Global Waste To Energy Market To Register A 6.1% CAGR During 2018 To 2026, Advanced Technology To Strengthen Expansion

The global waste to energy market is extremely competitive. There are several players in the market. These companies are focused on bring in better technology to strengthen the process of waste to energy, says Transparency Market Research (TMR) report.

Some of the key players in the global waste to energy market are –Suez Environment S.A., Covanta, Waste Management, Inc., China Everbright International Limited, and C& G Environmental Protection Holdings.

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The demand for converting solid waste to energy has been rising keeping environmental factor and alternative energy source as an objective. Advanced technology and safe process of converting municipal waste into renewable energy drives the global waste to energy market. The global waste to energy market is predicted to expand at 6.1% during the forecast period 2018 to 2026. The global revenue is estimated to reach US$ 32 Bn by the end of forecast period. The global waste to energy market is predicted to grow at a steady rate in upcoming years.

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Regionally, Europe dominated the global waste to energy market previously and is likely to continue its dominance in coming years. The factors driving the growth in this region are increasing investments biogas technology, rising government initiatives, new objectives with regards to renewable energy. Asia Pacific is expected to rule the global waste to energy market during the forecast period. Increasing importance to sustainable energy, increasing consumption of energy, rapid urbanization are likely to push the global waste to energy market. The global waste to energy market is segmented into biochemical and thermochemical in terms of technology. Thermochemical technology segment is likely to dominate the global market during the forecast period.