Bangalore, Karnataka -- (SBWIRE) -- 10/30/2012 -- Rapid developments in laptops and mobile phones are leading to the equally rapid abandonment of old models which no longer meet the mark, according to new research by technology experts.
The new research presents its findings that information and communication technologies represent the top producer of electronic waste (e-waste, or electronic and electrical goods that have been discarded by the original user, or which have reached the end of their productive life) today.
The generation of e-waste has grown sharply in the last two decades and will continue to grow swiftly as technology becomes more advanced. Mobile phones, once merely a tool of communication, now also function as cameras, video recorders, music players and handheld computers. These constant upgrades are increasing the volume of discarded mobile phones, spurring the need for safe disposal of such waste.
Increasing numbers of mobile users now exist and technology is being rapidly discarded from households in both developed and developing economies, with e-waste becoming one of the fastest growing waste streams in the world, according to Analysis. While developed economies such as the US have a high rate of e-waste generation due to high replacement rates, emerging countries like India and China represent a budding new market for electrical and electronic goods.
The market penetration of Personal Computers (PCs) and mobile phones is still quite low in India, but is expected to grow rapidly in the future. A major source of obsolete PCs in the e-waste market is the large Asia-Pacific Information Technology (IT) industry, as demand for the latest technologies, higher computing speeds and increased efficiency lead to more and more electronics being thrown away. Along with the high generation of e-waste domestically, China and India also receive illegal imports of e-waste from developed countries. These trends will increase the volume of e-waste generated in India, Japan and China in the future, which Report estimates will reach a total volume of 11.9 million metric tons by 2020.
This report provides key market trends and competitive landscape analysis for the e-waste management market. It discusses market dynamics in detail by providing analytical content on key drivers, restraints and challenges of the e-waste management market, and segments the global e-waste recovery market on the basis of materials recovered and geography.
The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by Research’s team of industry experts.
Buy E-waste Management Market to 2020 Report.