E-waste Management Market by Equipment, Method, Waste Source, Material - Forecast to 2025
The E-waste Management Market is expected to grow at a CAGR of 1.8% from 2019 to 2025 to reach $45.78 billion by 2025.
The growth in e-waste management market is attributed to the growing global e-waste burden, increasing adoption of electronic devices across the world, consumer preference towards rapid changeover to technologically advanced gadgets, and shortened lifecycle of e-devices. In addition, government initiatives for e-waste management creating greater awareness of e-waste management and defining waste management responsibilities and ownership for different stakeholders in the electronic devices value chain provide further growth opportunities for players operating in this market. However, lack of proper disposable/dumping systems in ASEAN countries and high cost of recycling of e-devices are recognized as the major hurdles for the market growth.
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Based on equipment type, the overall e-waste management market is classified into small equipment, large equipment, temperature exchange equipment, screens, small IT equipment, and lamps. The small equipment segment is estimated to dominate the overall e-waste management market in 2019 and is also estimated to continue its dominance over the forecast period. High amount of e-waste generated from small equipment owing to their short life span due to increasing consumer preference for new models, designs, and features is driving the growth in this market.
Based on the waste source, the overall e-waste management market is segmented into household appliances, IT & telecom equipment, consumer electronics, printed circuit boards (PCBs), industrial electronics, and medical equipment. Household appliances segment is estimated to account for the largest share of the overall market due to high volume of household appliances being discarded every year. Increased disposable income of consumers and growing inclination towards adoption of advanced household appliances is expected to drive the growth in this market.
Scope of the Report:
E-Waste Management Market, by Equipment Type
• Small Equipment
• Large Equipment
• Temperature Exchange Equipment
• Small IT Equipment
E-waste Management Market, by Method
• Recycling & Reuse
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Last Update : 19 December 2019
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|Item Owner : Prachiti Sharma|
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