Dublin, Aug. 21, 2024 (GLOBE NEWSWIRE) -- The "Smart Waste Management - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Smart Waste Management was estimated at US$2.4 Billion in 2023, and is projected to reach US$5.6 Billion by 2030, growing at a CAGR of 13.2% from 2023 to 2030.
The growth in the smart waste management market is driven by several factors. Firstly, the increasing volume of waste generated by growing urban populations necessitates more efficient and sustainable waste management solutions. Secondly, the advancement of IoT and AI technologies is enabling the development of more sophisticated and effective waste management systems.
Additionally, regulatory pressures and environmental policies aimed at reducing landfill use and promoting recycling are encouraging the adoption of smart waste management practices. The rising public awareness and demand for environmentally friendly solutions are also playing a significant role, as consumers and businesses seek to minimize their environmental footprint.
Furthermore, investments in smart city initiatives globally are providing substantial opportunities for the integration of smart waste management systems into urban infrastructure. Finally, the cost savings associated with optimized waste collection and processing, along with the potential for generating revenue through improved recycling rates, are making smart waste management an attractive option for municipalities and private enterprises alike.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Solid Waste Management segment, which is expected to reach US$3.3 Billion by 2030 with a CAGR of a 13.9%. The Special Waste Management segment is also set to grow at 12.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $641.0 Million in 2023, and China, forecasted to grow at an impressive 17.8% CAGR to reach $1.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Smart Waste Management Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Big Belly Solar, LLC, Bine sp. z o. o., Ecube Labs, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 278 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $2.4 Billion |
| Forecasted Market Value (USD) by 2030 | $5.6 Billion |
| Compound Annual Growth Rate | 13.2% |
| Regions Covered | Global |
Key Topics Covered:
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Smart Waste Management - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
- Big Belly Solar
- Bine sp. z o. o.
- Ecube Labs
- Evreka
- Nordsense, Inc.
- Pepperl+Fuchs Inc.
- RealPage, Inc.
- Republic Services, Inc.
- Rubicon Technologies
- Sensoneo j.s.a.
- Suez SA
- Urbiotica
- Veolia Environnement
- Waste Harmonics
- Waste Management, Inc.
3. MARKET TRENDS & DRIVERS
- Increasing Urbanization and Waste Generation Drives Market Growth
- Technological Innovations in Waste Management Solutions Propel Demand
- Adoption of IoT and Smart Sensors in Waste Management Expands Opportunities
- Government Regulations and Policies on Waste Management Strengthen Market
- Focus on Sustainability and Circular Economy Drives Market Development
- Rising Public Awareness About Waste Reduction Enhances Market Appeal
- Integration of Data Analytics and Real-Time Monitoring Spurs Innovation
- Growing Investment in Smart City Projects Expands Market Scope
- Emphasis on Efficient Resource Utilization Propels Market Growth
- Development of Automated and Robotic Waste Management Solutions Enhances Appeal
- Increasing Use of Renewable Energy in Waste Management Sustains Growth
- Expansion of E-Waste Management and Recycling Market Generates Demand
- Focus on Reducing Carbon Footprint and Emissions Strengthens Market Position
For more information about this report visit https://www.researchandmarkets.com/r/lpept0
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