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Electronic Patch Panel-Global Market Insights and Sales Trends 2025
Synopsis
Electronic Patch Panel, or Intelligent patch panels, are much like normal patch panels, allowing cables from the network devices to connect to connect to individual ports in them and in-turn connecting each port to their appropriate network switch ports / other network devices using patch cords. Unlike normal patch panels, they require power-supply and may have LED indicators for each port and centralized LCD display indicator for all ports.
The global Electronic Patch Panel market size is expected to reach US$ 4447.2 million by 2029, growing at a CAGR of 8.4% from 2023 to 2029. The market is mainly driven by the significant applications of Electronic Patch Panel in various end use industries. The expanding demands from the Residential and Commercial, are propelling Electronic Patch Panel market. Cable Patch Panels, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Fiber Patch Panels segment is estimated at % CAGR for the next seven-year period.
According to the National Bureau of Statistics, in 2022, China's power generation was 8.8 trillion kWh, with a year-on-year increase of 3.7%. And the top three power generation methods were thermal power, hydropower and wind power. The per capita electricity consumption of residents was 947 kW. In 2022, China's installed power generation capacity were about 2.56 billion kilowatts, with a year-on-year increase of 7.8%. The utilization hours of power generation equipment in power plants of 6,000 kilowatts and above in the country were 3,687 hours, with a decrease of 125 hours over the same period of the previous year. The investment in power supply engineering construction of major power generation enterprises reached 720.8 billion yuan, with a year-on-year increase of 22.8%. The investment in power grid engineering construction reached 501.2 billion yuan, with a year-on-year increase of 2.0%. According to data released by the International Energy Agency, the global economy gradually recovered in 2022. With the influence of the rising energy prices, the global electricity demand in 2022 was 26,776 billion kWh, which increased 1.9% year-on-year. The generating capacity was 28,642 billion kWh, with the increase of 1.8% year-on-year. Among them, the United States generated 42.4 billion kWh of electricity in 2022, and Japan's total electricity consumption was 989.2 billion kWh, with the 7782 kWh per capita.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electronic Patch Panel, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electronic Patch Panel market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electronic Patch Panel market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electronic Patch Panel sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electronic Patch Panel covered in this report include Schneider Electric, Siemon, Legrand, Commscope, Nexans, Anixter, Fiber Mountain, LS Simple and Leviton, etc.
The global Electronic Patch Panel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Schneider Electric
Siemon
Legrand
Commscope
Nexans
Anixter
Fiber Mountain
LS Simple
Leviton
DATWYLER
Potel-Group
Panduit
Huawei
Ship Group
Molex
Global Electronic Patch Panel market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electronic Patch Panel market, Segment by Type:
Cable Patch Panels
Fiber Patch Panels
Audio Patch Panels
Global Electronic Patch Panel market, by Application
Residential
Commercial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electronic Patch Panel manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electronic Patch Panel in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Electronic Patch Panel, or Intelligent patch panels, are much like normal patch panels, allowing cables from the network devices to connect to connect to individual ports in them and in-turn connecting each port to their appropriate network switch ports / other network devices using patch cords. Unlike normal patch panels, they require power-supply and may have LED indicators for each port and centralized LCD display indicator for all ports.
The global Electronic Patch Panel market size is expected to reach US$ 4447.2 million by 2029, growing at a CAGR of 8.4% from 2023 to 2029. The market is mainly driven by the significant applications of Electronic Patch Panel in various end use industries. The expanding demands from the Residential and Commercial, are propelling Electronic Patch Panel market. Cable Patch Panels, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Fiber Patch Panels segment is estimated at % CAGR for the next seven-year period.
According to the National Bureau of Statistics, in 2022, China's power generation was 8.8 trillion kWh, with a year-on-year increase of 3.7%. And the top three power generation methods were thermal power, hydropower and wind power. The per capita electricity consumption of residents was 947 kW. In 2022, China's installed power generation capacity were about 2.56 billion kilowatts, with a year-on-year increase of 7.8%. The utilization hours of power generation equipment in power plants of 6,000 kilowatts and above in the country were 3,687 hours, with a decrease of 125 hours over the same period of the previous year. The investment in power supply engineering construction of major power generation enterprises reached 720.8 billion yuan, with a year-on-year increase of 22.8%. The investment in power grid engineering construction reached 501.2 billion yuan, with a year-on-year increase of 2.0%. According to data released by the International Energy Agency, the global economy gradually recovered in 2022. With the influence of the rising energy prices, the global electricity demand in 2022 was 26,776 billion kWh, which increased 1.9% year-on-year. The generating capacity was 28,642 billion kWh, with the increase of 1.8% year-on-year. Among them, the United States generated 42.4 billion kWh of electricity in 2022, and Japan's total electricity consumption was 989.2 billion kWh, with the 7782 kWh per capita.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electronic Patch Panel, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electronic Patch Panel market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electronic Patch Panel market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electronic Patch Panel sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electronic Patch Panel covered in this report include Schneider Electric, Siemon, Legrand, Commscope, Nexans, Anixter, Fiber Mountain, LS Simple and Leviton, etc.
The global Electronic Patch Panel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Schneider Electric
Siemon
Legrand
Commscope
Nexans
Anixter
Fiber Mountain
LS Simple
Leviton
DATWYLER
Potel-Group
Panduit
Huawei
Ship Group
Molex
Global Electronic Patch Panel market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electronic Patch Panel market, Segment by Type:
Cable Patch Panels
Fiber Patch Panels
Audio Patch Panels
Global Electronic Patch Panel market, by Application
Residential
Commercial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electronic Patch Panel manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electronic Patch Panel in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Electronic Patch Panel Market Overview
1.1 Electronic Patch Panel Product Overview
1.2 Electronic Patch Panel Market Segment by Type
1.2.1 Cable Patch Panels
1.2.2 Fiber Patch Panels
1.2.3 Audio Patch Panels
1.3 Global Electronic Patch Panel Market Size by Type
1.3.1 Global Electronic Patch Panel Market Size Overview by Type (2018-2029)
1.3.2 Global Electronic Patch Panel Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electronic Patch Panel Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electronic Patch Panel Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electronic Patch Panel Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electronic Patch Panel Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electronic Patch Panel Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electronic Patch Panel Sales Breakdown by Type (2018-2023)
2 Global Electronic Patch Panel Market Competition by Company
2.1 Global Top Players by Electronic Patch Panel Sales (2018-2023)
2.2 Global Top Players by Electronic Patch Panel Revenue (2018-2023)
2.3 Global Top Players by Electronic Patch Panel Price (2018-2023)
2.4 Global Top Manufacturers Electronic Patch Panel Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electronic Patch Panel Market Competitive Situation and Trends
2.5.1 Electronic Patch Panel Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electronic Patch Panel Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Electronic Patch Panel as of 2022)
2.7 Date of Key Manufacturers Enter into Electronic Patch Panel Market
2.8 Key Manufacturers Electronic Patch Panel Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electronic Patch Panel Status and Outlook by Region
3.1 Global Electronic Patch Panel Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electronic Patch Panel Historic Market Size by Region
3.2.1 Global Electronic Patch Panel Sales in Volume by Region (2018-2023)
3.2.2 Global Electronic Patch Panel Sales in Value by Region (2018-2023)
3.2.3 Global Electronic Patch Panel Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electronic Patch Panel Forecasted Market Size by Region
3.3.1 Global Electronic Patch Panel Sales in Volume by Region (2024-2029)
3.3.2 Global Electronic Patch Panel Sales in Value by Region (2024-2029)
3.3.3 Global Electronic Patch Panel Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electronic Patch Panel by Application
4.1 Electronic Patch Panel Market Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.2 Global Electronic Patch Panel Market Size by Application
4.2.1 Global Electronic Patch Panel Market Size Overview by Application (2018-2029)
4.2.2 Global Electronic Patch Panel Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electronic Patch Panel Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electronic Patch Panel Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electronic Patch Panel Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electronic Patch Panel Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electronic Patch Panel Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electronic Patch Panel Sales Breakdown by Application (2018-2023)
5 North America Electronic Patch Panel by Country
5.1 North America Electronic Patch Panel Historic Market Size by Country
5.1.1 North America Electronic Patch Panel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electronic Patch Panel Sales in Volume by Country (2018-2023)
5.1.3 North America Electronic Patch Panel Sales in Value by Country (2018-2023)
5.2 North America Electronic Patch Panel Forecasted Market Size by Country
5.2.1 North America Electronic Patch Panel Sales in Volume by Country (2024-2029)
5.2.2 North America Electronic Patch Panel Sales in Value by Country (2024-2029)
6 Europe Electronic Patch Panel by Country
6.1 Europe Electronic Patch Panel Historic Market Size by Country
6.1.1 Europe Electronic Patch Panel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electronic Patch Panel Sales in Volume by Country (2018-2023)
6.1.3 Europe Electronic Patch Panel Sales in Value by Country (2018-2023)
6.2 Europe Electronic Patch Panel Forecasted Market Size by Country
6.2.1 Europe Electronic Patch Panel Sales in Volume by Country (2024-2029)
6.2.2 Europe Electronic Patch Panel Sales in Value by Country (2024-2029)
7 Asia-Pacific Electronic Patch Panel by Region
7.1 Asia-Pacific Electronic Patch Panel Historic Market Size by Region
7.1.1 Asia-Pacific Electronic Patch Panel Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electronic Patch Panel Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electronic Patch Panel Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electronic Patch Panel Forecasted Market Size by Region
7.2.1 Asia-Pacific Electronic Patch Panel Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electronic Patch Panel Sales in Value by Region (2024-2029)
8 Latin America Electronic Patch Panel by Country
8.1 Latin America Electronic Patch Panel Historic Market Size by Country
8.1.1 Latin America Electronic Patch Panel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electronic Patch Panel Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electronic Patch Panel Sales in Value by Country (2018-2023)
8.2 Latin America Electronic Patch Panel Forecasted Market Size by Country
8.2.1 Latin America Electronic Patch Panel Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electronic Patch Panel Sales in Value by Country (2024-2029)
9 Middle East and Africa Electronic Patch Panel by Country
9.1 Middle East and Africa Electronic Patch Panel Historic Market Size by Country
9.1.1 Middle East and Africa Electronic Patch Panel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electronic Patch Panel Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electronic Patch Panel Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electronic Patch Panel Forecasted Market Size by Country
9.2.1 Middle East and Africa Electronic Patch Panel Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electronic Patch Panel Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Schneider Electric
10.1.1 Schneider Electric Company Information
10.1.2 Schneider Electric Introduction and Business Overview
10.1.3 Schneider Electric Electronic Patch Panel Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Schneider Electric Electronic Patch Panel Products Offered
10.1.5 Schneider Electric Recent Development
10.2 Siemon
10.2.1 Siemon Company Information
10.2.2 Siemon Introduction and Business Overview
10.2.3 Siemon Electronic Patch Panel Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Siemon Electronic Patch Panel Products Offered
10.2.5 Siemon Recent Development
10.3 Legrand
10.3.1 Legrand Company Information
10.3.2 Legrand Introduction and Business Overview
10.3.3 Legrand Electronic Patch Panel Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Legrand Electronic Patch Panel Products Offered
10.3.5 Legrand Recent Development
10.4 Commscope
10.4.1 Commscope Company Information
10.4.2 Commscope Introduction and Business Overview
10.4.3 Commscope Electronic Patch Panel Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Commscope Electronic Patch Panel Products Offered
10.4.5 Commscope Recent Development
10.5 Nexans
10.5.1 Nexans Company Information
10.5.2 Nexans Introduction and Business Overview
10.5.3 Nexans Electronic Patch Panel Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Nexans Electronic Patch Panel Products Offered
10.5.5 Nexans Recent Development
10.6 Anixter
10.6.1 Anixter Company Information
10.6.2 Anixter Introduction and Business Overview
10.6.3 Anixter Electronic Patch Panel Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Anixter Electronic Patch Panel Products Offered
10.6.5 Anixter Recent Development
10.7 Fiber Mountain
10.7.1 Fiber Mountain Company Information
10.7.2 Fiber Mountain Introduction and Business Overview
10.7.3 Fiber Mountain Electronic Patch Panel Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Fiber Mountain Electronic Patch Panel Products Offered
10.7.5 Fiber Mountain Recent Development
10.8 LS Simple
10.8.1 LS Simple Company Information
10.8.2 LS Simple Introduction and Business Overview
10.8.3 LS Simple Electronic Patch Panel Sales, Revenue and Gross Margin (2018-2023)
10.8.4 LS Simple Electronic Patch Panel Products Offered
10.8.5 LS Simple Recent Development
10.9 Leviton
10.9.1 Leviton Company Information
10.9.2 Leviton Introduction and Business Overview
10.9.3 Leviton Electronic Patch Panel Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Leviton Electronic Patch Panel Products Offered
10.9.5 Leviton Recent Development
10.10 DATWYLER
10.10.1 DATWYLER Company Information
10.10.2 DATWYLER Introduction and Business Overview
10.10.3 DATWYLER Electronic Patch Panel Sales, Revenue and Gross Margin (2018-2023)
10.10.4 DATWYLER Electronic Patch Panel Products Offered
10.10.5 DATWYLER Recent Development
10.11 Potel-Group
10.11.1 Potel-Group Company Information
10.11.2 Potel-Group Introduction and Business Overview
10.11.3 Potel-Group Electronic Patch Panel Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Potel-Group Electronic Patch Panel Products Offered
10.11.5 Potel-Group Recent Development
10.12 Panduit
10.12.1 Panduit Company Information
10.12.2 Panduit Introduction and Business Overview
10.12.3 Panduit Electronic Patch Panel Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Panduit Electronic Patch Panel Products Offered
10.12.5 Panduit Recent Development
10.13 Huawei
10.13.1 Huawei Company Information
10.13.2 Huawei Introduction and Business Overview
10.13.3 Huawei Electronic Patch Panel Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Huawei Electronic Patch Panel Products Offered
10.13.5 Huawei Recent Development
10.14 Ship Group
10.14.1 Ship Group Company Information
10.14.2 Ship Group Introduction and Business Overview
10.14.3 Ship Group Electronic Patch Panel Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Ship Group Electronic Patch Panel Products Offered
10.14.5 Ship Group Recent Development
10.15 Molex
10.15.1 Molex Company Information
10.15.2 Molex Introduction and Business Overview
10.15.3 Molex Electronic Patch Panel Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Molex Electronic Patch Panel Products Offered
10.15.5 Molex Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electronic Patch Panel Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Electronic Patch Panel Industrial Chain Analysis
11.4 Electronic Patch Panel Market Dynamics
11.4.1 Electronic Patch Panel Industry Trends
11.4.2 Electronic Patch Panel Market Drivers
11.4.3 Electronic Patch Panel Market Challenges
11.4.4 Electronic Patch Panel Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electronic Patch Panel Distributors
12.3 Electronic Patch Panel Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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