• Courseware for Engineering Students | Magic Marks
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    Courseware for Engineering Students | Magic Marks http://www.magicmarks.in/couraseware/ Magic Marks is a digital learning solution for engineering students, including lessons from Applied Sciences, Electronics, Civil, and Mechanical engineering.
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  • High Quality Engineering Video Lectures for Students | Magic Marks
    http://www.magicmarks.in/engineering-video-lecture.html
    Magic Marks offers comprehensive and high-quality engineering video lectures in Applied Sciences, Mechanical, Civil, and Electronics streams.
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  • Quality inspection of 3/8 pitch low profile
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  • Why Will North America Dominate Satellite Spectrum Monitoring Market?

    By 2030, the worldwide satellite spectrum monitoring market is predicted to reach $6,127.3 million from $3,291.2 million in 2021. It is expected to advance at a CAGR of 7.1% from 2021 to 2030 owing to the need for improving signal interference because of satellite proliferation and rising spectrum congestion, as a result. Moreover, the increasing investment spending by entrepreneurs in this business, coupled with government initiatives, will help the market boom. Moreover, the space sector will experience significant growth due to innovations such as air-breathing propulsion systems, electronic propulsion systems, and reusable launch vehicles.

    As the count of internet users rises, the volume of the data generated is also increasing, which congests the satellite spectrum. This will drive the satellite spectrum monitoring market, as a smoothly working spectrum is necessary for fast data transmission . In 2021, there were approximately 5.2 billion internet users all around the world, as per Internet World Stats. The surging usage of non-geostationary orbit satellite systems, 5G, high-altitude platform stations, and IoT will compel IT and telecom to utilize multiple frequencies of the radio spectrum, thereby driving the market.

    Networks are economical and also offer adequate data transfer rates, thus giving better comfort and mobility to users. However, economical pricing results in increased signal traffic, which deteriorates the quality of the service by leading to congestion and interference in the satellite spectrum. This emphasizes the dire need to constantly look at the spectrum’s current state with regulators, which is consequently resulting in a higher need for an advanced satellite spectrum monitoring system. The system spots the less-efficient areas and provides an interference-free atmosphere for several services and users. Furthermore, there is a skyrocketing demand for these systems due to the rising count of global satellite launches.

    In the frequency segment of the satellite spectrum monitoring market, the super-high frequency category is projected to advance at an 8.1% CAGR in the coming years. This is because the SHF frequency, which falls in the 3–30 GHz range, is the most-widely used frequency band for satellite communication. This is because the waves under this band are immune to drastic weather changes and transfer loads of data at the same time. Furthermore, the increase in the availability of 5G connectivity will spur the market growth.

    Under the solution segment, the satellite spectrum monitoring market can be bifurcated into hardware solutions and software solutions. The hardware category generated more than 60% of the total market revenue in 2021. This can be attributed to the enhanced and swift satellite signal monitoring solutions that are being offered by semiconductor & electronics companies. To authenticate satellite signal validity till 27 GHz, it detects huge blocks of the spectrum, along with conducting a precise digital modulation analysis.

    North America dominated the satellite spectrum monitoring market in 2021, standing at revenue of $1,291.2 million. This trend will continue in the forecast period, with the market predicted to grow at a CAGR of 7.0%. This can be ascribed to the existence of highly competitive market players who provide and improve the satellite spectrum monitoring solutions. For instance, Amazon and SpaceX have recently launched satellites for network and broadband applications. This will further push wireless technology usage and crowd the unlicensed spectrum, thus driving the need for monitoring solutions.

    With an increasing number of internet users, coupled with the enormous investments by entrepreneurs, the market will observe significant growth.

    Read More: https://www.psmarketresearch.com/market-analysis/satellite-spectrum-monitoring-market
    Why Will North America Dominate Satellite Spectrum Monitoring Market? By 2030, the worldwide satellite spectrum monitoring market is predicted to reach $6,127.3 million from $3,291.2 million in 2021. It is expected to advance at a CAGR of 7.1% from 2021 to 2030 owing to the need for improving signal interference because of satellite proliferation and rising spectrum congestion, as a result. Moreover, the increasing investment spending by entrepreneurs in this business, coupled with government initiatives, will help the market boom. Moreover, the space sector will experience significant growth due to innovations such as air-breathing propulsion systems, electronic propulsion systems, and reusable launch vehicles. As the count of internet users rises, the volume of the data generated is also increasing, which congests the satellite spectrum. This will drive the satellite spectrum monitoring market, as a smoothly working spectrum is necessary for fast data transmission . In 2021, there were approximately 5.2 billion internet users all around the world, as per Internet World Stats. The surging usage of non-geostationary orbit satellite systems, 5G, high-altitude platform stations, and IoT will compel IT and telecom to utilize multiple frequencies of the radio spectrum, thereby driving the market. Networks are economical and also offer adequate data transfer rates, thus giving better comfort and mobility to users. However, economical pricing results in increased signal traffic, which deteriorates the quality of the service by leading to congestion and interference in the satellite spectrum. This emphasizes the dire need to constantly look at the spectrum’s current state with regulators, which is consequently resulting in a higher need for an advanced satellite spectrum monitoring system. The system spots the less-efficient areas and provides an interference-free atmosphere for several services and users. Furthermore, there is a skyrocketing demand for these systems due to the rising count of global satellite launches. In the frequency segment of the satellite spectrum monitoring market, the super-high frequency category is projected to advance at an 8.1% CAGR in the coming years. This is because the SHF frequency, which falls in the 3–30 GHz range, is the most-widely used frequency band for satellite communication. This is because the waves under this band are immune to drastic weather changes and transfer loads of data at the same time. Furthermore, the increase in the availability of 5G connectivity will spur the market growth. Under the solution segment, the satellite spectrum monitoring market can be bifurcated into hardware solutions and software solutions. The hardware category generated more than 60% of the total market revenue in 2021. This can be attributed to the enhanced and swift satellite signal monitoring solutions that are being offered by semiconductor & electronics companies. To authenticate satellite signal validity till 27 GHz, it detects huge blocks of the spectrum, along with conducting a precise digital modulation analysis. North America dominated the satellite spectrum monitoring market in 2021, standing at revenue of $1,291.2 million. This trend will continue in the forecast period, with the market predicted to grow at a CAGR of 7.0%. This can be ascribed to the existence of highly competitive market players who provide and improve the satellite spectrum monitoring solutions. For instance, Amazon and SpaceX have recently launched satellites for network and broadband applications. This will further push wireless technology usage and crowd the unlicensed spectrum, thus driving the need for monitoring solutions. With an increasing number of internet users, coupled with the enormous investments by entrepreneurs, the market will observe significant growth. Read More: https://www.psmarketresearch.com/market-analysis/satellite-spectrum-monitoring-market
    WWW.PSMARKETRESEARCH.COM
    Satellite Spectrum Monitoring Market Forecast, 2022-2030
    The global satellite spectrum monitoring market size was around $3,291.2 million in 2021, which is projected to advance at a compound annual growth rate of 7.1% during 2021–2030.
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  • The global precious metals market size was USD 261.94 billion in 2020. The industry is expected to expand from USD 275.40 billion in 2021 to USD 403.08 billion in 2028, exhibiting a CAGR of 5.6% from 2021 to 2028. The rise can be credited to increasing disposable incomes and changing lifestyle choices across various regions.

    Information Source - https://www.fortunebusinessinsights.com/precious-metals-market-105747

    Segments:

    Gold Segment to Register Notable Growth Due to Escalating Disposable Income

    Based on type, the market for precious metals is segmented into silver, gold, and platinum group metals. The gold segment is expected to record commendable expansion over the forecast period. The rise can be attributed to the surging disposable income and escalating knowledge regarding investments among consumers. Based on region, the industry is subdivided into Europe, Asia Pacific, North America, South America, and the Middle East & Africa.

    Industrial Segment to Record Commendable Surge Impelled by Growing Silver Demand

    Based on application, the industry for precious metals is fragmented into jewelry, industrial, investments, and others. Of these, the industrial segment is anticipated to depict considerable growth over the estimated period. The expansion can be credited to the surging silver demand from photovoltaic manufacturers. The segmental growth is further being driven by the rising demand for solar panels.

    Report Coverage:

    The report provides an in-depth analysis of the major trends that are expected to drive business growth over the forthcoming years. It further gives a comprehensive coverage of the key factors anticipated to impel the industry landscape across various regions. Additional aspects of the report comprise the significant steps taken by leading companies for the consolidation of their market position.

    Drivers and Restraints:

    Market Value to Surge Driven by Changing Lifestyle Choices & Surging Disposable Income

    Precious metals market growth is primarily being impelled by the changing lifestyle choices and surging disposable income. This is further being supplemented by the escalating significance of jewelry in the wedding ceremonies of India, China, and other South Asian countries. Besides, gold is considered as a safe haven for investment.

    However, the industry growth is likely to be hindered by a range of factors such as government reserves, geopolitical uncertainties, inflation, currency fluctuations, and others.

    Regional Insights:

    Asia Pacific to Emerge as Major Region Due to Presence of Electronics & Electrical Industry in the Region

    Asia Pacific precious metals market share is anticipated to register substantial growth through the forecast period. The surge can be credited to the presence of the largest electronics & electrical industry in the region. Further, India and China are key consumers of gold, which is expected to favor industry expansion to a considerable extent.

    The North America region is set to record commendable expansion over the estimated period. The rise can be attributed to robust manufacturing capabilities in the U.S. and the presence of precious mineral mines in the region.

    Competitive Landscape:

    Market Players Enter Partnership Agreements to Strengthen Industry Presence

    Leading companies are striking partnership deals and collaborations to strengthen their market presence. Several industry participants are focusing on a range of strategies including mergers, acquisitions, and the launch of new products to secure a competitive edge. Some of the additional initiatives include surging participation in trade fairs and conferences.
    The global precious metals market size was USD 261.94 billion in 2020. The industry is expected to expand from USD 275.40 billion in 2021 to USD 403.08 billion in 2028, exhibiting a CAGR of 5.6% from 2021 to 2028. The rise can be credited to increasing disposable incomes and changing lifestyle choices across various regions. Information Source - https://www.fortunebusinessinsights.com/precious-metals-market-105747 Segments: Gold Segment to Register Notable Growth Due to Escalating Disposable Income Based on type, the market for precious metals is segmented into silver, gold, and platinum group metals. The gold segment is expected to record commendable expansion over the forecast period. The rise can be attributed to the surging disposable income and escalating knowledge regarding investments among consumers. Based on region, the industry is subdivided into Europe, Asia Pacific, North America, South America, and the Middle East & Africa. Industrial Segment to Record Commendable Surge Impelled by Growing Silver Demand Based on application, the industry for precious metals is fragmented into jewelry, industrial, investments, and others. Of these, the industrial segment is anticipated to depict considerable growth over the estimated period. The expansion can be credited to the surging silver demand from photovoltaic manufacturers. The segmental growth is further being driven by the rising demand for solar panels. Report Coverage: The report provides an in-depth analysis of the major trends that are expected to drive business growth over the forthcoming years. It further gives a comprehensive coverage of the key factors anticipated to impel the industry landscape across various regions. Additional aspects of the report comprise the significant steps taken by leading companies for the consolidation of their market position. Drivers and Restraints: Market Value to Surge Driven by Changing Lifestyle Choices & Surging Disposable Income Precious metals market growth is primarily being impelled by the changing lifestyle choices and surging disposable income. This is further being supplemented by the escalating significance of jewelry in the wedding ceremonies of India, China, and other South Asian countries. Besides, gold is considered as a safe haven for investment. However, the industry growth is likely to be hindered by a range of factors such as government reserves, geopolitical uncertainties, inflation, currency fluctuations, and others. Regional Insights: Asia Pacific to Emerge as Major Region Due to Presence of Electronics & Electrical Industry in the Region Asia Pacific precious metals market share is anticipated to register substantial growth through the forecast period. The surge can be credited to the presence of the largest electronics & electrical industry in the region. Further, India and China are key consumers of gold, which is expected to favor industry expansion to a considerable extent. The North America region is set to record commendable expansion over the estimated period. The rise can be attributed to robust manufacturing capabilities in the U.S. and the presence of precious mineral mines in the region. Competitive Landscape: Market Players Enter Partnership Agreements to Strengthen Industry Presence Leading companies are striking partnership deals and collaborations to strengthen their market presence. Several industry participants are focusing on a range of strategies including mergers, acquisitions, and the launch of new products to secure a competitive edge. Some of the additional initiatives include surging participation in trade fairs and conferences.
    Precious Metals Market Size, Industry Share, Global Trends, Forecast, 2030
    The global precious metals market is projected to grow from $275.40 billion in 2021 to $403.08 billion in 2028 at a CAGR of 5.6% in forecast period, 2021-2028
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  • The global e-waste management market size was valued at 49.29 million tons in 2021 and touched 50.47 million tons in 2022. The market is expected to exhibit strong growth by reaching 63.22 million tons by 2029, exhibiting a CAGR of 3.3% during the forecast period. Increasing circular economy adoption and e-waste handling initiatives and activities are expected to enhance the industry’s growth. Fortune Business Insights™ presents this information in its report titled “E-waste Management Market 2022-2029”.

    Information Source - https://www.fortunebusinessinsights.com/e-waste-management-market-102896

    Segments

    Small Equipment Segment to Lead Owing to Strong Demand

    By category analysis, the market is segmented into temperature exchange equipment, screens and monitors, lamps, large equipment, small equipment, and small IT and telecommunication equipment. The small equipment segment is projected to lead, owing to its rising demand.

    Unrecycled Segment to Grow Substantially Owing to Lack of Awareness Regarding Negative Environmental Effects of E-waste

    As per type, the market is bifurcated into recycled and unrecycled. The unrecycled segment is expected to lead due to the lack of awareness regarding the negative environmental effects of e-waste.

    Regionally, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

    Report Coverage

    The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

    Driving Factors

    Stringent Guidelines Regarding E-waste Disposal to Bolster Industry Growth

    E-waste management is initiative undertaken to manage e-waste disposal effectively. Stringent guidelines regarding e-waste disposals are likely to elevate electronics-waste handling solutions’ demand. Further, the increasing prevalence of electronics is likely to allow companies to expand their activities. Moreover, the rising adoption of smartphones has elevated e-waste production. Also, governments undertake several initiatives to overcome e-waste production. For example, the Indian government initiated electronic waste handling solutions’ rules for consumers, bulk consumers, dismantlers, and others responsible for the sale, transfer, manufacturing, and equipment processing. These factors may drive the e-waste management market growth.

    However, a lack of awareness regarding e-waste disposal may hamper the industry’s progress.

    Regional Insights

    Rising Consumption of Electronic and Electrical Components to Foster Market Growth in Asia Pacific

    The market in Asia Pacific stood at 21.76 million tons and is expected to gain a huge portion of the global e-waste management market share in the coming years. Further, the increasing manufacturing and rising consumption of electrical and electronic components are expected to bolster service adoption.

    In Europe, increasing reusing and e-waste recycling may bolster the demand for management services of e-waste. Furthermore, rising government initiatives for sustainable and greener solutions may bolster service adoption.

    Competitive Landscape

    Key Players Deploy Partnerships to Bolster their Brand Image

    The prominent companies operating in the market deploy partnerships to bolster their brand image. For example, ERI partnered with CellBlock FCS and Call2Recycle to develop an Innovative Battery Collection Solution, OneDrum, in April 2022. The solution was created to allow consumers to transport and place huge consumer single-use and rechargeable battery volumes in a single suitable container. This factor may allow the companies to elevate their brand image. Furthermore, companies opt for acquisitions, mergers, partnerships, and innovations to foster their market position.

    Key Industry Development

    February 2022: A South Korean construction company SK Ecoplant completed the acquisition of TES, an IT Asset Disposal (ITAD) and e-waste firm, for USD 1 billion.
    List of Key Players Profiled in the Report

    Capital Environment Holdings Limited (Hong Kong)
    Eri (U.S.)
    Enviro-Hub Holdings Ltd. (Singapore)
    Sembcorp Environmental Management (Singapore)
    Tes (Japan)
    Tetronics Technologies Limited (U.K.)
    Umicore Ag & Co. Kg (Germany)
    Veolia (France)
    WM Intellectual Property Holdings, L.L.C. (U.S.)
    Sims Lifecycle Services, Inc. (U.S.)
    Boliden AB (Sweden)
    The global e-waste management market size was valued at 49.29 million tons in 2021 and touched 50.47 million tons in 2022. The market is expected to exhibit strong growth by reaching 63.22 million tons by 2029, exhibiting a CAGR of 3.3% during the forecast period. Increasing circular economy adoption and e-waste handling initiatives and activities are expected to enhance the industry’s growth. Fortune Business Insights™ presents this information in its report titled “E-waste Management Market 2022-2029”. Information Source - https://www.fortunebusinessinsights.com/e-waste-management-market-102896 Segments Small Equipment Segment to Lead Owing to Strong Demand By category analysis, the market is segmented into temperature exchange equipment, screens and monitors, lamps, large equipment, small equipment, and small IT and telecommunication equipment. The small equipment segment is projected to lead, owing to its rising demand. Unrecycled Segment to Grow Substantially Owing to Lack of Awareness Regarding Negative Environmental Effects of E-waste As per type, the market is bifurcated into recycled and unrecycled. The unrecycled segment is expected to lead due to the lack of awareness regarding the negative environmental effects of e-waste. Regionally, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. Driving Factors Stringent Guidelines Regarding E-waste Disposal to Bolster Industry Growth E-waste management is initiative undertaken to manage e-waste disposal effectively. Stringent guidelines regarding e-waste disposals are likely to elevate electronics-waste handling solutions’ demand. Further, the increasing prevalence of electronics is likely to allow companies to expand their activities. Moreover, the rising adoption of smartphones has elevated e-waste production. Also, governments undertake several initiatives to overcome e-waste production. For example, the Indian government initiated electronic waste handling solutions’ rules for consumers, bulk consumers, dismantlers, and others responsible for the sale, transfer, manufacturing, and equipment processing. These factors may drive the e-waste management market growth. However, a lack of awareness regarding e-waste disposal may hamper the industry’s progress. Regional Insights Rising Consumption of Electronic and Electrical Components to Foster Market Growth in Asia Pacific The market in Asia Pacific stood at 21.76 million tons and is expected to gain a huge portion of the global e-waste management market share in the coming years. Further, the increasing manufacturing and rising consumption of electrical and electronic components are expected to bolster service adoption. In Europe, increasing reusing and e-waste recycling may bolster the demand for management services of e-waste. Furthermore, rising government initiatives for sustainable and greener solutions may bolster service adoption. Competitive Landscape Key Players Deploy Partnerships to Bolster their Brand Image The prominent companies operating in the market deploy partnerships to bolster their brand image. For example, ERI partnered with CellBlock FCS and Call2Recycle to develop an Innovative Battery Collection Solution, OneDrum, in April 2022. The solution was created to allow consumers to transport and place huge consumer single-use and rechargeable battery volumes in a single suitable container. This factor may allow the companies to elevate their brand image. Furthermore, companies opt for acquisitions, mergers, partnerships, and innovations to foster their market position. Key Industry Development February 2022: A South Korean construction company SK Ecoplant completed the acquisition of TES, an IT Asset Disposal (ITAD) and e-waste firm, for USD 1 billion. List of Key Players Profiled in the Report Capital Environment Holdings Limited (Hong Kong) Eri (U.S.) Enviro-Hub Holdings Ltd. (Singapore) Sembcorp Environmental Management (Singapore) Tes (Japan) Tetronics Technologies Limited (U.K.) Umicore Ag & Co. Kg (Germany) Veolia (France) WM Intellectual Property Holdings, L.L.C. (U.S.) Sims Lifecycle Services, Inc. (U.S.) Boliden AB (Sweden)
    E-waste Management Market Share & Industry Growth [2029]
    The global e-waste management market is projected to grow from 50.47 million tons in 2022 to 63.22 million tons by 2029, at a CAGR of 3.3% in forecast period
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  • The global e-waste management market size was valued at 49.29 million tons in 2021 and touched 50.47 million tons in 2022. The market is expected to exhibit strong growth by reaching 63.22 million tons by 2029, exhibiting a CAGR of 3.3% during the forecast period. Increasing circular economy adoption and e-waste handling initiatives and activities are expected to enhance the industry’s growth. Fortune Business Insights™ presents this information in its report titled “E-waste Management Market 2022-2029”.

    Information Source - https://www.fortunebusinessinsights.com/e-waste-management-market-102896

    Segments

    Small Equipment Segment to Lead Owing to Strong Demand

    By category analysis, the market is segmented into temperature exchange equipment, screens and monitors, lamps, large equipment, small equipment, and small IT and telecommunication equipment. The small equipment segment is projected to lead, owing to its rising demand.

    Unrecycled Segment to Grow Substantially Owing to Lack of Awareness Regarding Negative Environmental Effects of E-waste

    As per type, the market is bifurcated into recycled and unrecycled. The unrecycled segment is expected to lead due to the lack of awareness regarding the negative environmental effects of e-waste.

    Regionally, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

    Report Coverage

    The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

    Driving Factors

    Stringent Guidelines Regarding E-waste Disposal to Bolster Industry Growth

    E-waste management is initiative undertaken to manage e-waste disposal effectively. Stringent guidelines regarding e-waste disposals are likely to elevate electronics-waste handling solutions’ demand. Further, the increasing prevalence of electronics is likely to allow companies to expand their activities. Moreover, the rising adoption of smartphones has elevated e-waste production. Also, governments undertake several initiatives to overcome e-waste production. For example, the Indian government initiated electronic waste handling solutions’ rules for consumers, bulk consumers, dismantlers, and others responsible for the sale, transfer, manufacturing, and equipment processing. These factors may drive the e-waste management market growth.

    However, a lack of awareness regarding e-waste disposal may hamper the industry’s progress.

    Regional Insights

    Rising Consumption of Electronic and Electrical Components to Foster Market Growth in Asia Pacific

    The market in Asia Pacific stood at 21.76 million tons and is expected to gain a huge portion of the global e-waste management market share in the coming years. Further, the increasing manufacturing and rising consumption of electrical and electronic components are expected to bolster service adoption.

    In Europe, increasing reusing and e-waste recycling may bolster the demand for management services of e-waste. Furthermore, rising government initiatives for sustainable and greener solutions may bolster service adoption.

    The global e-waste management market size was valued at 49.29 million tons in 2021 and touched 50.47 million tons in 2022. The market is expected to exhibit strong growth by reaching 63.22 million tons by 2029, exhibiting a CAGR of 3.3% during the forecast period. Increasing circular economy adoption and e-waste handling initiatives and activities are expected to enhance the industry’s growth. Fortune Business Insights™ presents this information in its report titled “E-waste Management Market 2022-2029”. Information Source - https://www.fortunebusinessinsights.com/e-waste-management-market-102896 Segments Small Equipment Segment to Lead Owing to Strong Demand By category analysis, the market is segmented into temperature exchange equipment, screens and monitors, lamps, large equipment, small equipment, and small IT and telecommunication equipment. The small equipment segment is projected to lead, owing to its rising demand. Unrecycled Segment to Grow Substantially Owing to Lack of Awareness Regarding Negative Environmental Effects of E-waste As per type, the market is bifurcated into recycled and unrecycled. The unrecycled segment is expected to lead due to the lack of awareness regarding the negative environmental effects of e-waste. Regionally, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. Driving Factors Stringent Guidelines Regarding E-waste Disposal to Bolster Industry Growth E-waste management is initiative undertaken to manage e-waste disposal effectively. Stringent guidelines regarding e-waste disposals are likely to elevate electronics-waste handling solutions’ demand. Further, the increasing prevalence of electronics is likely to allow companies to expand their activities. Moreover, the rising adoption of smartphones has elevated e-waste production. Also, governments undertake several initiatives to overcome e-waste production. For example, the Indian government initiated electronic waste handling solutions’ rules for consumers, bulk consumers, dismantlers, and others responsible for the sale, transfer, manufacturing, and equipment processing. These factors may drive the e-waste management market growth. However, a lack of awareness regarding e-waste disposal may hamper the industry’s progress. Regional Insights Rising Consumption of Electronic and Electrical Components to Foster Market Growth in Asia Pacific The market in Asia Pacific stood at 21.76 million tons and is expected to gain a huge portion of the global e-waste management market share in the coming years. Further, the increasing manufacturing and rising consumption of electrical and electronic components are expected to bolster service adoption. In Europe, increasing reusing and e-waste recycling may bolster the demand for management services of e-waste. Furthermore, rising government initiatives for sustainable and greener solutions may bolster service adoption.
    E-waste Management Market Share & Industry Growth [2029]
    The global e-waste management market is projected to grow from 50.47 million tons in 2022 to 63.22 million tons by 2029, at a CAGR of 3.3% in forecast period
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  • The global precious metals market size was USD 261.94 billion in 2020. The industry is expected to expand from USD 275.40 billion in 2021 to USD 403.08 billion in 2028, exhibiting a CAGR of 5.6% from 2021 to 2028. The rise can be credited to increasing disposable incomes and changing lifestyle choices across various regions.

    Information Source - https://www.fortunebusinessinsights.com/precious-metals-market-105747

    Segments:

    Gold Segment to Register Notable Growth Due to Escalating Disposable Income

    Based on type, the market for precious metals is segmented into silver, gold, and platinum group metals. The gold segment is expected to record commendable expansion over the forecast period. The rise can be attributed to the surging disposable income and escalating knowledge regarding investments among consumers. Based on region, the industry is subdivided into Europe, Asia Pacific, North America, South America, and the Middle East & Africa.

    Industrial Segment to Record Commendable Surge Impelled by Growing Silver Demand

    Based on application, the industry for precious metals is fragmented into jewelry, industrial, investments, and others. Of these, the industrial segment is anticipated to depict considerable growth over the estimated period. The expansion can be credited to the surging silver demand from photovoltaic manufacturers. The segmental growth is further being driven by the rising demand for solar panels.

    Report Coverage:

    The report provides an in-depth analysis of the major trends that are expected to drive business growth over the forthcoming years. It further gives a comprehensive coverage of the key factors anticipated to impel the industry landscape across various regions. Additional aspects of the report comprise the significant steps taken by leading companies for the consolidation of their market position.

    Drivers and Restraints:

    Market Value to Surge Driven by Changing Lifestyle Choices & Surging Disposable Income

    Precious metals market growth is primarily being impelled by the changing lifestyle choices and surging disposable income. This is further being supplemented by the escalating significance of jewelry in the wedding ceremonies of India, China, and other South Asian countries. Besides, gold is considered as a safe haven for investment.

    However, the industry growth is likely to be hindered by a range of factors such as government reserves, geopolitical uncertainties, inflation, currency fluctuations, and others.

    Regional Insights:

    Asia Pacific to Emerge as Major Region Due to Presence of Electronics & Electrical Industry in the Region

    Asia Pacific precious metals market share is anticipated to register substantial growth through the forecast period. The surge can be credited to the presence of the largest electronics & electrical industry in the region. Further, India and China are key consumers of gold, which is expected to favor industry expansion to a considerable extent.

    The North America region is set to record commendable expansion over the estimated period. The rise can be attributed to robust manufacturing capabilities in the U.S. and the presence of precious mineral mines in the region.

    Competitive Landscape:

    Market Players Enter Partnership Agreements to Strengthen Industry Presence

    Leading companies are striking partnership deals and collaborations to strengthen their market presence. Several industry participants are focusing on a range of strategies including mergers, acquisitions, and the launch of new products to secure a competitive edge. Some of the additional initiatives include surging participation in trade fairs and conferences.

    Key Industry Development:

    May 2021 – Newmont Corporation acquired GT Gold to strengthen its portfolio. The deal comprised the Tatogga project, which would contribute to the production of gold and copper.

    List of Key Players Mentioned in the Report:

    Newmont Corporation (U.S.)
    Barrick Gold Corporation (Canada)
    AngloGold Ashanti Limited (South Africa)
    Kinross Gold Corporation (Canada)
    Newcrest Mining Limited (Australia)
    Gold Fields Limited (South Africa)
    Freeport-McMoRan (U.S.)
    PJSC Polyus (Russia)
    Anglo American Platinum Limited (South Africa)
    Impala Platinum Holdings Limited (South Africa)
    The global precious metals market size was USD 261.94 billion in 2020. The industry is expected to expand from USD 275.40 billion in 2021 to USD 403.08 billion in 2028, exhibiting a CAGR of 5.6% from 2021 to 2028. The rise can be credited to increasing disposable incomes and changing lifestyle choices across various regions. Information Source - https://www.fortunebusinessinsights.com/precious-metals-market-105747 Segments: Gold Segment to Register Notable Growth Due to Escalating Disposable Income Based on type, the market for precious metals is segmented into silver, gold, and platinum group metals. The gold segment is expected to record commendable expansion over the forecast period. The rise can be attributed to the surging disposable income and escalating knowledge regarding investments among consumers. Based on region, the industry is subdivided into Europe, Asia Pacific, North America, South America, and the Middle East & Africa. Industrial Segment to Record Commendable Surge Impelled by Growing Silver Demand Based on application, the industry for precious metals is fragmented into jewelry, industrial, investments, and others. Of these, the industrial segment is anticipated to depict considerable growth over the estimated period. The expansion can be credited to the surging silver demand from photovoltaic manufacturers. The segmental growth is further being driven by the rising demand for solar panels. Report Coverage: The report provides an in-depth analysis of the major trends that are expected to drive business growth over the forthcoming years. It further gives a comprehensive coverage of the key factors anticipated to impel the industry landscape across various regions. Additional aspects of the report comprise the significant steps taken by leading companies for the consolidation of their market position. Drivers and Restraints: Market Value to Surge Driven by Changing Lifestyle Choices & Surging Disposable Income Precious metals market growth is primarily being impelled by the changing lifestyle choices and surging disposable income. This is further being supplemented by the escalating significance of jewelry in the wedding ceremonies of India, China, and other South Asian countries. Besides, gold is considered as a safe haven for investment. However, the industry growth is likely to be hindered by a range of factors such as government reserves, geopolitical uncertainties, inflation, currency fluctuations, and others. Regional Insights: Asia Pacific to Emerge as Major Region Due to Presence of Electronics & Electrical Industry in the Region Asia Pacific precious metals market share is anticipated to register substantial growth through the forecast period. The surge can be credited to the presence of the largest electronics & electrical industry in the region. Further, India and China are key consumers of gold, which is expected to favor industry expansion to a considerable extent. The North America region is set to record commendable expansion over the estimated period. The rise can be attributed to robust manufacturing capabilities in the U.S. and the presence of precious mineral mines in the region. Competitive Landscape: Market Players Enter Partnership Agreements to Strengthen Industry Presence Leading companies are striking partnership deals and collaborations to strengthen their market presence. Several industry participants are focusing on a range of strategies including mergers, acquisitions, and the launch of new products to secure a competitive edge. Some of the additional initiatives include surging participation in trade fairs and conferences. Key Industry Development: May 2021 – Newmont Corporation acquired GT Gold to strengthen its portfolio. The deal comprised the Tatogga project, which would contribute to the production of gold and copper. List of Key Players Mentioned in the Report: Newmont Corporation (U.S.) Barrick Gold Corporation (Canada) AngloGold Ashanti Limited (South Africa) Kinross Gold Corporation (Canada) Newcrest Mining Limited (Australia) Gold Fields Limited (South Africa) Freeport-McMoRan (U.S.) PJSC Polyus (Russia) Anglo American Platinum Limited (South Africa) Impala Platinum Holdings Limited (South Africa)
    Precious Metals Market Size, Industry Share, Global Trends, Forecast, 2030
    The global precious metals market is projected to grow from $275.40 billion in 2021 to $403.08 billion in 2028 at a CAGR of 5.6% in forecast period, 2021-2028
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