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The installed base of smart waste sensors to reach 1.5 million units worldwide in 2023

January 10, 2020 / IoT.Business.News

Berg Insight, the world’s leading M2M/IoT market research provider, today released new findings about the market for smart waste management. The installed base of smart waste sensors reached 379,000 worldwide in 2018. Growing at a compound annual growth rate (CAGR) of 30.8 percent, this number will increase to 1.5 million in 2023. These wirelessly connected fill-level sensors can either be pre-integrated into waste bins and containers or retrofitted into existing ones. Europe accounts for more than 50 percent of the installed base. Markets such as the Benelux, France, the UK, Spain and the Nordics have seen particularly positive market developments.