“Smart Waste Management Market Report 2019-2023” helps the consumer to take business decisions and to understand strategies of major players in the industry. The report also calls for market-determined results deriving feasibility survey for consumer needs. Global Smart Waste Management Market Report ensures qualified and verifiable aspects of market data operating in the real-time scenario. The analytical studies are conducted ensuring consumer needs with a complete understanding of market capacities in the real-time scenario.
Top-Listed Players in Smart Waste Management Market Research Report 2019-2023:
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Smart Waste Management market reports provide a comprehensive overview of the worldwide market size and share. Smart Waste Management market data reports also provide a 5-year historical, forecast for the sector, and include data on social-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to the success of the organization.
Overview of Smart Waste Management Market Report:
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.
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.
Across the globe, about 1.3 billion metric ton of waste gets generated every year, and is expected to reach 2.3 billion by 2020, according to the World Bank. This increase can be attributed to the rapid urbanization and industrialization, worldwide. The increasing generation of waste, which consumes more fleet trucks and continuous monitoring, augments the demand for efficient handling, to keep the surroundings free of clutter. Effective waste management often accounts for around 20-50% of municipal budgets, and therefore poses a significant pressure on municipalities. The growing complexity in the logistics of waste collection and need to comply with regulations pertaining to waste processing demand better waste management solutions, which are made possible by the use of technologies, such as IoT sensors, RFID, GPS, etc. Although the smart waste management market is at a nascent phase, it is expected to witness healthy growth, owing to the availability of commercially viable technologies and operational benefits.
The decreasing price of IoT sensors and projected growth of machine-to-machine (M2M) connections, which enable better workflow in different stages of waste management, like processing and disposal, estimated to provide a significant growth potential, for the smart waste management market.
Key players in the market studied are innovators in the waste management industry, including Enevo, Smartbin, Bigbelly Inc., etc., and use high-end sensor-based technologies, to monitor waste at each stage of waste management.
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.
North America Estimated to Account for the Largest Share
North America comprises an increasing number of smart cities and the existing ones are currently under development. Approximately 22% of cities in the United States and Canada have already been implementing strategic programs, compared to just 7% of cities, worldwide. Of the North American regions, the United States alone contributes the majority of the annual waste produced, at approximately 230 million metric ton of trash, the major chunk of which is handled by private entities. Owing to government initiatives that promote sustainability, with the goal of achieving zero waste by 2020, and the penetration of smart city initiatives across the high urban concentration region, North America is expected to account for a lion’s share in the smart waste management market, during the forecast period.
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Reasons to Purchase this Report
Valuable Points from Smart Waste Management Market Research Report 2019-2023:
- A complete background analysis, which includes a valuation of the parental Smart Waste Management Market.
- Significant changes in Market dynamics.
- Smart Waste Management Market segmentation according to Top Regions.
- Current, Historical, and projected size of the Smart Waste Management Market from the viewpoint of both value and volume.
- Reporting and assessment of recent industry developments.
- Smart Waste Management Market shares and strategies of key Manufacturers.
- Emerging Specific segments and regional for Smart Waste Management Market.
- An objective valuation of the trajectory of the Market.
- Recommendations to Top Companies for reinforcement their foothold in the Market.
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Highlights of the following key factors:
- Business description –A detailed description of the company’s operations and business divisions.
- Corporate strategy –Analyst’s summarization of the company’s business strategy.
- SWOT Analysis –A detailed analysis of the company’s strengths, weakness, opportunities, and threats.
- Company history –Progression of key events associated with the company.
- Major products and services –A list of major products, services, and brands of the company.
- Key competitors –A list of key competitors to the company.
- Important locations and subsidiaries –A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years –The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
Top Most Regions Covered In Smart Waste Management Market Research Report 2019-2023:
Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.
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