ALBANY, New York, June 30, 2015 /PRNewswire/ --
Waste to energy has emerged as a renewable source of energy, gaining the support and funding of numerous governments around the world. This has stimulated the global waste to energy market, according to a report published by Transparency Market Research.
The report, titled "Waste to Energy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" indicates that registering an 8.1% CAGR from 2013 to 2019, the worldwide waste to energy market stands to grow from US$18,472.3 million in 2012 to US$31,892.9 million in 2019.
Full Research Report on Waste to Energy Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/waste-to-energy-market.html
The waste to energy market is fueled by reduced GHG emission from landfills, rising concern towards energy security, growing regulatory support as well as incentives, and tax increment on landfills. Increasing disposable income and growing population in developing countries and emerging economies has led to increased generation of waste, which is likely to boost the market over the next couple of years. However, high initial cost is expected to curb the growth of the waste to energy market.
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On the basis of technology, the market for waste to energy is bifurcated into biological and thermal. While the segment of thermal technology dominates in terms of revenue, the biological technology segment is the fastest developing one of the two. In 2012, thermal technology held a whopping 80% of the waste to energy market and this segment has been witnessing strong demand on account of increased taxes on landfills, rise in municipal solid waste, and the ability of thermal technology to minimize the amount of waste in both weight and volume. Farmers mostly use biological technology to process farm waste and produce energy since this technology needs biodegradable and high moisture content feedstock.
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On the basis of geography, the global waste to energy market is divided into North America, Asia Pacific, Europe, and Rest of the World. Generating more than 40% of the total revenue, Asia Pacific dominates the waste to energy market and is projected to witness healthy growth by 2019. This region is mainly driven by economic development and rise in disposable income. While Japan has the highest level of sustainable waste management, India and China have the potential to generate massive amount of waste that can be used in waste to energy plants. Looking to improve the quality of life, these developing countries are focusing on waste to energy practices, thereby boosting the overall market.
Browse the Article of this report, here: http://www.transparencymarketresearch.com/article/waste-to-energy-market.htm
Europe has been a leading contributor to the waste to energy market in the past with highly advanced technologies to treat solid waste. However, stagnancy, economic crisis, and diminishing dependency by countries such as the Netherlands, Austria, Belgium, and Germany on landfills has caused the European waste to energy market to show a minimally impressive performance over the past few years.
The leading participants of the global waste to energy market include The Babcock & Wilcox Company, Veolia Environnement, Waste Management, Inc., Covanta Energy Corporation, Constructions industrielles de la Méditerranée (CNIM), Xcel Energy, Foster Wheeler AG, China Everbright International Limited, KEPPEL SEGHERS, Suez Environment S.A, and C&G Environmental Protection Holdings Ltd.
Other Published Reports by Transparency Market Research:
- Offshore Wind Energy Market: http://www.transparencymarketresearch.com/offshore-wind-energy-market.html
- Biomass Boiler Market: http://www.transparencymarketresearch.com/biomass-boiler-market.html
- Base Oil Market: http://www.transparencymarketresearch.com/base-oils-lubes-market.html
- Hydraulic Fracturing Market: http://www.transparencymarketresearch.com/hydraulic-fracturing-market.html
The Market Segmentation of Waste to Energy Market:
Waste to Energy Market: Technology Analysis
Waste to Energy Market: Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)
Browse All Energy/Oil & Gas Market Research Reports: http://www.transparencymarketresearch.com/energy-market-reports-3.html
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
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SOURCE Transparency Market Research