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

January 23, 2022 Audrey

Global Electronics Recycling Market to Reach US.8 Billion by the Year 2026

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

Technology Advisory Global Marketplace Report 2022

January 6, 2022 Audrey

Significant gamers in the know-how advisory market are Fujitsu Ltd. , HCL Technologies Constrained, Booz & Co. , Infosys Limited, Dell Systems Inc. , KPMG, IBM Corporation, Tata Consultancy Providers Constrained, Ernst & Younger (EY) and McKinsey & Enterprise.

New York, Dec. 31, 2021 (World NEWSWIRE) — Reportlinker.com announces the launch of the report “Engineering Advisory Global Industry Report 2022” – https://www.reportlinker.com/p04442223/?utm_source=GNW

The global technological know-how advisory sector is predicted to develop from $159.62 billion in 2021 to $170.48 billion in 2022 at a compound yearly development fee (CAGR) of 6.8%. The progress is primarily owing to the providers rearranging their functions and recovering from the COVID-19 impression, which had earlier led to restrictive containment measures involving social distancing, remote doing the job, and the closure of industrial pursuits that resulted in operational troubles. The market place is envisioned to achieve $211.14 billion in 2026 at a CAGR of 5.5%.

The technology advisory market place is made up of the revenue of engineering advisory solutions by entities (companies, sole traders and partnerships) that supply advisory companies to purchasers to recognize, prioritize, design and style, and deal with their investments in a variety of innovative technologies.Technology advisory products and services deliver consultancy on building engineering techniques, technological know-how ideation and prototyping, layout electronic consulting companies, and ways to enrich cybersecurity.

Only goods and services traded in between entities or offered to finish shoppers are involved.

The major services kinds of technological know-how advisory are application enhancement, cloud products and services, cybersecurity and privateness, information and analytics, technologies tactic and company architecture, and other folks.Application progress refers to the procedure of constructing a computer programme or a sequence of programmes to fulfil the a lot of functions that a enterprise necessitates.

The diverse industries include things like banking, monetary products and services, healthcare, IT and telecom, governing administration, others and involves various measurements of enterprises these types of as massive enterprise and tiny and medium business.

The regions lined in this report are Asia-Pacific, Western Europe, Japanese Europe, North America, South America, Middle East and Africa.

The escalating necessity for simplifying enterprise functioning designs and IT investment checking is a significant driver contributing to the progress of the technology advisory industry.Technologies consulting firms assistance corporations in integrating engineering in their small business operations and creating much better activities, thereby improving upon business procedures, minimizing fees, and maximizing engineering-primarily based chances.

Know-how advisory corporations also enable companies in addressing cybersecurity issues and maintaining knowledge safe.For instance, Louis Vuitton employs technology consulting to create compact modules in organization and IT tactic, and IT governance to operate its operations efficiently.

In addition to this, companies these types of as Canon and Samsung have been utilizing engineering information to improve their functions and lower IT fees. Technological innovation advisory products and services assist businesses in focusing far more on main enterprise, accessing the latest engineering, and reducing components failure, virus and adware attack, and database corruption.

Synthetic Intelligence (AI) is a major trend getting traction in

Global Power Electronics Market By Application, By Device type, By Material, By Regional Outlook, Industry Analysis Report and Forecast, 2021

December 28, 2021 Audrey

The Global Power Electronics Market size is expected to reach $46. 81 billion by 2027, rising at a market growth of 4. 4% CAGR during the forecast period. Power electronics is one of the applications of solid-state electronics, in which electric power is transformed from one state to another, and regulated efficiently and effectively.

New York, Dec. 27, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Power Electronics Market By Application, By Device type, By Material, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06193317/?utm_source=GNW
It is utilized across a broad range of devices in the industrial, automotive & transportation, consumer electronics, renewable energy, and defense & aerospace sectors.

Several power electronics vendors have high inclination towards the renewable energy market. The energy-saving trend in industries such as energy storage & data center, and the growing commercialization of 5G technology would provide lucrative opportunities to the key market players, particularly in distribution centers and in communication applications.

In addition, some growth factors of the industry are the trend of electric and autonomous vehicles in the automotive industry and the growing production of electric vehicles. Also, silicon carbide devices are majorly used in the onboard battery chargers of electric taxis, buses, Lorries, and passenger cars.

Factors like the increasing construction of hyper-scale data centers and the rise in demand for data center power solutions in such facilities would spur the growth of the power electronics market over the forecast period. These power electronics devices provide more electrical stability, high performance, and maximum energy consumption.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has significantly impacted various sectors of the business domain. Various restrictions like social distancing, lockdown, travel ban across borders have severely disrupted the supply chain around the world. In addition, the lack of workforce and the temporary ban on the manufacturing units in the initial phase of the pandemic have negatively impacted the demand and supply of power electronics in the market.

Moreover, companies operating in this market are taking initiatives to cope up with the effects of the pandemic along with, preparing themselves for such future incidents. Many governments are helping manufacturers to resume their operations and expand production capabilities by relaxing stringent mandates and regulations, which would accelerate the demand and growth of the power electronics market during the forecast period.

Market Growth Factors

Swift production of the electric vehicles

An electric motor vehicle has a wide range of components, which use power electronics like windshield wiper control, ignition switch, interior lighting, adaptive front lighting, and electric power steering. The increase in the number of electric vehicles and plug-in hybrid electric vehicles would augment the demand for power electronics, thereby boosting the market growth. The growing awareness among the people regarding environmental impact and emissions regulations that are framed by the governments in developed nations, particularly across Europe, to minimize emissions from vehicles would boost the demand for electric vehicles.

Rising technological advancements in insulated-gate bipolar transistors (IGBT)

Global Plastics in Consumer Electronics Fibers Market (2021 to 2028)

November 17, 2021 Audrey

DUBLIN, Nov. 12, 2021 /PRNewswire/ — The “Plastics in Consumer Electronics Market Size, Share & Trends Analysis Report By Product (PC, PC/ABS), By Application (Laptop Monitor Enclosures, Wearables), By Region, And Segment Forecasts, 2021-2028” report has been added to ResearchAndMarkets.com’s offering.

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The global plastics in consumer electronics market size is expected to reach USD 7.70 billion by 2028. The market is expected to expand at a CAGR of 3.8% from 2021 to 2028. Increasing demand from the smartphone & wearable products industry is anticipated to fuel the demand for plastics in consumer electronics. The smartphone market offers opportunities for usage of a variety of plastic resins, such as Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), and Polymethyl Methacrylate (PMMA), as they are used for manufacturing housings for electronic devices, mounting frames, display frames, and vibration cushions that are lightweight and durable.

Proximity to raw material suppliers and low labor costs are attracting consumer electronics manufacturers in China. The presence of several key consumer electronics manufacturers is anticipated to create significant demand for plastics. Furthermore, increasing demand for appliances in India is anticipated to boost product demand across the electronics industry. In addition, rapid urbanization is expected to propel the demand for mobile phones, laptops, television, and other electronic appliances across India.

Metal alloys have been vastly used for manufacturing electronic components. Alloys are preferred due to their durability and better heat-conducting property. For example, aluminum alloys of grade 7000 series and 6000 series are used mainly in the chassis of laptops or sometimes for their entire casing. For instance, the bottom chassis of Apple’s Mac book is made up of aluminum. iPhone and iPad bodies are made of aluminum alloys as well.

The technology lifespan of consumer electronics is less as post the launch of the product, the competitors undergo reverse engineering processes to develop a similar or updated version of the technology. Hence, the older versions of products are often discarded by consumers. With the growth of technologically advanced equipment, there is no significant system to manage the discarded old products, which has resulted in the growth of e-waste.

Plastics in Consumer Electronics Market Report Highlights

In terms of revenue, the PC product segment accounted for the largest share in 2020 and is projected to expand further at a steady CAGR over the forecast period
The laptop monitors enclosures segment dominated the market and accounted for more than 22% of the overall revenue share in 2020
In 2020, the Asia Pacific region accounted for the maximum revenue share of the global market and will expand further at the fastest CAGR from 2021 to 2028
This growth is credited to the presence of a well-established manufacturing base for electrical & electronics in China, Japan, and South Korea
Major players are continuously working on developing bio-degradable polymers owing to the rising environmental concerns
For instance, in November 2020, SABIC announced the expansion of its product portfolio of Cycoloy & Lexan

AI can resolve pressing global issues, says Samsung Electronics’ vice chairman

November 2, 2021 Audrey

Artificial intelligence may hold the key to many of the world’s pressing issues such as climate change, said Samsung Electronics Vice Chairman Kim Ki-nam on Monday.

Speaking at an annual AI forum, hosted by his company, the senior executive stressed the wide-reaching capability of AI, not just for businesses, but for the betterment of humankind.

“The advancement of AI is going beyond the electronics industry and expanding to various fields, such as basic science. We expect AI to provide solutions to social issues such as climate change and environmental pollution in the future, but there are still many challenges to tackle to make this possible,” Kim, who doubles as CEO of device solutions at Samsung Electronics, said in his opening speech of Samsung AI Forum.

In its fifth edition this year, the event kicked off Monday for a two-day run, with world-renowned AI experts participating virtually. It was livestreamed on Samsung Electronics’ YouTube channel.

The first day of the forum was hosted by Samsung’s R&D hub dedicated to cutting-edge future technologies, the Samsung Advanced Institute of Technology.

The second day will be hosted by the company’s R&D hub dedicated to consumer electronics, IT and the mobile communications division.

The company also announced this year’s winners of the Samsung AI researcher of the year award on the first day of the forum.

The awards were launched last year to recognize rising AI researchers globally.

This year’s awards went to Georgia Tech professor Diyi Yang, MIT professor Jacob Andreas, Georgia Tech professor Judy Hoffman, MIT professor Phillip Isola and Oxford University professor Yarin Gal.

“I’ll put more effort into further developing the current AI system to realize AI that is close to natural intelligence,” said Isola.

Monday also marked the 52nd anniversary of Samsung Electronics’ foundation.

Kim, in his address to employees, called on the need to prepare for the changes the future is to bring to the society.

“It is time to find a new growth engine in the super-intelligent society that will develop over the next 10 years and ask ourselves whether we will be able to stand as the most highly rated century-old company,” he said.

Kim added, “The Big Bang will arrive, where new business models and products will be rapidly evolving in all sectors of daily life,” and that they must prepare by switching to a management system that can respond preemptively for such changes.

By Hong Yoo ([email protected])

http://www.koreaherald.com/view.php?ud=20211101000845…