the IT business right now is this business called Lumada, which contributes results in several segments. They provide security and cloud services and apps to help companies manage and consolidate data from IoT. Exposure to financials, the public sector, and industry is driving growth here.
The growth of Lumada is pretty phenomenal, and is still mainly focused on Japan, which has a long way to go in terms of digitalisation, as it a notoriously analogue country (you need to carry around a personal stamp for admin). Lumada was organically launched in 2016 so it's good to see its progression and we expect continued growth into 2023 without much problem especially as digital systems and services orders are accelerating in the Q3 to 22%.
This is quite a straightforward segment, as it is an engineering and products business that provides products and services to the electric grids of countries. This is an important infrastructure, especially in the context of electrification, and provides a secular market. This is another segment where revenue growth is accelerating in Q3 at 39% compared to 28% YTD. We can expect further growth into 2023, unfortunately it is one of the lower margin segments.
This business also includes some revenues from Lumada, in particular digital engineering which is growing at 28% within the Lumada line. But there's also GlobalLogic which is another quite exact acquisition that adds to these digital engineering capabilities. This is a lower margin segment at 8.2%, closer to the company average, but it is growing nicely at 24% YTD. The tech angle here provides some secular growth tailwinds, and things like omnichannel and general retail and logistic digitalisation support this business.
This segment has been hit pretty hard this year. YTD revenues are down 34% and EBITA has halved. With orders recovering generally in the building systems segment, we expect the possibility of a recovery of some of these losses into the coming year. Margins are reasonable at 9%, so a recovery here will go a decent way.
This is a more vulnerable segment. 23% growth was achieved thanks to pricing initiatives, but this could reverse as customers require deflation since the underlying commodities are deflating too. This segment produces metal materials used in various industrial parts. Its margin is lower than the company average at 5%, which means markups are already low. They are unlikely to go lower on a percentage basis, but revenues and EBITA should fall into the next year, thankfully not going the longest way.
Metals and Machinery will balance out, then everything else should grow and it balances out declines that one could expect in measurement and analysis, assuming strategic considerations don't mitigate declines. For the declines in measurement, there are about four other segments of equal import producing similar growth than the order declines currently seen in measurement. Overall declines seem rather unlikely considering the rate of growth in the tech segment especially, despite universal reporting on slowing sales cycles for tech offerings - Lumada is exploding.
The company trades at around a 10x PE multiple. That's too low considering EPS growth is entirely possible, even assuming the worst in their jewel measurement segment. With reopening in China already producing order growth for some of the better Hitachi segments like building systems, Hitachi looks primed to show sustained growth from its cheap, industrial profile. Longer term, investors can be happy with their high-tech exposures in semiconductor metrology and clinical and chemical analysis. Semiconductor is very cyclical, and it will come back in a couple of years at most, if not sooner depending on how China responds to the chip ban.
Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.
The MarketWatch News Department was not involved in the creation of this content.
Feb 19, 2023 (The Expresswire) -- [124 Insights] Top “Positive Material Identification (PMI) Market” Size 2023 Key players Profiled in the Report are [Niton (Thermo Fisher), PTS Group, Element Materials Technology, Sandberg LLP, TUV Nord, Acuren, Intertek, Bureau Veritas, ARMI, TUV Rheinland, SGS, Hitachi, Olympus, Bruker, Applus, TSI Incorporated, TUV SUD, Shimadzu, AMETEK, Malvern Panalytical, Shawkor, ,] most important, influential, or successful companies, brands, or individuals within a Positive Material Identification (PMI) market 2023 to 2029.
Complete Overview of the Global Positive Material Identification (PMI) Market: -Providing a complete overview of the global Positive Material Identification (PMI) market is a complex task, as there are many different markets and industries around the world. However, I can provide a high-level summary of some of the key trends and factors that are currently impacting the global Positive Material Identification (PMI) market. Economic Growth, Technology, E-commerce, Globalization, Sustainability, Demographics, Political and regulatory risks These are just a few of the many factors that are currently shaping the global market. It is a dynamic and ever-changing environment, and businesses that are able to adapt to new trends and challenges are likely to be the most successful.
Positive Material Identification (PMI) Market Provides High-class Data: - It is true that the global Positive Material Identification (PMI) market provides a wealth of high-quality data for businesses and investors to analyse and make informed decisions. There are many different sources of market data, including government statistics, industry reports, financial news, and market research firms. Some of the key types of data that are available from the global Positive Material Identification (PMI) market include, Economic data, Financial data, Industry data, Consumer data However, it is important to carefully evaluate the quality and reliability of data sources and to use multiple sources of data to gain a more complete understanding of the Positive Material Identification (PMI) market.
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Top Country Data and Analysis: - for United States, Canada, Mexico, Germany, France, United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia, etc. It also throws light on the progress of key regional Positive Material Identification (PMI) Markets such as North America, Europe, Asia-Pacific, South America and Middle East and Africa
Description and Analysis of Positive Material Identification (PMI) market: - Positive Material Identification (PMI) Market analysis is the process of evaluating market conditions and trends in order to make informed business decisions. A market can refer to a specific geographic location, particular industry or sector, develop strategies for entering or expanding in a particular Positive Material Identification (PMI) market.
Positive Material Identification (PMI) Market analysis can also involve forecasting future market trends and conditions, based on factors like technological change, regulatory developments, or demographic shifts. This can be used to develop long-term strategic plans and to identify potential risks and opportunities for growth.
Overall, market analysis is an important tool for businesses looking to enter or expand in a particular Positive Material Identification (PMI) market. By carefully evaluating Positive Material Identification (PMI) market conditions and trends, businesses can make more informed decisions and develop strategies that are better aligned with customer needs and Positive Material Identification (PMI) market opportunities.
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Positive Material Identification (PMI) is an analysis of a metal alloy that determines the composition by reading the percentage of its constituent elements.
The Positive Material Identification (PMI) market has witnessed a growth from USD million to USD million from 2017 to 2022. With a CAGR, this market is estimated to reach USD million in 2029.
The report focuses on the Positive Material Identification (PMI) market size, segment size (mainly covering product type, application, and geography), competitor landscape, exact status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19.
Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics (drivers, restraints, opportunities), new product release, impact of COVID-19, regional conflicts and carbon neutrality provide crucial information for us to take a deep dive into the Positive Material Identification (PMI) market.
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Market segment by Region/Country including: -● North America (United States, Canada, and Mexico) ● Europe (Germany, UK, France, Italy, Russia and Spain, etc.) ● Asia-Pacific (China, Japan, Korea, India, Australia, Southeast Asia, etc.) ● South America (Brazil, Argentina, Colombia, etc.) ● Middle East and Africa (South Africa, UAE, Saudi Arabia, etc.)
User center of Positive Material Identification (PMI) market 2023
Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and we elaborate at full length on the impact of the pandemic and the war on the Precious Metals Industry.
Final Report will add the analysis of the impact of COVID-19 on this industry.
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The Global Positive Material Identification (PMI) market is anticipated to rise at a considerable rate during the forecast period. the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Positive Material Identification (PMI) Market -SegmentationAnalysis:
Report further studies the market development status and future Positive Material Identification (PMI) Market trend across the world. Also, it splits Positive Material Identification (PMI) market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.
Segment by Type● X-Ray Fluorescence (XRF) ● Optical Emission Spectrometry (OES)
Which growth factors drives the Positive Material Identification (PMI) market growth?
Increasing use of is expected to drive the growth of the Positive Material Identification (PMI) Market.
Segment by Application● Oil and Gas ● Metals and Heavy Machinery ● Aerospace and Defense ● Automotive ● Chemicals ● Infrastructure ● Pharmaceutical ● Power Generation ● Scrap Recycling
Which market dynamics affect the business?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
It also provides accurate information and cutting-edge analysis that is necessary to formulate an ideal business plan, and to define the right path for rapid growth for all involved industry players. With this information, stakeholders will be more capable of developing new strategies, which focus on market opportunities that will benefit them, making their business endeavors profitable in the process.
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Positive Material Identification (PMI) Market - Competitive Analysis:
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Please find the key player list in Summary.
Positive Material Identification (PMI) Industry leading players are the ones that have the biggest impact, the most market shares 2023, the best reputation, or the highest revenue within their field they are
Who are the Leading Players in Positive Material Identification (PMI) Market?● Niton (Thermo Fisher) ● PTS Group ● Element Materials Technology ● Sandberg LLP ● TUV Nord ● Acuren ● Intertek ● Bureau Veritas ● ARMI ● TUV Rheinland ● SGS ● Hitachi ● Olympus ● Bruker ● Applus ● TSI Incorporated ● TUV SUD ● Shimadzu ● AMETEK ● Malvern Panalytical ● Shawkor
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Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.
Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Please find a more complete list of data sources in Chapters:
1.To study and analyze the global Positive Material Identification (PMI) consumption (value) by key regions/countries, product type and application
2.To understand the structure of Positive Material Identification (PMI) Market by identifying its various sub segments.
3.Focuses on the key global Positive Material Identification (PMI) manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.
4.To analyze the Positive Material Identification (PMI) with respect to individual growth trends, future prospects, and their contribution to the total market.
5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
6.To project the consumption of Positive Material Identification (PMI) submarkets, with respect to key regions (along with their respective key countries).
7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
8.To strategically profile the key players and comprehensively analyze their growth strategies.
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Major Points from Table of Contents
1 Market Overview
1.1 Positive Material Identification (PMI) Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.5 Market Dynamics
2 Manufacturers Profiles
3 Global Positive Material Identification (PMI) Market Competition, by Manufacturer
4 Global Positive Material Identification (PMI) Market Analysis by Regions
5 North America Positive Material Identification (PMI) by Countries
6 Europe Positive Material Identification (PMI) by Countries
7 Asia-Pacific Positive Material Identification (PMI) by Countries
8 Latin America, Middle and Africa Positive Material Identification (PMI) by Countries
9 Positive Material Identification (PMI) Market Segment by Type
10 Positive Material Identification (PMI) Market Segment by Application
11 Positive Material Identification (PMI) Market Forecast (2016-2021)
12 Sales Channel, Distributors, Traders and Dealers
13.2 Data Source
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Hitachi's innovative and globally acclaimed technology has been fuelling the transformation of India. Hitachi's new Mid-term Management Plan 2024 aims to support people's quality of life with data and technology that fosters...
13 February 2023
Arwen Eger recalled being the first person in her friend group to regularly use the internet. This was in the 1990s, before being a nerd was cool.
Despite spending hours of free time in her high school’s computer lab — much to her friends’ confusion — she balked at the idea of a career in technology initially. Why? Her father was a professor of information systems in Australia where she grew up, and at that point in her life she didn’t want to follow in his footsteps.
“I have always loved technology, the love of technology is in my blood, whether I like it or not,” Eger told Technical.ly. “But I really shied away from it, because it sort of felt like I needed to forge my own path.”
Eger went on to get her real estate license and worked in the field while pursuing a teaching degree at Duquesne University. Both professions were areas she felt her interpersonal skills would be put to good use, Eger said. Additionally, working in real estate meshed well with the demands of having young children. But eventually, her kids were in school and Eger found herself craving a new challenge and decided to pursue full-time opportunities.
“The impetus for that was [that] I’d been looking for something that would tap into a combination of my various interests and abilities,” Eger said. “My analytical side, yet making relationships … I was able to hone those things in real estate and also in education because I’m a teacher and learner at heart.”
When she was trying to figure out her next chapter, tech still didn’t immediately come to mind. That is until someone described it to her as learning to speak a new language — as a lover of words Eger was intrigued. The more she learned about coding, the more she realized that programming could encompass all the things she was looking for in a new career. Her inquiries led her to Tech Elevator, a Cleveland-based coding bootcamp with a Pittsburgh presence, and she enrolled in the spring of 2021 after receiving a scholarship.
“This is a field that checks all the boxes,” Eger said. “There’s always going to be a good balance of stability and novelty. There’s always going to be new information and new solutions.”
In addition to not wanting to go into what she considered her father’s field, Eger admitted that something else that made her wary of a tech career was that she associated the industry with being antisocial. Now, in her position as an associate product owner at Hitachi Rail, she’s happy to report that hasn’t been the case. At the rail systems company, Eger said, most of her work revolves around building relationships with people and facilitating conversations.
“The Hitachi core values are harmony, sincerity and pioneering spirit, and I get to see and live those every single day,” Eger said. “They really spoke to me and who I am and the integrity that I choose to live my life by every day.”
Eger added that she enjoys feeling that she’s always learning and brings skills like time management from her past professions with her. At this point in her journey, Eger advises anyone considering a career change to embrace not knowing everything and not being afraid to ask questions. Not only that, but if you choose to participate in a coding boot camp, she says not to be afraid to lean on the people around you.
“You don’t have to go it alone,” Eger said. “Throw yourself into the process, lean into the wealth of experience with the instructors, the pathway program, and the relationships that you have with your cohort members because they’re really meaningful, and every single person there that you’re interacting with is an advocate for you.”Atiya Irvin-Mitchell is a 2022-2023 corps member for Report for America, an initiative of The Groundtruth Project that pairs young journalists with local newsrooms. This position is supportedby the Heinz Endowments.
Nineteen Hitachi Energy employees were recognized at a training completion ceremony on Monday.
Hitachi Energy, in partnership with Danville Community College (DCC) and the Southern Virginia Higher Education Center (SVHEC), held a completion ceremony on Monday for nineteen employees who participated in Industrial Maintenance Mechanic Training as part of their on-going professional development, Danville Community College said.
“Hitachi Energy is committed to the personal and professional development of all employees," said Ryland Clark, Community Relations Manager, Hitachi Energy. "Having strong partnerships in the Southern Virginia region is vital for the continued growth and development of our workforce. We will continue to strengthen our partnerships and expand program offerings for our employees as part of our long-term commitment to job creation and workforce development in the county and the region.”
SEE ALSO: 66-year-old Danville woman dies in crash on Route 41 in Pittsylvania County: VSP
In summer 2021, DCC partnered with Hitachi Energy and the SVHEC in South Boston to create a customized training pilot program that allowed the manufacturer to begin upskilling their workforce in the areas of Mechanical Maintenance, Electrical Power & Control, and more. With the successful completion of this pilot in December 2022, the ceremony celebrated the achievements of the nineteen participants with their family, friends, and co-workers, Danville Community College said.
“We’re so proud of this first cohort of Hitachi Energy employees,” said Dr. Jerry Wallace, president at Danville Community College. “Bringing this kind of customized training to our industry partners is a win for everyone involved and we hope to continue to grow and expand this partnership with Hitachi Energy and the SVHEC as we introduce new cohorts.”
According to Danville Community College, the training, provided by DCC and hosted at the SVHEC, covers a variety of safety and health topics, as well as National Center for Construction Education and Research (NCCER) credentials, up to Level 3. Each participant received a certificate of completion that details the training they received.
SEE ALSO: 'Smelled something burning:' Multiple Concord Fire crews respond to Dollar General
“The SVHEC is honored to join with Hitachi Energy and DCC in this important workforce development project," said Betty Adams, SVHEC Executive Director. "We salute the Hitachi Energy students for their commitment and achievement and look forward to hosting future cohorts at the SVHEC. We are grateful to DCC for partnering with us on this important workforce training initiative.”
For more information about customized training for industry employers, call 434-797-8448.
Hitachi India, part of the Japanese conglomerate Hitachi, aims to work towards contributing USD 20 billion in the overall consolidated global revenue for the parent company by 2030 with a ‘higher double-digit profit’, said Managing Director Bharat Kaushal.
By 2030, Hitachi India aims to occupy an “influential position” across rail, energy, and digital, automotive businesses of the group, he said.
Also read: Realizing Women’s Financial Inclusion: from Access to Usage of Bank Accounts
“Some of the horizontal enablers that support integrating technologies using digital as the catalyst including Artificial Intelligence (AI), hydrogen, and energy storage, will become an important growth driver. We aim to have a higher double-digit profit to the overall Hitachi’s consolidated revenues,” Kaushal told PTI.
India is increasingly emerging as a base to do business outside India, especially in capital goods, where the government has launched a lot of incentives for technology transfer, and funding it, allowing to keep the IPR and these are very significant steps.
When asked about Hitachi India’s revenue, Kaushal said: “We expect to contribute to Hitachi’s economy by USD 20 billion”.
The idea is that India will work towards contributing the above amount to the overall global revenue for Hitachi, he added.
“Hitachi’s innovative and globally acclaimed technology has been fuelling the transformation of India. Hitachi’s new Mid-term Management Plan 2024 aims to support people’s quality of life with data and technology that fosters a sustainable society,” he said.
Hitachi has been playing a significant role in accelerating India’s journey towards achieving a carbon-neutral environment.
“Growing globally by digital, green, and innovation, Hitachi India will continue creating milestones across the globe. Hitachi operates in the infra, manufacturing and IT sectors among others.
Also read: City Union Bank PAT up 11% at Rs 218 cr
In 2012, India was converted into a region. Hitachi has five regions outside Japan, of which two are large emerging countries of India and China, and the rest are the US, Europe and Asia.
The other regions of Hitachi are presently bigger than India but Kaushal expects it to scale up.
“Increasingly, the focus on India’s importance in Hitachi is gathering momentum very significantly,” he said adding, “it is coinciding with Japan and India trying to make more winners out of their economic engagement story.” The India solutions are not just about scale but also about affordability. The company is expanding its canvas of business proficiencies in the country.
“Investments and acquisitions are ongoing progressive business plans for Hitachi to strengthen further its position in the ecosystem of Social Innovation Business,” he said adding: “Our core areas as part of our forward-looking Mid-Term Management Plan 2024 will have a direct correlation to the future investments we carry out focusing on offering solutions including Green Technology, Digital Technology and Innovation.” Though Hitachi did not share the exact investment made in India, Kaushal said it has witnessed a “phenomenal growth progression” in the last couple of years.
“This is primarily due to the significant investments we have made at the global level that includes – the acquisition of the power grids business of ABB (Now Hitachi Energy), GlobalLogic, Hitachi Astemo etc. the investment within Hitachi is a globally driven process and we as Regional Headquarter become an integral part of this heightened ecosystem,” he said.
For FY21, Hitachi India’s consolidated financial revenue was around Rs 17,204 crore (around 274 billion yen).
Fermi Energia, a privately held company formed to develop a small modular reactor (SMR) in Estonia, announced that it has selected GE Hitachi Nuclear Energy’s (GEH’s) BWRX-300 design for deployment.
Kalev Kallemets, CEO of Fermi Energia, said in September last year that the company’s nuclear technology selection process had begun in 2019, with a mapping of a large list of companies from around the world that were all offering new advanced nuclear technologies. Decision-makers whittled that list down to the “more successful” designs. From the successful ones, in turn, leaders chose the three they felt were most suitable for Estonian conditions and its electricity system. The company had sent tenders to GEH, NuScale, and Rolls-Royce on Sept. 15, with bids requested by December, including comprehensive technical documentation needed to estimate the construction cost. On Feb. 8, the group announced GEH had been selected as its top choice (Figure 1).
“There are dozens of new small modular reactors in development around the world—each of them is somehow different. Some developers are experimenting with more exotic technologies that will take a long time to reach market maturity, while others use tried and tested, functional and safe solutions. Estonia cannot be too bold an experimenter with its first nuclear power plant. It also sets a number of practical criteria for the choice of technology, which after thorough consideration fell to GE Hitachi,” explained Marti Jeltsov, Chief Technology Officer of Fermi Energia.
The BWRX-300 is the 10th evolution of GE’s boiling water reactor (BWR) design. The company says the BWRX-300 “represents the simplest, yet most innovative BWR design since GE began developing nuclear reactors in 1955.”
“The BWRX-300 is in principle a boiling water reactor, which is used and well known by many European countries, including Finland and Sweden. However, the specific reactor model is much smaller than the ones used in the nuclear plants of our northern neighbors, which allows greater safety, lower cost, and shorter build time. At the same time, it is possible to rely on the experience of neighbors and offer the consumer clean electricity at an affordable and stable price,” said Kallemets.
“We are honored that our small modular reactor technology has been selected by Fermi Energia to help Estonia fulfill its energy security and climate goals,” said Jay Wileman, president and CEO of GEH. “This technology selection further validates the BWRX-300 as the leading SMR solution. By leveraging a unique combination of existing fuel, plant simplifications, proven components, and a design based on an already licensed reactor, the BWRX-300 offers cost-competitive, zero-carbon-emission generation in a meaningful timeframe.”
The technology selection by Fermi Energia is the latest win for GEH’s BWRX-300. In January, GEH, Ontario Power Generation (OPG), SNC-Lavalin, and Aecon announced the signing of a contract for the deployment of a BWRX-300 SMR at OPG’s Darlington New Nuclear Project site. In August 2022, the Tennessee Valley Authority (TVA) began planning and preliminary licensing for potential deployment of a BWRX-300 at its Clinch River Site near Oak Ridge, Tennessee. And, in June last year, SaskPower announced that it had selected the BWRX-300 for potential deployment in Saskatchewan in the mid-2030s.
Meanwhile, ORLEN Synthos Green Energy (OSGE) and its partners started the pre-licensing process in Poland by submitting an application for assessment of the BWRX-300 to the country’s National Atomic Energy Agency. OSGE plans to deploy a fleet of BWRX-300s with the potential for deployment of the first of those units by the end of this decade. GEH has also begun the design certification process for the BWRX-300 in the UK. The company said it has memoranda of understanding or other agreements in place with companies in Canada, Czech Republic, Poland, UK, U.S., and Sweden, among others, to support the global deployment of BWRX-300 technology.
However, there are still several hurdles to overcome in Estonia before construction begins. In order to build a nuclear power plant in Estonia, the Riigikogu—the unicameral parliament of Estonia—must consider the need and authorize nuclear energy in the country. Also, the initiation of a special national plan to find a suitable location for the plant, as well as the development of nuclear energy legislation are required.
Fermi Energia feels there is good support for nuclear power among citizens of Estonia. The company commissioned public opinion surveys in January, which were conducted by Kantar Emor and Norstat—two independent companies that collect data and do business consulting, analysis, and research in Estonia. Kantar Emor’s study was the eighth completed since 2019. Norstat, however, went for the first time to interview the residents of Viru-Nigula and Lüganus parishes. This was significant because these are potential siting locations for the nuclear power plant.
Kantar Emor reported that 61% of people it polled were in favor (34%) or somewhat in favor (27%) of “considering the use of a new generation small nuclear power plant to ensure Estonia’s electricity supply security.” It said 17% were against (7%) or somewhat against (10%), and 23% did not have a clear position on this issue. “The share of opponents of considering a nuclear plant is in a continuing downward trend,” Fermi Energia said.
Norstat’s survey in Viru-Nigula municipality in Lääne-Virumaa and Lüganus municipality in Ida-Virumaa was conducted door-to-door. It revealed that 50% of the residents of these municipalities were in favor or somewhat in favor of building a new generation small nuclear power plant in their home municipality, and 32% were against or somewhat against the prospect. Notably, the support percentages in each category were quite similar for both municipalities.
“We have analyzed all the work ahead and consider it realistic to produce reliable, clean, and affordable nuclear energy in Estonia by Christmas 2031, which should also be in the interest of society and the country’s climate goals. Understandably, this goal requires a serious effort from both the state and Fermi Energia,” said Kallemets.
—Aaron Larson is POWER’s executive editor (@AaronL_Power, @POWERmagazine).
The MarketWatch News Department was not involved in the creation of this content.
Feb 16, 2023 (The Expresswire) -- According to the latest “EDI Ultrapure Water System Market” Analysis Report 2022 discover robust growth with the highest CAGR over the forecast period. This 123 Pages report offers a telescopic view of the current market trends, situations, regional market scope, size forecast opportunities, and status with a 360-degree overview of the market that discusses major factors driving, repelling, challenging, and creating opportunities for the market.
This report has provided in-depth information on leading Future Trends, Growth Factors, Consumption, Production Volume, CAGR Value, Attentive Opinions, Profit Margin, Price, and Industry-Validated Market Data, among other things, which are included in the research report.
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List of Top Key Players of the EDI Ultrapure Water System Market Report: The research report covers an extensive analysis of the top key players in the market along with their business strategies, market overview, expansion, and innovations.
● Pure Water No.1
● Hongsen Huanbao
● Mar-Cor Purification
● Hongsen Huanbao
● Beijing Relatec
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This report provides a detailed historical analysis of the global market for EDI Ultrapure Water System from 2016-2021 and provides extensive market forecasts from 2022-2030 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth, and future perspectives in the EDI Ultrapure Water System market.
The main objective of the EDI Ultrapure Water System industry report is to supply key insights on Competition Positioning, Current Trends, Market Potential, Growth Rates, and Alternative Relevant Statistics. Also, global leading players are profiled with their revenue, market share, profit margin, major product portfolio, and SWOT analysis.
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Global EDI Ultrapure Water System Market: Competitive Analysis
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on to combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period.
Market Split by Type, this report displays the production, revenue, price, market share, and growth rate of each type, primarily split into:
● 0-10 m3/h
● 10-30 m3/h
● 30+ m3/h
Market Split by Application, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share, and growth rate for each application, including:
● Power and Energy
Market split by Sales Channel can be divided into:● Direct Channel ● Distribution Channel
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EDI Ultrapure Water System Market Report Highlights:● Report covers the shifting industry dynamics ● Detailed information about the market segmentation ● Covers past, present, and projected industry size and exact industry trends ● Key Competition landscape ● Business strategies of key players and product offerings ● Potential and niche segments/regions exhibiting promising growth ● A neutral perspective toward market performance
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2016-2030):● North America (United States, Canada, and Mexico) ● Europe (Germany, UK, France, Italy, Russia and Spain, etc.) ● Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia, etc.) ● South America (Brazil, Argentina, and Colombia, etc.) ● Middle East and Africa (South Africa, UAE, and Saudi Arabia, etc.)
Covid-19 Impact on EDI Ultrapure Water System Market:
Moreover, the impact of COVID-19 is also concerned. Since outbreak in December 2019, the COVID-19 virus has spread to all around the world and caused huge losses of lives and economy, and the global manufacturing, tourism and financial markets have been hit hard, while the online market/industry increase. Fortunately, with the development of vaccine and other effort by global governments and organizations, the negative impact of COVID-19 is expected to subside and the global economy is expected to recover.
This research covers COVID-19 impacts on the upstream, midstream and downstream industries. Moreover, this research provides an in-depth market evaluation by highlighting information on various aspects covering market dynamics like drivers, barriers, opportunities, threats, and industry news and trends. In the end, this report also provides in-depth analysis and professional advices on how to face the post COIVD-19 period.
Detailed investigation of the past progress, present market scenario, and prospects have been offered in the report. Furthermore, the market has been classified on the basis of category, end-use industry, and region. The report has summarized the market dynamics, comprising the growth opportunities and prospects, restraints, drivers, and trends within the market apart from the assessment of pricing and the value chain.
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Reasons why you should buy this report● Understand the current and future of the EDI Ultrapure Water System Market in both developed and emerging markets. ● The report assists in realigning the business strategies by highlighting the EDI Ultrapure Water System business priorities. ● The report throws light on the segment expected to dominate the EDI Ultrapure Water System industry and market. ● Forecasts the regions expected to witness fastest growth. ● The latest developments in the EDI Ultrapure Water System industry and details of the industry leaders along with their market share and strategies. ● Saves time on entry-level research as the report contains vital information about growth, size, leading players and segments of the industry. ● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Market.
Some of the Key Questions Answered in this Report:● What will the EDI Ultrapure Water System Market Size in 2030 and What will the Growth Rate? ● What are the Key EDI Ultrapure Water System Market Trends? What is the Driving Factors of EDI Ultrapure Water System Market? ● What are the Challenges to EDI Ultrapure Water System Market Growth? Who are the Key Vendors in Global EDI Ultrapure Water System Market Space? ● What are the Key Trends of EDI Ultrapure Water System Market Impacting the Growth of the Global Market? ● What are the Key Outcomes of the Five Forces Analysis of the Global EDI Ultrapure Water System Market? What are Market Dynamics of EDI Ultrapure Water System Market? What are Challenges and Opportunities? ● What are the EDI Ultrapure Water System Market Opportunities and Threats Faced by Key Vendors in the Global EDI Ultrapure Water System Market? ● What Is Current Status of EDI Ultrapure Water System Industry? What’s Market Competition in this Industry, Both Company, and Country Wise? What’s Market Analysis of EDI Ultrapure Water System Market by Taking Applications and Types in Consideration?
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Why Purchase the Report?
- Visualize the formation of the global EDI Ultrapure Water System market across each indication, in terms of type and highlighting the key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development deals.
- To know the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping for the key products of all major market players
Key Points From Table of Content:
Chapter 1 EDI Ultrapure Water System Market Overview
1.1 EDI Ultrapure Water System Definition
1.2 Global EDI Ultrapure Water System Market Size Status and Outlook (2016-2030)
1.3 Global EDI Ultrapure Water System Market Size Comparison by Region (2016-2030)
1.4 Global EDI Ultrapure Water System Market Size Comparison by Type (2016-2030)
1.5 Global EDI Ultrapure Water System Market Size Comparison by Application (2016-2030)
1.6 Global EDI Ultrapure Water System Market Size Comparison by Sales Channel (2016-2030)
1.7 EDI Ultrapure Water System Market Dynamics (COVID-19 Impacts)
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/Expansion)
1.7.4 COVID-19 Impacts
1.7.5 Post-Strategies of COVID-19
Chapter 2 EDI Ultrapure Water System Market Segment Analysis by Player
2.1 Global EDI Ultrapure Water System Sales and Market Share by Player (2019-2021)
2.2 Global EDI Ultrapure Water System Revenue and Market Share by Player (2019-2021)
2.3 Global EDI Ultrapure Water System Average Price by Player (2019-2021)
2.4 Players Competition Situation and Trends
2.5 Conclusion of Segment by Player
Chapter 3 EDI Ultrapure Water System Market Segment Analysis by Type
3.1 Global EDI Ultrapure Water System Market by Type
3.2 Global EDI Ultrapure Water System Sales and Market Share by Type (2016-2021)
3.3 Global EDI Ultrapure Water System Revenue and Market Share by Type (2016-2021)
3.4 Global EDI Ultrapure Water System Average Price by Type (2016-2021)
3.5 Leading Players of EDI Ultrapure Water System by Type in 2021
3.6 Conclusion of Segment by Type
Chapter 4 EDI Ultrapure Water System Market Segment Analysis by Application
4.1 Global EDI Ultrapure Water System Market by Application
4.2 Global EDI Ultrapure Water System Revenue and Market Share by Application (2016-2021)
4.3 Leading Consumers of EDI Ultrapure Water System by Application in 2021
4.4 Conclusion of Segment by Application
Chapter 5 EDI Ultrapure Water System Market Segment Analysis by Sales Channel
5.1 Global EDI Ultrapure Water System Market by Sales Channel
5.2 Global EDI Ultrapure Water System Revenue and Market Share by Sales Channel (2016-2021)
5.3 Leading Distributors/Dealers of EDI Ultrapure Water System by Sales Channel in 2021
5.4 Conclusion of Segment by Sales Channel
Chapter 6 EDI Ultrapure Water System Market Segment Analysis by Region
6.1 Global EDI Ultrapure Water System Market Size and CAGR by Region (2016-2030)
6.2 Global EDI Ultrapure Water System Sales and Market Share by Region (2016-2021)
6.3 Global EDI Ultrapure Water System Revenue and Market Share by Region (2016-2021)
6.4 North America
6.7 South America
6.8 Middle East and Africa
Chapter 7 Profile of Leading EDI Ultrapure Water System Players
Chapter 8 Upstream and Downstream Analysis of EDI Ultrapure Water System
8.1 Industrial Chain of EDI Ultrapure Water System
8.2 Upstream of EDI Ultrapure Water System
8.3 Downstream of EDI Ultrapure Water System
Chapter 9 Development Trend of EDI Ultrapure Water System (2022-2030)
9.1 Global EDI Ultrapure Water System Market Size (Sales and Revenue) Forecast (2022-2030)
9.2 Global EDI Ultrapure Water System Market Size and CAGR Forecast by Region (2022-2030)
9.3 Global EDI Ultrapure Water System Market Size and CAGR Forecast by Type (2022-2030)
9.4 Global EDI Ultrapure Water System Market Size and CAGR Forecast by Application (2022-2030)
9.5 Global EDI Ultrapure Water System Market Size and CAGR Forecast by Sales Channel (2022-2030)
Detailed TOC of Global EDI Ultrapure Water System Market @ https://www.industryresearch.biz/TOC/21052755
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While aiming to secure an influential position across various sectors, Hitachi India, part of the Japanese conglomerate Hitachi has set an objective to contribute $20 billion in overall consolidated revenue of the parent company by 2030.
Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced today that it has placed in service its state-of-the-art power quality solution, SVC Light®, to Strengthen grid stability and expand transmission capacity in the strategic Owainat development area in southwest Egypt, where desert wasteland is being reclaimed for agricultural use.
The solution – for Egyptian Electricity Transmission Company (EETC), the national grid operator - is also part of the government’s plan to make the country a regional hub for electricity exchange with Africa and Europe. The project supports the UN's Sustainable Development Goal 7 – ensuring that all people have access to affordable, reliable, sustainable and modern energy.
Hitachi Energy provided a fully engineered power quality solution based on its SVC Light static synchronous compensator technology (STATCOM) to expand grid capacity and provide more power for rural development and a rapidly increasing population. The solution strengthens and stabilizes the power grid by providing reactive power compensation and dynamic voltage support to keep the grid stable at the required voltage.
“We are delighted to be working with EETC again and delivery this strategic project that will benefit Egypt society and advance the world’s energy system to be more sustainable, flexible and secure,” said Mohamed Hosseiny, Country Managing Director, Egypt & North Africa, Hitachi Energy. “With advanced and proven solutions, we help our customers to overcome complexity, increase efficiency and accelerate the shift toward a carbon-neutral energy future.”
“The successful energization of Egypt's groundbreaking STATCOM project is a major accomplishment for the energy sector in Egypt, said Sabah Mashaly, Chairman of Egyptian Electricity Transmission Company (EETC). “This is a successful step forward in the country’s development plan.”
Hitachi Energy’s commitment to sustainability and innovation has been a key factor in the success of the STATCOM project. The company’s advanced technology has helped to increase the efficiency of the grid, reducing energy loss and saving resources. This has had a positive impact on the environment and has supported the reduction of the carbon footprint.
Hitachi Energy is a market and technology leader in grid connections and power quality solutions, with more than 15,000 installations worldwide. Recently, the company launched its Grid-eXpand™ range of modular and prefabricated grid connection solutions that make it faster, simpler and more efficient to expand power grid capacity and accelerate the transition to a more sustainable energy system.