Europe Smart Waste Management Market

Europe Smart Waste Management Market Size, Share & Trends Analysis Report By Source (Residential, Industrial, and Commercial), By Method, By Waste Type (Solid Waste, E-Waste, and Special Waste), By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-23285 Publication Date: June-2024 Number of Pages: 96
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Market Report Description

The Europe Smart Waste Management Market would witness market growth of 14.9% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Smart Waste Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $468.5 million by 2031. The UK market is exhibiting a CAGR of 13.9% during (2024 - 2031). Additionally, The France market would experience a CAGR of 15.9% during (2024 - 2031).

Europe Smart Waste Management Market

One of the primary drivers of the market is the escalating waste generation. Traditional methods, which often rely on fixed schedules and routes for waste collection, are inefficient and contribute to higher operational costs and increased greenhouse gas emissions.

In contrast, smart waste management systems employ IoT-enabled sensors that monitor the fill levels of waste bins in real time. These sensors communicate data to a centralized platform, which uses AI and data analytics to determine the most efficient collection routes. Cities can substantially reduce fuel consumption, lower emissions, and reduce labor costs by optimizing the routes of collection vehicles and collecting waste only when bins are full.

In Italy, significant investments and national initiatives to improve waste management practices drive the increasing demand for smart waste management. The Italian National Institute for Environmental Protection and Research (ISPRA) reports that Italy's recycling rate was around 50% in 2019. Italy has invested in smart waste collection systems and advanced recycling technologies. Cities like Milan have implemented IoT-enabled waste bins and data-driven collection systems to optimize waste management operations.

The Italian government has also introduced policies to support the circular economy, including incentives for companies that adopt sustainable waste management practices. Initiatives such as the "Waste Watcher" program use smart bins and mobile apps to provide real-time feedback to residents on their recycling performance, enhancing public participation and recycling rates. These initiatives, which are bolstered by government regulations and funding, are indispensable for the advancement of Europe's smart waste management market and the implementation of sustainable waste management practices.

Free Valuable Insights: The Global Smart Waste Management Market will Hit USD 6.5 Billion by 2031, at a CAGR of 15.3%

Based on Source, the market is segmented into Residential, Industrial, and Commercial. Based on Method, the market is segmented into Smart Collection, Smart Processing and Smart Disposal. Based on Waste Type, the market is segmented into Solid Waste, E-Waste, and Special Waste. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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List of Key Companies Profiled

  • Sensoneo j.s.a.
  • Reworld Waste, LLC
  • Redwave (BT-Wolfgang Binder GmbH)
  • Suez S.A.
  • Ecube Labs
  • Big Belly Solar, Inc.
  • Waste Management, Inc.
  • Republic Services, Inc. (Cascade Investment Group, Inc.)
  • Veolia Environnement S.A.

Europe Smart Waste Management Market Report Segmentation

By Source

  • Residential
  • Industrial
  • Commercial

By Method

  • Smart Collection
  • Smart Processing
  • Smart Disposal

By Waste Type

  • Solid Waste
  • E-Waste
  • Special Waste

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
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