Electrical and Electronic Scrap Recycling Market was valued at USD 49.5 Billion in 2022 and is projected to reach USD 81.0 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The electrical and electronic scrap recycling market is a critical component in the global effort to reduce waste and conserve natural resources. It focuses on the processing and repurposing of discarded electrical and electronic devices to extract valuable materials such as metals, plastics, and other components. With the rise in consumer electronics usage and the accelerated pace of technological advancements, the volume of electronic waste (e-waste) is increasing rapidly. Recycling helps mitigate the environmental impact of this waste by ensuring the safe disposal of harmful substances like lead, mercury, and cadmium, while also recovering precious materials like gold, silver, and copper. This market is expected to witness substantial growth, driven by stringent regulations around e-waste management, the growing adoption of recycling practices, and the demand for raw materials in the manufacturing sector.
Download Full PDF Sample Copy of Global Electrical and Electronic Scrap Recycling Report @ https://www.verifiedmarketreports.com/download-sample/?rid=622710&utm_source=Google_site&utm_medium=234
The recycling of smartphones has become an essential segment in the broader e-waste recycling market due to the rapid turnover rate of mobile devices and their complex construction. Smartphones contain precious metals such as gold, silver, and palladium, as well as valuable components like lithium batteries. These components can be recovered and reused in the production of new devices, contributing to reducing the need for mining. The growing concern over the environmental impact of smartphone waste has led to increased efforts in recycling, particularly in countries with strict environmental laws. Additionally, as smartphones become more affordable and accessible globally, the volume of discarded devices continues to rise, increasing the importance of efficient recycling programs to manage e-waste and reclaim valuable materials.
Smartphone recycling involves the extraction of various materials, including rare earth metals, plastics, and glass, which can be reused for the production of new devices or other electronic products. The process of recycling these materials is challenging due to the compact design and the presence of hazardous substances in some of the components. However, advancements in recycling technology have made it possible to separate and purify these materials more effectively. Companies and manufacturers are increasingly investing in specialized equipment and facilities to recycle smartphones, driven by both the economic benefits of material recovery and the pressure to adhere to global sustainability goals.
Personal computers (PCs) and laptops represent another significant segment of the electrical and electronic scrap recycling market. These devices often contain valuable components, such as circuit boards, processors, and memory chips, which can be salvaged for reuse. With the rapid pace of technological development and the increasing reliance on computers in both personal and professional environments, the amount of electronic waste generated by outdated or obsolete PCs and laptops continues to grow. Proper recycling is crucial to prevent the environmental hazards associated with improper disposal, such as the release of harmful chemicals from batteries and other components.
The recycling process for PCs and laptops is more intricate compared to some other consumer electronics due to the variety of materials involved, including metals, plastics, and glass. Key materials like aluminum, copper, and gold are extracted from these devices for reuse in manufacturing new products. In addition to precious metals, valuable components such as hard drives and memory units can be refurbished or reused in other devices. As more businesses and consumers opt to upgrade their hardware to meet performance needs, the volume of discarded PCs and laptops increases, further emphasizing the need for efficient recycling systems that can handle large quantities of e-waste while complying with environmental regulations.
Refrigerators are a major source of electronic waste, especially given their long lifespan and the complexity of their components. These appliances contain a mix of materials, including metals, plastics, and refrigerants, which need to be carefully extracted during the recycling process. The key challenge in refrigerator recycling is the removal of hazardous substances, such as refrigerants, oils, and gases, that can pose environmental risks if not handled properly. As global standards for appliance disposal become more stringent, the need for specialized recycling facilities that can manage these challenges has grown. Additionally, many refrigerators contain valuable materials like copper coils, which are recycled and reused in manufacturing new appliances or electronic devices.
As with other large home appliances, the recycling of refrigerators involves dismantling the appliance to separate and recover its materials. The recovery process is typically done through shredding, sorting, and refining, which helps ensure that materials like metals and plastics are extracted and reused in the production of new products. The shift toward more energy-efficient refrigerators, driven by both consumer demand and government incentives, has further increased the importance of recycling programs. By properly recycling refrigerators, valuable resources are reclaimed, and environmental damage from improper disposal is mitigated, helping to meet sustainability goals.
Television sets, particularly older models such as CRT (Cathode Ray Tube) televisions, are a significant part of the electrical and electronic scrap recycling market. These devices contain a variety of materials that can be recycled, including glass, plastic, and metals. Modern flat-screen televisions, including LCD, LED, and OLED models, also present recycling opportunities but require different processes due to their advanced technology and materials. The increasing shift towards high-definition and smart televisions is contributing to a rise in discarded TV sets as consumers replace older models with newer, more energy-efficient options. As televisions are one of the most commonly disposed-of household items, proper recycling practices are crucial to ensure that valuable materials are recovered while hazardous substances, like mercury, are safely handled.
The recycling of TV sets involves the extraction of valuable metals such as copper, aluminum, and gold, along with the separation of plastics and glass. While the recycling of flat-screen TVs is more complex than older CRT models, advancements in recycling technologies have made it possible to recover these materials in an environmentally friendly manner. Many TV sets also contain rare earth elements used in the production of high-quality displays and sound systems, which can be efficiently recovered and reused. As the global demand for electronics continues to rise, the need for effective recycling systems that can handle the disposal of televisions in an environmentally responsible manner will only continue to grow.
Air conditioners are essential household and commercial appliances that contribute significantly to electronic waste once they reach the end of their lifecycle. These devices typically consist of a variety of materials, including metals, plastics, refrigerants, and insulation, which require careful separation during the recycling process. Air conditioners contain valuable metals such as copper and aluminum, which can be recovered and reused in the production of new equipment. However, they also pose environmental risks due to the refrigerants and oils used in their operation. To mitigate these risks, specialized recycling processes are required to safely handle and dispose of these substances, making air conditioner recycling an essential aspect of the broader e-waste recycling industry.
The recycling process for air conditioners involves several stages, including refrigerant recovery, dismantling of components, and the separation of metals and plastics. The recovery of refrigerants is crucial, as improper disposal can lead to the release of harmful greenhouse gases into the atmosphere. Once the refrigerants are safely removed, the metal parts can be extracted and processed for reuse. The plastics and insulation materials are also sorted and either recycled or disposed of according to environmental regulations. With the growing demand for air conditioners, especially in developing countries, the recycling of these devices will become increasingly important in managing the environmental impact of e-waste.
The "Others" category in the electrical and electronic scrap recycling market refers to a broad range of devices that do not fit neatly into the above-mentioned categories but still contribute significantly to e-waste. This includes items such as microwave ovens, toasters, electric kettles, gaming consoles, and various small appliances. While these items may not contain as many valuable materials as larger electronics, they still offer recycling opportunities, especially for metals like copper, steel, and aluminum. The recycling of these products helps reduce the overall volume of e-waste, reclaim valuable resources, and ensure that hazardous materials, such as lead or cadmium, are disposed of safely.
The recycling of small electronic items is typically handled through the same general processes as larger devices, such as dismantling, sorting, and material recovery. However, the smaller size and lower quantity of valuable materials in these items can make their recycling less economically viable unless done at scale. As the adoption of small appliances continues to rise globally, driven by consumer demand for convenience and innovation, the need for efficient recycling systems to handle these devices will grow. Manufacturers and recyclers are also increasingly looking at ways to streamline the collection and recycling of these "other" devices to improve sustainability and reduce waste.
The electrical and electronic scrap recycling market is evolving rapidly, influenced by several key trends that are shaping its growth. One of the most prominent trends is the increasing adoption of circular economy principles, where products are designed for longer use, easy disassembly, and recyclability. This trend is pushing manufacturers to adopt environmentally friendly materials and design practices that facilitate the recycling process. Another important trend is the growing role of automation and advanced technologies in the recycling process. Robotics, artificial intelligence, and machine learning are being used to improve the efficiency and accuracy of sorting and processing e-waste, making recycling operations more cost-effective and environmentally friendly.
Another critical trend is the shift toward more stringent government regulations and policies regarding e-waste management. Many countries have enacted laws that require businesses and consumers to recycle their electronic devices responsibly, with penalties for non-compliance. This trend has created a growing demand for certified e-waste recycling facilities that meet international standards for environmental protection. Finally, the increasing awareness among consumers and businesses about the environmental impact of e-waste is driving a rise in take-back programs and extended producer responsibility (EPR) initiatives, encouraging the recycling of electronic devices at the end of their lifecycle.
Download Full PDF Sample Copy of Global Electrical and Electronic Scrap Recycling Report @ https://www.verifiedmarketreports.com/download-sample/?rid=622710&utm_source=Google_site&utm_medium=234
Boliden
Umicore
Aurubis
ERI
Mitsubishi Materials Corporation
Kuusakoski
Asahi Holdings
Glencore
LS-Nikko Copper
Gem
Stena Metall Group
GEEP
Cimelia
Veolia
Enviro-Hub Holdings
Dongjiang
Korea Zinc
Dowa Holdings
Mitsui Mining & Smelting
JX Nippon Mining & Metals
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=622710&utm_source=Google_site&utm_medium=234
Growing demand for below applications around the world has had a direct impact on the growth of the Global Electrical and Electronic Scrap Recycling Market
Smartphones
PC and Laptop
Refrigerator
TV Set
Air Conditioner
Others
Based on Types the Market is categorized into Below types that held the largest Electrical and Electronic Scrap Recycling market share In 2023.
Infocomm Technology (ICT) Equipment
Home Appliances
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
1. Introduction of the Global Electrical and Electronic Scrap Recycling Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electrical and Electronic Scrap Recycling Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electrical and Electronic Scrap Recycling Market, By Type
6. Global Electrical and Electronic Scrap Recycling Market, By Application
7. Global Electrical and Electronic Scrap Recycling Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electrical and Electronic Scrap Recycling Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/