Global Internet Of Bins Market Overview
The global internet of bins market accounted for US$ 0.2 billion in 2019 and is estimated to be US$ 25.7 billion by 2029 and is anticipated to register a CAGR of 60.3%. Innovative treatment technologies, such as self-sorting bins, recyclable e-waste bins, and solar-powered compactors, are becoming feasible solutions and account great business potential. Cities will progressively renovate traditional bins by fixing sensors on them to convert them into smart bins. Developing markets such as India, China, and Australia are particularly proving strong markets for technology businesses. Smart waste management through the installation of smart waste bins is projected to enhance the productivity of waste collection, transportation, and recycling of waste. Sensor-permitted bins communicate the level of waste in them, they can decrease the number of trips haulers need to make, lowering greenhouse gas emissions and costs.
Impact of COVID-19 on the market
Artificial Intelligence (AI), Augmented Reality (AR), and Virtual Reality (VR), solutions are expected to substantially contribute while responding to the COVID-19 pandemic and address continuously emerging challenges. The existing situation due to the outbreak of the crisis will inspire healthcare establishments, pharmaceutical vendors, business traders to improve their R&D investments in AI, acting as a core technology for permitting multiple initiatives. This report will quantify the impact of this pandemic on the internet of bins market.
Global Internet Of Bins Market Dynamics
Advancement in technologies drives the growth of the internet of bins market
The advent of advanced technologies such as the cloud platforms and internet of things is positively influencing the global internet of bins market. The adoption of advanced technologies in the waste management process offers real-time information which helps to enhance the operational efficiency and improve process awareness. Thus, the development of the operational efficiency of waste management systems with the integration of smart technologies is proliferating the internet of bins market.
Proliferating smart city projects provides key growth opportunity to the target market players
The growing investment for the development of smart cities by the governments of several countries has provided a key growth opportunity to the target market growth. For instance, the Ministry of Housing and Urban Affairs, Government of India, developed the smart city project in 2015. The government released total funds of US$ 29.5 billion (INR 2,01,981 crore) for 99 smart cities.
However, lack of efficient connectivity in waste management networks is a major hamper to the target market growth.
Global Internet Of Bins Market Segmentation
The global internet of bins market is segmented based on the product type, application, and region.
On the basis of the product type, the global internet of bins market is segmented into the internet of things control and robot control. Based on the application, the target market is segmented into commercial and residential.
In the region, the global internet of bins market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is intended to emerge as a dominating regional market with a maximum share over the forecast period. Raised spending on product monitoring and supply chain monitoring is projected to offer new growth avenues in the coming years in the region. Growth in e-commerce penetration in the region has resulted in pressure for departmental stores for enhancing the in-store customer shopping experience and increasing average footfall. Europe is also looking forward to cutting down reduce fuel consumption, unwanted costs, and curtail the emission of greenhouse gases resulting due to unplanned trips to collect waste. Due to superior recycling targets, particularly in Europe, the recycling market is set to experience incredible growth over the forecast tenure and smart waste management will act as a pillar. Further, various countries in the Asia Pacific region face multiple challenges with respect to waste management. They include collection issues, no separation at the source, open dumping, and much more. As a result, these countries offer vast opportunities for smart waste management. Numerous developing economies in this region are pilot testing smart waste management to improve waste hauling.
|
Attribute |
Details |
|
The base year for estimation |
2019 |
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Forecast period |
2019 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2019 – 2029 |
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Market Segmentation |
By Product Type - Internet of Things Control and Robot Control By Application - Commercial and Residential |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global internet of bins market report based on product type, application, and region.
Global Internet of Bins Market, By Product Type:
- Internet of Things Control
- Robot Control
Global Internet of Bins Market, By Application:
- Commercial
- Residential
Global Internet of Bins Market, By Region:
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-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Internet Of Bins Market Key Players
The key players operating in the global internet of bins market include Bigbelly, Inc., Ausko Pte Ltd., SmartBin, Enevo, Ecube Labs Co., Ltd., Winnow Solutions, Smartup Cities, CleanRobotics, ISB Global, and Ausko. The rising adoption of acquisition strategy by smart waste & recycling system market leaders of several countries for growing their market presence or footprints helps to rush the global market growth. For instance, in 2019, Alexander & Baldwin, a Honolulu based real estate company are installing Bigbelly solar-powered trash cans on their property.
Global Internet Of Bins Market Key Issues Addressed
Key Issues Addressed
Global Internet Of Bins Market Company Profile
- Bigbelly, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Ausko Pte Ltd.
- SmartBin
- Enevo
- Ecube Labs Co., Ltd.
- Winnow Solutions
- Smartup Cities
- CleanRobotics
- ISB Global
- Ausko
“*” marked represents similar segmentation in other categories in the respective section
Global Internet Of Bins Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Internet of Bins Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Internet of Bins Market, By Product Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Internet of Things Control
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Robot Control
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Internet of Bins Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Commercial
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Residential
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Internet of Bins Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Bigbelly, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Ausko Pte Ltd.
- SmartBin
- Enevo
- Ecube Labs Co., Ltd.
- Winnow Solutions
- Smartup Cities
- CleanRobotics
- ISB Global
- Ausko
- Bigbelly, Inc.
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global internet of the bins market is segmented based on product type, application, and region.
The advent of advanced technologies such as cloud platforms and the internet of things is positively influencing the global internet of the bins market.
North America is intended to emerge as a dominating regional market with a maximum share over the forecast period. Raised spending on product monitoring and supply chain monitoring is projected to offer new growth avenues in the coming years in the region.
The rising adoption of acquisition strategy by smart waste & recycling system market leaders of several countries for growing their market presence or footprints helps to rush the global market growth. For instance, in 2019, Alexander & Baldwin, a Honolulu based real estate company are installing Bigbelly solar-powered trash cans on their property.