SUSTAINABLE ELECTRONICS MANUFACTURING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global sustainable electronics manufacturing market is estimated to be valued at UD$ 12.38 billion in 2024 and is expected to reach UD$ 54.67 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 23.6% from 2024 to 2031.
Report Description:
Sustainable electronics manufacturing is the process of producing electronics and electrical equipment in an eco-friendly manner with minimized environmental impact at each stage of product life cycle from design to disposal. With rapid growth in electronics consumption and e-waste generation, OEMs and governments across the globe are promoting sustainable practices in electronics supply chain to reduce carbon footprint and ensure long term environmental sustainability. Manufacturers are investing in green technology, renewable energy sources, efficient material recovery systems and closed loop recycling to align their production activities as per environmental and social responsibility standards.
Market Dynamics:
Global sustainable electronics manufacturing market growth is driven by stringent environmental regulations on electronics waste management and carbon emissions from manufacturing facilities. Growing consumer demand for eco-friendly electronics and pressure from investors on companies to incorporate CSR initiatives into business strategy are providing opportunities for adoption of sustainable practices. However, high initial costs of setting up green infrastructure, lack of developed waste recovery infrastructure in many countries and The absence of global standards for defining sustainable electronics is one challenge that is slowing down the rapid growth of this industry. With supportive government policies on green manufacturing and recovery of critical raw materials from e-waste, adoption of renewable energy sources and more collaborations between OEMs, reuse centers and recyclers, the market is expected to witness steady expansion during the forecast period.
Key features of the study:
Detailed Segmentation:
Table of Contents
*Browse 24 market data tables and 28 figures on "Global Sustainable Electronics Manufacturing Market” - Global forecast to 2031
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