+1-888-308-5802     
News Contact Us

Waste to Energy Market to impel a huge demand due to generation of renewable energy via thermal and biological techniques by 2024

Author : Rahul Sankrityayan | Published Date : 2019-03-20 

Waste to Energy Market share is driven by increasing electricity demand along with growing dependency on renewable sources to generate energy due to depleting petrochemical reserves over the forecast timeframe. MSW management programs adopted by regional governments to promote power generation will further boost industry growth. Additionally, the U.S. recognition to include WTE to do their renewable energy targets may spur regional industry growth. 

WTE can attract stable tipping fees compared to landfills and help in reducing GHG emissions from MSW in landfills. In addition, government has made target towards renewable energy use. EU has set target to derive 20% energy from renewable sources owing to boost waste to energy demand.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/456

Growing urban population is forecast to be the key contributing factor for increasing MSW such as plastic, glass bottles, paper, tetra pack, cans, newspaper, cardboard boxes, meta items, aluminum foil, and wood pieces. Other factors such as industrialization, economic development, local climate, and public habits such as leftover food, further contribute towards MSW generation. Increasing MSW is anticipated to positively influence waste to energy market growth from 2016 to 2024. Major countries contributing MSW generation include U.S, China, India, Indonesia, and Brazil.

Depleting fossil fuel along with the correction in crude oil prices is anticipated to fuel the need for finding petroleum substitutes for power generation. Furthermore, rigorous research activities towards technological development to use MSW for power generation by substituting natural gas, oil, and coal is enduring, which in turn is anticipated to lay massive environmental benefits and technical feasibility to catalyze the waste to energy market growth by 2024.

Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/456

However, high cost associated with plant construction as well as expensive components installation may hamper industry demand in the near future. Also, more capital involved in flue gases treatment and other residues produced may negatively impact growth.

The report features comprehensive analysis of the market with key market trends and key factors influencing the market listed in the report. Thermal waste to energy process dominated the segment and is predicted to exhibit moderate gains over the projected time frame. The alternative thermal processes are anticipated to foresee surge in demand. Biological waste to energy technology is poised to register high growth at over 6.5% during the forecast period. Anaerobic digestion penetration into developed composting plants is projected to further market growth.

Europe, led by UK, Germany, Italy and France biological waste to energy market should generate over 5.5% growth to exceed USD 2.5 billion by 2024. Anaerobic based biological process is gradually improving and may replace composting step for biodegradable waste treatment generated from MSW.

Browse Complete Report Summary @ www.gminsights.com/industry-analysis/waste-to-energy-wte-market

APAC, driven by China, India, Japan and Australia waste to energy market should achieve over 7.5% growth. Stringent environmental regulations coupled with investment spending should stimulate industry growth.

Global waste to energy market share is competitive. Keppel Seghers, Tenologies, Wheelabrator, Covanta and Hitachi Zosen are key notable industry players. Other prominent participants include Mitsubishi Heavy Industries, Foster Wheeler, Xcel Energy, China Everbright International, Plasco Energy, Veolia Environment and Green Conversion Systems.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

Related News

Gas Insulated Power Equipment Market By Industry Trend, Growth and Regional Forecast 2019-2025

Published Date: 2019-08-26         Author: Rahul Sankrityayan

Gas Insulated Power Equipment market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied. The gas insulated power equipment ma... Read More

America SLI Battery Market size to hit $16bn by 2025 |CAGR:2%

Published Date: 2019-08-26         Author: Rahul Sankrityayan

The size of America SLI Battery Market was anticipated as 14 billion in the year 2018 and is predicted to touch 16 billion till 2025, rising with a CAGR of 2% between the years 2019 to 2025 as per the research done by Global Market Insights, Inc. Rising disposable incomes of consumers and their a... Read More

Natural Gas Liquids Market By Industry Trend, Growth and Regional Forecast 2019-2025

Published Date: 2019-08-26         Author: Rahul Sankrityayan

Japan NGL market is set to exceed the consumption of 0.2 mbl/day by 2025. Growing demand for high value-added manufactured petrochemicals coupled with accelerating investments toward chemical industry will propel the industry growth. Furthermore, rapidly expanding various industrial bases including ... Read More

© 2019 Fractovia. All Rights Reserved