Global Smart Waste Management Market Report Size, Trends & Growth Opportunity, By Waste Type (Solid, Special, and E-waste), By Method (Smart Collection, Smart Processing, and Smart Disposal), and By Source (Residential, Commercial, and Industrial) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) And Forecast Till 2030.
Global Smart Waste Management Market
The Global Smart Waste Management Market was estimated to be worth USD 563 million in 2022 and is anticipated to increase to USD 1668 million by 2030, growing at a CAGR of 11.46% from 2023 to 2030.
The use of the internet of Things (IoT) enabled smart waste sensors to optimize waste collection, reduce the number of overflowing bins, and manage resources in cities is referred to as smart waste management. To leverage existing networks, it relies on cellular network technologies that provide power efficiency. It is an essential component of the smart city ecosystem, reducing unnecessary costs caused by operational inefficiencies in trash collection processes. It assists in real-time detection of location, temperature, and fill level to plan optimal collection routes that save fuel and manpower.
Market Drivers
The increased demand for smart waste management as a result of the development of smart cities to provide a better lifestyle in urban areas is one of the major factors driving the smart waste management market. Furthermore, the market benefits from the widespread adoption of smart city initiatives across regions.
Market expansion is fueled by the requirement to comply with rules governing trash processing as well as the growing complexity of waste collecting logistics. Because of the availability of commercially viable technologies, the market is driven by the use of technologies such as RFID, GPS, and loT sensors, among others.
The rise in government initiatives promoting the importance of waste segregation and waste management has also influenced the market. The increased interest of waste management companies in improving the renewable benefits of waste aids in market expansion. Moreover, the market for smart waste management benefits from rising urbanization, changing lifestyles, higher investment levels, and higher consumer spending.
Market Restraints
The need for significant capital investment to dispose of bio-medical waste, as well as the lack of a necessary framework for waste collection and segregation, are expected to suppress market growth. High costs associated with plastic recycling, as well as concerns about illegal e-waste exports in developing countries, will pose a challenge to the smart waste management market during the forecasted period.
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Market Segmentation
The Global Smart Waste Management Market is segmented into Waste Type (Solid, Special, and E-waste), Method (Smart Collection, Smart Processing, and Smart Disposal), and Source (Residential, Commercial, and Industrial) and Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa).
Regional Analysis
It is projected that market sales would increase as smart waste management solutions are adopted more frequently by smart cities in the U.S. to address concerns with waste collection and disposal. In addition, severe regulations limiting the reduction of carbon emissions in North America are anticipated to stimulate market growth in the next years. Demand in the region will continue to rise as a result of the government's increased efforts to promote sustainability and attain net-zero waste.
Key Players
The Key Players in the Global Smart Waste Management Market are Big Belly Solar, LLC., Ecube Labs Co., Ltd., Urbiotica, Waviot, OnePlus Systems Inc., Covanta Holding Corporation, Recycle Smart Solutions, Veolia, IBM, and SAP SE.
Market Taxonomy
Waste Type
• Solid
• Special
• E-waste
Method
• Smart Collection
• Smart Processing
• Smart Disposal
Source
• Residential
• Commercial
• Industrial
Regional Outlook
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and South Africa
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Global Smart Waste Management Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validations
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Smart Waste Management Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Smart Waste Management Market, By Waste Type
5.1 Y-o-Y Growth Comparison, By Waste Type
5.2 Smart Waste Management Market Share Analysis, By Waste Type
5.3 Smart Waste Management Market Size and Forecast, By Waste Type
5.3.1 Cadmium Telluride
5.3.2 Amorphous Thin-film Silicon
5.3.3 Copper Indium Gallium Selenide
5.3.4 Microcrystalline Tandem Cells
5.3.5 Thin-film Polycrystalline Silicon
5.3.6 Others
6 Smart Waste Management Market, By Method
6.1 Y-o-Y Growth Comparison, By Method
6.2 Smart Waste Management Market Share Analysis, By Method
6.3 Smart Waste Management Market Size and Forecast, By Method
6.3.1 On-Grid
6.3.2 Off-Grid
7 Smart Waste Management Market, By Source
7.1 Y-o-Y Growth Comparison, By Source
7.2 Smart Waste Management Market Share Analysis, By Source
7.3 Smart Waste Management Market Size and Forecast, By Source
7.3.1 Residential
7.3.2 Commercial
7.3.3 Utility
8 Smart Waste Management Market, By Region
8.1 Smart Waste Management Market Share Analysis, By Region
8.2 Smart Waste Management Market Share Analysis, By Region
8.3 Smart Waste Management Market Size and Forecast, By Region
9 North America Smart Waste Management Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Smart Waste Management Market Share Analysis, By Waste Type
9.3 North America Smart Waste Management Market Size and Forecast, By Method
9.4 North America Smart Waste Management Market Size and Forecast, By Source
9.5 North America Smart Waste Management Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Smart Waste Management Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Smart Waste Management Market Share Analysis, By Waste Type
10.3 Europe Smart Waste Management Market Size and Forecast, By Method
10.4 Europe Smart Waste Management Market Size and Forecast, By Source
10.5 Europe Smart Waste Management Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11 Asia Pacific Smart Waste Management Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Smart Waste Management Market Share Analysis, By Waste Type
11.3 Asia Pacific Smart Waste Management Market Size and Forecast, By Method
11.4 Asia Pacific Smart Waste Management Market Size and Forecast, By Source
11.5 Asia Pacific Smart Waste Management Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Smart Waste Management Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Smart Waste Management Market Share Analysis, By Waste Type
12.3 Latin America Smart Waste Management Market Size and Forecast, By Method
12.4 Latin America Smart Waste Management Market Size and Forecast, By Source
12.4 Latin America Smart Waste Management Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Smart Waste Management Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Smart Waste Management Market Share Analysis, By Waste Type
13.3 Middle East Smart Waste Management Market Size and Forecast, By Method
13.4 Middle East Smart Waste Management Market Size and Forecast, By Source
13.5 Middle East Smart Waste Management Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Big Belly Solar, LLC
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Ecube Labs Co., Ltd
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Urbiotica
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Waviot
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 OnePlus Systems Inc.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Covanta Holding Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Recycle Smart Solutions
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Veolia
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 IBM
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 SAP SE
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
