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.
Industry Highlights
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:
The global market for waste to energy is segmented on
the basis of technology and method.
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.
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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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on
Various Industry Verticals and wherever required we will be considering Covid19
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