Smart Waste Management Market Scope
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.
The market study is being classified by Type (Hardware and Service), by Application (Public Occasion and Non-Public Occasion) and major geographies with country level break-up.
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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Smart Waste Management market throughout the predicted period.
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 profiled in the study. Additionally, the Players which are also part of the research 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).
AdvanceMarketAnalytics has segmented the market of Global Smart Waste Management market by Type, Application 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). 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.
Market Leaders and their expansionary development strategies
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 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.
- Growing Adoption of IoT Enabled and Artificially Intelligent Waste Management Systems
- Increasing Demand for Smart Waste Management Systems from Residential Applications
- Increasing Awareness about Environmental and Residential Cleanliness
- Upsurging Government Reimbursements in Developing Technologically Enhanced Smart Waste Management Systems
- Increasing Awareness about Smart waste Management from Developing Economies
- Rising Prevalence of Diseases Caused Amongst the Waste Management Workers on Exposure to Hazardous Waste
- Higher Initial Investments in Developing the Smart Waste Management Systems
- Continuously Changing Consumer Preferences about Highly Automated Systems
- Stringent Government Regulations in Developing Smart Liquid Waste Management Systems
- Significant Post Purchase Maintenance required in Repair and Maintenance of Smart Waste Management Systems
Key Target AudienceSmart 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
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