Owing to the systematic application of technology for waste management, a number of innovative solutions have risen. The rapidly growing population and excess urbanization is resulting in depletion of livable and arable land. Thereby, it becomes highly important, that the land is not squandered for landfilling purposes. Also, there is an increased concern related to various environmental hazards of landfilling and wrong waste disposal that has led to the start of a movement for innovating smarter ways of waste disposal.
The global smart waste management market is flourishing owing to the evolving technologies that are rendering best results. The driving factor behind the fast development of global market includes major economic benefits of smart waste management. Due to these reasons, municipalities, industrial bodies, and several other companies involved in waste management are opting for smart waste management methods. The smart waste management market includes processes such as waste collection, processing and recycling and recovering useful entities, and its systematized disposal.
The rapid technological adoption such as routing, global positioning systems-enabled (GPS), fuel switching, radio frequency identification (RFID), and pneumatic tubes are observed in rapid and smart ways of waste disposal. In the present situation, the biological and mechanical treatments are being employed in smart waste management in coexistence with refuse-derived advanced recovery facilities and fuel production facilities. The research results indicate that organizations will target the extraction of energy from different types of waste materials in the future as a plan for adequate development of this market.
Geographically, the global smart waste management market has been divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA). The U.S. and the developed nations in Europe are together leading the global market owing to the government regulations in favor of smart waste management solutions. Also, rising investments in development of new ways to manage waste and R&D on innovating waste management technologies is playing a significant role in progress of these regional markets. The regional markets are also rapidly developing due to increasing support for high landfill tipping fines, seeking alternatives to landfills, and high capital investment in finding an adequate solution towards waste disposal. Owing to the rapidly growing population and excess urbanization, there is decrease in the arable land.
Across the globe, the researchers have pondered over global smart waste management market with a minute view. The report comprises of SWOT analysis to showcase the strengths, opportunities, weaknesses, and threats that have an effect on various segments of the global market. Moreover, the past developments in the global market have also been viewed by analysts and compared with the present market situation in order to find out a clear trajectory of global smart waste management market for the future years.
Based on research, Asia-Pacific is estimated to witness high growth in the smart waste management market in future years as segments such as waste-to-fuel and waste-to-energy are on the end of revolutionary progress. The rising awareness about the environmental hazards of poor waste management and reduction in land as a resource has led to a huge demand for smart waste management technologies in Asia-Pacific region. The key players existing in the global smart waste management market include Veolia North America, RecycleSmart Solutions, Republic Services, Harvest Power, Covanta Energy, Bigbelly, Suez Environment, and Enerkem.
Market by Service
· Smart collection
· Smart processing
· Smart recovery
· Smart disposal
Market by Application
· Food & Retail
· Manufacturing & Industrial
· Colleges & Universities
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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