Hazardous Waste Handling Automation Market to Grow to $46.61 Billion by 2028, Fueled Rising Waste Levels Fuel Demand

The hazardous waste handling automation market size has grown rapidly in recent years. It will grow from $29.98 billion in 2023 to $33 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to stringent environmental regulations, occupational safety and health compliance, increased volume of hazardous waste, cost-efficiency and resource optimization, risk reduction and minimization.

The hazardous waste handling automation market size is expected to see strong growth in the next few years. It will grow to $46.61 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to technological integration in waste management, circular economy and sustainable practices, global industry trends in waste reduction, cross-sector collaborations, public awareness and environmental concerns. Major trends in the forecast period include blockchain for compliance tracking, enhanced emergency response, data analytics for decision-making, collaboration with technology providers, focus on worker safety.

Market Overview -
Hazardous waste handling automation is the process of using technology and automation systems to enhance the management, handling, and disposal of hazardous waste materials. It involves the application of various technologies, including robotics, artificial intelligence (AI), machine learning, sensors, and automation software, to automate and streamline hazardous waste management processes.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=10826&type=smp

Rising Waste Levels Propel Growth In Hazardous Waste Handling Automation Market
The increasing amount of waste is expected to boost the growth of the hazardous waste handling automation market going forward. The rapid rise in population and urbanization has led to an increase in the amount of waste which includes both hazardous and non-hazardous waste. While non-hazardous waste is comparatively easier to dispose of, hazardous waste disposal requires immediate attention. Hazardous waste handling automation ensures safe disposal of this waste, which otherwise could pose a risk to the manual handlers and the environment. For instance, in February 2022, according to an article published by the World Bank, a US-based international organization that provides financing, advice, and research to developing nations, the waste generated in 2020 was estimated to be 2.24 billion tons of solid waste, which amounted to a footprint of 0.97 kilograms of waste per person per day. Furthermore, with the rapid growth of population and urbanization, annual waste generation is set to see an increase of 73%, amounting to 3.88 billion tons by 2050. Therefore, the increasing amount of waste is driving the growth of the hazardous waste handling automation market.

Competitive Landscape -
Major companies operating in the hazardous waste handling automation market report are Hydrauliska Industri AB, Clean Harbors Inc., Konecranes Oyj, Penz Crane GmbH, PaR Systems Inc, Autosales Incorporated., Floatograph Technologies, Pallmann, Hosokawa Micron Powder Systems, Cargotec Corp., Covanta Holding Corp., Orange Business Services, Fritz Schäfer GmbH, Vecoplan AG, BHS-Sonthofen GmbH, Bühler Group, ANDRITZ AG, Komptech Group, Ecolab Inc., Veolia Environnement S.A., SUEZ India Private Limited, Stericycle Inc., Cleanaway Waste Management Limited, Remondis SE & Co. KG, Republic Services Inc., Advanced Disposal Services Inc., Casella Waste Systems Inc., Bigbelly Inc., Fomento de Construcciones y Contratas Environment Limited, Green For Life Environmental Inc., Meridian Waste, Progressive Waste Solutions Ltd., Recology, Rumpke Consolidated Companies Inc.

Product Innovations In Hazardous Waste Handling Automation Market
The advancement of new hazardous waste handling automation products is a key trend gaining popularity in the hazardous waste handling automation market. Companies operating in the hazardous waste handling automation market are adopting new technologies for better handling of hazardous waste management to sustain their position in the market. For instance, in January 2022, Forth Engineering (Cumbria) Limited, a UK-based company that specializes in the design, manufacture, and installation of hazardous waste handling equipment, announced the launch of a robotic arm that imitates the mechanics of a human arm and can be used to remove waste safely and remotely from flammable liquids. The arm enables companies to target specific materials in the hazardous waste and shift them to a designated waste area safely thereby removing the time-consuming process of sifting that was carried out in the end.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/hazardous-waste-handling-automation-global-market-report

Key Segments -
The hazardous waste handling automation market covered in this report is segmented -
1) By Type: Manipulator Arms, Telescoping Masts, Cranes, Trusses, Size Reduction Systems
2) By Waste: Listed Wastes, Characteristic Waste, Universal Wastes, Mixed Wastes
3) By End-User Industry: Manufacturing, Chemical, Energy, Consumer Care, Government, Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.