In the last ten years or so, technological advancements have grown rapidly especially when electronic data management and communications have spurred economic growth and improved people’s lives in incalculable ways. However, our growing dependence on electronic products both at home and in the workplace has given rise to a new environmental challenge: electronics waste. A recent study by EPA shows that electronics already make up approximately 1 percent of the municipal solid waste stream. Research completed in Europe shows that electronics waste is growing at three times the rate of other municipal waste. To the extent possible, electronics waste should be prevented, and older electronics should be reused and recycled.
If donation for reuse or repair is not a viable option, households and businesses can send their used electronics for recycling. Recycling electronics avoids pollution and the need to extract valuable and limited virgin resources. It also reduces the energy used in new product manufacturing. A growing number of municipalities are offering computer and electronics collections as part of household hazardous waste collections or special events. In addition, public and private organizations have emerged that accept computers and other electronics for recycling.
Globally, the residential generators market is witnessing growth primarily due to an unprecedented increase in consumer demand for electricity in the residential sector, said Global Industry Analysts. National grids in many countries worldwide are taking on increasing pressure due to growing electrification and urbanization. The result is the rise in the frequency and number of electricity grid failures leading to power outages. Such energy shortages are prevalent in more than 80 countries globally, indicative of the seriousness of the problem. The situation has been triggering demand for standby power and thereby for generators, both for commercial and residential usage. While power outages and changing lifestyles are growth drivers, the growing affordability of generators is becoming a major factor pushing consumers towards purchasing generators.
Technological developments with the promise of enhancing the fuel efficiency and operation of genets also go a long way in increasing sales. The residential standby generators market is expected to provide huge growth opportunities in the future. Despite high growth in the recent past, the market is relatively unsaturated and is expected to witness rapid growth in the future as well. Present day generators are also more environmentally friendly due to the incorporation of technologies such as electronic governors and automatic voltage regulation. Presently, a few smart generators are even capable of being monitored through the Internet.
If donation for reuse or repair is not a viable option, households and businesses can send their used electronics for recycling. Recycling electronics avoids pollution and the need to extract valuable and limited virgin resources. It also reduces the energy used in new product manufacturing. A growing number of municipalities are offering computer and electronics collections as part of household hazardous waste collections or special events. In addition, public and private organizations have emerged that accept computers and other electronics for recycling.
Globally, the residential generators market is witnessing growth primarily due to an unprecedented increase in consumer demand for electricity in the residential sector, said Global Industry Analysts. National grids in many countries worldwide are taking on increasing pressure due to growing electrification and urbanization. The result is the rise in the frequency and number of electricity grid failures leading to power outages. Such energy shortages are prevalent in more than 80 countries globally, indicative of the seriousness of the problem. The situation has been triggering demand for standby power and thereby for generators, both for commercial and residential usage. While power outages and changing lifestyles are growth drivers, the growing affordability of generators is becoming a major factor pushing consumers towards purchasing generators.
Technological developments with the promise of enhancing the fuel efficiency and operation of genets also go a long way in increasing sales. The residential standby generators market is expected to provide huge growth opportunities in the future. Despite high growth in the recent past, the market is relatively unsaturated and is expected to witness rapid growth in the future as well. Present day generators are also more environmentally friendly due to the incorporation of technologies such as electronic governors and automatic voltage regulation. Presently, a few smart generators are even capable of being monitored through the Internet.
