Smart waste management technologies are allowing users to cut down costs, and is making garbage collection more tech-savvy. For instance, the OnePlus Corporation— a provider of waste monitoring sensor solutions has added the OnePlus Metro, an ultrasonic trash can sensor, to its product portfolio that notifies users when a waste container is full. Companies in the smart waste collection market are increasing their research in developing platforms that help users easily monitor the capacity of waste containers.
Smart waste collection systems are being leveraged with data analytics that help a business or an organization tract their waste generation. As such, the revenue of public utility is projected to witness aggressive growth in the market for smart waste collection, where the market is estimated to reach a revenue of ~US$ 4.5 Bn by the end of 2027. Thus, having complete visibility of waste containers supports reduction of costs associated with overfilling a dumpster.
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Analysts of Transparency Market Research opine that a significant number of the ever-increasing global population will be staying in smart cities in the coming years. This phenomena is being fueled with the increasing adoption of IoT in the transportation of municipal wastes and disposal of waste using smart waste management systems (SWMS). The smart waste collection market is witnessing a revolution due to the integration of modern technological innovations in smart cities. Ongoing design proposals and concepts engulfing smart waste collection are anticipated to generate value-grab opportunities for companies. As such, the market is expanding with high presence of largely consolidated players accounting to a market stake of ~65% in 2018.
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Smart waste collection is gaining prominence in North America and Europe where the market in both the regions is anticipated for significant growth during the forecast period. Increased research spending on the development of sensors with high-performance batteries is a key focus area for companies in the smart waste collection market.
The smart waste collection market is estimated to advance at a favorable CAGR of ~7% during the forecast period. Novel SWMS are helping government authorities to efficiently monitor the quality of service deployed by smart waste solution companies. However, issues such as non-uniform trash distribution inside waste containers has led to gaps in proposed designs for SWMS solutions for smart waste collection. For instance, an individual might mistakenly dump a huge empty carton in the trash and this can mislead to appear as a full trash level with the help of automatic sensors. Hence, companies in the smart waste collection market are increasing their efficacy in weight-based solutions to address these challenges.
Weight sensors are being highly publicized as a novel solution to address the issue of non-uniform trash distribution in the market for smart waste collection. The integration of advanced compactors that compress wastes in waste containers are further bridging the gap in non-uniform trash distribution.
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Analysts’ Viewpoint
Innovations in solar-powered trash compactors are bolstering the growth of the smart waste collection market. These novel compactors are replacing conventional non-compacting bins and can hold up to eight times more garbage, thus reducing the collection frequency by more than 50%.
SWMS are encouraging local authorities to launch better environmental strategies that are instrumental in enhancing the quality of life for its citizens. However, accidents caused by excessive weights of waste collection trucks pose a challenge for companies. Hence, companies should innovate in weight sensors that facilitate smart hoisting and hauling structures in waste collection trucks. Moreover, cloud platforms are generating value-grab opportunities for companies that provide waste container monitoring and fill-level forecasting to end users.
North America is a developed region and hence, innovations and new technologies are expected to be key trends in the region over the next few years. North America held a prominent share of the global smart waste collection market in 2018. For the same reason, North America is expected to see highest opportunity addition in the smart waste collection market globally, with Europe and Asia Pacific being the next close regions.
Rising government initiatives, strict regulations, and large-scale investments with the emergence of IoT has revolutionized and addressed operational costs for smart waste collection systems and their management across smart cities worldwide. In addition, increasing adoption of the IoT technology that connects a range of smart sensors and devices to monitor and automate city waste management operations is positively impacting the smart waste collection market across the globe.
Adoption of data analytics by waste management firms helps in improving efficiency by supporting them while making on time data-driven waste management decisions. Additionally, increasing adoption of data analytics helps to acquire on-time information about waste generation on the basis of waste collection and management in different locations. Increasing use of data analytics in waste management operations reduces the risk to workers and also improves the efficiency of waste pick-up vehicles.
Smart Waste Collection Market – Segmentation
TMR’s research study assesses the smart waste collection market on the basis of component, system, utility type, and region. The report presents extensive market dynamics and progressive trends associated with different segments, and how they influence the growth prospects of the smart waste collection market.
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1. Preface
1.1. Market Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
2.1. Market Taxonomy - Segment Definitions
2.2. Research Methodology
2.2.1. List of Primary and Secondary Sources
2.3. Key Assumptions for Data Modelling
3. Executive Summary: Global Smart Waste Collection Market
4. Market Overview
4.1. Introduction
4.2. Global Market – Macroeconomic Factors Overview
4.2.1. World GDP Indicator – For Top Economies
4.2.2. Global ICT Spending (US$ Mn), 2013, 2019, 2023 and 2027
4.3. Technology/ Product Roadmap
4.4. Market Factor Analysis
4.4.1. Porter’s Five Forces Analysis
4.4.2. Ecosystem Analysis
4.4.3. PESTEL Analysis
4.4.4. Market Dynamics (Growth Influencers)
4.4.4.1. Drivers
4.4.4.2. Restraints
4.4.4.3. Opportunities
4.4.4.4. Impact Analysis of Drivers and Restraints
4.5. Analysis of Waste Generation, by Region
4.6. Global Smart Waste Collection Market Analysis and Forecast, 2017 - 2027
4.6.1. Market Revenue Analysis (US$ Mn)
4.6.1.1. Historic Growth Trends, 2015-2018
4.6.1.2. Forecast Trends, 2019-2027
4.7. Market Opportunity Assessment – by Region (North America/ Europe/ Asia Pacific/ Middle East & Africa/ South America)
4.7.1. By Component
4.7.2. By System
4.7.3. By Utility Type
4.8. Competitive Scenario and Trends
4.8.1. Smart Waste Collection Market Concentration Rate
4.8.1.1. List of Emerging, Prominent and Leading Players
4.8.2. Mergers & Acquisitions, Expansions
4.9. Market Outlook
5. Global Smart Waste Collection Market Analysis and Forecast, by Component
5.1. Overview and Definitions
5.2. Key Segment Analysis
5.3. Smart Waste Collection Market Size (US$ Mn) Forecast, by Component, 2017 - 2027
5.3.1. Hardware
5.3.2. Software
6. Global Smart Waste Collection Market Analysis and Forecast, by System
6.1. Overview and Definitions
6.2. Key Segment Analysis
6.3. Smart Waste Collection Market Size (US$ Mn) Forecast, by System, 2017 – 2027
6.3.1. Smart Waste Bin Collection System
6.3.2. Smart Fleet Management & Logistic Solution
6.3.3. Smart Waste Recycling System
6.3.4. Cloud Computing ( IoT) Interface
7. Global Smart Waste Collection Market Analysis and Forecast, by Utility Type
7.1. Overview and Definitions
7.2. Key Segment Analysis
7.3. Smart Waste Collection Market Size (US$ Mn) Forecast, by Utility Type, 2017 – 2027
7.3.1. Public
7.3.2. Private
8. Global Smart Waste Collection Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Smart Waste Collection Market Size (US$ Mn) Forecast, by Region, 2017 - 2027
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East & Africa
8.2.5. South America
9. North America Smart Waste Collection Market Analysis and Forecast
9.1. Key Findings
9.2. Smart Waste Collection Market Size (US$ Mn) Forecast, by Component, 2017 - 2027
9.2.1. Hardware
9.2.2. Software
9.3. Smart Waste Collection Market Size (US$ Mn) Forecast, by System, 2017 – 2027
9.3.1. Smart Waste Bin Collection System
9.3.2. Smart Fleet Management & Logistic Solution
9.3.3. Smart Waste Recycling System
9.3.4. Cloud Computing ( IoT) Interface
9.4. Smart Waste Collection Market Size (US$ Mn) Forecast, by Utility Type, 2017 – 2027
9.4.1. Public
9.4.2. Private
9.5. Smart Waste Collection Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017 - 2027
9.5.1. U.S.
9.5.2. Canada
9.5.3. Rest Of North America
10. Europe Smart Waste Collection Market Analysis and Forecast
10.1. Key Findings
10.2. Smart Waste Collection Market Size (US$ Mn) Forecast, by Component, 2017 - 2027
10.2.1. Hardware
10.2.2. Software
10.3. Smart Waste Collection Market Size (US$ Mn) Forecast, by System, 2017 – 2027
10.3.1. Smart Waste Bin Collection System
10.3.2. Smart Fleet Management & Logistic Solution
10.3.3. Smart Waste Recycling System
10.3.4. Cloud Computing ( IoT) Interface
10.4. Smart Waste Collection Market Size (US$ Mn) Forecast, by Utility Type, 2017 – 2027
10.4.1. Public
10.4.2. Private
10.5. Smart Waste Collection Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017 - 2027
10.5.1. Germany
10.5.2. U.K.
10.5.3. France
10.5.4. Rest of Europe
11. Asia Pacific Smart Waste Collection Market Analysis and Forecast
11.1. Key Findings
11.2. Smart Waste Collection Market Size (US$ Mn) Forecast, by Component, 2017 - 2027
11.2.1. Hardware
11.2.2. Software
11.3. Smart Waste Collection Market Size (US$ Mn) Forecast, by System, 2017 – 2027
11.3.1. Smart Waste Bin Collection System
11.3.2. Smart Fleet Management & Logistic Solution
11.3.3. Smart Waste Recycling System
11.3.4. Cloud Computing ( IoT) Interface
11.4. Smart Waste Collection Market Size (US$ Mn) Forecast, by Utility Type, 2017 – 2027
11.4.1. Public
11.4.2. Private
11.5. Smart Waste Collection Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017 - 2027
11.5.1. China
11.5.2. Japan
11.5.3. India
11.5.4. Australia
11.5.5. Rest of Asia Pacific
12. Middle East & Africa (MEA) Smart Waste Collection Market Analysis and Forecast
12.1. Key Findings
12.2. Smart Waste Collection Market Size (US$ Mn) Forecast, by Component, 2017 - 2027
12.2.1. Hardware
12.2.2. Software
12.3. Smart Waste Collection Market Size (US$ Mn) Forecast, by System, 2017 – 2027
12.3.1. Smart Waste Bin Collection System
12.3.2. Smart Fleet Management & Logistic Solution
12.3.3. Smart Waste Recycling System
12.3.4. Cloud Computing ( IoT) Interface
12.4. Smart Waste Collection Market Size (US$ Mn) Forecast, by Utility Type, 2017 – 2027
12.4.1. Public
12.4.2. Private
12.5. Smart Waste Collection Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017 - 2027
12.5.1. United Arab Emirates (U.A.E.)
12.5.2. Saudi Arabia
12.5.3. South Africa
12.5.4. Rest of MEA
13. South America Smart Waste Collection Market Analysis and Forecast
13.1. Key Findings
13.2. Smart Waste Collection Market Size (US$ Mn) Forecast, by Component, 2017 - 2027
13.2.1. Hardware
13.2.2. Software
13.3. Smart Waste Collection Market Size (US$ Mn) Forecast, by System, 2017 – 2027
13.3.1. Smart Waste Bin Collection System
13.3.2. Smart Fleet Management & Logistic Solution
13.3.3. Smart Waste Recycling System
13.3.4. Cloud Computing ( IoT) Interface
13.4. Smart Waste Collection Market Size (US$ Mn) Forecast, by Utility Type, 2017 – 2027
13.4.1. Public
13.4.2. Private
13.5. Smart Waste Collection Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017 - 2027
13.5.1. Brazil
13.5.2. Rest of South America
14. Competition Landscape
14.1. Market Competition Matrix, by Leading Players
14.2. Market Revenue Share Analysis (%), by Leading Players (2018)
15. Company Profiles (Details – Business Overview, Geographical Presence, Key Competitors, Revenue and Strategy)
15.1. Bigbelly Inc.
15.1.1. Business Overview
15.1.2. Geographical Presence
15.1.3. Key Competitors
15.1.4. Revenue and Strategy
15.2. Covanta Holding Corporation
15.2.1. Business Overview
15.2.2. Geographical Presence
15.2.3. Key Competitors
15.2.4. Revenue and Strategy
15.3. Ecube Labs Co., Ltd.
15.3.1. Business Overview
15.3.2. Geographical Presence
15.3.3. Key Competitors
15.3.4. Revenue and Strategy
15.4. Enerkem Inc.
15.4.1. Business Overview
15.4.2. Geographical Presence
15.4.3. Key Competitors
15.4.4. Revenue and Strategy
15.5. IBM Corporation
15.5.1. Business Overview
15.5.2. Geographical Presence
15.5.3. Key Competitors
15.5.4. Revenue and Strategy
15.6. OnePlus Systems, Inc.
15.6.1. Business Overview
15.6.2. Geographical Presence
15.6.3. Key Competitors
15.6.4. Revenue and Strategy
15.7. RecycleSmart Solutions
15.7.1. Business Overview
15.7.2. Geographical Presence
15.7.3. Key Competitors
15.7.4. Revenue and Strategy
15.8. SAP SE
15.8.1. Business Overview
15.8.2. Geographical Presence
15.8.3. Key Competitors
15.8.4. Revenue and Strategy
15.9. Veolia
15.9.1. Business Overview
15.9.2. Geographical Presence
15.9.3. Key Competitors
15.9.4. Revenue and Strategy
15.10. Waste Management, Inc.
15.10.1. Business Overview
15.10.2. Geographical Presence
15.10.3. Key Competitors
15.10.4. Revenue and Strategy
16. Key Takeaways
List of Tables
Table 1: Major Companies in Smart Waste Collection Market
Table 2: Agreement/Product Launch/Partnership/Acquisition in Smart Waste Collection Market
Table 3: Global Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Component, 2017 - 2027
Table 4: Global Smart Waste Collection Market Revenue (US$ Mn) Forecast, by System, 2017 - 2027
Table 5: Global Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Utility Type, 2017 - 2027
Table 6: Global Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Region, 2017 - 2027
Table 7: North America Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Component, 2017-2027
Table 8: North America Smart Waste Collection Market Revenue (US$ Mn) Forecast, by System, 2017 - 2027
Table 9: North America Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Utility Type, 2017 - 2027
Table 10: North America Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Country, 2017 - 2027
Table 11: Europe Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Component, 2017 - 2027
Table 12: Europe Smart Waste Collection Market Revenue (US$ Mn) Forecast, by System, 2017 - 2027
Table 13: Europe Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Utility Type, 2017 - 2027
Table 14: Europe Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Country, 2017 - 2027
Table 15: Asia Pacific Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Component, 2017 - 2027
Table 16: Asia Pacific Smart Waste Collection Market Revenue (US$ Mn) Forecast, by System, 2017 - 2027
Table 17: Asia Pacific Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Utility Type, 2017 - 2027
Table 18: Asia Pacific Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Country, 2017 - 2027
Table 19: Middle East & Africa Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Component, 2017 - 2027
Table 20: Middle East & Africa Smart Waste Collection Market Revenue (US$ Mn) Forecast, by System, 2017 - 2027
Table 21: Middle East & Africa Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Utility Type, 2017 - 2027
Table 22: Middle East & Africa Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Country, 2017 - 2027
Table 23: South America Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Component, 2017 - 2027
Table 24: South America Smart Waste Collection Market Revenue (US$ Mn) Forecast, by System, 2017 - 2027
Table 25: South America Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Utility Type, 2017 - 2027
Table 26: South America Smart Waste Collection Market Revenue (US$ Mn) Forecast, by Country, 2017 - 2027
List of Figures
Figure 1: Global Smart Waste Collection Market Size (US$ Mn) Forecast, 2017–2027
Figure 2: Global Smart Waste Collection Market Revenue Forecast, by Region, 2019–2027
Figure 3: Regional Outline - CAGR, by Region, 2019-2027
Figure 4: GDP (US$ Bn), Top Countries (2014 – 2019)
Figure 5: Top Economies GDP Landscape, 2018
Figure 6: Global ICT Spending (%), by Region, 2019
Figure 7: Global ICT Spending (US$ Bn), Regional Contribution, 2019
Figure 8: Global ICT Spending (US$ Bn), Spending Type Contribution, 2019
Figure 9: Global ICT Spending (%), by Type, 2019
Figure 10: Global Smart Waste Collection Market Historic Growth Trends (US$ Mn), 2015 – 2018
Figure 11: Global Smart Waste Collection Market Y-o-Y Growth (Value %), 2015 – 2018
Figure 12: Global Smart Waste Collection Market Forecast Trends (US$ Mn), 2019 - 2027
Figure 13: Global Smart Waste Collection Market Y-o-Y Growth (Value %), 2019 - 2027
Figure 14: Global Smart Waste Collection Market Opportunity Analysis, by Component (2019)
Figure 15: Global Smart Waste Collection Market Opportunity Analysis, by System (2019)
Figure 16: Global Smart Waste Collection Market Opportunity Analysis, by Utility Type (2019)
Figure 17: Global Smart Waste Collection Market Opportunity Analysis, by Region (2019)
Figure 18: Global Smart Waste Collection Market, by Component CAGR (%) (2019 – 2027)
Figure 19: Global Smart Waste Collection Market, by System CAGR (%) (2019 – 2027)
Figure 20: Global Smart Waste Collection Market, by Utility Type CAGR (%) (2019 – 2027)
Figure 21: Global Smart Waste Collection Market, by Region CAGR (%) (2019 – 2027)
Figure 22: Global Smart Waste Collection Market, by Component, 2019
Figure 23: Global Smart Waste Collection Market, by Component, 2027
Figure 24: Global Smart Waste Collection Market, by System, 2019
Figure 25: Global Smart Waste Collection Market, by System, 2027
Figure 26: Global Smart Waste Collection Market, by Utility Type, 2019
Figure 27: Global Smart Waste Collection Market, by Utility Type, 2027
Figure 28: Global Smart Waste Collection Market, by Region, 2019
Figure 29: Global Smart Waste Collection Market, by Region, 2027
Figure 30: North America Smart Waste Collection Market, by Component, 2019
Figure 31: North America Smart Waste Collection Market, by Component, 2027
Figure 32: North America Smart Waste Collection Market, by System, 2019
Figure 33: North America Smart Waste Collection Market, by System, 2027
Figure 34: North America Smart Waste Collection Market, by Utility Type, 2019
Figure 35: North America Smart Waste Collection Market, by Utility Type, 2027
Figure 36: North America Smart Waste Collection Market, by Country, 2019
Figure 37: North America Smart Waste Collection Market, by Country, 2027
Figure 38: Europe Smart Waste Collection Market, by Component, 2019
Figure 39: Europe Smart Waste Collection Market, by Component, 2027
Figure 40: Europe Smart Waste Collection Market, by System, 2019
Figure 41: Europe Smart Waste Collection Market, by System, 2027
Figure 42: Europe Smart Waste Collection Market, by Utility Type, 2019
Figure 43: Europe Smart Waste Collection Market, by Utility Type, 2027
Figure 44: Europe Smart Waste Collection Market, by Country, 2019
Figure 45: Europe Smart Waste Collection Market, by Country, 2027
Figure 46: Asia Pacific Smart Waste Collection Market, by Component, 2019
Figure 47: Asia Pacific Smart Waste Collection Market, by Component, 2027
Figure 48: Asia Pacific Smart Waste Collection Market, by System, 2019
Figure 49: Asia Pacific Smart Waste Collection Market, by System, 2027
Figure 50: Asia Pacific Smart Waste Collection Market, by Utility Type, 2019
Figure 51: Asia Pacific Smart Waste Collection Market, by Utility Type, 2027
Figure 52: Asia Pacific Smart Waste Collection Market, by Country, 2019
Figure 53: Asia Pacific Smart Waste Collection Market, by Country, 2027
Figure 54: Middle East & Africa Smart Waste Collection Market, by Component, 2019
Figure 55: Middle East & Africa Smart Waste Collection Market, by Component, 2027
Figure 56: Middle East & Africa Smart Waste Collection Market, by System, 2019
Figure 57: Middle East & Africa Smart Waste Collection Market, by System, 2027
Figure 58: Middle East & Africa Smart Waste Collection Market, by Utility Type, 2019
Figure 59: Middle East & Africa Smart Waste Collection Market, by Utility Type, 2027
Figure 60: Middle East & Africa Smart Waste Collection Market, by Country, 2019
Figure 61: Middle East & Africa Smart Waste Collection Market, by Country, 2027
Figure 62: South America Smart Waste Collection Market, by Component, 2019
Figure 63: South America Smart Waste Collection Market, by Component, 2027
Figure 64: South America Smart Waste Collection Market, by System, 2019
Figure 65: South America Smart Waste Collection Market, by System, 2027
Figure 66: South America Smart Waste Collection Market, by Utility Type, 2019
Figure 67: South America Smart Waste Collection Market, by Utility Type, 2027
Figure 68: South America Smart Waste Collection Market, by Country, 2019
Figure 69: South America Smart Waste Collection Market, by Country, 2027
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