Waste
to Energy Market indicates that registering an 8.1% CAGR from 2013 to
2019, the worldwide waste to energy market stands to grow from
US$18,472.3 million in 2012 to US$31,892.9 million in 2019.The waste
to energy market is fueled by reduced GHG emission from landfills,
rising concern towards energy security, growing regulatory support as
well as incentives, and tax increment on landfills. Increasing
disposable income and growing population in developing countries and
emerging economies has led to increased generation of waste, which is
likely to boost the market over the next couple of years. However,
high initial cost is expected to curb the growth of the waste to
energy market.
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Waste to Energy Market Report with Full TOC at
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On
the basis of technology, the market for waste to energy is bifurcated
into biological and thermal. While the segment of thermal technology
dominates in terms of revenue, the biological technology segment is
the fastest developing one of the two. In 2012, thermal technology
held a whopping 80% of the waste to energy market and this segment
has been witnessing strong demand on account of increased taxes on
landfills, rise in municipal solid waste, and the ability of thermal
technology to minimize the amount of waste in both weight and volume.
Farmers mostly use biological technology to process farm waste and
produce energy since this technology needs biodegradable and high
moisture content feedstock.On the basis of geography, the global
waste to energy market is divided into North America, Asia Pacific,
Europe, and Rest of the World.
Generating
more than 40% of the total revenue, Asia Pacific dominates the waste
to energy market and is projected to witness healthy growth by 2019.
This region is mainly driven by economic development and rise in
disposable income. While Japan has the highest level of sustainable
waste management, India and China have the potential to generate
massive amount of waste that can be used in waste to energy plants.
Looking to improve the quality of life, these developing countries
are focusing on waste to energy practices, thereby boosting the
overall market.
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Europe
has been a leading contributor to the waste to energy market in the
past with highly advanced technologies to treat solid waste. However,
stagnancy, economic crisis, and diminishing dependency by countries
such as the Netherlands, Austria, Belgium, and Germany on landfills
has caused the European waste to energy market to show a minimally
impressive performance over the past few years.The leading
participants of the global waste to energy market include The Babcock
& Wilcox Company, Veolia Environnement, Waste Management, Inc.,
Covanta Energy Corporation, Constructions industrielles de la
Méditerranée (CNIM), Xcel Energy, Foster Wheeler AG, China
Everbright International Limited, KEPPEL SEGHERS, Suez Environment
S.A, and C&G Environmental Protection Holdings Ltd.
Waste
to Energy Market: Technology Analysis
- Thermal
- Biological
Waste
to Energy Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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Press Release Of Waste to Energy Market
http://www.transparencymarketresearch.com/pressrelease/waste-to-energy-market.htm
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