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The Smart Waste Management Market is projected to grow at a compound annual growth rate (CAGR) of 17.3% from 2024, reaching a market value of $12.6 billion by 2031. Smart waste management encompasses systems that leverage advanced technology to improve the efficiency, cost-effectiveness, and environmental sustainability of waste collection. Many of these systems are integrated with Internet of Things (IoT) technology, allowing real-time monitoring and data collection to optimize waste management processes and drive innovation.
Key factors driving the global smart waste management market include growing awareness and acceptance of recycled and reprocessed materials, the proliferation of smart city initiatives worldwide, and increasing urbanization coupled with rapid industrialization. Additionally, government investments aimed at reducing the environmental impact of waste generated from both public and industrial sources further fuel demand for smart waste management solutions.
Top 10 Companies in the Smart Waste Management Market
Covanta Holding Corporation
Covanta is a global leader in sustainable waste and energy solutions. Through its Energy-from-Waste (EfW) facilities, Covanta provides eco-friendly waste disposal services to communities and businesses. The company operates 44 EfW facilities, primarily in North America, processing approximately 22 million tons of solid waste annually, which accounts for about 9% of post-recycled municipal solid waste (MSW) in the U.S. Covanta also operates facilities in Ireland, Italy, and the UK.
Suez Environmental Services
Suez offers consulting services in resource management, water resource management, and waste recovery. Serving over 450,000 global business clients, Suez provides sustainable solutions for waste management across industries. The company treats over 45 million tons of solid waste and 3.6 million tons of hazardous waste annually. Suez operates across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, helping recover millions of tons of materials.
Veolia Environmental Services
Veolia is a global leader in optimized resource management, offering waste, water, and energy management services that promote sustainable community and industrial development. The company operates in multiple geographic regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with subsidiaries such as Veolia Middle East and Veolia Energy North America Holdings.
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Republic Services, Inc.
Republic Services is a leading provider of recycling and non-hazardous solid waste disposal solutions in the U.S. With a presence in 41 states and Puerto Rico, Republic manages waste through collection, transfer, landfill, and energy services. The company serves over 14 million customers across 349 collection operations, 207 transfer stations, 190 landfills, and 91 recycling centers.
Waste Management, Inc.
Waste Management is one of North America’s largest waste management providers, offering services such as scheduled pickup, recycling, and renewable energy generation. Waste Management also develops landfill gas-to-energy facilities, providing services across 252 landfill sites in North America.
Enevo
Headquartered in Espoo, Finland, Enevo is a provider of waste and recycling services that reduce costs and environmental impact through IoT-based sensors and analytic software. Enevo’s technology provides transparency in waste management operations and is utilized by smart cities, commercial organizations, and waste companies in the U.S., UK, and Europe.
Sensoneo
Founded in 2014 in Slovakia, Sensoneo offers enterprise-grade smart waste management solutions. The company’s technology includes smart sensors, route planning, and analytics to optimize waste management processes. Sensoneo’s solutions are deployed in 137 locations worldwide, improving operational efficiency and environmental sustainability.
Bigbelly Inc.
Based in Massachusetts, Bigbelly is a leader in smart waste management, smart cities, and IoT solutions. Using renewable solar energy, Bigbelly’s Smart Waste Platform combines solar-powered compacting stations with a cloud-based management platform, enhancing waste operations for cities, campuses, and organizations across 50+ countries.
IBM Corporation
IBM provides a range of technology solutions, including waste management services through platforms like IBM Intelligent Waste Management and Tivoli Advanced Reporting. IBM’s offerings also encompass cloud computing, AI, and data management services for optimizing waste collection and sustainability.
Ecube Labs Co. Ltd.
Ecube Labs, headquartered in Seoul, South Korea, offers smart and sustainable waste management solutions. The company’s IoT-based technologies, such as solar-powered compacting bins and waste analytics platforms, enhance operational efficiency for cities and organizations, reducing costs and improving waste collection processes.
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Other Notable Mentions
Companies such as OnePlus Systems Inc. (U.S.), BIN-e (Poland), Averda (Dubai), Evreka (Turkey), Rubicon Global Holdings LLC (U.S.), and SAP SE (Germany) are also key players in the smart waste management industry.
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