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1. MARKET OVERVIEW
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Influencer Market Insights |
Digital Twins – Global Key Competitors Percentage Market Share in 2023 (E) |
Competitive Market Presence - Strong/Active/Niche/Trivial for 208 Players Worldwide in 2023 (E) |
Digital Twin Technology: A Prelude |
Interoperabilty: Critical to Widespread Use of the Technology |
DTs Aid in Smart Innovation and Help Achieve Sustainability |
Market Outlook |
Recent Industry Activity |
2. FOCUS ON SELECT PLAYERS
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3. MARKET TRENDS & DRIVERS
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Digital Twins Emerge as an Important Technology for Digital Transformation |
EXHIBIT: Digital Transformation by Industry: 2023 |
EXHIBIT: Benefits of Adopting Digital Transformation |
EXHIBIT: Global Digital Transformation Growth (In %): 2019-2023 |
Digital Twins: Adding New Dimensions to Product Lifecycle Management |
Digital Twins: A Key Trend in Industry 4.0 |
Review of Key Application Areas |
EXHIBIT: Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025 |
COVID-19 Impact on Industry 4.0 |
Outlook |
Digital Twin Technology Playing an Important Role in Predictive Maintenance |
The Age of Analytics Made More Important by COVID-19 Provides the Cornerstone for the Disruptive Growth of Predictive Maintenance |
Industry 4.0 Pushes Up the Effectiveness of Predictive Maintenance |
EXHIBIT: Market to Witness Unconventional Growth as Effectiveness of Predictive Analytics in Predicting Failure & Maintenance Event Improves on the Back of IIoT: Global Breakdown of Investments in Manufacturing IoT (in US$ Billion) for the Years 2020, 2022, 2024, and 2026 |
Significant Role of Digital Twins in Helping Organizations Embrace Manufacturing Automation |
EXHIBIT: The Growing Momentum Towards Manufacturing Automation to Encourage New Pathways to Automating Machine Maintenance: Global Manufacturing Automation Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025 |
Surge in Adoption of 3D Printing Technology in Manufacturing Industry |
Artificial Intelligence Remains Integral Component of Digital Twin Technology |
Emphasis on Reducing Project Costs to Drive Uptake of Digital Twin Technology |
Focus on Building Crisis Resilient Smart Cities to Drive Demand for Smart City Digital Twin |
EXHIBIT: Global Smart City Spending (In US$ Billion) for the Years 2021, 2024 & 2027 |
Growing Role Digital Twin Technology in Curbing Carbon Emissions |
EXHIBIT : Carbon Footprint Forecasts for Buildings (In Billion Metric Tons) for Years 2020, 2025, 2030, 2035, 20240, 2045 & 2050 |
EXHIBIT: Global CO2 Emissions in Billion Metric Tons of CO2 Per Year |
Digital Twins Present a Powerful Tool to Simulate & Optimize Retail Supply Chain |
Navigating COVID-19 Disruptions with Digital Twins |
Increasing Use of Digital Twins in Automotive Industry |
Vehicle Electrification Steps up with Digital Twin Technology |
EXHIBIT: Global Electric Vehicle Sales in 000 Units: 2019-2025 |
Digital Twin Technology to Expedite 5G Implementation |
EXHIBIT: Number of 5G Connections Worldwide: 2020-2025 |
EXHIBIT: Global Mobile Connections by Network Type (in %) for 2019 and 2025 |
EXHIBIT: Global Number of 5G Capex Spending (2018-2022) (in US$ Billion) |
Agriculture Industry Accelerates Advanced Technologies Adoption |
EXHIBIT: Global Smart Agriculture Market Worldwide (In US$ Billion) for the Years 2020, 2022, 2024 & 2026 |
Aerospace Industry to Take Off with Transformative Potential of Digital Twins |
Digital Twins for Modeling of Real-Life Systems |
Impact of COVID-19 on Aerospace Industry |
EXHIBIT: COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020 |
Staged Recovery over Long-Term to Benefit Demand |
Specter of Far-Reaching Digital Twin-Related Implications for Life Sciences Arena |
Cognitive Computing Enhances Capabilities of Digital Twin Technology |
The Current State of Digital Twin Adoption in Civil Infrastructure Sector |
Significant Role of DT in the Energy and Utility Sector |
EXHIBIT: Global Market for Smart Grids in US$ Billion) for the Years 2018 and 2024 |
Steep Rise Healthcare Spending to Augment Adoption of digital Twins |
EXHIBIT: World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023 |
Digital Twins Set to Go Mainstream in Real-Estate Sector |
4. GLOBAL MARKET PERSPECTIVE
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World Recent Past, Current & Future Analysis for Digital Twins by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR |
World 7-Year Perspective for Digital Twins by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030 |
World Recent Past, Current & Future Analysis for System by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR |
World 7-Year Perspective for System by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030 |
World Recent Past, Current & Future Analysis for Product by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR |
World 7-Year Perspective for Product by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030 |
World Recent Past, Current & Future Analysis for Process by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR |
World 7-Year Perspective for Process by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030 |
World Recent Past, Current & Future Analysis for Residential & Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR |
World 7-Year Perspective for Residential & Commercial by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030 |
World Recent Past, Current & Future Analysis for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR |
World 7-Year Perspective for Manufacturing by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030 |
World Recent Past, Current & Future Analysis for Automotive & Transport by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR |
World 7-Year Perspective for Automotive & Transport by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030 |
World Recent Past, Current & Future Analysis for Energy & Utilities by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR |
World 7-Year Perspective for Energy & Utilities by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030 |
World Recent Past, Current & Future Analysis for Agriculture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR |
World 7-Year Perspective for Agriculture by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030 |
World Recent Past, Current & Future Analysis for Healthcare & Life Sciences by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR |
World 7-Year Perspective for Healthcare & Life Sciences by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030 |
World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR |
World 7-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030 |
World Digital Twins Market Analysis of Annual Sales in US$ Million for Years 2020 through 2030 |
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UNITED STATES
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Digital Twins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E) |
USA Recent Past, Current & Future Analysis for Digital Twins by Type - System, Product and Process - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
USA 7-Year Perspective for Digital Twins by Type - Percentage Breakdown of Value Revenues for System, Product and Process for the Years 2024 & 2030 |
USA Recent Past, Current & Future Analysis for Digital Twins by End-Use - Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
USA 7-Year Perspective for Digital Twins by End-Use - Percentage Breakdown of Value Revenues for Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses for the Years 2024 & 2030 |
CANADA
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Canada Recent Past, Current & Future Analysis for Digital Twins by Type - System, Product and Process - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Canada 7-Year Perspective for Digital Twins by Type - Percentage Breakdown of Value Revenues for System, Product and Process for the Years 2024 & 2030 |
Canada Recent Past, Current & Future Analysis for Digital Twins by End-Use - Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Canada 7-Year Perspective for Digital Twins by End-Use - Percentage Breakdown of Value Revenues for Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses for the Years 2024 & 2030 |
JAPAN
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Digital Twins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E) |
Japan Recent Past, Current & Future Analysis for Digital Twins by Type - System, Product and Process - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Japan 7-Year Perspective for Digital Twins by Type - Percentage Breakdown of Value Revenues for System, Product and Process for the Years 2024 & 2030 |
Japan Recent Past, Current & Future Analysis for Digital Twins by End-Use - Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Japan 7-Year Perspective for Digital Twins by End-Use - Percentage Breakdown of Value Revenues for Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses for the Years 2024 & 2030 |
CHINA
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Digital Twins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E) |
China Recent Past, Current & Future Analysis for Digital Twins by Type - System, Product and Process - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
China 7-Year Perspective for Digital Twins by Type - Percentage Breakdown of Value Revenues for System, Product and Process for the Years 2024 & 2030 |
China Recent Past, Current & Future Analysis for Digital Twins by End-Use - Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
China 7-Year Perspective for Digital Twins by End-Use - Percentage Breakdown of Value Revenues for Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses for the Years 2024 & 2030 |
EUROPE
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Digital Twins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E) |
Europe Recent Past, Current & Future Analysis for Digital Twins by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR |
Europe 7-Year Perspective for Digital Twins by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030 |
Europe Recent Past, Current & Future Analysis for Digital Twins by Type - System, Product and Process - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Europe 7-Year Perspective for Digital Twins by Type - Percentage Breakdown of Value Revenues for System, Product and Process for the Years 2024 & 2030 |
Europe Recent Past, Current & Future Analysis for Digital Twins by End-Use - Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Europe 7-Year Perspective for Digital Twins by End-Use - Percentage Breakdown of Value Revenues for Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses for the Years 2024 & 2030 |
FRANCE
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Digital Twins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E) |
France Recent Past, Current & Future Analysis for Digital Twins by Type - System, Product and Process - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
France 7-Year Perspective for Digital Twins by Type - Percentage Breakdown of Value Revenues for System, Product and Process for the Years 2024 & 2030 |
France Recent Past, Current & Future Analysis for Digital Twins by End-Use - Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
France 7-Year Perspective for Digital Twins by End-Use - Percentage Breakdown of Value Revenues for Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses for the Years 2024 & 2030 |
GERMANY
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Digital Twins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E) |
Germany Recent Past, Current & Future Analysis for Digital Twins by Type - System, Product and Process - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Germany 7-Year Perspective for Digital Twins by Type - Percentage Breakdown of Value Revenues for System, Product and Process for the Years 2024 & 2030 |
Germany Recent Past, Current & Future Analysis for Digital Twins by End-Use - Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Germany 7-Year Perspective for Digital Twins by End-Use - Percentage Breakdown of Value Revenues for Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses for the Years 2024 & 2030 |
ITALY
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Italy Recent Past, Current & Future Analysis for Digital Twins by Type - System, Product and Process - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Italy 7-Year Perspective for Digital Twins by Type - Percentage Breakdown of Value Revenues for System, Product and Process for the Years 2024 & 2030 |
Italy Recent Past, Current & Future Analysis for Digital Twins by End-Use - Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Italy 7-Year Perspective for Digital Twins by End-Use - Percentage Breakdown of Value Revenues for Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses for the Years 2024 & 2030 |
UNITED KINGDOM
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Digital Twins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E) |
UK Recent Past, Current & Future Analysis for Digital Twins by Type - System, Product and Process - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
UK 7-Year Perspective for Digital Twins by Type - Percentage Breakdown of Value Revenues for System, Product and Process for the Years 2024 & 2030 |
UK Recent Past, Current & Future Analysis for Digital Twins by End-Use - Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
UK 7-Year Perspective for Digital Twins by End-Use - Percentage Breakdown of Value Revenues for Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses for the Years 2024 & 2030 |
REST OF EUROPE
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Rest of Europe Recent Past, Current & Future Analysis for Digital Twins by Type - System, Product and Process - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Rest of Europe 7-Year Perspective for Digital Twins by Type - Percentage Breakdown of Value Revenues for System, Product and Process for the Years 2024 & 2030 |
Rest of Europe Recent Past, Current & Future Analysis for Digital Twins by End-Use - Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Rest of Europe 7-Year Perspective for Digital Twins by End-Use - Percentage Breakdown of Value Revenues for Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses for the Years 2024 & 2030 |
ASIA-PACIFIC
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Digital Twins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E) |
Asia-Pacific Recent Past, Current & Future Analysis for Digital Twins by Type - System, Product and Process - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Asia-Pacific 7-Year Perspective for Digital Twins by Type - Percentage Breakdown of Value Revenues for System, Product and Process for the Years 2024 & 2030 |
Asia-Pacific Recent Past, Current & Future Analysis for Digital Twins by End-Use - Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Asia-Pacific 7-Year Perspective for Digital Twins by End-Use - Percentage Breakdown of Value Revenues for Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses for the Years 2024 & 2030 |
REST OF WORLD
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Rest of World Recent Past, Current & Future Analysis for Digital Twins by Type - System, Product and Process - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Rest of World 7-Year Perspective for Digital Twins by Type - Percentage Breakdown of Value Revenues for System, Product and Process for the Years 2024 & 2030 |
Rest of World Recent Past, Current & Future Analysis for Digital Twins by End-Use - Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses - Independent Analysis of Annual Revenues in US$ Million for the Years 2023 through 2030 and % CAGR |
Rest of World 7-Year Perspective for Digital Twins by End-Use - Percentage Breakdown of Value Revenues for Residential & Commercial, Manufacturing, Automotive & Transport, Energy & Utilities, Agriculture, Healthcare & Life Sciences and Other End-Uses for the Years 2024 & 2030 |
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