The Smart Waste Management Market was valued at USD 1.20 billion in 2017, and is expected to reach USD 3.14 billion by 2023, registering a CAGR of 17.4%, during the forecast period of 2018-2023. The report profiles the providers of smart management solutions and platforms that support technologies.
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Market By Top Companies:
Enevo, Smartbin (Oneplus Systems Inc.), Ibm Corporation, Bigbelly Inc., Covanta Holding Corporation, Bin-E, Compology, Ecube Labs Co., Pepperl+Fuchs Gmbh, Veolia Environment Sa, Nebulae And Sensoneo
Smart waste management is an important aspect of smart city development (along with water management, energy management, traffic management, etc.), in order to improve the quality of life in urban areas. The increasing number of smart city initiatives across regions therefore supports the growth of the smart waste management market. The waste management industry involves various activities, such as collection, transportation, disposal, and recycling, which have been facing efficiency issues at different stages of waste management. Specifically, the high operational costs corresponding to collection and transport of waste are leading to an increasing adoption of smart waste management.
Industry Research Coverage
Smart Collection Expected to Contribute the Most
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 take 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 reduce carbon emissions in cities (by up to 60%, according to Senseno).
Municipalities of a few cities across the United States, United Arab Emirates, 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, this segment is expected to record robust growth, during the forecast period.
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-Jun 2017: Technology giant Cisco partnered with the Danish government, to deploy an IoT city digital platform, intended for intelligent waste monitoring. SmartBin, an innovator in the smart waste management market, deployed its sensors in a wide range of waste and recycling containers that are integrated with the city digital platform.
Major points covered in this research are:-
─Smart Waste Management Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2023), Competition by Manufacturers
─Global Market Size (Value) of Smart Waste Management (2020-2023)
─Global Smart Waste Management Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2023)
─Global Smart Waste Management Production, Revenue (Value), Price Trend by Type
─Global Smart Waste Management Market Analysis by Application
─Global Smart Waste Management Manufacturers Profiles/Analysis
─Smart Waste Management Manufacturing Cost Analysis
─Industrial Chain, Sourcing Strategy and Downstream Buyers
─Marketing Strategy Analysis, Distributors/Traders
─Market Effect Factors Analysis
─Global Smart Waste Management Market Forecast (2020-2023)
─Research Findings and Conclusion
Finally, this Smart Waste Management report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Smart Waste Management product development and gives an outline of the potential Global market.
Irfan Tamboli (Sales)
Phone: + 1704 266 3234