Press release
Smart Waste Management Market is Probable to Influence the Value of USD 1528.62 million at a CAGR of 17.40% by 2029, Size, Share, Trends, Business Growth, Challenges and Competitive Outlook
Explore Further Details about This Research Smart Waste Management Market Report https://www.databridgemarketresearch.com/reports/global-smart-waste-management-market
According to a report, urban populations produce is known to produce approximately 4.6 Kilograms of solid waste per capital. Thus, government of various regions are highly investing in the urban waste collection. IoT based waste bins among others are widely being deployed as they are more feasible to collect waste effectively.
Global Smart Waste Management Market was valued at USD 423.60 million in 2021 and is expected to reach USD 1528.62 million by 2029, registering a CAGR of 17.40% during the forecast period of 2022-2029. Residential accounts for the largest application segment in the respective market owing to the high demand for waste management services from residential sector. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Smart waste management is the process of imposing the technique used to monitor the collection, disposal and transportation of waste material services for effective waste management operations. This involves the internet of things (IoT), which contains a broad variety of cameras, mobile computers and others.
Drivers
Emergence of Smart Cities
The increase in demand for the smart waste management due to the development of smart cities to provide improved lifestyle in the urban areas acts as one of the major factors driving the smart waste management market. Also, the adoption of smart city initiatives across regions has a positive impact on the market.
Regulations Associated with the Waste Processing
The increase in the complexity in the logistics of waste collection along with the need to comply with regulations pertaining to waste processing accelerate the market growth. The use of technologies, such as RFID, GPS, and IoT sensors, among others owing to the availability of commercially viable technologies drives the market.
Government Initiatives
The rise in the government initiatives through awareness programs showcasing importance of waste segregation and waste management further influence the market. The increase in interest of companies in waste management towards improving the renewable benefits of waste assists in the expansion of the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the smart waste management market.
Recent Developments
SUEZ signed an agreement with Eramet in May'2021 in order to expand joint efforts in the recycling end-of-life electric vehicle batteries sector. The partnership aims at providing competitive, sustainable and high-performance battery recycling solution for the European market.
Veolia joined hands with Groupe Renault in March'2021 with the purpose of enabling circular economy of EV battery metals in Europe through closed-loop recycling.
Global Broadcast and Media Technology Market Scope and Market Size
The smart waste management market is segmented on the basis of component, type of waste, method, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
Hardware
Solution
Optimization Solutions
Fleet Tracking and Monitoring
Remote Device Monitoring
Mobile Workforce Management
Analytics and Reporting Solutions
Advanced Analytics
Data Management
Dashboards and Platforms
Asset Management
Network Management
Others
Services
Professional Services
Managed Services
Support and Maintenance Services
Integration and Deployment Services
Consulting Services
Type of Waste
Solid
Special
E-Waste
Method
Smart Collection
RFID Technology (Radio Frequency Identification)
GPS Routing Systems
Vacuum Systems
Fuel Switching
Smart Processing
Advanced MRFs
Mechanical Biological Treatment
RDF Facilities
Smart Energy Recovery
Advanced Thermal Recycling
Waste To Fuel (W2F)
Plasma Arc Gasification
Pyrolysis
Gasification
Advanced Thermal Treatment
Vehicular Use
Electricity Generation
Direct Use
Biological Treatment
Incineration Variants
Incineration
Waste to Energy (WTE)
Smart Disposal
Sanitary Landfills
Bioreactor Landfills
Landfill and Solar Integration
Application
Healthcare
Industrial and Manufacturing
Construction
Food and Retail
Residential
Others
Some of the major players operating in smart waste management market are
IBM (US)
SAP SE (Germany)
SENSONEO (Slovakia)
Enevo (Hong Kong)
Big Belly Solar, LLC. (US)
Ecube Labs Co., Ltd. (South Korea)
Urbiotica (Spain)
WAVIoT (US)
Pepperl+Fuchs (India) Pvt. Ltd. (India)
OnePlus Systems Inc (China)
Covanta Holding Corporation (US)
RecycleSmart Solutions. (Canada)
Veolia (France)
Republic Services, Inc. (US)
Enerkem (Canada)
Building Research Establishment Ltd (UK)
SUEZ (France)
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