Vacuum Waste Systems Market by Development Factors and Future Growth Prospects to 2026

North America Vacuum waste systems market has generated a massive revenue of over USD 60 million in 2018 and is expected to gain considerably over the coming years. Growing demand for vacuum waste systems in transportation and other industrial sectors across the region is positively impacting industry size. Moreover, large scale installations of these systems in major commercials places in the region, such as Quartier des Spectacles of Montreal, Hudson Yards of Manhattan, and new city center of Carmel, will further drive regional growth.
Stationary vacuum waste market is likely to register a CAGR of 8% over 2019-2026 owing to wide-ranging application of the product in various end-use industries. These systems are not only suitable for collecting waste from all streams, but they also alleviate pollution, noise, and odor problems. Stationary vacuum waste systems also reduce the usage of waste collection through trucks in municipal areas along with enhancing safety of collection workers.
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The global vacuum waste systems market size is touted to cross the USD 1.3 billion mark by 2026.
In 2018, vacuum waste systems market share from transportation systems sector contributed more than 25% in the global market share. Such massive growth can be attributed to widespread usage in trains, ships, and airplanes for waste collection. Moreover, rising demand from other transportation systems, such as metros and buses will further increase their share in the market over the analysis period.
Vacuum waste systems transport waste using vacuum technology through an underground network of pipes. The biggest advantage of using these systems is significant reduction in CO2 emissions, above 90% as compared to traditional collection models by truck.
Vacuum waste systems market outlook is likely to be driven by growing awareness pertaining to waste management and sustainable utilization of resources. Various initiatives undertaken by governments, as well as privately held organizations, for waste management and recycling will support industry growth further.
That being said, it is imperative to note that even though underground vacuum waste systems are garnering rapid acceptance, overground waste vacuum systems still predominate in a number of end use sectors.
Waste collection and rubbish disposal play a major role in cleanliness, population health index, conservation of resources, and sustainability drive. In a bid to protect environment and health of the population, governments across the globe have initiated various waste management and recycling programs.
Spreading consumer awareness regarding Sustainable Development Goals laid down by the UN coupled with adoption of smart sustainable infrastructure for waste management will positively impact vacuum waste systems market growth over the coming years.
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Underground vacuum waste systems dominate the market with over 50% share in the overall revenue and the segment is likely to showcase impressive growth rate through 2026. These systems are witnessing massive adoption as they not only utilize the underground space but also create space on the surface. The saved space can further be used by residential areas or recreational new green fields. Underground vacuum waste systems also aid in preserving sensitive areas, such as historical city centers and archaeological sites. Offering ample application scope in residential and commercial sector, these systems will experience massive demand over the analysis period.
Key players operating in vacuum waste systems market include Marimatic Oy, Envac AB, and Wärtsilä Oyj Abp, among others. These players are focusing on strategic acquisitions, cost optimization strategies, technology advancement, and product differentiation to gain a competitive edge over the market and achieve profitability.
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