Market Share of Smart Trash Bins Industry
The smart trash bins market is growing in competition as increasing awareness, and growing adoption of these bins are encouraging new players to enter the market. As the market is technology-intensive, vendors are highly focused on developing innovative solutions and adding new functionality to their offerings to achieve market differentiation. Partnerships, mergers, and acquisitions are also among the key strategies adopted by the vendors to expand their market presence further.
In September 2022, Romanian city of Brasov announced its plans to replace every garbage bin with a 'Smart' recycling alternative. The announcement aligns with the Romanian Plan for National Recovery and Resilience. The city, which already operates such systems, plans to purchase 275 more such smart systems, which will cost around EUR 6 million.
In April 2022, North Inc., a leading IoT service provider, was selected to provide sensors for waste containers throughout Edinburgh as part of the city's smart city project. The project will see North provision about 11,000 smart sensors in waste containers throughout the city to enable the city council to optimize collection and manage routes more efficiently.
Smart Trash Bins Market Leaders
CleanRobotics
Ausko Pte Ltd
Evreka
Enevo Inc.
iTouchless Housewares and Products Inc.
*Disclaimer: Major Players sorted in no particular order
