The global waste to energy market was valued at $17,271.4 million in 2017, and is projected to reach $27,700.8 million by 2025, growing at a CAGR of 6.1% from 2018 to 2025. Waste to energy (WtE) or energy from waste (EfW) is a process of energy recovery, which involves generating energy in the form of heat or electricity from primary treatment of waste. Most of the waste to energy processes generating electricity through combustion or by producing combustible fuels such as methane, methanol, ethanol, or other synthetic fuels.
The growth of the global waste to energy market is driven by increase in demand for incineration process and rise in public WtE expenditure. Moreover, increase in inclination of consumers toward efficient and ease of WtE conversion techniques, such as incineration, gasification, pyrolysis, and various biological treatments, such as aerobic and anaerobic digestion, are expected to significantly boost the market growth. However, rise in concerns related to the environmental hazards associated with the incineration process is expected to affect the overall market growth in the developed and developing countries. On the contrary, increase in investments in R&D activities to ensure reliability in terms of environmental effects is expected to provide lucrative opportunities for the market growth in the future.
Major Key Players of the Waste to Energy Market are:Waste Management Inc., Abu Dhabi National Energy Company PJSC, Suez Environment S.A., C&G Environmental Protection Holdings, Constructions industrielles de la Méditerranée (CNIM), China Everbright International Limited, Foster Wheeler A.G., Covanta Energy Corporation, Babcock & Wilcox Enterprises, Inc., and Veolia Environment.
Read More @ http://www.sbwire.com/press-releases/waste-to-energy-market-detailed-insights-on-upcoming-trends-2018-2025-waste-management-abu-dhabi-national-energy-1287078.htm
The growth of the global waste to energy market is driven by increase in demand for incineration process and rise in public WtE expenditure. Moreover, increase in inclination of consumers toward efficient and ease of WtE conversion techniques, such as incineration, gasification, pyrolysis, and various biological treatments, such as aerobic and anaerobic digestion, are expected to significantly boost the market growth. However, rise in concerns related to the environmental hazards associated with the incineration process is expected to affect the overall market growth in the developed and developing countries. On the contrary, increase in investments in R&D activities to ensure reliability in terms of environmental effects is expected to provide lucrative opportunities for the market growth in the future.
Major Key Players of the Waste to Energy Market are:Waste Management Inc., Abu Dhabi National Energy Company PJSC, Suez Environment S.A., C&G Environmental Protection Holdings, Constructions industrielles de la Méditerranée (CNIM), China Everbright International Limited, Foster Wheeler A.G., Covanta Energy Corporation, Babcock & Wilcox Enterprises, Inc., and Veolia Environment.
Read More @ http://www.sbwire.com/press-releases/waste-to-energy-market-detailed-insights-on-upcoming-trends-2018-2025-waste-management-abu-dhabi-national-energy-1287078.htm
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