Published on : Sep 22, 2016
ALBANY, New York, September 22, 2016: With growing awareness about extracting maximum value from waste, higher investments are being channeled into waste to energy technologies. As a result of this, the global waste to energy market is projected to post strong growth through 2016. These and other trends are analyzed in a new report titled, ‘Global Waste-to-Energy Technologies Industry 2016, Trends and Forecast Report’. The report is now available on the website of ResearchMoz.us. Several countries are moving from the conventional method of dumping municipal and other waste into landfills and are looking toward more sustainable ways to manage and monetize waste.
The enormous amount of waste generated by developing countries in Asia Pacific and the growing awareness about using this waste to produce energy has made the region a hub for investments in waste to energy technologies. However, developed countries are also creating a solid base for the growth of this market by launching technologies that are ahead of the pack. However, the chief concern associated with developed regions is that growth has stagnated in many markets that were once pioneers of the technology. This has naturally resulted in growth shifting toward developing regions that have a high waste-generation potential.
The report studies the regional dynamics and how they are projected to be impacted by ongoing changes to the competitive and technological landscape. Factors such as alternative technologies that are expected to erode the revenues of companies in the waste to energy market are also studied in detail in the report.
Current capacities of major waste to energy plants are provided in the report. Other important plants that are expected to come online in 2016 are also included in the scope of the study. Armed with this information, waste to energy companies can spot white gaps in the market and gain specific insight about where investments should be pumped in.
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Basis technology type, the global waste to energy market can be segmented into thermal and biological WTE technology. Currently, the use of thermal technology is more widespread as compared to biological technology. This is the result of thermal WTE energy being less selective about the kind of waste fed in order to obtain energy. The key drawback with thermal waste to energy technology is that the efficiency of the waste generation plant is affected by the kind of waste fed into it. Consumers in the agriculture sector, on the other hand, prefer biological plants because they use anaerobic digestion to break waste down and generate energy.
Companies that are currently ahead of the pack in the global waste to energy market include: C&G Environmental Protection Holdings Ltd., Suez Environment S.A, The Babcock & Wilcox Company, China Everbright International Limited, Xcel Energy, Foster Wheeler AG, KEPPEL SEGHERS, and Waste Management Inc.
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