Global Waste to Energy Technologies Market analyzes different technologies used to generate energy using MSW (Municipal Solid Waste). It evaluates the key opportunities and drivers for the WTE technologies market in the U.S., Europe, Asia-Pacific, and ROW.
Waste to energy (WTE) involves processing
municipal solid waste into heat, electricity, and refuse derived fuel (RDF).
The concept has superseded the ‘garbage in – garbage out’ practice by
facilitating efficient garbage management while simultaneously providing clean energy
and deriving dollars out of waste.
Driven by its growing role in the fields of
electricity and heat generation, WTE technology is expected to reach a market
size of $29.98 billion by 2015 at a CAGR of 5.5% from 2010-2015.
The global energy market is witnessing a shift toward waste
to energy technologies due :
Ø
growing energy demands worldwide
Ø
the rapid depletion of conventional sources of
energy and
Ø
Concerns
over environmental pollution from conventional energy sources.
Governments across
the globe are offering initiatives and financial schemes to encourage
production of energy from industrial and agricultural wastes.
At present, there are a few international companies active
in the WTE market but it is it is expected to witness a double-digit growth
rate in the next five years. The major
support for this is participation of developing countries.
Some of the challenges for Waste to Energy Technology Market
are
Ø
negative
general opinion,
Ø
high initial cost,
Ø
long production and sales cycle,
Ø
rules and regulations,
Ø
political indifference and
Ø
compulsion of local joint ventures.
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Source : http://www.nsf.gov
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The intended audience who will be interested
in research reports about WtE market includes:
- Waste to energy companies
- Energy equipment manufacturers
- Waste management companies
- Research labs
- State and regulatory bodies
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Source: jherrerosdc.typepad.com
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