The Smart Waste Management Market is Predict to reach USD 6.5 Billion by 2031, at a CAGR of 15.3%

Smart Waste Management Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Smart Waste Management Market size is expected to reach $6.5 billion by 2031, rising at a market growth of 15.3% CAGR during the forecast period. Smart waste management refers to integrating advanced technologies into traditional systems to enhance efficiency, effectiveness, and sustainability. It leverages Internet of Things (IoT) devices, data analytics, artificial intelligence (AI), machine learning (ML), and other modern technologies to optimize waste collection, transportation, processing, and disposal. The primary goals of smart waste management are to reduce operational costs, minimize environmental impact, and improve the overall management of waste.

The Residential segment is registering a CAGR of 14.8 % during the forecast period. The high volume of daily household waste, necessitating efficient management solutions, primarily drives this growth. Adopting IoT-enabled smart bins with real-time monitoring sensors has optimized waste collection schedules, reducing operational costs and environmental impact.

The Smart Collection segment led the Global Smart Waste Management Market by Method in 2023; thereby, achieving a market value of $3.4 billion by 2031. The widespread adoption of IoT-enabled sensors and advanced route optimization software drives this growth. These technologies enable real-time monitoring of waste levels and efficient waste collection scheduling, reducing operational costs and environmental impact.

The Solid Waste segment is growing at a CAGR of 14.8 % during the forecast period. Solid waste is the most commonly generated waste produced daily by households, businesses, and industries. The sheer volume of solid waste necessitates efficient management solutions to handle collection, transportation, and disposal processes.

Full Report: https://www.kbvresearch.com/smart-waste-management-market/

The North America region dominated the Global Smart Waste Management Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.2 billion by 2031. The Europe region is anticipated to grow at a CAGR of 14.9% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 15.9% during (2024 - 2031).

List of Key Companies Profiled

• Sensoneo j.s.a.
• Reworld Waste, LLC
• Redwave (BT-Wolfgang Binder GmbH)
• Suez S.A.
• Ecube Labs
• Big Belly Solar, Inc.
• Waste Management, Inc.
• Republic Services, Inc. (Cascade Investment Group, Inc.)
• Veolia Environnement S.A.

Smart Waste Management Market Report Segmentation

By Source

• Residential
• Industrial
• Commercial

By Method

• Smart Collection
• Smart Processing
• Smart Disposal

By Waste Type

• Solid Waste
• E-Waste
• Special Waste

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Smart Waste Management Market Size Report 2031

• June-2024
• 86 Pages

LAMEA Smart Waste Management Market Size | Analysis 2031

• June-2024
• 95 Pages

Europe Smart Waste Management Market Size | Forecast - 2031

• June-2024
• 96 Pages

Asia Pacific Smart Waste Management Market Size, Trend 2031

• June-2024
• 96 Pages