The market for waste to energy is projected to grow at a phenomenal CAGR for the forecast period of 2016-2027, states Market Research Future (MRFR) in its recent extensive report. Waste to energy (WTE) facilities worldwide total to over 6000, are responsible for a sizeable production of electricity, steam, and recoveries of metals for recycling annually by combusting tons of municipal solid waste. Conversion of waste to energy is becoming an integral part of waste management strategies across the world.
Growth in population and rise in landfill levels grant various opportunities for market expansion. Furthermore, rising demand for renewable sources of energy worldwide, continuous investment by governments, and usage of other renewable energy sources as substitutes to reduce carbon content are further expected to fuel the overall growth of the market. The waste to energy market will witness immense growth in biological process, owing to increase in technological advancements along with improving disposable incomes. Moreover, rapid urbanization coupled with upsurge in renewable energy sources are anticipated to further the market growth.
Industry Major Key Players:-
Some of the key players in the waste to energy market are C&G Environmental Protection Holdings, Veolia Environnement, Constructions industrielles de la Méditerranée (CNIM), China Everbright International Limited, Waste Management Inc., Covanta Energy Corporation, and Suez Environment S.A.
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The waste to energy market is segmented on the basis of technology and method.
On the basis of technology, the market is segmented into biological and thermal. Thermal technology involves combustion of waste materials. On the other hand, biological processes contribute to landfill remediation, for instance by methane oxidation.
By method, the market is segmented into incineration, gasification and pyrolysis, and fermentation and anaerobic digestion. Incineration converts solid waste into ash, flue gas, and heat and remains the primary alternative to landfills, which hold solid waste in a contained area. On the other hand, pyrolysis produces combustible tar/bio-oil and chars.
Valmet has signed a frame agreement to supply its distributed control system (DCS) to all waste to energy and biomass to energy retrofitting plans awarded to Constructions Industrielles de la Méditerranée in 2017 and 2018. To date, twenty-one of these plants have been built in partnership with Valmet, and 100% of the new build projects since 2010 have been carried out together. Anticipating a rapidly increasing workload, CNIM, firm dealing with waste to energy technology, selected some partners with which to sign agreements to be more efficient during the procurement phase.
Reason To Buy This Report:-
- To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Waste to Energy market
- To provide insights about factors affecting the market growth
- To Analyze the Waste to Energy market based on various factors- price analysis, supply chain analysis, Porters five force analysis.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to six main geographies and their countries- North America, Europe, Asia-Pacific, South America, Middle East, and Africa
To be continued………
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The waste to energy market is geographically segmented into Asia Pacific, Europe, the Middle East, Africa, North America, and South America.
Asia Pacific is the leading region for the waste to energy market with almost half of the market share captured by this region. Owing to steadily improving economic development, the Asia Pacific region has witnessed immense growth and development of the waste to energy market. India and China have well-established waste management infrastructure which provides immense growth opportunities for the market. The Asia Pacific region is host to several high-profile market players that are involved in the waste to energy market. The India market is witnessing colossal growth due to government initiatives like “Swatch Bharat Mission.” Many countries other than India in this region are developing new technologies and innovations.
- WTE manufacturers
- WTE Suppliers
- Research and Development (R&D) Companies
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