The Global Waste To Energy (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.
Browse Detail Report With TOC @ http://www.hexareports.com/report/waste-to-energy-wte-market-analysis-by-technology-thermal-biological-and-segment-forecasts-to-2020
Further key findings from the study suggest:
• 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.
Request A Sample copy of This Report @ http://www.hexareports.com/report/waste-to-energy-wte-market-analysis-by-technology-thermal-biological-and-segment-forecasts-to-2020/request-sample
• 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
Browse More Energy Related Market Research Reports:
• Hybrid Power Solutions Market Analysis And Segment Forecasts, 2014-2025 –
http://www.hexareports.com/report/hybrid-power-solutions-market
• Power Plant Boiler Market Analysis And Segment Forecasts, 2014-2025 –
http://www.hexareports.com/report/power-plant-boiler-market
About Us:
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe.We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Media Contact
Company Name: Hexa Reports
Contact Person: Michelle Thoras and Ryan Shaw
Email: sales@hexareports.com
Phone: +1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California
Country: United States
Website: http://www.hexareports.com/report/waste-to-energy-wte-market-analysis-by-technology-thermal-biological-and-segment-forecasts-to-2020