Waste To Energy Market Is Projected To Witness Growth Based On Increasing Demand For Renewable Sources Till 2024:Grand View Research,inc.
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.
Browse full research report on waste to energy market: 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
- Incineration
- Pyrolysis
- Gasification
- Biological
Global WTE Market Regional Outlook (Revenue, USD Million,
2014 - 2024)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- RoE
- Asia
Pacific
- China
- Japan
- India
- 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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