In fact, the cumulative sales of electric vehicles have almost reached 50% of the total sales in Shanghai. Along with these initiatives to reduce air pollution and consumption of fossil fuels, there is an increasing requirement for reducing and better managing the total waste production in a smart city. Landfilling and waste incineration have been the main methods of waste disposal in cities until recently. Smart waste management products, such as IoT-based smart bins, help in sorting waste into biodegradable and non-biodegradable waste in an enhanced manner through smart waste segregation process.
Smart Waste Management Market Opportunities:
Increasing acceptance of technology advances such as the Internet of Things (IoT) for trash collection, as well as an increase in the number of people using them in developing nations, are expected to provide profitable opportunities for market participants over the forecast timeframe.
Smart Waste Management Market Segmentation:
Based on the type of waste, the smart waste management market has been segmented into solid waste, special waste, e-waste, and others.
Based on the method, the smart waste management market has been segmented into smart collection, smart processing, smart energy recovery and smart disposal. The smart collection segment is sub-segmented into RFIS, fuel switching, GPS routing systems, and vacuum systems. The smart processing segment is further sub-segmented into mechanical biological treatment, RFD, and advanced MRFs.
Based on the application, the smart waste management market has been segmented into manufacturing, food & retail, healthcare, construction, industrial and others.
Smart Waste Management Market Regional Analysis:
The regional study of the global smart waste management market spans across Asia Pacific, North America, Europe, and Rest of the World. North America is the largest market for smart waste management trailed by Europe. The technological advancements in the region are likely to dictate the future trajectory of the smart waste management market in the region.
Asia Pacific is expected to witness positive growth through the forecast period. The consolidation of developing economies in the region is prognosticated to favor the expansion of the smart waste management market over the next few years.
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Smart Waste Management Market Key Players :
- IBM Corporation (US)
- SAP SE (Germany)
- Enevo (Finland)
- Bigbelly, Inc. (US)
- Waste Management, Inc. (US)
- Ecube Labs Co., Ltd.(South Korea)
- Covanta (US)
- Pepperl+Fuchs Group (Germany)
- OnePlus Systems Inc(US)
- Urbiotica (Spain)
Report Overview:
The following report comprises of –
- Market overview
- Covid 19 Analysis
- Market Dynamic
- Drivers
- Opportunities
- Restraints
- Challenges
- Cumulative Growth Analysis
- Value Chain Analysis
- Segmentation Overview
- By Application
- By End-Users
- Regional Analysis
- Competitive landscape
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