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Global Smart Waste Management Market Size, Share, Growth, Trends, Forecast: By Waste Type: Solid Waste, Special Waste, E-Waste; By Method: Smart Collection, Smart Processing, Smart Disposal; By Source: Residential, Commercial, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2023-2028
Global Smart Waste Management Market Outlook
The global smart waste management market size attained a value of approximately USD 2.53 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 11.10%, reaching a value of around USD 4.67 billion by 2028.
Reducing costs of smart waste management systems and rising economic benefits they offer are positively influencing the smart waste management market. Various industries, residential complexes, and commercial establishments are investing in a variety of smart waste management techniques due to a growing concern for the environment and strict environmental laws by various governments.
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Rapid industrialisation and increasing population are leading to a heightened generation of waste, and with growing focus on sustainability there is greater importance on adequate waste management. Smart waste management aids in monitoring the collection of waste, its transportation, and disposal, streamlining the entire process and reducing pile-ups on landfills. Increasing focus on recycling and reducing manual labour needs in waste management are anticipated to increase the demand for smart waste management in the forecast period.
Advent of AI Pushing the Market Growth of Smart Waste Management
The global market for smart waste management is being driven by the advent of advanced digital technologies like Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT). Artificial Intelligence is substantially contributing to the development of smart waste management systems providing profitable smart waste management market opportunities. Smart bins that are equipped with Internet of Things (IoT) technology aid in optimising garbage collection, while machine learning (ML) is further used to identify, categorise, and sort waste immediately after it is thrown away.
AI, ML, robotics, IoT, and other innovative technologies have allowed municipal authorities to minimise manual labour, cut costs, and maximise efficiency. Moreover, with rising concerns regarding sustainability, the process of waste management and recycling is becoming an utmost priority, thereby promoting the adoption of smart waste management and increasing the global smart waste management market demand.
Smart Waste Management Market Segmentation
Smart waste management refers to the usage of technology to improve waste management for more efficient, environmentally friendly, and cost-effective results. Depending upon the type of waste generated and the stage of waste management, the applicable systems and processes can vary.
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On the basis of waste type, the market is divided into:
- Solid Waste
- Special Waste
- E-Waste
Based on method, the market is segmented into:
- Smart Collection
- Smart Processing
- Smart Disposal
On the basis of source, the market is categorised into:
- Residential
- Commercial
- Industrial
The EMR report looks into the regional markets of smart waste management like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Development of Smart Cities to Augment the Smart Waste Management Market Share
The development of smart cities is catalysing the growth of the global market for smart waste management. Smart cities are software-driven infrastructures in which day-to-day operations are computerised using technologies like AI and IoT. With rapid urbanisation and industrialisation, investments in infrastructural projects are contributing to the development of smart cities, bolstering the market for smart waste management. Smart bins, powered through IoT technology, are deployed to effectively differentiate between different kinds of wastes with the help of sensors.
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Furthermore, improvements in technology and product design to incorporate features such as weight management and improved logistics, are expected to bolster the growth of smart waste management system market in the coming years. Moreover, robust investments into progressive technologies, smart infrastructures, and waste management systems are boosting the market growth.
Key Players in the Global Smart Waste Management Market
The report presents a detailed analysis of the following key players in the global smart waste management market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:
- Covanta Holding Corporation
- Veolia Environnement S.A.
- Republic Services, Inc.
- Sensoneo j.s.a.
- BigBelly, Inc.
- SUEZ Smart Solutions
- Evreka A.Åž.
- Ecube Labs Co Ltd
- Enevo, Inc.
- Others
The comprehensive report looks at the micro and macro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Waste Type |
|
| Breakup by Method |
|
| Breakup by Source |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smart Waste Management Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Waste Management Historical Market (2018-2022)
8.3 Global Smart Waste Management Market Forecast (2023-2028)
8.4 Global Smart Waste Management Market by Waste Type
8.4.1 Solid Waste
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Special Waste
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 E-Waste
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Smart Waste Management Market by Method
8.5.1 Smart Collection
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Smart Processing
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Smart Disposal
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Smart Waste Management Market by Source
8.6.1 Residential
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Commercial
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Industrial
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.7 Global Smart Waste Management Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Smart Waste Management Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Smart Waste Management Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Smart Waste Management Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Smart Waste Management Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Smart Waste Management Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Covanta Holding Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Veolia Environnement S.A.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Republic Services, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Sensoneo j.s.a.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 BigBelly, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 SUEZ Smart Solutions
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Evreka A.Åž.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Ecube Labs Co Ltd
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Enevo, Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Smart Waste Management Market: Key Industry Highlights, 2018 and 2028
2. Global Smart Waste Management Historical Market: Breakup by Waste Type (USD Billion), 2018-2022
3. Global Smart Waste Management Market Forecast: Breakup by Waste Type (USD Billion), 2023-2028
4. Global Smart Waste Management Historical Market: Breakup by Method (USD Billion), 2018-2022
5. Global Smart Waste Management Market Forecast: Breakup by Method (USD Billion), 2023-2028
6. Global Smart Waste Management Historical Market: Breakup by Source (USD Billion), 2018-2022
7. Global Smart Waste Management Market Forecast: Breakup by Source (USD Billion), 2023-2028
8. Global Smart Waste Management Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Smart Waste Management Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Smart Waste Management Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Smart Waste Management Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Smart Waste Management Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Smart Waste Management Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Smart Waste Management Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Smart Waste Management Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Smart Waste Management Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Smart Waste Management Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Smart Waste Management Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Smart Waste Management Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Smart Waste Management Market Structure
Key Questions Answered in the Report
The global market for smart waste management attained a value of approximately USD 2.53 billion in 2022.
The market is projected to grow at a CAGR of 11.10% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028, reaching a value of around USD 4.67 billion by 2028.
The major market drivers include increasing generation of waste worldwide, rising importance of adequate waste management, and incorporation of advanced digital technologies like AI, IoT, and ML into waste management.
The key smart waste management market trends include rising development of smart cities in major economies, increasing regulations pertaining to waste handling, and cost-savings offered by smart waste management.
The major regional markets for smart waste management are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The significant waste types in the market for smart waste management are solid waste, special waste, and e-waste.
The different methods of smart waste management are smart collection, smart processing, and smart disposal.
The leading sources of smart waste management in the market are residential, commercial, and industrial.
The major players in the market are Covanta Holding Corporation, Veolia Environnement S.A., Republic Services, Inc., Sensoneo j.s.a., BigBelly, Inc., SUEZ Smart Solutions, Evreka A.S., Ecube Labs Co Ltd, and Enevo, Inc., among others.
Analyst Review
The global smart waste management market attained a value of approximately USD 2.53 billion in 2022, driven by the advent of advanced digital technology. Aided by the development of smart cities, the market is expected to grow at a CAGR of 11.10% in the forecast period of 2023-2028, reaching a value of around USD 4.67 billion by 2028.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the market. On the basis of waste type, the market is divided into solid waste, special waste, and e-waste. Based on method, the market is categorised into smart collection, smart processing, and smart disposal. The market, based on source, is segmented into residential, commercial, and industrial. The major regional markets for smart waste management are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the market are Covanta Holding Corporation, Veolia Environnement S.A., Republic Services, Inc., Sensoneo j.s.a., BigBelly, Inc., SUEZ Smart Solutions, Evreka A.Ş., Ecube Labs Co Ltd, and Enevo, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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