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.
Access Research Report of Waste To Energy (WTE) Market @ 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.
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)
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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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