An electric vehicle battery, also known as traction battery is used to power the propulsion of electric vehicles. Electric vehicle battery is a secondary (rechargeable) battery. It uses chemical energy stored in rechargeable battery packs for power; and therefore does not require any combustion engine for propulsion. Recycling of the battery can recover metals such as aluminum, nickel, lithium, and other types of precious metals, which can be hazardous for the environment but can be recycled. It is assumed that EV battery offers a useful life in a vehicle until and unless they degrade to 80% of their original capacity.

The report analyzes the global waste management market based on waste type, service, and region. The types of waste covered in this report are municipal waste and industrial waste. The services taken into consideration in the report are collection and disposable services. The collection service segment is further divided into collection & transportation, storage & handling, and sorting. The disposable services segment is sub-classified into landfills, recycling, compositing & anaerobic digestion, and others. The report includes the revenue generated from treatment of nonhazardous solid waste of residential and nonresidential users. However, the revenue generated from e-waste management, hazardous waste management, and smart waste management were not considered in the report.

The report analyzes the global waste management market based on waste type, service, and region. The types of waste covered in this report are municipal waste and industrial waste. The services taken into consideration in the report are collection and disposable services. The collection service segment is further divided into collection & transportation, storage & handling, and sorting. The disposable services segment is subclassified into landfills, recycling, compositing & anaerobic digestion, and others. The report includes the revenue generated from treatment of nonhazardous solid waste of residential and nonresidential users. However, the revenue generated from e-waste management, hazardous waste management, and smart waste management were not considered in the report.

我们认为1）项目储备弹性、2）融资空间、3）项目预期盈利能力，这三大要素是驱动固废行业股价上涨的核心驱动力。当前固废龙头公司储备项目产能充足，是已投运产能的0.63-1.9 倍，考虑其盈利能力稳定、具备充足杠杆空间推动项目落地，成长确定性高。我们预计固废龙头公司业绩增速有望维持25%以上，当前平均估值水平对应2019 年17 倍P/E 左右，性价比突出。推荐高能环境、光大国际、瀚蓝环境，建议关注旺能环境、伟明环保。

回收商业模式仍需不断完善。国内产业链整体回收体系仍需构建，工信部发布的第一批符合动力电池综合利用行业规范的企业仅有5家。目前动力电池回收市场较为规范的参与者包括动力电池（或材料）生产商、专业第三方回收企业、行业联盟等。目前国内主要参与电池回收的正规厂商多为第三方回收企业，且同车企合作开拓回收渠道，通过与汽车厂商合作，电池能够迅速返回回收工厂，我们预计未来产业链上下游战略联盟与合作将更加深入。

The Europe waste to energy market is associated with the major companies providing technology and waste to energy conversion facilities. This varied range of market participants provide opportunities to other players willing to bear the high risks involved in the industry. This chapter details the latest strategies and technological developments adopted by the key market players in the Europe waste to energy market. In order to lead the market as well as engage in the process of market growth, a company needs to work in collaboration with the top market leaders, acquire the relatively weaker companies, bring new products and services to the market, and improve the existing products. Some of the key strategies adopted by the key market players are listed below

The chapter covers the analysis of the global waste to energy market with respect to different technologies and region. The chapter focuses on the key technologies used globally to the convert waste generated to energy, along with the factors supporting their growth. The segment further analyses the ongoing trends in the industry in the various regions by probing into the regulatory scenarios and the macro & micro economic factors.

The silicon wafer reclaim market is segmented on basis of product as 150 mm, 200 mm, 300mm, and others, which include 450 mm silicon wafer. The 300 mm was the largest product segment, accounting over 70% of global silicon wafers reclaim market revenue in 2015. Increasing demand for silicon wafer for manufacturing solar panels, solar cells, and integrated circuits is expected to drive demand for silicon wafer reclaim over the next eight years.

补贴退坡环境下，市场对锂电设备行业的疑虑：在政策支持与财政补贴下，我国新能源汽车销量由2011 年的8159 辆增加到2017 年的77.7 万辆，六年的CAGR 高达114%。动力电池作为新能源汽车的核心部件，出货量由2012 年的1.2GWh 增加到2017 年的44.5GWh，锂电供应商和锂电设备商纷纷受益。站在当前的时间点，市场对于锂电设备行业的持续性发展有以下几点疑虑：(1)补贴退坡后新能源汽车的行业景气度是否能得到延续？(2)补贴退坡与锂电池价格下降的压力向锂电设备商环节传导，是否会影响锂电设备商的利润及现金流？(3)锂电行业产能过剩，设备商的成长持续性从何而来？