Green Electronics Manufacturing Market is driven by Rapid Growth in IoT and Connected Devices
The global Green Electronics Manufacturing Market comprises products and components that minimize environmental impacts during production and use. This includes materials that can be recycled, sustainable manufacturing practices, energy-efficient components, non-toxic substances, and reduced emissions. Green electronics aim to follow environmentally-friendly production methods and reduce carbon footprint through efficient energy use, reuse, and easy recyclability at the end of useful life. Technologies like renewable energy integration, water conservation, waste minimization, and toxin-free components aid in lowering carbon footprint and generating lesser pollution.
The Global Green Electronics Manufacturing Market is estimated to be valued at US$ 99.03 Bn by 2031 and is expected to exhibit a CAGR of 25.6% over the forecast period 2024 to 2031.
The global demand for Green Electronics Manufacturing Market Size is increasing rapidly owing to growing environmental awareness, stringent regulations, and consumer preference for sustainable products. Consumer electronics giants are expanding their portfolios to include more eco-friendly gadgets made from recycled materials and renewable energy sources.
Major electronics companies are looking to expand their green manufacturing capacities globally to tap new markets and comply with various jurisdictions' environmental mandates.
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