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
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/waste-to-energy-technology-industry/request/rs1
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.
For
more info visit @ https://www.grandviewresearch.com
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