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Global Times: China’s industrial development in 2024: accelerating toward intelligent manufacturing

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BEIJING, Jan. 2, 2025 /PRNewswire/ — In 2024, China’s industrial landscape has witnessed a series of exciting “firsts” and groundbreaking achievements which reflect the robust momentum of China’s manufacturing sector and underscore the country’s commitment to high-end, intelligent, and sustainable manufacturing practices.

In a latest development, China debuted a prototype of the fastest high-speed train in the world, Xinhua News Agency reported on December 29, 2024.

A prototype of the CR450 bullet train that will run at 400 kilometers per hour debuted in Beijing on December 29, said the country’s railway operator. The CR450 is capable of running at 450 kilometers per hour in tests, highlighting China’s cutting-edge advancements in rail technology.

In other sectors, China’s homegrown wide-body C929 aircraft gets first intended user in November, marking a new breakthrough in the large aircraft industry.

China’s first domestically built large cruise ship has also started commercial operations in January, setting sail for a new era in cruise tourism.

As of December 29, 2024, it has completed 84 voyages, facilitating a total of 600,000 inbound and outbound passenger trips, according to Xinhua.

A series of data also show significant achievements in China’s high-quality economic development.

In 2024 China has surpassed 4.14 million 5G base stations, averaging 29 stations per 10,000 people. The manufacturing sector has over 6.03 million registered enterprises, with 8.55 percent linked to strategic emerging industries, a 6.35 percent increase since the end of 2023. China’s annual production of new-energy vehicles (NEVs) surpassed the 10 million milestone for the first time in 2024. Additionally, the humanoid robot market is projected to reach 3 billion yuan ($411 million), showcasing the potential of emerging sectors in China’s economy, China Media Group (CMG) reported.

The purchasing managers’ index (PMI) for China’s manufacturing showed encouraging signs this year, climbing from 49.2 percent in January to 50.1 percent in October and further to 50.3 percent in November, suggesting a recovery in industrial activity.

Foster innovation

Throughout the year, the Chinese government implemented various initiatives to foster innovation and development in key industries.

In January, China unveiled policies aimed at promoting future industries such as humanoid robots, brain-computer interfaces, and 6G technology to stimulate new economic growth.

By February, the government had issued guidelines to accelerate the green transformation of the manufacturing sector. In March, China launched large-scale equipment upgrades and consumer goods trade-ins to lift the quality of traditional industries. In June, China rolled out a new set of support policies for 1,000 “little giant” firms, as part of efforts to improve the modern industrial system in the country. In September, the country introduced construction plans for pilot-scale testing platforms in manufacturing and new materials, accelerating the transition of new technologies from the laboratory to the factory, according to CMG.

These measures are facilitating high-quality development across various manufacturing sectors.

In the domestic cruise manufacturing industry cruise-building industry China’s first domestically built large cruise ship, the Adora Magic City, started its commercial maiden voyage in January. This marks a significant milestone for China’s cruise manufacturing industry, as it now possesses true autonomous control capabilities and a complete industrial cycle system, signaling a new phase in the development of the cruise industry in China, said Yang Guobing, chairman of the China State Shipbuilding Corporation (CSSC) Cruise Technology Development Co, Ltd, operator of the ship.

Yang believes that in 2024, China’s cruise manufacturing industry entered a new phase of independent development. This phase aims to integrate the entire industrial chain, achieve independent design, construction, supporting facilities, and operations of cruise ships, and foster international cooperation while pursuing self-sufficiency. This approach is set to usher in a new era of high-quality development for China’s cruise industry.

In the robotics sector, the National and Local Co-Build Humanoid Robotics Innovation Centre based in Shanghai is making strides as well. The center is currently constructing a training facility that can accommodate 100 humanoid robots for simultaneous intelligent training, to make them more capable of assisting humans in various scenarios, with plans to expand this capacity to 1,000 by 2027, the Global Times learned from the center.

In the field of brain-computer interfaces (BCI), exciting advancements are being made that could greatly benefit patients with paralysis and neurological diseases. A notable milestone occurred in November when a domestic BCI product allowed a participant with a spinal cord injury to drink water using a specially designed pneumatic glove.

The BCI product, called NEO, was developed through a collaboration between Neuracle Technology Co, Ltd and Dr Hong Bo’s team from Tsinghua University. In August it became the first BCI product to enter the special review process for innovative medical devices in China.

Currently, Neuracle is working on expanding its product offerings to encompass a broader range of brain functions. In the future, the company aims not only to assist patients with basic actions such as eating and drinking but also to enable them to perform more complex tasks, including writing and playing the piano, Neuracle told the Global Times.

Chen Jing, vice president of the Institute of Technology and Strategy, a tech research institute based in Beijing, told the Global Times that the achievements of 2024 reflect the outcomes of the development of new quality productive forces. These advancements not only drive China’s economic development but also lay a solid foundation for sustainable growth in the future.

A look into 2025

China’s value-added industrial output of enterprises above the designated size is forecast to grow by about 5.7 percent year-on-year in 2024, official data showed.

In 2024, China’s industrial economy has achieved steady improvement despite challenges, and the manufacturing value added’s share of gross domestic product remained stable, according to a national work conference on industry and information technology.

According to the meeting, China will promote stable growth in the industrial economy, with moves including intensifying the implementation of policies supporting large-scale equipment upgrades and the consumer goods trade-ins in 2025.

Efforts will be made to foster and develop emerging industries in 2025, with a focus on promoting implementation scenarios of new technology and new products. Key areas of emphasis include the development of internet-connected vehicles, the expansion of the BeiDou Navigation Satellite System’s applications, low-altitude information infrastructure, biomanufacturing, the quantum industry, and embodied AI, among others, according to the meeting.

By 2025, intelligent manufacturing in China is poised to deeply integrate with advanced technologies like the Internet of Things, big data, and AI, propel traditional industries toward higher levels of sophistication and intelligence, Chen said.

These innovations will not only enhance production efficiency but also foster new business models and growth opportunities for enterprises, Chen said, adding that this will support China’s goal to achieving high-quality economic development and help elevate its position in the global value chain.

Geng Bo, a senior technology industry insider, told the Global Times that China, which ranks first globally in the production and sales of consumer electronics, offers an abundance of application scenarios and a growing demand that drives continuous sci-tech innovation and product improvements.

Whether in smartphones, home appliances, automotive electronics, industrial control, or the new-energy sector, market demand is driving domestic companies to innovate and develop products tailored to various needs, thereby driving the rapid growth of the country’s sci-tech advancements and innovative applications, Geng said.

This article first appeared in the Global Times: https://www.globaltimes.cn/page/202412/1325980.shtml 

 

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SOURCE Global Times

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LendingTree, Inc. to Report Third Quarter 2026 Earnings on November 3, 2026

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CHARLOTTE, N.C., Oct. 20, 2026 /PRNewswire/ — LendingTree, Inc. (NASDAQ: TREE), operator of LendingTree.com, the nation’s leading online financial services marketplace, today announced that it will release fiscal third quarter 2026 results after market close on Tuesday, November 3, 2026.  The company will also post a letter to shareholders on the Company’s website at investors.lendingtree.com.

The Company will hold its earnings conference call at 4:30 p.m. ET to discuss the release, which will be simultaneously webcast via the Company’s website at investors.lendingtree.com.  The webcast replay will be available following the event.

About LendingTree, Inc.

LendingTree, Inc. is the parent of LendingTree, LLC and several companies owned by LendingTree, LLC (collectively, “LendingTree”).

LendingTree (NASDAQ: TREE) is one of the nation’s largest, most experienced online financial platforms, created to give consumers the power to win financially.  LendingTree provides customers with access to the best offers on loans, credit cards, insurance and more through its network of over 770 financial partners.  Since its founding, LendingTree has helped millions of customers obtain financing, save money, and improve their financial and credit health in their personal journeys. With a portfolio of innovative products and tools and personalized financial recommendations, LendingTree helps customers achieve everyday financial wins.

LendingTree, Inc. is headquartered in Charlotte, NC. For more information, please visit www.lendingtree.com.

INVESTOR RELATIONS:
investors@lendingtree.com

MEDIA RELATIONS:
press@lendingtree.com

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SOURCE LendingTree, Inc.

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Hagerty to Report Third Quarter 2026 Results and Host Conference Call on Tuesday, November 3, 2026

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TRAVERSE CITY, Mich., Oct. 20, 2026 /PRNewswire/ — Hagerty, Inc. (NYSE: HGTY), a business that makes it easier and more enjoyable to be a driving enthusiast, today announced it will report its third quarter 2026 financial results before the market opens on Tuesday, November 3, 2026.

Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty’s investor relations website at investor.hagerty.com. To dial-in for the conference call, please register using the link found here to receive your unique dial-in and PIN.

A webcast replay of the call will be available at investor.hagerty.com following the call.

About Hagerty, Inc. (NYSE: HGTY)
Hagerty is a company built by drivers for drivers, protecting 3.0 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, and the Hagerty Drivers Club, the world’s largest membership community of car lovers.

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com. 

Category: Financial

Source: Hagerty

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SOURCE Hagerty

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Data Center Air Filtration Market to Reach USD 1.19 Billion by 2035 as Replacement Filters and Gas-Phase Media Drive Recurring Spend – DC Market Insights

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Market grows at an 8.59% CAGR from USD 520.20 million in 2025; replacement filters hold 78.3% of spending and gas-phase filtration grows fastest at 11.16% a year

LONDON, Oct. 20, 2026 /PRNewswire/ — The “Data Center Air Filtration Market – Growth, Share, Opportunities & Competitive Analysis, 2026-2035” report has been added to the DC Market Insights offering. The global Data Center Air Filtration Market was valued at USD 520.20 million in 2025, is estimated at USD 589.74 million in 2026, and is projected to reach USD 1.19 billion by 2035, growing at a CAGR of 8.59% from 2025 to 2035. DC Market Insights finds that this is primarily a recurring consumables market: replacement filters and media account for 78.3% of 2025 value, while liquid cooling slows first-fit demand by moving more AI rack heat away from the room air path.

Data Center Air Filtration Market at a Glance

Metric

Value (DC Market Insights estimate)

Market size, 2020

USD 314.90 million

Market size, 2025 (base year)

USD 520.20 million

Market size, 2026

USD 589.74 million (+13.4% year on year)

Market size, 2030

USD 843.18 million

Market size, 2035

USD 1.19 billion

CAGR 2025-2035

8.59% (low case 7.55%, high case 9.78%)

Largest filter type

Fine filters, 38.0% of 2025 value

Fastest-growing filter type

Gas-phase filtration, 11.16% CAGR

Leading region

North America, 39.0% (USD 202.87 million)

Fastest-growing region

Middle East and Africa, 12.13% CAGR

Market leader

Camfil, about 15% of 2025 value

Key Takeaways

USD 407.26 million, or 78.3% of 2025 value, is replacement spending because filters on the installed air-handled base are changed one to two times a year.The fleet-average filter bill is about USD 3,600 per MW of air-handled IT load a year in 2025.Gas-phase filtration grows 11.16% a year as operators manage corrosive gases and ASHRAE G1 limits in polluted and industrial hubs.Outside-air economizer intakes account for 27.0% of 2025 value and grow 10.10% a year as more sites use free-air cooling.Liquid cooling restrains first-fit demand: new-build first-fit filters grow 5.48% a year while replacement filters and media grow 9.33%.

Scope & Segmentation – Data Center Air Filtration Market

The report analyzes the market across the following segments:

Filter Type: Pre-Filters; Fine Filters; HEPA and EPA Filters; Gas-Phase Filtration; Housings, Frames and Pressure MonitoringApplication: CRAH/CRAC and Fan-Wall Recirculation; Outside-Air Economizer Intakes; Make-Up Air and Pressurization Units; Generator, Battery and Electrical RoomsPurchase Type: First-Fit with New Builds; Replacement Filters and MediaData Center Type: Hyperscale and AI Cloud Data Centers; Colocation Data Centers; Enterprise and Edge Data CentersGeography: North America; Europe; Asia Pacific; Latin America; Middle East and Africa, with 12 country forecasts

Report Updated: Oct. 20, 2026

Get Free Sample Report – Data Center Air Filtration Market

“Data center air filtration is increasingly an installed-base business. Liquid cooling reduces the air path in new AI halls, but hundreds of gigawatts of air-handled capacity still need recurring filter changes, and polluted or corrosive locations require more expensive fine and gas-phase media. That makes replacement contracts, pressure monitoring and chemical filtration the most defensible growth pools through 2035.”

— Amit Jain, Senior Consultant, ICT & Emerging Technologies, DC Market Insights, report author

Why This Report Matters

Air filtration sits at the intersection of equipment reliability, free-air cooling efficiency and contamination control. The report helps filter manufacturers, cooling vendors, data center operators, hyperscalers, colocation providers and investors size first-fit and replacement demand, compare filter classes and identify geographies where dust, smoke and corrosive gases raise lifecycle spending.

Key Attributes

Report attribute

Details

Historical Period

2020-2024

Base Year

2025

Forecast Period

2026-2035

Market Size 2025

USD 520.20 million

Market Size 2026

USD 589.74 million (+13.4% year on year)

Market Size 2035

USD 1.19 billion

CAGR 2025-2035

8.59% (low case 7.55%, high case 9.78%)

Leading Region

North America, 39.0% (USD 202.87 million)

Report Format

PDF + Excel

How Big Is the Data Center Air Filtration Market in 2026?

DC Market Insights values the Data Center Air Filtration Market at USD 589.74 million in 2026, 13.4% above 2025, as new capacity receives first-fit filters and the air-handled installed base continues to expand. The market remains tied more closely to replacement cycles than to new construction alone.

Year

Market size

2020

USD 314.90 million

2025

USD 520.20 million

2026

USD 589.74 million (+13.4% year on year)

2030

USD 843.18 million

2035F

USD 1.19 billion

Source: DC Market Insights, Data Center Air Filtration Market report, Oct. 20, 2026.

Why Does Replacement Spending Outgrow First-Fit Demand?

Liquid cooling removes a growing share of AI rack heat from the room air path, which limits the volume of first-fit filters required per new megawatt. Replacement demand behaves differently: existing air-cooled and hybrid halls continue to change pre-filters, fine filters and gas-phase media according to pressure drop, contamination and operating conditions. DC Market Insights therefore models replacement filters and media growing 9.33% a year, compared with 5.48% for first fit.

Which Filter Type Leads Data Center Air Filtration Spending?

Fine filters lead 2025 spending with 38.0% of market value, while gas-phase filtration grows fastest as operators manage sulfur dioxide, hydrogen sulfide and other corrosive contaminants around industrial and urban locations.

Filter type

2025 value

Share 2025

2035 value

CAGR

Pre-Filters

USD 109.24M

21.0 %

USD 213.46M

6.93 %

Fine Filters

USD 197.68M

38.0 %

USD 438.80M

8.30 %

HEPA and EPA Filters

USD 26.01M

5.0 %

USD 59.30M

8.59 %

Gas-Phase Filtration

USD 98.84M

19.0 %

USD 284.63M

11.16 %

Housings / Monitoring

USD 88.43M

17.0 %

USD 189.75M

7.93 %

DC Exclusive: The 1 MW Filter Change-Out Ledger

DC Market Insights estimates a 2025 fleet-average replacement bill of about USD 3,600 per MW of air-handled IT load a year. The model combines airflow, filter-face count, filter prices and change frequency across recirculation, outside-air intake, make-up air, gas-phase media and electrical-room applications. This ledger explains why the installed base, rather than only the annual build cohort, drives long-term revenue.

Metric

2025 estimate

Replacement filter bill per air-handled MW

USD 3,600/year

First-fit bill per new air-handled MW

USD 11,000

Replacement share of market

78.3 %

Air-handled load

113.1 GW

Which Region Leads the Data Center Air Filtration Market?

North America leads with 39.0% of 2025 value, while the Middle East and Africa grows fastest at 12.13% a year as desert dust and harsh ambient conditions shorten filter life on new Gulf campuses. The United States is the largest country market, while India grows rapidly because dust and corrosive gases increase the need for fine and chemical media.

Indicator

2025 / Base

Outlook

Leading region

North America, 39.0% (USD 202.87 million)

Largest regional spending pool through the forecast

Fastest-growing region

Middle East and Africa, 12.13% CAGR

Dust-intensive Gulf campuses accelerate replacement demand

Largest country

United States, USD 189.34M in 2025

Remains the largest national market

How Could the 2035 Forecast Change?

The 2035 outcome depends on how much AI heat remains on the air side and how quickly filter prices and specification levels rise. The base case assumes liquid-cooled megawatts still send part of their heat to room air and replacement costs continue to increase.

Scenario

Assumption

2035 value

CAGR 2025-2035

Low

Lower air-side heat share and slower replacement inflation

USD 1.08B

7.55 %

Base

15% air-side heat share in mature liquid-cooled halls

USD 1.19B

8.59 %

High

Higher air-side heat share and wider MERV 13 / gas-phase adoption

USD 1.32B

9.78 %

Competitive Landscape and Recent Developments

The top five suppliers account for about half of 2025 value. Competition centers on particulate efficiency, pressure drop, molecular contamination control, replacement logistics and the ability to serve hyperscale customers across multiple regions.

Companies profiled include:

Camfil; AAF International (Daikin Industries); Parker Hannifin (Filtration Group and Purafil); Freudenberg Filtration Technologies; MANN+HUMMEL; Donaldson Company; Ahlstrom.

In September 2025, Camfil opened a HEPA and ULPA filter line at its Manesar plant in India.In November 2025, Parker Hannifin agreed to acquire Filtration Group, including Purafil, for USD 9.25 billion in cash.In November 2025, AAF International launched its AstroSorb molecular filter line in the United States.In March 2026, Camfil acquired Bioconservación (Bion) of Spain to expand molecular contamination control.In May 2026, Donaldson completed its acquisition of Facet Filtration and Camfil broke ground on a 14,400-square-metre expansion in Malaysia.In August 2026, Parker completed the Filtration Group acquisition, expected to add about USD 1.8 billion to fiscal 2027 sales.

Frequently Asked Questions

What is the size of the Data Center Air Filtration Market?

USD 520.20 million in 2025 and USD 589.74 million in 2026, projected to reach USD 1.19 billion by 2035 at an 8.59% CAGR.

Which filter type leads the market?

Fine filters, including bag and rigid box filters, with 38.0% of 2025 value.

Which segment grows fastest?

Gas-phase chemical filtration, at 11.16% a year through 2035.

Why is replacement spending so important?

Filters on the installed air-handled base are replaced repeatedly, giving replacement filters and media 78.3% of 2025 value.

Which region leads?

North America with 39.0% of 2025 value; the Middle East and Africa grows fastest at 12.13% a year.

Who are the leading suppliers?

Camfil, AAF International, Parker Hannifin, Freudenberg Filtration Technologies and MANN+HUMMEL are among the leading suppliers.

Methodology

DC Market Insights builds the market bottom-up from air-handled installed IT load, annual new capacity, filter faces per MW, replacement frequency, public filter price anchors and application mix. The model is checked against an all-air ceiling, supplier sales and a MERV 8 replacement floor before regional and segment splits are reconciled.

Download Sample Report – Data Center Air Filtration Market

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Data Center Thermal Management MarketData Center Precision Air Conditioning MarketData Center Cooling MarketData Center Liquid Cooling MarketData Center Cooling Tower Market

DC Market Insights Data & Tools

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Data Center Database 

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Deal Tracker 

Power Policy 

Data Center PUE Calculator 

Data Center Construction Pipeline 

Data Center Transaction Comps 

Data Center Site Risk 

Data Center Electricity Rates 

Data Center Footprint 

About DC Market Insights

DC Market Insights is a dedicated research and consulting firm that empowers data center leaders with actionable intelligence. We combine rigorous market research, advanced analytics and practical advisory support to help organizations make confident decisions in an increasingly complex digital infrastructure landscape. Our goal is to transform data into clarity, giving clients the ability to act decisively on strategy, investment and execution.

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