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The role of remanufacturing in energy conservation, material saving, consumption reduction, pollution reduction and economic efficiency is enormous. There are 480,000 people in the United States who are engaged in remanufacturing, generating $53 billion in annual output. The development of remanufactured technology for waste reconciliation and the development of remanufacturing into a new industry is a powerful measure for China to develop a circular economy as a major equipment country.
Recycling of used equipment is profitable
China's equipment assets are several trillion yuan. The annual losses caused by equipment wear and scrapping due to wear and corrosion have exceeded 100 billion yuan. The scrapping of a large number of equipment has exerted tremendous pressure on the environment and resources. Remanufacturing is the use of advanced technology and industrial production as a means to repair and renovate used mechanical and electrical equipment, so that it can restore performance and even obtain new performance, and extend the service life of equipment.