Waste to Energy Market Highlights:- —
Talking about recent market trends, there are few types of technologies that have made a big splash in the industry including advanced thermal technologies, pyrolysis, and anaerobic digestion systems. The adoption of these technologies is expected to quadruple in the coming years on account of global interest in integrated waste management framework in areas, primarily urban regions.
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.
However, the market also comes across various restraints, namely high installation and maintenance cost. Having said that, the fact that waste to energy technology assists in reducing greenhouse gases and is environmentally friendly works in favor of the market in a big way.
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Waste to Energy Global Market – Key Players
• China Everbright International Limited
• Waste Management, Inc
• Suez Environment S.A.
• Constructions industrielles de la Méditerranée
• Covanta Energy Corporation
• C&G Environmental Protection Holdings
• Veolia Environnement
Industry/ Innovation/ Related News:-
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.
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.
Industry/ Innovation/ Related News:
In 2017, Veolia Water Technologies have been given a contract to build an iron removal water treatment plant for providing facility to Senegal’s water utility. This would increase the supply of drinking water to Dakar and its suburbs area.
In 2017, GE Water & Process Technologies launched a new product PROflex for wide range of application such as general industrial, power, drinking water, food & beverage, pharmaceuticals and others. The reverse osmosis was developed to provide cost-effective and easy-to-configure system.
Waste to Energy Market - Segmentation
Global Waste to Energy Market is segmented in to 3 Key dynamics: -
By Technology : Comprises - Biological & Thermal.
By Method : Incineration, Gasification, Pyrolysis, Anaerobic Digestion and Fermentation.
By Regions : North America, Europe, APAC and Rest of the World
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Regional Analysis of Waste to Energy Market:-
The market in North America is on its way to witness a successful run throughout the forecast period. This feat has been achieved owing to constant improvements in the existing technologies to optimize heat and electricity generation for commercial purposes. Strong economy and thriving industrialization pave the way for development of WTE infrastructure in the region. Moreover, continuous mergers and acquisition along with collaborations amongst established regional market players account for the tremendous market growth and will continue to do so in the coming years. In addition, constant innovations and subsequent actions to implement to those ideas add duel to the fire that is the market growth. For instance, Michigan State University recently built the first anaerobic digester at a zoo, which turns animal and food waste into energy. This energy in turn powers some of the zoo operations.
Lastly, the Middle East and Africa regions have been witnessing an evident growth due to the substantial focus on reducing greenhouse emissions and need for sustainable alternatives. Moreover, global players strive to enter the regional market and take advantage of the untapped potential by constantly indulging in strategic activities to gain the upper hand. These continuous actions taken by global companies serve to work well for the market growth in the region.
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