After the collection of waste, the traditional way of sorting the waste is by manual ways. But this is not considered to be efficient. Thus, the development of automated robot-based sorting systems was conceptualized in 2016. Furthermore, these systems have been improved using Artificial Intelligence(AI). But the development and adoption of these robotic waste sorting systems have been slow, as the municipalities highly depend on either dumping or landfills to get rid of their waste. This is evident from how late these robotic systems were introduced. The United States started testing the Robotic sorting systems in 2016. The adoption of robotic sorting systems is expected to explode in the coming years, due to the anti- dumping regulation imposed by China and the new landfill regulation imposed by each country.

The rising global demand for batteries is largely due to the rapid increase in portable consumer electronics including phones, laptops, camera, etc. Each year consumers dispose of billions of batteries, all containing toxic or corrosive materials. Some batteries contain toxic metals, such as cadmium and mercury, lead and lithium, which become hazardous waste and pose threats to health and the environment if improperly disposed.  Furthermore, production, transportation, and distribution of batteries consumes natural resources, thereby contributing to an accelerating depletion of natural resources. Although advent of rechargeable batteries has minimized this problem to greater extent, there still remains a large market share for primary batteries that poses huge threat for these resources. Environmentalists and organizations across the world has been showing a rising concern over the proper management of these battery wastes. European and North American countries are at the forefront for such initiatives, as these regions are among the early adopters of the Electric Vehicles and large-scale battery-based Energy Storage Systems (ESS).

Renewable energy technologies use natural sources such as wind, solar, water, and others, to transform these sources into usable forms of energy such as electricity, and mechanical energy. The renewable energy market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2017–2025. The global renewable energy market is segmented into type, end use, and region. The type segment is further categorized into hydroelectric power, wind power, bioenergy, solar energy, and geothermal energy. The end use segment is further bifurcated into residential, commercial, industrial, and others. On the basis of region, the renewable energy market is analyzed across North-America, Europe, Asia-Pacific, and LAMEA.

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。

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