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According to our latest market study on “Automated Waste Collection System Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Stationary and Mobile); End-user (Airports, Educational Institutions, Hospitals, Corporate Offices, Hotels / Restaurants, and Others), the market was valued at US$ 234.88 million in 2020 and is projected to reach US$ 365.37 million by 2028; it is expected to grow at a CAGR of 5.9% from 2021 to 2028. Increasing emphasis on proper garbage and waste pile disposal to protect human health and environment, and rising number of initiatives for greener and cleaner surroundings, accompanied with the rising smart city projects, are fueling the automated waste collection systems market growth. Rapid growth in the residential sector, as well as expansion of various industries, has resulted in an increase in per capita waste, which support the proliferation of automated waste collection systems industry. According to the data published by the World Bank Group, the average amount of waste produced across the world every year is ~2.02 billion tons, of which 33% is not managed in an environmentally safe manner. To manage such waste more effectively, the adoption of automatic waste collection and management systems is likely to rise in the coming years. On the other hand, the high cost of these system is decelerating the growth of the market.
Automated Waste Collection SystemMarket in APAC to Grow at Highest CAGR during Forecast Period
The developments of smart cities in India and digitalization of industries are influencing the adoption of automated solutions across all verticals including waste management. Moreover, rapid urbanization across the region has led to an increase in municipal waste generation. In recent years, electronic waste and plastic waste have added significantly to the overall waste stream. Untreated waste is dumped in random locations in the outskirts of towns and villages, contaminating groundwater and polluting the air. As a result, there is a growing need to find blind spots in waste collection and transportation to increase efficiency. Thus, these factors are influencing the need for automated waste collection and management systems across the region.
Key Findings of Study:
Governments and businesses are looking for ways to use emerging technologies such as smart sensors, the Internet of Things (IoT), and cloud systems to improve the collection rate of different waste types. New solutions for smart waste management have recently been implemented as a part of the development and deployment of smart city projects and networks. The smart waste management technology is still in its infancy. Smart waste collection bins with ultrasonic sensors attached to calculate the amount of empty space can be found across the globe. It is anticipated to use a sensor gateway based on the long-range wide-area network (LoRaWAN) protocol, as well as cloud services for data collection, analysis, and visualization of wastes. For instance, Vangelista and Zanella presents an IoT platform solution for a smart city, where the devices are expected to study environmental parameters, such as CO level, air temperature, humidity, vibrations, noise, and waste produced. Thus, the rising initiatives to automate waste collection, coupled with the growing need for its proper analysis and data collection through integration with government smart city platforms, is expected to fuel the growth of the global automated waste collected system market.
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