North America Digital Waste Management Solution Market Size, Share & Trends Analysis Report By Component (Hardware, and Software & Services), By Waste Type (Recyclable, Non-recyclable, and Hazardous), By Application, By Country and Growth Forecast, 2024 -
North America Digital Waste Management Solution Market Size, Share & Trends Analysis Report By Component (Hardware, and Software & Services), By Waste Type (Recyclable, Non-recyclable, and Hazardous), By Application, By Country and Growth Forecast, 2024 - 2031
The North America Digital Waste Management Solution Market would witness market growth of 12.0% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $1,604.8 Million by 2031. The Canada market is experiencing a CAGR of 14.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 13.4% during (2024 - 2031).
Digital waste management solutions leverage advanced technologies to enhance various aspects of waste management, offering numerous applications that address operational efficiency and environmental sustainability.
Additionally, smart bins with sensors track fill levels and waste composition in real-time, allowing waste management services to optimize collection schedules based on actual needs rather than fixed intervals. Sensors in smart bins can send alerts when they are close to overflowing, reducing the risk of littering and ensuring timely collection.
Canada’s large landmass and diverse urban and rural settings result in varied waste management needs. High waste generation puts considerable strain on existing infrastructure, prompting cities like Toronto and Vancouver to adopt digital waste management solutions to optimize collection routes, reduce landfill use, and manage waste more effectively. According to Statistics Canada, nearly 10.9 million tons of residential waste were generated across Canada in 2020. There were over 15.2 million tonnes of waste from non-residential sources in 2020, up 360,820 tonnes from 2018. Residential waste comprised over two-fifths (42%) of the 26.1 million tonnes of overall waste in 2020, compared with over one-third (35%) in 2002.
Based on Component, the market is segmented into Hardware, and Software & Services. Based on Waste Type, the market is segmented into Recyclable, Non-recyclable, and Hazardous. Based on Application, the market is segmented into Commercial Establishments, Smart Cities, and Private Organizations. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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
North America Digital Waste Management Solution 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
>US
Canada
Mexico
Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Digital Waste Management Solution Market, by Component
1.4.2 North America Digital Waste Management Solution Market, by Waste Type
1.4.3 North America Digital Waste Management Solution Market, by Application
1.4.4 North America Digital Waste Management Solution Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansion
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2020-2024)