Smart Waste Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Efficient application of technology for management of waste has rendered a few innovative solutions for smart waste management. In times when arable and livable land is depleting due to population explosion and excess urbanization, it is imperative that it is not wasted for landfill. Furthermore, the growing concerns pertaining to the environmental hazards of landfilling and incorrect disposal of waste have also initiated a movement for smarter ways of disposing of waste.

The researchers have studied the global smart waste management market with a microscopic view. The research report includes a SWOT analysis to highlight the strengths, weaknesses, opportunities, and threats influencing the segments of the global market. Additionally, it also uses a Porter’s five forces analysis that helps in determining the threat of new entrants, bargaining power of buyers and suppliers, and the intensity of the competitive rivalry. The historical developments in the global market have also been studied by research analysts and compared with the current market situation to map a clear trajectory of the global smart waste management market for the coming years.

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Smart Waste Management Market: Trends and Opportunities

The global smart waste management market is thriving against the backdrop of evolving technologies that are delivering efficient results. The economic benefits of smart waste management are anticipated to be the driving force behind the rapid progress of the global market. Owing to these reasons, industrial bodies, municipalities, and several other waste management companies are opting for smart waste management ways. The market includes processes such as collection of waste, processing it, recycling it or recovering useful entities from it, and its efficient disposal.

The adoption of technologies such as global positioning systems-enabled (GPS), routing, radio frequency identification (RFID), fuel switching, and pneumatic tubes are seen in smart ways of waste disposal. Currently, mechanical and biological treatments are being deployed in smart waste management in conjunction with refuse-derived fuel production facilities and advanced recovery facilities. The research indicates that companies will aim towards extracting energy from various types of waste materials in the near future as a plan for sustainable development of this market.

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Smart Waste Management Market: Region-wise Outlook

Geographically, the global smart waste management market has been segmented into Latin America, North America, Western Europe, Eastern Europe, the Middle East and Africa, and Asia Pacific. Europe and North America are collectively leading the global market due to supportive government regulations. Furthermore, growing investments in developing novel ways to manage waste and research of efficient waste management technologies have also played a crucial role in the progress of these regional markets. 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.

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.

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Key Players Mentioned in the Report are:

The key players operating in the global smart waste management market are RecycleSmart Solutions, Veolia North America, Covanta Energy, Republic Services, Suez Environment, Bigbelly, Harvest Power, and Enerkem.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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