Pune, India -- (SBWire) -- 12/24/2018 --Waste to Energy Global Market - Overview
Waste to Energy (WTE) facilities worldwide over 6000 to be précised are accounting for a substantial production of electricity, steam and recoveries of metals for recycling annually by combusting tons of municipal solid waste. Conversion of waste to energy is becoming a key component of integrated waste management strategies across the globe. The ever increasing waste volumes are prompting the governing agencies to revisit their approach to waste management. Both political and environmental attention is turning towards the development of cost effective and sustainable solutions for WTE. The Waste to Energy market has been showing positive trends in recent times gaining the prominence on the global platform.
Accrediting the prominence Waste to Energy is gaining in the current scenario projecting the potential traction, Market Research Future, recently published a distinctive study report according to which the global Waste to Energy market is forecasted to perceive accruals over USD ~12 million by 2027, registering substantial CAGR during the period 2017 to 2027.
Request to view Sample Report:
https://www.marketresearchfuture.com/sample_request/1369
The global Waste to Energy market is predominantly driven by the abundance of waste and strict government regulation regarding waste disposal. Rising government penalties on poorly managed waste in the form of landfills are diverting demand towards the Waste to Energy Market. Additionally, government and private entities' initiatives to save the planet Earth preserving its natural resources, are providing impetus to the market growth to a large extent.
On the other hand, high installation and maintenance cost is a major factor presenting challenges to the market growth. However, technological advancements that are predominantly minimizing the initial installation & maintenance cost of WTE plants are expected to escort the market to ascended levels globally.
Worldwide Waste to Energy Market - Competitive Analysis
The Waste-to-Energy Plant Operation industry has a moderate level of industry concentration. Key Players operating in the market strive to improvise technological processes in order to reduce installation costs. The industry's two major companies, such as Covanta Energy Corporation accounted for 50% of industry revenue in 2016. The remainder of industry revenue is earned either by individual municipalities operating facilities that they own themselves, or by smaller private companies that municipalities have contracted to operate their facilities. The establishment of long-term contracts between this industry and downstream customers makes it difficult for new entrants to dilute the market share of pre-existing companies.
Waste to Energy Market - Segmentation
Global Waste to Energy Market is segmented in to 3 Key dynamics: -
By Technology : Comprises - Biological & Thermal.
By Method : Incineration, Gasification, Pyrolysis, Anaerobic Digestion and Fermentation.
By Regions : North America, Europe, APAC and Rest of the World
Waste to Energy Market - Regional Analysis
Asia-Pacific is the leading market for the Waste to Energy market with almost half of the market share captured by this region. Rapid economic development in the APAC region is also going to be key for the growth and development of the Waste to energy market. India and China have well established waste management infrastructure which is going to provide immense growth opportunity for growth I this market.
View Report Preview:
https://www.marketresearchfuture.com/reports/waste-to-energy-market-1369
Industry/ Innovation/ Related News
January, 2018 - Kontrol Energy Corp. (Canada) a leader in energy efficiency management solutions and technology announced that it has been selected by Ontario Education Collaborative Marketplace (OECM) as a contracted supplier for hardware, software and related energy services and technology. Kontrol Energy's RTEM system features the use of CircuitMeter as a channel partner.
With RTEM systems, facility managers can gain access to building energy consumption data at the circuit level in real time to pinpoint energy usage, identify areas where energy is wasted, and create opportunities to increase efficiency and generate cost savings.
Waste to Energy Market Projected to Gain Significant Value by 2027: Future Growth Trends, Competitors Strategy, and Global Industry Analysis