E-waste or electronic waste is the discarded electronic or electrical devices and equipment. An electronic/electrical device reaches to the recycle stage due to end of its life cycle, new innovations in technology, or owing to the changing expectations of the consumers. The reduced life span of electrical, electronic and consumer electronic devices (mobile phones, TVs, computers, fridges, washing machines, and others) has already led to a significant amount of e-waste being generated and it is increasing exponentially. The increasing desire of people for adopting newer and technologically advanced devices has led to generation of tons of e-waste across the globe. These products contain materials having high value, at the same time, they can lead to environmental pollution if incinerated or land filled.
There are many factors driving the e-waste management market globally. The continuous innovations in electronics and electrical industries along with the migration from analog to digital technologies have led to tremendous increase in the e-waste being generated, thereby fueling the global e-waste management market. Furthermore, the awareness about harmful effects caused by e-waste materials to environment and health of living beings has significantly contributed to growth of e-waste management market worldwide. In addition, the requirement to recycle and reuse the valuable substances/minerals present in electrical and electronic devices is another factor bolstering the global e-waste management market. The global e-waste management market is further strengthened owing to a number of government rules being implemented for the regulation, reuse and recycling of e-waste.
Lack of awareness regarding efficient and low cost recycling process, especially in non-developed regions, leads to higher cost for recycling the e-waste, thereby limiting the e-waste management market in such regions. Another major challenge for global e-waste management market is unlawful dumping of e-waste materials by developing nations into remote locations of emerging regions. This leads to misuse of e-waste and being hazardous to environment and health. Moreover, the awareness about e-waste management is much lesser in developed regions which in fact produce large amount of e-waste materials.
With rapid advancement in technologies for the development of electrical and electronic devices, the amount of e-waste materials generated is believed to increase exponentially year on year, thus providing opportunities for global e-waste management market. Initiatives taken by leading electronic manufacturers (such as Dell, HP, Cisco, etc.) towards effective e-waste management methods, thereby promoting similar practices in order to get environment friendly certifications from third party auditors are expected to be key opportunity areas for the players in this market.
The global e-waste management market has been segmented based on recycler type into glass recycler, plastic recycler, metal recycler, and printed circuit board (PCB) recycler. Furthermore, the market is classified on the basis of material recovery as metal, plastic, and glass including others. In addition, the global e-waste management market has been segmented based on source type into household appliances (washing machines, refrigerators, air conditioners, etc.), entertainment & consumer electronics, and IT & telecommunication (computers, phones, printers, etc.).
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including: