The smart bin sensor market is expected to grow from USD 150 million in 2022 to USD 286.36 million by 2032, at a CAGR of 13% during the forecast period 2023-2032.
These sensors help track the waste quantity and type in a waste bin. They send remote alerts to the handler for better-reduced carbon footprint and increased recycling rates and measure the initiative's impact. This information also allows us to cut costs, plan waste pick up and create a hassle-free environment for drivers and other waste management staff. These data are gathered in real-time and can be put into 3D graphs to better understand waste management for a particular area and make it more effective. These sensors are small, discrete, and easy to fix, handle, and operate. They are a cost-effective way of increasing the efficiency of waste management systems.
The perennial problem of urban waste management has prompted government authorities to develop and employ innovative waste management practices. Therefore, the growing emphasis on smart and innovative waste management technologies will drive the market's growth. The increasing urbanization with the proliferation of smart cities will increase the demand for smart bin sensors and other such innovative technologies in the future. The technological advancements utilizing artificial intelligence and the Internet of Things will offer lucrative opportunities in the market and contribute to its future development. The high costs of manufacturing and installation will hamper the market's growth. The lack of awareness about smart bin sensors will also challenge the market's growth and development.
This study comprehensively analyses the capacity, application, distribution channel and region. The capacity segment includes 8-13 Gallon, 14-23 Gallon, and Above 23 Gallon. The 14-23 gallon is the leading type segment in 2022. The 14-23 gallon capacity bins have a wide variety of options for users. Given the large amount of trash they generate daily, they are ideal for commercial establishments or public utility services. The application segment includes residential and commercial. The residential is the leading application segment in 2022. The increasing demand for housing, rising urbanization, and smart city development will drive the segment’s growth. The distribution channel segment includes online and offline. Online will be the leading distribution channel segment in 2022. The expansion of the e-commerce industry with the rising ownership of smart connected devices will drive the segment's growth. The introduction of online sales by market players will also bode well for the segment's expansion.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia Pacific is leading the regional segment. The increasing government initiatives and expenditure on smart city development will drive the regional market's growth. The growing emphasis on smart technologies to manage urban waste acquisition and disposal will also segment the region's growth. The increasing adoption of smart technologies for urban waste management by urban local bodies will drive the market's growth.
Some notable smart bin sensor market players are Ausko Pte Ltd., BIG BELLY LLC., Binology LLC, CleanRobotics, EcubeLabs, EKO USA, EvoEco, HANGSHAU Houseware Co. Ltd., Home Depot Inc., iTouchless Housewares & Products Inc., etc.
Smart Bin Sensor Market Analysis and Forecast, Capacity
Smart Bin Sensor Market Analysis and Forecast, Application
Smart Bin Sensor Market Analysis and Forecast, Distribution Channel
Smart Bin Sensor Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Capacity
4.3.2. Market Attractiveness Analysis by Application
4.3.3. Market Attractiveness Analysis by Distribution Channel
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing smart city development
5.3. Restraints
5.3.1. The high cost of installation
5.4. Opportunities
5.4.1. The integration of IoT and AI
5.5. Challenges
5.5.1. The lack of awareness
6. Global Smart Bin Sensor Market Analysis and Forecast, By Capacity
6.1. Segment Overview
6.2. 8-13 Gallon
6.3. 14-23 Gallon
6.4. Above 23 Gallon
7. Global Smart Bin Sensor Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Residential
7.3. Commercial
8. Global Smart Bin Sensor Market Analysis and Forecast, By Distribution Channel
8.1. Segment Overview
8.2. Online
8.3. Offline
9. Global Smart Bin Sensor Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Smart Bin Sensor Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Smart Bin Sensor Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Ausko Pte Ltd.
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. BIG BELLY LLC.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Binology LLC
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. CleanRobotics
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. EcubeLabs
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. EKO USA
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. EvoEco
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. HANGSHAU Houseware Co. Ltd.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Home Depot Inc.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. iTouchless Housewares & Products Inc.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
2. Global 8-13 Gallon Smart Bin Sensor Market, By Region, 2019-2032 (USD Billion)
3. Global 14-23 Gallon Smart Bin Sensor Market, By Region, 2019-2032 (USD Billion)
4. Global Above 23 Gallon Smart Bin Sensor Market, By Region, 2019-2032 (USD Billion)
5. Global Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
6. Global Residential Smart Bin Sensor Market, By Region, 2019-2032 (USD Billion)
7. Global Commercial Smart Bin Sensor Market, By Region, 2019-2032 (USD Billion)
8. Global Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
9. Global Online Smart Bin Sensor Market, By Region, 2019-2032 (USD Billion)
10. Global Offline Smart Bin Sensor Market, By Region, 2019-2032 (USD Billion)
11. Global Smart Bin Sensor Market, By Region, 2019-2032 (USD Billion)
12. North America Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
13. North America Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
14. North America Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
15. U.S. Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
16. U.S. Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
17. U.S. Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
18. Canada Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
19. Canada Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
20. Canada Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
21. Mexico Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
22. Mexico Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
23. Mexico Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
24. Europe Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
25. Europe Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
26. Europe Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
27. Germany Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
28. Germany Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
29. Germany Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
30. France Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
31. France Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
32. France Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
33. U.K. Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
34. U.K. Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
35. U.K. Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
36. Italy Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
37. Italy Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
38. Italy Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
39. Spain Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
40. Spain Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
41. Spain Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
42. Asia Pacific Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
43. Asia Pacific Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
44. Asia Pacific Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
45. Japan Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
46. Japan Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
47. Japan Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
48. China Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
49. China Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
50. China Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
51. India Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
52. India Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
53. India Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
54. South America Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
55. South America Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
56. South America Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
57. Brazil Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
58. Brazil Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
59. Brazil Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
60. Middle East and Africa Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
61. Middle East and Africa Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
62. Middle East and Africa Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
63. UAE Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
64. UAE Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
65. UAE Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
66. South Africa Smart Bin Sensor Market, By Capacity, 2019-2032 (USD Billion)
67. South Africa Smart Bin Sensor Market, By Application, 2019-2032 (USD Billion)
68. South Africa Smart Bin Sensor Market, By Distribution Channel, 2019-2032 (USD Billion)
List of Figures
1. Global Smart Bin Sensor Market Segmentation
2. Smart Bin Sensor Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Smart Bin Sensor Market Attractiveness Analysis by Capacity
9. Global Smart Bin Sensor Market Attractiveness Analysis by Application
10. Global Smart Bin Sensor Market Attractiveness Analysis by Distribution Channel
11. Global Smart Bin Sensor Market Attractiveness Analysis by Region
12. Global Smart Bin Sensor Market: Dynamics
13. Global Smart Bin Sensor Market Share by Capacity (2022 & 2032)
14. Global Smart Bin Sensor Market Share by Application (2022 & 2032)
15. Global Smart Bin Sensor Market Share by Distribution Channel (2022 & 2032)
16. Global Smart Bin Sensor Market Share by Regions (2022 & 2032)
17. Global Smart Bin Sensor Market Share by Company (2022)
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