- The key vendors in the Industrial Waste Recycling and Services Market in Europe 2015-2019 are Abengoa SA, Befesa Medio Ambiente, S.A., REMONDIS SE & Co. KG, SIMS Metal Management and Suez Environment Company SA.
London, 24 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Industrial Waste Recycling and Services Market in Europe 2015-2019. High adoption of waste-to-energy technique is one of the key trends emerging in this market. An effective method of combatting GHG emissions is the adoption of the WTE technique, which involves the conversion of waste materials into energy in the form of heat or electricity. This technique helps eradicate huge amounts of waste and preserves limited fossil fuel reserves for the future. The overall market is expected to grow at a CAGR of 8.2 percent during the forecast period of 2014-2019.
Presently, various regulations are enforced by concerned authorities regarding the recycling of the huge amounts of waste generated by industries. Advances in technology help enhance smart collection and sorting, and recycling and incineration with energy recovery.
“Many policies and regulations relating to waste management have been framed by EU countries to control increased waste generation by industries, for the reuse and recycle of industrial waste, and to carry out systematic waste treatment,” says Faisal Ghaus, Vice President of TechNavio Research.
“The EU countries have formulated policies that enable the import, generation, transportation, storage, treatment, and disposal of waste in an effective manner that will cause minimal environmental harm.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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