DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/j3whf3/china) has announced the addition of the "China Waste-to-Energy Plants Market Forecast & Opportunities, 2018" report to their offering.
China is one of the fastest growing economies in the world due to growing industries and trade which has in-turn resulted in large amount of waste material. It is extremely imperative for China to dispose off this waste in the most efficient manner in order to preserve its environment. This huge chuck of waste along with Chinese governments concerns to preserve its environment makes China one of the most important markets for waste to energy (WTE) plants. The demand for renewable energy in China is increasing and the government of China is all set to give greater value to its renewable energy segment in their energy plan. China's twelfth five-year plan has the agenda of installing more than 100 WTE plants during 2011-15. It is forecasted that China's share in global Waste-to-Energy plants market will grow almost double by the end of 2018. The government of China is taking initiatives and supporting investment schemes in Waste-to-Energy plants under Build-Operate-Transfer (BOT) and Build-Operate-Own (BOO) models.
According to China Waste-to-Energy Plants Market Forecast & Opportunities, 2018, the market for Waste-to-Energy plants in China is expected to grow up to almost three folds in the next five years. The revenues from WTE plants market in China is forecasted to grow at the CAGR of over 18% during 2013-18. The market is controlled by major companies such as China Everbright International, China Renewable Energy Investment Limited (CRE) and China Energy Conservation and Environment Protection Group (CECEC). The WTE plant capacity of converting municipal solid waste into energy is increasing at a fast pace, which can be observed by analysing the capacity growth that has developed by almost ten times during the previous decade. The major turnarounds were observed in the years 2005 and 2009. The dominance of thermal WTE plants in China is expected to be continued, but the growth in market share of biological WTE plants will also be significant.
- China Energy Conservation and Environment Protection Group (CECEC)
- China Everbright International Limited
- China Renewable Energy Investment Limited (CRE)
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