Smart Bins Find Rising Adoption Driven by Innovative Technologies that Improve Costs and Efficiency

Collaborations with technology developers to help bin manufacturers offer a complete smart waste solution, finds Frost & Sullivan Frost & Sullivan's recent analysis,Growth Opportunities in the Global Internet of Bins Market, Forecast to 2025, examines new business models and disruptive technologies and solutions in the market. It forecasts the revenue shares ofsemi-underground containers,four-wheeled and front-end loaders,litter bins,underground containers,smart...

Frost & Sullivan's recent analysis, Growth Opportunities in the Global Internet of Bins Market, Forecast to 2025, examines new business models and disruptive technologies and solutions in the market. It forecasts the revenue shares of semi-underground containers, four-wheeled and front-end loaders, litter bins, underground containers, smart compactors, bins for commercial buildings, and other containers in the geographic regions of Europe, the Americas, Asia-Pacific (APAC), and the Middle East and Africa (MEA).

For further information on this analysis, please visit: http://frost.ly/3y1

"Europe is a pioneer in smart waste management with about 72% of the market share. This strong growth is due to financial constraints of cities and the need for alternatives to reduce waste collection costs," noted Sugumar. "Other factors include a circular economy, collection and recycling targets, and government initiatives. Companies looking to tap opportunities in medium and smaller cities will aim to develop affordable and innovative Internet of Things solutions that can be customized to their needs."

To gain a competitive edge in the market, smart bin companies need to make the most of the growth opportunities presented by:

Growth Opportunities in the Global Internet of Bins Market, Forecast to 2025 is part of Frost & Sullivan's global Environment & Water Growth Partnership Service program.

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Growth Opportunities in the Global Internet of Bins Market, Forecast to 2025
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