London, UK —TechNavio, a tech-focused research firm, has published a new report on the Global Smart Waste Market, which is expected to grow at a CAGR of 16.82 percent from 2014-2019. According to the report, the use of smart waste technologies minimizes the overall cost involved in solid municipal waste collection. These technologies use RFID and sensor-based containers that facilitate real-time, easy-to-use web portal services for fill level measurement.
Smart containers contain sensors help authorities to manage solid waste collecting routes, which ultimately reduces fuel and service cost. Proper and efficient management of solid municipal waste can mitigate many problems related to pollution, climatic changes, and public health.
“The sensor-based container is a battery-powered wireless device that helps reduce the overall collection and logistics cost of waste disposal by approximately 50 percent,” says Faisal Ghaus, Vice President of TechNavio. “The decrease in the cost of solid municipal waste collection thanks to smart waste technologies is an important factor that will propel growth in the Global Smart Waste Market in the coming years.”
The new report also emphasizes key advances in technology in the waste management process. A wide range of waste management technologies have evolved in the fields of waste collection, transportation and disposal, including landfilling, composting, recycling and incineration. “Highly efficient and advanced waste treatment technologies like plasma arc gasification and pyrolysis are gaining momentum in developed countries,” says Ghaus.
The new report covers the present scenario and the growth prospects of the Global Smart Waste market for the period 2015-2019. The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Smart Waste market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
More information can be found under technavio.com.
Source: TechNavio / Infiniti Research Limited