From GlobeNewswire: 2025-06-12 09:30:00

The Smart Waste Management Market was valued at USD 3.11 billion in 2024, expected to reach USD 8.90 billion by 2032 with a CAGR of 14.13%. Driven by IoT and AI, the market is revolutionizing urban waste management, with the U.S. market projected to grow to USD 2.08 billion by 2032.

Smart waste systems are now a key component of over 70% of smart city projects, reducing collection costs by up to 40% and increasing operational efficiency by 20%-30%. North America leads the market, with Europe and APAC driving rapid growth. The U.S. is ahead regionally due to high urbanization rates and strong government support.

In 2024, IoT-based technologies led the market with a 36.13% revenue share, while AI segment is set to grow fastest at a 15.30% CAGR. Solid Waste segment led with a 74.75% revenue share, with Special Waste segment projected to grow fastest at a 16.78% CAGR by 2032.

Residential segment held the largest market share in 2024 at 46.87%, with the business segment projected to grow at the fastest CAGR of 15.29% over 2025-2032. Leading market players include Reworld, Veolia North America, and IBM Corporation.

Recent developments include Reworld receiving fresh capital and Veolia signing a contract to run a wastewater treatment plant. SNS Insider is a leading market research agency providing clients with accurate market data and insights to make informed decisions.



Read more at GlobeNewswire: Smart Waste Management Market Size to Hit USD 8.90 Billion