Smart Waste Management Market Share 2022: Growth, Top Companies Overview, Industry Size And Forecast Report to 2027

Market Overview 2022-2027

The latest research study “Smart Waste Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global smart waste management market reached a value of US$ 1.95 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.63 Billion by 2027, exhibiting a CAGR of 14.40% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Definition and Application:

Smart waste management entails the usage of the internet of things (IoT) equipped with smart waste sensors to advance the process of waste collection, lessen the number of overflowing bins and manage resources in cities. It is a vital part of the smart city ecosystem, which diminishes dispensable expenses due to operational insufficiencies in the trash collection processes. It also aids in detecting temperature, location, and fill level in real-time to plan optimal collection routes that save fuel and manpower. As a result, it finds application in residential, industrial and commercial sectors across the globe.

Global Smart Waste Management Market Trends and Drivers: 

The evolution of smart cities, and the complications in waste collection, processing, and management, represent the primary factors driving the market. Additionally, the rising awareness about the advantages of smart waste management, including optimization, intelligent monitoring and analytics, is positively influencing the market growth. Besides this, smart waste management assists in diminishing accidents during the collection of waste, such as injuries by the glass, contaminated needles, and medical wastes. This, along with several initiatives undertaken by governments and local authorities of various nations on smart waste management and the usage of sensor technologies worldwide, is also propelling the market growth. Apart from this, the emphasis of organizations on worker safety due to the rigid regulatory bodies, growing industrialization and urbanization, and the increasing need for reprocessing and recycling waste efficiently are some of the other factors that are creating a positive market outlook.

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Smart Waste Management Market Report Scope
Report Coverage Details
Market size value in 2021 US$ 1.95 Billion
Market forecast in 2027 US$ 4.63 Billion
Growth Rate CAGR of 14.40% from 2022 to 2027
Base year for estimation 2021
Historical data 2016-2021
Forecast period 2022-2027
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Component, Waste Type, Method, Source and Region
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiled Bigbelly Inc., Bin-e, Ecube Labs Co. Ltd., Enevo (REEN AS), Evreka, GreenQ Ltd., Pepperl+Fuchs SE, RecycleSmart Solutions, Rubicon Technologies LLC, Sensoneo, Suez SA and Veolia Environnement S.A.
Market Dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization preview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Component:

  • Solution
  • Fleet Management
  • Remote Monitoring
  • Data Analytics and Advanced Reporting
  • Network Management
  • Asset Management
  • Services
  • Professional Services
  • Managed Services

Breakup by Waste Type:

  • Solid
  • Special
  • E-Waste

Breakup by Method:

  • Smart Collection
  • Smart Processing
  • Smart Disposal
  • Smart Energy Recovery

Breakup by Source:

  • Residential
  • Commercial
  • Industrial

By Geography:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

List of Major Key Players:

The major players in the market are Bigbelly Inc., Bin-e, Ecube Labs Co. Ltd., Enevo (REEN AS), Evreka, GreenQ Ltd., Pepperl+Fuchs SE, RecycleSmart Solutions, Rubicon Technologies LLC, Sensoneo, Suez SA and Veolia Environnement S.A.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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