Global Waste
to Energy (WtE) Market strategic research study
offers company accounts, industry investors, and industry members with
consequential insights to enable them to make reliable strategic decisions
regarding the opportunities in the global market.
In this report, we
thoroughly examine and analyse the Global market for Waste to Energy (WtE) so
that market participants can improve their business strategy and ensure
long-term success. This report provides players with useful information and
suggests result-based ideas to give them a competitive advantage in the global Waste
to Energy (WtE) industry. It will show how other players compete in the global Waste
to Energy (WtE) Market and explain the strategies you use to differentiate
yourself from other participants.
This Research Report
Answers the Following Questions:
·
How Waste
to Energy (WtE) market
will grow in the coming year?
·
Will the COVID-19 pandemic surge the demand for such platforms?
·
How are key companies planning to promote benefits of Waste to Energy (WtE)?
·
What are the industry growth drivers, obstacles, and dynamics?
·
Which segment is expected to lead in the coming years?
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The global waste to energy
(WtE) market size was USD 25.0 billion in 2015 and is expected to reach USD
43.96 billion by 2024. Market is expected to witness a steady growth on account
of increasing waste generation activities. Waste to energy (WtE) technologies
consists of waste management to produce electricity or transport fuel. This technology
finds the application on various types of unwanted materials including
semi-solid, liquid and gaseous waste.
The most popular
application is municipal solid waste (MSW) processing followed by industrial
remains. The main drivers expected to impact overall market growth includes
increasing waste generation activities by industries coupled with high energy
costs. Restricted land filling and growing environmental issues are also
expected to further enhance global industry demand over the forecast period.
WtE is expected to solve the environmental problems related to waste by
reducing the volume and decreasing the greenhouse gas emissions.
The thermo-chemical process
is a technique in which energy content from sources is extracted using thermal
treatment of high temperatures. Bio-chemical conversion deals with energy
extraction from sources using bio-decomposition. Chemical conversion deals with
various chemicals usage for obtaining bio fuels. North America dominated the
market in terms of overall demand and is expected to maintain its position over
the forecast period on account of increasing lifestyle and rise in urban areas.
The European market is
expected to show a high growth on account of European Union initiatives to
reduce the number of landfills by implementing WtE. Regional demand is followed
by Asia Pacific and is expected to develop at the highest rate over the
forecast period on account of increasing population and better-living standard.
Consumer awareness coupled with rising environmental concerns are expected to
significant contribute towards regional industry growth in the future. South
America and Africa are expected to witness a slow growth on account of lack of
technology and implementation of waste eradication traditional methods.
Key players in the global
market include C&G Environmental Protection Holdings Ltd, Foster Wheeler
A.G., Waste Management Inc., Veolia Environment, Suez Environment S.A., The
Babcock & Wilcox Co and KEPPEL SEGHERS. It is observed that players operating
in this industry are conglomerates with diverse business operations. The
advantage of big players in raising the necessary finances are their capability
to show patience in case of earning early profits.
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