Market Insights —
Waste to energy (WTE) like the name suggests is a process by which energy is generated from treatment of waste, thus turning waste into a source of power generation. This works via the combustion of methane and other fuels that can be found in waste. In an increasingly environmentally conscious global environment, this process has immense potential and is increasingly witnessing adoption. Market Research Future's analysis of the market reveals facts and figures which have been derived after a detailed examination of every market relevant factor. Various forms of WTE exist and can be used to produce various fuels for energy production.
Waste generation has grown substantially and is likely to continue to do so. The key cause for this is the growing population and increasing consumerism, particularly in rapidly expanding urban areas. Packaging of all forms, compostable waste from households, and several other forms of waste are generated on a daily basis in large amounts. In fact, the World Bank Group in their study has found that global solid waste generation levels are at 1.3 billion tonnes per year and this figure is expected to increase to 2.2 billion tonnes by 2025. Government support for waste to energy has had a huge impact on its adoption. Stringent government regulations have come into place, and poorly managed landfills are being heavily fined which has encouraged the adoption of waste to energy. Waste disposal has become strict with waste separation being driven across the globe.
Initial investments in machinery for the WTE process are very high, and the maintenance cost is also not easily affordable. This is deterring the growth of the market. However, the growing pressure to reduce the global carbon footprint, and the increasing demand for energy is likely to result in multiple growth opportunities down the line.
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Prominent competitors participating in the Global Waste to Energy Market include
• China Everbright International Limited
• C&G Environmental Protection Holdings
• Covanta Energy Corporation
• Waste Management, Inc
• Veolia Environnement
• Constructions industrielles de la Méditerranée (CNIM)
• 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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Segments of the Global Waste to Energy Market have been determined on the Basis of Technology, Method, and Region.
• Gasification & Pyrolysis
• Fermentation & Anaerobic Digestion
• North America
• Rest of the World
The Asia Pacific has been catapulted into leading position and possesses more than 50% of the global markets share. The regions rapid economic development has resulted in large-scale expansions of urban areas and have further increased the generation of waste. The World Bank Group in its study has found that East Asia and the Pacific region alone is responsible for the generation of 270 million tonnes per year. China is reponsible for 70% of this waste. The region possesses the largest population across the globe and as such has a high waste generation as well as a high demand for power generation. As a result of this, WTE activities are on the rise and government support for the same will have a highly positive impact on the market. Country-level markets such as India and China are establishing waste management infrastructure to process large amounts of waste; this is expected to provide the market with high growth potential and immense opportunity in the foreseeable future.
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