• US: +1 9176726599
  • Login

Smart Waste Collection Technology Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 268 | Report ID: MRS1058


Report Description

The global Smart Waste Collection Technology market size is estimated at USD 1.64 billion in 2020, expanding at a CAGR 28.4% from 2021-2027.

Market Dynamics

Smart Waste Collection Technology is a technology and innovation strategy is used to detect and collect the waste for its proper disposal which helps in efficient sorting, recycling, and disposal of waste in a smooth and organized manner.

The rising development of smart cities and growing awareness for smart waste management in developed countries are driving the market growth. In addition, increasing environmental regulations by governments and policies for greener cities and proper waste management are also contributing to fuel the market growth during the forecast period. Furthermore, technological advancement for the detection and disposal of waste is likely to boost market growth. However, the high cost for maintenance and lack of efficient connectivity are likely to hinder the market growth during the forecast period.

Based on Waste Type, the market is bifurcated into Solid, Special, and E-waste. The Solid waste segment is estimated to hold the largest market share during the forecast period owing to the rapid industrialization and various residence and corporate establishments.

Based on Source, the market is segmented into Residential, Commercial, and Industrial. The Industrial segment witnessed the largest market share during the forecast period owing to advancements in Industrialization and rising demand for proper disposal of waste management.

Based on Method, the market is bifurcated into Smart Collection, Smart Processing, Smart Disposal, and Others. The Smart Collection segment is projected to hold the largest market share in the Smart Waste Collection Technology market during the forecast period owing to the increasing demand for cost-effective technologies for waste collection involving IoT sensors, GPS and RFID.

Based on End-Use, the market is bifurcated into Residential & Municipalities, Manufacturing and Industrial, Construction & Demolition, Water Supply & Sewage Treatment, Healthcare, Food & Retail, and Others. The Manufacturing and Industrial segment is projected to hold the largest market share in the Smart Waste Collection Technology market during the forecast period owing to the massive volume of hazardous waste coming out of industries and the adoption of smart waste management technologies in the industrial sector.

Regionally, the North American region holds the largest revenue share in 2020 and is estimated to register significant growth during the forecast period owing to rising investment in Research and development for waste management. On the other hand, Asia Pacific accounted for the significant growth rate during the forecast period owing to the demand for renewable energy obtained from the conversion of waste-to-energy and rising concern for better and efficient ways for waste management in the region.

Some of the prominent players are Bigbelly Inc., Covanta Holding Corporation, Ecube Labs Co. Ltd., Evoeco, Enevo Oy, Evreka, IBM Corporation, Pepperl+Fuchs SE, Republic Services Inc., SAP SE, Smartbin (OnePlus Systems Inc.), Suez Environmental Services, Urbiotica SL, Veolia Environmental Services and Waste Management, Inc., among others.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Smart Waste Collection Technology Market by waste type, source, method, end-use, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Bigbelly Inc.
  • Covanta Holding Corporation
  • Ecube Labs Co. Ltd.
  • Evoeco
  • Enevo Oy
  • Evreka
  • IBM Corporation
  • Pepperl+Fuchs SE
  • Republic Services Inc.
  • SAP SE
  • Smartbin (OnePlus Systems Inc.)
  • Suez Environmental Services
  • Urbiotica SL
  • Veolia Environmental Services
  • Waste Management, Inc.

Waste Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Solid
  • Special
  • E-waste

Source Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Residential
  • Commercial
  • Industrial

Method Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Smart Collection
  • Smart Processing
  • Smart Disposal
  • Others

End-Use Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Residential & Municipalities
  • Manufacturing and Industrial
  • Construction & Demolition
  • Water Supply & Sewage Treatment
  • Healthcare
  • Food & Retail
  • Others

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • Latin America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Smart Waste Collection Technology market size is estimated at USD 1.64 billion in 2020, expanding at a CAGR 28.4% from 2021-2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global industry is growing at a promising growth rate over the study period.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The worldwide market is characterized by the presence of large number of small scale and medium scale players.

Why Choose Market Research Strategy?

  Authenticated Data Sources

We utilize market analysis/information from verified authenticated data sources to scoop accurate research reports

  Express Delivery

We understand the urgency of our clients and their clients' in the competitive space thus, deliver the report in minimum turnaround

  Gain Instant Access

Without further ado, choose us and get instant access to reliable analysis to help you make the right business decisions.

  Our Pledge to You

We abide by the information security policy and adheres to keep your private and business information confidential and secure.

Copyright © 2022 Market Research Strategy, All rights reserved.