According to ASSOCHAM, the E-waste recycling sector in India is growing at a CAGR of 30% presenting numerous opportunities in terms of investment, infrastructure development and jobs in the e-waste sector.
[ClickPress, Thu Nov 07 2019] E-waste refers to all types of electrical and electronic equipment (EEE) which include consumer electronics, such as computers, tablets, mobiles, TVs, refrigerators, microwaves & other home appliances and industrial grade electronics, such as telecommunication systems, instrumentation systems, and machinery.
E-waste recycling involves reuse and reprocessing of electrical and electronic equipment that has been discarded as junk. Recycling helps in extracting the valuable metals and components which can be sold into the market for reuse. With increasing e-waste every year, the opportunities in the e-waste sector are also increasing.
The market for e-waste recycling plant is segmented based on Product Type (IT/Telecom/ Consumer goods/Large home appliances), based on Application (Material Recycling/ Components Recycling/Disposal).
The key industry players involved in the E-waste recycling and management are Attero, Baobab, Adatte E-waste management, Z environment industries, RE-tech, Namo e-waste management, GS International, ECS environment, Cerebra international technologies, and E Incarnation recycling.
According to ASSOCHAM, the E-waste recycling sector in India is growing at a CAGR of 30% presenting numerous opportunities in terms of investment, infrastructure development and jobs in the e-waste sector. Digital transformation, social and economic growth, rapid technology advances, dumping the trash, decreased the life span of electronic devices, rate of obsolescence, etc. are the major factors leading to the growth of e-waste.
With increasing government initiatives, amendments in waste, management rules and subsidies offered for plant and machinery, e-waste recycling business can become a profitable business opportunity.
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