North America Hazardous Waste Handling Automation Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Hazardous Waste Handling Automation Market Analysis
The North American hazardous waste handling automation market is expected to grow, registering a CAGR of 7.2% during the forecast period. The market is fueled by increased industrial activity, a rise in production and manufacturing-related waste, and government and industry regulations on managing hazardous waste.
- Automating hazardous waste handling is the method of handling hazardous waste with machines. This can range from classifying and moving the material to actually destroying it. Automation of hazardous waste handling is growing in popularity as businesses explore for solutions to lessen their environmental effect.
- The North American hazardous waste handling automation market is likely to grow significantly over the forecast period as a result of severe governmental and industrial laws designed to keep people safe from hazardous waste in light of the harm caused to people and the environment.
- Because of the rising adoption of automation in the waste management process, the United States is predicted to dominate the North American hazardous waste handling automation market during the forecast period. The region's most recent technology innovations and adoptions have aided in developing dangerous new waste-handling automation products that can improve overall operations and accuracy in several applications.
- Although the American public views hazardous waste as a severe environmental problem, the social and environmental issues brought on by its high development and buildup rates have not received considerable consideration. Because of this, organizations like the EPA have worked to create hazardous waste rules that strike a balance between resource conservation and maintaining the protection of human health and the environment. While particular dangerous wastes can be processed and disposed of in landfills or incinerators, other wastes must be treated and recycled safely and effectively.
- According to the US Energy Information Administration, around 85 pounds of MSW can be burned as fuel to produce energy for every 100 pounds of MSW in the US as of December 2022. Trash-to-energy facilities reduce waste volume by roughly 87% and turn 2,000 pounds of garbage into ash that weighs between 300 and 600 pounds. A massive crane claw gathers rubbish and deposits it in a combustion chamber while generating power in a mass-burn waste-to-energy plant.
- Decomposing or neutralizing hazardous waste has also become difficult due to the need to create new technologies for hazardous waste management. Businesses in the hazardous waste management industry are constantly trying to develop innovations and solutions to problems.
- Furthermore, several non-government organizations (NGOs) and community-based organizations (CBOs) are stepping in to help hospitals and other healthcare facilities collect, recycle, and dispose of medical waste. Such initiatives are expected to boost further the adoption of automation solutions for waste management.
- An exclusive partnership was formed between environmental solutions provider US Ecology and machine learning technology company Smarter Sorting to provide retailers with an automated solution to more safely and compliantly classify and segregate RCRA, hazardous and non-hazardous waste. The exclusive partnership between US Ecology and Smarter Sorting was the first collaboration to incorporate artificial intelligence into the supply chain of retail products classified as waste.
- Several government organizations, such as the Food and Drug Administration (FDA), Environment Protection Agency (EPA), and Drug Enforcement Administration (DEA), are also consistently working toward the proper management of waste to ensure safety from hazardous medical, chemical, and radioactive wastes.
North America Hazardous Waste Handling Automation Market Trends
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.
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.
North America Hazardous Waste Handling Automation Industry Overview
The North American hazardous waste handling automation market is moderately competitive in nature. Product launches, high expenses on R&D, partnerships, and acquisitions are the prime growth strategies that companies in the region adopt to sustain the intense competition.
In February 2023, Terex Corporation announced an equity investment with the Austin-based business Apptronik Inc. ("Apptronik"), which specializes in creating adaptable, mobile robotic systems to usher in the next generation of robots. In addition to the equity investment, the two companies have also agreed to collaborate on developing possible robotic uses for Terex equipment.
North America Hazardous Waste Handling Automation Market Leaders
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DX Engineering
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PaR Systems Inc.
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Konecranes PLC
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Floatograph Technologies
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Pallmann
*Disclaimer: Major Players sorted in no particular order
North America Hazardous Waste Handling Automation Market News
- Aug 2022: Hi-Z Antennas' whole range of HF directive receiving array products for ham radio operators was bought by DX Engineering, assuring that hams worldwide will still be able to use the company's equipment. The design/manufacturing team at DX Engineering will now create Hi-Z devices.
- Mar 2022: The Austrian company XL Kranlogistik signed a partnership agreement and placed a sizeable order for 14 Terex Tower Cranes to supplement its current sizable Terex crane fleet. Most cranes will be used in the company's expanding rental fleet and constructed according to the most recent XL Kranlogistik criteria.
North America Hazardous Waste Handling Automation Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Government and Industry Regulations
5.1.2 Growing Concerns overWaste Management
5.2 Market Challenges
5.2.1 Market Becoming Stagnant in Several Developed Countries
6. MARKET SEGMENTATION
6.1 By Type of Waste
6.1.1 Listed Wastes
6.1.2 Characteristic Wastes
6.1.3 Universal Wastes
6.1.4 Mixed Wastes
6.2 By Product
6.2.1 Manipulator Arms
6.2.2 Telescoping Masts
6.2.3 Cranes
6.2.4 Trusses
6.2.5 Size Reduction Systems
6.2.6 Other Products
6.3 By End-user Industry
6.3.1 Manufacturing
6.3.2 Chemical
6.3.3 Energy
6.3.4 Consumer Care
6.3.5 Government
6.3.6 Other End-user Industries
6.4 By Country
6.4.1 US
6.4.2 Canada
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 PaR Systems Inc.
7.1.2 Konecranes PLC
7.1.3 DX Engineering
7.1.4 Floatograph Technologies
7.1.5 Pallmann
7.1.6 Hosokawa Micron Powder Systems
7.1.7 ACE Inc.
7.1.8 Terex MHPS GmbH
7.1.9 Hiab
7.1.10 PENZ Crane
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
North America Hazardous Waste Handling Automation Industry Segmentation
Hazardous waste management is a process to ensure that the handling, storage, and disposal of hazardous waste is done in a way that protects both human and environmental health and safety.
The North American Hazardous Waste Handling Automation Market is segmented by Type of Waste (Listed Wastes, Characteristic Wastes, Universal Wastes, and Mixed Wastes), Product (Manipulator Arms, Telescoping Masts, Cranes, Trusses, and Size Reduction Systems), End-user Industry (Manufacturing, Chemical, Energy, Consumer Care, and Government), and Country. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
| By Type of Waste | |
| Listed Wastes | |
| Characteristic Wastes | |
| Universal Wastes | |
| Mixed Wastes |
| By Product | |
| Manipulator Arms | |
| Telescoping Masts | |
| Cranes | |
| Trusses | |
| Size Reduction Systems | |
| Other Products |
| By End-user Industry | |
| Manufacturing | |
| Chemical | |
| Energy | |
| Consumer Care | |
| Government | |
| Other End-user Industries |
| By Country | |
| US | |
| Canada |
North America Hazardous Waste Handling Automation Market Research FAQs
What is the current NA Hazardous Waste Handling Automation Market size?
The NA Hazardous Waste Handling Automation Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)
Who are the key players in NA Hazardous Waste Handling Automation Market?
DX Engineering, PaR Systems Inc., Konecranes PLC, Floatograph Technologies and Pallmann are the major companies operating in the NA Hazardous Waste Handling Automation Market.
What years does this NA Hazardous Waste Handling Automation Market cover?
The report covers the NA Hazardous Waste Handling Automation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the NA Hazardous Waste Handling Automation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
NA Hazardous Waste Handling Automation Industry Report
Statistics for the 2024 NA Hazardous Waste Handling Automation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. NA Hazardous Waste Handling Automation analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
