According to Acumen Research & Consulting, the global Automated Waste Collection System Market size was worth USD 278.6 Million in 2021 and is projected to be worth around USD 661.4 Million by 2030, growing at a CAGR of 10.3% in the coming years
Automated Waste Collection System Market Overview
The market for automated waste collection systems (AWCS) refers to the production, development, and sale of waste collection systems that collect and transport waste using technology such as robots or automated vehicles. These systems, which can be controlled by a central computer system, can include sensors, cameras, and other types of technology for detecting and collecting waste.
The global AWCS market is expected to expand at a rapid pace during the forecast period, owing to the growing adoption of advanced waste management systems and the requirement for efficient waste management solutions. The market will also benefit from the growing adoption of smart city projects, which necessitate advanced waste management systems.
Automated Waste Collection System Market Statistics
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Automated Waste Collection System Market Dynamics
Technology advancements such as IoT, AI, and automation are making systems more efficient and cost-effective, which is propelling the AWCS market growth. In addition to that, the growing number of smart city projects around the world is expected to drive market growth, as smart cities necessitate advanced waste management systems. Furthermore, economic development in developing countries is propelling market growth by increasing the demand for efficient waste management systems in these countries.
On the other hand, AWCS's widespread adoption may be hampered by a lack of industry infrastructure and standardization. The market may be constrained by a lack of cybersecurity awareness and security measures. Because AWCS is linked to the internet, they are vulnerable to cyber-attacks. However, public perception of the use of robots in waste management is a crucial consideration, and if it is negative, it may impede the market growth.
Automated Waste Collection System Market Segmentation
The global automated waste collection system market is categorized into product, operation, application, end-use industry and geography.
Automated Waste Collection System (AWCS) Market Share
According to market forecasts, the full vacuum systems product type will hold a significant market share between 2022 and 2030. However, gravity systems will grow with a noteworthy CAGR from 2022 to 2030.
In 2021, the stationary operation will have the largest market share. Mobile operation, on the other hand, is expected to grow at the fastest rate between 2022 and 2030.
The commercial application gathered the utmost market shares in 2021, whereas the residential and industrial applications will grow at a substantial rate in the coming future.
Furthermore, based on the end-user industry the hospitals sub-segment generates the maximum AWCS market share, while the airport industry is expected to attain high growth in the coming years.
Automated Waste Collection System Market Regional Outlook
Geographically, Europe leads the market in terms of revenue share in 2021. This high market share can be credited to the region's adoption of smart garbage management solutions. Government initiatives and investments across Europe are also expected to drive market growth in the region. APAC is expected to grow at a rapid pace during the study period. The region's rising demand for such tubes can be attributed to increased urbanization as well as authorities' growing emphasis on the proper garbage disposal to protect the environment and human health. Furthermore, the market in LATAM and MEA is expected to expand at a moderate rate, owing to the region's increasing adoption of advanced waste management systems.
Automated Waste Collection System Market Players
Some prominent automated waste collection system (AWCS) companies covered in the industry are Dansk Skraldesug ApS, AMCS group, Envac, Caverion Corporation, Cleantech Group, MariMatic Oy, GreenWave Solutions, Ros Roca, Logiwaste AB, and STREAM Environment Sdn. Bhd.
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Mr. Frank Wilson
Acumen Research and Consulting