Waste to Energy Market Global Trends, Size, Applications, Segment and Industry Growth by Forecast to 2027


Posted May 17, 2019 by DhanashreeP

Abundance of waste and strict government regulation regarding waste disposal are some of the key factors which are expected to drive the demand in the Waste to Energy market
 
Market Scenario

Waste to Energy market has been witnessing positive trends in recent times. Abundance of waste and strict government regulation regarding waste disposal are some of the key factors that are expected to drive the demand in the Waste to Energy market. Increasing government penalties on poorly managed waste in the form of landfills is diverting demand towards the Waste to Energy Market. Rising environmental concerns among individuals is one of the key factors driving the market for waste to energy.

Development of sustainable energy combined with favorable government initiatives, are expected to propel the demand in the waste to energy market. Cogeneration technologies, advanced energy consumption and clean coal are being favored by governments across the globe. High installation and maintenance cost are major factors that can act as market restraints. Rising energy & electricity prices are expected to further boost the demand in the waste to energy market.

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Key Players:

The key players of global waste to energy market are ABB Ltd. (Switzerland), Amec Foster Wheeler (U.K.), Ormat Technologies Inc. (U.S.), General Electric Co. (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), Echogen Power Systems Inc. (U.S.), Econotherm Ltd. (U.K.), Thermax Limited (India), Siemens AG (Germany), and Cool Energy Inc. (Colorado). In 2016, these companies accounted for a share of XX% of the global 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.

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Regional Outlook

Europe is expected to be another leading region in the global waste to energy market. Increased waste production along with regulatory compliance to minimize environmental impact are key factors driving Europe waste to energy market growth. Owing to increased pressure from environmental and government organizations stringent government regulations have been put in place to discourage major industries to dispose of untreated waste in the form of landfills. The region has come up with various directives including Waste Framework and Landfill, which may help in setting waste recycling targets through incineration techniques and landfills. Germany, U.K., and France are major contributors in this market due to the already established waste to energy infrastructure in these countries.

North America is a major region in the global waste to energy market. Existence of major manufacturers and availability of sophisticated technology in this region, are propelling the demand in this region. Rapid technological development in this field is expected to further provide scope for the market to grow in this saturated market.

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Issued By MRFR
Country India
Categories Energy
Tags waste to energy market , waste to energy market analysis , waste to energy market demand , waste to energy market trends
Last Updated May 17, 2019