Press release
Automatic Waste Collection System Market,2018-2028 by Segmentation Based on Product, Application and Region
Burgeoning focus on environmental and human health continue to remain imperative for automatic waste collection system market as governments and local facilities worldwide are striving to alleviate waste and garbage accumulation. Growing waste-related health and environment concerns are driving public facilities, healthcare centers, laboratories, and other companies to deploy automatic waste collection systems for proper waste management.
Growing challenges related to unabated environmental health calls for a highly efficient and easy-to-use solution for waste collection and recycling, such as automatic waste collection system. Consequently, automatic waste collection systems are gaining increased momentum, owing to their high competency and non-resource intensive functioning.
Automatic waste collection system can revolutionize the waste management in healthcare centers, as they streamline the entire waste cleaning & collection process, leaving the hospitals hygienic for staff, patients, and public. Companies operating in the automatic waste collection system market are eying the untapped opportunities in the waste management industry to grow expand their business.
In today’s technology-driven world that is witnessing a high user preference for rapid and streamline solutions, smart technology can increase the efficiency and enhance the quality of waste collection services. Though the smart waste collection technology is still at a nascent stage, the Internet of Things (IoT)-enabled smart bins & sensors are expected to gain increased traction in the proliferating industrial automation setups. These factors are underpinning significant gains in the automatic waste collection system market.
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Automatic Waste Collection System Market – Overview
Pressing challenges pertaining to environmental health calls for a highly efficient and streamlined solution for collecting and recycling of the waste materials. Automatic waste collection system has been gaining momentum in recent times with its high competency and non-resource intensive functioning.
Governments’ initiatives to fund innovation have attracted the attention of numerous manufacturers, who are striving towards developing state-of-the-art waste collection and management solutions. As a result, the overall growth of automatic waste collection system market is projected to be bullish.
Automatic Waste Collection System Market – Dynamics
Urbanization and Industrialization Collectively to Generate a Dire Demand for the Automatic Waste Collection System
Rising affinity among individuals to shift to urban areas for an elevated lifestyle has directly generated a need for city planning. Growth in the residential areas and the surging quantity of per capita waste are expected to uphold the popularity of the automatic waste collection system in the upcoming years. In addition, undergoing industrial revolution underpinning the development and expansion of industries is predicted to highly contribute to the quantity of waste, which will directly influence the growth of the automatic waste collection system market in the upcoming years.
Europe to Hold a Sizeable Share of the Automatic Waste Collection System Market
A sizeable share of the automatic waste collection systems market is acquired by Europe as the smart solutions have already been adopted by Stockholm, Barcelona, Copenhagen, and London. In addition, high investments on cleanliness, on the back of government initiatives and a large concentration of market partakers in this region contribute to the growing size of the automatic waste collection system market.
Next to Europe, North America is predicted to remain an affluent region for the growth of the automatic waste collection system market as the federal government continues to invest in cleanliness and the development of competent waste collection system.
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Automatic Waste Collection System Market – Restraints
Smart waste collection solutions need a large infrastructure to function in a designated manner. Hesitance among the market participants to invest a hefty amount for the installation of smart trash bins is expected to weigh down the growth of the automatic waste collection system market.
A reluctance among the citizens to let go of customary door-to-door waste collection system and adopt a novel waste collection system will result in the automatic waste collection system market witnessing a subdued growth in the forthcoming years.
Urbanization and Industrialization Collectively to Generate a Dire Demand for the Automatic Waste Collection System
Rising affinity among individuals to shift to urban areas for an elevated lifestyle has directly generated a need for city planning. Growth in the residential areas and the surging quantity of per capita waste are expected to uphold the popularity of the automatic waste collection system in the upcoming years. In addition, undergoing industrial revolution underpinning the development and expansion of industries is predicted to highly contribute to the quantity of waste, which will directly influence the growth of the automatic waste collection system market in the upcoming years.
Europe to Hold a Sizeable Share of the Automatic Waste Collection System Market
A sizeable share of the automatic waste collection systems market is acquired by Europe as the smart solutions have already been adopted by Stockholm, Barcelona, Copenhagen, and London. In addition, high investments on cleanliness, on the back of government initiatives and a large concentration of market partakers in this region contribute to the growing size of the automatic waste collection system market.
Next to Europe, North America is predicted to remain an affluent region for the growth of the automatic waste collection system market as the federal government continues to invest in cleanliness and the development of competent waste collection system.
Automatic Waste Collection System Market – Restraints
Smart waste collection solutions need a large infrastructure to function in a designated manner. Hesitance among the market participants to invest a hefty amount for the installation of smart trash bins is expected to weigh down the growth of the automatic waste collection system market.
A reluctance among the citizens to let go of customary door-to-door waste collection system and adopt a novel waste collection system will result in the automatic waste collection system market witnessing a subdued growth in the forthcoming years.
Automatic Waste Collection System Market: Market Segmentation
Segmentation of automatic waste collection system market can be done on the basis of end users as follows:
Educational Institutions
Healthcare Facilities
Corporate Offices
Hotels / Restaurants
Industries
Other institutions
Automatic Waste Collection System Market: Regional Outlook
Europe holds a significant share in the global automatic waste collection system market. The automatic waste collection system is already installed in some of the major European cities such as London, Copenhagen, Barcelona, and Stockholm. Europe is followed by North America and a high investment from the federal government in waste management ensure further growth of this market over the forecast period. The Middle East is also expected to be one of the most lucrative markets for automatic waste collection system in the forecast period owing to its high investment in cleanliness and effective cleaning systems. Rest of the world is estimated to account for a relatively small share of the global automatic waste collection system market.
Automatic Waste Collection System Market: Market Participants
Some of the examples of the market participants in the global automatic waste collection system market, identified across the value chain are:
Envac AB
STREAM Environment Sdn. Bhd.
Caverion Corporation
Ros Roca
MariCap Oy
Cleantech Group
Logiwaste AB
Dansk Skraldesug ApS
Europa co., Ltd
Automatic Waste Collection System Market – Novel Developments
With an aim to meet the growing waste collection demands of the citizens and cities, some of the significant market participants operating in the automatic waste collection system market such as Europa Co. Ltd., Dansk Skraldesug ApS, Logiwaste AB, Cleantech Group, MariCap Oy, Ros Roca, Caverion Corporation, STREAM Environment Sdn. Bhd., and Envac AB have been narrowing their focus towards developing technologically ahead smart waste collection systems.
In 2018, Envac AB, a player of automatic waste collection system market, developed a vacuum waste collection system that can handle bio-waste, plastic, paper, cardboard, and residual waste. The system boasts the competency to suck the waste to a central point once the amount of waste in the inlets exceed a specific quantity and will be able to handle over 1500 tonnes of waste annually.
In 2017, a Finnish cleantech company, Marimatic Oy developed an RFID based automatic waste collection system, which is relatively safer, hygienic, and environmental-friendly as compared to the pneumatic waste collection system.
In 2018, CleanRobotics partnered with RiverRoad Waste Solutions to develop TrashBot™ that leverages sensors and cameras to scan an item when it enters into a bin. The AI-based bin works at an accuracy rate of 90% and is expected to get better as it learns and redefines itself.
The report covers exhaust analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
Report Analysis@ https://www.factmr.com/report/540/automatic-waste-collection-system-market
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