Waste to Energy (WtE) is the process of energy production by the waste treatment. Municipal solid wastes, process wastes, medical, and agricultural wastes are various forms of waste used for energy generation. Waste includes various types of biomass and non-biomass materials such as paper and paperboard, food waste, plastic, glass, and metal. Waste to energy process is aids to reduce the municipal solid wastes (MSW) landfill by ending up which can turn in reduction of carbon dioxide (CO2) emissions the waste generated.
Key factors to drive the growth of the global waste to energy market are increasing popularity of renewable energy resources, high waste generation, and stringent regulations regarding waste disposal across the globe. Also, world policy regarding climate change such as the Kyoto Protocol and Paris Climate Agreement enhances the waste to energy market. The factors impedes the growth of the market include low prices of fossil fuel, due to an oversupply of crude oil and gas since increased production from shale reserves in the U.S.
https://prophecymarketinsights.com/market_insight/Global-Waste-to-Energy-Market-443
https://prophecymarketinsights.com/market_insight/Global-Waste-to-Energy-Market-443
The global Waste to Energy market has been segmented on the basis of technology and region. On the basis of technology, the global waste to energy market has been segmented into thermal and biological. Based on thermal, segment is subdivided into incineration, pyrolysis and gasification.
On the basis of region, the global waste to energy market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Compared with other region, Europe was the largest region to account for major share in global waste to energy market. Countries in Europe are estimated to significant growth in the global waste to energy market with steady growth owing to overall increase in economic growth in this region. Due to continued growth of waste management regulations in waste to energy plants in Europe, followed by Asia Pacific and North America, CAGR of waste to energy market increased across the globe.
The major players operating in the global waste to energy market includes Novo Energy Ltd., Hitachi Zosen corporation, Foster Wheeler A.G., Sierra Energy, Xcel Energy Inc., China Everbright International limited, Covanta Energy Corp., Green Conversion Systems llc, Babcock and Wilcox Enterprises, and Keppel Seghers Engineering Singapore Pte Ltd.
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