A study conducted by ABI Research finds that fill-level monitoring solutions for the Waste & Recycling sector, of which SmartBin are the leading global provider, are set to grow by a CAGR rate of 43% over the next 5 years. The report claims Waste and Recycling collectors will opt for Intelligent Monitoring of their bin and container assets as the driver in reducing operational costs and improving efficiency. It is expected that globally deployed sensors will reach in to the hundreds of thousands by 2020.
The findings of the report reflect SmartBin’s rapid growth in the General Waste, Clothing Recycling and Waste Oil markets in particular. “In the past 6 months we have seen a hugely positive reaction to the SmartBin solution with several major deployments recorded in 2015 already. The realisation by collectors that Intelligent Monitoring of their container assets is vital to sustaining their businesses and providing an optimal service over the long term is notable and we expect 2015 to be a landmark year for the company” stated Sales & Markeing Director, Brendan Walsh.
Read more about the report HERE.