Market Research Future published a cooked research report on Global Waste to Energy Market. Waste to Energy market has been witnessing positive trends in recent times. Abundance of waste and strict government regulation regarding waste disposal are some of the key factors that are expected to drive the demand in the Waste to Energy for market. Increasing government penalties on poorly managed waste in the form of landfills, is diverting demand towards the Waste to Energy Market. Rising environmental concerns among individuals, is one of the key factors driving the market for waste to energy
Market Scenario
Waste to Energy market has been witnessing positive trends in recent times. Abundance of waste and strict government regulation regarding waste disposal are some of the key factors that 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. Rising environmental concerns among individuals is one of the key factors driving the market for waste to energy.
Development of sustainable energy combined with favorable government initiatives, are expected to propel the demand in the waste to energy market. Cogeneration technologies, advanced energy consumption and clean coal are being favored by governments across the globe. High installation and maintenance cost, are major factors that can act as market restraints. Rising energy & electricity prices, are expected to further boost the demand in the waste to energy market.
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.
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Key Players
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 Environnement,
- China Everbright International Limited,
- Waste Management, Inc,
- Suez Environment S.A.
Market Research Analysis:
Europe is expected to be another leading region in the global waste to energy market. Increased waste production along with regulatory compliance to minimize environmental impact are key factors driving Europe waste to energy market growth. Owing to increased pressure from environmental and government organizations stringent government regulations have been put in place to discourage major industries to dispose of untreated waste in the form of landfills. The region has come up with various directives including Waste Framework and Landfill, which may help in setting waste recycling targets through incineration techniques and landfills. Germany, U.K., and France are major contributors in this market due to the already established waste to energy infrastructure in these countries.
North America is a major region in the global waste to energy market. Existence of major manufacturers and availability of sophisticated technology in this region, are propelling the demand in this region. Rapid technological development in this field is expected to further provide scope for the market to grow in this saturated market.
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Global Waste to Energy Market:
Asia Pacific is the leading market for the Waste to Energy with almost half of the market share captured by this region. Rapid economic development and industrialization in the Asia Pacific region is also going to be key for the growth and development of the waste to energy market. India and China have well established waste management infrastructure, which is going to be an immense growth opportunity for this market. With major infrastructural and industrial development activities being undertaken in this region the market for waste to energy is expected to flourish during the forecast period. With government policies such as Make in India boosting the manufacturing sector, the scope for the market for waste to heat has further deepened.
Global Waste To Energy Market in 2016.
Development of sustainable energy combined with favorable government initiatives, are expected to propel the demand in the waste to energy market. Cogeneration technologies, advanced energy consumption and clean coal are being favored by governments across the globe. High installation and maintenance cost, are major factors that can act as market restraints. Rising energy & electricity prices, are expected to further boost the demand in the waste to energy market.
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