Electronic waste (e-Waste) or electronic scrap (e-scrap) consists of televisions, computers, monitors, laptops, mobile phones, and other household appliances such as refrigerators, washing machines, etc. Equipment such as shredders, balers, sorters, and collectors are used in the e-scarp recycling process.
Europe is the largest e-scrap recycling equipment market worldwide, followed by the Asia Pacific and North America
Europe, Asia Pacific, and North America are mature markets for E-scrap recycling equipment. Stringent government rules and regulations regarding the processing of e-waste generated by various consumer electronic products such as household appliances, mobiles, laptops, etc. are contributing to the growth of the e-scrap recycling equipment market.
The E-scrap recycling equipment market in Middle East & Africa and the Asia Pacific is expected to grow at a significant rate during the forecast period, owing to a rise in recycling rate, increasing government regulations, and a surge in the usage of technologically advanced products in various countries in the Asia Pacific
Recent trends indicate that traders are more interested in investing in recycling plants, with particular attention being paid to e-scrap recycling as some of the components in e-scrap are hazardous to health. Recycling of e-scarp encourages circular economy and reduces pressure on energy resources as recycled material can be used again in the manufacturing.
The shift towards energy sources through waste has been in large part spurred by increasing government regulation, and more stringent environmental protection legislation towards existing energy resources. The need for recycling of existing scrap to reduce pressure on the environment has also increased and created more of a need for recycling solutions.
A rise in awareness among electric and electronic product users about environmental issues faced by landfills is expected to drive the e-scrap recycling equipment market in the coming years. Hazardous effects of e-scrap and stringent government regulations to prevent improper disposal make electronic scrap one of the fastest-growing recycling segments. Thus, stringent regulations pertaining to environment-friendly processing of e-scrap drives the market.
The e-scrap recycling equipment market has been segmented based on machine type, technology, processed material, application, and region
With advancements in technology, the demand for electronic and electrical equipment has risen dramatically. Persistent innovations in electronic and electrical technologies have further shortened the user-life of electronic and electrical products.
In terms of machine type, the global e-scrap recycling equipment market has been classified into balers, pre-shredders & shredders, briquetting machines, sorters & collectors, eddy current separators, and others
Based on technology, the e-scrap recycling equipment market has been divided into automatic and semi-automatic
In terms of processed material, the e-scrap recycling equipment market has been classified into plastic, metal (ferrous, non-ferrous, other precious metal), glass, and others
Based on the end-use industry, the e-scrap recycling equipment market has been categorized into household appliances (refrigerators, washing machines, dishwashers, air conditioners, coffee makers, and others), IT & telecommunications equipment (personal computers & laptops, telephones & mobile phones, printers, and others)
Based on region, the e-scrap recycling equipment market has been divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., Germany, France, Italy, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, and Rest of Asia Pacific), Middle East & Africa (GCC, South Africa, and Rest of the Middle East & Africa), and South America (Brazil and Rest of South America)
Major players in the global e-scrap recycling equipment market are significantly focusing on opportunities to improve their efficiency and enhance their processing capabilities. Competition is expected to intensify in the near future with the entry of several local players. Key companies profiled in the research report include CROSS WRAP OY LTD., CP Manufacturing, Inc., Eldan Recycling A/S, GENOX RECYCLING TECH CO., LTD., Granutech-Saturn Systems, Green Machine Sales LLC, Krause Manufacturing, Sesotec GmbH, Southeast Machinery, and SSI Shredding Systems, Inc.