About Smart Waste Management
Smart waste management involves all the automated functions and actions related to waste collection, routing, disposal, recycling and many other services. It also involves technologies in combination with a software solution to manage the waste management lifecycle. Several hardware systems are used in developing smart waste management systems including intelligent sensors, smart waste bins, embedded systems, and smart trackers integrated with waste liners are an integral part of smart waste management. On the other hand, smart waste management is one of the key aspects in the development of smart cities (along with water management, energy management, traffic management, etc.,) in order to provide improved lifestyle in the urban areas. The increasing adoption of smart city initiatives across regions supports the growth of the smart waste management market. The growing complexity in the logistics of waste collection and the need to comply with regulations pertaining to waste processing demand better waste management solutions. However, the smart waste management market is at a nascent phase and it is expected to grow significant growth over the forecasted period.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
High Growth Market | North America |
Unit | Value (USD Million) |
CAGR | 17.0% |
In the current scenario, the global technological infrastructure has been robustly developing across all the industries. Also, some of the developing have opted to develop a digital equipped system to highly automate and simplify day to day activities. Thus, increasing the need for highly automated hardware systems and respective platforms have been increased across the globe. This has ultimately prevailed instances of research and developments in the global industrial sector. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Smart Waste Management market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM Corporation (United States), SAP SE (Germany), Waste Management, Inc. (United States), Enevo (Finland), Bigbelly Solar, Inc. (United States), Smartbin (Dublin), Ecube Labs Co., Ltd. (South Korea), Urbiótica, S.L. (Spain), Waviot (Russia) and Pepperl+Fuchs GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Covanta Energy (United States), Suez Environment (Paris), Republic Services (United States), Veolia North America (United States), Enerkem (Canada), Harvest Power (United States) and Recycle Smart Solutions (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Smart Waste Management market by Type (Hardware and Service), Application (Public Occasion and Non-Public Occasion) and Region.
On the basis of geography, the market of Smart Waste Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2024. If we see Market by Industry, the sub-segment i.e. Healthcare will boost the Smart Waste Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Waste Type, the sub-segment i.e. Industrial Waste will boost the Smart Waste Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Method, the sub-segment i.e. Smart Collection will boost the Smart Waste Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Fleet Management will boost the Smart Waste Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of IoT Enabled and Artificially Intelligent Waste Management Systems and Increasing Demand for Smart Waste Management Systems from Residential Applications
Market Growth Drivers:
Increasing Awareness about Environmental and Residential Cleanliness and Upsurging Government Reimbursements in Developing Technologically Enhanced Smart Waste Management Systems
Challenges:
Stringent Government Regulations in Developing Smart Liquid Waste Management Systems and Significant Post Purchase Maintenance required in Repair and Maintenance of Smart Waste Management Systems
Restraints:
Higher Initial Investments in Developing the Smart Waste Management Systems and Continuously Changing Consumer Preferences about Highly Automated Systems
Opportunities:
Increasing Awareness about Smart waste Management from Developing Economies and Rising Prevalence of Diseases Caused Amongst the Waste Management Workers on Exposure to Hazardous Waste
Market Leaders and their expansionary development strategies
In 2022, A legally binding agreement for the acquisition of EnviroServ Holdings Proprietary Limited (“EnviroServ”) has been signed between SUEZ, Royal Bafokeng Holdings (“RBH”) and African Infrastructure Investment Manager (“AIIM”). The acquisition will solidify SUEZ's presence on the African continent and position it internationally important in the treatment of urban and industrial waste. and In February 2019, IBM announced a new portfolio of Internet of Things (IoT) solutions that team artificial intelligence (AI) and advanced analytics designed to help asset-intensive organizations, such as the Metropolitan Atlanta Rapid Transit Authority (MARTA), to improve maintenance strategies.
In 2022, SUEZ has announced that it has agreed to a three-year partnership with the FDJ Group to serve as the main co-sponsor of the first French team to participate in the UCI Women's World Tour. and In April 2019, SUEZ and LyondellBasell partnered with Samsonite to produce the first suitcase collection made from recycled plastics. This is the first suitcase composed of post-consumer plastic waste, the shells are composed of recycled polypropylene (PP) from packaging and the inside fabric of recycled PET bottles. The product is not only environmentally responsible but also light and strong for the best travel experience.
Key Target Audience
Smart Waste Management Technology Investors, Research/Consultancy firms, Government and Regulatory Bodies, Smart Waste Solution Vendors, Municipal Corporations, Waste Management Associations, Smart Waste Management Platform Providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.