E-waste is electronic and electrical waste that includes unused or surplus material like computers, printers, monitors, telephones, cell phones, batteries, lamps, etc. Electronic waste describes discarded electronic waste which comprises of various steps for managing electronic equipment waste such as first use, recycle and then dispose. Electronics that are intended for refurbishment, reuse, re-sale or salvage through material recovery are also considered as e-waste.
Technological advancement has always played vital role in invention of novel machinery, equipment’s in the modern world. Moreover, IT sector has had an unprecedented growth since past ten years that has fuelled the upsurge in usage of wide range of electronic products in daily life. The rising demand for electronic products has led to bigger investment in manufacturing of innovative products with shorter life as a result enormous amount of e-waste is being created since last few years. The processing of e-waste in emergent nations is a leading cause affecting human health and environment. Electronic scrap like CPU’s contain harmful materials like lead, beryllium, cadmium and certain flammable material that may involve significant risk to health workers.
Market segment by players, this report covers
- Sims Recycling Solutions
- Eletronic Recyclers International
- Waste Management
- Stena Metall Group
- Enviro-Hub Holdings
- GLE Scrap Metal
Market segment by Type, covers
IT and Telecom Networking Equipment
Mobile Devices (Smartphones, PDAs, etc.)
Market segment by Application, can be divided into
Industrial and Commercial Electronics
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
With the invention of newer technologies like AI, Cyber-security, Human Augmentation, Everything-as-a-Service (XaaS) etc. need for production of technically advanced machines, processors are on rise. Additionally, crypto currency a novel form of digital currency requires high powered computers in turn which involves immense use of cables for data mining. Many of the electronic items consist of precious raw materials like gold, silver, platinum, etc. Every year, approximately 44.7 million tonnes of e-waste is produced around the globe containing up to 65 billion US dollars’ worth of raw materials like gold, silver and platinum. The total global e-waste is anticipated to surge nearly by 17% to 52.2 million tonnes in 2021, or around 8% every year.
The e-waste recycling and reuse service market is spread far and wide, yet it is geologically classified as North America, Europe, Asia Pacific, and rest of the world, Europe being the major shareholder in recycling of e-waste.
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