BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research examines the global market for smart waste collection technologies, providing an analysis of the market drivers and barriers associated with these technologies, as well as global revenue and smart bin deployment forecasts, segmented by region, through 2025.
Globally, ample opportunity exists for smart waste collection solutions that can increase efficiency and improve the quality of these services. The commercialization of related technologies represents a fertile ground for existing waste haulers and new market entrants, particularly as city administrators face pressure to carry out waste collection as efficiently and effectively as possible—often on a tight budget. Click to Tweet: According to a new report from @NavigantRSRCH, the global smart waste collection technology market is expected to grow from $57.6 million in 2016 to over $223.6 million in 2025.
“Due to population growth and urbanization, the amount of municipal waste generated throughout the world continues to accelerate,” says Christina Jung, research associate with Navigant Research. “Smart solutions for tracking waste levels, route optimization, and operational analytics allow municipalities and waste service managers to optimize waste management services, reduce operational costs, and better address the environmental issues associated with inefficient waste collection.”
According to the report, most municipal waste collection operations focus on emptying containers according to predefined schedules at a set frequency, creating the possibility of half-full bins being emptied, poor use of city assets, and unnecessary fuel consumption. While the smart waste collection market is still in its early phase, a wide availability of commercially viable technologies and growing interest in connectivity and city IoT networks are expected to drive growth in this market, reducing these issues.
The report, Smart Waste Collection, examines the global market for smart waste collection technologies, with a focus on innovations happening in the first key element of the municipal solid waste management value chain: waste collection. The study provides an analysis of the market drivers and barriers associated with smart waste collection technology. Global market revenue and smart bin deployment forecasts, segmented by region, extend through 2025. The report also discusses urbanization trends and provides profiles of the key industry players within the smart waste collection market. 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 Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Smart Waste Collection, 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.