Automated Waste Collection System Market to Witness Highest CAGR Growth of 5.9% By 2028

The Automated Waste Collection System 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% during 2021-2028. The key factor driving the automated waste collection system market is the government initiatives for proper disposal of waste. Government bodies across the world have imposed rules and regulations for the collection and segregation of waste. For instance, the Government of India has specified new solid waste management rules emphasizing on the segregation of waste at source. The new regulations require waste to be separated at the source to channel it into capital through recovery, reuse, and recycling.

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Automated Waste Collection System Market Company Profiles Analysis:

• Aerbin APS
• AMCS Group
• Caverion Corporation
• Envac AB
• Logiwaste AB
• Marimatic OY
• MEIKO
• EVAC GmbH
• MBAT
• Stream Environment

Impact of COVID-19 Pandemic on Automated Waste Collection System Market

The automated waste collection system manufacturers across the globe, however experienced limited tremors as the regional and local governments encouraged municipalities and private organizations to invest toward smart and intelligent waste or garbage collection and sorting solutions. As the residential waste volumes increased substantially, the demand for automated waste collection systems among the residential sector soared. However, due to disruption in supply chain caused by the limitation of human movements, it resulted in slower deployment and installation of the AWCS in both developed and developing countries such as the US, Canada, the UK, Italy, and China. This followed slower than usual revenue growth trend in the global automated waste collection systems market

Market Segmentation:

By Product Type (Stationary and Mobile); End-user (Airports, Educational Institutions, Hospitals, Corporate Offices, Hotels/ Restaurants, and Others), and Geography

Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Automated Waste Collection System Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

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Essential points covered in Global Automated Waste Collection System Market 2022 Research are:-

1 What will the market size and the growth rate be in 2028?
2 What are the key factors driving the global Automated Waste Collection System Market?
3 What are the key market trends impacting the growth of the global Automated Waste Collection System Market?
4 What are the challenges to market growth?
5 Who are the key vendors in the global Automated Waste Collection System Market?
6 What are the market opportunities and threats faced by the vendors in the global Automated Waste Collection System Market?
7 Trending factors influencing the market shares of the Americas, APAC, and EMEA.
8 What are the key outcomes of the five forces analysis of the Global Automated Waste Collection System Market?

Rising Investments in Integration of Automatic Waste Collection Systems

Automated waste collection systems are being highly preferred across healthcare institutions. The waste management and collection systems transfer materials at 60 miles per hour through a sealed, dedicated pipe network from loading stations on patient floors to a central collection operation. Separate paths are used to move waste, compost, and soiled linen to the appropriate collection bins. This is leading to the rise in investments in automatic collection technologies in industries such as hospitality, healthcare, and retail. For instance, Logiwaste AB has supplied three different automatic waste collection systems to Karolinska Hospital, Stockholm. These systems are projected to manage four different type of waste, namely, residual waste, paper, plastic, and paper packaging. Logiwaste AB has also won contracts from Tiller Öst, Trondheim; Karlstad Central Hospital; Grilstad Marina, Trondheim; and China Life, Beijing, to supply AWCS. Similarly, Atreo has received projects for supplying AWCS to Parkland Hospital, Humber River Hospital, Brigham and Women's Hospital, and the University of Texas Southwestern Medical Center, among others. Thus, the rising investments by organizations from different industries, especially healthcare, to implement automatic waste collection and management systems is expected to fuel the growth of the market in the coming years.

Frequently Asked Questions

Which factor is driving the Automated waste collection system market?
Which product type led the Automated waste collection system market?
What factors are providing opportunities for automated waste collection system market?

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