Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Solution (Optimization Solutions, Analytics and Reporting Solutions, Asset Management, Network Management, Others), By Service (Professional Services, Managed Services), By Application (Food & Retail, Construction, Manufacturing & Industrial, HealthCare, Municipalities, Colleges & Universities) And Competitive Landscape
Product Code: ETC4610265 | Publication Date: Jul 2023 | Updated Date: Mar 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Europe Smart Waste Management Market |
Forecast period | 2024-2030 |
CAGR | 16.3% |
Growing Sector | Food & Retail, HealthCare, and Municipalities |
Europe Smart Waste Management Market report thoroughly covers the market by countries, by solution, by service, and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The smart waste management market in Europe is experiencing significant growth, driven by the increasing focus on sustainability and efficient waste management solutions. This market employs advanced technologies, such as IoT sensors, GPS, and AI, to optimize the collection, sorting, and processing of waste, aiming to enhance operational efficiencies and reduce environmental impact. Additionally, there's a growing interest in adopting circular economy principles, which emphasize reducing waste and reusing resources, further driving innovation in the smart waste management sector.
According to 6Wresearch, the Europe Smart Waste Management Market size is projected to reach at a CAGR of 16.3% during the forecast period 2024-2030. One of the primary drivers of this market is the stringent regulatory standards set by European governments and the EU to promote recycling and reduce landfill use. Additionally, the growing urban population and the consequent increase in waste production are compelling city planners and waste management companies to adopt smarter, more efficient waste management solutions.
The rising public awareness regarding environmental issues also plays a crucial role in accelerating the adoption of smart waste management systems. Several future trends are poised to shape the Europe Smart Waste Management industry. The use of AI and machine learning for predictive waste collection and sorting is expected to gain traction, enhancing efficiency and reducing costs. The integration of smart waste management solutions with smart city initiatives is also anticipated to rise, creating more sustainable and efficient urban environments.
Several European governments have introduced initiatives aimed at fostering the growth of smart waste management. For instance, the European Union's Circular Economy Package, which includes revised legislative proposals on waste, sets ambitious recycling targets and encourages the adoption of smart waste management solutions.
The market is characterized by the presence of several key players who are driving innovation and growth. Companies such as SUEZ Group, Veolia, and Waste Management Inc., are at the forefront, offering comprehensive smart waste management solutions.
The future of the Europe Smart Waste Management Market growth looks promising with the ongoing advancements in technology and strong governmental support. The integration of AI and IoT technologies is expected to become more widespread, leading to smarter, more efficient waste management operations. Additionally, the push towards a circular economy will likely inspire innovative approaches to waste management, focusing not just on efficient waste collection and processing, but also on reducing waste generation and promoting recycling and reuse.
According to Nitesh, Research Manager, 6Wresearch, Germany is leading in the Europe Smart Waste Management Market due to the robust infrastructure for waste management, strong policies, and commitments toward sustainability. Germany's approach to smart waste management integrates advanced technologies, such as AI and IoT, to enhance waste reduction, sorting, recycling, and recovery processes.
Based on the application, Municipalities segment is dominating the Europe Smart Waste Management Market share, driven by the increasing urbanization across Europe, compelling city administrations to adopt smarter, more effective waste management solutions. Municipalities are increasingly leveraging IoT and AI technologies to optimize waste collection routes, reduce operational costs, and improve recycling rates.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Smart Waste Management Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Smart Waste Management Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Smart Waste Management Market - Industry Life Cycle |
3.4 Europe Smart Waste Management Market - Porter's Five Forces |
3.5 Europe Smart Waste Management Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Smart Waste Management Market Revenues & Volume Share, By Solution, 2020 & 2030F |
3.7 Europe Smart Waste Management Market Revenues & Volume Share, By Service, 2020 & 2030F |
3.8 Europe Smart Waste Management Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Europe Smart Waste Management Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Smart Waste Management Market Trends |
6 Europe Smart Waste Management Market, 2020-2030 |
6.1 Europe Smart Waste Management Market, Revenues & Volume, By Solution, 2020-2030 |
6.2 Europe Smart Waste Management Market, Revenues & Volume, By Service, 2020-2030 |
6.3 Europe Smart Waste Management Market, Revenues & Volume, By Application, 2020-2030 |
7 Germany Smart Waste Management Market, 2020-2030 |
7.1 Germany Smart Waste Management Market, Revenues & Volume, By Solution, 2020-2030 |
7.2 Germany Smart Waste Management Market, Revenues & Volume, By Service, 2020-2030 |
7.3 Germany Smart Waste Management Market, Revenues & Volume, By Application, 2020-2030 |
8 United Kingdom Smart Waste Management Market, 2020-2030 |
8.1 United Kingdom Smart Waste Management Market, Revenues & Volume, By Solution, 2020-2030 |
8.2 United Kingdom Smart Waste Management Market, Revenues & Volume, By Service, 2020-2030 |
8.3 United Kingdom Smart Waste Management Market, Revenues & Volume, By Application, 2020-2030 |
9 France Smart Waste Management Market, 2020-2030 |
9.1 France Smart Waste Management Market, Revenues & Volume, By Solution, 2020-2030 |
9.2 France Smart Waste Management Market, Revenues & Volume, By Service, 2020-2030 |
9.3 France Smart Waste Management Market, Revenues & Volume, By Application, 2020-2030 |
10 Italy Smart Waste Management Market, 2020-2030 |
10.1 Italy Smart Waste Management Market, Revenues & Volume, By Solution, 2020-2030 |
10.2 Italy Smart Waste Management Market, Revenues & Volume, By Service, 2020-2030 |
10.3 Italy Smart Waste Management Market, Revenues & Volume, By Application, 2020-2030 |
11 Russia Smart Waste Management Market, 2020-2030 |
11.1 Russia Smart Waste Management Market, Revenues & Volume, By Solution, 2020-2030 |
11.2 Russia Smart Waste Management Market, Revenues & Volume, By Service, 2020-2030 |
11.3 Russia Smart Waste Management Market, Revenues & Volume, By Application, 2020-2030 |
12 Spain Smart Waste Management Market, 2020-2030 |
12.1 Spain Smart Waste Management Market, Revenues & Volume, By Solution, 2020-2030 |
12.2 Spain Smart Waste Management Market, Revenues & Volume, By Service, 2020-2030 |
12.3 Spain Smart Waste Management Market, Revenues & Volume, By Application, 2020-2030 |
13 Rest of Europe Smart Waste Management Market, 2020-2030 |
13.1 Rest of Europe Smart Waste Management Market, Revenues & Volume, By Solution, 2020-2030 |
13.2 Rest of Europe Smart Waste Management Market, Revenues & Volume, By Service, 2020-2030 |
13.3 Rest of Europe Smart Waste Management Market, Revenues & Volume, By Application, 2020-2030 |
14 Europe Smart Waste Management Market Key Performance Indicators |
15 Europe Smart Waste Management Market - Opportunity Assessment |
15.1 Europe Smart Waste Management Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Smart Waste Management Market Opportunity Assessment, By Solution, 2020 & 2030F |
15.3 Europe Smart Waste Management Market Opportunity Assessment, By Service, 2020 & 2030F |
15.4 Europe Smart Waste Management Market Opportunity Assessment, By Application, 2020 & 2030F |
16 Europe Smart Waste Management Market - Competitive Landscape |
16.1 Europe Smart Waste Management Market Revenue Share, By Companies, 2023 |
16.2 Europe Smart Waste Management Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |