Connect with us

Technology

Low-Carbon Monocrystalline Silicon Ingots Market to Grow at 6.2% CAGR by 2034, Surge in Concerns Over Carbon Emissions Driving Market Expansion: TMR Research

Published

on

Heightened awareness of carbon emissions is driving demand in the low-carbon monocrystalline silicon ingots market.

WILMINGTON, Del., July 24, 2024 /PRNewswire/ — The global low-carbon monocrystalline silicon ingots market stood at US$ 4.3 billion in 2023, and the global market is projected to reach US$ 8.4 billion in 2034. The low-carbon monocrystalline silicon ingots market is anticipated to expand at a CAGR of 6.2% between 2024 and 2034.

The low-carbon monocrystalline silicon ingots market is experiencing rapid growth driven by escalating concerns over carbon emissions and the imperative for sustainable manufacturing practices.

The surge in demand for low-carbon monocrystalline silicon ingots stems from heightened global awareness of climate change and the need to mitigate carbon footprints across industries. As governments and industries worldwide commit to carbon reduction targets, there is a growing preference for materials and technologies that offer lower environmental impact throughout their lifecycle.

Download Sample of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86296 

End-use industries, notably electronics and renewable energy, are key drivers of this market. The electronics sector, reliant on silicon ingots for semiconductor production, is under increasing pressure to adopt cleaner manufacturing processes. The transition towards low-carbon monocrystalline silicon ingots supports these efforts by reducing emissions associated with the production of high-performance electronics.

Moreover, the renewable energy sector, particularly solar photovoltaics, relies heavily on monocrystalline silicon ingots for efficient solar cell manufacturing. As the global shift towards renewable energy intensifies, the demand for high-quality, low-carbon silicon ingots has soared, bolstered by incentives and mandates promoting clean energy adoption.

Technological advancements play a crucial role in driving market growth. Innovations in manufacturing processes, such as improved energy efficiency and recycling techniques, contribute to reducing the carbon footprint of silicon ingot production. Companies are investing in research and development to enhance the sustainability profile of their products, aligning with global sustainability goals.

The market faces challenges, including feedstock availability and cost, technological hurdles in biomass conversion, and the need for substantial investment in infrastructure. Addressing these challenges requires continuous research, efficient supply chain management, and innovative financing solutions.

Low-carbon Monocrystalline Silicon Ingots Market Report Scope:

Report Coverage

Details 

Forecast Period  

2024-2034

Base Year  

2020-2022

Size in 2023

US$ 4.3 Bn

Forecast (Value) in 2034

US$ 8.4 Bn

Growth Rate (CAGR) 

6.2 %

No. of Pages 

244 Pages 

Segments covered 

By Type, By Technology, By Application, By End-use Industry, By Region

 

Key Takeaways of Market Report

Global low-carbon monocrystalline silicon ingots market to generate absolute dollar opportunity worth US$ 8.4 billion until 2034.Global low-carbon monocrystalline silicon Ingots market is valued at US$ 4.3 billion in 2023.Asia Pacific is forecasted to hold the largest share in 2023.

Low-carbon Monocrystalline Silicon Ingots Market: Growth Drivers 

Governments worldwide are prioritizing climate change mitigation by promoting the production of low-carbon materials. Mono-crystalline silicon solar cells, manufactured using the Czochralski process, exemplify this trend with their superior efficiency over polycrystalline counterparts.The depletion of fossil fuels and the global shift towards sustainable development further propel the solar energy market. As countries seek to reduce reliance on finite fossil fuel resources and curb carbon emissions, solar energy emerges as a viable alternative.Its renewable nature aligns with sustainable development goals, fostering energy independence and resilience against fluctuating fuel prices. 

Low-carbon Monocrystalline Silicon Ingots Market: Regional Landscape

In 2023, Asia Pacific dominated the low-carbon monocrystalline silicon ingots market, driven by its significant share of semiconductor and electronics manufacturers. Countries like South Korea and Taiwan have made substantial investments in semiconductor research and development, bolstering their capabilities in producing high-quality monocrystalline silicon ingots.The region’s leadership is further supported by the rising production of solar modules and increasing adoption of solar energy technologies. As countries in Asia Pacific ramp up their renewable energy capacities, the demand for efficient monocrystalline silicon ingots for solar cell production grows. 

Low-carbon Monocrystalline Silicon Ingots Market: Key Players

In 2023, LONGi, a leading player in the solar industry, made significant strides with the development of their Hi-MO 5 series of monocrystalline silicon modules.These modules incorporate advanced low-carbon technologies, enhancing efficiency and reducing environmental impact throughout their lifecycle. LONGi’s focus on innovation in monocrystalline silicon ingots underscores their commitment to sustainable energy solutions and positions them as a key contributor to the global shift towards cleaner solar energy technologies.In 2023, JA Solar Technology Co., Ltd. expanded its production capacity of monocrystalline silicon ingots, leveraging advanced manufacturing processes to enhance efficiency and sustainability.The company’s investment in increasing production capabilities aligns with the growing global demand for low-carbon solar solutions. By scaling up their manufacturing operations, JA Solar Technology Co., Ltd. aims to meet the rising market needs for high-quality monocrystalline silicon ingots, supporting the adoption of renewable energy and contributing to carbon reduction efforts worldwide.

Explore Sample of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86296 

Low-carbon Monocrystalline Silicon Ingots Market: Segmentation

By Type

P-type Monocrystalline Silicon IngotsN-type Monocrystalline Silicon Ingots

By Technology

Czochralski (CZ) ProcessFloat Zone (FZ) Process

By Application

Photovoltaic (Solar) CellsSemiconductor WafersOptoelectronic DevicesOthers

By End-use Industry

ElectronicsEnergyAutomotiveTelecommunicationsOthers

By Region

North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa

Buy this Premium Research Report:

https://www.transparencymarketresearch.com/checkout.php?rep_id=86296&ltype=S 

More Trending Report by Transparency Market Research:

Water-based Inks Market Size to Hit USD 12 billion by 2031, Expanding at a CAGR of 3.1%: TMR ReportLime Market Revenue to Cross USD 89.8 billion, Globally, By 2031 | Registering at a CAGR of 5.4%Automotive Filter Materials Market is estimated to grow at a CAGR of 5.3% from 2024 to 2034 and reach US$ 2.6 Bn by the end of 2034Laminating Resins Market – R&D in laminating resins is driving the laminating resins market statistics. New lower-emitting resin technology is gaining traction among end-users.

About Transparency Market Research 

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. 

Contact:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com  
Email: sales@transparencymarketresearch.com
Follow Us: LinkedInTwitterBlog | YouTube

Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/low-carbon-monocrystalline-silicon-ingots-market-to-grow-at-6-2-cagr-by-2034–surge-in-concerns-over-carbon-emissions-driving-market-expansion-tmr-research-302205175.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Quarterhill Awarded High-Speed Weigh-In-Motion Prescreening Contract in Belgium

Published

on

By

The new WIM station will assist Brussels Mobility in achieving its goals of improving road safety and creating a fair regulatory environment by reducing the number of overloaded vehicles on the roads of the Brussels region.Traffic data provided by the system will support Brussels Mobility’s mission to foster economic growth and improve quality of life through the development of transport infrastructure.

TORONTO, Jan. 10, 2025 /PRNewswire/ – Quarterhill Inc. (“Quarterhill” or the “Company”) (TSX: QTRH) (OTCQX: QTRHF), announced today a contract to provide weigh-in-motion (“WIM”) technology to Brussels Mobility through a joint project with Belgium-based technology integrator Jacops NV (“Jacops”). Quarterhill will be responsible for the design and supply of the WIM subsystem, technical support, and training. Quarterhill will also provide Jacops with the software necessary for commercial vehicle monitoring and enforcement.

Quarterhill will supply the WIM system for the Brussels-Capital Region weigh station, which will be used to pre-select overloaded vehicles for enforcement. The dynamic weighing station will promote and improve the efficiency of inspections by screening vehicles at highway speeds in advance of the law enforcement inspection site. In addition, the weigh station will generate data that provides an accurate, real-time picture of the vehicles on the E19 highway.

The system’s goal is to reduce the number of overloaded vehicles on the Brussels Region’s roads. Overloading causes many problems, such as rapid road deterioration, more serious accidents, and unfair competition between transport companies. Quarterhill’s technology mitigates these issues by screening for overweight vehicles while optimizing the use of enforcement resources.

“We are excited at the prospect of introducing our advanced enforcement technology to Brussels Mobility and expanding our presence in Europe,” said Chuck Myers, CEO of Quarterhill. “Together with Jacops, we will deploy a state-of-the-art high-speed WIM system that will make Belgian roads safer and more sustainable. We have a longstanding relationship with Jacops as a customer for our microwave sensor products, and this project demonstrates how having a broad portfolio of traffic technologies and established relationships with traffic system integrators leads to further opportunities.”

The weigh station will monitor four lanes of one-way traffic on the highway and record data on vehicle classification and vehicle tax without impeding traffic. An overview camera provides images to help enforcement personnel clearly identify vehicles flagged by the system. An Automated Number Plate Reader system will photograph, recognize, store, process, and transmit the number plates of vehicles approaching the dynamic weighing station.

Quarterhill’s iSINC WIM controller was selected for the project as it offers preselection of overweight vehicles, creates comprehensive vehicle records, classifies vehicles, and meets the desired standards for continual uptime monitoring and ease of service. iSINC’s versatility allows it to control a wide array of sensors, cameras, dimensioning systems, communication systems, and custom equipment.

WIM sensors that comply with the accuracies outlined in the Nmi International WIM standard Specification and test procedures for WIM Systems will be installed at the site. The WIM sensors meet the lane width specifications and provide high durability, stable output over time, and IP68 water resistance.

Quarterhill will advise Jacops on the design and placement of the WIM system components to ensure optimal operation, including onsite technical support for installation, testing, and initial calibration. Quarterhill will also provide Jacops with thorough training on the WIM components and system calibration. Over the 2-year warranty period, Quarterhill will provide remote diagnostics and technical support to ensure continuous uptime and optimal performance.

“This project shows that Quarterhill’s technology is well suited to the precise needs of European agencies. We are set to elevate road safety and integrity in the region, reinforcing our expanding footprint in this important market,” stated Heimo Haub, Managing Director, Quarterhill Europe.

About Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.

Forward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as “seek”, “anticipate”, “budget”, ‎‎”plan”, “goal”, “expect” and similar expressions.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill’s products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company’s most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill’s ability to execute on its business plan; demand for Quarterhill’s products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-awarded-high-speed-weigh-in-motion-prescreening-contract-in-belgium-302347610.html

SOURCE Quarterhill

Continue Reading

Technology

ez1099 2024 Edition Tax Preparation Software for 2025 Tax Season Is Available for Electronic Filing

Published

on

By

REDMOND, Wash., Jan. 10, 2025 /PRNewswire/ — Designed for US business owners, tax professionals and entrepreneurs, the latest ez1099 tax form software from Halfpricesoft.com is easy to navigate and streamline processing unlimited forms for multiple companies for one flat rate.  The latest edition of ez1099 supports paper form printing, pdf printing and efile feature. It also comes with a recipient data import feature from the spreadsheet and QuickBooks IIF file.

 

“ez1099 2024 software is now available for business owners and tax professionals to print and file 1098’s and 1099’s, seamlessly.” Dr. Ge, Founder of Halfpricesoft.com, says.

ez1099 software streamlines the preparation, printing, and e-filing of essential IRS forms, including W2G, 1097BTC, various 1098 forms (1098, 1098C, 1098E, 1098F, 1098Q, 1098T), numerous 1099 forms (1099A, 1099B, 1099C, 1099CAP, 1099DIV, 1099G, 1099INT, 1099K, 1099LTC, 1099MISC, 1099NEC, 1099OID, 1099PATR, 1099Q, 1099QA, 1099R, 1099S, 1099SB, 1099SA), 5498 forms (5498, 5498ESA, 5498QA, 5498SA), as well as 8935, 3921, 3922, and 1096 forms.

Cost is only $79 per installation for the basic version of ez1099 Software or $139 per installation for the advanced version with bulk printing feature, import feature, PDF file creation and electronic filing capability. Also offered in a network version for two or more installations starting at $199 to enable sharing data between computers or offices.

ez1099 is compatible with Windows 11, 10, and 8.  It can also run on Windows Vista system, 7, and MAC machines (Mac can run the system only if installed with Bootcamp).

The features in the latest version ez1099 software include but are not limited to:

electronically file unlimited forms to the IRS with one flat rateez1099 blank paper prints out recipient copiesPrint in bulk for faster processingQuick data importing featureCustomers can save even more time by compiling and saving form data for later use and modificationSupport unlimited accounts and unlimited recipients at no additional chargeGo green with optional PDF document converting and e-file (electronic filing) featuresFeature to process correction forms included

Starting at $79.00 for the print and mail version and $139.00 to electronically file. Halfpricesoft.com welcomes all clients to begin the no obligation thirty-day test drive today at https://www.halfpricesoft.com/1099_software.asp#purchase

About halfpricesoft.com

Halfpricesoft.com is a leading provider of small to midsize business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, 1095 ACA form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers for over 20 years and will assist business owners simplify payroll processing and streamline business management.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ez1099-2024-edition-tax-preparation-software-for-2025-tax-season-is-available-for-electronic-filing-302340859.html

SOURCE Halfpricesoft.com

Continue Reading

Technology

The New York Stem Cell Foundation Research Institute Enters Agreement to Accelerate Precision Drug Discovery for Neurodegenerative Disease

Published

on

By

Partnership Will Harness NYSCF’s Automated Cell Culture Systems and Artificial Intelligence Capabilities to Study Disease at an Unprecedented Cellular Level

NEW YORK, Jan. 10, 2025 /PRNewswire/ — The New York Stem Cell Foundation (NYSCF) Research Institute today announced they have entered into an agreement with Janssen Research & Development, LLC, a Johnson & Johnson company, to use NYSCF’s AI-powered platform for drug discovery to target neurodegenerative disease. This initiative brings together NYSCF’s advanced robotic systems for stem cell research and J&J’s expertise in drug discovery and data science to unlock novel disease insights and accelerate the development of more effective and tailored treatments.

NYSCF has developed proprietary automation technology that enables large-scale, reproducible disease modeling and drug screening using patient-derived stem cells. By combining high-content cell imaging with machine learning-driven analysis, NYSCF’s platform can reveal previously undiscovered disease phenotypes and therapeutic targets leading to the development of novel therapeutic approaches. This versatile platform is adaptable to a wide range of cell types and diseases, making it uniquely positioned to advance precision medicine for patients.

“This work with Johnson & Johnson allows us to integrate our cutting-edge stem cell automation and AI platform with their deep expertise in therapeutic development,” said Jennifer J. Raab, President and CEO of NYSCF. “Together, we look forward to accelerating the discovery of innovative treatments for patients affected by devastating neurodegenerative disease.”

About The New York Stem Cell Foundation Research Institute
The New York Stem Cell Foundation (NYSCF) Research Institute is an independent non-profit organization accelerating cures and better treatments for patients through stem cell research. The NYSCF Research Institute is an acknowledged world leader in stem cell research and in the development of pioneering stem cell technologies, including the NYSCF Global Stem Cell Array®, which is used to create cell lines for laboratories around the globe. NYSCF focuses on translational research in an accelerator model designed to overcome barriers that slow discovery and replace silos with collaboration. For more information, visit nyscf.org.

CONTACTS:
David McKeon
212-365-7440
dmckeon@nyscf.org

Chris Taylor
chris@christaylorpr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-new-york-stem-cell-foundation-research-institute-enters-agreement-to-accelerate-precision-drug-discovery-for-neurodegenerative-disease-302347569.html

SOURCE The New York Stem Cell Foundation

Continue Reading

Trending