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Electronic Waste Market 2019Electronic Waste Market refers to the electronic waste that is growing at a rapid pace across the world due to the rising usage of electrical appliances and electronic gadgets. Electronic waste includes cell phones, printers, computers, scanners, fax machines, stereo equipment, cables & cords, shredders, refrigerator, microwaves, and more. The unsafe disposal and improper handling of Electronic Waste will emerge as a huge threat to humans and the environment as several electronic wastes contain toxic substances, and may also pollute the water, air, and land.
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Electronic Waste Market will witness huge growth by implementing electronic waste recycling software, solutions, platforms, and systems across various sectors such as security, marketing, automotive, healthcare, IT & telecommunication, retail, agriculture, and manufacturing. The growing volume of electronic waste offers a great opportunity for the electronic waste management industry.
The ongoing innovations and latest technological advancement in electronic devices have been leading to a surge in the sales of electronic products. Customers are getting influenced by the latest technological product and are upgrading their old ones with the new ones thus the life span of the electronic device is reduced. This, in turn, is accumulating more and more electronic waste products at a tremendous rate. Hence, the Electronic Waste Market is expected to do exponentially well.
Electronic Waste Market is growing exponentially with the increase in the manufacturing of electronic goods owing to the preference of people in the direction of technology and electronic goods. The rapid technological development and relocation from analog to digital technology are expected to drive the market further.
As governments across the world are developing different policies for electronic waste recycling management, the market is expected to grow exponentially. Devices like Mobiles, PCs, Laptops, etc. are exchanged frequently amounting to a large number of electronic waste. The increasing electronic waste across the world is responsible for the growth of Electronic Waste Market.
Segmentation:
The global Electronic Waste Market can be segmented into types – Metal, Plastic, and others.
Based on the application/end-user, the global Electronic Waste Market is segmented into – Enterprise, Government & NGO, and other.
Regional Analysis:
In terms of region, South America, North America, and Europe to show extensive growth in the Electronic Waste Market with higher expenditure capabilities and robust infrastructure due to the presence of major key players in the region. Europe is expected to dominate the electronic waste recycle market and retain its share during the coming years by implementing electronic waste recycling.
Developed countries lead in the field of recycling of products. The Electronic Waste Market to witness humongous growth across the world.
The global market for Electronic Waste shows remarkable growth in the Middle East & Africa and Asia-Pacific (APAC). The growing awareness of electronic waste recycling and government intervention are the key factors for the growth of Electronic Waste Market.
Competitors:
The main players in the global Electronic Waste Market include SIMS Recycling Solution, Stena Techno World, Kuusakoski, Umicore, environCom, WASTE MANAGEMENT, Electronic Recyclers International, GEEP, CIMELIA Resource Recovery, Veolia, Gem, and Dongjiang.
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