- Opportunity and Forecast, 2016 - 2025
Rapid urbanization, industrialization, and high power consumption, and the rise in environmental concerns have catalyzed the demand to the shift of preference toward renewable energy sources. Waste to energy is an innovative way to tackle this issue and many organizations are investing significantly and endeavoring to obtain energy from waste. Energy is generated in terms of heat or electricity by treatment of waste. Governments are funding projects to improve waste management systems and focus on alternative sources of energy. The WTE plants have witnessed a rise primarily across North America and Europe.
Thus, supportive government initiatives, growth in need to reduce greenhouse gases (GHG) emissions, and proliferation in energy needs drive the global waste to energy market, whereas, high investment costs and lack of awareness could hamper its growth. However, favorable regulatory norms such as tax incentives present opportunities in the market.
The global waste to energy market is segmented on the basis of technology and geography. Technologies covered in the study are thermal and biological. Thermal technology is sub-segmented into incineration and pyrolysis & gasification. Geographical analysis is offered for North America, Asia-Pacific, Europe, and LAMEA.
Prominent vendors operating in the global waste to energy market are C&G Environmental Protection Holdings Ltd., China Everbright International Ltd., Covanta Ltd., Foster Wheeler AG, Keppel Seghers, Plasco Energy Group Inc., Green Conversion Systems LLC, and others. These leading manufacturers have implemented expansion, merger & acquisition, new product launch, partnerships, collaborations, joint ventures, and other strategies to sustain in the industry.
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