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 (WTE) Market: https://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: https://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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