The Smart Waste Management Market is expected to grow at a CAGR of 16.9% from 2019 to reach $4.66 billion by 2026, where Asia-Pacific smart waste management market is expected to grow at the fastest CAGR during the forecast period. Smart waste management is a cost-effective solution for efficiently managing waste lifecycles in order to improve public health and environment. In the long term, smart waste management policies are also aimed to transform the way society consumes different products and adds to the burden of waste. This is expected to have positive impact on various aspects of society and the economy.
Smart waste management is a combination of advanced technologies and innovative strategies which help in efficient sorting, recycling, and disposal of huge amount of waste in a smooth and well-organized manner. The growth of the smart waste management is primarily driven by factors, such as growing urbanization of societies across the globe, growing concern over the environmental impact of human society, consistently increasing waste volume, and the increasing trend towards adoption of smart technologies in different aspects of life. A consistent increase in the number of smart city initiatives across the globe is also encouraging the demand for various smart waste management technologies, thereby supporting the market growth.
Furthermore, increasing environmental regulations by governments and growing technological transformation of waste management policies are also contributing to the growth of smart waste management market. However, high cost of waste management infrastructure, and poor connectivity infrastructure in many of the developing and underdeveloped economies poses several challenges for the market growth.
Rising Demand for Cost-Effective Smart Collection Methods Enhancing the Growth of the Global Smart Waste Management Market
Today, there is an increasing demand for cost-effective smart waste collection methods using various modern technologies, such as radio frequency identification (RFID), Internet of Things (IoT), and global positioning systems (GPS), among others. This trend is highly pronounced in urban areas to provide healthier environment and public health, which is driving the adoption of smart waste management technologies in urban societies. For instance, AI-powered smart trash bins have been installed in Zhangjiang High-Tech Park, Shanghai (China). Another 2,000 AI smart trash bins are planned to be deployed by the end of 2019 supplied by Alpheus, an AIoT (AI + IoT) technology company who specializes in waste management.
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Key Findings in the Global Smart Waste Management Market Study:
Broadening Applications of Smart Disposal Method to Drive the Market Growth
Smart disposal is a key strategic cost-effective method that allows optimization of utilities with the help of advanced technologies for efficient waste management. It forms the key component of sustainable waste management practices, helping societies to minimize the environmental impact of waste. As the applications of smart disposal in waste management, including sanitary and bioreactor landfilling, and solar integration grows, the global smart waste management market will maintain the momentum of exponential growth.
Advanced Connected Technologies Witnessing a Dynamic Growth in Smart Waste Management Technologies
Increasing usage of connected devices and growing demand of cost-effective advanced network infrastructure are fueling the growth of the smart waste management technologies. The innovative solutions in waste management are incorporated to perform several tasks, such as performance & process monitoring, configuration management, and accounting management in order to enhance performance and reduce time & operation cost
Industrial Applications Expected to Spearhead the Industry Growth
Industrial sector generates massive volume of hazardous waste. Management of such waste is governed by various disposal regulations. Growing demand of lucrative, time-saving, and safe waste disposal and management technologies is driving the adoption of smart waste management technologies in the industrial sector. Currently, a number of companies are continuously working towards technological developments in waste management solutions & services for the industrial sector.
Asia-Pacific: The Fastest Growing Market
The Asia Pacific region is currently experiencing fastest growth in several industries including automotive, consumer electronics, healthcare, construction, food & beverage, and packaging among others. Increasing population along with economic growth of the region is contributing to the technological evolution of several industries in the region. The demand for smart waste management technologies in this region is on the rise, owing to growing environmental awareness & transformation and increasing adoption of smart city initiatives in the region.
Key Players
Some of the major 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.
Scope of the Report:
Smart Waste Management Market by Type
Smart Waste Management Market by Component
Smart Waste Management Market by Application
Smart Waste Management Market by Geography:
Key questions answered in the report:
Growing demand of smart disposal methods will propel the smart waste management market
Technological advancement supporting the strong growth of the global smart waste management market
Smart Waste Management market holds significant growth opportunities in developing countries
Recent partnerships, acquisitions, and expansions have taken place in the global Smart Waste Management market
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.3.1. Currency
1.3.2. Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth forecast
2.4. Assumptions for the Study
3. Executive Summary
3.1. Market Overview
3.2. Market Analysis, by Type
3.3. Market Analysis, by Component
3.4. Market Analysis, by Application
3.5. Market Analysis, by Geography
3.6. Competitive Analysis
4. Market Insights
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.1.1. Growing Adoption of Smart Waste Management Technology
4.2.1.2. Growing Concern Over the Environmental Impact of Waste Management
4.2.2. Restraints
4.2.2.1. High Cost of Connected Network Infrastructure in the Developing Nation
4.2.3. Opportunities
4.2.3.1. Growing Adoption of Smart City Initiatives across the Globe
4.2.3.2. Use of Technological Advancements in Waste Management Devices
4.2.4. Trends
4.2.4.1. Growing Usage of Connected Devices
5. Global Smart Waste Management Market, by Type
5.1. Introduction
5.2. Smart Waste Collection
5.3. Smart Waste Processing
5.4. Smart Waste Disposal
5.5. Smart Waste To Energy Recovery
6. Global Smart Waste Management Market, by Component
6.1. Introduction
6.2. Solution
6.2.1. Fleet Management
6.2.2. Network Management
6.2.3. Data Analytics & Advanced Reporting
6.2.4. Remote Monitoring
6.2.5. Asset Management
6.3. Services
6.3.1. Professional Services
6.3.2. Managed Services
7. Global Smart Waste Management Market, by Application
7.1. Introduction
7.2. Residential & Municipality
7.3. Industrial
7.4. Commercial
7.5. Construction & Demolition
7.6. Energy
7.7. Water Supply & Sewage Treatment
8. Smart Waste Management Market, by Geography
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. U.K.
8.3.3. France
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.4.4. Rest of Asia Pacific
8.5. Latin America
8.6. Middle East & Africa
9. Competitive Landscape
9.1. Competitive Growth Strategies
9.1.1. Partnerships, Agreements, & Collaborations
9.1.2. Expansions
9.1.3. New Product Launches
9.1.4. Acquisitions
9.2. Market Ranking
10. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
10.1. Suez Environmental Services
10.2. Veolia Environmental S.A.
10.3. Enevo
10.4. Oneplus Systems, Inc.
10.5. IBM Corporation
10.6. Waste Management, Inc.
10.7. Bigbelly, Inc.
10.8. Covanta Holding Corporation
10.9. Bin-E
10.10. Ecube Labs Co., Ltd.
10.11. Republic Services, Inc.
10.12. Sensoneo
10.13. Evreka
10.14. Averda
10.15. Sap SE
11. Appendix
11.1. Questionnaire
11.2. Available Customization
List of Tables
Table 1 Currency Conversion Rate in to USD, 2016-2019
Table 2 Smart Waste Management Market Size, by Type, 2019-2026 ($Million)
Table 3 Smart Waste Management Market Size, by Country/Region, 2017-2026 ($Million)
Table 4 Smart Waste Collection Market Size, by Country/Region, 2017-2026 ($Million)
Table 5 Smart Waste Processing Market Size, by Country/Region, 2017-2026 ($Million)
Table 6 Smart Waste Disposal Market Size, by Country/Region, 2017-2026 ($Million)
Table 7 Smart Waste to Energy Recovery Market Size, by Country/Region, 2017-2026 ($Million)
Table 8 Smart Waste Management Market Size, by Component, 2019-2026 ($Million)
Table 9 Smart Waste Management Solutions Market Size, by Type, 2017-2026 ($Million)
Table 10 Smart Waste Management Solutions Market Size, by Country/Region, 2017-2026 ($Million)
Table 11 Fleet Management Solutions Market Size for Smart Waste Management, by Country/Region, 2017-2026 ($Million)
Table 12 Network Management Solution Market Size for Smart Waste Management, by Country/Region, 2017-2026 ($Million)
Table 13 Data Analytics & Advanced Reporting Solutions Market Size for Smart Waste Management, by Country/Region, 2017-2026 ($Million)
Table 14 Remote Monitoring Solutions Market Size for Smart Waste Management, by Country/Region, 2017-2026 ($Million)
Table 15 Asset Management Solutions Market Size for Smart Waste Management, by Country/Region, 2017-2026 ($Million)
Table 16 Smart Waste Management Services Market Size, by Type, 2017-2026 ($Million)
Table 17 Smart Waste Management Services Market Size, by Country/Region, 2017-2026 ($Million)
Table 18 Professional Services Market Size for Smart Waste Management, by Country/Region, 2017-2026 ($Million)
Table 19 Managed Services Market Size for Smart Waste Management, by Country/Region, 2017-2026 ($Million)
Table 20 Smart Waste Management Market Size, by Application, 2017-2026 ($Million)
Table 21 Smart Waste Management Market Size for Residential & Municipality Sector, by Country/Region, 2017-2026 ($Million)
Table 22 Smart Waste Management Market Size for Industrial Sector, by Country/Region, 2017-2026 ($Million)
Table 23 Smart Waste Management Market Size for Commercial Sector, by Country/Region, 2017-2026 ($Million)
Table 24 Smart Waste Management Market Size for Construction & Demolition Sector, by Country/Region, 2017-2026 ($Million)
Table 25 Smart Waste Management Market Size for Energy Sector, by Country/Region, 2017-2026 ($Million)
Table 26 Smart Waste Management Market Size for Water Supply & Sewage Treatment Sector, by Country/Region, 2017-2026 ($Million)
Table 27 Global Smart Waste Management Market, by Country/Region, 2017-2026 ($Million)
Table 28 North America: Smart Waste Management Market, by Country, 2017-2026 ($Million)
Table 29 North America: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 30 North America: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 31 North America: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 32 North America: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 33 North America: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 34 U.S.: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 35 U.S.: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 36 U.S.: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 37 U.S.: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 38 U.S.: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 39 Canada: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 40 Canada: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 41 Canada: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 42 Canada: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 43 Canada: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 44 Europe: Smart Waste Management Market, by Country, 2017-2026 ($Million)
Table 45 Europe: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 46 Europe: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 47 Europe: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 48 Europe: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 49 Europe: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 50 Germany: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 51 Germany: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 52 Germany: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 53 Germany: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 54 Germany: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 55 U.K.: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 56 U.K.: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 57 U.K.: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 58 U.K.: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 59 U.K.: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 60 France: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 61 France: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 62 France: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 63 France: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 64 France: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 65 Italy: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 66 Italy: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 67 Italy: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 68 Italy: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 69 Italy: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 70 Spain: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 71 Spain: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 72 Spain: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 73 Spain: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 74 Spain: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 75 Rest of Europe: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 76 Rest of Europe: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 77 Rest of Europe: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 78 Rest of Europe: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 79 Rest of Europe: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 80 Asia Pacific: Smart Waste Management Market, by Country, 2017-2026 ($Million)
Table 81 Asia Pacific: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 82 Asia Pacific: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 83 Asia Pacific: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 84 Asia Pacific: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 85 Asia Pacific: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 86 Japan: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 87 Japan: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 88 Japan: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 89 Japan: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 90 Japan: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 91 China: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 92 China: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 93 China: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 94 China: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 95 China: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 96 India: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 97 India: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 98 India: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 99 India: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 100 India: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 101 Rest of Asia Pacific: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 102 Rest of Asia Pacific: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 103 Rest of Asia Pacific: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 104 Rest of Asia Pacific: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 105 Rest of Asia Pacific: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 106 Latin America: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 107 Latin America: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 108 Latin America: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 109 Latin America: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 110 Latin America: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 111 Middle East & Africa: Smart Waste Management Market, by Type, 2017-2026 ($Million)
Table 112 Middle East & Africa: Smart Waste Management Market, by Component, 2017-2026 ($Million)
Table 113 Middle East & Africa: Smart Waste Management Solutions Market, by Type, 2017-2026 ($Million)
Table 114 Middle East & Africa: Smart Waste Management Services Market, by Type, 2017-2026 ($Million)
Table 115 Middle East & Africa: Smart Waste Management Market, by Application, 2017-2026 ($Million)
Table 116 Number of Developments by the Major Players During 2015-2019
Table 117 Partnerships, Agreements, and Collaborations
Table 118 Expansions
Table 119 New Product Launches
Table 120 Acquisitions
List of Figures
Figure 1 Research Process
Figure 2 Primary Research Techniques
Figure 3 Key Executives Interviewed
Figure 4 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 5 Market Sizing and Growth Forecast Approach
Figure 6 Key Adopters of Smart Waste Management Technology
Figure 7 Smart Waste Collection Dominate the Global Smart Waste Management Market
Figure 8 Solution Segment Dominates the Global Smart Waste Management Market
Figure 9 Residential & Municipality Sector Dominates the Global Smart Waste Management Market
Figure 10 Smart Waste Management Market Overview: 2019 - 2026
Figure 11 Global Smart Waste Management Market Size, by Type, 2019-2026 ($Million)
Figure 12 Global Smart Waste Management Market Size, by Component, 2019-2026 ($Million)
Figure 13 Global Smart Waste Management Market Size, by Application, 2019-2026 ($Million)
Figure 14 Global Smart Waste Management Market Size, by Region, 2019-2026 ($Million)
Figure 15 North America: Smart Waste Management Market Size, by Country, 2019-2026 ($Million)
Figure 16 Europe: Smart Waste Management Market Size, by Country, 2019-2026 ($Million)
Figure 17 Asia Pacific: Smart Waste Management Market Size, by Country, 2019-2026 ($Million)
Figure 18 Growth Strategies Adopted by Key Players, 2018
Figure 19 Suez Environmental Services: Financial Overview (2016-2018)
Figure 20 Veolia Environmental S.A.: Financial Overview (2016-2018)
Figure 21 IBM Corporation: Financial Overview (2016-2018)
Figure 22 Waste Management, Inc.: Financial Overview (2016-2018)
Figure 23 Covanta Holding Corporation: Financial Overview (2016-2018)
Figure 24 Republic Services, Inc.: Financial Overview (2016-2018)
Figure 25 SAP SE: Financial Overview (2016-2018)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Apr-2023
Published Date: Feb-2023
Published Date: Jul-2022
Published Date: Dec-2021
Published Date: Nov-2021
