Accrediting the prominence Waste to Energy is gaining in the current scenario projecting the potential traction, Market Research Future, recently published a distinctive study report according to which the global Waste to Energy market is forecasted to perceive accruals over USD ~12 million by 2027, registering substantial CAGR during the period 2017 to 2027.
The global Waste to Energy market is predominantly driven by the abundance of waste and strict government regulation regarding waste disposal. Rising government penalties on poorly managed waste in the form of landfills are diverting demand towards the Waste to Energy Market. Additionally, government and private entities’ initiatives to save the planet Earth preserving its natural resources, are providing impetus to the market growth to a large extent.
On the other hand, high installation and maintenance cost is a major factor presenting challenges to the market growth. However, technological advancements that are predominantly minimizing the initial installation & maintenance cost of WTE plants are expected to escort the market to ascended levels globally.
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Worldwide Waste to Energy Market – Competitive Analysis
The Waste-to-Energy Plant Operation industry has a moderate level of industry concentration. Key Players operating in the market strive to improvise technological processes in order to reduce installation costs. The industry’s two major companies, such as Covanta Energy Corporation accounted for 50% of industry revenue in 2016. The remainder of industry revenue is earned either by individual municipalities operating facilities that they own themselves, or by smaller private companies that municipalities have contracted to operate their facilities. The establishment of long-term contracts between this industry and downstream customers makes it difficult for new entrants to dilute the market share of pre-existing companies.
Industry/ Innovation/ Related News
January 8, 2018 – Kontrol Energy Corp. (Canada) a leader in energy efficiency management solutions and technology announced that it has been selected by Ontario Education Collaborative Marketplace (OECM) as a contracted supplier for hardware, software and related energy services and technology. Kontrol Energy’s RTEM system features the use of CircuitMeter as a channel partner.
With RTEM systems, facility managers can gain access to building energy consumption data at the circuit level in real time to pinpoint energy usage, identify areas where energy is wasted, and create opportunities to increase efficiency and generate cost savings.
June 26, 2017 – SUEZ (France) a utility company which operates largely in the water treatment and waste management sectors launched Organix®, first digital marketplace in France for organic waste. This innovative platform can connect producers of organic waste (food industry manufacturers, cooperatives, etc.) and methanation unit operators, who transform them into energy.
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Market Synopsis of Waste to Energy
The Waste to Energy market has been showing positive trends in recent times. Abundance of waste and strict government regulation regarding waste disposal are some of the key factors which are expected to drive the demand in the Waste to Energy market. Increasing government penalties on poorly managed waste in the form of landfills is diverting demand towards the Waste to Energy Market.
Hence the market for Waste to Energy is expected to grow at XX% CAGR (2016-2027).
High installation and maintenance cost is a major factor that can’t act as a market restraint for this market.
The waste to energy market has been segmented on the basis of technology as biological and thermal. On the basis of method the market has been segmented as Incineration, Gasification and Pyrolysis, Fermentation and Anaerobic digestion.
Research and Development (R&D) Companies
Some of the key players in the Waste to Energy market are Constructions industrielles de la Méditerranée (CNIM), Covanta Energy Corporation, C&G Environmental Protection Holdings,Veolia Environment, China Everbright International Limited,Waste Management, Inc, and Suez Environment S.A.
Study Objectives of Waste to Energy
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 provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segment by Method, by Technology by Propulsion, and by region as well as its sub segments
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, and new product developments in the global Waste to Energy market
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