Albany, NY -- (SBWIRE) -- 07/11/2016 -- As the global population continues to grow at a rapid pace, the waste management issues are expected to become more complex, predict analysts from Transparency Market Research (TMR). TMR recently published a new report on the global smart waste management market. As per the report, the market is expected to benefit from the rising adoption of different recycling technologies to derive energy from waste.

Complete Report with TOC : http://www.transparencymarketresearch.com/smart-waste-management-market.html

A smart city may avail smart waste recycling services to enhance the management of wastage of resources such as energy, water, food, power, medicines, and other consumables. The advent of smart applications and technologies such as smart security, water waste management, food waste management, and smart meters has developed the smart waste management services. Smart waste management comprises management and recycling of everyday waste generated from various industries, construction projects, demolition activities, sewage, agricultural activities, and quarrying and mining activities.

TMR analysts answer a few questions related to the global smart waste management market:

Q. How are leading companies using different waste recycling technologies for smart waste management?

A. Leading waste management companies are currently focusing on using different waste recycling technologies such as biological treatment, incineration, and thermal treatment. The primary focus of the companies is to derive fuels and energy by recycling collected waste. They aim to introduce new ways of converting waste to fuel and waste to energy. Leading companies operating in the global smart waste management market are signing partnership contracts with the new entrants to develop energy recovery facilities.

Covanta Energy, a U.S. based waste and energy solutions company, recently partnered with Veolia to introduce new energy recycling facility in the U.K. The new energy-from-waste facility is expected to annually collect and process approximately 480,000 metric tons of commercial, industrial, and municipal waste to produce more than 50MW of low-carbon energy. This energy will be sufficient to supply power to as many as 65,000 houses.

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Such partnerships will give rise to new waste recycling technologies, thus can boost the global smart waste management market.

Q. What are the primary factors driving the global smart waste management market?

A. The global smart waste management market is in the development stage but a few factors are expected to drive its growth rapidly. The increasing government funding to discover new landfilling alternatives is expected to benefit the global market for smart waste management. The investments in new smart waste management technologies are expected to grow in the emerging economies.

Region-wise, Asia Pacific is expected to witness double-digit growth owing to the growing realization of waste management companies about the changing trends in waste-to-fuel and waste-to-energy segments.

Q. How is the medical sector benefiting from smart waste management solutions?

A. The consistently growing healthcare industry has made the medical waste management segment the most lucrative. In recent years, technological advancements have been boosting the global medical tourism industry. The process of manufacturing new medicines leads to the release of various toxic components on the land and in the water. The new medical waste management techniques used by medical waste management companies are eco-friendly and recycle toxic components and wastes without emitting harmful gasses.

Major companies operating in the global smart waste management market are coming up with environment-friendly smart waste management solutions.

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