Smart Waste Management Market: Trends, Share, Industry Size, Growth, Demand, Opportunities and Forecast

An important Smart Waste Management Market research report is produced by taking into account every requirement that organizations need to meet in order to expand successfully. This market report forecasts the market size based on data on major retailer sales, industry growth by upstream and downstream factors, industry advancement, major players, market segments, and application. When creating the reliable Smart Waste Management Market study, the goals of the marketing research are taken into consideration. A market segmentation analysis is conducted taking into account the currencies, pricing, years taken into consideration, geographic scope, and markets covered.

The steadfast Smart Waste Management Market report includes primary, secondary, and advanced data regarding the state, trends, size, share, growth, and segments of the global market for the 2023–2030 forecast period. The research thoroughly examines competitor actions such as product launches, joint ventures, mergers, and acquisitions, and their corresponding impact on sales, revenue, import, export, and CAGR figures. The CAGR figure of the Smart Waste Management Market document varies over the course of the market’s projected term. The assessment of the new investment projects’ odds is covered in the final section, along with general study findings.

Explore Further Details about This Research Smart Waste Management Market Report https://www.databridgemarketresearch.com/reports/global-smart-waste-management-market

According to a report, urban populations produce is known to produce approximately 4.6 Kilograms of solid waste per capital. Thus, government of various regions are highly investing in the urban waste collection. IoT based waste bins among others are widely being deployed as they are more feasible to collect waste effectively.

Global Smart Waste Management Market was valued at USD 423.60 million in 2021 and is expected to reach USD 1528.62 million by 2029, registering a CAGR of 17.40% during the forecast period of 2022-2029. Residential accounts for the largest application segment in the respective market owing to the high demand for waste management services from residential sector. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Smart waste management is the process of imposing the technique used to monitor the collection, disposal and transportation of waste material services for effective waste management operations. This involves the internet of things (IoT), which contains a broad variety of cameras, mobile computers and others.

Drivers

Emergence of Smart Cities

The increase in demand for the smart waste management due to the development of smart cities to provide improved lifestyle in the urban areas acts as one of the major factors driving the smart waste management market. Also, the adoption of smart city initiatives across regions has a positive impact on the market.

Regulations Associated with the Waste Processing

The increase in the complexity in the logistics of waste collection along with the need to comply with regulations pertaining to waste processing accelerate the market growth. The use of technologies, such as RFID, GPS, and IoT sensors, among others owing to the availability of commercially viable technologies drives the market.

Government Initiatives

The rise in the government initiatives through awareness programs showcasing importance of waste segregation and waste management further influence the market. The increase in interest of companies in waste management towards improving the renewable benefits of waste assists in the expansion of the market.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the smart waste management market.

Recent Developments

SUEZ signed an agreement with Eramet in May’2021 in order to expand joint efforts in the recycling end-of-life electric vehicle batteries sector. The partnership aims at providing competitive, sustainable and high-performance battery recycling solution for the European market.
Veolia joined hands with Groupe Renault in March’2021 with the purpose of enabling circular economy of EV battery metals in Europe through closed-loop recycling.

Global Broadcast and Media Technology Market Scope and Market Size

The smart waste management market is segmented on the basis of component, type of waste, method, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

Hardware
- Solution
- Optimization Solutions
- Fleet Tracking and Monitoring
- Remote Device Monitoring
- Mobile Workforce Management
- Analytics and Reporting Solutions
- Advanced Analytics
- Data Management
- Dashboards and Platforms
- Asset Management
- Network Management
- Others
Services
- Professional Services
- Managed Services
- Support and Maintenance Services
- Integration and Deployment Services
- Consulting Services

Type of Waste

Solid
Special
E-Waste

Method

Smart Collection
- RFID Technology (Radio Frequency Identification)
- GPS Routing Systems
- Vacuum Systems
- Fuel Switching

Smart Processing
- Advanced MRFs
- Mechanical Biological Treatment
- RDF Facilities

Smart Energy Recovery
- Advanced Thermal Recycling
  - Waste To Fuel (W2F)
  - Plasma Arc Gasification
  - Pyrolysis
  - Gasification
  - Advanced Thermal Treatment
  - Vehicular Use
  - Electricity Generation
  - Direct Use
  - Biological Treatment
- Incineration Variants
- Incineration
- Waste to Energy (WTE)
Smart Disposal
- Sanitary Landfills
- Bioreactor Landfills
- Landfill and Solar Integration

Application

Healthcare
Industrial and Manufacturing
Construction
Food and Retail
Residential
Others

Some of the major players operating in smart waste management market are

IBM (US)
SAP SE (Germany)
SENSONEO (Slovakia)
Enevo (Hong Kong)
Big Belly Solar, LLC. (US)
Ecube Labs Co., Ltd. (South Korea)
Urbiotica (Spain)
WAVIoT (US)
Pepperl+Fuchs (India) Pvt. Ltd. (India)
OnePlus Systems Inc (China)
Covanta Holding Corporation (US)
RecycleSmart Solutions. (Canada)
Veolia (France)
Republic Services, Inc. (US)
Enerkem (Canada)
Building Research Establishment Ltd (UK)
SUEZ (France)

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Smart Waste Management Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations