Market Trends of NA Hazardous Waste Handling Automation Industry
This section covers the major market trends shaping the North America Hazardous Waste Handling Automation Market according to our research experts:
Growing Concerns Over Listed Waste Management Expected to Drive Market Demand
- Listed wastes are wastes from common manufacturing, industrial processes, and specific industries and can be generated from discarded commercial products. The increasing industrialization, urbanization, and changes in the pattern of life, which accompany the process of economic growth, give rise to the generation of these wastes.
- The automation solutions also help control the expenditure on healthcare treatment caused by the after-effects of these hazardous wastes in contact with the population. The growth in awareness and the changing environmental conditions are expected to drive the dangerous global waste-handling automation market.
- PegEx Inc., a software developer for the hazardous waste industry, recently supplied its cloud-based PegEx platform to three major new customers, Red Technologies, EnviroSmart, and EnviroCare, to improve productivity, help eliminate risks, and increase the revenues of their waste management businesses.
- The manufacturing sector is one of the most significant sectors for waste production globally. A large portion of these wastes is hazardous due to the presence of chemical substances. Materials from the manufacturing sectors should be disposed of with special care, such as paints, oils, batteries, strong acids and bases, reactive substances, and other ignitable wastes. The improper disposal of these wastes impacts the environment greatly and, ultimately, human beings, which is a significant factor driving the market. Therefore, the increasing amount of waste from the production and manufacturing sector is driving the market's growth.
- The need for automation increased drastically to avoid direct contact with humans with hazardous waste. By deploying various automation solutions, the concerns of proper handling can be reduced, and process efficacy can be improved.
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The United States is Expected to Witness Significant Growth
- The US is expected to dominate the global hazardous waste handling automation market during the forecast period due to its increasing adoption of automation in the waste management process. The US is expected to remain at the forefront of the regional market as the latest technological breakthroughs and adoptions have assisted the advancement of new hazardous waste handling automation products that can make overall processes more efficient and significantly improve accuracy in various applications.
- The country is witnessing a series of new product launches, mergers, and acquisitions in the market, as every vendor wants to utilize the opportunity. The major drivers behind the investments in the market are the continuous evolution and application of new technologies to unlock enormous volumes previously considered non-commercial.
- Veolia, through its subsidiary Veolia North America, recently signed an agreement to take over Alcoa USA Corp.'s Hazardous Waste Treatment Site located in Gum Springs, Arkansas (the US). With this agreement, Veolia plans to expand its hazardous waste treatment and recycling activity globally, starting from North America, by adding a flagship site to its existing portfolio.
- Also, the Michigan Department of Environment, Great Lakes and Energy (EGLE) reissued a license renewal and expansion to Boise, Idaho-based US Ecology's Detroit North hazardous waste management facility. The license is expected to allow US Ecology to continue existing operations, construct and operate two new buildings for storage and treatment, and repurpose an existing building at its Detroit facility. The renewal plans will further strengthen the country's waste management systems. According to Owlcation, More than 10,000 tons of waste are dumped daily at the Apex Regional landfill site in Las Vegas, the largest landfill facility in the world by area.
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