Top Players in Solid Recovered Fuel Market are Veolia, Machinex, Enva, PAPREC, BMH Technology Oy, SUEZ UK, Herambiente, Ferrovial, JFE Engineering Corp, Beauparc Group, Axion Group, Environnement 48, MTB, and Andusia Holdings Limited
The global solid recovered fuel market is likely to gain impetus from the rising shift towards generating electricity through clean fuels. It would aid in controlling the emission of carbon in the atmosphere. This information is published in an upcoming report by Fortune Business Insights™, titled, “Solid Recovered Fuel” Market Size, Share and Industry Analysis, By Waste Type (Recyclable Material, Biodegradable Waste, Composite Wastes, Inert Waste), By Application (Cement Kiln, CHP, Others) and Regional Forecast, 2019-2026,” The report further states that the government and private agencies of various countries are persistently implementing favorable policies for promoting the adoption of green energy for various power and heat production applications. It would propel the solid recovered fuel market growth during the forecast period.
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Fortune Business Insights™ profiles some of the renowned companies present in the solid recovered fuel market. They are as follows:
Key Market Driver Growing electricity demand from clean fuels
Key Market Restraint High cost of processing infrastructure
Highlights of the Report
Biodegradable Waste Segment to Dominate Owing to Better Availability
In terms of waste type, the market is segregated into inert waste, composite waste, biodegradable waste, and recyclable waste. Out of these, the biodegradable waste segment is likely to dominate the market owing to its better availability. It includes food, kitchen, paper, and other green wastes. The recyclable waste segment, on the other hand, includes everyday trashes, such as cans, fabrics, glass, bottles, plastics, clothes, and more. They are easily collected for coherent operations.
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Presence of Bulk-sized Plants with Novel Solutions to Favor Growth in North America
Geographically, the market is fragmented into Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America. Amongst these, North America is expected to experience significant growth owing to the presence of numerous huge plants that are equipped with innovative solutions for smooth operation. Europe is set to hold a considerable solid recovered fuel market share during the forthcoming years because of the green energy directives that have been put forward by the European Union. Additionally, a substantial amount of solid recovered fuel producers in this region will also augment growth. Asia Pacific, on the other hand, is set to showcase good growth owing to the development of large industrial infrastructure as well as the rising demand for electricity. It would increase the solid recovered fuel market size in this region.
Key Players Focus on Acquisitions and Gaining New Orders to Strengthen Position
Prominent companies present in the market are constantly striving to gain the maximum solid recovered fuel market share. They are doing so by bagging new orders from other reputed companies and through mergers and acquisitions. Below are two of the latest key industry developments:
Segmentation
1. By Waste Type
2. By Application
3. By Geography
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Key Industry Developments
Major Table of Content For Solid Recovered Fuel Market:
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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