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Global Smart Waste Management Market: By Waste Type: Solid Waste, Special Waste, E-Waste; By Method: Smart Collection, Smart Processing, Smart Disposal; By Source: Residential, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Smart Waste Management Market Outlook
The global smart waste management market attained a value of about USD 2.2 billion in 2021. The market is further expected to grow at a CAGR of 10.87% during the forecast period of 2023-2028 to reach nearly USD 4.3 billion by 2027.
The Advent of AI is 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. Smart bins that drive on Internet of Things (IoT) technology aid in optimising garbage collection, along with machine learning (ML) which is further used to identify, categorise, and sort waste immediately after it is thrown away.
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Furthermore, owing to the ubiquity of smartphones and internet accessibility, the process of smart waste management is further augmenting the process of smart waste management. Moreover, as a result of 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 bolstering the market growth.
Smart Waste Management: Market Segmentation
Smart waste management refers to a concept that utilises digital technology like AI, ML, and IoT to manage solid waste disposal.
On the basis of waste type, the market can be divided into:
- Solid Waste
- Special Waste
- E-Waste
Based on method, the market can be segmented into:
- Smart Collection
- Smart Processing
- Smart Disposal
The market, based on source, can be 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.
The Development of Smart Cities to Augment the Growth of the Market in the Coming Years
The growth in the global market for smart waste management can be associated with the development of smart cities. 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. Smart bins powered through IoT technology are deployed to effectively differentiate between different kinds of wastes with the help of sensors.
Furthermore, improvements in technology and product design to incorporate features, such as weight management and improved logistics, are expected to bolster the market growth of smart waste management systems in the coming years. Moreover, robust investments into progressive technologies, smart infrastructures, and waste management systems are boosting the market growth.
Key Industry 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.
- Others
The comprehensive report looks at the micro and macro aspects of the industry. 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.
| 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- Waste Type, Method, Source, Region |
| Breakup by Waste Type | Solid Waste, Special Waste, E-Waste |
| Breakup by Method | Smart Collection, Smart Processing, Smart Disposal |
| Breakup by Source | Residential, Commercial, Industrial |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Covanta Holding Corporation, Veolia Environnement S.A., Republic Services, Inc., Sensoneo j.s.a., BigBelly, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 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 smart waste management market attained a value of nearly USD 2.2 billion in 2021.
The market is projected to grow at a CAGR of 10.87% in the forecast period of 2023-2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 4.3 billion by 2027.
The market is being driven by the advent of advanced digital technology like AI, IoT, and ML, that utilises computerised programmes to manage, recycle, and dispose solid wastes.
The market growth can be associated with the development of smart cities in major economies where smart bins are deployed to effectively manage waste disposal.
The major regional markets for smart waste management are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The waste types of 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 major sources of smart waste management are residential, commercial, and industrial.
The major players in the industry are Covanta Holding Corporation, Veolia Environnement S.A., Republic Services, Inc., Sensoneo j.s.a., and BigBelly, Inc., among others.
Analyst Review
The global smart waste management market attained a value of about USD 2.2 billion in 2021, 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 10.87% in the forecast period of 2023-2028 to reach nearly USD 4.3 billion by 2027.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of waste type, the market can be divided into solid waste, special waste, and e-waste. Based on method, the market can be categorised into smart collection, smart processing, and smart disposal. The market, based on source, can be 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 industry are Covanta Holding Corporation, Veolia Environnement S.A., Republic Services, Inc., Sensoneo j.s.a., and BigBelly, 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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