The new report by Expert Market Research titled, ‘Global Smart Waste Management Market Size, Share, Growth, Analysis, Report and Forecast 2022-2027’, gives an in-depth analysis of the global smart waste management market, assessing the market based on its segments like waste type, method, source, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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Smart Waste Management Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): USD 2.2 billion
• Forecast CAGR (2022-2027): 10.87%
• Forecast Market Size (2027): USD 4.3 billion
Report Attribute Details
Historical Period 2017-2021
Forecast Period 2022-2027
Base Year 2021
Market Size in 2021 USD 2.2 billion
Revenue Forecast in 2027 USD 4.3 billion
Growth Rate CAGR 10.87%
Major Players Covanta Holding Corporation, Veolia Environnement S.A., Republic Services, Inc., Sensoneo j.s.a., and BigBelly, Inc.
The rapidly growing population and urbanization are leading to a huge increase in the generation of waste. Every year, around 2.1 billion tonnes of municipal solid waste is generated around the globe. The constantly surging generation of waste highlights the importance of an efficient and less costly method like smart waste management. Smart waste management offers ample advantages like the reduction in the collection and unnecessary fuel consumption costs, elimination of missed pickups, and allows for strategic scheduling of garbage collection with real-time data. All such advantages are driving its implementation around the globe.
Smart Waste Management Industry Definition and Major Segments
Smart waste management refers to the management of waste with the use of technology. Smart waste management uses digital technology and data to make waste management more efficient, optimise the allocation of resources, minimize running costs, and increase the sustainability of waste services.
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Based on waste type, the market is divided into:
• Solid Waste
• Special Waste
• E-Waste
On the basis of the method, the market is bifurcated as:
• Smart Collection
• Smart Processing
• Smart Disposal
Depending on the source, the market is segmented into:
• Residential
• Commercial
• Industrial
For an in-depth analysis, the global smart waste management market has also been segmented into regions, namely North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Smart Waste Management Market Trends
The growing inclination towards sustainability and the rising need to reduce the strain put by the waste on the environment is propelling the adoption of smart waste management technologies. Some of the innovative technologies revolutionizing waste management are smart waste bins, waste level sensors, AI recycling robots, garbage truck weighing mechanisms, pneumatic waste pipes, solar-powered trash compactors, e-waste kiosks, and recycling apps. Furthermore, some of the smart cities implementing smart waste management are San Francisco, California, Songdo, South Korea, and Amsterdam, Netherlands.
Key Market Players
The major players in the global smart waste management market report are:
Covanta Holding Corporation
Veolia Environnement S.A.
Republic Services, Inc.
Sensoneo j.s.a.
BigBelly, Inc
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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