Smart Waste Collection Market: Introduction
The global smart waste collection market is anticipated to reach value
of US$ 4.5 Bn by 2027. The smart waste collection
market is projected to expand at a CAGR of ~7% from 2019 to 2027 in
terms of revenue. Growth of the smart waste collection market can be attributed
to the adoption of the IoT technology encouraged by governments for smart waste
collection in smart cities, which has triggered growth of the market globally.
Over the forecast period, North America is anticipated to emerge as the leading
smart waste collection market, followed by Europe and Asia Pacific.
Major Key Players of the Smart Waste Collection
Market are:
Big Belly Solar,
Inc., Veolia, Ecube Labs Co., Ltd, IBM Corporation, SAP SE, OnePlus Systems,
Inc., RecycleSmart Solutions, Covanta Holding Corporation, Enevo Oy, Enerkem
Inc. and Waste Management, Inc.
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Government Trend of Smart Waste Collection in Smart Cities
with Adoption of IoT Technology
Rising government initiatives, strict regulations, and
large- scale investments with the emergence of IoT has revolutionized and
addressed operational costs for smart waste collection systems and their
management across smart cities worldwide. In addition, increasing adoption of
IoT technology that connects a range of smart sensors and devices to monitor
and automate city waste management operations is positively impacting the smart
waste collection market across the globe.
Furthermore, sensor-based technologies are the key to
develop and implement smart solutions in waste collection and management. In
smart cities, governments are investing in advanced solutions, which include
navigation systems, tracking sensors, smart vehicles, and smart bins, so as to
improve the solid waste management process. Increasing adoption of IoT based
sensors is improving the waste collection process, which in turn is expected to
drive the smart waste collection market over the forecast period.
Smart Waste Collection: Market Segmentation
The global smart waste collection market has been segmented
in terms of component, system, utility type, and region. Based on component,
the smart waste collection market has been classified into hardware and software.
Among utility types, the public utility segment dominated the global smart
waste collection market in 2018. Based on system, the smart waste
collection market has been categorized into smart waste bin collection system,
smart fleet management & logistic solution, smart waste recycling system,
and cloud computing (IoT) interface.
Global Smart Waste Collection Market: Segmentation
Smart Waste Collection Market, by Component
- Hardware
- Software
Smart Waste Collection Market, by System
- Smart
Waste Bin Collection System
- Smart
Fleet Management & Logistic Solution
- Smart
Waste Recycling System
- Cloud
Computing (IoT) Interface
Smart Waste Collection Market, by Utility Type
- Public
- Private
Smart Waste Collection Market, by Region
- North
America
- Europe
- Asia
Pacific
- Middle
East & Africa
- South
America
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In the end,
Smart Waste Collection industry report specifics the major regions, market
scenarios with the product price, volume, supply, revenue, production, and
market growth rate, demand, forecast and so on. This report also presents SWOT
analysis, investment feasibility analysis, and investment return analysis.
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