Vacuum Waste Systems Market Analysis

Vacuum Waste Systems Market Analysis

Rising population along with expanding urbanization will increase the demand of waste management services globally. Thus, use of these systems not only minimizes collection scheduling issues to bins but also reduces the vehicle distance travelled to collect waste from different locations. Moreover, it also minimizes vehicle access issues to busy or narrow streets.

Vacuum waste systems improve hygiene by litter reduction as no bin overflows ever, they also reduce odour and noise issues associated with waste collections vehicles. Moreover, these systems also minimize the operation cost and offer more amenity space on the ground.

The complexities associated with the adoption & implementation of such advanced technologies along with appropriate infrastructure. Additionally, high cost associated with its installation & maintenance may hamper the adoption these systems in the near term. However, increasing population along with rise in urbanization will propel the demand of vacuum waste system for waste collections & management services.

Vacuum waste systems market is segmented on the basis of surface position, product type and end-use sectors. Based on surface position it is further categorized into underground and over ground; and by product type it is classified into stationary and mobile vacuum waste systems, that finds wide applications in residential, commercial, industrial, institutional and transportation systems.

Underground vacuum waste system accounts for more than half of the overall revenue and the segment is likely to dominate its growth rate over the study timeframe, when compared to over ground systems.

Underground systems offer source-separated waste collection in places that lacks space for the storage containers or bins and also limits the accessibility of waste collection vehicles, that is required to collect several waste fractions for further dispose. This in turn will increase their demand in the near term.

The stationary vacuum waste system accounts for more than half of the market share and will continue its dominance through 2026. Stationary systems offer smooth operations throughout the year with minimal to no disruption. Moreover, they are also security advantageous as inlets in public realm can be fitted with automatic locking mechanism, which can be initiated remotely from the control system, which in turn will drive their growth.

The residential sector accounts for one fourth of the market revenue and will grow at significant rate by 2026. Vacuum waste systems at residential areas handle wastes in minutes with improved recycled rates. Moreover, application of these systems in residential places requires less energy and low long-term maintenance costs, which in turn will further propel its demand in the sector over the coming years.
 

Europe will dominate the vacuum waste systems market with the largest share during the projected timeframe owing to wide usage of these systems by various developed and developing countries such as Germany, France, Spain, Sweden, and Finland. Europe dominance in the market can also be attributed to presence of key product manufactures in the region, which reduces its dependence on the import of product.
 

Moreover, rising awareness towards clean environment and waste management services across various end-use sector of the region will further propel regional vacuum waste systems growth by 2026.