INCREASING DEMAND FOR ENERGY UPSWINGS THE GLOBAL WASTE TO ENERGY MARKET AT 6.10% OF CAGR DURING 2017-2026
“According to a new market research report published by Inkwood Research, The Waste to Energy market is expected to develop from $ 29864.4 million in 2016 to $ 53820.5 million by 2026, growing at a CAGR of 6.10% between 2017 and 2026.”
“Browse 43 market data Tables and 35 Figures spread through 212 Pages and in-depth TOC on “waste to energy Market” Forecast 2017-2026.”
Depletion of conventional energy resources augmenting demand for renewable energy, growing energy demand, increasing municipal waste generation and a decline in the number of landfill sites are the reasons driving the growth of the waste to energy market across the globe.
In the technology segment, thermal technologies hold the highest market share
Thermal technologies can process both organic and inorganic waste, giving them a competitive edge over other renewable energy technologies. Political support and environmental regulations are expected to have a positive influence on the overall market over the next few years. Public opposition to incineration technologies is still a major concern for widespread deployment of thermal waste-to-energy technologies. However, recent developments in these technologies are expected to create attractive market opportunities for waste-to-energy technology providers. The global thermal waste-to-energy technologies market is expected to grow from $25878.2 million in 2016 to $44103.6 million by 2026, growing at an estimated CAGR of 5.51% during the forecasting years 2017 to 2026.
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North America is set to be the fastest growing region in WTE market
North America is one of the largest waste generating regions in the world primarily due to excess of waste generated from the United States. However, WTE technologies in North America have still not evolved at the same pace as the waste generated in the region. The region still lacks suitable policies and regulations concerning WTE. However, due to the region’s decreasing availability of landfill space and the shift toward the development of renewable energy, the market holds immense growth potential in the near future. Various waste management programs are funded through property taxes collected in the region. The waste to energy market in North America is growing at a CAGR of 7.27% throughout the forecast period 2017-2026.
The key established players in the global waste to energy market are Amec Foster Wheeler, Babcock & Wilcox Enterprises, Covanta Technologies, Veolia Environment and Xcel Energy.
The waste to energy market report provides competitive landscapes, market drivers, trends, restraints, opportunities and challenges in this market. The report estimates the current size and the future growth potential of the market across diverse applications, technologies, verticals, types, and regions. The outlook of the report additionally comprises of mergers and acquisitions, strategies, product portfolios, agreements, partnerships and collaborations amongst the key players.
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