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Global Smart Waste Management Market 2021 Size, Share, Growth, Trends and Forecast, Business Opportunities and Future Investments

Smart Waste Management

The report focuses on the favorable Global “Smart Waste Management market” and its expanding nature. The Smart Waste Management market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The smart waste management market was valued at USD 1.41 billion in 2018 and is expected to reach USD 5.19 billion by 2024, registering a CAGR of 25.68%, during the forecast period of 2019-2024. According to the World Bank, across the globe, about 1.3 billion metric ton of waste is generated every year and is expected to reach 2.3 billion, by 2020. This increase can be attributed to the rapid urbanization and industrialization, across regions.
  • – Smart waste management is a key aspect 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 waste management industry involves various activities, such as collection, transportation, disposal, and recycling. The industry has been facing efficiency issues at different stages of waste management, specifically, the operational costs corresponding to collection and transport of the waste, thereby leading to the increasing adoption of smart waste management.
  • – The growing complexity in the logistics of waste collection and need to comply with regulations pertaining to waste processing demand better waste management solutions, which are made possible by the use of technologies, such as IoT sensors, RFID, GPS, etc. Although the smart waste management market is at a nascent phase, it is expected to witness healthy growth, owing to the availability of commercially viable technologies and operational benefits.

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    Key Manufacturers

  • Suez Environmental Services
  • Veolia Environmental Services
  • Enevo
  • Smartbin (OnePlus Systems Inc.)
  • Bigbelly Inc.
  • Covanta Holding Corporation
  • Evoeco
  • Pepperl+Fuchs GmbH
  • IBM Corporation
  • BIN
  • e

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Smart Waste Management market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Smart Waste Management market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Smart Waste Management market have also been involved in the study.

    Scope of the Report:

  • The smart waste management market covers the trends that are promoting the growth of technologies, such as sensors, RFID, GPS, cloud-based software solutions for effectively managing the waste (from collection to disposal) generated across residential and commercial sectors. The commercial sector includes waste generated from the food and beverages industry, pharmaceutical industries, healthcare industries, paper industries, electronics manufacturers, among others.

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    TOC of Smart Waste Management Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Smart Waste Management market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Smart Waste Management Market Report Covered:

    • The report analyses how Smart Waste Management market will grow in the future.
    • Analyzing various perspectives of the Smart Waste Management market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Smart Waste Management market shares and policies employed by the major market players.
    • Competitive landscape including the Smart Waste Management market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Smart Waste Management market players

    Key Market Trends:

    Smart Waste Collection Through IoT to Contribute to the Market Growth

    – In the smart collection segment, the emergence of IoT has revolutionized and addressed operational costs, for the waste handling companies. The companies that offer smart solutions for waste collection primarily focus on three solutions – intelligent monitoring, route optimization, and analytics.
    – By deploying sensors, network infrastructure, and data visualization platforms, waste management companies have been able to generate actionable insights, to make informed decisions.
    – By using fill level sensors (sometimes also cameras) near the trash bins, companies have been able to plan the fleet trucks in accordance with the volume of trash in bins, thus reducing the unnecessary fleet fuel consumption and contributing to reducing carbon emissions in cities.
    – Municipalities of a few cities across the United States, , United Kingdom, etc., in collaboration with smart waste management innovators (such as Enevo, Smartbin, Bigbelly, etc.) are saving around 30% of waste collection costs.
    – Due to the presence of commercially available technology providers, coupled with smart city initiatives & decreasing cost of IoT sensor is pushing this market towards robust growth.

    North America to Account for the Largest Market Share

    – North America comprises an increasing number of smart cities, and the existing ones are currently under development.
    – Approximately 22% of cities in the and Canada have already been implementing strategic programs, compared to just 7% of cities, worldwide.
    – The alone contributes the majority of the annual waste produced, at approximately 230 million metric ton of trash, the significant chunk of which is handled by private entities.
    – Owing to government initiatives that promote sustainability, to achieve zero waste by 2020, and the penetration of smart city initiatives across the high urban concentration region, North America is expected to account for the lion’s share in the smart waste management market.

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    Study objectives of Smart Waste Management Market Report:

    • To provide a detailed analysis of the market structure along with the Smart Waste Management market forecast of various segments and sub-segments of the Smart Waste Management market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Smart Waste Management market trends that influence the global Smart Waste Management market

    Detailed TOC of Smart Waste Management Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Industry Value Chain Analysis
    4.3 Industry Attractiveness – Porter’s Five Force Analysis
    4.3.1 Bargaining Power of Suppliers
    4.3.2 Bargaining Power of Buyers/Consumers
    4.3.3 Threat of New Entrants
    4.3.4 Threat of Substitute Products
    4.3.5 Intensity of Competitive Rivalry
    4.4 Industry Policies
    4.5 Introduction to Market Drivers and Restraints
    4.6 Market Drivers
    4.6.1 Increasing Volumes Of Waste
    4.6.2 Rising Adoption of Smart Cities
    4.7 Market Restraints
    4.7.1 High Costs of Implementation
    4.8 Technology Snapshot
    4.8.1 Technology Overview
    4.8.2 Smart Waste Management Stages
    4.8.2.1 Smart Collection
    4.8.2.2 Smart Processing
    4.8.2.3 Smart Energy Recovery
    4.8.2.4 Smart Disposal

    5 MARKET SEGMENTATION
    5.1 By Solution
    5.1.1 Fleet Management
    5.1.2 Remote Monitoring
    5.1.3 Analytics
    5.2 By Waste Type
    5.2.1 Industrial Waste
    5.2.2 Residential Waste
    5.3 Geography
    5.3.1 North America
    5.3.2 Europe
    5.3.3 Asia-Pacific
    5.3.4 Latin America
    5.3.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Suez Environmental Services
    6.1.2 Veolia Environmental Services
    6.1.3 Enevo
    6.1.4 Smartbin (OnePlus Systems Inc.)
    6.1.5 Bigbelly Inc.
    6.1.6 Covanta Holding Corporation
    6.1.7 Evoeco
    6.1.8 Pepperl+Fuchs GmbH
    6.1.9 IBM Corporation
    6.1.10 BIN-e

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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