Increasing focus to reduce landfilling of waste will drive this market to reach $ 29 billion by 2016
LONDON – 13 November, 2013 - A growing volume of municipal solid waste, an increasing need to generate energy and stricter legislations are together driving the waste to energy (WTE) plant market globally. Revenues - that at the end of 2012 accounted for $ 19 billion - are expected to reach $ 29 billion by 2016.
The global waste to energy market is discussed and explored in a presentation by Frost & Sullivan Research Analyst Monika Chrusciak which is now available online.
Currently, the installation of new waste to energy plants are witnessing strong interest in regions with the highest population density and limited area, such as Western Europe, the Middle East and also South Asia. At the same time, regions with developed economies and an existing installed base of waste to energy plants are expected to create vast modernization opportunities by 2016.
"Landfilling of waste is no longer the economically sound process that it used to be a few years ago. Gate fees have risen considerably, leading market participants to explore competitive solutions," explains Ms Chrusciak. "Waste to Energy plants provide a waste treatment solutions which shift from limited recycling value to recycling with energy recovery. Successful operation of WTE plant relies on internal WTE plant economies, understanding of local conditions and also on an innovative business model."
"The WTE market's future prospects highlight the need for increased collaboration among stakeholders to complement each other's expertise and knowledge base in tapping future growth opportunities," adds Ms Chrusciak.
The presentation - which is available in the form of a podcast - provides top level insight of the global waste to energy plant sector between 2009 and 2016. It offers a strategic overview of the global waste to energy plant market and provides an understanding of the growing interest among waste management and energy generation companies in the waste to energy plants industry.
To receive a complimentary copy of the presentation and to have access to the podcast please send an e-mail to Chiara Carella, Corporate Communications, at firstname.lastname@example.org, with your full contact details.
The presentation is also available on Slideshare
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