`Waste to Energy Market Size, Market Share, Application Analysis, Regional Outlook, Growth, Trends, Competitive Scenario and Forecasts, 2012 to 2020

Industry Insights

Shift in trend toward use of renewable energy resources is expected to be the major factor driving the global waste to energy (WTE) market over the forecast period. Waste generated from residential and commercial uses are consumed to produce electricity. Increasing industrial and domestic waste has encouraged government to promote energy generated from waste. This trend is expected to drive the global WTE market over the next six years. Favorable government regulation coupled with subsidies and tax benefits are expected to be the major factor driving the market over the next six years. Increasing environmental apprehension over non-renewable energy usage is anticipated to have positive impact on global WTE market over the foreseeable period. Decreasing landfills area is likely to create an opportunity for the market players in the future.

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Growing recycling industry in developed nations including Germany, U.S., Japan, and Netherland is expected to complement the market growth over the foreseeable period. Waste putrefaction during landfilling produces methane gas. This factor is likely to propel the global WTE market over the next six years. Shift in focus toward reducing carbon footprints is further expected to enhance market growth over the next six years. Already established renewable energy sources such as wind, solar, and hydro is likely to remain the key challenge for the new entrants as well as existing market participants. In addition, high set-up cost compared to landfilling technique is expected to hinder the market growth in near future. However, increasing research & development to reduce the installation cost of WTE plant is expected to be major factor driving the market over the foreseeable period.

Technological advancement to improve energy efficiency is further likely to compel the market growth. Thermal and biological...