Thermal Technology to Project as Most Lucrative Segment in Asia Pacific Waste to Energy Market During Forecast Period

Rising urbanisation and increased environmental concerns are propelling the growth of Asia Pacific waste to energy market during forecast period

According to TechSci Research report, Asia-Pacific Waste To Energy Market By Type of Waste, By Technology, By Country, Competition, Forecast & Opportunities, 2024, the Asia-Pacific waste to energy market is expected to grow at a steady pace over next 5 years on account of growing industrialization and urbanization coupled with increased waste generation. Moreover, continuous investments by various governing bodies, especially in the growing nations of Asia-Pacific such as India and China, is further projected to drive the growth of waste to energy market in the region. Furthermore, significant growth in consumer expenditure capabilities is expected to give a steady push to the market growth over the coming years. The interest in waste to energy conversion is growing as an alternative to landfills marking sustainable waste management practices, thereby fueling the growth of Asia-Pacific waste to energy market through 2024.

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Asia-Pacific waste to energy market can be segmented based on type of waste, technology and country. On basis of technology, the market can be segmented into thermal, biological, physical. Among them, the thermal technology dominated the waste to energy market until 2018 which can be attributed to the increasing developments in gasification and incineration technologies, as well as the enormous amount of waste produced specifically from the developing nations of Asia-Pacific.

Mitsubishi Heavy Industries Environmental & Chemical Engineering co., ltd, C&G Environmental Protection Holdings Limited, China Everbright International Limited, Covanta Energy Asia Pacific Holdings Ltd., Suez S.A., Veolia India Private Limited, CNIM Martin Private Limited, Hitachi Zosen Corporation, China Jinjiang Environment Holding Co Ltd, GrandBlue Environment Co., Ltd., etc. are some of the leading players in Asia-Pacific waste to energy market. The companies operating in market are adopting new technologies and engaging in mergers and collaborations to boost their share and expand their presence in the market.

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“Asia-Pacific has witnessed significant development in the waste to energy market in the past few years and has dominated the global market until 2018. The market is projected to maintain its dominance over the forecast period as well on account of efforts by the government for adopting better municipal solid waste management practices, giving incentives for WTE projects in terms of capital subsidies and feed in tariffs, and providing financial support for research and development activities.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Asia-Pacific Waste To Energy Market By Type of Waste, By Technology, By Country, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of Asia-Pacific waste to energy market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Asia-Pacific waste to energy market.

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