The renewable investors are focused towards reducing the complete dependence on coal and other fuel. Several waste to new energy projects are introduced and it is expected to gain momentum in coming years. This can be one of the prime factor positively contributing towards growth of the global waste to energy market in the coming years.
Several government policy and norms are propelling demand for the waste to energy market in the coming years. Favorable government initiative is propelling demand of the global waste to energy market in the year to come and this is further stimulating growth of this market. In addition to this, the growing initiative to reduce landfills in order to minimize the negative impact on human health and environment is other factor positively augmenting market growth in the coming years.
High Initial Investment to Hamper Market Growth
On the other hand, high initial investment required to build plant for transforming waste into energy is likely to limit overall growth of the global waste to energy market. However, increasing disposable income and population is likely to increase waste and this is further driving demand for global waste to energy market in the forthcoming years.
Europe Waste-to-Energy Market to Expand at a Rapid Pace owing to Stringent Policy
From a geographical point of view, Europe is likely to dominate global waste to energy market owing to growing government initiative to invest more in building plants, and growing investment in biogas technology is further supporting market growth in the region.
Presence of large number of regional and global players to drive global waste to energy market in the coming years. The global waste to energy market demonstrate fragmented structure. The major players operating in this market are Gazasia Ltd., Covanta Holding Corporation, and China Everbright International Limited.