Overview and Scope
Hazardous waste handling automation is the process of using technology and
automation systems to enhance the management, handling, and disposal of
hazardous waste materials. It involves the application of various technologies,
including robotics, artificial intelligence (AI), machine learning, sensors,
and automation software, to automate and streamline hazardous waste management
processes.
Sizing and Forecast
The hazardous waste handling automation market size has grown rapidly in recent
years. It will grow from $29.98 billion in 2023 to $33 billion in 2024 at a
compound annual growth rate (CAGR) of 10.1%.
The growth in the historic period
can be attributed to stringent environmental regulations, occupational safety
and health compliance, increased volume of hazardous waste, cost-efficiency and
resource optimization, risk reduction and minimization..
The hazardous waste handling automation market size is expected to see strong
growth in the next few years. It will grow to $46.61 billion in 2028 at a
compound annual growth rate (CAGR) of 9.0%.
The growth in the forecast period can be attributed to technological
integration in waste management, circular economy and sustainable practices,
global industry trends in waste reduction, cross-sector collaborations, public
awareness and environmental concerns.. Major trends in the forecast period
include blockchain for compliance tracking, enhanced emergency response, data
analytics for decision-making, collaboration with technology providers, focus
on worker safety..
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Segmentation & Regional Insights
The hazardous waste handling automation market covered in this report is
segmented –
1) By Type: Manipulator Arms, Telescoping Masts, Cranes, Trusses, Size
Reduction Systems
2) By Waste: Listed Wastes, Characteristic Waste, Universal Wastes, Mixed
Wastes
3) By End-User Industry: Manufacturing, Chemical, Energy, Consumer Care,
Government, Other End Users
North America was the largest region in the global hazardous waste handling
automation market in 2023. Asia-Pacific is expected to be the fastest-growing
region in the forecast period. The regions covered in the hazardous waste
handling automation market report are Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing amount of waste is expected to boost the growth of the hazardous
waste handling automation market going forward. The rapid rise in population
and urbanization has led to an increase in the amount of waste which includes
both hazardous and non-hazardous waste. While non-hazardous waste is
comparatively easier to dispose of, hazardous waste disposal requires immediate
attention. Hazardous waste handling automation ensures safe disposal of this
waste, which otherwise could pose a risk to the manual handlers and the
environment. For instance, in February 2022, according to an article published
by the World Bank, a US-based international organization that provides
financing, advice, and research to developing nations, the waste generated in
2020 was estimated to be 2.24 billion tons of solid waste, which amounted to a
footprint of 0.97 kilograms of waste per person per day. Furthermore, with the
rapid growth of population and urbanization, annual waste generation is set to
see an increase of 73%, amounting to 3.88 billion tons by 2050. Therefore, the
increasing amount of waste is driving the growth of the hazardous waste
handling automation market.
Key Industry Players
Major companies operating in the hazardous waste handling automation market
report are Hydrauliska Industri AB, Clean Harbors Inc., Konecranes Oyj, Penz
Crane GmbH, PaR Systems Inc, Autosales Incorporated., Floatograph Technologies,
Pallmann, Hosokawa Micron Powder Systems, Terex MHPS GmbH, Cargotec Corp.,
Covanta Holding Corp., Orange Business Services, Fritz Schäfer GmbH, Vecoplan
AG, BHS-Sonthofen GmbH, Bühler Group, ANDRITZ AG, Komptech Group, Ecolab Inc.,
Veolia Environnement S.A., SUEZ India Private Limited, Stericycle Inc.,
Cleanaway Waste Management Limited, Remondis SE & Co. KG, Republic Services
Inc., Advanced Disposal Services Inc., Casella Waste Systems Inc., Bigbelly
Inc., Fomento de Construcciones y Contratas Environment Limited, Green For Life
Environmental Inc., Meridian Waste, Progressive Waste Solutions Ltd., Recology,
Rumpke Consolidated Companies Inc.
The hazardous waste handling automation
market report table of contents includes:
1. Executive Summary
2.
Hazardous Waste Handling Automation Market Characteristics
3.
Hazardous Waste Handling Automation Market Trends And Strategies
4.
Hazardous Waste Handling Automation Market - Macro Economic Scenario
5. Global
Hazardous Waste Handling Automation Market Size and Growth
.
31. Global
Hazardous Waste Handling Automation Market Competitive Benchmarking
32. Global
Hazardous Waste Handling Automation Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Hazardous Waste Handling Automation Market
34.
Hazardous Waste Handling Automation Market Future Outlook and Potential
Analysis
35.
Appendix
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