Smart Waste Management Market is projected to experience CAGR of 16% from 2018-2024
Posted On October 17, 2018
According to the research conducted by Value Market Research (VMR), the Global Smart Waste Management Market is expected to grow at CAGR 16% from 1.25 Billion (by revenue) in 2017 and reach USD 3.43 Billion by 2024. The report covers the executive summary along with highlights of the major market drivers and restraints under the scope of the study period. The market size, market revenue along with regional segmentation and market player’s profiles is elaborately covered in the recently updated report.
The growth of the smart waste management market can be attributed to the several economic advantage offered by it. The growing environmental concern, strict governmental regulations along with growing innovation in terms of waste management is projected to drive the market growth. Also, the growing interest of organization in waste management towards maximizing the renewable benefits of waste coupled with the growing concept of e-waste is again fueling the market growth. Further adding, the ongoing rapid urbanization and increasing purchasing power of the consumer are some other factor boosting the demand for smart waste management over the forecast period.
The report "Global Smart Waste Management Market Report By Technology (Smart Collection, Smart Processing, Smart Energy Recovery, And Smart Disposal), Smart Energy Recovery (Waste to Energy And Waste to Fuel), And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2017-2024" has recently been updated with latest statistical data which can be used to explore new opportunities.
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Smart waste management is the concept of managing the waste generated from the residential and commercial places, streets, hospital and other public places. It uses the smart technologies such as a Radio Frequency identification disposal tags, sensor and vacuum container which offer real time fill measurement of solid municipal. The process includes collection of waste, processing and re-processing, recycling and resulting into efficient disposal. Smart waste management delivers the sustainable and clean environment. Owing to evolving technologies in terms of waste management and delivering efficient result various industrial bodies, municipal and several other waste management organization are adopting this system. Presently, mechanical and biological treatments are being adopted in smart waste management along with the refuse-derived fuel production facilities and advanced recovery facilities.
The global smart waste management market report is segmented by technology into smart collection, smart processing, smart energy recovery, and smart disposal. By smart energy recovery the market is segmented into waste to energy and waste to fuel. The market of smart waste management is analyzed across the region of North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
From the geographical point of view, the North America is dominating the market owing to the rising investment in order to develop novel and innovating ways to manage the waste. At the same time, Asia-Pacific region is growing at the fastest rate, the growth can be attributed to the expansion of waste to energy and waste to fuel sector. Also, the rising awareness regarding environmental hazard of poor waste management and shortage of land around the world has fueled the market growth.
The Report Segments Global Smart Waste Management Market -
- 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
- Waste to Energy (WTE)
- Waste to Fuel (W2F)
- Smart Disposal
- Sanitary Landfills
- Bioreactor landfills
- Landfill and Solar Integration
By Smart Energy Recovery:
- Waste to Energy (WTE)
- Incineration Variants
- Advanced Thermal Recycling
- Biological Treatment
- Direct Use
- Electricity Generation
- Vehicular Use
- Advanced Thermal Treatment
- Plasma Arc Gasification
- Waste to Fuel (W2F)
- North America
- Asia Pacific
- Latin America
- Middle East And Africa
Major players profiled in the report are:
BRE Smart Waste, Republic Services, Covanta Energy, Veolia North America, Harvest Power, and Recycle Smart Solutions
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