Growing Carbon Emission Fuelling the Growth of Waste to Energy Market
According to a new report published by Reports Monitor titled, “Global Waste to Energy Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Waste to Energy Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
The growing concern over the faster depletion of conventional energy sources and rising issues such as global warming and greenhouse effect due to them has raised the demand for innovative and unconventional energy sources for power generation. This issue can be resolved by adopting Waste to Energy (WtE) concept, which utilizes the waste products to generate heat or electricity.
Growing support from the government agencies and financial institutions regarding the adoption of waste to energy methods, due to increasing impact on the environment has mainly contributed in the propelling the market growth. However, higher cost involved in setting up the plants may result in hindering the market growth. Moreover, the innovation in the technology to convert waste into energy with lesser impact on environment would generate lucrative opportunities in the market.
This report provides a detailed analysis of Waste to Energy Market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources and with bottom-up and top-down approaches.
Based on the technology used, market is majorly segmented on the basis of thermal and non-thermal methods. The thermal technology includes the process such as depolymerisation, gasification, pyrolysis and others, while non-thermal includes anaerobic digestion.
Based on the geographical regions covered, market is studied across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Among the regions studied, Europe is anticipated to hold the major market share owing to the measures adopted by the government to reduce the impact of global warming. The active participation specifically by the countries such as Sweden, Germany and France to reduce the carbon emissions has considerably resulted in the market growth. The increasing pollution factor in China and India, with growing adoption of plastics forms the major factor in adoption of this approach hence contributing in the fastest regional growth.
The top players in the market are: Waste Management Inc., Suez Environment S.A., C&G Environmental Protection Holdings, Constructions industrielles de la Méditerranée (CNIM), China Everbright International Limited, Covanta Energy Corporation, Foster Wheeler A.G., Abu Dhabi National Energy Company PJSC, Babcock & Wilcox Enterprises, Inc., and Veolia Environment.
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