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Smart waste management helps to reduce the overall transport and collection cost of waste management by almost 50%. Smart waste management denotes the management of waste generated from residential buildings, houses, streets, commercial buildings, public places, hospitals and other institutions.
Smart waste management uses smart technologies such as a Radio Frequency Identification (RFID) disposal tags, vacuum containers, sensor containers, which provide real time fill measurement of solid municipal waste. Smart waste management ultimately reduces fuel and service cost. Proper and efficient management of solid waste through smart waste management can solve many problems related to environmental pollution, climatic changes and public health.
Global Smart Waste Management Market: Drivers & Restraints
More than 90% of waste volume is expected to be generated from Asia Pacific and Africa, primarily in emerging economies such as India and China. The growing volume of e-waste is a major concern at the global level which drives the global smart waste management market during the forecast period. Rapid advancement in technology and increasing purchasing power of consumers have played a major role in generation of electronic waste.
Consumers tend to replace the older or obsolete products with the latest version available in the market leading to dramatic rise in e-waste worldwide. Effective and advanced smart waste management technologies like gasification and RFID are gaining momentum in developed economies of North America and Western Europe.
The development of advanced infrastructure to support the smart waste management market is very expensive which acts as a major challenge in most of the developing countries all over the globe. Increasing urbanization rates followed by rising incomes are some other factors which fuel the global smart waste management market during the forecast period.
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Global Smart Waste Management Market: Region-wise Outlook
In terms of geography, the global smart waste management market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. The global smart waste management market is expected to register a double digit CAGR during the forecast period. North America followed by Western Europe and Asia Pacific are expected to dominate the smart waste management by the end of 2025. Asia Pacific, especially its emerging economies of India and China is expected to register a high CAGR among all other regions by the end of 2025.
Global Smart Waste Management Market: Key Players
Key players in the global smart waste management market include Covanta Energy, Republic Services, Veolia North America, BRE SMART Waste, Harvest Power and Recycle Smart Solutions.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, services and applications.
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The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
On the basis of services/ technology, the global smart waste management market is segmented into
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
- Waste to Energy (WTE)
- Incineration
- Incineration Variants
- Advanced Thermal Recycling
- Biological Treatment
- Direct Use
- Electricity Generation
- Vehicular Use
- Advanced Thermal Treatment
- Gasification
- Pyrolysis
- Plasma Arc Gasification
- Waste to Fuel (W2F)
Smart Disposal
- Sanitary Landfills
- Bioreactor landfills
- Landfill and Solar Integration
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint