Global Smart Waste Management Market is valued at approximately USD 2.56 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 15.1% over the forecast period 2023-2030. Smart waste management is a system that utilizes technology to create waste collection more competently, cost-effectivly, and environmentally friendly. It gathers information about garbage creation trends, behavior, and location using sensors, the Internet of Things (IoT), and data analytics. Waste collection routes, timetables, and disposal procedures are then optimized using this data. The increasing awareness of environmental sustainability, imposition of stringent waste management regulations, and high demand for real-time monitoring and optimization, coupled with the integration with smart city initiatives are the key factors that are driving the market demand across the globe.
The growing urbanization is a leading cause of waste generation that is putting a strain on traditional waste management systems. Smart waste management solutions can help to improve the efficiency of waste management in urban areas. According to World Bank in 2020, there were around 55% of the population that is approximately 4.2 billion inhabitants were recorded to live in urban areas. Furthermore, it is expected that the urban population is likely to continuously rise by 1.5 times and reached nearly 6 million by 2045. Consequentially, the rising need for effective waste collection, monitoring, and disposal drives the adoption of smart waste management technologies. Moreover, the rising technological advancements related to smart waste management solutions, as well as increased focus on recycling and circular economy creates numerous lucrative opportunities over the anticipated period. However, the high costs of implementation and the lack of efficient connectivity are challenging the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Smart Waste Management Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the stringent regulations regarding waste management, rising emphasis on reducing carbon emissions, and the presence of key market players. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. Increasing environmental concerns, the rapid development of residential projects such as smart cities, along with the rising focus on recycling and circular economy are significantly propelling the market demand across the region.
Major market players included in this report are:
- Ecube Labs Co Ltd
- Waste Management Inc
- Republic Services Inc
- Sensoneo j. s. a.
- Covanta Holding Corporation
- Bigbelly, Inc.
- Veolia Environnement S.A
- SUEZ Environmental Services S.A.
- Enevo Oy
- Urbiotica
Recent Developments in the Market:
- In October 2022, Covanta, a provider of environmental services for businesses and communities across North America acquired Biologic- a California-based environmental management company offering full waste management services. Covanta has completed a series of acquisitions by the EQT Infrastructure V fund, and this initiative is has focused on strengthening the company's geographic footprints across the California markets.
Global Smart Waste Management Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Waste Type, Method, Source, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Waste Type:
- Solid Waste
- Special Waste
- E-Waste
By Method:
- Smart Collection
- Smart Processing
- Smart Disposal
By Source:
- Residential
- Commercial
- Industrial
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Smart Waste Management Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Smart Waste Management Market, by Waste Type, 2020-2030 (USD Billion)
- 1.2.3. Smart Waste Management Market, by Method, 2020-2030 (USD Billion)
- 1.2.4. Smart Waste Management Market, by Source, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Smart Waste Management Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Smart Waste Management Market Dynamics
- 3.1. Smart Waste Management Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing Awareness of environmental sustainability
- 3.1.1.2. Rising waste generation and Urbanization
- 3.1.2. Market Challenges
- 3.1.2.1. High costs of implementation
- 3.1.2.2. Lack of efficient connectivity
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing technological advancements related to smart waste management solutions
- 3.1.3.2. Increased focus on recycling and circular economy
Chapter 4. Global Smart Waste Management Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Smart Waste Management Market, by Waste Type
- 5.1. Market Snapshot
- 5.2. Global Smart Waste Management Market by Waste Type, Performance - Potential Analysis
- 5.3. Global Smart Waste Management Market Estimates & Forecasts by Waste Type 2020-2030 (USD Billion)
- 5.4. Smart Waste Management Market, Sub Segment Analysis
- 5.4.1. Solid Waste
- 5.4.2. Special Waste
- 5.4.3. E-Waste
Chapter 6. Global Smart Waste Management Market, by Method
- 6.1. Market Snapshot
- 6.2. Global Smart Waste Management Market by Method, Performance - Potential Analysis
- 6.3. Global Smart Waste Management Market Estimates & Forecasts by Method 2020-2030 (USD Billion)
- 6.4. Smart Waste Management Market, Sub Segment Analysis
- 6.4.1. Smart Collection
- 6.4.2. Smart Processing
- 6.4.3. Smart Disposal
Chapter 7. Global Smart Waste Management Market, by Source
- 7.1. Market Snapshot
- 7.2. Global Smart Waste Management Market by Source, Performance - Potential Analysis
- 7.3. Global Smart Waste Management Market Estimates & Forecasts by Source 2020-2030 (USD Billion)
- 7.4. Smart Waste Management Market, Sub Segment Analysis
- 7.4.1. Residential
- 7.4.2. Commercial
- 7.4.3. Industrial
Chapter 8. Global Smart Waste Management Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Smart Waste Management Market, Regional Market Snapshot
- 8.4. North America Smart Waste Management Market
- 8.4.1. U.S. Smart Waste Management Market
- 8.4.1.1. Waste Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Method breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Source breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Smart Waste Management Market
- 8.5. Europe Smart Waste Management Market Snapshot
- 8.5.1. U.K. Smart Waste Management Market
- 8.5.2. Germany Smart Waste Management Market
- 8.5.3. France Smart Waste Management Market
- 8.5.4. Spain Smart Waste Management Market
- 8.5.5. Italy Smart Waste Management Market
- 8.5.6. Rest of Europe Smart Waste Management Market
- 8.6. Asia-Pacific Smart Waste Management Market Snapshot
- 8.6.1. China Smart Waste Management Market
- 8.6.2. India Smart Waste Management Market
- 8.6.3. Japan Smart Waste Management Market
- 8.6.4. Australia Smart Waste Management Market
- 8.6.5. South Korea Smart Waste Management Market
- 8.6.6. Rest of Asia Pacific Smart Waste Management Market
- 8.7. Latin America Smart Waste Management Market Snapshot
- 8.7.1. Brazil Smart Waste Management Market
- 8.7.2. Mexico Smart Waste Management Market
- 8.8. Middle East & Africa Smart Waste Management Market
- 8.8.1. Saudi Arabia Smart Waste Management Market
- 8.8.2. South Africa Smart Waste Management Market
- 8.8.3. Rest of Middle East & Africa Smart Waste Management Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Ecube Labs Co Ltd
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Waste Management Inc
- 9.3.3. Republic Services Inc
- 9.3.4. Sensoneo j. s. a.
- 9.3.5. Covanta Holding Corporation
- 9.3.6. Bigbelly, Inc.
- 9.3.7. Veolia Environnement S.A
- 9.3.8. SUEZ Environmental Services.
- 9.3.9. Enevo Oy
- 9.3.10. Urbiotica
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption