Asia Pacific automated waste collection systems market in Asia Pacific 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.
Automated waste collection systems are being highly preferred across healthcare institutions. The waste management and collection systems transfer materials at 60 miles per hour through a sealed, dedicated pipe network from loading stations on patient floors to a central collection operation. Separate paths are used to move waste, compost, and soiled linen to the appropriate collection bins. This is leading to the rise in investments in automatic collection technologies in industries such as hospitality, healthcare, and retail. For instance, Logiwaste AB has supplied three different automatic waste collection systems to Karolinska Hospital, Stockholm. Thus, the rising investments by organizations from different industries, especially healthcare, to implement automatic waste collection and management systems is expected to fuel the growth of the market in the coming years.
The Asia-Pacific automated waste collection systems market is matured in China, South Korea, and South East Asia. These countries have been installing AWCS over the years in order to reduce any harmful effects caused by garbage and enhance respective country’s overall environment. However, the COVID-19 virus outbreak has had paused the adoption of the same temporarily during Q1 and Q2 of 2020. The manufacturers of AWCS had to momentarily shut-down their production plants in order to adhere to the government norms of physical distancing and lockdown. This caused negative impact on the automated waste collection systems market. Since, several Asian AWCS manufacturers procure raw materials from China, the epicenter of COVID-19 virus, the manufacturers experienced 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 showcased weakened the automated waste collection systems market in the region. However, from Q3 of 2020, scenarios turned positive, as Chinese manufacturing sector begun 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 automated waste collection systems market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific automated waste collection systems market. The Asia Pacific automated waste collection systems market is expected to grow at a good CAGR during the forecast period.
Asia Pacific Automated Waste Collection Systems Revenue and Forecast to 2028(US$ Million)
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Asia Pacific Automated Waste Collection Systems Segmentation
By Product Type
- Stationary
- Mobile
By End User
- Airports
- Educational Institutions
- Hospitals
- Corporate Offices
- Hotels / Restaurants
- Others
By Country
- Asia Pacific
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Companies Mentioned -
- ENVAC AB
- STREAM ENVIRONMENT
- MARIMATIC OY
- MEIKO Group
- MABAT
- EVAC GROU
Asia Pacific Automated Waste Collection Systems Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 53.52 Million |
| Market Size by 2028 | US$ 88.38 Million |
| CAGR (2021 - 2028) | 7.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
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