Electronic Scarp Recycling Market, By Product Type (Computers & Laptops, Mobile Phones, Televisions, Refrigerators, and Others), By Source (Residential, Commercial, and Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Aug 2024

Code : CMI4822

Pages :120

Formats :

Excel and PDF

Industry : Consumer Goods

Market Concentration and Competitive Landscape

Electronic Scarp Recycling Market Concentration By Players

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The growing adoption of renewable energy technologies

With depleting fossil fuel reserves and urgent climate action, renewable energy is gaining global prominence. Solar panels and wind turbines are proliferating worldwide to transition to cleaner sources of electricity. These new age technologies contain electronic components and circuits that will also eventually retire from use after 10-15 years. As installations increase exponentially, a huge volume of retired panels and other generation equipment will need processing and material extraction. The materials inside like silicon, glass, copper, and aluminum have high recycle potential if handled by experienced recyclers. This offers a secondary source of such critical minerals and reduces mining pressure.

However, when these manufacturing units upgrade their machinery and fabrication lines, the retired tools and equipment will enter the recycling channel. Many nations have formulated programs supporting renewable manufacturing to boost local jobs and economic activities. This will inevitably spur the recycling demand for these industries too to follow sustainable practices. Individual prosumers actively adopting rooftop solar are also growing steadily.

Key Players Insights