Press release
What is the Predicted Growth Rate for the Global Electronics Recycling Market
According to Fact.MR, a market research and competitive intelligence company, the global electronics recycling market is expected to reach US$ 120 billion by 2033, growing at a high-value 13.1% CAGR between 2023 and 2033.
Electronic equipment, by definition, becomes obsolete or needs repair from time to time. It is cheaper to replace an electrical gadget than to repair it. As a result, customers are more likely to purchase new products rather than repair existing ones. This higher rate of obsolescence is now generating a significant amount of e-waste.
Download Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8316
Key Takeaways from Market Study
By 2023, the global electronics recycling market is expected to be worth $35 billion.
During the forecast period (2023-2033), global demand for electronics recycling is expected to grow at a 13.1% CAGR.
The market is expected to be valued at US$ 120 billion by 2033.
The Asia Pacific market is expected to grow at an 8.5% CAGR from 2023 to 2033.
Consumer electronics accounted for 40% of the global market in 2022.
Competitive Landscape
The global market for electronics recycling is moderately consolidated and competitive, with both regional and multinational competitors. Key participants in the electronics recycling market are focusing on new developments to improve their positions. Furthermore, new start-ups are entering the market with unique products, which is projected to increase competition in the next years.
EnviroLeach Technologies, a Canadian start-up, developed an environmentally friendly recycling method for old printed circuit boards. The start-up's method enables the efficient extraction of target metals including lead, copper, and aluminum from PCBs. EnviroLeach uses a hydrometallurgical extraction technique that reduces CO2 emissions.
Recy-Call, a Belgian startup, provides e-waste recycling solutions to African countries. The start-up recovers and recycles end-of-life gadgets like cellphones to generate value while also having a positive long-term environmental and social impact. Recy-Call's mining strategies also enable the creation of environmentally friendly and safe jobs for garbage collectors in low-income countries.
RECONO.ME, a British startup, collects, refurbishes, and recycles obsolete electronics and IT equipment. At the time of collecting, the startup uses sanitization software to remove all data from the devices. RECONO.ME sells reconditioned items to consumers at a discount, hence reducing e-waste in circulation.
In July 2022, ERI and Redrock Environmental Group joined with the County of Madera to recycle electronics and destroy cybersecurity-intensive gear. This agreement is intended to provide inhabitants of Madera County with an appropriate manner of disposing of unwanted consumer electronics.
Key Companies Profiled
Aurubis AG
Enviro-Hub Holdings Ltd
Boliden Group
Clean Earth, Inc
Dlubak Glass Company
Cerebra Integrated Technologies Ltd
Exitcom Recycling GmbH
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8316
Key Segments of Electronics Recycling Industry Research
By Material :
Metals
Plastics
Other Materials
By Equipment Type :
Consumer Electronics
IT & Telecom
Other Equipment Types
By Region :
North America
Latin America
Europe
Asia Pacific & China
Middle East & Africa
Regional Analysis
Asia Pacific dominates the global market. Japan and South Korea are supporting market development in Asia Pacific. Europe and North America are trailing Asia Pacific in terms of economic growth. The United Kingdom and Germany are contributing significantly to the European market.
𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/electronics-recycling-market
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global electronics recycling market, presenting historical demand data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.
The study divulges essential insights on the market on the basis of material (metals, plastics, other materials) and equipment type (consumer electronics, IT & telecom, other equipment types), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).
𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com
𝐀𝐛𝐨𝐮𝐭 𝐅𝐚𝐜𝐭.𝐌𝐑
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
Electronic equipment, by definition, becomes obsolete or needs repair from time to time. It is cheaper to replace an electrical gadget than to repair it. As a result, customers are more likely to purchase new products rather than repair existing ones. This higher rate of obsolescence is now generating a significant amount of e-waste.
Download Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8316
Key Takeaways from Market Study
By 2023, the global electronics recycling market is expected to be worth $35 billion.
During the forecast period (2023-2033), global demand for electronics recycling is expected to grow at a 13.1% CAGR.
The market is expected to be valued at US$ 120 billion by 2033.
The Asia Pacific market is expected to grow at an 8.5% CAGR from 2023 to 2033.
Consumer electronics accounted for 40% of the global market in 2022.
Competitive Landscape
The global market for electronics recycling is moderately consolidated and competitive, with both regional and multinational competitors. Key participants in the electronics recycling market are focusing on new developments to improve their positions. Furthermore, new start-ups are entering the market with unique products, which is projected to increase competition in the next years.
EnviroLeach Technologies, a Canadian start-up, developed an environmentally friendly recycling method for old printed circuit boards. The start-up's method enables the efficient extraction of target metals including lead, copper, and aluminum from PCBs. EnviroLeach uses a hydrometallurgical extraction technique that reduces CO2 emissions.
Recy-Call, a Belgian startup, provides e-waste recycling solutions to African countries. The start-up recovers and recycles end-of-life gadgets like cellphones to generate value while also having a positive long-term environmental and social impact. Recy-Call's mining strategies also enable the creation of environmentally friendly and safe jobs for garbage collectors in low-income countries.
RECONO.ME, a British startup, collects, refurbishes, and recycles obsolete electronics and IT equipment. At the time of collecting, the startup uses sanitization software to remove all data from the devices. RECONO.ME sells reconditioned items to consumers at a discount, hence reducing e-waste in circulation.
In July 2022, ERI and Redrock Environmental Group joined with the County of Madera to recycle electronics and destroy cybersecurity-intensive gear. This agreement is intended to provide inhabitants of Madera County with an appropriate manner of disposing of unwanted consumer electronics.
Key Companies Profiled
Aurubis AG
Enviro-Hub Holdings Ltd
Boliden Group
Clean Earth, Inc
Dlubak Glass Company
Cerebra Integrated Technologies Ltd
Exitcom Recycling GmbH
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8316
Key Segments of Electronics Recycling Industry Research
By Material :
Metals
Plastics
Other Materials
By Equipment Type :
Consumer Electronics
IT & Telecom
Other Equipment Types
By Region :
North America
Latin America
Europe
Asia Pacific & China
Middle East & Africa
Regional Analysis
Asia Pacific dominates the global market. Japan and South Korea are supporting market development in Asia Pacific. Europe and North America are trailing Asia Pacific in terms of economic growth. The United Kingdom and Germany are contributing significantly to the European market.
𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/electronics-recycling-market
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global electronics recycling market, presenting historical demand data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.
The study divulges essential insights on the market on the basis of material (metals, plastics, other materials) and equipment type (consumer electronics, IT & telecom, other equipment types), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).
𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com
𝐀𝐛𝐨𝐮𝐭 𝐅𝐚𝐜𝐭.𝐌𝐑
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
