Press release
Meticulous Research® Predicts Smart Waste Management Market to Surpass $12.6 Billion by 2031
[Redding, California, March 19, 2024] - Meticulous Research®, a leading market intelligence provider, has unveiled an exclusive report titled "Smart Waste Management Market by Offering, Function, Application, and Geography - Global Forecast to 2031." This insightful report forecasts the global smart waste management market to achieve a remarkable valuation of $12.6 billion by 2031, exhibiting a robust CAGR of 17.3% during the period 2024-2031.Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5063
Smart waste management, an advanced approach to waste handling and collection, integrates IoT technology to offer invaluable insights into waste generation patterns and behavior. By leveraging real-time data, smart waste management systems empower municipalities, cities, and waste collectors to optimize their operations, enhance sustainability, and make informed decisions. These systems play a pivotal role across various sectors including residential & municipal, industrial, commercial, construction, energy, and water supply & sewage treatment.
Market Drivers and Challenges:
The growth of the smart waste management market is fueled by the increasing adoption of IoT-integrated solutions and the growing environmental concerns surrounding waste management practices. However, challenges such as the high cost of network infrastructure in developing regions and non-uniform waste distribution pose hurdles to market expansion. Nevertheless, the surge in smart city initiatives globally and ongoing technological advancements in waste management devices are poised to unlock new avenues for market growth.
Browse in depth @ https://www.meticulousresearch.com/product/smart-waste-management-market-5063
Segment Insights:
The global smart waste management market is segmented by offering (solutions [fleet management, network management, data analytics & advanced reporting, remote monitoring, and asset management] and services [professional services and managed services]), function (smart waste collection, smart waste processing, smart waste disposal, and smart waste to energy recovery), and application (residential & municipality, industrial, commercial, construction & demolition, energy, and water supply & sewage treatment). The study also evaluates industry competitors and analyzes the market at geographical levels.
Based on offering, the solutions segment is anticipated to hold a significant market share in 2024, driven by a heightened focus on technology development to enhance customer experiences and meet the demand for cost-effective monitoring and management devices.
Based on Function, the smart waste disposal segment is expected to lead the market in 2024, owing to its role in minimizing unnecessary trips, cost savings, and emission reduction. However, the smart waste to energy recovery segment is projected to witness the highest CAGR during the forecast period, driven by the increasing adoption of waste-to-energy solutions.
Quick Buy - Smart Waste Management Market - Global Opportunity Analysis and Industry Forecast (2024-2031), Research Report: https://www.meticulousresearch.com/Checkout/80201857
Based on application, the residential & municipality segment is set to dominate the market in 2024 and is expected to register the highest CAGR. This growth can be attributed to the rising need to reduce infrastructure costs, coupled with growing environmental concerns and escalating waste volumes from various sources.
Regional Outlook:
North America is poised to hold the largest market share in 2024, driven by the widespread adoption of data analytics and machine learning in waste management and government initiatives promoting smart city development. Conversely, the Asia-Pacific region is projected to exhibit the highest CAGR during the forecast period, fueled by the growing demand for real-time monitoring solutions, rapid urbanization, and increased focus on waste sorting and recycling initiatives.
Leading Market Players:
Key players in the smart waste management market include SUEZ Smart Solutions, Veolia Environnement SA, Enevo Inc., Waste Management Holdings Inc., and others. These companies are continuously innovating and expanding their product portfolios to maintain their competitive edge in the market.
Top 10 Companies: https://meticulousblog.org/top-10-companies-in-smart-waste-management-market/
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Meticulous Research® Predicts Smart Waste Management Market to Surpass $12.6 Billion by 2031 here
News-ID: 3436616 • Views: …
More Releases from Meticulous Research®
Nutraceutical Products Market: Growth Trends and Future Outlook to 2030| Meticul …
The nutraceutical products market is witnessing steady and significant growth, driven by a rising awareness of health, nutrition, and disease prevention. Between 2023 and 2030, the market is projected to expand at a compound annual growth rate of 7.8%, ultimately reaching a value of $691.87 billion by the end of the forecast period. This growth reflects a major shift in consumer mindset, as individuals increasingly seek products that offer both…
Global Feed Additives Market Outlook: Trends, Growth Drivers, and Regional Insig …
The way we feed our livestock is changing, and feed additives are at the heart of that transformation. Over the next decade, the global feed additives market is expected to surpass $51 billion, fueled by rising demand for meat and dairy products, concerns over animal health, and a push toward more sustainable farming practice. Farmers today are no longer just feeding animals they are strategically nourishing them to improve growth,…
Global Home Medical Equipment Market: Trends, Insights, and Forecast to 2030 | M …
The home medical equipment market is growing steadily and is projected to reach nearly $63 billion by 2030. These devices are designed to help people manage their health at home, allowing patients to remain independent while receiving the care they need. From respiratory devices to mobility aids, these products make it possible for individuals to maintain a better quality of life without relying entirely on hospital care. They are especially…
Global Membrane Filtration Technologies Market: Trends, Growth Drivers, and Regi …
The membrane filtration technologies market is steadily expanding, with expectations to hit $22.2 billion by 2030. Over the past few years, industries and municipalities alike have faced increasing pressure to manage water more efficiently. Water scarcity, environmental regulations, and operational needs have created a situation where traditional water treatment methods are no longer sufficient. Businesses are turning toward membrane filtration technologies as a solution that offers both reliability and precision.
Water…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
