Global Automated Waste Collection System (AWCS) Market Grows at a Staggering CAGR of 10.5%

Introduction

The space needed for manual waste collection and dump bins is no longer necessary, thanks to the automated waste collection system. It uses modern vacuum technology for cost-effective and environmentally responsible waste collection. This method offers significant environmental advantages over most of the world's current waste collection systems. The rise in urban population, growing environmental consciousness, and increased attention to correctly collecting trash and waste piles for disposal are the main factors driving the demand for automated garbage collection systems in metropolitan regions.

Market Dynamics

Rising Environmental Awareness Drives the Global Market

Due to rising CO2 emissions and growing consumer awareness of environmentally friendly waste collection management systems, the market for automated garbage collection systems is expected to grow. Pneumatic garbage collection systems have been aggressively installed by market participants, such as Sweden's Envac AB, to improve the waste collection process for reducing pollution and protecting the environment from threats. Additionally, the spread of infectious disease vectors caused by trash disposal and improper trash treatment has a harmful direct and indirect influence on health, driving up the need for automated waste collection systems.

Increasing Smart City Initiatives Creates Tremendous Opportunities

The high operational expenses for waste transportation and pickup are a driving force behind implementing automated garbage collection systems. According to trends, IoT, creative garbage collection technologies, and automated waste collection systems are used in smart cities in countries like the U.S. and the U.K. As local authorities become more aware of the benefits of intelligent waste management systems, the project for automated waste collection systems is growing.

Regional Analysis

Europe is the most significant shareholder in the global automated waste collection system (AWCS) market and is expected to grow at a CAGR of 8.4% during the forecast period. MariMatic was chosen as the AWCS supplier for the new residential area with 5,500 apartments in Sluisbuurt, Netherlands, following a public bidding process. In addition, a partnership was established between Deutsche Telekom and Zolitron Technology GmbH to recycle glass containers using IoT sensors. These sensors do not need batteries because tiny solar panels power them. These situations will likely fuel market expansion for waste management equipment during the anticipated term. Important companies like Veolia Environnement S.A. and SUEZ Environmental Services provide intelligent waste management systems. It is also projected that more sustainable development and various approaches to recycling waste will hasten market expansion.

Asia-Pacific is expected to grow at a CAGR of 9.5%, generating USD 174,839.2 million during the forecast period. China is the nation that makes the most significant contribution to the Asia-Pacific AWCS market. Furthermore, Malaysia-based STREAM Environment Sdn. Bhd. is the only producer of AWCS in the Asia-Pacific region. The region offers AWCS products and services by Envac AB, MariMatic Oy, and other important companies. The growing trend toward creating smart cities in developing nations like South Korea, India, Singapore, Malaysia, and others is also expected to increase the region's need for AWCS. Less than 20% of the municipal solid waste generated in India's metropolitan cities and towns is treated, and the majority—about 50%—is dumped straight into landfills. For instance, it is hoped that the "Swatch Bharat Abhiyaan" effort will promote market expansion.

Key Highlights

• The automated waste collection system (AWCS) market was valued at USD 301.76 million in 2022. It is projected to reach USD 741.19 million by 2031, growing at a CAGR of 10.5%during the forecast period (2023-2031).
• Based on type, the global automated waste collection system (AWCS) market is bifurcated into full vacuum systems and gravity vacuum systems. The full vacuum system segment is the highest contributor to the market and is expected to grow at a CAGR of 8.1% during the forecast period.
• Based on operation, the global automated waste collection system (AWCS) market is bifurcated into stationary and mobile. The stationary segment owns the highest market share and is expected to grow at a CAGR of 8.0% during the forecast period.
• Based on application, the global automated waste collection system (AWCS) market is bifurcated into airports, hospitals, industries, food markets, sports stadiums, and others. The industry segment is the highest contributor to the market and is expected to grow at a CAGR of 8.8% during the forecast period.
• Europe is the most significant shareholder in the global automated waste collection system (AWCS) market and is expected to grow at a CAGR of 8.4% during the forecast period.

Competitive Players

1. Aerbin ApS
2. AMCS Group
3. Awc Berhad
4. Caverion Corporation
5. Envac Group
6. Greenwave Solutions
7. Logiwaste Ab
8. Marimatic Oy
9. Ros Roca SA
10. Stream Environment Sdn. Bhd.

Recent Developments

Recent Developments

• June 2022- AMCS unveiled the AMCS Platform Summer 22 Release introducing new AI-driven solutions and greater automation.
• October 2022- LyondellBasell and Shakti Plastic Industries, India's most prominent plastic scrap recycler and waste collection company, signed a Memorandum of Understanding (MoU) to form a joint venture to build and operate a fully-automated mechanical recycling plant in India.

Segmentation

1. By Type
   1. Full Vacuum System
   2. Gravity Vacuum System
2. By Operation
   1. Stationary
   2. Mobile
3. By Applications
   1. Airports
   2. Hospitals
   3. Industries
   4. Food Market
   5. Sporting Stadium
   6. Other