Waste to Energy Market worth $35.5bn by 2024
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The report features comprehensive analysis of the market with key market trends and key factors influencing the market listed in the report. Thermal waste to energy process dominated the segment and is predicted to exhibit moderate gains over the projected time frame. The alternative thermal processes are anticipated to foresee surge in demand. Biological waste to energy technology is poised to register high growth at over 6.5% during the forecast period. Anaerobic digestion penetration into developed composting plants is projected to further market growth.
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As per the latest news published on 01st June’16 about the Waste to Energy in the USA, the 70 mass burn plants in the United States consume 13% of annual waste; this is 14.5% as compared to year 1990. Approximately, 2.1 billion tons of waste is generated by humans annually, which is then carried to landfills and it decomposes and is converted into energy. In the United States, around 245 million tons of waste is produced annually. As per the United States Environmental Protection Agencies inventory, the municipal solid waste released 1% of highly toxic contents in the year 2000 as compared to 13 years prior.
Furthermore, as per latest news published on 26th May’16 of International Journal of Epidemiology, it is reported that people living near landfills are exposed to health hazards. Humans who stay 5 kilometers near the landfill site have diagnosed diseases like lung cancer, respiratory diseases, hospitalizations and even deaths. The waste throws out hydrogen sulphide which is harmful for humans especially children.
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Fairly competitive players run the waste to energy market share, like Hitachi Zosen, Covanta, Keppel Seghers and Wheelabrator Technologies are prominent. Some companies are part of the value chain that work on operate and built or only transfer basis, or some run the plant operation. Foster Wheeler, China Everbright International, Plasco Energy, Veolia Environment, Xcel Energy are some of them.
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