Intelligent Waste Management Systems Market
May 11, 2020, 08:20 ET
NEW YORK, May 11, 2020 /PRNewswire/ --
Report Scope:
The intelligent waste management system market is segmented into the follow categories -
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- By type of waste: Liquid waste, solid waste, organic waste, recyclable waste, hazardous waste.
- By source of waste: Industrial, healthcare, domestic, hospitality, electronics, others.
- By type of treatment: Chemical treatment, biological treatment, landfill, others.
- By type of component: Hardware—sensors, bins, machinery; software - waste notification software, Fleet monitoring software, waste separation software, DBMS.
- By region: North America is segmented into the U.S., Canada and Mexico; Europe is segmented into the U.K., France, Germany and Rest of Europe; the U.K. is further segmented into England, Wales, Scotland and Northern Ireland; Asia-Pacific (APAC) is segmented into China, Japan and India; and the Rest of the World (ROW).
Report Includes:
- 82 tables
- An overview of global market for Intelligent Waste Management Systems (IWMS)
- Analyses of market trends, with data from 2019, estimates for 2020 and projections of compound annual growth rates (CAGRs) through 2025
- Assessment of current market size, market forecast, and explanation of major drivers, restraints, key developments and future outlook of the IWMS
- Characterization and quantification of IWMS market based on waste type, source, treatment, component and region
- Insights into government concerns and initiatives towards waste disposal
- Market share analysis of the leading suppliers of the industry and their detailed company profiles including Covanta Holding Corp., IBM, Sensoneo, Suez Environmental Services, Tata Consultancy Services, Veolia Environmental Services
Summary:
Over the past few years, the population across the globe has shown considerable growth, which in turn leads to more waste disposal.So, a proper waste management system is necessary to avoid spreading some deadly diseases and to save the overall demographic system.
To avoid such a situation, IoT-based Waste Management Systems have been introduced in smart cities across the globe.According to the planned system, multiple waste bins had been deployed across the cities and are linked with an embedded structure.
This helps in tracking waste levels in different waste bins according to their placed unique IDs. This will help the government organization or tracking organization to collect waste on time
without any delay.
This happens due to interconnectivity of the embedded system with nearby small data centers and efficient alarmed systems which are integrated to the smartphones or the specialized devices of the waste collector, as well as the monitoring officer.A Smart Waste Management System is a 24/7 monitoring system which is designed for monitoring dumpsters.
The ultrasonic sensor is used for measuring the level of waste in the garbage bin and the IR sensor and moisture sensor are used for separating wet and dry waste into two separate containers. This system provides an effective solution to the waste management problem.
According to our analysis, smart waste management helps in reducing the overall cost of collection and transportation by more than REDACTED%.This is because of timely information and the correct place from where different types of waste need to be collected.
This helps them to denote the place of waste generation from public places, residential buildings, hospitals and other institutions. Different technologies, such as vacuum containers, radio frequency identification (RFID) disposal tags and sensor containers, are used for providing real-time fill positions and overall assessments of different types of waste. Efficient and proper management of different types of waste through the overall integrated
system can help in minimizing many problems related to climatic changes, environmental pollution and public health. Recent endemic diseases such as the coronavirus have impacted the waste management market in a positive manner. People across the world are becoming more cautious about the disposal of products which are hazardous as well as nonhazardous.
More than REDACTED% of waste volume is expected to be generated from Asia Pacific, primarily in emerging economies such as China and India.The growing volume of e-waste is a major concern at the global level.
Planned and efficient waste management technologies such as cloud management structure, RFID and gasification of hazardous substances with proper care are the driving factors for IWMS market across developed economies. However, due to the huge cost of implementation during setup, service and maintenance across developing nations such as China and India will be a major challenge for the IWMS market in c oming few years.
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