A recent analysis conducted by Value Market Research on the Global Smart Waste Collection Technology Market was valued USD 70 MN (by revenue) in 2017 and is anticipated to reach USD 194.4 MN by 2024 with a CAGR of 16%. This report covers all the significant and latest information associated with the market in detail. Also, this report highlights the competitive landscape of the market which will help to understand the current environment and future state of the industry.
Although, the smart waste collection technology is still in the nascent phase, it is emerging internet of things (IoT) which enables smart bins and sensor market to gain momentum in the coming years. Further, availability of commercially viable technologies and benefits associated with it such as cutting down operational cost and enhanced environment and health safety will favor the market growth. Also, emerging integrated smart city applications and IoT technologies are again expected to augment the market growth. Despite the successful adoption of this solution worldwide, there is still limited demand for smart waste collection solutions owing to the lack of awareness regarding the effectiveness of the technology among consumers.
The report - "Global Smart Waste Collection Technology Market Report By Deployment (Wireless Sensor Network And Software Platform), Application (Smart Cities, Commercial And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2017-2024"- offer all the latest developments, market shares, and strategies adopted by the major market players in the market.
In this era of advanced technology, anyone can use tech for nearly everything including taking out the trash. The smart waste collection is an essential city service which not only reduces cost but also reduces the business environment impact. Technically, smart waste collection systems track waste levels and offer route optimization and operational analytics. In short, this solution can help to meet sustainability goals (zero waste) and enhanced services for residents.
The report comprises of segmentation based on deployment, application, and region. Deployment area covers wireless sensor network and software platform, among these two, wireless sensor network, is gaining momentum in the market since it offers easy monitoring and better collection of waste. This solution also reduces human interface and operational cost which is again fueling WSN demand. Smart waste collection technology finds application across smart cities, commercial and others. Smart cities have emerged as the largest application area owing to ongoing rapid urbanization and growing concern over proper disposal of waste.
The regional analysis covers North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is ruling the global smart waste collection technology owing to rising number of smart cities along with the rising government initiatives in order to promote sustainability in the region.
The Report Segments Global Smart Waste Collection Technology Market -
Major Players Outlined In The Report:
The prominent players of the smart waste collection technology market are Bigbelly Solar, Cognito Tech Solutions, Compology, Ecube Labs, Enevo, IoTsens, SmartBin, SmartUp Cities, System Level Solutions, Urbiotica, and WAVIoT.
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