Automated Waste Collection Systems Market Expected to Reach US ~$596.38 Million and CAGR 10.1% by 2030
The global automated waste collection systems market size is expected to reach USD 596.38 million by 2030 according to a new study by Polaris Market Research.
The market is significantly impelled by certain factors like the rising urban population, surge in awareness for a cleaner & greener environment, and growing focus on a proper assortment of garbage for disposal. Also, leading authorities across the globe are implementing stringent regulations for trash collection & segregation in order to improve human & environmental health. This is estimated to boost the demand for automated waste collection tubes globally. Additionally, growing investments in the integration of such systems are further expected to drive the growth of the automated debris systems industry.
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Based on end-user, the hospital segment is anticipated to lead the automated debris gathering systems industry with the highest shares as they generate a large amount of clinical waste and solid waste that requires an effective transportation & disposal system for handling. The handling of clinical & solid garbage poses health risks for the people handling the garbage. Various companies such as STREAM offer solutions that transport clinical & solid debris from hospitals via underground pipe networks. Moreover, the enormous amount of debris generated from transport terminals such as airports & others is expected to drive the demand for automated debris collection systems during the forecast period.
Manufacturers of automated debris collection systems are adopting state-of-the-art technologies such as artificial intelligence, IoT (Internet of Things), and robotics for the collection of garbage. For instance, vendors are incorporating sorting equipment with robotics & artificial intelligence in order to lower the impurity content post sorting. This use of advanced technologies is anticipated to offer huge growth opportunities for the global market during the forecast period.
Market participants such as AMCS group, AerbinApS, Caverion Corporation, Envac Group, Greenwave Solutions, Logiwaste AB, Ros Roca SA, AWC Berhad Group, MariMaticOy, and STREAM environment are some of the key players operating in the global market.
Market players operating are mainly focused on the development of efficient and advanced products. Furthermore, the companies are adopting new technologies such as artificial intelligence, robotics, and IoT (Internet of Things) to cater to the growing needs of different end-users. In July 2021, Stavanger University Hospital selected a system from Logiwaste AB, that offers an efficient and user-friendly way of handling laundry and debris all the way from the inlet door to the terminal. Moreover, in March 2021, Caverion completed a turnkey project for a biotechnology company Thermo Fisher Scientific Baltics. Caverion designed & built all of the technical building solutions including class C & D cleanroom facilities.
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Polaris Market research has segmented the automated waste collection systems market report on the basis of application, product, end-user, and region:
Automated Waste Collection Systems, Application Outlook (Revenue – USD Million, 2018 – 2030)
Automated Waste Collection Systems, Product Outlook (Revenue – USD Million, 2018 – 2030)
- Gravity System
- Full Vacuum System
Automated Waste Collection Systems, End-Use Outlook (Revenue – USD Million, 2018 – 2030)
- Educational Institutions
- Corporate Offices
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