- Toll Free: +1-800-792-5285
- (UK): +44-845-528-1300
- Int'l: +1-503-894-6022
- Help@alliedmarketresearch.com
Cart
|
IC_15597
|
Pages: 112
|
Jan 2015 | 15434 Views
|
|
|
|
Author's :
nilesh Rajput
|
Tables: 45
|
Charts: 39
|
Formats*: |
|
Global E-Waste Management Market is expected to garner $49.4 billion by 2020, registering a CAGR of 23.5% during the forecast period 2014 - 2020. It is one of the fastest growing waste streams in emerging as well as developed regions. The reduced life spans of electrical, electronic and consumer electronic devices are generating large E-Waste, which is growing rapidly every year. The growth of E-Waste market is supplemented by the growing need for upgrading to the latest technologies. A desire towards the adoption of new technologically advanced devices leads to generation of millions of tons of E-Waste across various regions. According to the United Nations initiative to estimate E-Waste production, the world produced approximately 50 million tons of E-Waste in 2012, on an average 15 of lbs per person across the globe. In 2012, UN also stated that, UK produced, 1.3 million tons of electronic waste. China generated 11.1 million tons of E-Waste, which was followed by United States that accounted for 10 million tons in 2012.
To reduce the E-Waste generated across the world, E-Waste management initiatives are being taken by the government agencies of various regions. Market players are taking measures to recycle the E-Waste in order to reduce the pollution and environmental hazards caused by it. In June 2014, Dell, a leading computer manufacturer, launched its first computer made of plastics obtained from recycled electronics. The company has started selling its first computer “the OptiPlex 3030” which is made up of old electronics using closed loop recycling process. Recently, Dell has also started using recycled plastics in its other desktops and monitors. Millions of refrigerators, TV sets and cell phones are replaced with newer versions due to user’s growing inclination towards technologically advanced gadgets. In 2010, US discarded about 258 million units of computers, cell phones, TV sets and monitors. North America is a leader in exporting E-waste to the developing countries such as China and Japan. This exported E-Waste is then recycled in developing regions which generates revenue for the market.
Segment Overview:
The world E-Waste market is segmented by E-waste source and type. Presently, a market trend is observed in North America that highlights the fact that majority of E-Waste is trashed to developing countries, rather than recycling or reusing the same by the producing country.
Developing countries lead in recycling the E-Waste, as majority of E-Waste is exported to emerging countries by developed countries. Amongst all sources of E-Waste such as IT and telecommunications and consumer electronics, refrigerator sets from household appliances are discarded in highest number as compared to other appliances. The decrease in the life cycle of electronic products viz. computers, laptops, cell phones is generating large amount of electronic waste in North American region. Moreover, the region wise study of global market is conducted to closely examine the effects of E-Waste in every country. The regions analyzed are North America, Europe, Asia-Pacific and LAMEA. North America generates the largest revenue for the global market.
Get more information on this report : Request Sample Pages
TOP WINNING STRATEGIES
The information about different players in the world e-waste management market and their strategic moves is gathered from company websites, press releases and primary calls made to the industry experts. The different strategies sought by the leading players in the e-waste management industry are tracked from their recent developments in e-waste management business. The key strategies adopted are expansion, partnership, and innovation. Expansion is the major strategy utilized followed by partnership.
For instance, Stena Metall AB, Enviro-Hub Holdings Ltd., Boliden AB have established new facilities at different location to expand their presence.
TOP FACTORS IMPACTING WORLD E-WASTE MANAGEMENT MARKET
Get more information on this report : Request Sample Pages
Decreasing life span of electronic devices would drive the e-waste management market
The rapid technology advancement and frequent innovations in the product has been leading to rapid surge in the sale of electronics products. Especially mobile devices, televisions and computer devices are experiencing fast growth across the world. With increasing purchasing power and rising trend of disposable income, the sale of these electronics devices is increasing continuously. In addition, the new product launches with updated features and additional services are attracting the customers to upgrade their old products with new products. This has reduced the life span of these devices to about 3-4 years. Thus, this is adding more and more e-waste at a tremendous rate. The ongoing sale of electronics products especially in emerging countries would provide lucrative environment for e-waste management in the coming years.
High rate of obsolescence would add the e-waste in tremendous volume
The nature of electronics devices is such that they get obsolete or need repair from time to time is a major cause for the generation of e-waste. The cost of replacing a electronic device is lesser than those getting repaired. Therefore, it has been observed that there is a growing tendency to purchase a new product rather than repairing those. This increased obsolescence rate is leading to huge generation of e-waste currently.
Low awareness in developed regions would slow the e-waste management activities
Presently, people in most part of the world, are not aware of the problems caused by e-waste. They still do not know about the effects of such kind of waste on the environment, resulting in a low number of recycling activities almost all over the world. This is further augmented by the absence of strict regulatory frameworks in many countries. But the situation is changing slowly across the globe, primarily due to the increasing number of initiatives by various organizations coupled with formation of strict regulatory frameworks. This is ultimately leading to increased activities for managing e-waste, which would create conducive environment for e-waste management in the coming years.
Get more information on this report : Request Sample Pages
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high level data integrity, accurate analysis and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
