NEW YORK, March 25, 2021 /PRNewswire/ — Technavio announces the release of its latest report on the smart waste management market. The market is segmented by application (collection, landfill, recovery and recycling, and processing) and geography (Europe, APAC, North America, South America, and MEA). The report offers an in-depth analysis of recent developments, changes in market regulations, product approvals, product launches, and the market behavior across various segments.
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Smart Waste Management Market: Key Findings
- Smart waste management market value to grow by USD 2.26 billion at almost 9% CAGR during 2021-2025
- 33% of market growth to originate from APAC during the forecast period
- Based on the application, the collection segment will offer maximum opportunities for vendors during the forecast period
- Smart waste management market is expected to have a positive impact due to the spread of COVID-19
Smart Waste Management Market: Growth Drivers
Growing industrial waste is one of the prime factors driving the growth of the market. Rapid urbanization and industrialization across the world have significantly increased the production of industrial waste. Besides, the growing stringency of regulations and rising concerns over the environmental impact caused by industrial waste have compelled industrial operators to invest in efficient waste management solutions. These factors are expected to open several opportunities for market vendors during the forecast period.
“Growing investments in smart waste recycling and increasing use of data analytics in waste management operations will further boost market growth during the forecast period”, says a senior analyst at Technavio.
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Smart Waste Management Market: Major Vendors
Bigbelly Inc. operates its business through the Unified segment. The company offers services like keeping public spaces litter free, the collection crews conduct recycling. It works towards zero waste initiative in campuses.
Compology operates its business through the Unified segment. The company offers scrap metal hauling, commercial hauling, and other services.
Contelligent operates its business through the Unified segment. The company offers compactor fullness monitoring device. It is used for optimizing inventory levels, streamlining of routes for fresh oil and other devices.
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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