Rising Significance Of Environmental And Waste Management Fuels Market Growth, According To New Report By Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global outlook on the Environmental and Waste Management Industry. Waste management assumes significance in view of the effect it has on environment and global warming. Increasing generation of wastes in urban markets, growing need for conserving natural resources, advent of new technologies, rising government funding for waste disposal are expected to fuel growth in the global environmental and waste management market.
San Jose, California (PRWEB) - Follow us on LinkedIn – Waste reduction and recycling are important components of the waste management framework of any country. Waste management helps in conserving natural resources and in reducing the amount of valuable space that is utilized by landfills. Increasing urbanization and technological know-how in emerging nations, rising government expenditures for waste disposal, increasing interest as well as investments in waste-to energy technology and private equity investments are the major growth drivers in the environmental and waste management market. The global waste management industry remained immune during the economic recession. Consequently, waste management companies continued to carry out operations with minimal negative impact on their business model, as compared to companies in other sectors. Factors affecting the growth of waste management industry include economic conditions, and increasing generation of waste in cities.
Developed countries are expected to record the highest growth largely due to the availability of advanced waste management technologies, instruments, and information systems. The market for environmental goods and services is growing in Asia, Eastern Europe and Latin America. In Asia, most of the investment is into development of water and wastewater treatment systems, air pollution control systems, and waste management infrastructure. Demand for air pollution control technologies is the largest in China. In Eastern Europe, there is a strong demand for environmental products and services such as process control, end-of-pipe technology, site remediation and restoration services and technologies. In these countries, environmental infrastructure is used for proving energy efficiency. In Mexico, Chile, Argentina and Brazil, demand is primarily for air pollution control and water/wastewater management systems.
Major concerns faced by the industry include scarcity of land for dumping, lack of awareness regarding dumping of medical and e-wastes, and lack of proper systems for collection and segregation of wastes at source. Poor management of urban solid waste is a major concern in developing countries, primarily due to the lower emphasis placed on solid waste management. Urban solid waste management is a priority only in large urban areas and capital cities. Further, financial constraints and lack of institutional support at the local government level contribute to poor management of urban solid waste. The waste to energy (WTE) technology that can convert municipal solid waste (MSW) into energy is gaining importance for waste management. Globally, about 20% of the solid waste produced each year is processed in WTE plants, which can extract the energy content present in waste and store it in the form of heat or electricity.
The research report titled "Environmental and Waste Management: A Global Outlook" announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the industry, identifies major short to medium term market challenges, and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include United States, Canada, United Kingdom, Hong Kong, India, Australia, and Saudi Arabia, among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
For more details about this comprehensive industry report, please visit – http://www.strategyr.com/Environmental_and_Waste_Management_Industry_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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