Dive Brief:
- Revenue generated in the waste-to-energy (WTE) market is expected to grow to over $28.6 billion globally by 2016.
- Analysts predict that growth will be accelerated in China, the UK and Central and Eastern Europe, especially Poland and India, driven by the construction of new facilities in these areas.
- The report did warn that emerging countries are in transition and don't have regulatory structures for technology or sustainable waste management. The costs of WTE technology is also noted as a hindrance that will limit the construction of facilities.
Dive Insight:
According to Waste Management World, an analyst said that "to overcome these challenges, market participants must scout for opportunities in countries with escalating energy demand and shrinking nature resources."
