Market Research Engine has published a new report titled as “Smart Trash Bin Market By Product Analysis; By End User Analysis (Residential segment, Commercial segment); By Retail format Analysis and by Regional Analysis – Global Forecast by 2016 – 2022”.

    The global smart trash bin market is projected to register a compound annual growth rate (CAGR) of 16.48% during the forecast period. The growing preference for touchless trash bins as it offers convenience and prevents cross-contamination of germs is expected to drive the smart trash bin market. Some of the major factors responsible for this growing preference include the fast-changing lifestyle, rising need for convenience, and quick-to-adopt latest technologies. In addition, product innovation, technology advancement, efficient waste management systems, and increased use of wireless connecting devices and Internet of Things (IoT) are expected to fuel the growth of the market. However, low and slow adoption of smart solutions in developing countries and conversion of any trash bin into a smart one by technology providers are restricting the growth of the market.

    In this report, the global smart trash bin market is segmented by product, end user, retail format, and region. The market on the basis of end user is segmented into residential and commercial. The global smart trash bin market is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, and Rest of the World. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Brazil, and GCC countries. The report includes a detailed study of the global and regional smart trash bin market and analyzes the variations in the growth of the industry in certain regions.

    A glimpse of the report structure is provided in the report description available on the website.

    https://www.marketresearchengine.com/smart-trash-bin-market

    The Smart trash bin market has been segmented as below:

    By Product Analysis:

    By End User Analysis:

    • Residential segment
    • Commercial segment

    By Retail format Analysis:

    By Regional Analysis:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of World

    iTouchless Housewares & Products, Nine Stars Group, Spectrum Brands, and Simplehuman are the most active players in the smart trash bin market.

    This report covers the smart trash bin market, in terms of value, and forecasts the market size till 2022. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global smart trash bin market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

    The deep-dive study on the smart trash bin market will help customers with the identification of new market opportunities and targeted promotional plans. The report provides global market trends, with data from 2013, estimates for 2014 and 2015, and projections of CAGRs through 2022.

     

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    Source: http://www.financeswire.com/global-smart-trash-bin-market-to-witness-high-growth