Smart Bin Market Analysis By Product, Application And Capacity Forecast To 2025

The smart bin market is estimated to grow USD 0.8 billion by 2025, at a CAGR of approximately 24%. The future of the smart bin market creates new prospects in the residential and commercial building industry. The smart bin market is expected to decline in 2020 due to COVID-19 and is expected to recover in 2021. The major growth drivers for this market are increasing demand for smart cities, and an increase in usage of wireless connecting devices and Internet of Things (IoT).

APAC is the fastest growing region due to growth of the semiconductor industry in the China, and Japan. Solar and battery powered type are the two type of smart bin used in residential and commercial building industry.

Bigbelly, Ecuba Labs, Enevo, SmartBin, Nordsense are among the major manufacturers of smart bin market.

Report Scope:

The scope of the global smart bin market report is as follows:
Key Features Description
Base Year 2019
Trend Period 2014-2019
Forecast Period 2020-2025
Units Considered Value ( $ Million)
Market Segments Product type (solar and battery), by Capacity 14 galloon, 15 to 30 galloon, and above 30 Gallon ), by Application (Residential and Commercial),
Regional / Country North America ( US, Canada, and Mexico), Europe (UK, Germany, Italy, and Rest of Europe), Asia Pacific (Taiwan, Japan, China, South Korea, and Rest of APAC), and RoW

Research Methodology
Market Investigate performed both primary as well as exhaustive secondary research for this study. Initially, Market Investigate analyzed all the leading smart bin manufacturers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the company personnel were enquired about their key products, revenues, manufacturing plant location, and competitors. For this study, Market Investigate conducted more than 20 interviews, the same are mentioned below:

By company type: Manufacturers (50%), Consumers (25%), Researchers (15%), Independent industry consultant (10%)

By geography: North America (25%), Asia (40%), Europe (25%), Rest of the World (15%)

By designation: Top level (40%), Operation level (20%), Mid-level (40%)

Market Investigate analyzed the product type, capacity, application and regional presence of all major smart bin manufacturers across the globe. Market size for global smart bin was calculated by using bottom-up approach as well as top –down approach. Various secondary sources such as secondary sources directories, database, company annual reports, white papers, investor presentations and financial reports were also studied to estimate the market size and growth rate.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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