Global Waste-to-Energy Market to Reach $28.8 Billion by 2015
cost-efficient solution for converting waste into energy, is
emerging as a key component of integrated waste management
strategies across the globe.
WtE is now considered as a viable solution that helps in
reducing greenhouse gas emissions as well as solving space issues
created by landfills. Governments at all levels across the globe
have called for increased use of renewable energy, including
waste-to-energy, in order to develop homegrown energy sources,
establish energy independence, reduce pressure on landfills,
dispose non-recyclable wastes and reduce greenhouse gas
emissions.
Waste management techniques such as WtE are especially gaining
popularity in developed countries, which produce higher percentage
of waste in comparison to developing nations.
Europe dominates the world Waste-to-Energy market, as stated by
the new market research report on Waste-to-Energy. In an effort to
reduce the use of landfills, the European Union is increasingly
replacing the use of landfills by establishing WtE facilities.
Traditionally, WtE sector was dominated by the public sector,
however, the market scenario is changing with private sector also
making large scale investments in the WtE sector. Waste diversion
targets set by the Landfill Directive, rising oil prices, and ever
increasing demand for power are the major growth drivers for the
European WtE market.
Asia-Pacific represents the fastest growing market for WtE.
Countries in the Asia-Pacific region are increasing the adoption of
WtE technology as a sustainable alternative to landfills for
dealing with problems associated with energy creation and waste
disposal.
WtE technology enables countries to earn carbon credits and
conserve natural resources. Robust financial tools, capability
development, better public awareness, privatization and stringent
regulations are expected to help in the promotion of WtE technology
in the region. Several Asian countries, including Taiwan and Japan,
are leading users of WtE facilities.
The market for Waste-to-Energy is highly competitive with scores
of players vying for the market pie. Key players profiled in the
report include AE&E Group GmbH, Axpo Kompogas AG, Babcock &
Wilcox Volund A/S, Bedminster International Ltd., BiogenGreenfinch,
BTA International GmbH, Community Power Corporation, CNIM, Covanta
Holding Corporation, EcoCorp Inc., Keppel Integrated Engineering
Ltd., North American Power Group Ltd., Organic Waste Systems NV,
STRABAG Umweltanlagen GmbH, Veolia Environmental Services, Waste
Management Inc., and Wheelabrator Technologies Inc., among
others.
The report titled “Waste-to-Energy: A Global Strategic Business
Report” announced by Global Industry Analysts, Inc., provides a
comprehensive review of market trends, product overview,
technological overview, product introductions/innovations, and
recent industry activity. The study analyzes market data and
analytics in terms of revenues for regions including North America,
Europe, Asia-Pacific, and Rest of World. Further, the global market
is analyzed by the following technology types - href=”http://www.strategyr.com/Waste_to_Energy_Market_Report.asp”
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and Thermal Waste-to-Energy.
For more details about this comprehensive market research
report, please visit - href=”http://www.strategyr.com/Waste_to_Energy_Market_Report.asp”
target=”_blank”
onclick=”linkClick( this.href );”>http://www.strategyr.com/Waste_to_Energy_Market_Report.asp
Source: www.earthtimes.org