Smart Waste Collection Market Scope
Waste collection is an essential city service yet existing waste management systems are resource-intensive, inefficient, and outdated. Smart waste management solutions use sensors placed in waste receptacles to measure fill levels and to notify city collection services when bins are ready to be emptied. Over time, historical data collected by sensors can be used to identify fill patterns, optimize driver routes and schedules, and reduce operational costs
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Enevo (United States), Veolia Enviromental Services (France), Suez Enviromental Services (France), Pepperl+Funchs GmbH (Germany), Bigbelly Inc. (United States), Ecube Labs (South Korea), Bin-e (Poland), Covanta holding corporation (United States), Republic Services, Inc. (United States) and Waste Management, In (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Enevo (United States), Veolia Enviromental Services (France), Suez Enviromental Services (France), Pepperl+Funchs GmbH (Germany), Bigbelly Inc. (United States), Ecube Labs (South Korea), Bin-e (Poland), Covanta holding corporation (United States), Republic Services, Inc. (United States) and Waste Management, In (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Sensoneo (Slovakia) and IBM Corporation (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Smart Waste Collection market by Type , by Application (Residential and Commercial) and Region with country level break-up.
On the basis of geography, the market of Smart Waste Collection 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).
region held largest market share in the year 2021.
On 14 July 2021 Smart waste management solutions enable consumers to save money while also making trash pickup more technologically advanced. The OnePlus Corporation, for example, has come up with the OnePlus Metro to its product range. This product is an ultrasonic trash can sensor that is capable of informing the customers when a trash bin is full. Businesses in the smart trash collection industry are putting more and more efforts into constructing systems that allow customers to quickly check garbage container's capacity. These innovations are projected to support growth of smart waste collection market in the years to come
Influencing Trend:
Smart Waste Collection Through IoT, Intelligent monitoring and Route optimization and analytics
Market Growth Drivers:
Raise Public Awareness Of Utilizing Renewable Energy, Improve Street Sanitation and Encourage Recycling
Challenges:
Initial Cost Is High Due To Expensive Smart Dustbins, Maintenance Of Wireless Technologies and The Training To Handle The System
Restraints:
High-Cost Expenses and Sensor nodes used in the dustbins have limited memory size
Opportunities:
Collect And Analyze Area-Specific Data On Waste Volumes For Better Planning and Increase Wifi Coverage With Their Function As A Free Public Wifi Hotspot
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others