Innovative Strategies and Business Models Enable Resource Circulation and Value Recovery
Global eWaste generation reached 59.4 million tons in 2022 and will likely reach 74.7 million tons in 2030, recording a compound annual growth rate (CAGR) of 2.9% between 2022 and 2030. The publisher estimates an average of 2 million metric tons of eWaste added yearly due to the explosive rise in EEE consumption over the last two decades.
Leading developments in the EEE circular economy focus on limiting the generation of end-of-life EEE with top opportunities dedicated to solutions, strategies, and technologies to enable the second life of products and components. We estimate the global second-life EEE market rent, repair, and reuse services at $0.66 billion in 2022. It will likely register a dynamic CAGR of 20.1% between 2022 and 2030 to reach $2.83 billion in 2030.
Governments are setting new policies to limit the export and import of end-of-life EEE, potentially resulting in a growing demand to reinforce or establish the necessary infrastructure to process end-of-life EEE in their countries of origin. The publisher estimates the global end-of-life EEE market in 2022 was $4.16 billion. It will likely reach $5.35 billion in 2030, registering a 3.2% CAGR between 2022 and 2030.
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Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Back Market
- Blancco Technology Group
- Cisco
- Fairown
- HP
- refurbed
- Security Matters (SMX)
- SIMS Lifecycle Services
- TES
