WTE(Waste to Energy) is the process of obtaining energy in the form of heat or electricity from processing waste into fuel or primary treatment of waste. These processes generate energy through combustion as well as produce methanol, methane, synthetic fuels, or ethanol. The energy obtained from this process is like that of electricity produced using natural gas, coal, and other methods. The WTE(Waste to Energy) process is forecasted to reduce municipal solid waste landfills by about 90 percent, which significantly reduces carbon dioxide emissions generated by these waste landfills.
WTE(Waste-to-Energy) plant burns waste at higher temperatures and uses the heat to make steam. The steam thus generated drives turbines to produce electricity. WTE is not a trash disposal method but a method to recover valuable resources. It’s an essential part of the waste management chain and thoroughly encourages recycling. This process avoids methane from landfills, recovers valuable metallic resources, reduces greenhouse gas emissions, produces clean energy and steam, and destroys chemical waste. Also, it destroys furans, dioxins, and NOx.
Generation of a large amount of waste and its management as well as meeting the need for sustainable living in the urban areas, coupled with a greater interest in non-fossil fuel sources of energy are the key factors in the adoption of WTE(Waste-to-Energy) methods. But these technologies, mainly incineration, produce environmental pollution and can cause health hazards. For this reason, the incineration plant owners have adopted techniques to clean the flue gas stream. As a result, there is a significant improvement in terms of environmental sustainability.
Top key players
EEW Energy from Waste
GreenEfW Investments Limited
Covanta Burnaby Renewable Energy
Plasco Energy Group Inc.
The global WTE(Waste-to-Energy) market is segmented based on technology and region. Based on technology, it is further classified into thermal, incineration, pyrolysis and gasification, and biological. The thermal decomposition of volatile organic components of a substance at higher temperatures in the absence of air or oxygen is called pyrolysis. Alternatively, gasification uses only a fraction of oxygen that would be needed to burn the material. Increasing growth in power consumption and interest to generate energy from renewable energy resources is forecasted to fuel the growth of the WTE(Waste-to-Energy) market in the coming years.
WTE(Waste-to-Energy) market is segmented based on region as North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific has witnessed notable growth in this industry. This region has even dominated the WTE(Waste-to-Energy) market globally due to the initiatives taken by the government in adopting proper waste management processes. Also, the governments provide incentives and financial support for R&D projects based on cost-sharing principals. In China, there is significant growth in the number of incineration plants. During the forecast period, the incineration industry is expected to grow to replace polluting, stinky, land-intensive garbage dumps. Moreover, with a developing economy producing large amounts of garbage, China is finding new ways to turn solid waste into electricity.
The players operating in the WTE(Waste-to-Energy) market are adopting strategies such as business expansions, agreements, joint ventures, mergers&acquisitions to strengthen their market positions. Thermal technology dominates the global WTE(Waste-to-Energy) market. This dominance is expected to continue due to the developments in gasification and incineration technologies.
View Detailed research report @ https://www.wiseguyreports.com/reports/4555161-global-wte-waste-to-energy-market-professional-survey-report-2019
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