As per a recent report by Berg Insight, the global count of waste collection locations integrated with smart waste sensor technology hit 657,000 in the year 2020. Waste sensors offer an efficient means to monitor and optimize waste collection, enabling more effective resource allocation in waste management. Their widespread adoption reflects a global trend towards creating more sustainable and eco-friendly practices in various industries, aligning with the broader push for environmental conservation and smart city initiatives.
According to the above research, Europe possesses over half of the total installed base, primarily dominated by regions like the Benelux, France, the UK, Spain, and the Nordics. In 2020, the installed base in the North American market attained 209,000 units, while the Rest of World market, excluding China, is expected to experience a significant growth rate of 36.5%, projecting a surpassing total of over half a million installed sensors by 2025.
With over 17% of our customers being from the Infrastructure sector and 7% from Smart City, 1NCE witnesses the high relevance of IoT to Waste Management and can anticipate rapid growth in the following years.