Global Waste to Energy (WTE) Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018-2025

Published - Aug 2018 | Category - Energy and Power | No. of Pages - 97 | Published By - ARC

Introduction

Waste to Energy (WTE) refers to various technologies used for conversion of non-recyclable waste into any usable forms of energy such as heat, fuels and electricity. It converts municipal and industrial solid waste into electricity or heat for industrial processing applications. Waste-to-energy is not just a trash disposal method; it is a vital part of a sustainable waste management chain. For instance, it has been evident that 90% of the metals contained in the bottom ash can be reused; the remaining clinker can be reused as road material. Two major technologies used in waste-to-energy market biological and thermal in which later further consist of incineration, gasification and pyrolysis.

Market Dynamics

Rising domestic and industrial waste has motivated various governments across to promote energy generation from waste. As a result, it is leading to favorable government regulations for implementing these techniques across the regions. In addition, growing environmental concerns for the usage of non-renewable resources has been driving the adoption of WTE techniques which further drives the market growth. However, lack of awareness regarding WTE benefits particularly in developing economies may hamper the market growth. Furthermore, technological innovations in WTE techniques and rising government initiatives towards recycling of waste materials are expected to create significant opportunities for the market.


 

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