Global Waste to Energy Technologies Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-05 20:13:03
The Global Waste to Energy Technologies market is to grow at a CAGR of 5.35 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing environmental concerns. The Global Waste to Energy Technologies market has also been witnessing the increased interdependence of WTE plants and hydrogen plants. However, the availability of substitute methods could pose a challenge to the growth of this market.
In the US, there are several rules and regulations that have been put in place by the US EPA and the UN Environment Program to encourage energy generation from waste; these policies are framed under the Resource Conservation and Recovery Act (RCRA). Moreover, the waste management program developed by the RCRA puts pressure on the environmental departments of various state governments in the US to develop plans to manage waste. The RCRA also issues permits to WTE companies to ensure the safe treatment of waste in the US. This is a prominent trend in the Global Waste to Energy Technologies market, and it is expected to encourage rapid market growth during the forecast period.
The increasing demand for energy is one of the major drivers in the Global Waste to Energy Technologies market. Since traditional power generation techniques lead to increased carbon emissions, various governments across the globe are shifting their focus to recycled energy generation methods such as waste to energy technologies. This is in turn increasing demand for WTE technologies because they emit less harmful gases when compared to fossil fuel-based power generation plants.
The key vendors dominating this space are ABB Group, Babcock & Wilcox Volund A/S, Babcock Power Inc., and China Everbright International Ltd.
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