(EnergyIndustry.Net, January 15, 2020 ) Meticulous Research® – a leading global market research company published a research report titled “𝐒𝐦𝐚𝐫𝐭 𝐖𝐚𝐬𝐭𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 by Type (Smart Collection, Processing, Disposal), Component (Fleet Management, Remote Monitoring, Asset Management), Application (Residential, Industrial, Commercial, Construction, Energy), & Region - Global Forecast to 2025”.
According to this latest publication from Meticulous Research®, the 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐦𝐚𝐫𝐭 𝐖𝐚𝐬𝐭𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟏𝟔.𝟔% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟏𝟗 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 $𝟑.𝟗𝟕 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟐𝟓. The growth in the Smart Waste Management market is mainly attributed to the technological advancements in the waste management techniques and growing concern over the environmental impacts of waste management strategies. Rising adoption of smart city initiatives across the globe, and increasing government environmental regulations has augmented the adoption of smart waste management technology, which in turn is supporting the overall growth of smart waste management market. However, the high cost of network infrastructure required for effective deployment of smart waste management is the biggest challenge for the growth of this market over the coming years.
Global Smart Waste Management market study presents historical market data (2017 & 2018), estimated current data (2019), and forecasts for 2025 - by type (smart collection, and smart disposal,), component (solution, and services), application (residential & municipality, industrial, commercial, construction & demolition, energy, and water supply & sewage treatment). The study also evaluates industry competitors and analyzes the market at country level.
𝐎𝐧 𝐭𝐡𝐞 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟 𝐭𝐲𝐩𝐞, the smart disposal solutions segment accounted for the largest share of the global smart waste management market in 2018. The large share of this segment is attributed to the growing adoption of smart disposal methods for sanitary waste, bioreactor landfilling, and solar integration that allows efficient waste management and healthy environment. On the other hands, the smart energy recovery solutions segment is expected to grow at fastest CAGR over the coming years.
𝐎𝐧 𝐭𝐡𝐞 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟 𝐜𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭, the smart waste management solution segment accounted for the largest share of the smart waste management technologies market in 2018. This large share is mainly attributed to the increasing usage of connected network devices and growing demand of low-cost monitoring and management devices in waste management practices in order to enhance performance and reduce overall operational cost. Increasing focus on developing smart waste management technology to enhance customer experience is expected to contribute to the growth of this market over the forecast period.
𝐎𝐧 𝐭𝐡𝐞 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, residential and municipality sector is a registering a perpetual growth owing to exponentially increasing volume of waste from households, parks, hospitals, and government organizations, among others. Whereas, the industrial sector is anticipated to grow at a fastest CAGR during 2019 to 2025, owing to rising demand of low-cost, time-saving methods for the efficient and safe management of hazardous waste in the industrial sector.
𝐎𝐧 𝐭𝐡𝐞 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟 𝐠𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐲, the global smart waste management market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest share of the global smart waste management market in 2018, and it is expected to continue to dominate the global market by 2025. The growth in this market is attributed to wide acceptance of advanced technologies and existence of key smart waste management players in the region. However, Asia Pacific region showcases strong growth opportunities for smart waste management technologies, registering fastest CAGR during the forecast period. Growing population with economic growth, increasing urbanization, and increasing government initiatives including smart city initiatives is expected to contribute to the growth of the smart waste management technologies market in the Asia-Pacific region during 2019 to 2025.
The 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 operating in the global Smart Waste Management market are Suez Environmental Services (France), Veolia Environmental Services (France), Enevo (Finland), Smartbin (OnePlus Systems Inc.) (U.S.), IBM Corporation (U.S.), Waste Management, Inc. (U.S.), Bigbelly Inc. (U.S.), Covanta Holding Corporation (U.S.), Pepperl+Fuchs GmbH (Germany), BIN-e (Poland), Evoeco (U.S.), Ecube Labs Co Ltd. (South Korea), Republic Services (U.S.), Sensoneo (Slovakia), and Evreka (Turkey) among others.
𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭-
1. Which are the high growth market segments in terms of type, component, application, and countries?
2. What was the historical market for Smart Waste Management solutions across the globe?
3. What are the market forecasts and estimates for the period 2019-2025?
4. What are the major drivers, restraints, opportunities, and trends in the global Smart Waste Management market?
5. Who are the major players in the global Smart Waste Management market?
6. How is the competitive landscape in the global Smart Waste Management market?
7. What are the different strategies adopted by the major players in the global Smart Waste Management market?
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