Tag: billion

Global Electronics Recycling Market to Reach US$65.8 Billion by the Year 2026

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Abstract: Global Electronics Recycling Market to Reach US$65. 8 Billion by the Year 2026 . Electronics recycling is set to experience increasing attention across countries as a result of rising electronic waste or e-waste.

New York, Jan. 19, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Electronics Recycling Industry” – https://www.reportlinker.com/p05443619/?utm_source=GNW
The future of electronics recycling is anticipated be significantly influenced by ongoing changes such as technological advancements and consumer inclination towards advanced products that is shortening the replacement cycle and generating significant volumes of electronic waste. The recycling technology depends heavily on a number of aspects like manufacturing approaches, purchasing behavior and use of electronics. The e-waste recycling industry is anticipated to gain from rising environmental concerns and the need to recover precious metals from e-waste. Other key factors driving the market include favorable government guidelines and regulations for managing e-waste and recycling programs globally; increasing disposable income and purchasing power of people leading to increased spending on varied electronic consumer products; and increasing affordability of consumer electronic devices. The increasing adoption of electronics recycling to refurbish functional components and high-value materials that can be reused in products is expected to drive the market growth.

Amid the COVID-19 crisis, the global market for Electronics Recycling estimated at US$32.5 Billion in the year 2020, is projected to reach a revised size of US$65.8 Billion by 2026, growing at a CAGR of 12.7% over the analysis period. Metals, one of the segments analyzed in the report, is projected to grow at a 13.3% CAGR to reach US$53.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Plastics segment is readjusted to a revised 11.5% CAGR for the next 7-year period. This segment currently accounts for a 24.6% share of the global Electronics Recycling market. Recycling of plastic products has tremendous potential to reduce the footprint of plastic. PET, which is among the most widely used recycled plastics and accounts for most of soda and water bottles, can be converted to various types of products from automotive parts to polyester fabrics.

The U.S. Market is Estimated at $7.5 Billion in 2021, While China is Forecast to Reach $15.3 Billion by 2026

The Electronics Recycling market in the U.S. is estimated at US$7.5 Billion in the year 2021. The country currently accounts for a 21.72% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$15.3 Billion in the year 2026 trailing a CAGR of 16.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR while Rest of European market (as defined in the study) will reach US$6.1 Billion by the end of the analysis period. Europe is expected to account for

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Again Market place, the Renewed Electronics Market, Raises $510 Million and Is Now Valued at $5.7 Billion

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New York, New York–(Newsfile Corp. – January 11, 2022) – Nowadays, Back Industry shut an financial investment round of $510 million, pursuing a $335 million Collection D spherical in May possibly 2021, bringing complete expenditure to additional than $1 billion due to the fact the enterprise was established in 2014. The round, which values Back Sector at $5.7 billion, was led by new investor, Sprints Cash, with ongoing help from Again Market’s existing investors.

To see the complete announcement, together with downloadable photographs, bios, and more, click on listed here.

Important Takeaways:

  • Far more than $1 billion has been invested in Again Market considering the fact that it was launched in 2014.

  • This funding milestone builds on the increasing preference amid individuals for additional sustainable tech obtaining selections.

  • Renewed electronics are far more very affordable and better for the ecosystem than new. Back Market’s mission is to make refurbished electronics the initially preference for tech purchases.

Click impression higher than to check out full announcement.

About Back again Market place: Released in 2014 by Thibaud Hug de Larauze, Quentin Le Brouster, and Vianney Vaute, Again Current market is the foremost focused renewed tech market. The company brings substantial-top quality skillfully refurbished electronic units and appliances to buyers in 16 countries (which include the United States, France, Germany, the United Kingdom, Italy, Spain, Belgium, Austria, the Netherlands, and extra not too long ago, Portugal, Japan, Finland, Ireland, Greece, Slovakia and Sweden). It employs a team of 650 workforce and counting throughout its 4 places of work found in New York, Berlin, Paris and Bordeaux.

About Sprints Cash: Sprints Money is a London-based mostly, independent non-public fairness organization that invests in late-stage know-how-enabled growth firms with tested company types, sturdy and strong marketplace positions and superb groups, generally in Europe. Around the very last two a long time, the team driving Sprints Capital has invested around 2bn in a lot more than 50 online firms, lots of of which have grown to develop into some of the most significant tech-enabled companies in Europe and over and above. Blocket, Leboncoin, Avito, Vinted and Chrono24 are find examples of companies focused on utilised goods that the crew has backed over the yrs.For more facts on Sprints Funds, please go to the web-site: www.sprintscap.com.

About Eurazeo: Eurazeo is a main world wide investment decision team, with a diversified portfolio of 27. billion in Belongings Under Management, which includes 19.2 billion from third events, invested in above 450 providers. With its significant non-public equity, genuine estate and personal financial debt skills, Eurazeo accompanies providers of all dimensions, supporting their enhancement through the motivation of its 350 professionals and by giving deep sector abilities, a gateway to world-wide marketplaces, and a responsible and stable foothold for transformational expansion. Its sound institutional and relatives shareholder base, robust economical construction free of charge of structural personal debt, and adaptable investment horizon enable Eurazeo to support its firms more than the extended term. Eurazeo has workplaces

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The electrical power electronics current market is expected to mature from USD 37.4 billion in 2021 and is projected to attain USD 46.3 billion by 2026 it is envisioned to improve at a CAGR of 4.4%

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during the forecast time period. Increased deployment of renewable power sources, the rapid growth of EVs, and enhanced use of electrical power electronics in shopper products are anticipated to be the foremost market motorists for power electronics.

New York, Nov. 19, 2021 (Globe NEWSWIRE) — Reportlinker.com announces the release of the report “Electric power Electronics Current market with COVID-19 Effects Examination by Machine Kind, Substance, Vertical And Geography – Worldwide Forecast to 2026” – https://www.reportlinker.com/p04730561/?utm_resource=GNW
Also, the increase in the producing of large bandgap semiconductors is expected to deliver extensive-expression alternatives for market place advancement.

Market place for energy modules to have highest CAGR for the duration of the forecast period
Power modules are commonly applied for ability conversion in motor drives, UPS, and AC-DC electrical power provides.That’s why, power modules have key use in renewable strength (wind turbines and photo voltaic panels) as properly as in electric cars.

Electric power modules increase system functionality and energy performance by offering improved electricity density, increased process ruggedness, and reliability throughout the energy and automotive sectors.Significant electric power efficiency demands from different purposes are driving the demand from customers for electricity modules.

The raise in adoption of EVs, renewable electrical power era, charging stations, industrialization, and escalating demand for shopper appliances are driving the development of the phase.

SiC and GaN-centered ability electronics to have better progress all over the forecast time period
the marketplaces for SiC- and GaN-primarily based electric power electronics gadgets are anticipated to expand at a major rate. Expanding market demand from automotive suppliers in adopting SiC-dependent devices for electrical and hybrid car or truck manufacturing is the most important component contributing to the marketplace demand from customers. SiC-centered devices are also used in inverters to boost the performance of the inverter program. SiC-primarily based electricity electronics answers also have amplified trustworthiness, increased effectiveness, higher functioning temperature, compact dimension, and significant voltage capabilities compared to Si-centered electricity electronics. As this sort of, SiC-primarily based electric power electronics technological know-how is also utilized in photovoltaics, charging infrastructure, and uninterruptible energy supply (UPS). In communications, the rollout of 5G networking is also predicted to further boost the development of SiC in the future. With advancements in producing technological know-how, it is expected that lower-cost GaN units could have significant growth in the future.

Market for automotive & transportation vertical to increase at best CAGR throughout the forecast period
The advent of electric powered and hybrid motor vehicle creation has improved the demand for electric power electronics products and solutions to a fantastic extent.Ability electronics are made use of in EVs that involve significant power electrical vitality to rotate the electric motors.

Ability converters that employ energy electronics are also employed in hybrid vehicles, in particular for electrical power regeneration and conversion.Parts this kind of as MOSFETs and IGBTs are used as electricity digital switches in automotive electric and digital techniques for reducing the over-all measurement of digital units.

Also, rising worries about environmental air pollution and sustainable growth have amplified

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