Waste To Energy (WTE) Market: An Empirical Assessment of the Trajectory of the Market
Market Definition:
Waste to energy (WTE) is the procedure of utilizing waste
to generate electricity or energy. Various technologies are being used to
produce energy from waste source such as, municipal and domestic waste. Energy
produced from the process can be in form of fuel, electricity, or heat.The
Waste to energy management is considered as a major part of the waste disposal
structure of any nation as it comes under renewable energy sources. The waste
to energy market refers to electricity produced with usage of waste sources.
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Market Growth and
Analysis:
Fast change in consumption pattern and lifestyle of the
population, along with relocation of the people to urban areas are generating
urban waste accumulation, demanding for a better infrastructure for its safe
disposal and reuse. Various organizations or energy-producing companies have
invested into waste to energy market by organizing their facilities. Various
types of waste that can be used in the waste to energy market including
utilization of semi-solid waste discharged from the manufacturing plants,
liquid waste like residential sewage and gaseous waste produced in refinery.
Market Segment:
Waste to energy market can be bifurcated on the basis of
technology used, as. thermal and biological. Thermal technology can be further
segmented on the basis of combustion (excess oxygen), oxygen used in the
process, pyrolysis (no oxygen). And gasification (partial oxygen). Biological
process can be used in a procedure where anaerobic decomposition of the solid
waste is required. In Asia Pacific, ignition is the most commonly used process
in waste to energy market. Fire cuts the cost required in the conveyance of
waste to landfills. It has been observed a significant growth in the production
of municipal and industrial waste, challenging innovation in current waste to
energy management technologies.
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Market Key
players:
The rising technological advancements is anticipated to
drive the Asia Pacific market for Waste to Energy in the future years. The
major companies that are involved in Waste to Energy are C&G Environmental
Protection Holdings Ltd., The Babcock & Wilcox Company, China Everbright
International Limited, Suez Environment S.A, Waste Management Inc., Xcel
Energy, Foster Wheeler AG and Veolia Environment.
Regional Analysis:
Geographically, the Waste to Energy market has been
bifurcated into five regions North America, Europe, Asia Pacific, Middle East
& Africa and Latin America. The Waste to Energy market size and forecast
period for each region has been estimated from 2017 to 2023. Additionally the
CAGR (%) for the forecasted period 2017 to 2023. The study also includes market
estimates for major countries/regions such as the U.S, the U.K., Germany,
France, Japan, China, India, GCC, North Africa, South Africa and Brazil. The
detailed analysis by technology, and regions supports in evaluating the present
scenario, growth prospects and the future scenario for the Waste to Energy
market over the forecast period. Thus, the report delivers in-depth segment
analysis of the market and classifies it into various industries, thereby
providing valuable perceptions.
Major Points from
Table of content:
• Executive
Summary
• Research
Methodology
• Market
Dynamics
• Industry
Overview
• Global
Waste to Energy (WTE) Market, By Product (2017-2025)
• Global
Waste to Energy (WTE) Market, By Regions (2017-2025)
• Market
Competition Analysis
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