Global Smart Waste Management Market: Overview
The smart waste management market comprises waste management techniques that incorporate a broad suite of smart technologies for managing a variety of activities native to the practice of waste management. As the world’s population continues its enormous pace of expansion, the issue of waste management is becoming increasingly complex, expensive, and difficult.
Several everyday activities lead to the generation of a vast variety of wastes, including industrial waste, commercial waste, waste generated from construction and demolition activities, agricultural waste, sewage, and waste generated from mining and quarrying activities. The rate of generation of waste from these areas has significantly increased in the past few years.
The report on the global smart waste management market presents a detailed overview as well as forward-looking perspective of the growth prospects of the market through the years 2016 to 2024. It outlines the major factors that are expected to influence the developmental prospects of the market over the forecast period, examining the major demand drivers, restraints, and major trends observed in the market.
Global Smart Waste Management Market: Trends and Opportunities
Deployment of a variety of smart technologies in the field of waste management has enabled efficient and relatively more economical execution of several steps in the waste management cycle. Municipalities, industrial bodies, and waste management companies are expected to generate heightened demand for smart waste management systems and technologies in the near future. The market will significantly benefit from technological advancements and the rising focus of waste management companies toward maximizing the renewable benefits of waste.
Smart waste management technologies span four distinct phases of the conventional waste management industry: Waste collection, waste processing, recycling/recovery of useful entities, and disposal.
Major technologies utilized for waste collection in smart waste management systems include radio frequency identification (RFID), global positioning systems-enabled (GPS) routing, fuel switching, and pneumatic tubes. Waste processing in the smart waste management market is carried out via mechanical biological treatments, advanced material recovery facilities, and refuse-derived fuel production facilities.
For the recycling/recovery phase, technologies such as incineration, biological treatment, and advanced thermal treatment are preferred. Waste management companies are increasingly focusing on the possibilities of deriving energy and fuels from a variety of waste materials. Thus, research activities aimed at devising better ways of waste-to-energy, waste-to-fuels, and landfill gas-to-energy conversion have increased significantly. Based on smart disposal techniques, the market can be segmented into sanitary landfills, landfill and solar integration, and bioreactor landfills.
Global Smart Waste Management Market: Geographic Outlook
On the basis of geography, the global smart waste management market has been segmented into Asia Pacific, North America, Europe, and the Rest of the World (RoW). Currently, developed regions such as North America and Europe are the most mature markets for smart waste management. The markets in these regions are majorly driven by government regulations that encourage finding alternatives to landfilling, the availability of vast capital for investing in innovative waste management technologies, limited space for discarding waste, and high landfill tipping charges in certain countries. However, the global smart waste management market is projected to witness the fastest development in emerging parts of the world. The market is projected to achieve double-digit growth in Asia Pacific, as waste management companies are increasingly realizing the potential of advances in waste-to-energy and waste-to-fuel segments in these regions.
Major companies operating in the global smart waste management market include Covanta Energy, Suez Environment, Republic Services, Veolia North America, Bigbelly, Enerkem, Harvest Power, and RecycleSmart Solutions.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.