Global Smart Waste Management Market Research Report – by Component (Hardware, Solution (Data Analytics and Reporting Solution, Remote Device monitoring, Fleet Management, Network Management, Asset Management and others) and Services), Type of waste, Method, Application (Healthcare, Industrial & Manufacturing, Construction, Food & Retail, Residential and Others) and by Region – Forecast till 2030. According to the reports, the Global Smart Waste Management Market size is projected to grow at a compound annual growth rate (CAGR) of 24.38 percent, reaching a market size of USD 1.75 billion by 2030.
Market Scope

Smart waste management, simply put, is the process of collecting, transporting, and disposing of waste material in an efficient way with little environmental effects. The usage of smart bins or smart trashes to collect waste materials coupled with a garbage monitoring system helps waste management authorities to effectively manage waste material.

Smart waste management is an affordable solution to effectively manage waste lifecycles in order to augment public health and environment. It is the combination of innovative strategies and advanced technologies which help in the effective recycling, sorting, and disposal of a huge amount of waste in a well-organized and smooth manner. Owing to its alluring features and benefits, it has wide applications in residential, food and retail, healthcare, construction, industrial and manufacturing, and other industries.

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Challenges

According to projections, the worldwide smart waste management industry would see challenges due to a lack of efficient connection and expensive starting costs.
Smart Waste Management Market Opportunities:

Increasing acceptance of technology advances such as the Internet of Things (IoT) for trash collection, as well as an increase in the number of people using them in developing nations, are expected to provide profitable opportunities for market participants over the forecast timeframe.

Smart Waste Management Market Segmentation:

Based on the type of waste, the smart waste management market has been segmented into solid waste, special waste, e-waste, and others.

Based on the method, the smart waste management market has been segmented into smart collection, smart processing, smart energy recovery and smart disposal. The smart collection segment is sub-segmented into RFIS, fuel switching, GPS routing systems, and vacuum systems. The smart processing segment is further sub-segmented into mechanical biological treatment, RFD, and advanced MRFs.

Based on the application, the smart waste management market has been segmented into manufacturing, food & retail, healthcare, construction, industrial and others.

Smart Waste Management Market Regional Analysis:

The regional study of the global smart waste management market spans across Asia Pacific, North America, Europe, and Rest of the World. North America is the largest market for smart waste management trailed by Europe. The technological advancements in the region are likely to dictate the future trajectory of the smart waste management market in the region.

Asia Pacific is expected to witness positive growth through the forecast period. The consolidation of developing economies in the region is prognosticated to favor the expansion of the smart waste management market over the next few years.

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Smart Waste Management Market Key Players :

IBM Corporation (US)
SAP SE (Germany)
Enevo (Finland)
Bigbelly, Inc. (US)
Waste Management, Inc. (US)
Ecube Labs Co., Ltd.(South Korea)
Covanta (US)
Pepperl+Fuchs Group (Germany)
OnePlus Systems Inc(US)
Urbiotica (Spain)
Report Overview:

The following report comprises of –

Market overview
Covid 19 Analysis
Market Dynamic
Drivers
Opportunities
Restraints
Challenges
Cumulative Growth Analysis
Value Chain Analysis
Segmentation Overview
By Application
By End-Users
Regional Analysis
Competitive landscape
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