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Security Screening Market worth $13.2 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, March 4, 2024 /PRNewswire/ — The security screening market is valued at USD 9.4 billion in 2024 and is expected to reach USD 13.2 billion by 2029, growing at a CAGR of 7.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. The key factors contributing to the growth of the security screening market include increasing emphasis on modern security solutions to curb radiological attacks, and rising popularity of biometric security systems. Many organizations use biometric technology to control physical and logical access and reduce the risk of data theft. The IT industry is a key player in the growth of the biometrics market. Biometrics are commonly used in IT companies to control access, record employee attendance, and prevent theft or leakage of important information.

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Browse in-depth TOC on “Security Screening Market” 

179 – Tables
67 – Figures
275 – Pages

Security Screening Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 9.4 billion

Estimated Value by 2029

$ 13.2 billion

Growth Rate

Poised to grow at a CAGR of 7.1%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Technology, End Use, Application, Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Legal consequences due to false positives in security screening

Key Market Opportunities

Increased requirement for automatic explosive detection in airports

Key Market Drivers

Growing concern about terrorism and illegal immigration

 

The electromagnetic metal detection segment to grow at the fastest CAGR during the forecast period.

Metal detectors are used extensively in retail stores and malls owing to the high footfall of people in such places. Increasing illegal activities have led authorities to deploy a large number of metal detectors in retail stores and malls, as these establishments are easy targets for criminals. With the increase in passenger traffic at airports, railway stations, and other transit points, there has been a rise in the number of metal detectors used in transportation applications.

People screening segment holds the highest market share in 2023.

People screening has been one of the key uses of security screening systems at different places, such as airports, shopping malls, hotels and resorts, and corporate offices. Once reserved for access to secure areas, people screening has now become commonplace. People screening systems are deployed at airports, government offices, correction facilities, stadiums, movie theaters, and cruise ships. X-ray systems, metal detectors, body scanners, biometric systems, and spectrometry & spectroscopy solutions are commonly used for people screening. Continuous advancements in screening technologies, such as millimeter-wave scanners, full-body scanners, biometric identification systems, and artificial intelligence algorithms, have enhanced the accuracy and efficiency of screening processes. With the growth in international travel and the development of transportation infrastructure, there is a high need for efficient and effective passenger screening processes to ensure the safety and security of passengers at airports, ports, railway stations, and other transit hubs.

Transportation Sector segment to hold the largest share of market during forecast period.

The scope of the transportation sector encompasses crucial transit locations such as airports, seaports, rail stations, and bus stations, where a significant increase in global passenger traffic is anticipated by 2025. To ensure security at these sites, contraband detection systems such as metal detectors and X-ray scanners are extensively utilized. The transportation sector is expected to lead the security screening market during the forecast period. Security screening products such as metal detectors, X-ray screening systems, and biometric systems are installed on a large scale at airports, railway stations, and several other transit points. They help authorities scan passengers and their belongings and prevent illegal activities.

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North America to hold the largest share of the security screening market in 2023.

North America holds the leading position in the security screening market.  There is a massive opportunity for the security screening market in the aviation industry. The US, Canada, and Mexico are among the top 5 countries with the most airports. These three countries together have 16,694 airports. This increases the need to secure people and their belongings at airports. The need for personal security in developed countries and regions will always be high due to the high crime rate, smuggling, and threats of terrorism.

The security screening industry in North America is witnessing significant developments amidst rising concerns over illicit fentanyl smuggling and other security threats. Illegal fentanyl smuggling poses a significant challenge at the US–Mexico border, with seizures of the potent drug increasing by 480% at the southern border from fiscal year 2020 to 2023. As seizures of illicit substances, including potent drugs like fentanyl, continue to rise, there is an increasing demand for advanced technologies capable of effectively identifying and intercepting such contraband at ports of entry.

Furthermore, the integration of biometric security solutions plays a pivotal role in augmenting the effectiveness of security screening processes. Biometrics authentication methods, such as fingerprint, iris, and facial recognition technologies, offer high security by accurately verifying the identities of individuals entering or exiting the country.

In 2023, global passenger traffic is projected to reach 94% of the 2019 level, with North America estimated to near its 2019 level by the end of the year, reaching 2.0 billion passengers or 99.8% of the 2019 level. As airports navigate the path to recovery, bolstering security measures remains a priority, especially considering the rising concerns over illicit fentanyl smuggling and other security threats. This underscores the importance of implementing advanced security screening technologies and biometric security solutions to effectively identify and intercept contraband while enhancing identity verification processes at ports of entry.

Key Players

OSI Systems, Inc. (US), Smiths Detection Group Ltd. (UK), Leidos (US), Thales (France), NEC Corporation (Japan), Teledyne Technologies Incorporated. (US), Bruker (US), Analogic Corporation (US), Astrophysics Inc. (US), LINEV Group UK), Nuctech (China), 3DX-RAY (UK), Metrasens (England), Gilardoni S.p.A. (Italy), Westminster Group (England), Garrett Metal Detectors (US), Autoclear (US), Vidisco Ltd. (Israel), Neurotechnology (Lithuania), DERMALOG Identification Systems GmbH (Germany), Daon (US), C.E.I.A. S.p.A. (Italy), Aware Inc. (US), Scanna (UK), and Precise Biometrics (Sweden) are the major players in security screening companies. These players have implemented various strategies to extend their global reach and enhance their market shares.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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Biometric System Market Size, Share & Industry Growth Analysis Report by Authentication Type (Single Factor, Fingerprint, Iris, Face, Voice; Multi-factor), Type (Contact-based, Contactless, Hybrid), Offering Type, Mobility, Vertical & Region, 2027

Access Control Market by Offering (Hardware-Card-based, Biometric, & Multi-technology Readers, Electronics Locks, Controllers; Software; Services), ACaaS (Hosted, Managed, Hybrid), Vertical and Region – Global Forecast to 2029

Fingerprint Sensor Market Size, Share and Industry Growth Analysis Report by Technology (Capacitive, Optical, Thermal and, Ultrasonic), Type (Area, Touch, and Swipe), Sensor Technology, Product, End–Use Application, and Region (2021-2026)

Explosive Detectors Market by Technology (Trace (IMS, Colorimetric, Mass Spectrometry), Bulk (X-Ray System, Neutron Method, Optical)), Product Type (Vehicle Mounted, Handheld, Robotics, Biosensors), Application, Geography – Forecast to 2020

Industrial Access Control Market by Component (Hardware (Card-Based Readers, Biometrics Readers, Electronic Locks, and Controller/Server), and Software), Service (Installation, Maintenance, and ACaaS), Application, and Geography – Global Forecast to 2023

About MarketsandMarkets™

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Silicon Valley Investors Urge Taiwan Startups to Find Niches as AI Competition Intensifies

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OAKLAND, Calif., Oct. 19, 2026 /PRNewswire/ — Taiwanese startups seeking to compete in artificial intelligence must develop specialized expertise, strengthen distribution networks and identify markets overlooked by larger technology companies, investors said at a Silicon Valley gathering on Monday.

The discussion took place during Taiwan × Silicon Valley: Founders, Capital & the Next Wave of Innovation, organized by Startup Island TAIWAN Silicon Valley Hub and Taiwan Global Angels in partnership with Google Cloud as part of SF Tech Week.

Opening the event, Uly Su, director and head of Startup Island TAIWAN Silicon Valley Hub, emphasized the hub’s role in connecting Taiwanese startups with U.S. investors, corporations and business opportunities, strengthening ties between Taiwan’s technology ecosystem and Silicon Valley.

The Shrinking AI Advantage

Timothy Chen, managing partner at Essence VC, said the rapid evolution of AI models has made technological advantages increasingly short-lived, forcing investors to reassess how they identify promising startups.

Rather than focusing exclusively on technologies that could dominate over the next five years, Chen said investors are examining founders’ specialized knowledge, distribution capabilities and ability to execute. Even a three- to six-month advantage could prove valuable in a rapidly changing market.

The panelists also discussed how startups could compete against larger technology companies. They emphasized identifying underserved markets, developing specialized capabilities and moving quickly before established players enter emerging sectors.

Beyond Software: Space, Robotics and Physical AI

Poseidon Ho, founding partner and CEO of Outliers Fund, highlighted opportunities beyond conventional AI applications, particularly in space and defense, where government contracts and expanding infrastructure investment are creating markets for emerging companies.

Ho said the sector offers a different investment model from software, with longer development cycles and substantial technical requirements. He encouraged Taiwanese entrepreneurs to explore opportunities within the space industry’s supply chains, including government contracting.

Austin Hwang, principal at ADVentures, identified physical AI, robotics and medical technology as areas of interest, particularly where startups combine specialized hardware with software and proprietary technical capabilities.

Hwang said Taiwan’s experience in semiconductors, electronics and manufacturing could provide an advantage as AI increasingly moves beyond software into physical applications.

From Technology to Commercial Success

A second panel featuring experienced entrepreneurs shifted the discussion toward commercialization, acquisitions and the challenges of building companies across Taiwan and the United States.

Paul Hung, CEO of Taudia, emphasized that startups must begin with a clearly defined customer problem rather than technology development alone.

Hung said founders need to understand why customers would pay for their products and build teams and investor networks capable of supporting commercialization.

Terry Hsiao, managing partner at BonHope Capital, drew on his experience building and selling companies to discuss the decisions founders face when considering acquisitions.

He noted that venture capital firms can spread their risks across multiple investments, while first-time founders often have most of their financial interests tied to a single company. Securing an initial successful exit could therefore be an important consideration.

Medical technology entrepreneur Steve Wu discussed the challenges of developing regulated healthcare products, including lengthy development cycles, regulatory requirements and the importance of understanding the commercial potential of new technologies.

The speakers also highlighted cultural differences between Taiwan and Silicon Valley, where entrepreneurship and risk-taking are more widely encouraged and founders have greater exposure to experienced investors and business leaders.

For Taiwanese startups, the discussions underscored the importance of combining the island’s engineering and manufacturing capabilities with stronger commercialization strategies, international market access and the ability to compete in rapidly changing industries.

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SOURCE Startup Island TAIWAN Silicon Valley Hub

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Flexxon Partners with Tech4Biz Solutions to co-develop server infrastructure that is secure by default

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As organisations increasingly look to build their own servers to run AI systems, the two companies are working to ensure purpose-built infrastructure and security go hand-in-hand

SINGAPORE and BENGALURU, India, Oct. 20, 2026 /PRNewswire/ — Flexxon, a pioneer in secure memory storage and hardware-based cybersecurity solutions, today announced its strategic investment in Tech4Biz Solutions. The partnership will see the companies co-develop solutions that enable efficient and reliable deployment of secure server and data centre operations – a heightened need as enterprises move Artificial Intelligence (AI) workloads on-premises, onto infrastructure they own and must secure themselves.

The investment formalises the ongoing relationship between the two companies, and deepens joint development across the parties’ product lines: Flexxon’s X-PHY hardware security, and Tech4Biz’s Cloudtopiaa, its sovereign cloud and AI infrastructure platform.

X-PHY is Flexxon’s hardware-based cybersecurity brand. It puts AI-powered threat detection inside the drive’s own firmware and hardware, below the operating system. X-PHY’s hardware-based protection is designed to keep working even when the software above it has been compromised.

Cloudtopiaa designs, builds and operates public cloud, private cloud, HPC, GPU inference and AI data centre environments for organisations that want full control of their data, models and AI agents, in the jurisdiction they choose. 

Ms Camellia Chan, Co-founder and CEO of Flexxon, said: “Having worked with Tech4Biz for several years, I am glad to take this next step and deepen the partnership as we continue building towards more secure, more reliable standards together. We are building hardware that is secure by default, carrying that protection from devices into the servers and data centres enterprises now run themselves – the part of the stack where traditional security leaves the widest gaps.”

Ms Yasha Khandelwal, Co-founder and CEO of Tech4Biz Solutions, said, “When a company owns its whole AI stack, there is no hyperscaler behind it to absorb a mistake, so the design and the security have to be right from day one. We have spent years building and running sovereign infrastructure in production for enterprises and institutions, and bringing X-PHY into that design means every server we deliver will ship with protection built into the hardware itself.”

Where AI capability outruns protection

AI has quickly moved from pilots into systems that run on a company’s own data every hour of the day, and the data, models and agent memory involved are now among the most sensitive assets a company holds. More organisations want that capability on infrastructure they own, in the jurisdiction they choose. Accordingly, Gartner forecasts worldwide sovereign cloud infrastructure-as-a-service spending will reach US$80 billion in 2026, a 35.6 per cent increase on 2025, with mature Asia-Pacific markets among the fastest growing and governments the largest buyers. That shift moves the responsibility for securing the infrastructure back to the organisations running it.

These AI systems now work across enterprise data with valid credentials, often without a user approving each action. Software defences remain necessary, but they run on the same layers an attacker is trying to take over – and when those safeguards fail, there must be an immutable layer that protects the data.

What X-PHY and Cloudtopiaa will deliver

The parties will collaborate specifically on integrating Flexxon’s X-PHY hardware security expertise with Tech4Biz’s existing infrastructure capability through Cloudtopiaa, its cloud platform and infrastructure offering.

On the immediate horizon is the integration of X-PHY’s hardware security solutions into Cloudtopiaa environments, so that server estates are secured by default and protection arrives with the machine rather than being bolted on after. For enterprises, that means the security work no longer grows with every server added.

This includes the design, build and deployment of secure infrastructure that organisations can own and run outright. Development is already under way, with commercial deployment expected in 2027.

Cloudtopiaa already runs production workloads for customers including L&T Technology Services, which runs two production engineering platforms on it – a quality management platform for GxP-regulated industries and a multi-agent enterprise AI platform – and Cognitive PRISM. It is also building a three-year private cloud lab ecosystem for Vidyavardhaka College of Engineering, Mysuru.

The partnership will focus first on governments, regulated enterprises, research institutions and data centre operators in Singapore, India and North America.

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SIEW 2026 Brings Together Global Energy Leaders to “Connect Energy Systems, Power Tomorrow”

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SINGAPORE, Oct. 20, 2026 /PRNewswire/ — The 19th Singapore International Energy Week (SIEW) will open on 26 October, bringing together global policymakers, industry leaders and innovators to navigate energy challenges and shape a more secure, connected and sustainable energy future.

Highlights of SIEW 2026

I. Opening: The Singapore Energy Lecture will be delivered by H.E. Dr Tan See Leng, Minister for Energy, Trade and Industry (Energy and Industry). YAB Datuk Amar Haji Fadillah bin Haji Yusof, Deputy Prime Minister and Minister of Energy Transition and Water Transformation, Malaysia, will deliver the Ministerial Keynote Address. Bernard Fontana, Chairman and Chief Executive Officer of Électricité de France (EDF), will share his perspectives at the SIEW Opening Keynote.

II. Ministerial and VIPs: Ministers from Australia, Bhutan, Brunei Darussalam, Finland, Lao People’s Democratic Republic, Oman, Philippines, and United States will be joined by H.E. Dr Kao Kim Hourn, Secretary-General of the ASEAN Secretariat, Dr Fatih Birol, Executive Director of the International Energy Agency, and Francesco La Camera, Director General of the International Renewable Energy Agency. Global industry leaders from Baker Hughes, China Huaneng Group, GE Vernova, Hitachi Energy, Petronas, Siemens Energy, State Grid Corporation of China, Tenaga Nasional Berhad, and Univers will share their insights impacting the energy landscape.

SIEW 2026 will host prominent decision-makers and visionaries from across government, international bodies, regulatory agencies, and industry. The list of speakers attending SIEW 2026 is available here.

Government

H.E. Dr Tan See Leng, Minister for Energy, Trade and Industry (Energy and Industry), Republic of SingaporeH.E. Gan Siow Huang, Minister of State, Ministry of Foreign Affairs & Ministry of Energy, Trade and Industry, Republic of SingaporeYAB Datuk Amar Haji Fadillah bin Haji Yusof, Deputy Prime Minister and Minister of Energy Transition and Water Transformation, MalaysiaH.E. Sonam Tashi, Minister for Energy and Natural Resources, BhutanDato Seri Setia Awang Haji Mohamad Azmi Bin Haji Mohd Hanifah, Minister at the Prime Minister’s Office (Energy, Upstream and Downstream), Brunei DarussalamH.E. Sakari Puisto, Minister of Economic Affairs, Republic of FinlandH.E. Malaithong Kommasith, Minister of Industry and Commerce, Lao People’s Democratic RepublicH.E. Eng. Salim Bin Nasser Al Aufi, Minister of Energy and Minerals, Vice Chairman of the Board of the Oman Investment Authority, OmanThe Honourable Sharon S. Garin, Secretary, Department of Energy, Republic of the PhilippinesH.E. Jean Barroca, Deputy Minister of State for Energy, PortugalDr Majid Al-Qwaiz, Deputy Minister of Development and Project Management, Kingdom of Saudi ArabiaThe Rt Hon Miatta Fahnbulleh MP, Secretary of State for Energy Security and Net Zero, United Kingdom of Great Britain and Northern IrelandChris Stark, Head of UK’s Mission for Clean Power, UK Department for Energy Security and Net Zero

International Organisations

Rafael Mariano Grossi, Director General, International Atomic Energy AgencyLin Yang, Deputy Executive Secretary for Programme, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)Hideaki Iwasaki, Director General, Sectors Department 1 (Energy and Transport Sectors), Asian Development Bank (ADB)Kim-See Lim, Chief Investment Officer, Public Sector (Region 1) & Financial Institutions and Funds (Global) Clients, Asian Infrastructure Investment Bank (AIIB)Stéphanie Guénot Bresson, Commissioner, Nuclear Safety and Radiation Protection Authority Dr Sama Bilbao y León, Director General, World Nuclear Association

Regulators and Utilities

Anna Collyer, Chair, Australian Energy Market CommissionClare Savage, Chair, Australian Energy RegulatorNarumi Hosokawa, Secretary General, Electricity and Gas Market Surveillance Commission, JapanErik Westergaard, Deputy Chair, Electricity Authority, New ZealandDato’ Sri Ir. Ts. Shamsul Bin Ahmad, President and Chief Executive Officer, Tenaga Nasional BerhadHon. Francis Saturnino C. Juan, Chairperson and Chief Executive Officer, Energy Regulatory Commission, PhilippinesTheodore J. Garrish, Assistant Secretary for Nuclear Energy, U.S. Department of EnergyJudy Chang, Commissioner, Federal Energy Regulatory Commission, United StatesEmmanuelle Wargon, Chair, French Energy Regulatory CommissionDr Narin Phoawanich, Governor, Electricity Generating Authority of Thailand Shao Guoyong, Board Director, State Grid Corporation of China

Industry

Gary Rose, Executive Vice President, Nuclear, Canada, AtkinsRéalis, and President, CANDU International, Candu Energy Inc.Allyson Anderson Book, Chief Sustainability Officer, Government Affairs & Public Policy Officer, Baker HughesYingying Zhou, Vice President, Organisation and Head of Asia, Cheniere EnergyJoseph Law, Managing Director, CLP Power Hong KongLi Rui, Vice President, China Southern Power GridLim Wee Seng, Group Head of Energy, Renewables & Infrastructure, Project Finance Strategic Advisory and Sustainability, Institutional Banking Group, DBS BankTham Chee Aun, Chief Executive Officer, Ditrolic EnergyEric Gray, Chief Executive Officer, Power, GE VernovaJames O’Reilly, Chief Executive Officer, Greenlink InterconnectorN Venu, MD and CEO, India and APAC Region, Member of Global Executive Team, Hitachi Energy, MD, Hitachi IndiaZhong Guodong, President, China Huaneng Group Co., Ltd.Dr Han-Gon Kim, President, Innovative SMR Development AgencyTadashi Maeda, Chairman of the Board, Japan Bank for International CooperationIzumi Kai, Managing Executive Officer, CEO of JERA AsiaStephanie McGregor, Chief Executive Officer, Marinus LinkEmmanuel V. Rubio, President and CEO, Meralco PowerGen Corporation (MGEN)Yasuhiro Kawabe, President & CEO of Mitsubishi Power, Ltd.Elaine Lam, Group Managing Director and Head of Global Corporate Banking, OCBCYM Tan Sri Tengku Muhammad Taufik Tengku Aziz, CEO, Petronas Thorbjörn Fors, Group Senior Vice President and President Asia Pacific, Siemens EnergyStanley Huang, Group Chief Executive Officer, SP GroupJeanne Soh, Managing Director, Head, Structured Finance, Asia, SMBC 

The SIEW week will feature high-level expert discussions across SIEW Summit, SIEW Energy Insights, SIEW TechTable and SIEW Thinktank Roundtables. Topics will include energy security, regional connectivity, system resilience and decarbonisation, including leading technologies and industrial capabilities on AI and digital grids, power interconnections, geothermal energy, and nuclear energy. More details can be found at siew.gov.sg. 

Register now at https://register.siew.gov.sg.

PR Newswire is the Official Press Release Distribution Partner of Singapore International Energy Week 2026.

About SIEW

The Singapore International Energy Week (SIEW) is an official trademarked event by the Energy Market Authority (EMA). It is an annual platform for energy professionals, policymakers and commentators to discuss and share best practices and solutions within the global energy space. 

The SIEW logo is an officially registered trademark, a symbol of credibility and prestige as the world’s leading energy event. 

About the Energy Market Authority

The Energy Market Authority (EMA) is a statutory board under the Singapore Ministry of Energy, Trade and Industry. Through our work, we seek to build a clean energy future that is resilient, sustainable, and competitive. We aim to ensure a reliable and secure energy supply, promote effective competition in the energy market and develop a dynamic energy sector in Singapore. Visit www.ema.gov.sg for more information. 

For media queries, please contact:

Ms Mahima Kathuria
FINN Partners for Singapore International Energy Week
Tel: +65 8022 6364
Email: SIEWMedia@finnpartners.com

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SOURCE Energy Market Authority

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