The global waste to energy (WTE) market is expected to
reach USD 43.96 billion by 2024, according to a new report by Grand View
Research, Inc. Stringent waste management regulations particularly in Europe
and in the U.S. coupled with the rise in concern to improve the waste
management systems is expected to remain a key driving factor for global waste
to energy market. The shift in focus towards energy generation through
alternative routes is also expected to shape the industry structure.
Emerging economies such as India and China has been witnessing a sharp increase in energy demand on account of rapid industrialization and urbanization which has prompted energy producers to look for alternative energy sources. Since these countries generate a lot of industrial waste, they have become high potential markets for WTE technologies and are expected to provide ample opportunities to companies involved.
Companies such as China Everbright International Ltd. and Babcock & Wilcox Enterprises, Inc.have adopted acquisition strategies to enhance their waste management services. Most of the companies have tie-ups with local municipal solid waste providers for the distribution of waste sources.
Global WTE Market Technology Outlook (Revenue, USD Million, 2014 - 2024)
Emerging economies such as India and China has been witnessing a sharp increase in energy demand on account of rapid industrialization and urbanization which has prompted energy producers to look for alternative energy sources. Since these countries generate a lot of industrial waste, they have become high potential markets for WTE technologies and are expected to provide ample opportunities to companies involved.
Companies such as China Everbright International Ltd. and Babcock & Wilcox Enterprises, Inc.have adopted acquisition strategies to enhance their waste management services. Most of the companies have tie-ups with local municipal solid waste providers for the distribution of waste sources.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/waste-to-energy-technology-industry
Further key findings from the report suggest:
·
Thermal segment dominated the waste to energy
technology in 2015 and accounted for over 80% of the total market revenue
·
Processing of non-recyclable materials to
produce electricity, heat, and fuel on account of less environmental impact is
expected to boost the thermal technology market
·
Thermal technologies including incineration,
gasification, and pyrolysis are expected to lower the carbon emissions which in
turn would lead to increase in the implementation of these WTE technology
·
Biological segment is expected to grow at a
significant rate of 9.4% over the forecast period
·
Rising investment in waste to energy plant
facilities, development and R&D of technologies is expected to propel the
market over the coming years
·
Major companies identified in the WTE market
include Waste Management Inc., Covanta Energy Corporation, C&G
Environmental Protection Holdings Ltd., and China Everbright International Ltd.
among others.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/renewable-energy
Grand View Research has segmented the waste to energy (WTE) market on the
basis of technology and region:Global WTE Market Technology Outlook (Revenue, USD Million, 2014 - 2024)
·
Thermal
o
Incineration
o
Pyrolysis
o
Gasification
·
Biological
Global WTE Market Regional Outlook (Revenue, USD Million, 2014 -
2024)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
UK
o
Germany
o
RoE
·
Asia Pacific
o
China
o
Japan
o
India
o
RoAPAC
·
Central& South America (CSA)
·
Middle East & Africa (MEA)
For press release of this report - http://www.grandviewresearch.com/press-release/global-waste-to-energy-wte-market
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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