Waste to Energy Market 2016 Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2024 | C&G Ltd . , Amec Foster Wheeler, Veolia Environment

December 09 21:10 2020
Waste to Energy Market 2016 Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2024 | C&G Ltd . , Amec Foster Wheeler, Veolia Environment

Market Research Consulting & Industry reports
The worldwide waste to energy ( WTE ) market is approximated to achieve absolute $ opportunity of USD 15 ,230 .4 Million between 2016 and 2024

The municipal waste generated in Europe was around 480 kg per capita around 2016 and the statistics for the waste treatment for the same year were 474 kg per capita ~ Eurostat

With expanding awareness towards preserving the surrounding, there is a growing demand for conversion of energy by solid and municipal waste by secure and environmental friendly waste disposal techniques. The demand for constant technological advancements in waste to energy transformation tips is further driving the industrialists to collaborate with each other. This more demand for the ecological waste management to generate energy is estimated to boom the growth of the worldwide waste to energy market with a CAGR of 5 .7% over the period 2016-2024. Further, expanded machinery with various features such as material recovery of organic waste, robust treatments for hazardous waste and wet flue gas desulfurization ( FGD ) systems will increase the demand for waste to energy machinery and plants .

Furthermore , increasing knowledge towards environmental air pollution and expanding demand for energy globally due to speedy exhaustion of conventional energy sources , the worldwide waste to energy market is witnessing a growth in worldwide energy advancements for waste administration which is expected to benefit the expansion of the worldwide waste to energy market by reaching remarkable market assessment of around USD 42 ,520 .4 Million by the end of 2024 from USD 27 ,290 .0 Million in 2016 . Business schemes and proposals to preserve farming wastes for energy productivity are planned by the governments all over the world to support the cause of total garbage management to promote and contribute clean energy alongside generating income from the usage of waste. Further, the worldwide waste to energy ( WTE ) market is approximated to achieve absolute $ opportunity of USD 15 ,230 .4 Million between 2016 and 2024 .

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The worldwide waste to energy market is segmented by technological innovation into thermal , biological and others , out of which , the thermal segment dominated by holding more than 70% of the total market share during 2016 and is predicted hold its leading stance over the forecast period . Further, the thermal technology segment is anticipated to achieve Y-o-Y growth rate of 6% in 2024. The thermal technology is further divided into incineration, pyrolysis and gasification. More, Biological technologies segment is anticipated to expand with highest CAGR of 6 .1% over the forecast period. The demand for anaerobic digestion technology for waste to energy the conversion process has gathered pace owing to its helpfulness in reducing greenhouse gas emissions and its ability in meeting the needs of the end users.
The environmental Pollution Concerns to Boost the Demand for Waste-to-Energy Generation in Future

The worldwide waste to energy market is thriving on the back of ecological concerns to preserve natural resources and initiatives to support garbage and farming waste management.

Increasing Usage of Renewable Energy Resources – There is an increasing demand for using renewable sources of energy that is further anticipated to propel the demand for trying to recycle and combustion for energy recovery via waste management.

Rising Amount of Waste Generation Worldwide – Within next ten years, more than 10 billion metric ton of solid waste will be generated yearly , from urban households , commercial activities , industries , and construction , out of which , Asia-Pacific accounts for an estimated 20-25% . The increasing waste generation, increasing urbanized population and increasing consumption levels are anticipated to support the growth of the waste to energy market.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

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Technology Advancement – The increasing urbanization leads to high waste generation which further increases the demand for leveraging the advanced technology for converting waste to energy.
Markets Players are Progressing towards Minimizing the Barriers faced by the Global Waste to Energy Market

The operating costs of the incineration trees are very high. In addition to that, the incinerator trees also need regular maintenance, which further increases the cost of operation. Further, high uncertainty in connection with duration of usability of the waste along with requirement of large land areas and lack of public understanding are some of the most important factors inhibiting the growth of the waste to energy market.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

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The report titled “Global Waste to Energy Market Outlook : Markets Insights & Opportunity Assessment 2016-2024” delivers in depth summary of the global waste to energy market in terms of market segmentation by technology and by area .

Furthermore, for the detailed evaluation, the report encompasses the industry growth drivers , restraints , supply and demand risk , market attractiveness , BPS analysis and Porter’s five force model .
This report also offers the existing competitive scenario of some of the key players of the world wide waste to energy market which includes company profiling of C&G Ltd . , Amec Foster Wheeler, Veolia Environment, Suez Environment S .A . , Waste Management Inc . , Keppel Seghers , Babcock & Wilcox Co . , Covanta Energy Corporation, Hitachi Zosen Inova AG and ADI Systems Inc .

The profiling enfolds key important information of the companies which encompasses business summary, products and services, key financials and latest news and developments. On the whole, the report depicts detailed overview of the world wide waste to energy market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future .

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