Smart Waste Collection Technology Market by Solution, Services, End User

Description

List of Tables

[186 Pages Report] The Smart Waste Collection Technology Market size was estimated at USD 1.46 billion in 2023 and expected to reach USD 1.98 billion in 2024, at a CAGR 36.51% to reach USD 12.92 billion by 2030.

Smart waste collection technology refers to a set of innovative solutions that leverage the Internet of Things (IoT), sensor technology, data analytics, and communication systems to enhance the efficiency & effectiveness of waste collection processes. These technologies include smart waste bins equipped with sensors for real-time monitoring of waste levels, waste sorting robotics, route optimization software for collection vehicles, and data management platforms to analyze and predict waste generation patterns. Implementing smart waste collection technology plays a crucial role in urban management and sustainability. These systems help reduce operational costs, improve recycling rates, and minimize the environmental impact of waste. Increasing cognizance about environmental issues has led to stringent government regulations, driving demand for efficient waste management solutions. Continuous innovations in IoT and AI bolster the development of smarter waste management systems. However, the costs associated with implementing smart waste technology can be challenging for the growth of the market. Moreover, the increasing use of sensors and IoT devices raises concerns about data security & privacy. Nevertheless, the Integration of technologies such as machine learning and predictive analytics for forecasting waste generation patterns can provide an opportunistic view of the market. Moreover, the development of advanced sorting technologies that improve the recovery of recyclables may flourish the market growth further.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.46 billion
Estimated Year [2024]	USD 1.98 billion
Forecast Year [2030]	USD 12.92 billion
CAGR (%)	36.51%

Solution: Increasing demand for asset management solutions with integration of advanced technologies

Asset management solutions in smart waste collection are pivotal for effectively monitoring and managing waste collection assets, including bins, containers, and waste collection vehicles. These solutions offer capabilities for tracking asset location, status, and condition, enabling proactive maintenance and reducing asset downtime. By leveraging IoT sensors and RFID tags, asset management systems provide real-time data on asset utilization, facilitating optimal resource allocation and extending the lifecycle of assets through preventive maintenance schedules. Network management solutions are critical for the seamless operation of infrastructure supporting smart waste collection systems. These solutions ensure the efficient transmission and processing of data across the network of sensors and devices embedded in waste management assets. By managing the network's bandwidth, security, and connectivity, network management solutions ensure that data collected from waste bins and collection vehicles is transmitted in real-time without delays or disruptions. Optimization solutions for smart waste collection focus on improving operational efficiencies and reducing waste collection costs. These solutions employ advanced algorithms & machine learning techniques to analyze vast amounts of data from waste collection operations. Optimization solutions enable waste management entities to reduce fuel consumption, minimize collection times, and lower operational costs by predicting waste generation patterns and identifying the most efficient routes for waste collection vehicles. Reporting and analytics solutions are crucial in transforming raw data into actionable insights for waste management authorities. By aggregating and analyzing data from various sources, including waste collection vehicles, bins, and citizen reports, these solutions generate comprehensive reports and dashboards highlighting key performance indicators (KPIs), operational inefficiencies, and areas for improvement.

End User: Increasing adoption of smart waste collection technologies by municipalities to address the challenges of urban waste management

Municipalities are at the forefront of adopting smart waste collection technologies to address the challenges of urban waste management. These technologies offer cities the ability to improve public cleanliness, reduce environmental impact, and enhance the efficiency of waste collection services. Through the installation of sensors in waste bins and containers, municipalities can receive real-time data on waste levels, enabling optimized collection routes and schedules. This reduces operational costs and decreases vehicle emissions by avoiding unnecessary collection rounds, promoting a cleaner, healthier urban environment. In the construction sector, smart waste collection technology is revolutionizing the way waste management processes are handled. Given the high volume and varied nature of waste generated on construction sites, including wood, metal, and concrete materials, smart solutions help categorize and efficiently manage disposal or recycling. These technologies utilize sensors and software to monitor waste levels, optimize collection routes, and reduce operational costs. The use of data analytics further aids construction companies in achieving sustainability goals by minimizing landfill use and enhancing resource recovery. Manufacturing and industrial sectors benefit from smart waste collection technology by optimizing waste sorting, collection, and recycling processes. These sectors often generate substantial quantities of waste, including scrap metal, chemicals, and plastics, necessitating robust waste management solutions. Smart technologies empower these industries with the capabilities to significantly enhance operational efficiency, reduce waste management costs, and improve environmental performance through better waste stream analytics, predictive maintenance of collection equipment, and dynamic scheduling for waste pickup and recycling services. For the food and retail industry, smart waste collection technology offers a pathway to address the critical issue of organic waste and packaging disposal. Technologies deployed in this sector focus on minimizing food waste through intelligent monitoring systems that predict waste generation, facilitating more effective waste segregation and collection strategies. The healthcare industry requires stringent waste management practices in the face of the hazardous nature of medical waste. Smart waste collection technologies in healthcare enhance safety and compliance by providing solutions that include real-time tracking and management of waste streams, ensuring that hazardous waste is handled appropriately. These systems are instrumental in preventing contamination, reducing risks of infection, and adhering to strict regulatory standards. Furthermore, they facilitate the improved segregation of waste types, leading to more efficient recycling processes and reduced waste volume sent to landfills.

Regional Insights

The smart waste collection technology landscape in the Americas is evolving rapidly owing to the adoption of IoT and AI for waste collection optimizations and partnerships between technology providers and municipal governments. The United States and Canada are frontrunners in adopting and implementing these technologies, while South America, Brazil, and Argentina show promising growth in smart waste management systems. In EMEA, the adoption of smart waste collection technologies is seeing a varied pace. With their stringent environmental policies, European nations are leading in both innovation and implementation, particularly in waste sorting, recycling, and energy recovery. Smart waste management aligns with the EU's waste reduction and management directives. In the Middle East, ambitious, smart city projects encompass state-of-the-art waste management solutions that are supporting the growth of the market. The Asia Pacific region shows an opportunistic landscape for the growth of the smart waste collection technology market owing to rapid urbanization in major economies, leading to smart city developments with integrated waste management. Moreover, various government initiatives to reduce landfill use and promote recycling have paved the way for adopting smart waste collection technology.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Smart Waste Collection Technology Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Smart Waste Collection Technology Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Smart Waste Collection Technology Market, highlighting leading vendors and their innovative profiles. These include AIS Technology Ltd., ALLVY Software Solutions, Ashbee Systems Ltd, Averda International Limited, Bigbelly, Inc., Bine SP. Z.O.O., Covanta Holding Corporation, Ecube Labs Co., Ltd., Enevo, Inc., Evreka, Faststream Technologies, Gimeno Digital Technologies, S.L., Inogen Environmental Alliance, Inc., International Business Machines Corporation, MgNova Digital Technologies AB, Nivid Technologies, Pepperl+Fuchs SE, PT Mall Sampah Indonesia, RoadRunner Recycling Inc., Rubicon Technologies, Inc., SAP SE, Sensoneo J.s.a., Suez Group, Superfy Limited, Veolia Environnement S.A., Waste Harmonics, LLC, WAVIoT Integrated Systems LLC, and Wellness TechGroup.

Market Segmentation & Coverage

This research report categorizes the Smart Waste Collection Technology Market to forecast the revenues and analyze trends in each of the following sub-markets:

Solution
- Asset Management
- Network Management
- Optimization Solutions
- Reporting and Analytics Solutions

Services
- Managed Services
- Professional Services

End User
- Construction
- Food & Retail
- Healthcare
- Manufacturing & Industrial
- Municipalities

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Smart Waste Collection Technology Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Smart Waste Collection Technology Market?

3. What are the technology trends and regulatory frameworks in the Smart Waste Collection Technology Market?

4. What is the market share of the leading vendors in the Smart Waste Collection Technology Market?

5. Which modes and strategic moves are suitable for entering the Smart Waste Collection Technology Market?

Product Code: MRR-03050D1B2D4B

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Government Trend of Smart Waste Collection in Smart Cities With Adoption of IoT Technologies
  - 5.1.1.2. Increasing Use of Data Analytics in the Waste Management Operations
  - 5.1.1.3. Growing Complexity in The Logistics of Waste Collection and The Need to Comply with Regulations Pertaining to Waste Processing
- 5.1.2. Restraints
  - 5.1.2.1. High Cost for Maintenance
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing Design Proposals and Concepts Engulfing Smart Waste Collection
  - 5.1.3.2. Increased Attractive Funding and Amalgamation in the Market
- 5.1.4. Challenges
  - 5.1.4.1. Lack of Efficient Connectivity in Waste Management Networks
5.2. Market Segmentation Analysis
- 5.2.1. Solution: Increasing demand for asset management solutions with integration of advanced technologies
- 5.2.2. End User: Increasing adoption of smart waste collection technologies by municipalities to address the challenges of urban waste management
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Smart Waste Collection Technology Market, by Solution

6.1. Introduction
6.2. Asset Management
6.3. Network Management
6.4. Optimization Solutions
6.5. Reporting and Analytics Solutions

7. Smart Waste Collection Technology Market, by Services

7.1. Introduction
7.2. Managed Services
7.3. Professional Services

8. Smart Waste Collection Technology Market, by End User

8.1. Introduction
8.2. Construction
8.3. Food & Retail
8.4. Healthcare
8.5. Manufacturing & Industrial
8.6. Municipalities

9. Americas Smart Waste Collection Technology Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Smart Waste Collection Technology Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Smart Waste Collection Technology Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Rubicon and City of Phoenix Announce Smart City Partnership to Drive Cost Savings, Efficiency, and Innovation in Public Works Operations
- 12.3.2. City and County of Denver and Rubicon Announce Launch of Smart City Partnership
- 12.3.3. Rhenus and Commerzbank Collaborating On Smart Waste Management

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio