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Integration of Connectivity With Industrial IoT Results in Intuitive Recycling Methods that Aid in Achieving Operational Efficiency and Building a Sustainable Environment
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The objective of this research is to analyse and evaluate the strategic opportunities in the waste recycling market to leverage on advanced automation solutions and Industrial Internet of Things (IIoT) based technologies that aid to fulfil Europe’s ambition to build a sustainable environment. This study offers a holistic analysis of the market challenges, drivers, and the current stage of automation adoption in the waste recycling market. Additionally, the study assesses the type of waste recycling equipment used across various waste streams and provides insights, such as modularisation, enhanced machine control, and improved equipment performance, on the scope of future advancements in equipment. Europe being the powerhouse for automation has a majority of automated recycling plants and its OEMs have a strong presence in the recycling waste market. They offer an extensive range of advanced automation equipment; their share in automation revenue is estimated to be 50. While assessing the key automation products used in the recycling waste market, controls, Human Machine Interface (HMI), motors, and drives are identified as widely adopted by end users. Increasing investments and stringent regulations in the WEEE and ELV waste streams are likely to lead to higher degree of automation in the recycling process, thereby creating a greater revenue opportunity for automation and recycling equipment vendors.
With the emergence of digitalisation and IIoT, embracing these technologies across the recycling waste market will help achieve regulatory targets and create a sustainable environment. IIoT technologies, such as intelligent sensors, cloud computing, Big Data and analytics, and industrial mobility, to name a few, aid in smart monitoring, which helps reduce the cost and deliver high-quality services. Moreover, end users are gradually shifting to custom-made modular solutions that are embedded with intelligence. They perceive that modularisation offers the twin benefits of flexibility and cost effectiveness. This also helps to expand the market scope by extending the solution to small and medium enterprises (SMEs); it can also be used by diverse waste streams.
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