Global Smart Waste Management Market was valued ~US$ 1.5 Bn in 2019 and is expected to reach ~US$ 9.53 Bn by 2027, at CAGR of 26% during forecast period of 2020 to 2027.
Global Smart Waste Management Market: Overview
According to the research, about 1.5 billion metric ton of waste is generated every year across the globe and is expected to reach 2.3 billion, by end of the 2020. This increase can be credited to the growing population across globe, increasing urbanization and industrialization, across several developed and developing countries around globe.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
In order to provide improved lifestyle in the urban areas, water management, energy management and traffic management are important but waste management is a key aspect in the development of smart cities as without it no development can survive for long time. The growing adoption of smart city initiatives across several countries supports the growth of the smart waste management market. Not only for smart cities or urban areas but it is needed in the rural areas of a country as well. As wastes create problem to the environment and can harm to the humans as well as animals on planet by spreading several diseases and allergies.
Smart Waste Management Stages are:•
Smart Collection• Smart Processing• Smart Energy Recovery• Smart DisposalKey Market Trends:Smart Waste Collection through IoT to Contribute to the Market Growth:The advent of IoT has revolutionized and addressed operational costs, for the waste management companies. For instance, by using sensors near the trash containers, companies get insights to plan the fleet trucks in accordance with the volume of trash, thus decreasing the unnecessary fleet movement and fuel consumption. Government authorities of some cities across the United States, United Kingdom, United Arab Emirates and some others, in association with smart waste management companies and with the help of IoT systems are saving around 30% of waste collection costs.
North America to Account for the Largest Market Share
In 2019, the North America includes the maximum and an increasing number of smart cities owing to the speedy development. As per the research, around 30% of cities in the United States and Canada have already implemented strategic programs and consistently focusing to put larger areas under smart waste management. The United States alone generates the majority of the waste, at approximately 230 million metric ton per year, along with the government initiatives, and the penetration of smart city initiatives across the urban regions of North America is expected to account for the largest share of US$ XX.XX Bn in the smart waste management market.G
lobal Smart Waste Management Market Regional Analysis:
Followed by North America, the Europe region holds the next place in the global market for smart waste management. The government regulations in this region are supportive as well as there are also investments by the players in R&D and impose the latest technology, in order to develop ways to utilize the waste in an efficient ways. These factors are beneficial for the market growth and estimated to drive market with CAGR of XX.XX% during the forecast period. The Asia Pacific region also anticipates to witness a remarkable growth in the global market owing to the growing awareness about the environmental pollution and the adverse health effects, expected to maintain CAGR of XX.XX% in the forecasted years.
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Global Smart Waste Management Market Segmentation:
Global Smart Waste Management Market by Waste Type:
• Industrial Waste
• Residential Waste
Global Smart Waste Management Market by Solution:
• Network Management
• Analytics and Reporting Solutions
• Optimization Solutions
• Asset Management
• Fleet Management
• Remote Monitoring
• Others
Global Smart Waste Management Market by Service:
• Managed Services
• Professional Service
Global Smart Waste Management Market by Application:
• Food & Retail
• Manufacturing & Industrial
• Municipalities
• Construction
• Healthcare
• Colleges & Universities
Global Smart Waste Management Market by Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)
Top Key Players of Smart Waste Management Market Report Are:
• Suez Environmental Services
• Veolia Environmental Services
• Enevo
• Smartbin (OnePlus Systems Inc.)
• Bigbelly Inc.
• Covanta Holding Corporation
• Evoeco
• Pepperl+Fuchs GmbH
• IBM Corporation
• BIN
• Recycle Smart Solutions
• Covanta Energy
• Harvest Power
• Republic Services
• Enerkem
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The new Smart Waste Management Market report offers a comprehensive study of the current scenario of the market including major market dynamics.
Also, it highlights the in-depth marketing research with the newest trends, drivers, and segments with reference to regional and country.
Further, this report profiles top key players and analyze their market share, strategic development, and other development across the world.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the smart waste management market include Bigbelly, Covanta Energy, Enerkem, Harvest Power, RecycleSmart Solutions, Republic Services, Suez Environment, and Veolia North America.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Smart Waste Management Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/smart-waste-management-market/download-sampleMarket DynamicsRising need for disposal and recycling of the solid waste is a major factor driving the market growth.
Use of smart waste management to reduce time, resources and operational cost has widened its application areas.
Smart Waste Management MarketWaste can be tagged as “the second generation of pollution,” unless treated or disposed of sensibly.
The production of waste across different sectors is an inevitable phenomenon.
The rapid expansion of the global population is resulting in increased consumption.
A suitable approach can convert waste streams into scope for revenue generation for the renowned players operating in the smart waste management market.Right Pick for Waste Handling Can Volarize Waste Management SolutionsPlastics waste, automotive tires disposal, and electronic discards are essentially attracting attention to deal with.
Growing awareness of the significant increase in waste products across the globe and urgency in strategizing waste management to achieve remarkable outcomes are leading to the growing adoption of smart waste management solutions across industries.
Technological disruptions are observed to lay the groundwork for different smart waste management providers to gain a global foothold.
