Electronic wastes, "e-waste", "e-scrap", or "Waste Electrical and Electronic Equipment" ("WEEE") is a description of surplus, obsolete, broken or discarded electrical or electronic devices. Technically, electronic "waste" is the component which is dumped or disposed or discarded rather than recycled, including residue from reuse and recycling operations. Because loads of surplus electronics are frequently coming led (good, recyclable, and non-recyclable), several public policy advocates apply the term "e-waste" broadly to all surplus electronics.
WEEE has been identified as one of the fastest growing sources of waste and is estimated to be increasing by 16-28 per cent every five years. Within each sector a complex set of heterogeneous secondary wastes is created. Although treatment requirements are complicated, the sources from any one sector possess many common characteristics.
Electrical and electronic equipments are made up of a multitude of components, some containing toxic substances which can have an adverse impact on human health and the environment if not handled properly. Often, these hazards arise due to the improper recycling and disposal processes used. Cathode Ray Tubes (CRTs) have high content of carcinogens such as lead, barium, phosphor and other heavy metals.
Global E-Waste Management Market is expected to garner $49.4 billion by 2020, registering a CAGR of 23.5% during the forecast period 2014 - 2020. It is one of the fastest growing waste streams in emerging as well as developed regions. The reduced life spans of electrical, electronic and consumer electronic devices are generating large E-Waste, which is growing rapidly every year.
The growth of E-Waste market is supplemented by the growing need for upgrading to the latest technologies. A desire towards the adoption of new technologically advanced devices leads to generation of millions of tons of E-Waste across various regions. According to the United Nations initiative to estimate E-Waste production, the world produced approximately 50 million tons of E-Waste in 2012, on an average 15 of lbs per person across the globe.
To reduce the E-Waste generated across the world, E-Waste management initiatives are being taken by the government agencies of various regions. Market players are taking measures to recycle the E-Waste in order to reduce the pollution and environmental hazards caused by it.
Key Players
1. E-Parisaraa Pvt. Ltd.
2. Ecocentric Management Pvt. Ltd.
3. Greenscape Eco Mgmt. Pvt. Ltd.
4. Navrachna Recycling Pvt. Ltd.
5. Sims Recycling Solutions India Pvt. Ltd.
