Industry News:
June, 2017 – Cisco formed a partnership agreement to deploy the IoT City Digital Platform in Denmark. This initiative includes intelligent waste monitoring for which SmartBin has deployed its sensors to a range of waste and recycling containers integrated with the City Digital Platform. In addition, lamp posts and traffic lights have been equipped with sensors that send data to the control console at the town hall.
June, 2017 – Veolia, a provider of water, waste and energy management solutions, announced it has won a contract from North Carolina Renewable Power – Lumberton, a subsidiary of Georgia Renewable Power (GRP), to manage its biomass facility. Under a long term agreement, GRP has engaged Veolia to provide comprehensive operations and maintenance services of the plants CHP operations and production of biomass fuel and organic fertiliser.
November, 2017 – eleven-X Inc. Canada-based Technology Company is looking to make one Canadian university a bit smarter through real-time tracking of fill-levels of on-campus outdoor waste disposal and recycling bins specifically associated with the campus parking facilities. For eleven-X, the UBC pilot is aimed at improving waste collection efficiencies by providing optimized route planning and pick-up while reducing costs by optimizing schedules and eliminating the need for emergency call-outs.
November, 2017 – BioHiTech Global, Inc., a green technology company that develops and deploys innovative and disruptive waste management technologies, today announced that a leading restaurant and nightlife company with multiple venues in the United States, has deployed BioHiTech’s sustainable food waste disposal solution.
Smart Waste Management Industry Players:
Covanta Energy (U.S.), Suez Environment (Paris), Republic Services (U.S.), Veolia North America (U.S.), big belly (U.S.), Enerkem (Canada), Harvest Power (U.S.), and Recycle Smart Solutions (Canada) and Enevo (Finland) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Smart Waste Management Market.
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Smart Waste Management Global Market – Overview
The Global Smart Waste Management Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of smart waste management will grow moderately over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).
The evolution of solid waste is a major threat to community and environment and at the same time can be useful as strategic renewable resource. Municipal waste remains an estimable by-product of civilization and a main target for advancement in technology. Meanwhile, the waste management market is entering a period of active change as the total volume of waste generated is estimated to grow from 1.5 billion tons in 2014 to 2.3 billion tons by the end of 2025. Smart waste management helps to reduce the overall transport and collection cost of waste management by almost 50%.
Smart waste collection solutions on the market track waste levels and provide route optimization and operational analytics. Municipalities and waste service managers are realizing that these solutions can help them meet sustainability goals (such as zero waste), improve services for residents and reduce operational costs. A common set of elements found in most smart waste collection systems includes: sensors that monitor fill level and other indicators such as temperature and tilt within waste containers, a communication node to transport data and a software suite for accessing, managing and analysing that data.
The major forces driving the Smart Waste Management Market include a rise in smart city initiatives across different regions and stringent regulations and compliance requirements for environment protection & waste management. Nowadays, integration of Internet of Things (IoT) across different verticals is providing good opportunities for the growth of the Smart Waste Management Market by providing real-time intelligence, thus, leading the organizations to shift towards deployment of smart solutions.
Effective and advanced smart waste management technologies like gasification and RFID are gaining momentum in developed economies of North America and Western Europe. The development of advanced infrastructure to support the smart waste management market is very expensive which acts as a major challenge in most of the developing countries all over the globe. Increasing urbanization rates followed by rising incomes are some other factors which fuel the global smart waste management market during the forecast period.
Analytics and reporting is expected to be the most promising solution during the forecast period
Analytics and reporting solutions provide advanced analytics and help in managing data generated by the sensors. It is expected to hold the largest share of the Smart Waste Management Market by solution. The solution segment includes advanced analytics, data management, and dashboards & platform solutions. The huge flow of data and the need for environment protection are the major driving forces for the growth of analytics and reporting solutions in the Smart Waste Management Market.
Smart Waste Management Market – Segmentation
The Global Smart Waste Management Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Method: Comprises Smart collection (RFID (radio frequency identification), GPS (global positioning system), and pneumatic tubes), Smart processing, Smart energy recovery (waste to energy), waste to fuels (WTF), landfill gas to energy, smart disposal among others
Segmentation by type of waste: Comprises solid waste (Residential, commercial, municipal), agricultural, Special (Healthcare, sewage sludge) and e-waste among others.
Segmentation by solution: advanced analytics, data management, and dashboards & platform solutions
Segmentation by Application: Comprises Healthcare, Food & Beverage, construction, retail, Packaging, colleges & universities among others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Smart Waste Management Market: Regional Analysis
North-America dominates the global smart waste management market with the largest market share due to availability of huge capital for investments, and inadequate place for disposal of waste in the region. The regional markets are also thriving due to increasing support for seeking alternatives to landfills, high landfill tipping fines, and sizeable capital investment in finding a sustainable solution towards discarding waste. North America followed by Europe and Asia Pacific are expected to dominate the smart waste management by the end of 2027. Asia Pacific, especially its emerging economies of India and China is expected to register a high CAGR among all other regions by the end of 2027.
MRFR research indicates that Asia Pacific smart waste management market is also anticipated to witness a noteworthy growth rate in the coming years as segments such as waste-to-energy and waste-to-fuel are on the verge of revolutionary progress. The growing awareness about the environmental hazards of poor waste management and the depletion of land as a resource has triggered a huge demand for smart waste management technologies in Asia Pacific region.
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