About PCB Waste Services
PCB waste services refer to the services applied for industrial products or chemicals. It includes PCB articles, which are more specifically defined as manufactured items containing PCBs such as electrical equipment, pipes, cables, and other types of equipment. The regulations provided are specific definitions for other categories of PCBs, like as PCB containers and PCB/radioactive waste. The market of the PCB waste services is increasing due to the growing awareness related to hazardous waste management, while there are some aspects which are hindering the market, such as higher initial investment and the lack in expertise to manage these kinds of systems
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the PCB Waste Services market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for PCB Waste Services Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global PCB Waste Services market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
US Ecology (United States), Clean Harbors (United States), Miller Waste (Canada), Aevitas (Canada), Veolia (France), LEI (United States), Eastern Environmental Technologies (United States), JESCO (Japan), Polyeco (Dubai) and ERG Environmental (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Séché Environnement (Trédi) (France), BalBok (Bulgaria), Emerald Transformer (United States) and Triumvirate Environmental (United States).
Segmentation Overview
AMA Research has segmented the market of Global PCB Waste Services market by Type (Transformer drain and flush, Disposal of PCB items and carcasses, Bulk soils disposal, Treatment and disposal of mixed PCB/RCRA and radioactive waste and PCB remediation waste), Application (Electrical Industry and Chemical Industry) and Region.
On the basis of geography, the market of PCB Waste Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Treatment site, the sub-segment i.e. Offsite will boost the PCB Waste Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Strict regulatory norms to limit landfills and Emergence of new recycling techniques
Market Growth Drivers:
Economic growth, urbanization, and industrialization, Increasing awareness about hazardous waste management and Strict environmental regulations
Challenges:
Costly specialised equipment and lesser availability of skilled technical professionals and Technical issues related to the management services
Restraints:
Higher initial investment and lack of expertise to manage these systems in developing economies and Associated with high risk and treatment facilities
Opportunities:
Extensive environment laws and regulations by federal, state, local, and foreign authorities are likely to driving the market over the projected period and Adoption of recycling techniques and development of innovative technologies and advanced waste collection solutions to enhance collection processes
Market Leaders and their expansionary development strategies
In February 2024, Interstate Waste Services, Inc., a leading, vertically integrated waste-by-rail provider of solid waste collection, disposal and recycling services announced it has entered into a definitive agreement to acquire Oak Ridge Waste & Recycling ("Oak Ridge"), one of Connecticut's preeminent providers of waste collection, transfer, and recycling services in Southwestern Connecticut and Suburban New York, further expanding IWS's service footprint into the tristate area.
In August 2021, August, Kigali , Rwanda. The Ministry of Environment, City of Kigali, Ministry of Infrastructure and the Global Green Growth Institute launched the “Waste to Resources” project in the City of Kigali in Rwanda. The project is led by the Ministry of Environment of the Government of Rwanda and funded by the Ministry of Environment, Climate and Sustainable Development of the Government of the Grand Duchy of Luxembourg.
European Communities regulations 2003, implement Council directives 85/467/EEC and 89/677/EEC in relation to polychlorinated biphenyls (except mono and dichlorinated biphenyls), PCTs, and preparations, including waste oils, with a PCB or PCT weight content higher than 0.005%
Key Target Audience
PCB Waste Services providers, Sub services providers, Channel partners, Industry association, Downstream vendors, Government and investment communities, Research organization and associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.