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Solar Panel Recycling Market to Surpass US$ 1,049.4 Million by 2030 – CoherentMI

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CoherentMI published a report, titledSolar Panel Recycling Market is estimated to value at US$ 298 Million in the year 2023 and is anticipated to reach US$ 1,049.4 Million by 2030, at a CAGR of 19.7% during forecast period 2023-2030.

The solar panel recycling market is driven by the increasing adoption of renewable energy sources, particularly solar energy, across the globe. As the demand for solar panels continues to rise, there is a growing need for proper disposal and recycling of end-of-life solar panels. This is primarily due to the presence of toxic materials such as lead, cadmium, and silicon in solar panels, which require proper treatment to prevent harm to the environment and human health.

Furthermore, stringent government regulations and policies aimed at reducing electronic waste and promoting sustainable energy solutions are further driving the market growth. These policies mandate manufacturers to establish recycling infrastructure and take responsibility for the end-of-life management of solar panels, thereby boosting the adoption of solar panel recycling services.

Market Trends:

Increasing investments in solar panel recycling infrastructure: With the growing awareness about the environmental impact of improperly disposed solar panels, there is an increasing trend of investments in solar panel recycling infrastructure. Various government agencies and private organizations are investing in specialized recycling facilities equipped with advanced technologies to efficiently recycle solar panels and recover valuable materials from them.

Technological advancements in solar panel recycling: The market is witnessing significant advancements in recycling technologies for solar panels. These advancements aim to improve the efficiency and effectiveness of the recycling process, enabling the recovery of a higher percentage of valuable materials from end-of-life solar panels. Innovations such as robotic dismantling, chemical recycling, and thermal treatment are expected to drive the growth of the solar panel recycling market in the coming years.

Recent development:

  • In January 2021, RecyclePV introduced the DolarCYCLE modular PV recycling saystem, which recycles various types of solar panels in an eco-friendly manner.
  • In September 2020, Reclaim PV Recycling has announced the opening of a new solar panel recycling factory in France.

Market Opportunities in the Solar Panel Recycling Industry:

Increasing Adoption of Solar Energy

As the world strives towards achieving a cleaner and sustainable energy future, the adoption of solar energy has witnessed tremendous growth. This surge in solar panel installations has subsequently led to an increased need for solar panel recycling. The market opportunity lies in effectively recycling and reusing the materials used in solar panels to reduce waste and minimize the environmental impact of the solar industry.

Government Initiatives and Regulations

Governments across the globe are implementing stringent regulations and policies to promote sustainable energy practices. Several countries have mandated the proper disposal and recycling of solar panels. This regulatory push creates a significant market opportunity for solar panel recycling companies to meet the growing demand for responsible end-of-life management of solar panels.

Market Key Takeaways in the Solar Panel Recycling Industry:

  • Solar Panel Recycling Market is anticipated to witness a CAGR of 19.7% during the forecast period 2023-2030, owing to the increasing adoption of solar energy and government initiatives promoting sustainable energy practices.
  • On the basis of Panel Type, the Monocrystalline Silicon Solar Panel segment is expected to hold a dominant position. This can be attributed to the higher efficiency and longevity of monocrystalline silicon solar panels compared to other panel types.
  • On the basis of Resin Process, the Thermal method is anticipated to dominate the market. The thermal process provides effective recycling solutions by separating the glass, metal, and silicon elements of the solar panels, ensuring maximum resource recovery.
  • In terms of Shelf Life, the Early Loss segment is expected to dominate. This segment includes solar panels that have experienced premature failure due to manufacturing defects or improper installation, presenting a significant opportunity for recyclers to salvage valuable materials.
  • In the End-User segment, the Residential sector is expected to have a dominant position. This is due to the increasing adoption of solar panels by homeowners for residential energy generation, leading to a higher volume of end-of-life panels that need recycling.
  • From a regional perspective, Asia Pacific is projected to dominate the solar panel recycling market. Rapid industrialization, government support, and a large installed base of solar panels in countries like China and India contribute to the market’s growth in this region.
  • Key players operating in the solar panel recycling market include Reclaim PV Recycling, Silcontel, Rinovasol, RecyclePV, ECS Refining, REMA PV Systems, Dongfas Group, Rinovasol Group, Envaris, Recycle Solar Technologies Limited, Experia Solution, CCL Recycling, PV Cycle, First Solar, Aurora Solar Recycling, Solarcycle Recycling, and PV Recycling. These companies are actively involved in the collection, processing, and recycling of solar panels, contributing to the sustainability of the solar energy industry.

Read complete market research report, “Solar Panel Recycling Market, By Panel Type, By Process, By Shelf Life, By End User, By Region, and other Segment Forecast 2023-2030“, Published by CoherentMI.

Solar Panel Recycling Market Segmentation:

  • By Panel Type
    • Monocrystalline Silicon Solar Panels
    • Polycrystalline Silicon Solar Panels
    • Thin Film Solar Panels
    • Others (Cadmium Telluride (CdTe), Copper Indium Gallium Selenide (CIGS))
  • By Process
    • Thermal
    • Mechanical
    • Laser
    • Chemical
    • Others (Shot blasting, magnetic, gravity)
  • By Shelf Life
    • Early Loss
    • Normal Loss
    • Degradation Loss
    • Others (slow loss, rapid loss)
  • By End User
    • Residential
    • Commercial & Industrial
    • Utility
  • By Region
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Europe
      • Germany
      • U.K.
      • Spain
      • France
      • Italy
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • Rest of Asia Pacific
    • Middle East & Africa
      • South Africa
      • GCC Countries
      • Rest of Middle East & Africa

In conclusion, the solar panel recycling market is poised for significant growth due to the increasing adoption of solar energy and government initiatives promoting sustainability. The dominant segments include Monocrystalline Silicon Solar Panels, Thermal Resin Process, Early Loss Shelf Life, and the Residential End-User sector. The Asia Pacific region leads the market, and key players are actively involved in recycling activities to ensure a sustainable future for the solar energy industry.

FAQ’s:

1.  What factors are impeding the growth of the Solar Panel Recycling Market?

2.  What are the primary drivers fueling the growth of the Solar Panel Recycling Market?

3.  Which segment dominates as the leading component in the Solar Panel Recycling Market?

4.  Who are the key players actively participating in the Solar Panel Recycling Market?

5.  Which region is expected to take the lead in the Solar Panel Recycling Market?

6.  What is the projected CAGR of the Solar Panel Recycling Market?

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Artificial Intelligence

Compact Solutions, Mighty Results: Cervoz Unleashes the Power of Edge Computing

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TAIPEI, May 20, 2024 /PRNewswire/ — Cervoz Technology, a leader in industrial-grade storage, memory, and expansion solutions, is powering the evolution of edge computing with its innovative solutions.

In today’s data-rich landscape, businesses rely on insights from IoT devices. With advancements in AI and 5G, data volumes surge, straining traditional cloud computing with bandwidth and latency issues. Edge Computing emerges as a solution, processing data at its source for real-time insights crucial for applications like digital twins, autonomous vehicles, and smart healthcare.
What is Edge Computing?
Edge Computing is a decentralized IT architecture that processes data near its origin, often at the network’s edge. This approach divides tasks from central data centers to edge devices and nodes. It enables faster, deeper insights and enhances responsiveness, improving speed and reducing latency compared to centralized clouds. Typically, an Edge Computing system comprises three layers: device, edge, and cloud.
The Device Layer
The device layer, situated closest to the physical world, comprises endpoint devices such as sensors, controllers, and cameras, among others. The layer prioritizes data collection and initial processing for real-time response and efficiency. It requires highly reliable, compact, and energy-efficient components. Cervoz’s M.2 2230 (A+E key /B+M key) NVMe SSDs and DDR4 SO-DIMM modules optimize this setup with fast data access and efficient storage in space-saving designs. They operate reliably across a wide temperature range (-40°C to 85°C) and feature additional conformal coating and anti-vibration filling for enhanced performance in harsh environments.
The Edge Layer
The edge layer, composed of edge servers and gateways, serves as a crucial link between device-layer data sources and cloud-based operations. It is designed for extensive data handling, filtering, and analytics, emphasizing quick operations and real-time responses to minimize reliance on remote data centers. For optimal performance, components must manage high processing loads with minimal latency and maximum stability. NVMe SSDs boasting PCIe Gen3 or higher, such as the Cervoz NVMe PCIe Gen3x4 SSD, with compact M.2 form factors, advanced DRAM cache buffer, and LDPC ECC technology, are perfectly suited for the edge layer. These SSDs enable efficient directory and error correction during high-speed data transfers, thus enhancing data accuracy and reliability.
The Cloud Layer
The cloud layer requires intensive processing and long-term storage, performing analytics, operating AI and machine learning, and managing extensive data systems across various edge locations. It demands high-performing and reliable components. Cervoz NVMe PCIe Gen4x4 SSDs excel with Read/Write speeds of up to 7,100/6,190 MB/s and 4K random IOPS up to 1,000K, with aluminum heatsinks and thermal throttling for overheating issues. DDR5-5600 DRAM boosts this setup with high data throughput and efficient power use, satisfying rigorous computational needs.
Interlayer Connectivity
Reliable, low-latency network connectivity is crucial as data flows between the device layer, edge, and cloud. Cervoz 10GbE Low-Profile Ethernet Card provides high-speed, stable wired connections in high-bandwidth, low-latency environments. Additionally, the new PCIe Compact Low-Profile Ethernet Card is ideal for narrow edge device enclosures. For areas where wiring is impractical, M.2 Wi-Fi cards offer essential wireless flexibility. These connectivity options ensure a solid foundation for seamless data management across all layers.
Cervoz offers comprehensive solutions to enhance edge computing capabilities. From compact NVMe SSDs and DRAM modules, to advanced modular expansion cards, enabling seamless integration, optimized performance, and unmatched reliability in edge computing deployments.
About Cervoz
Based in Taiwan, Cervoz Technology boasts almost twenty years of expertise in developing and providing industrial-grade storage, memory, and expansion solutions across a myriad of global industrial sectors.
ContactsSales: [email protected] 
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Artificial Intelligence

Team Exponentia.ai UK attended the AWS summit in London

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Team Exponentia.ai UK celebrates Sanjay Kumar’s insightful session at the AWS summit in London
LONDON, May 20, 2024 /PRNewswire/ — Sanjay Kumar, Head of Exponentia.ai in UK & Europe, delivered an impactful presentation on Driving Manufacturing Innovation through AWS Analytics & AI. The recently concluded AWS Summit took place on the 24th of April in ExCeL, London.

Sanjay shared the stage at Theatre B with Adrian Pinder from DS Smith and Ahmed Raafat from AWS, captivating the audience with insights and experiences from Exponentia.ai’s collaboration with DS Smith.
During the session, Sanjay Kumar highlighted Exponentia.ai’s impressive use cases and case studies, including the Data Factory and Procurement Spend Analytics (PSA) projects undertaken in partnership with DS Smith. These initiatives demonstrated Exponentia.ai’s commitment to leveraging the AWS ecosystem to drive operational efficiency and business growth in the manufacturing sector.
The Exponentia.ai team seized the opportunity to engage with industry peers, partners, and friends, while also exploring the latest innovations showcased at the summit. Their participation in various sessions and visits to innovative booths further enriched their understanding of industry trends and best practices.
Reflecting on the event, Sanjay Kumar expressed his enthusiasm, stating, “The AWS Summit in London provided an excellent platform for us to showcase our expertise in manufacturing analytics and AI. The overwhelming response from attendees reaffirms the value of our solutions in driving innovation and transformation across industries and our commitment to deliver value to our customers through data. We look forward to continuing our collaboration with AWS and our partners to deliver impactful outcomes for our clients.”
The AWS Summit London 2024 marked a significant milestone for Exponentia.ai, reinstating its commitment to excellence and innovation in the field of AI and analytics. As the team eagerly anticipates future events, they remain dedicated to empowering businesses with transformative technology solutions.
For more information about Exponentia.ai and its innovative offerings, please visit www.exponentia.ai. 
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Artificial Intelligence

Clarivate Launches AI-Enhanced Solution to Accelerate Trademark Watching

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Providing faster and more accurate answers to critical business questions
LONDON, May 20, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, launched the first publicly available version of Trademark Watch Analyzer today at the 2024 International Trademark Association Annual Meeting. As the next-generation trademark protection solution enhanced by artificial intelligence (AI) and cloud technology, this solution combines Clarivate global trademark and case law data, in-house IP expertise, and cutting-edge AI technology. It will provide faster and more accurate answers to critical business questions by automating key trademark watching tasks and intelligently prioritizing result sets.

Trademark Watch Analyzer connects users to trademark datasets in 258 countries and territories across 191 official trademark registers, as well as data from 7+ million trademark litigation cases. This content is harmonized and connected through AI algorithms which query, connect and mine both datasets delivering advanced insights in supported watch products. This revolutionizes the way trademark watch results are delivered, so that clients can rank results based on their chance of success/opposition.
According to data from SAEGIS®, a CompuMark™ trademark solution from Clarivate, the number of trademark applications filed globally each year has more than doubled since 2014. With over one million new trademarks added to trademark registers around the world each month, the risk of infringement has never been greater, making vigilance of trademark applications essential to protect and grow strong brands.
Gordon Samson, President, Intellectual Property, Clarivate, said: “As the global business landscape grows more complex, trademark professionals are faced with challenges including more data, less context and shorter deadlines. Our advanced AI-driven solution enables clients to confidently monitor their trademarks anywhere in the world, with global monitoring and automated alerts, while also saving time, costs and critical resources. The launch of the Trademark Watch Analyzer is the latest example of our Think forward™ promise — connecting clients to trusted intelligence to ensure an IP-empowered tomorrow.”
With a more intuitive design and user interface, Trademark Watch Analyzer will enable clients to have a much-improved user experience as they work with their results. The navigation will be based on the same architecture as the Brand Landscape Analyzer launched in 2023, providing clients with a more cohesive experience within the Clarivate product suite.
Find out more about Trademark Watch Analyzer here.
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact: Jack Wan, External Communications Director [email protected]
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