Global Waste To Energy Market: Synopsis
The detailed report published
by Market Research Future (MRFR) projects that the global waste to energy
market is marked to exhibit significant growth during the assessment period of
2016-2023 Increased consumption of energy and complexities faced during waste
management as result of high rate of
waste generation all over the world is generating demand for advanced
technology that can efficiently convert waste into a form of consumable energy.
Emergence of proper disposal of waste generated due to the presence of large
population base in the developing and developed regions is leading to development
of new techniques of waste management that can be converted it into consumable
energy. Recycling of waste products is one of the major waste management
solutions that are aiding in generating consumable energy that can be
effectively utilized for various industrial as well as domestic purposes.
Rapid exhaustion of
non-renewable energy sources is generating demand for advanced technology that
can harness energy from alternative sources such as waste. High demand for
energy as a result of current energy crisis caused due to unprecedented
consumption of energy and emergence of management of large amount of waste are
majorly propelling the expansion of the global waste to energy market.
Incorporation of advanced technology in recycling plants and increased research
for development of techniques that can convert waste into energy in cost-effective
manner is also contributing to the expansion of the global waste to energy
market. However, lack of skilled professionals to operate and maintain waste to
energy plants is restraining the expansion of the global market for waste to
energy during the review period.
Waste To Energy Market Segmentation
By technology, the
global waste to energy market is segmented into biological and thermal. The
thermal technology segment is forecasted to command the major share of the
global waste to energy market.
On the basis of method,
the global waste to energy market is segmented into incineration, anaerobic
digestion, gasification, pyrolysis, and fermentation.
Regional Analysis
The global market for waste to
energy has been geographically segmented into five regions such as South
America, North America, Europe, Asia Pacific (APAC), and the Middle East and
Africa.
The Asia Pacific region
commands the dominant share of the global waste to energy market owing to the
rapid rise in generation of waste due as a result of increasing population base,
increased energy consumption, and rising environmental awareness in the
emerging economies such as India, China, and Japan in this region. Stringent
regulations regarding the management of waste and deployment of technologically
advanced solutions are propelling the expansion of waste to energy market in
the Americas.
Waste To Energy Market: Industry
Updates
In January 2019, Valmet, a
developer and supplier of technologies for paper, pulp, and energy industries, has
announced that it will be developing boiler plants that are fired with
refuse-derived fuel for a waste-to-energy plant in Urumchi, China.
In January 2019, it has been
announced by Zoomlion, a leading waste management company that it is strategizing
to open a waste-to-energy plant in the upcoming years.
Key Players
The prime players profiled by Market
Research Future (MRFR) that are operating in the global waste to energy market
are Waste Management, Inc, Constructions
industrielles de la Méditerranée (CNIM), C&G Environmental Protection
Holdings, Covanta Energy Corporation, Veolia Environment, China Everbright
International Limited, and Suez Environment S.A.
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Future:
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