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The smart waste collection market is estimated to advance at a favorable CAGR of ~ 7% during the forecast period. Weight-based Solutions Address Issues of Non-uniform Trash Distribution
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Increased research spending on the development of sensors with high-performance batteries is a key focus area for companies in the smart waste collection market. Smart waste collection is gaining prominence in North America and Europe where the market in both the regions is anticipated for significant growth during the forecast period. To understand how our report can bring difference to your business strategy, Ask for a brochure As such, the market is expanding with high presence of largely consolidated players accounting to a market stake of ~ 65% in 2018. Ongoing design proposals and concepts engulfing smart waste collection are anticipated to generate value-grab opportunities for companies. The smart waste collection market is witnessing a revolution due to the integration of modern technological innovations in smart cities. This phenomena is being fueled with the increasing adoption of IoT in the transportation of municipal wastes and disposal of waste using smart waste management systems (SWMS). Request a sample to get extensive insights into the Smart Waste Collection Market Companies Eye Untapped Business Potentials in Smart CitiesĪnalysts of Transparency Market Research opine that a significant number of the ever-increasing global population will be staying in smart cities in the coming years. Thus, having complete visibility of waste containers supports reduction of costs associated with overfilling a dumpster. As such, the revenue of public utility is projected to witness aggressive growth in the market for smart waste collection, where the market is estimated to reach a revenue of ~ US$ 4.5 Bn by the end of 2027. Smart waste collection systems are being leveraged with data analytics that help a business or an organization tract their waste generation. Companies in the smart waste collection market are increasing their research in developing platforms that help users easily monitor the capacity of waste containers. For instance, the OnePlus Corporation- a provider of waste monitoring sensor solutions has added the OnePlus Metro, an ultrasonic trash can sensor, to its product portfolio that notifies users when a waste container is full. Smart waste management technologies are allowing users to cut down costs, and is making garbage collection more tech-savvy. Futuristic Innovations Generate Revenue Streams in Smart Waste Collection Market