July 26, 2022 08:40 ET | Source: FACT.MR FACT.MR

United States, Rockville MD, July 26, 2022 (GLOBE NEWSWIRE) -- Fact.MR – A Market Research and Competitive Intelligence Provider: The global automated waste collection system is currently valued at US $ 286.4 Million. This is expected to increase at a CAGR of 8.9% to reach a market value of US$ 671.9 Million by 2032.

Municipalities in many countries have now shifted to automatic waste collecting systems, replacing the manual way of collecting trash. Moreover, automated waste collection systems offer various several environmental and operational advantages. In addition to this, increasing awareness regarding environmental care is expected to boost the growth of the market. Other factors such as rising population and industrialization are leading to high rise in volume of waste across the globe.

Also, use of artificial intelligence and IoT in waste automation systems is expected to boost the growth of the market. Artificial intelligence and robotics will help separate garbage and will make the job simpler and less time consuming.

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Besides this, many key players are focusing on creating apps to spread awareness about automatic waste collection systems. Moreover, these apps help users in knowing how much waste they are producing. Also, rise in debris across cities is pushing many players to use hi-tech solutions to address this issue.

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Automated waste collection systems manufacturers are focusing on new product development and upgrading it with robotics and artificial intelligence. Market is highly consolidated and top manufacturers in the landscape hold around 25% to 30% of the market share. For instance,

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More Valuable Insights on Waste Automation Systems Market

In its recent study, Fact.MR reveals factors influencing the growth in the global Waste Automation Systems Market during the assessment period. The study also offers compelling insights into prominent drivers creating growth opportunities in the Waste Automation Systems through detailed segmentation as follows:

Segmentation of Automatic Waste Collection System Industry Research

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