Manufacturing

[New] Overall, IoT connected devices per capita grow from 4.47 in 2019 to 13.24 in 2030.
[New] Prices for lithium are expected to climb in two years, when shortages in the market caused by curtailed production and halted expansions start to emerge.
[New] Dow Jones expects the crop production report from the National Agricultural Statistics Service to estimate all wheat production at 1.859 bb in 2020, down from 1.920 bb a year ago.
[New] Only about 15% of North Sea assets have been decommissioned to date, but in the coming 5 years Rystad Energy expects an average of 23 assets to cease production annually.
[New] If the current pace of land degradation were to continue, it could reduce global food production by as much as 12% and increase the price of some commodities by as much as 30% during the period 2010-2030.
[New] Taking into account Saudi Arabia's commitment to cut oil production and using new oil price assumptions - $35 per barrel in 2020 and $45 in 2021 - the rating agency said that relative to last year, it expects the kingdom's revenues will drop by about 33% in 2020 and nearly 25% in 2021.
[New] The impact of the coronavirus outbreak on the global oil demand could see global oil and gas exploration and production companies lose a whopping $1 trillion this year in revenues.
[New] In the last 2-3 years, IoMT has majorly impacted the Healthcare Industry to such an extent that according to a study 87% of health organizations plan to adopt IoT technology by 2020.
[New] With the ability to transform industrial workspace as well as assisting in office floors, more acquisitions are predicted to occur in the robotics sector in the coming years.
[New] Oil demand is coming back even as industry analysts predicted that global oil production could collapse by the largest amount in history in the coming months.
[New] The Internet of Things (IoT) in Energy Market 2025 said that this market will grow at a Compound Annual Growth Rate of 11.8% during the forecast period.
[New] Europe's current offshore production is roughly 5 to 10% of the wind power supply that the International Energy Agency (IEA) and the European Union says Europe should reach by 2050 to meet its goals under the Paris Agreement.
[New] Global demands will be accompanied by 14 million traditional dairy farms shutting down production due to increased competitiveness and requirements for guaranteed milk quality and animal welfare.
[New] The outlook for dairy prices over the next year is dependent on to what extent production will continue to grow, as well as how long global demand will take to recover.
[New] An increasing number of devices are instrumented and connected to generate data and organizations this year will face pressure to utilize machine learning with IoT data to enable operational intelligence.
[New] By 2025, the number of deployed IoT devices will reach 25 billion 2 and generate over 79 zettabytes (ZB) of data 3.
[New] Clearly the role of Big Data in IoT will only continue to accelerate in the coming years, and organizations that deploy IoT systems will need to use foresight in deciding how to manage the massive amounts of data that will be generated.
[New] Global trade, including between China and Europe, is expected to see a dramatic slump in the first half of this year as the coronavirus pandemic causes shutdowns in production and sends global supply chains into disarray.
[New] The International Energy Agency estimates that aviation biofuel production was 15 million litres in 2018: To meet the 10% of consumption envisaged in sustainable development scenarios, production needs to reach 31 billion litres by 2030.
[New] The global 4D printing market is estimated to grow at a CAGR superior to 33.2% from 2020 to 2025, due to its rising demand on defense, aerospace and healthcare industries, mainly.
[New] The global IoT market size is expected to be worth some $949.42 Billion By 2025 with a CAGR of 29.4% and trend of processing the contextually rich and real-time data streams generated by IoT networks and sensors using machine learning and artificial intelligence is expected to drive growth.
[New] China National Offshore Oil Corp (CNOOC) will trim annual investment by 10% to 15% in 2020, while maintaining its goal of increasing domestic crude oil and natural gas production for the year.
[New] US oil production continues to decline as drillers shut - in wells and cut back spending: Rystad Energy predicts US oil production declines of roughly 2 million b/d by the end of June.

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Last updated: 31 May 2020