Adoption of AI & IoT in creating automatic waste collection systems is expected to make waste collection process simple and is expected to boost the market by 8.9% CAGR by 2032
United States, Rockville MD, July 26, 2022 (GLOBE NEWSWIRE) -- Fact.MR – A Market Research and Competitive Intelligence Provider: The global automated waste collection system is currently valued at US $ 286.4 Million. This is expected to increase at a CAGR of 8.9% to reach a market value of US$ 671.9 Million by 2032.
Municipalities in many countries have now shifted to automatic waste collecting systems, replacing the manual way of collecting trash. Moreover, automated waste collection systems offer various several environmental and operational advantages. In addition to this, increasing awareness regarding environmental care is expected to boost the growth of the market. Other factors such as rising population and industrialization are leading to high rise in volume of waste across the globe.
Also, use of artificial intelligence and IoT in waste automation systems is expected to boost the growth of the market. Artificial intelligence and robotics will help separate garbage and will make the job simpler and less time consuming.
For Critical Insights on this Market, Request for Brochure at:
https://www.factmr.com/connectus/sample?flag=S&rep_id=540
Besides this, many key players are focusing on creating apps to spread awareness about automatic waste collection systems. Moreover, these apps help users in knowing how much waste they are producing. Also, rise in debris across cities is pushing many players to use hi-tech solutions to address this issue.
Europe has dominated the market, as it comprises of 24% of the share of the global market. Automatic waste collection points are already put in major European regions like London, Barcelona, and Copenhagen.
Residential waste collection systems account for the maximum share of Automatic Waste Collection Systems market.
Large quantity of debris collected in major cities is driving the demand for automatic waste collection systems in residential sector. Moreover, architects, planners, and developers are launching debris management solutions.
Meanwhile, commercial sector is also expected to boost the growth of the market during forecast period. Increasing availability of commercial space in various countries such as China and India will boost the segment’s growth.
Rapid use of AI & IoT to separate garbage is expected to boost the growth of the market during forecast period.
North America is expected to contribute to the growth of the market due to US government’s investment and it’s high interest in mantaining nation clean and free of dangers.
Public’s reluctance to adopt smart bins is acting as a restraint for the growth of the market. Moreover, many people find it difficult to break their old habits of collecting garbage manually.
Lack of significant investments is expected to act as a restraint for the market growth. Moreover, tanks and process vessels require significant investments for anaerobic digestion and hence turn out to be challenging to implement a process at commercial scale.
To Gain In-Depth Insights on Automatic Waste Collection System Market
https://www.factmr.com/connectus/sample?flag=RC&rep_id=540
Automated waste collection systems manufacturers are focusing on new product development and upgrading it with robotics and artificial intelligence. Market is highly consolidated and top manufacturers in the landscape hold around 25% to 30% of the market share. For instance,
Clean Robotics offers smart trash bin robots to solve landfill waste problems. These smart bins help in sorting recyclables from landfill wastes and are based on advanced IoT and AI technology.
Dansk SkraldesugApS offers Central Waste System, product that applies to multi-story buildings. This center contains a waste tank that is wired with pipes and each pipe is attached to sanitary storage bins.
Key Companies Profiled by Fact.MR
More Valuable Insights on Waste Automation Systems Market
In its recent study, Fact.MR reveals factors influencing the growth in the global Waste Automation Systems Market during the assessment period. The study also offers compelling insights into prominent drivers creating growth opportunities in the Waste Automation Systems through detailed segmentation as follows:
Segmentation of Automatic Waste Collection System Industry Research
Automatic Waste Collection System by End Use :
Automatic Waste Collection System by Industry :
Automatic Waste Collection System by Region :
Interested to Procure The Data? Inquire here
https://www.factmr.com/connectus/sample?flag=EB&rep_id=540
Fact.MR’s Domain Knowledge in Industrial Goods
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the industrial goods division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
Explore Fact.MR’s Coverage on the Industrial Goods Domain
Gardening Equipment Market - Gardening Equipment Market Share & Trends Analysis, By Product (Hand Tools, Cape Cod Weeders, Paving Weeders, Others), By End-Use (Residential Gardening Equipment, Commercial Gardening Equipment), By Distribution Channel & By Region Forecast, 2021-2031
Construction Glass Market - Construction Glass Market By Type (Water-Based, Solvent Based and, other technologies), By Sales Channel (Offline, Online), By Regions - Global Review 2021 to 2031
Infrared Detector Market - Infrared Detector Market Analysis, By Spectral Range (Short Wave Infrared Detectors, Mid-Wave Infrared Detectors, Long Wave Infrared Detectors), By Technology (Mercury Cadmium Telluride, Indium Gallium Arsenide, Pyroelectric), By Application & Regional Forecast to 2031
Microwave Magnetron Market - Microwave Magnetron Market Analysis, By Product Type (Pulsed Magnetrons, Continuous Wave Magnetrons, Others), By Application (Radar, Heating, Lighting, Others), By End User (Telecom Industry, Aerospace Industry, Defence Industry) - Global Market Insights 2021 to 2031
Portable Inverter Generator Market - Portable Inverter Generator Market Analysis Report By Fuel Type (Gasoline, Diesel), By Power (Under 1,000 Watt, 1,000-2,000 Watt, 2,000-3,000 Watt, 3,000-4,000 Watt, Above 4,000 Watt) - Regional Forecast from 2022 to 2032
Fire Safety Equipment Market - Fire Safety Equipment Market Analysis by Application (Residential, Commercial, and Industrial), by Solution (Fire Suppression Equipment, Fire Detection Equipment), by Region - Global Forecast 2022-2032
Pre-Painted Steel Coil Market - Pre-Painted Steel Coil Market Size, Share & Trends Analysis Report By Application (Metal Buildings, Post-frame Buildings), By Region, And Segment Forecast, 2022 – 2032
Fire Protection Systems Market - Fire Protection Systems Market Analysis by Product (Fire Analysis, Fire Detection, Fire Suppression), by Service (Managed Fire Protection Service, Fire Protection Systems Maintenance Service), by Application & Region - Global Forecast 2022-2032
Construction Equipment Market - Construction Equipment Market Analysis by Product Type (Earth Moving Machinery, Material Handling Machinery, Concrete and Road Construction Machinery), By Region- 2022 to 2032
Modular Chiller Market - Modular Chiller Market Analysis by Product Type (Compressor Chillers, Absorption Chillers), by Cooling Technology (Air-cooled, Water-cooled, Evaporative Condensed Modular Chillers), by Coolant Type, by Capacity, by End-use Sector, by Region - Global Forecast 2022-2032
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. 80% of Fortune 1000's trusts us in critical decision making. We provide both qualitative and quantitative research, spanning market forecast, market segmentation, competitor analysis, and consumer sentiment analysis.
Mahendra Singh US Sales Office 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 E: sales@factmr.com
Follow Us: LinkedIn | Twitter
Diversification isn't necessary if you know what you're doing, according to the Oracle of Omaha.
SIGA BioArmor CEO Phil Gomez joins Yahoo Finance Live to discuss the latest on the global monkeypox outbreak and what resources the U.S. currently has available to fight it, including vaccines.
Here’s a good bit of news for retirees in 2022: you can keep more money in your tax-deferred retirement accounts.
(Bloomberg) -- With recession fears mounting—and inflation, the war in Ukraine and the lingering pandemic taking a toll—many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and making rounds of layoffs.Most Read from BloombergThe Crypto Collapse Has Flooded the Market With Rolex and PatekAlito Decries 'Hostility to Religion' in First Public Remarks Since Abortion Decision Rockstar Games Cleaned Up Its Frat-Boy Culture — and Gran
(Bloomberg) -- Most Read from BloombergThe Crypto Collapse Has Flooded the Market With Rolex and PatekAlito Decries 'Hostility to Religion' in First Public Remarks Since Abortion Decision Rockstar Games Cleaned Up Its Frat-Boy Culture — and Grand Theft Auto, TooBiden, Xi Plan In-Person Meet as Taiwan Tensions IntensifyEuro-Zone Inflation Hits Record, Backing Calls for Larger HikesIt was tempting when Democrats announced their surprise climate deal to imagine American auto executives popping cham
formally responded to Twitter lawsuit seeking to force him to go through with his $44 billion takeover of the social-media platform and included counterclaims against the company. It isn’t unusual for counterclaims against a public company to be filed confidentially, pending review for possible redactions of sensitive information. One of the counterclaims by Mr. Musk is expected to center on the allegation that Twitter changed its number of monetizable daily active users shortly after agreeing to the deal, and then didn’t provide thorough responses to requests by Mr. Musk’s team for data on the spam number, according to people familiar with the matter.
NEW YORK—The U.S. Securities and Exchange Commission on Friday added Alibaba Group Holding to a list of Chinese companies at risk of being delisted from the U.S. exchanges if their auditors can’t be inspected before spring 2024. The move comes days after Alibaba said it would apply for a primary listing in Hong Kong, where it obtained a secondary listing in 2019. Securing a primary listing in the Asian financial hub would allow Alibaba’s shares to continue to be traded even if it is booted from the American bourse.
More than a year after an activist investor-led shake-up, Exxon Mobil has ticked a lot of boxes to endear itself to its shareholders. Exxon Mobil on Friday said it generated nearly $16.9 billion in free cash flow in the second quarter, the highest since 2008 and roughly $900 million more than analysts polled by Visible Alpha had expected. Quarterly net income for both Exxon and Chevron hit a record—not entirely surprising given that Brent crude prices averaged $113.78 a barrel in the second quarter, a $12 per barrel increase compared with the first quarter.
(Bloomberg) -- Russia is boosting natural gas shipments to China as it curbs flows to Europe, a dynamic that may offer some respite from the unprecedented rally in energy costs, according to consultant Accenture Plc.Most Read from BloombergThe Crypto Collapse Has Flooded the Market With Rolex and PatekAlito Decries 'Hostility to Religion' in First Public Remarks Since Abortion Decision Rockstar Games Cleaned Up Its Frat-Boy Culture — and Grand Theft Auto, TooChinese Government Asked TikTok for S
Semiconductor companies are awaiting signage of the crucial CHIPS Act by President Biden after it passed both the Senate and House of Representatives this week.
The two largest U.S. oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier. Exxon outpaced its rivals with a $17.9 billion quarterly profit, the most for any international oil major in history. Chevron, Shell and Total ran to catch up with Exxon's aggressive buyback program, which was kept unaltered.
A mega backdoor Roth is designed for 401(k) savers who want to enjoy Roth account tax benefits. Learn how a mega backdoor Roth rollover works.
For more than a decade, U.S. Bank pressured its employees to open fake accounts in their customers' names in order to meet unrealistic sales goals, the Consumer Financial Protection Bureau said Thursday, in a case that is deeply similar to the sales practices scandal uncovered at Wells Fargo last decade.
Exxon Mobil and Chevron will be reporting second-quarter earnings early Friday. Investors are watching for oil field inflation impact.
WILMINGTON, Del. (Reuters) -Elon Musk countersued Twitter Inc on Friday, escalating his legal fight against the social media company over his bid to walk away from the $44 billion purchase, although the lawsuit was filed confidentially. Musk's lawsuit was filed hours after Chancellor Kathaleen McCormick of the Delaware Court of Chancery ordered a five-day trial beginning Oct. 17 to determine if Musk can walk away from the deal. Twitter did not immediately respond to a request for comment.
Higher realized commodity prices and strong refinery utilization aid ExxonMobil's (XOM) Q2 earnings.
Moving from a paycheck to multiple retirement income is complicated. Understanding retirement income types and how to manage them can be beneficial.
Big Oil has never had it so good, and its immediate priority is rewarding shareholders. The world's largest energy companies, including TotalEnergies, Exxon Mobil and Chevron are ramping up buyback programmes despite criticism that they are not moving swiftly enough to increase oil and gas output as high fuel prices pinch consumers worldwide. Exxon Mobil, Chevron, Shell and TotalEnergies produced a combined profit of $51 billion, with Exxon topping the pile at $18 billion.
The bulk of the settlement, which does not include the company's largest investor at the time, will be paid out by the company's insurers.
(Bloomberg) -- Federal Trade Commission Chair Lina Khan led her fellow Democrats in the agency’s majority vote to sue Meta Platforms Inc. this week, despite the staff recommending against bringing a case to challenge the company’s acquisition of Within Unlimited Inc., according to three people with knowledge of the decision. Most Read from BloombergThe Crypto Collapse Has Flooded the Market With Rolex and PatekAlito Decries 'Hostility to Religion' in First Public Remarks Since Abortion Decision