- Raising the mid-points of billings, revenue, margins, earnings per share, and free cash flow guidance ranges. - Janesh Moorjani appointed as chief financial officer. SAN FRANCISCO , Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK ) today reported financial results for the third quarter of fiscal 2025. All growth rates are compared to the third quarter of fiscal 2024, unless otherwise noted. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables. For definitions, please view the Glossary of Terms later in this document. Third Quarter Fiscal 2025 Financial Highlights Total revenue increased 11 percent to $1.57 billion ; GAAP operating margin was 22 percent, down 2 percentage points; Non-GAAP operating margin was 36 percent, down 3 percentage points; GAAP income from operations was $346 million , compared to $334 million ; Non-GAAP income from operations was $573 million , compared to $547 million ; GAAP diluted EPS was $1.27 ; Non-GAAP diluted EPS was $2.17 ; Cash flow from operating activities was $209 million ; free cash flow was $199 million . "Autodesk is leading the industry in modernizing its go-to-market motion. These initiatives enable us to build larger and more durable direct relationships with our customers and to serve them more efficiently. We have already seen significant benefits from these optimization initiatives and there's more to come in the next phase," said Andrew Anagnost , Autodesk president and CEO. "We will continue to deploy capital to offset and buy forward dilution, a practice which has reduced our share count over the last three years, and have significantly extended the duration of our repurchase program by increasing our stock repurchase authorization. Our goal is to deliver sustainable shareholder value over many years." "We generated broad-based underlying growth across products and regions. Overall, macroeconomic, policy, and geopolitical challenges, and the underlying momentum of the business, were consistent with the last few quarters with continued strong renewal rates and headwinds to new business growth," said Betsy Rafael , Autodesk interim CFO. "Given Autodesk's sustained momentum in the third quarter, and smooth launch of the new transaction model in Western Europe , we are raising the midpoints of our billings, revenue, margins, earnings per share, and free cash flow guidance ranges." Additional Financial Details Total billings increased 28 percent to $1.54 billion . Total revenue was $1.57 billion , an increase of 11 percent as reported, and 12 percent on a constant currency basis. Recurring revenue represents 97 percent of total. Design revenue was $1.30 billion , an increase of 9 percent as reported, and 10 percent on a constant currency basis. On a sequential basis, Design revenue increased 3 percent as reported and on a constant currency basis. Make revenue was $171 million , an increase of 28 percent as reported and on a constant currency basis. On a sequential basis, Make revenue increased 6 percent as reported and 5 percent on a constant currency basis. Subscription plan revenue was $1.46 billion , an increase of 11 percent as reported, and 12 percent on a constant currency basis. On a sequential basis, subscription plan revenue increased 3 percent as reported and 4 percent on a constant currency basis. Net revenue retention rate remained within the range of 100 to 110 percent, on a constant currency basis. GAAP income from operations was $346 million , compared to $334 million . GAAP operating margin was 22 percent, down 2 percentage points. Total non-GAAP income from operations was $573 million , compared to $547 million . Non-GAAP operating margin was 36 percent, down 3 percentage points. GAAP diluted net income per share was $1.27 , compared to $1.12 . Non-GAAP diluted net income per share was $2.17 , compared to $2.07 . Deferred revenue decreased 9 percent to $3.66 billion . Unbilled deferred revenue was $2.45 billion , an increase of $1.24 billion . Remaining performance obligations ("RPO") increased 17 percent to $6.11 billion . Current RPO increased 14 percent to $4.01 billion . Cash flow from operating activities was $209 million , an increase of $191 million . Free cash flow was $199 million , an increase of $186 million . Third Quarter Fiscal 2025 Business Highlights Net Revenue by Geographic Area Net Revenue by Product Family Our product offerings are focused in four primary product families: Architecture, Engineering and Construction ("AEC"), AutoCAD and AutoCAD LT, Manufacturing ("MFG"), and Media and Entertainment ("M&E"). Business Outlook The following are forward-looking statements based on current expectations and assumptions, and involve risks and uncertainties, some of which are set forth below under "Safe Harbor Statement." Autodesk's business outlook for the fourth quarter and full-year fiscal 2025 considers the current economic environment and foreign exchange currency rate environment. A reconciliation between the fiscal 2025 GAAP and non-GAAP estimates is provided below or in the tables following this press release. Fourth Quarter Fiscal 2025 Full Year Fiscal 2025 The fourth quarter and full-year fiscal 2025 outlook assume a projected annual effective tax rate of 20 percent and 19 percent for GAAP and non-GAAP results, respectively. Shifts in geographic profitability continue to impact the annual effective tax rate due to significant differences in tax rates in various jurisdictions. Therefore, assumptions for the annual effective tax rate are evaluated regularly and may change based on the projected geographic mix of earnings. Earnings Conference Call and Webcast Autodesk will host its third quarter conference call today at 5 p.m. ET . The live broadcast can be accessed at autodesk.com/investor . A transcript of the opening commentary will also be available following the conference call. A replay of the broadcast will be available at 7 p.m. ET at autodesk.com/investor . This replay will be maintained on Autodesk's website for at least 12 months. Investor Presentation Details An investor presentation, Excel financials and other supplemental materials providing additional information can be found at autodesk.com/investor . Key Performance Metrics To help better understand our financial performance, we use several key performance metrics including billings, recurring revenue and net revenue retention rate. These metrics are key performance metrics and should be viewed independently of revenue and deferred revenue. These metrics are not intended to be combined with those items. We use these metrics to monitor the strength of our recurring business. We believe these metrics are useful to investors because they can help in monitoring the long-term health of our business. Our determination and presentation of these metrics may differ from that of other companies. The presentation of these metrics is meant to be considered in addition to, not as a substitute for or in isolation from, our financial measures prepared in accordance with GAAP. Glossary of Terms Billings: Total revenue plus the net change in deferred revenue from the beginning to the end of the period. Cloud Service Offerings : Represents individual term-based offerings deployed through web browser technologies or in a hybrid software and cloud configuration. Cloud service offerings that are bundled with other product offerings are not captured as a separate cloud service offering. Constant Currency (CC) Growth Rates: We attempt to represent the changes in the underlying business operations by eliminating fluctuations caused by changes in foreign currency exchange rates as well as eliminating hedge gains or losses recorded within the current and comparative periods. We calculate constant currency growth rates by (i) applying the applicable prior period exchange rates to current period results and (ii) excluding any gains or losses from foreign currency hedge contracts that are reported in the current and comparative periods. Design Business: Represents the combination of maintenance, product subscriptions, and all EBAs. Main products include, but are not limited to, AutoCAD, AutoCAD LT, Industry Collections, Revit, Inventor, Maya and 3ds Max. Certain products, such as our computer aided manufacturing solutions, incorporate both Design and Make functionality and are classified as Design. Enterprise Business Agreements (EBAs): Represents programs providing enterprise customers with token-based access to a broad pool of Autodesk products over a defined contract term. Flex: A pay-as-you-go consumption option to pre-purchase tokens to access any product available with Flex for a daily rate. Free Cash Flow: Cash flow from operating activities minus capital expenditures. Industry Collections: Autodesk Industry Collections are a combination of products and services that target a specific user objective and support a set of workflows for that objective. Our Industry Collections consist of: Autodesk Architecture, Engineering and Construction Collection, Autodesk Product Design and Manufacturing Collection, and Autodesk Media and Entertainment Collection. Maintenance Plan: Our maintenance plans provide our customers with a cost effective and predictable budgetary option to obtain the productivity benefits of our new releases and enhancements when and if released during the term of their contracts. Under our maintenance plans, customers are eligible to receive unspecified upgrades when and if available, and technical support. We recognize maintenance revenue over the term of the agreements, generally one year. Make Business: Represents certain cloud-based product subscriptions. Main products include, but are not limited to, Assemble, Autodesk Build, BIM Collaborate Pro, BuildingConnected, Fusion, and Flow Production Tracking. Certain products, such as Fusion, incorporate both Design and Make functionality and are classified as Make. Net Revenue Retention Rate (NR3): Measures the year-over-year change in Recurring Revenue for the population of customers that existed one year ago ("base customers"). Net revenue retention rate is calculated by dividing the current quarter Recurring Revenue related to base customers by the total corresponding quarter Recurring Revenue from one year ago. Recurring Revenue is based on USD reported revenue, and fluctuations caused by changes in foreign currency exchange rates and hedge gains or losses have not been eliminated. Recurring Revenue related to acquired companies, one year after acquisition, has been captured as existing customers until such data conforms to the calculation methodology. This may cause variability in the comparison. Other Revenue: Consists of revenue from consulting, and other products and services, and is recognized as the products are delivered and services are performed. Product Subscription: Provides customers a flexible, cost-effective way to access and manage 3D design, engineering, and entertainment software tools. Our product subscriptions currently represent a hybrid of desktop and cloud functionality, which provides a device-independent, collaborative design workflow for designers and their stakeholders. Recurring Revenue: Consists of the revenue for the period from our traditional maintenance plans, our subscription plan offerings, and certain Other revenue. It excludes subscription revenue related to third-party products. Recurring revenue acquired with the acquisition of a business is captured when total subscriptions are captured in our systems and may cause variability in the comparison of this calculation. Remaining Performance Obligations (RPO): The sum of total short-term, long-term, and unbilled deferred revenue. Current remaining performance obligations is the amount of revenue we expect to recognize in the next twelve months. Solution Provider : Solution Provider is the name of our channel partners who primarily serve our new transaction model customers worldwide. Solution Providers may also be resellers in relation to Autodesk solutions. Spend : The sum of cost of revenue and operating expenses. Subscription Plan: Comprises our term-based product subscriptions, cloud service offerings, and EBAs. Subscriptions represent a combined hybrid offering of desktop software and cloud functionality which provides a device-independent, collaborative design workflow for designers and their stakeholders. With subscription, customers can use our software anytime, anywhere, and get access to the latest updates to previous versions. Subscription Revenue: Includes our cloud-enabled term-based product subscriptions, cloud service offerings, and flexible EBAs. Unbilled Deferred Revenue: Unbilled deferred revenue represents contractually stated or committed orders under early renewal and multi-year billing plans for subscription, services, and maintenance for which the associated deferred revenue has not been recognized. Under FASB Accounting Standards Codification ("ASC") Topic 606, unbilled deferred revenue is not included as a receivable or deferred revenue on our Condensed Consolidated Balance Sheet. Safe Harbor Statement This press release contains forward-looking statements that involve risks and uncertainties, including quotations from management, statements in the paragraphs under "Business Outlook" above statements about our short-term and long-term goals, statements regarding our strategies, market and product positions, performance and results, and all statements that are not historical facts. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our strategy to develop and introduce new products and services and to move to platforms and capabilities, exposing us to risks such as limited customer acceptance (both new and existing customers), costs related to product defects, and large expenditures; global economic and political conditions, including changes in monetary and fiscal policy, foreign exchange headwinds, recessionary fears, supply chain disruptions, resulting inflationary pressures and hiring conditions; geopolitical tension and armed conflicts, and extreme weather events; costs and challenges associated with strategic acquisitions and investments; our ability to successfully implement and expand our transaction model; dependency on international revenue and operations, exposing us to significant international regulatory, economic, intellectual property, collections, currency exchange rate, taxation, political, and other risks, including risks related to the war against Ukraine launched by Russia and our exit from Russia and the current conflict between Israel and Hamas; inability to predict subscription renewal rates and their impact on our future revenue and operating results; existing and increased competition and rapidly evolving technological changes; fluctuation of our financial results, key metrics and other operating metrics; our transition from up front to annual billings for multi-year contracts; deriving a substantial portion of our net revenue from a small number of solutions, including our AutoCAD-based software products and collections; any failure to successfully execute and manage initiatives to realign or introduce new business and sales initiatives, including our new transaction model for Flex; net revenue, billings, earnings, cash flow, or new or existing subscriptions shortfalls; social and ethical issues relating to the use of artificial intelligence in our offerings; our ability to maintain security levels and service performance meeting the expectations of our customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; security incidents or other incidents compromising the integrity of our or our customers' offerings, services, data, or intellectual property; reliance on third parties to provide us with a number of operational and technical services as well as software; our highly complex software, which may contain undetected errors, defects, or vulnerabilities; increasing regulatory focus on privacy issues and expanding laws; governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls; protection of our intellectual property rights and intellectual property infringement claims from others; the government procurement process; fluctuations in currency exchange rates; our debt service obligations; and our investment portfolio consisting of a variety of investment vehicles that are subject to interest rate trends, market volatility, and other economic factors. Our estimates as to tax rate are based on current interpretations of existing tax law and could be affected by changing interpretations, further guidance, and additional tax legislation. Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Form 10-K and subsequent Forms 10-Q, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. About Autodesk The world's designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings we live and work in, to the cars we drive and the bridges we drive over. From the products we use and rely on, to the movies and games that inspire us. Autodesk's Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnything Autodesk uses its investors.autodesk.com website as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings and public conference calls and webcasts. Autodesk, AutoCAD, AutoCAD LT, BIM 360 and Fusion 360 are trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and service offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document. © 2024 Autodesk, Inc. All rights reserved. SOURCE Autodesk, Inc.
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FROM Caspering to throning, the language of love can be difficult to understand. Whether you are playing the field or hunting for The One, we translate the dating dictionary’s newest entries . . . 6 Having fun with your partner as the temperature tumbles? Not if 'sledging' is part of your lingo of love Credit: Getty 6 Throning sees one party dating to boost their social status and reputation Credit: Getty SLEDGING: Beware of this as the temperature drops. Sledging sees people dragging out relationships they are no longer interested in just for the convenience of a festive fling. Come spring, they will be gone. THRONING: If someone dates for social status and to boost their reputation rather than love, they are guilty of throning. READ MORE ON GEN Z DATING SNOW WAY! Warning over 'sledging' trend that could ruin your love life this winter BUFF FOR LOVE From waxes to pumping iron, how Gen Z singles prepare for 1st dates revealed WOKEFISHING: A cousin of catfishing, wokefishing is when someone pretends to be socially conscious to attract a partner. If your dating bio has hashtags like #EcoWarrior but your recycling bin is always empty, this is aimed at you . . . POCKETING: This is when you are kept hidden from your partner’s social circle. If you have not met their family and do not hang out with their friends, you are being pocketed. Most read in Fabulous ZAR-AAH! ‘Xmas party outfits we can afford’ cries shopper after finding Zara sale shop HEATED ROW Bonnie Blue slammed for saying men have 'right' to cheat in heated debate WEIGH TO GO My husband feels like he's having an affair with a new woman after I shed 12st TOUGH LUCK I’m single mum & I’m refusing to host Christmas this year - it’s exhausting It could be a sign they do not see a future with you, or they are seeing someone else. CASPERING: Ghosting, but friendlier — like that loveable movie ghost. Instead of suddenly disappearing, your date will send sporadic replies and vague excuses until the connection slowly fizzles. We're Gen Z and hate working, quit every job and live with mums REVENANTING: Just when you think they are gone for good and you have moved on, they return. They might offer some sort of an apology or excuse to win your over, or they will assume you are happy to pick up where you left off. 6 Collabor-date and enjoy a creative partnership, blending love and likes into one photo-genic package Credit: Getty COLLABOR-DATING: For Gen-Z singletons , dating and content creation go hand in hand. And collabor-dating is not just about meeting someone you fancy, it is about bonding over shared projects, such as creating playlists or making TikToks. Every date becomes a creative partnership, blending love and likes into one photo-genic package. 6 Singer Tinashe inspired freak matching Credit: Getty FREAK MATCHING: Inspired by singer Tinashe’s viral TikTok track Nasty, it is less dirty than it sounds. Freak matching is connecting with someone over your shared quirks and unique interests. In 2025, it is less about fitting a mould and more about showing your true — weird — self. 6 A cropped photo here, a hand-hold there — shadow phasing can help a couple quietly build a stronger connection away from their screens Credit: Getty SHADOW PHASING: In the early stages of a relationship, shadow phasing is when someone hints at their new partner on social media without going fully public. They will share glimpses — a cropped photo here, a hand-hold there — while the couple quietly build a stronger connection away from their screens. FLEX DATING: Gen Z are all about keeping things casual but impactful, and Flex meet-ups are the ultimate way to fit dating into their busy lives. Read more on the Scottish Sun REY-LY EXCITING US pop superstar announces first Scots show in almost 10 years BALLSED UP Lorraine apologises on air for using phrase she 'didn't know' was a swear word Think of quick, last-minute hangouts with a shared goal, like a workout, grabbing a smoothie or running an errand. These spontaneous dates let singles get to know each other without over-committing. 6 These spontaneous flex dates let singles get to know each other without over-committing Credit: Getty Top reasons for sledging: To have someone to have sex with (60%) To have someone to cuddle with when it’s cold (50%) To avoid feeling lonely in this magical time of year (40%) To avoid answering questions about being single (30%) To have someone to bring to Christmas and New Year’s parties (20%)Sean 'Diddy' Combs denied bail by third judge as he awaits sex trafficking trial
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Steam Turbine Market: Current Trends, Future Growth, and Key Insights 11-30-2024 10:40 AM CET | Advertising, Media Consulting, Marketing Research Press release from: Report Prime Market Research The global steam turbine market has witnessed consistent growth in recent years and is projected to continue its upward trajectory in the coming decades. The demand for steam turbines across various sectors such as power generation, industrial applications, and others has fueled the market's expansion. This article provides a comprehensive analysis of the steam turbine market, its growth prospects, key market players, and trends shaping the industry. Market Overview The steam turbine market size was valued at approximately 16.47 billion USD in 2023 and is projected to reach 16.97 billion USD in 2024, with a steady CAGR of 2.87% from 2024 to 2030, bringing the market size to an estimated 20.75 billion USD by 2030. These projections highlight the steady growth potential of the steam turbine industry in the next few years. The steady increase in market value can be attributed to the growing demand for power generation and industrial processes that rely on steam turbines for energy efficiency and performance. Key Market Segments The steam turbine market is primarily segmented into two types: Condensing Steam Turbines and Non-Condensing Steam Turbines, and several key applications that drive demand for steam turbines across regions. These segments will be explored in detail to understand the dynamics of the market. 1. Type-Based Segmentation Condensing Steam Turbines: These turbines operate at very high efficiency levels by utilizing the condensate (exhaust steam) in a vacuum to generate electricity. They are commonly used in large-scale power plants and are known for their efficiency in power generation. Non-Condensing Steam Turbines: These turbines are designed for lower-efficiency operations where the exhaust steam is not condensed, making them more suitable for smaller plants or specific industrial applications where efficiency is less critical. 2. Application-Based Segmentation Power Generation: The largest segment in the steam turbine market, power generation applications, account for the majority of demand. The global transition towards renewable energy, along with the need for efficient and reliable power generation, has driven the demand for steam turbines. Power plants, especially those using fossil fuels or nuclear energy, rely heavily on steam turbines for converting thermal energy into mechanical energy. Industrial Applications: Steam turbines are also widely used in industrial settings for driving mechanical processes, such as in refineries, chemical industries, and manufacturing plants. These turbines help in driving compressors, pumps, and other machinery, making them an essential component in many industrial operations. Others: This category includes smaller, specialized applications of steam turbines, such as in district heating systems and certain specialized power applications. Key Drivers of Market Growth Several factors are contributing to the steady growth of the steam turbine market. These drivers are shaped by advancements in energy production, environmental regulations, and technological innovations. 1. Growing Demand for Energy: The rising global population and industrialization, especially in emerging economies, are driving an increased demand for energy. Steam turbines, being a reliable and efficient method of power generation, are vital to meeting this growing energy need. Power plants, particularly in developing regions, are increasingly relying on steam turbines for electricity production. 2. Technological Advancements: Over the years, the steam turbine industry has benefited from advancements in technology, which have significantly improved the efficiency, durability, and cost-effectiveness of turbines. This has made steam turbines even more attractive for power generation and industrial applications. 3. Transition to Clean Energy: As countries across the world are shifting towards cleaner sources of energy, the use of combined cycle gas turbine plants and waste-to-energy projects are becoming more common. Steam turbines play an important role in these clean energy initiatives, enhancing the operational efficiency of these systems. 4. Renewable Energy Integration: The integration of renewable energy sources, such as solar and wind, into the power grid requires energy storage and backup power solutions. Steam turbines are used in combined cycle plants, which offer a more sustainable way to generate energy by combining renewable sources with thermal power generation. Steam Turbine Market- https://www.reportprime.com/steam-turbine-r18634 Sports Analytics Market- https://www.reportprime.com/sports-analytics-r11564 Specialty Chemicals Market- https://www.reportprime.com/specialty-chemicals-r12044 Social Media Analytics Market- https://www.reportprime.com/social-media-analytics-r11617 Baling Twines Market- https://www.reportprime.com/baling-twines-r16 Chiller Unit Market- https://www.reportprime.com/chiller-unit-r19983 Electric Bus Charging Infrastructure Market- https://www.reportprime.com/electric-bus-charging-infrastructure-r51 Injection Molded Plastics Market- https://www.reportprime.com/injection-molded-plastics-r19963 Methanol Market- https://www.reportprime.com/methanol-r20009 Key Market Players Several companies dominate the global steam turbine market, each contributing to the growth and innovation in this sector. Key players in the market include: General Electric (GE): A leading player in the energy sector, GE provides steam turbines that cater to power generation plants, oil refineries, and industrial applications. Siemens: Known for its innovative technology, Siemens offers a wide range of steam turbines used in power generation and other industrial applications. Dongfang Electric Corporation (DEC): Based in China, DEC is a major player in the manufacturing and supply of steam turbines, especially for power generation plants. Shanghai Electric: Specializing in the production of large-scale steam turbines for both conventional and renewable energy plants, Shanghai Electric has a strong foothold in the global market. Harbin Turbine Company Limited: A major manufacturer of steam turbines, especially in the Asia-Pacific region, Harbin Turbine has become a prominent player in the industry. Mitsubishi Hitachi Power Systems (MHPS): Known for providing high-efficiency steam turbines used in power plants worldwide. MAN Power Engineering: This company is engaged in the design, manufacture, and supply of steam turbines for power generation and industrial applications. Fuji Electric: A significant player in the steam turbine market, providing solutions for both power generation and industrial applications. Other notable players include Elliott Group, Doosan, Ansaldo Energia, Kawasaki, Power Machines, Toshiba, and Ansaldo. These companies continually invest in research and development to enhance the performance and efficiency of steam turbines, making them critical to meeting the growing energy demands and industrial needs worldwide. Regional Analysis The steam turbine market is geographically diversified, with key regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Each region has its own growth drivers and challenges that impact the steam turbine market. 1. North America: North America remains one of the largest markets for steam turbines, driven by the demand for power generation, especially in the United States and Canada. The region has a strong industrial base, with many chemical and manufacturing plants that require steam turbines for mechanical drives. 2. Europe: Europe has seen a steady demand for steam turbines in the power generation sector, particularly in the United Kingdom, Germany, and France. The region's focus on renewable energy integration has also positively impacted the market for combined-cycle plants, which use steam turbines to enhance energy efficiency. 3. Asia-Pacific: Asia-Pacific is expected to dominate the steam turbine market in terms of growth, driven by rapid industrialization and growing energy needs, particularly in countries like China, India, and Japan. The increasing investments in power generation infrastructure, particularly in renewable energy projects, will continue to drive the demand for steam turbines in this region. 4. Latin America: Latin America is seeing growing energy demand, particularly in Brazil and Mexico, where power generation is becoming a critical priority. Steam turbines are also increasingly being deployed in industrial sectors in these regions. 5. Middle East & Africa: The Middle East and Africa region has traditionally been a strong market for steam turbines due to the demand for oil and gas production. However, the region is also gradually transitioning towards renewable energy, which is further expanding the application of steam turbines. Challenges Facing the Market Despite the robust growth prospects, the steam turbine market does face certain challenges that could impact its future performance. These include: High Initial Costs: Steam turbines can be expensive to purchase and install, particularly for large-scale power plants. This might limit adoption in some developing economies, where the initial investment may be prohibitive. Environmental Concerns: The environmental impact of traditional thermal power plants, which use steam turbines, continues to be a concern. As countries move towards cleaner, greener energy solutions, the reliance on fossil fuels may decrease, potentially affecting the demand for steam turbines in thermal power plants. Competition from Alternative Technologies: Newer energy generation technologies, such as gas turbines and renewable energy sources, may offer better efficiency and environmental performance compared to traditional steam turbines. This could result in a shift in market demand. Conclusion The steam turbine market is poised for steady growth over the next several years, with an increasing focus on power generation and industrial applications. As the global demand for energy rises and technological advancements continue, steam turbines remain a critical component of energy infrastructure worldwide. With key players such as General Electric, Siemens, and Mitsubishi Hitachi Power Systems leading the charge, the market will likely experience sustained innovation and expansion. However, challenges such as high initial costs and the transition to cleaner energy solutions will continue to shape the dynamics of this sector in the coming years. The future of the steam turbine market looks promising, driven by increasing energy demands, advancements in technology, and the growing focus on efficient power generation. The global shift towards renewable energy and cleaner energy solutions will continue to provide opportunities for market growth, particularly in regions like Asia-Pacific and Latin America, where demand for energy is rapidly increasing. Browse More: Galvo Scanner Market- https://www.reportprime.com/galvo-scanner-r7247 Insurance Accounting Software Market- https://www.reportprime.com/insurance-accounting-software-r14457 Toothpaste Market- https://www.reportprime.com/toothpaste-r2930 Steam Turbine Market- https://www.reportprime.com/steam-turbine-r18634 Sports Analytics Market- https://www.reportprime.com/sports-analytics-r11564 Specialty Chemicals Market- https://www.reportprime.com/specialty-chemicals-r12044 Best Cast Iron Dosa Tawa- https://www.amazon.in/shop/human_hydro/list/1BF12ZKGYKP6M B 201, MK Plaza, Anand Nagar, Ghodbandar Road, Kasarvadavali, Thane, India - 4000615 We are premier market research firm that specializes in providing high-quality data and customized research solutions to businesses of all sizes This release was published on openPR.LAS VEGAS (AP) — A team that previously boycotted at least one match against the San Jose State women's volleyball program will again be faced with the decision whether to play the school , this time in the Mountain West Conference semifinals with a shot at the NCAA Tournament on the line. Five schools forfeited matches in the regular season against San Jose State, which carried a No. 2 seed into the conference tournament in Las Vegas. Among those schools: No. 3 Utah State and No. 6 Boise State, who will face off Wednesday with the winner scheduled to play the Spartans in the semifinals on Friday. Wyoming, Nevada and Southern Utah — which is not a Mountain West member — also canceled regular-season matches, all without explicitly saying why they were forfeiting. Nevada players cited fairness in women’s sports as a reason to boycott their match, while political figures from Wyoming, Idaho, Utah and Nevada suggested the cancellations center around protecting women’s sports. In a lawsuit filed against the NCAA , plaintiffs cited unspecified reports asserting there was a transgender player on the San Jose State volleyball team, even naming her. While some media have reported those and other details, neither San Jose State nor the forfeiting teams have confirmed the school has a trans women’s volleyball player. The Associated Press is withholding the player’s name because she has not publicly commented on her gender identity and through school officials has declined an interview request. A judge on Monday rejected a request made by nine current conference players to block the San Jose State player from competing in the tournament on grounds that she is transgender. That ruling was upheld Tuesday by an appeals court. “The team looks forward to starting Mountain West Conference tournament competition on Friday,” San Jose State said in a statement issued after the appeals court decision. “The university maintains an unwavering commitment to the participation, safety and privacy of all students at San Jose State and ensuring they are able to compete in an inclusive, fair and respectful environment.” Chris Kutz, a Boise State athletics spokesman, said in an email the university would not “comment on potential matchups at this time.” Doug Hoffman, an Aggies athletics spokesman, said in an email Utah State is reviewing the court’s order. “Right now, our women’s volleyball program is focused on the game this Wednesday, and we’ll be cheering them on,” Hoffman wrote. San Jose State, which had a first-round bye, would be sent directly to the conference title game if Utah State or Boise State were to forfeit again. If the Spartans make the title game, it's likely the opponent would not forfeit. They would face top-seeded Colorado State, No. 4 Fresno State or No. 5 San Diego State — all teams that played the Spartans this season. The conference champion receives an automatic bid to the NCAA Tournament. AP college sports: https://apnews.com/hub/college-sports
Aircraft Generators Market Powering Aviation Systems with Reliable Energy Solutions 11-23-2024 12:43 PM CET | Industry, Real Estate & Construction Press release from: SkyQuest Technology Group Aircraft Generators Market In recent years, the global Aircraft Generators Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Aircraft Generators Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis. Discover Your Competitive Edge with a Free Sample Report @ https://www.skyquestt.com/sample-request/aircraft-generators-market This Aircraft Generators Market report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future. Production and consumption patterns are being carefully compared to forecast the Aircraft Generators Market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth. The Aircraft Generators Market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. To determine the growth of the Aircraft Generators Market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns. Market Segmentation: Current type AC Generators and DC Generators Aircraft type Fixed wing and Rotary wing Key Players Covered in the Report: Honeywell International Inc. (US) Dayton-Granger, Inc. (US) Chelton Limited (UK) Lockheed Martin Corporation (US) The Boeing Company (US) Haigh-Farr, Inc. (US) L3 Harris Technologies, Inc. (US) HEICO Corporation (US) Cobham Aerospace Communications (UK) R.A. Miller Industries (US) Sensor Systems, Inc. (US) HR Smith Group of Companies (UK) Collins Aerospace Systems (US) Astronics Corporation (US) Diehl Stiftung & Co. KG (Germany) To establish the important thing traits, Ask Our Experts @ https://www.skyquestt.com/speak-with-analyst/aircraft-generators-market Essential regions of the Aircraft Generators market are: • Aircraft Generators North America Market includes (Canada, Mexico, USA) • Aircraft Generators Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia) • Aircraft Generators Asia-Pacific Market includes (China, Japan, India, South Korea, Australia) • Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa) • Aircraft Generators South America Market includes (Brazil, Argentina) FAQs: - 1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)? 2. Who are the major manufacturers who dominate the world market? 3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels? 4. What are the market's risks and opportunities? What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Aircraft Generators industry. Take Action Now: Secure Your Aircraft Generators Market Today - https://www.skyquestt.com/buy-now/aircraft-generators-market Objectives of the Study: • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges) • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market Looking ahead, the Aircraft Generators Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Aircraft Generators Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors. Browse Complete Report Aircraft Generators Market 2024 for Better Understanding - https://www.skyquestt.com/report/aircraft-generators-market Table of Contents Global Aircraft Generators Market Research Report 2024-2031 Chapter 1 Aircraft Generators Market Overview Chapter 2 Global Economic Impact on Industry Chapter 3 Global Market Competition by Manufacturers Chapter 4 Global Production, Revenue (Value) by Region Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions Chapter 6 Global Production, Revenue (Value), Price Trend by Type Chapter 7 Global Market Analysis by Application Chapter 8 Manufacturing Cost Analysis Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers Chapter 10 Marketing Strategy Analysis, Distributors/Traders Chapter 11 Market Effect Factors Analysis Chapter 12 Global Aircraft Generators Market Forecast ... About Us: SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology. We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific. Contact Us: SkyQuest Technology 1 Apache Way, Westford, Massachusetts 01886 USA (+1) 351-333-4748 Email: sales@skyquestt.com Visit Our Website: https://www.skyquestt.com/ This release was published on openPR.Amorim sets ‘focus’ on ‘improving’ Rashford as he’s ready to ‘forget’ explosive interview by Man Utd forward