SMART TRASH BIN PNG FULL VERSION

Key players operating in the market are integrating connective technologies such as RFID tags, sensors, and IoT-based equipment to improve their product portfolios.

SMART TRASH BIN PNG FULL VERSION

is set to dominate the North American region with increased awareness about smart waste management solutions and rising initiatives by the government.Ĭovanta Energy, Republic Services, Veolia North America, BRE SMART Waste, Harvest Power, and Recycle Smart Solutions are some of the key companies profiled in the full version of the report. Data visualization platforms and the deployment of cameras and sensors near trash collection bins let companies/ authorities take appropriate actions and make informed decisions.Owing to these factors, the smart waste management market is anticipated to grow. The emergence of IoT is aiding manufacturers in minimizing operational costs and streamlining waste collection logistics.Technological advancements and innovations in the waste management market such as sensor-based containers, radio frequency identification (RFID), disposal tags and vacuum containers are expected to drive sales in the market during the forecast period.The surging adoption of connective technology-based products under the smart waste management category is expected to bode well for the market.Attributed to these factors, the waste management market is expected to propel during the forecast period. Moreover, they also reduce fuel and service costs. Investing in the smart waste management market can potentially reduce the overall collection and transportation costs significantly by 50%.The growing need for effective waste management in residential buildings, hospitals, commercial spaces, public places, and other institutions is expected to drive the market.

More than 33% of this waste is not managed in an environmentally safe manner. Backed by these reasons, governments and concerned authorities around the world are investing heavily in the smart waste management market.Īccording to the World Bank estimations, nearly 2.01 billion tons of waste are generated every day in the world. Rapid accumulation of solid waste has emerged as a burden on the global economy and the amount is expected to surge in the forthcoming years. The surging development of smart cities across the world is expected to bolster sales in the market, pushing the market size to nearly US$ 5 Bn by 2032. NEWARK, Del, J(GLOBE NEWSWIRE) - The global smart waste management market is estimated to surpass sales of US$ 2 Bn in 2022, expanding at a 20% CAGR over the assessment period of 2022-2032.

Smart trash bin png