Electronic waste or e-waste is called as disposal of broken or obsolete electronic components and materials. Some e-waste materials are expensive and recyclable such as random access memory and laptops. However, some hazardous materials require special handling process in a disposal. Common discarded electronic products are computers, televisions, stereos, copiers, electric lamps, cell phones, and fax machines. The hazardous content of materials may create a threat to human health and the environment, which need to be managed and recycled.
Technological advancements and rapidly growing industrialization in developed well as in developing countries are major factors expected to drive the growth of the global market over the forecast period. In addition, increasing innovation in home appliances and electronics are other factor expected to further fuel growth of target market. Furthermore, the growth rate of health hazards such as kidney damage and Wilson’s disease, owing to the discharge of toxic materials from electronic scrap and incineration, are other factors expected to increase demand for efficient scrap management techniques over the forecast period.
For more detailed information about this report http://bit.ly/2Q06A7Z
Increasing government initiatives among various countries for improving recycling infrastructure for e-waste management is expected to create potential revenue growth for players operating in the target market in the near future.
The market in North America followed by Europe is expected to dominate the target market in terms of revenue over the forecast period, owing to increasing technological advancements, the introduction of new products, and increasing early adoption of new technologies in various countries in these regions. The market in the Asia Pacific is expected to register significant share in terms of revenue over the forecast period, owing to increasing adoption of electronic goods in various countries in the region.