Press release
Smart Trash Bin Market is expected to reach USD 178.78 billion by 2030: Cognitive Market Research
Smart Trash Bin Market is expected to reach USD 178.78 billion by 2030: Cognitive Market Research
- A smart trash bin is a waste receptacle that is equipped with sensors, connectivity, and other advanced technology to help manage and optimize waste collection and disposal. These bins are designed to automatically detect and sort the type of waste being disposed of, compress the waste to maximize space, and communicate with waste management systems to coordinate efficient waste collection and disposal. They may also have features like automatic lid opening, self-cleaning mechanisms, and the ability to provide data on the amount and type of waste being disposed of. The goal of a smart trash bin is to reduce waste, increase recycling, and make waste management more efficient and sustainable.
Summary:
• The Global Smart Trash Bin Market size is expected to grow from USD 68.21 billion in 2022 to USD 178.78 billion by 2030, at a CAGR of 12.8% during the forecast period.
"To know more about The Smart Trash Bin Market statistics click here: https://www.cognitivemarketresearch.com/smart-trash-bin-market-report
Market Dynamics
- The Smart Trash Bins Market is driven by the need for more efficient, sustainable, and hygienic waste management solutions, along with the technological advancements that make these solutions possible. Moreover, the growing awareness about environmental safety and the need to manage waste are some of the major factors driving the growth of the market.
Market Segmentation:
Capacity
• 8 to 13 gallons
• 14 to 23 gallons
• Above 23 gallons
Based on Capacity, the 14-to-23-gallon segment is anticipated to register a major share. This is attributed to the increasing demand across the commercial sector which requires higher-capacity trash cans to collect waste.
Sales Channel
• Online
• Offline
Based on Sales Channel, the Online segment is anticipated to grow at the fastest rate during the forecast period owing to increasing online shopping. Online shopping is convenient, fast, and easy to purchase.
End-User
• Residential
• Commercial
Based on End-User, the commercial segment accounted for the major market share owing to the strict regulations for efficient waste management across the commercial sector.
Operation
• Automatic
• Semi-Automatic
Compartment
• Single Compartment
• Multi-compartment
The Major Players in Smart Trash Bin Market are:
iTouchless, Nine Stars, Spectrum Brands, Simplehuman, EKO USA, Enevo Oy, Honey Can Do, Home Depot, Modernhome
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Regional Analysis:
- North America is a leading region of the Smart Trash Bin market.
North America accounted for the largest share of the Global Smart Bin Market in the year 2022. This growth is attributed to the presence of a large number of players, increasing technological advancements, increasing focus of manufacturers on developing innovative new products, and growing focus on sustainability and garbage reduction.
News:
- CleanRobotics Launched New Interactive Content Feature for TrashBot
in February 2023, Recycling tech startup CleanRobotics announced new features in its autonomous waste-sorting bin, TrashBot, that will enable it to deliver custom content in response to users throwing away waste.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Smart Trash Bin Market
• 3.1 Global Smart Trash Bin Market Size 2018 - 2030, (USD Million)
• 3.2 Global Smart Trash Bin Value, Absolute & Opportunity Analysis
• 3.3 Global Smart Trash Bin Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Smart Trash Bin Market Statistics 2022: Snapshot
Chapter 4 Global Smart Trash Bin Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Smart Trash Bin Market by Capacity Segmentation Analysis (2018-2030)
Chapter 10 Global Smart Trash Bin Market by Sales Channel Segmentation Analysis (2018-2030)
Chapter 11 Global Smart Trash Bin Market by End-User Segmentation Analysis (2018-2030)
Chapter 12 Global Smart Trash Bin Market by Operation Segmentation Analysis (2018-2030)
Chapter 13 Global Smart Trash Bin Market by Compartment Segmentation Analysis (2018-2030)
Chapter 14 Global Smart Trash Bin Market Regional Analysis
Chapter 15 North America Smart Trash Bin Market Outlook (2018 - 2030)
Chapter 16 Europe Smart Trash Bin Market Outlook (2018 - 2030)
Chapter 17 Asia Pacific Smart Trash Bin Market Outlook (2018 - 2030)
Chapter 18 Latin America Smart Trash Bin Market Outlook (2018 - 2030)
Chapter 19 Middle East and Africa Smart Trash Bin Market Outlook (2018 - 2030)
Chapter 20 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Smart Trash Bin Market TOC click here: https://www.cognitivemarketresearch.com/smart-trash-bin-market-report#table_of_contents
Related Reports:
• Waste Management Market - https://www.cognitivemarketresearch.com/waste-management-market-report
• Smart Waste Management Market - https://www.cognitivemarketresearch.com/smart-waste-management-market-report
Liquid Waste Management Market - https://www.cognitivemarketresearch.com/liquid-waste-management-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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