Waste To Energy Market To Reach Worth Of US$31.8 Bn By 2019 End, Governmental Support For Environmental-Friendly Methods

Prominent players operating in the global waste to energy market include Suez Environment S.A., Waste Management, Inc., Constructions industrielles de la Méditerranée (CNIM), C&G Environmental Protection Holdings, Covanta, China Everbright International Limited, and Veolia Environnement S.A., finds Transparency Market Research (TMR). A growing number of players are focusing on bringing improvements in technologies to convert municipal solid waste to renewable energy.

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The global waste to energy market was valued at US$18.4 billion in 2012 and is projected to reach US$31.8 billion by the end of 2019. During the forecast period of 2013 - 2019, the global market is projected to expand at a CAGR of 8.1%.

The various technologies used for waste to energy conversion process can be grouped into biological and thermal. Presently, thermal technology leads the global market. However, in recent years, biological technologies have gathered steam and the segment is projected to rise at a rapid pace over the assessment period. The demand for anaerobic digestion technology for waste to energy conversion has gathered pace owing to its effectiveness in reducing greenhouse gas emissions and its flexibility in meeting the needs of end users, especially those of farmers.

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The various regional segments for waste to energy are Europe, North America, Asia Pacific, and Rest of the World. Of these, currently Asia Pacific leads the pack and is expected to rise at a rapid CAGR over the forecast timeline. The swift pace of economic development in its key economies, coupled with the burgeoning volumes of waste generated across the region, is fueling the growth.