Human Machine Interface (HMI) Market worth $7.3 Bn by 2027, at a CAGR of 8.1%

 

The report "Human Machine Interface (HMI) Market by Product (Hardware (Basic HMI, Advanced PC Based HMI, Advanced Panel Based HMI) and Software(On Premise HMI and Cloud Based HMI), Configuration (Embedded HMI, Standalone HMI) and Region - Global Forecast to 2027" The global HMI market size is estimated to be USD 4.9 billion in 2022 and is projected to reach USD 7.3 billion by 2027, at a CAGR of 8.1%. Increasing number of government initiatives to promote the adoption of operational technologies and rapidly growing adoption of industrial automation in the manufacturing processes are major factors driving the growth of the HMI market. Additionally, growing demand for safety compliance automation solutions is another key driver for the market.

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HMI software to grow at the highest CAGR during the review period.

Offline deployment provides a high degree of security and safety for the data as the entire infrastructure required for HMI solutions is deployed at the user’s premises. It also offers a stable production environment, as it gives full control over software updates and other technical complications. Small enterprises prefer cloud-based HMIs over on-premise solutions as they require a low initial cost compared to on-premise HMI solutions. Increasing efficiency of production processes and improved reliability are key advantages of HMI software.

Embedded HMI held the largest share and is projected to grow at the highest CAGR during the review period.

Embedded HMIs are combined with more powerful hardware and software platforms to use the device capabilities to their fullest extent. Furthermore, a connected embedded platform is a part of an intelligent system; it is connected to a network that enables easy communication between 2 machines and provides easy access to an operator. Embedded HMIs improve energy efficiency and can be easily deployed as they occupy much less space as compared to traditional HMIs.

Oil & gas held the largest share of the process industry segment in 2021.

The supply chain of the oil and gas industry, from exploration through delivery, accommodates various automated technologies, including HMI solutions. In addition, stringent government regulations pertaining to safety in oil and gas, along with the need to drive down costs, fuel the adoption of HMIs in the industry. Environmental conditions in oil and gas plants are very harsh, which makes rugged HMIs well-suited for applications in the oil and gas industry.

Automotive held the largest share and is projected to grow at the highest CAGR during the review period.

Increasing demand for automotive in developing countries, technological innovations in the automotive industry, such as electric cars, fuel-efficient cars, connected cars, and growing competition in the market, are expected to drive the HMI market for the automotive industry. Technological progress, such as the development of new software solutions with advanced capabilities, brings more functionality, ease of use, and lower cost of automation products, which have further led to the evolution of HMI software offering, thereby increasing their adoption in  the automotive sector.

North America held the largest share in 2021 and Asia Pacific is projected to grow at the highest growth rate during the review period.

The industrial, automotive, power, oil & gas, pharmaceutical, and healthcare sectors are integrating HMI with data analytics to improve performance and reduce overall operational costs, which is promoting the growth of the HMI market in North America. In addition, the presence of major players in the region provides unprecedented leverage for the growth of the HMI market. The major factors driving the growth of the HMI market in Asia Pacific include continuous advancements and technological innovations in various industries; economic development in China, Japan, and India; escalating infrastructural developments in India and other countries in Southeast Asia; and increasing foreign investments in the region.

Major companies operating in the HMI market include Rockwell Automation Inc. (US), ABB (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Honeywell International Inc. (US), Advantech Co., Ltd. (Taiwan), Emerson Electric Co. (US), General Electric Co. (US), Mitsubishi Electric Corporation (Japan), and Yokogawa Electric Corporation (Japan).

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IO-Link Market worth $33.9 Bn by 2028, at a CAGR of 20.0%

The report "IO-Link Market by Type (IO-Link Wired, IO-Link Wireless), Component (IO-Link Masters, IO-Link Devices), Industry (Process Industries, Hybrid Industries), Application (Machine Tools, Intralogistics Solutions) and Region - Global Forecast to 2028" The IO-Link market is projected to reach USD 33.9 billion by 2028 from an estimated USD 13.6 billion in 2023, at a CAGR of 20.0% from 2023 to 2028. The rise in demand for IO-Link solutions can be attributed to rising demand for industry 4.0 and growing demand for remote configuration, monitoring, and maintenance.

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IO-Link wired segment to propel market growth during forecast period.

IO-Link wired is used in automated production in industrial environments for linking sensors and actuators. It supports a master–slave configuration with passive connection points, which further reduces wiring requirements. IO-Link wired communication offers transmission of three different data types: service data, process data, and event data. Owing to this, the IO-Link wired segment is expected to account a larger market share of the IO-Link market in 2028.

IO-Link devices segment is expected to dominate IO-Link market in 2028

In 2028, the IO-Link devices segment is expected to dominate the IO-Link market. IO-Link devices refer to intelligent sensors or actuators such as converters, device circuit breakers, I/Os, safety relays, and motor starters connected to a system. IO-Link makes it possible to drive industrial communication from the lowest level of automation—the sensor level. A device has identification data, e.g., type designation, serial number, or parameter data, that is readable over the IO-Link protocol. In addition, IO-Link devices can supply detailed diagnostics data that can be used for preventive maintenance and servicing.

In 2028, discrete industries segment to account largest share of IO-Link market

The discrete industries segment is expected to account the largest share of the IO-Link market in 2028. Discrete manufacturing involves parts and systems such as nuts and bolts, brackets, wires, assemblies, and individual products. A discrete product at the end of its life cycle can be broken down into its components, which can be recycled. Discrete manufacturers use a bill of materials (BOM), and production follows a route, e.g., an assembly line. Discrete manufacturers use automation systems to operate and control motors, robots, and conveyors. Increasing global competition and growing consumer demand encourage discrete manufacturers to improve their production quality and reduce operational costs.

The handling and assembly automation segment to dominate IO-Link market in 2028

Handling and assembly processes are strongly influenced by the products being manufactured in a plant and require flexibility and openness to develop and implement individual processes. The increasing complexity of products and the growing need to run multiple products on the same line have increased the pressure on manufacturers. Hence, IO-Link, being a serial communication standard and capable of connecting valves and RFID read heads, is gaining traction in the market for the smooth operation of handling and assembly processes. Some of the benefits offered by IO-Link in the handling and assembly automation include simplified connection of RFID read heads, valve terminals, and standard sensors; modular construction of equipment; easy electrical connection; and reduction of resources required. Thus, the handling and assembly automation segment to dominate the IO-Link market in 2028.

Europe likely to hold largest share of IO-Link market during forecast period

Europe is likely to account the largest share of the IO-Link market during the forecast period. The region focuses on developing highly advanced connected cars and autonomous vehicles, thereby accelerating the demand for IO-Link solutions. The region produces a large number of motor vehicles, aerospace parts, and robots. Thus, the robots manufacturing industry and aerospace industry are an integral part of Europe’s economy. These industries help the IO-Link market to grow rapidly. Also, the region houses leading players in the IO-Link market, such as Siemens AG, Balluff GmbH, ifm electronics GmbH, and SICK AG.

Siemens AG (Germany), Rockwell Automation, Inc. (US); OMRON Corporation (Japan); Hans Turck GmbH & Co. KG (Germany); Balluff GmbH (Germany); ifm electronic GmbH (Germany); Pepperl+Fuchs (Germany); SICK AG (Germany); Festo SE & Co. KG (Germany); SMC Corporation (Japan) are some of the key players in the IO-Link market.

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Industrial Services Market expected to reach $44.1 Bn, at a CAGR of 5.6%

 

According to the new market research report "Industrial Services Market with COVID-19 Impact by Type (Engineering & Consulting, Installation & Commissioning, Operational Improvement & Maintenance), Application (MES, Motors & Drives, DCS, HMI, PLC), Industry, and Region - Global Forecast to 2025" The industrial services market size is estimated to be USD 33.6 billion in 2020 and is projected to reach USD 44.1 billion by 2025, at a CAGR of 5.6% between 2020 and 2025. The rising necessity for operational excellence, growing demand for predictive maintenance services, and increasing demand for maintenance-as-a-service are major factors driving the growth of the industrial services market. Additionally, increasing equipment complexity leading to a growing need for calibration and repair services is another key driver for the market.

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Operational improvement & maintenance services to grow at the highest growth rate during the forecast period

The operational improvement and maintenance services help the end users improve the assets lifecycle and reduce downtime. The complete suite of operational improvement and maintenance services segment can be further divided into a broad spectrum of services, including scheduled maintenance, ad-hoc and emergency maintenance, and predictive maintenance services. Ad-hoc and emergency maintenance services help end users reduce unplanned downtime by providing a control system expert for fast and efficient onsite support. Scheduled maintenance services assist the process & discrete industries in monitoring the operational equipment—the services provide up-to-date maintenance of filed devices, software, and plant. Predictive maintenance services help end users decrease unplanned downtime by monitoring installed devices and systems continuously.

Industrial 3D printing to grow at the highest growth rate during the forecast period

Industrial 3D printing is used in major industries such as automotive, aerospace, food & beverages, electrical/electronics, and foundry and forging industries. Manufacturing tools is an expensive and time-consuming process, but it can be simplified using industrial 3D printing tools. The highly complex designs can be easily manufactured using 3D printing, thereby eliminating the requirement of an assembly line. It also reduces the labor cost. As the potential applications for 3D printing increase, companies are beginning to create new business models and opportunities with the technology.

Food & beverages industry is expected to register the highest CAGR during forecast period

Besides rising costs, the food & beverages industry faces other challenges such as regulatory compliance, management of the global supply chain, product quality, and continuous process improvement. There is a strong demand for processed food from the emerging markets owing to the burgeoning population and increasing food consumption worldwide. These challenges are overcome using SCADA, PLC, DCS, and MES systems to enhance productivity, save resources, minimize downtime, and maintain adherence to regulatory compliances.

The industrial services market in Asia Pacific is expected to grow significantly from 2020 to 2025

The growth in Asia Pacific is mainly attributed to the increasing adoption of industrial automation and related services in China, Japan, and India. With the growing trend of cloud connectivity in Asia, industries would adopt Industrial Internet of Things (IIoT)-based remote monitoring and predictive maintenance services. The downstream sector of Chinas oil & gas industry is undergoing remarkable developments and reformation to modernize refineries, fueling the demand for machine safety systems. The adoption of automation solutions in the manufacturing industries in India is increasing significantly. In addition, the growing number of power projects to meet the rising demand for electricity in India has provided momentum to implement machine safety systems such as burner management and fire and gas systems at plant locations. The need for quality control, worker safety, and improved productivity is also boosting the market for automation services in countries such as South Korea, Malaysia, Taiwan, Australia, and Singapore.

Major players in the industrial services market are ABB (Switzerland), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International (US), Schneider Electric (France), Rockwell Automation, Inc. (US), Siemens (Germany), Yokogawa Electric Corp. (Japan), Mitsubishi Electric Corporation (Japan), Metso Corporation (Finland), and Samson AG (Germany).

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SCADA Market Worth $ 14.2 Bn by 2027, at a CAGR of 7.8%

 

According to the new market research report "SCADA Market by Offering (Hardware, Software, Services), Component (Programmable Logic Controller, Remote Terminal Unit, Human-Machine Interface), End User (Process Industries, Discrete Manufacturing, Utilities) and Region - Global Forecast to 2027" The global SCADA market size is anticipated to grow from USD 9.8 billion in 2022 to USD 14.2 billion by 2027, at a CAGR of 7.8% from 2022 to 2027. Accelerating deployment of AI and IoT across manufacturing industries and growing smart city projects for infrastructure and transportation development are some of the major factors which are posed to support growth of SCADA market.

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Discrete Manufacturing industry segment to grow at the highest CAGR during the forecast period.

The discrete manufacturing ecosystem uses SCADA systems to ensure that the production targets are met, and systems run swiftly. A SCADA system tracks the units that are being produced and in various stages of completion. SCADA systems manage inventories for just-in-time manufacturing, regulate industrial automation and robots, and monitor processes and quality control functions. Hence, SCADA provides a platform for creating advanced, integrated, and secure solutions that deliver real value to manufacturing processes. Increasing demand for such modern SCADA systems is expected to drive the market for SCADA.

Software segment to grow at the highest CAGR in SCADA market during the forecast period.

SCADA software is the backbone of a SCADA system. The software system provides trending, diagnostic data, information and performs the task of monitoring and analysing the data that is further useful to the system for communicating the system issues to the operator to lower the downtime. The main advantages of software offering are the storage of real-time data, continuous system monitoring, alarm checking, and management of confidential data. SCADA software help the operator enhance the workflow, assist in faster decision-making, reduce errors, identify the cause of a problem, and improve plant operations.

China to account for a significant market share of Asia Pacific from 2022 to 2027.

China is a manufacturer, as well as a key exporter, of several consumer electronics and telecom products; this has generated huge growth opportunities for SCADA market players in the country. China is the fastest-growing economy in Asia Pacific and globally. Its manufacturing sector is challenged by the need to increase production without compromising on quality. Manufacturers and suppliers in the country are facing challenges of increasing labor costs and higher lead times due to the manual processes involved, which are driving demand for automated equipment and SCADA systems.

Rockwell Automation (US), Schneider Electric (France), Emerson Electric (US), Siemens (Germany), and ABB (Switzerland) are the top five players in the SCADA market globally.

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$22.7 Billion Submarine Cable Systems Market the Present and Future of Power Cables

 

The report "Submarine Cable Systems Market by Application (Communication Cable and Power Cable), Component (Dry Plant Products and Wet Plant Products) Offering, Voltage, Type (Single Core and Multicore), insulation, End User and Geography - Global Forecast to 2026",is projected to grow from USD 13.8 billion in 2021 to USD 22.7 billion by 2026 it is expected to grow at a CAGR of 10.5%from 2021 to 2026.

Submarine cable systems are communication cables laid on the ocean floor for the purpose of transmitting data between different parts of the world. These cables are used to connect continents, countries, and islands, and they carry voice, data, and video traffic over long distances. Submarine cable systems are critical to global communication networks, and they play a vital role in enabling international trade, finance, and social connectivity.

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The key factors fueling the growth of the market include increasing penetration of internet and collaboration among tier-1 vendors, expanding offshore wind power capacity, growing demand for bandwidth due to emergence of 5G, and increasing network of submarine power cable systems. Moreover, increasing investments by content delivery and streaming partners to create abundant opportunities in pacific region.

The power cables segment is projected to hold a larger share of the submarine cable systems market from 2021 to 2026 and is projected to grow at a higher CAGR than the communication cables segment during the forecast period.

The ongoing and proposed offshore wind capacity installations in many countries and the increased demand for intercountry & island connections are the key factors driving the growth of the power cables segment. The increasing demand for renewable energy from islands, coupled with the disproportional costs of maintaining local electricity production plants, has led to increased demand for laying power cables to transfer electricity from the mainland to the islands. Thus, the requirement to connect new renewable sources of energy to the main grids to ensure a reliable and continuous supply of power to isolated islands is fueling the demand for submarine power cables globally.

The Resin Impregnated Synthetics (RIS) segment of the submarine cable systems market is expected to grow at the highest CAGR during the forecast period.

RIS is the most recent technology in the market. It is similar to resin-impregnated paper technology, except that the bushings core is coiled using synthetic textiles instead of traditional paper as a spacer between the capacitive layers. They also have the same great fire-resistance, explosion-proof properties, and other benefits as typical dry/RIP bushings. Hitachi Energy is one of the prominent suppliers of RIS-insulated submarine cables.

The offshore wind power generation segment of submarine cable systems market is expected to hold the biggest market share in 2026 alongside growing at the highest CAGR during the forecast period.

The GWEC expects an increase in offshore wind power installations in Asia during the forecast period, followed by North America. According to GWEC, the annual global offshore installations are expected to reach 6 GW or more soon.

Asia Pacific region is expected to hold the largest share in the market during the forecast period.

Increasing government spending across countries including China and Korea to proliferate the demand for submarine power cable systems market.

The key players operating in the submarine cable systems market include Alcatel-Lucent Enterprise (France), SubCom LLC (US), NEC Corporation (Japan), NEXANS (France), and Prysmian Group (Italy).

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Infrared Detector Market Poised to Surpass $619 Mn by 2026

 

According to the new market research report "Infrared detector Market with COVID-19 Impact Analysis by type (MCT, INGaas, Pyroelectric, Thermopile, microbolometer), Technology (Cooled and Uncooled ), Wavelength (NIR & SWIR, MWIR, LWIR), Application, Vertical and Geography - Global Forecast to 2026", The overall Infrared detector market is expected to grow from USD 446 million in 2021 to USD 619 million by 2026, at a CAGR of 6.8%. An infrared detector is an electronic device used to detect infrared radiation by sensing the surrounding environment. Infrared detectors have the ability to detect a range of wavelengths in the infrared spectrum, typically between 0.7 ìm and 1 ìm. The market offers a variety of infrared detectors, including mercury cadmium telluride (MCT/HgCdTe), indium gallium arsenide (InGaAs), microbolometer, pyroelectric, and thermopile infrared detectors. These detectors are commonly used for various purposes such as people and motion sensing, temperature measurement, security and surveillance, gas and fire detection, as well as spectroscopy and biomedical imaging in both industrial and non-industrial settings.

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A few key infrared detector market players are Excelitas Technologies (US), Hamamatsu Photonics (Japan), Murata Manufacturing (Japan), FLIR Systems, Inc. (US), Texas Instruments (US), Nippon Ceramic (Japan), Omron Corporation (Japan), and Lynred (France).

Pyroelectric Type Dominates the Infrared Detector Market with the Largest Share

This segment is expected to hold its dominating position during the forecast period. People and motion sensing is the key application area of pyroelectric infrared detectors. Every object or substance emits some radiant energy, known as infrared radiation, which can be detected by infrared detectors. Pyroelectric infrared detectors use passive infrared (PIR) technology, which can detect the amount of infrared radiation radiated from an object/substance. These detectors can also identify the changes in the amount of radiation, which depends on the change in temperature of the object. Passive infrared detector devices do not generate or radiate any energy for detection. PIR-based motion detectors are used to sense the movement of people, animals, objects, and substances. Excelitas Technologies (US), Nippon Ceramic (Japan), and Murata Manufacturing (Japan) are some of the key manufacturers of pyroelectric infrared detectors.

The market for people and motion sensing application to grow at the highest CAGR during the forecast period

Infrared detectors are used in people and motion sensing applications for detecting the movement of an object or human beings. People and motion sensing devices are widely used in retail stores, stadiums, shopping malls, and museums for counting the number of people entering and leaving the particular space and observing their movements. Besides, these detectors are also increasingly being used in commercial and residential infrastructure for building automation and increasing safety. For instance, infrared sensors are being used in smart lighting systems for presence detection, which enables the lights to be switched on and off automatically after detecting the presence of any living being. Another example of the application of infrared detectors in buildings is their use in security systems. Security systems use infrared detectors or sensors to identify thieves and robbers. Infrared detectors are fixed on the side of windows. These detectors raise the alarm when a person is detected at the window. A pulse is transmitted by the infrared detector, which is transferred to the alarm system to raise the alert. Passive infrared sensors (PIR), also known as pyroelectric sensors, are commonly used for people and motion sensing application. Automotive is another emerging segment where infrared detectors are used for people detection.

North America to hold the largest share of Infrared detector market

The infrared detector market in North America has been further classified into the US, Canada, and Mexico. The regional market growth is dominated by major companies such as Excelitas Technologies (US), Texas Instruments (US), Honeywell International (US), and FLIR Systems (US). These companies are striving to expand their presence in emerging markets such as APAC. Prominent companies in the infrared detector market are also acquiring, collaborating, and partnering with companies from various industries such as automotive and military & defense to broaden their product portfolio and expand their presence. For instance, in October 2019, FLIR Systems (US) partnered with Veoneer (US), a tier-one automotive supplier, to provide thermal sensing technology for use in Veoneer’s self-driving cars.

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Collaborative Robot Market Worth $9.2 Bn by 2028, at CAGR 41.5%

 

The report "Collaborative Robot Market by Component, Payload (Up to 5 Kg, 5-10 Kg, and Above 10 Kg), Application (Handling, Processing), Industry (Automotive, Electronics, Healthcare, Furniture & Equipment) and Geography - Global Forecast to 2028" The global collaborative robot market is projected to grow from USD 1.1 Billion in 2022 to USD 9.2 Billion by 2028, at a CAGR of 41.5% during the forecast period from 2022 to 2028. The growth of this market is driven by factors such as high return on investment as compared to the traditional industrial robotic system, increasing demand in the e-commerce and logistics industries due to contingency of COVID-19, cobots to benefit businesses of all sizes, and increased ease of programming of collaborative robots. However, higher preference for low payload capacity traditional industrial robots over cobots in heavy-duty industries restrain the growth of the collaborative robot market.

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Cobot robots with payload capacity up to 5 kg expected to hold the largest share of the market during the forecast period

Cobots with payload capacity up to 5 kg holds the largest market share and is expected to retain its position during the forecast period. First-time users prefer low payload capacity cobots, which are cheaper and take up less space than robots with higher payload capacity. For instance, COBOTTA, a cobot from DENSO Corporation (Japan), has an inherently safe design owing to its low weight and, therefore, does not require extensive use of sensors compared to higher payload cobots, thus keeping it more affordable. SAWYER and SAWYER Black Edition from Rethink Robotics GmbH (US) are both single arm cobots with a payload capacity of 4 kg and a maximum reach of 1,260 mm. These collaborative robots are equipped with the company’s proprietary software suite, Intera. Hence, they do not require a separate software interface.

Automotive industry Europe accounts for largest market share of collaborative robot market in 2021

The collaborative robot market in the automotive industry held the largest share, both in terms of the value and volume in 2021. Collaborative robots are not only being used by major car manufacturers, but also by numerous OEMs that supply automotive parts to these car manufacturers. Conventionally, traditional industrial robots have been employed by the automotive industry and auto-parts manufacturers to perform high-speed operations behind cages. But, in recent years, the focus of the automotive manufacturers is shifting toward light weighting, the trend of substituting heavy metal parts with plastic to reduce vehicle mass and create greater efficiency. For this purpose, plastic injection molding machines are used in the automotive industry, and these machines require constant tending. It is difficult to find labor for performing such monotonous and repetitive tasks. In such a case, collaborative robots are preferable as they can work in tandem with the workers on the lines and perform such operations with inept flexibility in different areas such as material handling, machine tending, performing test and inspection, and packing finished goods.

Europe accounts for second-largest market share of cobot market in 2021

Europe held the second-largest share of the collaborative robot market in 2021. Many of the early adopters of collaborative robots were from European countries. With the advent of Industry 4.0 in Europe, the manufacturing sector brought in collaborative robots to modernize and improve their production capabilities. SMEs in Europe are largely looking into automation to deploy collaborative robots to perform dirty and dangerous jobs. Polishing tasks, for example, are being done by collaborative robots, with workers performing the final inspection. Europe houses several key collaborative robot players such as Universal Robots A/S (Denmark) and KUKA AG (Germany). KUKA AG was one of the first manufacturers to offer cobots to the market, while Universal Robots has been the market leader for cobots for several years now.

Some of the key companies in the collaborative robot market include Universal Robots A/S (Denmark), FANUC Corporation (Japan), ABB (Switzerland), Techman Robot Inc (Taiwan), KUKA AG (Germany), Doosan Robotics Inc. (South Korea), Denso Corporation (Japan), Yaskawa Electric Corporation (Japan), AUBO (Beijing) Robotics Technology Co., Ltd (China), and Rethink Robotics GmbH (US), Omron Adept Technologies, Inc. (US), Franka Emika GmbH (Germany), etc.

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