Date: Apr 2022
Automated Waste Collection System Market worth USD 555.2 million by 2030
The Market Statsville Group (MSG) publishes the new report on the "Automated Waste Collection System Market by Type (Gravity System and Full Vacuum System), by Operation (Stationary and Mobile), by Application (Airports, Hospitals, Food markets, Industries, Stadiums, and Others), by Region – Global Share and Forecast to 2030".
The global automated waste collection system market size is projected to grow at a CAGR of 10.7% to reach USD 555.2 million by 2030 from USD 273.9 million in 2021. The market is mainly driven by the development of new infrastructural projects and healthcare facilities where large amount of waste in generated and treated by an underground vacuum system. However, the high initial investment cost for installing the automated waste collection system is a restraining factor hindering the market growth. By type, full vacuum system is the largest segment owing to the technical advancements and growing need for proper waste collection systems in urban areas. By application, the industries segment will grow at a high CAGR as there will be an increase in demand for automated waste collection systems in industries near future.
Global Automated Waste Collection System Market Segmentation
The overall automated waste collection system market has been segmented into the type, operation, application, and region.
- By Type (Gravity System and Full Vacuum System)
- By Operation (Stationary and Mobile)
- By Application (Airports, Hospitals, Food markets, Industries, Stadiums, and Others)
- By Region (North America, Europe, Asia Pacific, South America, and the Middle East and Africa)
Stationery, by operation, is estimated to hold the largest market share during the forecast period
Based on operation, the global automated waste collection system market is segregated into stationary and mobile. A stationary automated waste collection system uses air flow to generate negative pressure in the waste pipe collection system. The negative pressure allows refuse collection in a collection station. Moreover, the mobile automated waste collection system collects the waste through various channels and empties it using a truck-mounted vacuum device.
The stationary segment generated the highest revenue of 71.3% in the global automated waste collection system market in 2021, and it is expected to register a significant CAGR from 2022 to 2030. The major advantage stationary automated waste collection system (AWCS) is the segregation of waste at the collection center. This minimizes the manual handling of the waste, thereby reducing the effort and time on waste segregation. Moreover, the collection of waste from several streams at one location minimizes the system's energy consumption, which reduces the environmental impact of the system.
Europe accounts for the largest market share in the automated waste collection system market in 2021
Based on the regions, the global automated waste collection system market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Europe had the largest market share of 39.1% in the global automated waste collection system market. European includes countries such as Germany, UK, France, Italy, and rest of European countries. Automated waste collection systems (AWCS) was first introduced by the Swedish firm Envac AB, which was previously known as Centralsug AB. High focus on waste management is driving the demand for advanced waste collection, recycling, and disposal systems.
The overall spending on public infrastructure is also high in the European nations. Hence, various manufacturers have a strong foothold in the region. The Finland-based firm, MariMatic Oy has already conducted various AWCS projects in Finland, Norway, Denmark, Sweden, Russia, and the Netherlands for residential and commercial building waste collection. MariMatic was chosen through a public tender process as the supplier of AWCS for the new residential area having 5,500 apartments, at Sluisbuurt in the Netherlands.
This research report includes a look at the development and marketing strategies of the leading companies in the automated waste collection system market, as well as a look at their product portfolios and winning strategies. The major players in the global automated waste collection system market are AMCS group, Logiwaste AB, Caverion corporation, MariMatic Oy, Aerbin ApS, Envac Group, AWC Berhad Group, Greenwave Solutions, Ros Roca SA, and STREAM environment. These market players have focused on acquisitions and expansion to gain a larger market share in the automated waste collection system market.
Browse complete report: https://www.marketstatsville.com/automated-waste-collection-system-market
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