Frost & Sullivan sees waste-to-energy market at USD 29bn in 2016

Nov 13, 2013 - Revenues from the waste-to-energy (WTE) segment are seen to reach USD 29 billion (EUR 21.6bn) by 2016, compared to USD 19 billion for 2012, a report by consulting company Frost & Sullivan shows.

According to research analyst Monika Chrusciak, stricter legislations on waste disposal and the rising amounts of municipal solid waste coupled with the global hunger for more energy are driving growth in the WTE sector.

This type of alternative energy generation is becoming more and more attractive for regions with high population density and limited space such as Western Europe, the Middle East and South Asia. Furthermore, significant modernisation opportunities by 2016 are expected to come from countries with developed economies which are already using WTE installations.

“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,” Chrusciak noted.

(USD 1 = EUR 0.746)

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