Description
The
goal of this report is to characterize, portray, and estimate the market on the
premise of sort, application, therapeutic condition, and area. It gives
point-by-point data with respect to the main considerations influencing the
development of the market. This report likewise tracks and examines aggressive
improvements of the key players regarding market advancements, item portfolios,
and financials
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The
global WTE market is expected to reach USD 37.64 billion by 2020. Strong shift
in trend towards energy security around the world coupled with decreasing
landfill area is expected to remain a key driving factor for the global WTE
market. Government support in the form of tax benefits and government subsidies
are also expected to have positive influence on the market growth over the next
six years. Threat from other established renewable energy sources particularly
solar, wind and hydro is expected to remain a key challenge for market
participants. In addition, high upfront cost associated with establishment of
WTE plants is also expected to hamper the market growth
Thermal
WTE technologies emerged as the leading WTE technology and accounted for 88.2%
of total market revenue in 2013. Operational ease and simple process associated
with thermal technologies have been major factors driving its market. Flue
gases emitted through these technologies have been a major issue for the market
growth. Technological advancements such as flue gas desulfurization are
expected to counter such challenges and propel growth for thermal WTE
technologies. Biological technologies are expected to witness the highest
growth rate over the forecast period. The segment is expected to grow at an
estimated CAGR of 9.7% from 2014 to 2020. Biological methods are considered to
be environmental friendly compared to thermal technologies which is expected to
help them penetrate the market
Further
key findings from the study suggest:
Global
WTE market was valued at USD 25,320.0 million in 2013 and is expected to reach
USD 37,642.8 million, growing at a CAGR of 5.9% from 2014 to 2020.
Europe
was the largest regional market and accounted for 47.6% of total market revenue
in 2013. Increasing industrial waste coupled with EU Waste Legislation have
been major factors driving the regional market. The regional market is
characterized by increasing WTE technology adoption by countries such as Germany,
Austria and Netherlands
Asia
Pacific is expected to register highest growth rate over the forecast period
owing to increasing WTE technology penetration in Japan. The region is expected
to grow at an estimated CAGR of 7.5% from 2014 to 2020. Increasing industrial
waste in China and India on account of growing industrialization rates coupled
with government initiatives to promote sustainable energy generation is
expected to drive the regional market. Low cost technology development in China
and India is expected to pose challenge to established companies
Major
companies in the market strive to improvise technological processes in order to
reduce installation costs. Some of the major market participants in the global
WTE market include C&G Environmental Protection Holdings Ltd., Foster
Wheeler A.G., Veolia Environment, Suez Environment S.A., Waste Management Inc.,
KEPPEL SEGHERS and Babcock & Wilcox Co.
For
the purpose of this study, Grand View Research has segmented the waste to
energy (WTE) market on the basis of technology and region:
Global Waste to Energy (WTE) Technology
Outlook (Revenue, USD Million, 2012 - 2020)
Thermal
Biological
Global Waste to Energy (WTE) Regional
Outlook (Revenue, USD Million, 2012 - 2020)
North
America
Europe
Asia
Pacific
RoW
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This
report is a total investigation of ebb and flow inclines in the market,
business development drivers, and restrictions. It gives showcase projections
to the coming years. It incorporates investigation of late advancements in
innovation, Doorman's five power demonstrate examination and point by point
profiles of best industry players. The report additionally incorporates a
survey of miniaturized scale and large-scale factors fundamental for the
current market players and new participants alongside nitty gritty esteem chain
examination
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