The Asia Pacific Digital Waste Management Solution Market would witness market growth of 13.1% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Digital Waste Management Solution Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $472.4 Million by 2031. The Japan market is registering a CAGR of 12.4% during 2024-2031. Additionally, the India market would showcase a CAGR of 13.8% during 2024-2031.
Higher volumes of waste lead to increased collection, transportation, and processing costs. Frequent collection schedules and larger fleets are often required to manage the increased waste, straining budgets and resources. Managing large quantities of waste can complicate logistics, requiring sophisticated routing and scheduling to ensure efficient collection and minimize delays.
Additionally, as per the World Bank, the world generates 2.01 billion tonnes of municipal solid waste annually, with at least 33 percent of that - extremely conservatively - not managed in an environmentally safe manner.
The rise of smart homes in China brings a greater demand for integrating waste management solutions with home automation systems. Digital waste management solutions can be designed to work seamlessly with smart home technologies, such as sensors, smart bins, and home monitoring systems, providing users with real-time data on waste generation and recycling efforts. According to the Government of China, the Chinese smart home industry experienced a substantial development rate of nearly 20 percent annually from 2016 to 2021, expanding from 260 billion yuan ($36.25 billion) to 580 billion yuan.
The China market dominated the Asia Pacific Digital Waste Management Solution Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $472.4 Million by 2031. The Japan market is registering a CAGR of 12.4% during 2024-2031. Additionally, the India market would showcase a CAGR of 13.8% during 2024-2031.
Higher volumes of waste lead to increased collection, transportation, and processing costs. Frequent collection schedules and larger fleets are often required to manage the increased waste, straining budgets and resources. Managing large quantities of waste can complicate logistics, requiring sophisticated routing and scheduling to ensure efficient collection and minimize delays.
Additionally, as per the World Bank, the world generates 2.01 billion tonnes of municipal solid waste annually, with at least 33 percent of that - extremely conservatively - not managed in an environmentally safe manner.
The rise of smart homes in China brings a greater demand for integrating waste management solutions with home automation systems. Digital waste management solutions can be designed to work seamlessly with smart home technologies, such as sensors, smart bins, and home monitoring systems, providing users with real-time data on waste generation and recycling efforts. According to the Government of China, the Chinese smart home industry experienced a substantial development rate of nearly 20 percent annually from 2016 to 2021, expanding from 260 billion yuan ($36.25 billion) to 580 billion yuan.
List of Key Companies Profiled
- Schneider Electric SE
- Rubicon Technologies, Inc.
- Veolia Environnement S.A.
- c-trace GmbH
- AMCS Group
- Waste Harmonics
- ISB Global
- Sensoneo j.s.a.
- Big Belly Solar, LLC.
- Evreka
Market Report Segmentation
By Component
- Hardware
- Software & Services
By Waste Type
- Recyclable
- Non-recyclable
- Hazardous
By Application
- Commercial Establishments
- Smart Cities
- Private Organizations
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Digital Waste Management Solution Market by Component
Chapter 6. Asia Pacific Digital Waste Management Solution Market by Waste Type
Chapter 7. Asia Pacific Digital Waste Management Solution Market by Application
Chapter 8. Asia Pacific Digital Waste Management Solution Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Schneider Electric SE
- Rubicon Technologies, Inc.
- Veolia Environnement S.A.
- c-trace GmbH
- AMCS Group
- Waste Harmonics
- ISB Global
- Sensoneo j.s.a.
- Big Belly Solar, LLC.
- Evreka
Methodology
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