Press release
Waste to Energy Market 2018-2025 |Key Players Arrow Ecology Ltd., Babcock & Wilcox Vølund A/S
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Waste to energy can be achieved by utilization of chemical (esterification), bio-chemical or thermo-chemical technologies. The use of these technologies is decided based on numerous factors, which include the composition and type of waste, calorific value, and the final energy form. The energy generated is utilized for applications such as electricity and heat generation, which is predominantly achieved by incineration. Transport fuels such as ethanol, bio-diesel, and bio-jet fuel are produced by processing waste.
The major drivers for the growth of waste to energy market include the increasing popularity of renewable energy resources, high waste generation, stringent regulations regarding waste disposal, and world policy regarding climate change such as the Kyoto Protocol and Paris Climate Agreement. The restraining factors for the growth of the market include low fossil fuel prices, which can be attributed to an oversupply of crude oil and gas due to increased production from shale reserves in the U.S.
Major players operating in the waste to energy market include Austrian Energy & Environment Group GmbH, Arrow Ecology Ltd., Babcock & Wilcox Vølund A/S, Constructions Industrielles De La Editerranée (CNIM), Covanta Energy Corporation, Essent N.V., Haase Energietechnik AG, Wood Group, Qinetiq, and Pacific Renewable Fuels Inc.
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