The whole cost of trash management, including transportation and collection, is reduced by over 50% thanks to smart waste management. The management of garbage produced by homes, businesses, streets, public spaces, hospitals, and other organisations is referred to as smart waste management.
The growth of solid waste poses a serious risk to the community and the environment, but it may also be a valuable source of renewable energy for strategic purposes. Municipal garbage continues to be a predictable by-product of civilisation and a key area for technological development. The overall amount of waste created is predicted to increase from 1.5 billion tonnes in 2014 to 2.3 billion tonnes by the end of 2025, signalling an active period of change for the waste management business.
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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.
Global Smart Waste Management Market: Region-wise Outlook
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.
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.
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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
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