(MENAFN- EIN Presswire) E-waste contains 75% of environmentally hazardous waste found in landfills and less than 20% is recycled each year
SURREY, BRITISH COLUMBIA, CANADA, November 14, 2021 /EINPresswire.com / -- The global E-waste and Information technology Asset Disposition (ITAD) market size is expected to reach USD 115.06 Billion at a steady revenue CAGR of 8.6% in 2028, according to latest analysis by Emergen Research. Rising focus on more efficient management of E-waste and information Technology asset disposition is expected to support market growth going ahead. China was the leading country based on E-waste generation in 2019. However, per capita generation of E-waste is substantially high in developed countries in the West as well. E-waste contains 75% of environmentally hazardous waste found in landfills and less than 20% is recycled each year. Demand for ITAD is growing steadily as it ensures disposition of old IT devices without compromising any existing data and help tackle E-waste challenges.
Consumption of electronic devices continues to increase at a substantially rapid rate and Consumer Technology Association has stated that households in the US have up to 24 electronic products. Steady development and introduction of new and more innovative electronic devices and reducing costs of such devices is resulting rising adoption among consumers. As devices are becoming more advanced, older versions are becoming obsolete. . E-waste and Information Technology Asset Disposition (ITAD)Market Size – USD 59.23 Billion in 2020, Market Growth – at a CAGR of 8.6%, Market Trends – Implementation of stringent regulations. Rising concerns regarding harmful effects of E-waste on human health and the environment and implementation of regulations are factors driving market revenue growth.To reduce E-waste, many countries have passed laws banning such waste from going into incinerators and landfills. An estimated 70% of heavy metals in landfills in the US are from electronics, and this trend is expected to continue going forward. This report is the latest document encompassing the massive changes that took place in the e-Waste and Information Technology Asset Disposition (ITAD) market following the emergence of the COVID-19 pandemic.
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Key players in the market include Dell Technologies, Electronic Recyclers International, Inc., Hewlett Packard Enterprise, LifeSpan International, Umicore S.A., Aurubis AG, Tetronics (International) Ltd., IBM Corporation, Boliden AB, and Iron Mountain.
China was the leading country based on E-waste generation in 2019. However, per capita generation of E-waste is substantially high in developed countries in the West as well. This has created urgent need for proper IT asset disposition program in enterprises.
Source Outlook (Revenue, USD Billion; 2018–2028)
Household
Consumer
Industrial
Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
IT and Telecom
Banking, Financial Services, and Insurance (BFSI)
Healthcare Industry
Media and Entertainment
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Regional Overview:
The global e-Waste and Information Technology Asset Disposition (ITAD) market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global e-Waste and Information Technology Asset Disposition (ITAD) market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Market Taxonomy:
Chapter 1: Methodology & Scope
•Definition and forecast parameters
•Methodology and forecast parameters
•Data Sources
Chapter 2:
Executive Summary
•Business trends
•Regional trends
•Product trends
•End-use trends
Chapter 3:
Industry Insights
•Industry segmentation
•Industry landscape
•Vendor matrix
•Technological and innovation landscape
Chapter 4:
Regional Landscape
Chapter 5:
Company Profile
•Business Overview
•Financial Data
•Product Landscape
•Strategic Outlook
Key questions addressed in the report:
What are the key factors driving the global e-Waste and Information Technology Asset Disposition (ITAD) market?
Who are the key manufacturers in this market space?
Who are the distributors, traders and dealers of this market?
What are the market opportunities and risks affecting the performance of the vendors in the global e-Waste and Information Technology Asset Disposition (ITAD) market?
What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?
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