Transformer Dismantling & Recycling Services: Introduction

  • Transformer dismantling & recycling refers to a process of dismantling equipment and the separation of cleanable and recyclable components. It is an alternative to "conventional" waste disposal that can lower primary metal consumption. Transformer dismantling & recycling service offers several benefits. For instance, it helps preserve natural resources and lower energy consumption.

Key Drivers & Restraints of Transformer Dismantling & Recycling Services Market

  • Increase in volume of electrical equipment scrap such as transformers; and introduction of e-waste management programs to minimize the disposal of electronic equipment at landfill sites are major factors driving the global transformer dismantling & recycling services market. Rapid growth of technology, upgrade of technical innovations, and high rate of obsolescence in the electronics industry have increased the volume of scrap of electrical equipment across the globe.
  • Increase in demand for recycled metals such as copper, aluminum, and steel is expected to propel the global transformer dismantling & recycling services market between 2020 and 2030
  • Investments in upgrade & replacement of aging electrical equipment such as transformers is anticipated to stimulate the global transformer dismantling & recycling services market during the forecast period. However, lengthy time and high costs associated with recycling of existing transformers is expected to restrain the global transformer dismantling & recycling services market during the forecast period.

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COVID-19 Impact

  • Governments of various countries have enforced nationwide lockdowns, as precautionary measure to curb the spread of the COVID-19 pandemic. The supply chain of electronic & electrical waste recycling was disrupted, due to shortage of manpower and limited availability of waste materials such as scrap transformers. This, in turn, has hampered the demand for transformer dismantling & recycling services.

Sorting & Collection Service Segment Expected to Hold Major Share of Global Market

  • The global transformer dismantling & recycling services market can be segmented based on service and region
  • In terms of service, the global transformer dismantling & recycling services market can be divided into sorting & collection, recycling, and disposal. Improper disposal of transformer increases the risk of fire, leakage, and environmental & health hazards. In order to mitigate the risk associated with improper disposal of existing transformer, recycling of transformer is necessary. This is anticipated to propel the demand for recycling services in the global transformer dismantling & recycling services market during the forecast period.

North America Likely to Constitute Significant Share of Global Transformer Dismantling & Recycling Services Market

  • In terms of region, the global transformer dismantling & recycling services market can be divided into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
  • North America held key share of the global transformer dismantling & recycling services market in 2019. Growth of the market can be ascribed to increase in volume of aging transformers. Presence of several recycling facilities is also anticipated to boost the transformer dismantling & recycling services market in the region.
  • The transformer dismantling & recycling services market in Asia Pacific is anticipated to expand at a significant pace during the forecast period due to the increase.
  • The transformer dismantling & recycling services market in Europe is also projected to witness growth during the forecast period due to rise in capital expenditure on development of electrical grid infrastructures. Furthermore, introduction e waste management programs across the several countries to lower the disposal of electronic scrap at landfill sites is expected to propel the demand of transformer dismantling & recycling services in the region in the near future. 
  •  The transformer dismantling & recycling services market in Latin America and Middle East & Africa is predicted to expand at a sluggish pace during the forecast period, led by rise in awareness about the benefits associated with recycling services

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Key Players Operating in Global Market

Leading companies operating in the global transformer dismantling & recycling services market include:

  • Critical Power Products & Services
  • Alberich
  • Miteco
  • Sri Sai Company
  • Environmental Protection Services
  • Alco Iron & Metal Co
  • Eastern Environmental Technologies, Inc. |

Global Transformer Dismantling & Recycling Services Market: Research Scope

Global Transformer Dismantling & Recycling Services Market, by Service

  • Sorting & Collection
  • Recycling
  • Disposal

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

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All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

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The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Transformer Dismantling & Recycling Services Market