As per this study the Global Smart Waste Management Market was valued at USD XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2027 with a CAGR of XX%.
Smart waste management is a process of collection, processing, managing, monitoring and recycling the solid waste into the useful outcome. These uses GPS, a weight sensor, Wi-Fi module, ultrasonic sensor, integrated software packages, RFID (Radio Frequency Identification) disposal tags and other technologies to detect, filter and monitor waste and the waste bins. Advantages of the smart waste management system are, it offers real-time data and also reduces the number of resources, time-span, and operational cost.
Rising need for disposal and recycling of the solid waste is a major factor driving the market growth. Increasing environmental concern towards disposal of e-waste and hazards of incineration and landfilling is fueling the market demand. Also, rising labor shortage and high operational cost of the traditional waste management system is again fueling the market growth. Use of smart waste management to reduce time, resources and operational cost has widened its application areas. Moreover, advancement in technologies for collection and disposal of waste is again boosting the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of smart waste management.
The broad smart waste management market has been sub-grouped into solution, service and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Asset Management
- Analytics & Reporting
- Fleet Tracking And Monitoring
- Mobile Workforce Management
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for smart waste management in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Smart Waste Management Market Share by Region (Representative Graph)
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.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.