BOULDER, Colo.--(BUSINESS WIRE)--The volume of waste generated by the world’s cities is growing in parallel with the world’s population and the pace of economic progress in developing countries. Emerging smart technologies offer the opportunity to enhance the collection of municipal solid waste (MSW), generate renewable energy, and optimize the environmental performance of landfills. Click to tweet: According to a new report from Navigant Research, worldwide revenue from smart MSW technology will grow from $2.3 billion annually in 2014 to $6.5 billion in 2023.
“While the total volume of waste generated globally is expected to grow by nearly 50 percent over the next 10 years, the adoption of innovative technologies will result in more integrated waste management offerings that move beyond the traditional use of labor, diesel trucks, and conventional landfills,” says Mackinnon Lawrence, research director with Navigant Research. “This dynamic evolution in an otherwise stable industry offers a wealth of opportunities for both existing waste hauler stakeholders and new waste-management industry market entrants.”
At the heart of the smart waste evolution, according to the report, is a focus on reducing operational costs and using MSW as a strategic renewable resource for material and energy recovery. This view is supported by technologies for smart collection (using radio frequency identification [RFID] tagging and global positioning system [GPS] routing), smart processing (at advanced recovery facilities that use mechanical biological treatments and refuse-derived fuel production systems), and energy recovery (including waste-to-energy, waste-to-fuels, and landfill gas-to-energy technologies).
The report, “Smart Waste”, analyzes the global market for smart MSW technologies, with a focus on four segments: smart collection, smart processing, smart energy recovery, and smart disposal. Global market forecasts for the volume of MSW generated and managed globally and the revenue generated from the deployment of smart waste technologies, segmented by geography and smart waste segment, extend through 2023. The report also examines key stakeholder initiatives, regulatory issues, market drivers, challenges, and technology developments and profiles the major stakeholders across the MSW value chain. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, “Smart Waste,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
