Published Date: 23-Sep-2022
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According to a new report, published by KBV research, The Global Automated Waste Collection System Market size is expected to reach $544.5 Million by 2028, rising at a market growth of 10.9% CAGR during the forecast period.
The Gravity Vacuum System segment is showcasing a CAGR of 12.8% during (2022 - 2028). The rising growth of the segment is majorly attributed to its additional safety. A safety feature is built into the gravity vacuum system, which makes it secure and appropriate for all users, including kids. A large-scale industrial or commercial structure needs the most effective system possible to dispose of solid waste in a reliable manner.
The Stationary segment acquired maximum revenue share in the Global Automated Waste Collection System Market by Operation in 2021 thereby, achieving a market value of $354.6 Million by 2028. A terminal where the waste is vacuum-transported is connected to a pipeline system with waste disposal inlets as part of a stationary automated vacuum garbage collection system. At the terminal, the air is removed from the waste before it is put into containers and transported to a facility for processing waste.
The Airports segment has shown the growth rate of 12% during (2022 - 2028). The fact that there are several airports for air travel while the requirement to keep the airport clean stimulates the airport authorities to set up an automated waste collection system. As consumers' disposable income rises, they are preferring to travel to more aesthetically pleasing locations more frequently.
The Europe market dominated the Global Automated Waste Collection System Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $182.3 Million by 2028. The North America market is exhibiting a CAGR of 10.3% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 11.9% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Caverion Corporation, AMCS Group, AWC Berhad, Envac AB, Aerbin ApS, Green Wave Solutions, Logiwaste AB, Stream Environment SDN BHD, and MariMatic Oy (MariMatic Group).
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