Asia Pacific Automated Waste Collection Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Stationary and Mobile), End-user (Airports, Educational Institutions, Hospitals, Corporate Offices, Hotels / Restaurants, and

Asia Pacific Automated Waste Collection Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Stationary and Mobile), End-user (Airports, Educational Institutions, Hospitals, Corporate Offices, Hotels / Restaurants, and Others)

The Asia Pacific automated waste collection systems market is expected to grow from US$ 53.52 million in 2021 to US$ 88.38 million by 2028; it is estimated to grow at a CAGR of 7.4% from 2021 to 2028. Governments and businesses are looking for ways to use emerging technologies such as smart sensors, the internet of things (IoT), and cloud systems to improve the collection rate of different waste types. New solutions for smart waste management have recently been implemented as part of developing and deploying smart city projects and networks. Smart waste management technology is still in its infancy. Smart waste collection bins with ultrasonic sensors attached to calculate the amount of empty space can be found across the country. They are anticipated to use a sensor gateway based on the long-range wide-area network (LoRaWAN) protocol and cloud services for data collection, analysis, and visualization of wastes. Thus, the rising initiatives to automate waste collection, coupled with the growing need for its proper analysis and data collection through integration with government smart city platforms, is expected to fuel the growth of the Asia Pacific automated waste collection system market.

The Asia Pacific automated waste collection systems market is segmented into product type, end user, and country. Based on product type, the Asia Pacific automated waste collection systems market is bifurcated into stationary and mobile. In terms of end user, the market is segmented into airports, educational institutions, hospitals, corporate offices, hotels and restaurants, and others. In 2021, the stationary segment accounted for a larger market share. In stationary waste collection systems, the garbage is directly transported by pipes with the help of air pressure, where it is compressed in seal containers. Thus, it is not required to be collected by trucks. Exhausters produce negative pressure in the pipe system, allowing air to flow freely. However, the mobile segment is estimated to register a higher CAGR during the forecast period.

The Asia-Pacific automated waste collection systems market is matured in China, South Korea, and Southeast Asia. These countries have been installing AWCS over the years to reduce any harmful effects caused by garbage and enhance the respective country's overall environment. However, the COVID-19 outbreak temporarily paused the adoption of the same during Q1 and Q2 of 2020. Manufacturers of AWCS had to momentarily shut down their production plants to adhere to the government norms of physical distancing and lockdown. This caused a negative impact on the automated waste collection systems market. Since several Asian AWCS manufacturers procure raw materials from China, the epicenter of the COVID-19 virus, the manufacturers experienced a significant delay in logistics during Q1 and Q2 of 2020, which led the automated waste collection system manufacturers to postpone their installation plans. This resulted in revenue loss, which ultimately weakened the region's automated waste collection systems market. However, from Q3 of 2020, scenarios turned positive. Chinese manufacturing sector began operating, and supply chain disruption normalized, which helped the Chinese as well as other Asian AWCS manufacturers to relatively pace up their production lines and installation activities. This catalyzed the growth of the automated waste collection systems market.

The overall Asia Pacific automated waste collection systems market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Asia Pacific automated waste collection systems market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia Pacific automated waste collection systems market. Some of the activities undertaken by the companies that have promoted market growth are mergers and acquisitions. The companies include ENVAC AB, STREAM ENVIRONMENT, MARIMATIC OY, MEIKO Group, MABAT, and EVAC GROUP.

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