The green electronics manufacturing market involves manufacturing electronic products and gadgets that are environmentally friendly and energy efficient. Green electronics aim to reduce hazardous materials and make devices more sustainable throughout their life cycle from design to disposal. With the growing awareness about climate change effects and need for sustainability, more consumers are opting for greener gadgets.

The global green electronics manufacturing market is estimated to be valued at US$ 20.04 Bn in 2024 and is expected to exhibit a CAGR of 25.% over the forecast period from 2024 to 2031.

Key Takeaways

Key players: Key players operating in the green electronics manufacturing market include Nokia, RIM, Toshiba, Samsung, Sharp, Philips, HCL Info system, LG, Apple, Dell, Sony, HP, Acer, Panasonic, VIA, Simmtronics, View Sonic, and Lenovo. These players are focusing on incorporating more recycled materials and eliminating toxic components from their devices and manufacturing processes.

Key opportunities: The increasing government regulations on electronic waste and stringent eco-label certification programs present lucrative opportunities for players. Growing environmental consciousness will drive demand for sustainable devices.

Global expansion: Major electronics companies are expanding their greener manufacturing capabilities globally to cater to rising worldwide demand. Regional policies are also promoting local green electronics production and recycling infrastructure.

Market Drivers

The growing consumer preference for eco-friendly devices across segments like mobile, computing, and home appliances is a major driver for Green Electronics Market Growth. Sustainable products appeal more to the new generation of environmentally conscious users. With regulations favoring environment-safe designs, manufacturers are compelled to adopt green manufacturing and attract ethically-motivated consumers. This is expected to significantly boost the green electronics industry over the forecast period.

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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)