MELBOURNE, July 14, 2022 (GLOBE NEWSWIRE) -- The comprehensive industry research on “Global Smart Waste Collection Technology Market” published by Data Bridge Market Research includes growth analysis, regional marketing, challenges, opportunities, revenue analysis, and key driver analysis. Key elements of this report range from industry outlook along with critical success factors, industry dynamics or market definition in terms of drivers and restraints, market segmentation and value chain analysis, key opportunities or developments, application outlook, regional or country-level analysis to the competitive landscape. What is more, the Smart Waste Collection Technology Market report provides the data and information for actionable, most recent, and real-time market insights which makes it straightforward to even take critical business decisions
The rapidly revolutionizing marketplace demands the best market and business solutions to thrive in the market. This Smart Waste Collection Technology Market report contains comprehensive data on market definition, classifications, applications, engagements, market drivers, and market restraints of this industry all of which is derived from Porter’s Five Forces analysis. The market definition covered in this Smart Waste Collection Technology Market report gives the scope of a particular product with respect to the driving factors and restraints in the market. The sources of data and information mentioned in the Smart Waste Collection Technology Market report are very reliable and include websites, annual reports of the companies, journals, and mergers which are checked and validated by the market experts.
Data Bridge Market Research analyses that the Smart Waste Collection Technology Market was valued at USD 1.75 billion in 2021 and is expected to reach the value of USD 3.83 billion by 2029, at a CAGR of 10.30% during the forecast period of 2022 to 2029.
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Market Overview:
The increasing complexity of waste collection logistics, as well as the need to comply with waste processing regulations necessitates better waste management solutions, which are made possible by the use of technologies such as IoT sensors, RFID, GPS, and so on. Although the smart waste management market is in its early stages, it is expected to grow rapidly due to the availability of commercially viable technologies and operational benefits.
Smart waste management is a combination of advanced technologies and innovative strategies that aid in the efficient sorting, recycling, and disposal of massive amounts of waste in a smooth and orderly manner.
Some of the major players operating in the Smart Waste Collection Technology Market are:
- IBM (US)
- SAP SE (Germany)
- Sensoneo (Slovakia)
- Big belly solar, LLC (US)
- Inogen Environmental Alliance, Inc. (US)
- Ecube Labs (South Korea)
- Covanta Holding Corporation (US)
- Pepperl+Fuchs (Germany)
- OnePlus Systems Inc. (US)
- Urbiotica (Spain)
Recent Development
The Metropolitan Atlanta Rapid Transit Authority (MARTA) has launched a new portfolio of Internet of Things (IoT) solutions that combine advanced analytics and artificial intelligence to help companies like MARTA improve their maintenance plans. Companies in asset-intensive industries such as chemicals, oil and gas, energy and utilities, manufacturing, and transportation will benefit greatly from these solutions.
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How will this Market Intelligence Report Benefit You?
- The report offers statistical data in terms of value (US$) as well as Volume (units)
- Exclusive insight into the key trends affecting this industry, although key threats, opportunities and disruptive technologies that could shape the Global Market supply and demand
- The report tracks the leading market players that will shape and impact this Market most
- The data analysis present in this report is based on the combination of both primary and secondary resources
- The report helps you to understand the real effects of key market drivers or retainers on this business
Smart Waste Collection Technology Market Dynamics
Drivers
- Increasing investment in smart city designs
One of the encouraging factors driving growth in the smart waste collection technology market is the increasing investment in smart city designs. Certain plans are leading the way in developing countries, where governments are investing billions of dollars in smart city designs because everything will be combined in these smart cities, garbage collection with the use of smart waste collection technology will benefit certain regions.
- Adoption of sustainable waste management and waste handling systems
The benefit of smart waste collection technology is that it uses sustainable waste management and waste handling systems that enable the Internet of Things (IoT), sensors, and data analytics. Rapid urbanisation and industrialization which are expected to generate massive amounts of waste, and intelligence waste management systems are required to manage this waste, which is expected to drive market growth.
Opportunity
Smart disposal is a critical strategic cost-effective method for optimising utilities through the use of advanced waste management technologies. It is a critical component of sustainable waste management practises, assisting societies in reducing waste's environmental impact.
Radical conclusions of the report:
- Industry overview with a futuristic perspective
- Analysis of production costs and analysis of the industrial chain
- Benchmarking the competitive landscape
- Market growth trends; current and emerging
- Technological developments and products
- Comprehensive coverage of market factors, restraints, opportunities, threats, limitations, and outlook for the Market
- Porter’s Five Forces Analysis, Feasibility Analysis, and ROI Analysis
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Highlights of Following Key Factors of Global Smart Waste Collection Technology Market
A detailed description of the company’s operations and business divisions
Analyst’s summarization of the company’s business strategy
Progression of key events associated with the company
- Major products and services
A list of major products, services and brands of the company
A list of key competitors to the company
- Important locations and subsidiaries
A list and contact details of key locations and subsidiaries of the company
- Detailed financial ratios for the past 5 years
The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
Global Smart Waste Collection Technology Market Scope
Services
Solution
- Network Management
- Optimization Solutions
- Asset Management
- Reporting and Analytics Solutions
- Others
End users
- Municipalities
- Manufacturing and Industrial
- Healthcare
- Construction
- Food and Retail
- Others
The countries covered in the smart waste collection technology market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
Highlights of TOC:
Chapter 1: Market overview
Chapter 2: Global Smart Waste Collection Technology Market
Chapter 3: Regional analysis of the Global Smart Waste Collection Technology Market industry
Chapter 4: Smart Waste Collection Technology Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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