Global Waste to Energy Market (WTE) size is expected to reach US$ 45.25 Bn by 2027, at a CAGR of 8.13% during the forecast period.
Waste to Energy Market Overview:The waste to energy technology involves generating electricity from waste. This energy has been seen as both pure and renewable. The waste to energy production technologies is designed to assist municipal corporations in reducing waste and waste-related emissions. The energy is recovered in the form of steam or electricity. The Waste to Energy refers to incineration, which burns completely combusted trash at ultra-high temperatures to enable energy recovery. Pollution control equipment is used in modern incineration plants to prevent emissions from entering the environment. At the moment, incineration is the only waste Energy technique that is both economically and operationally practicable on a large scale. To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.
Global Waste to Energy Market Dynamics:The development of reusable energy from waste is attracting a lot of attention across the world. The rising trend toward energy security around the globe is the most important factor driving the growth of the global waste-to-energy market over the forecast period. Furthermore, the depletion of conventional energy resources, rising municipal waste generation, rising energy demand, and decreasing landfill space availability all boosting to the growth of the waste to energy market across the globe. The governments from developed and developing countries are focusing on commercializing alternative energy sources such as Waste to Energy technologies as the fast depletion of conventional energy sources is taking place across the globe. Furthermore, the introduction of environmental rules targeted at decreasing carbon emissions from the use of fossil fuels is predicted to enhance industry growth. According to the US Environmental Protection Agency, every tonne of solid waste processed in waste to energy facilities reduces greenhouse gas emissions by one tonne. For instance, Covanta Holding Corporation in the United States recycles 500 kilotons of metal and converts around 21.0 million tonnes of waste into useful energy through its waste to energy facilities. The Waste to energy plants reduces a considerable amount of harmful emissions by several variables, such as the recovery of metals for recycling, the offset of carbon dioxide from fossil fuel power generation, and the avoidance of methane from landfills. In addition, limited landfill space and increasing landfilling costs are likely to boost waste to energy technology's growth as a reliable waste management solution. New challenges have emerged in the market as waste-to-energy technologies have become more widely adopted. The market's growth is expected to be hampered by established commercial technologies like solar power, hydropower, and wind power, as well as technological and economic barriers. The market's major players face obstacles such as lowering the high initial setup costs of waste-to-energy plants, as well as a shortage of infrastructure and skilled labor.
Global Waste to Energy Market Segment Analysis:Based on the Technology, the Waste to Energy Market is segmented into Physical, Thermal, and Biological. The Thermal Technology segment held the largest market share accounting for 81% in 2020. The growth factor for thermal conversion techniques is a comparatively simple procedure combined with ease of operation. Thermal waste treatment is an environmentally friendly solution for modern cities since it allows for the complete burning of waste gases. The thermal technology has various advantages, including reduced greenhouse gas emissions, energy conservation, and waste volume reduction. Incineration reduces waste to 10% of its original volume, making it a viable alternative to conventional energy by generating renewable energy for uses such as district heating. These are factors are fueling the waste to energy market growth for this segment. The Biological Technology segment is expected to witness rapid growth at a CAGR of 6.31% during the forecast period. The segment growth is attributed to the growing advancement of decomposition technology. Governments across developed and developing countries are conducting research and development (R&D) to improve the economic viability of anaerobic digestion plants. The development of biological conversion of gases to fuels and co-products depends on several essential aspects, including advances in reactor design and genetic engineering of organisms. Based on the Waste type, the Waste to Energy Market is segmented into Municipal Waste, Process Waste, Agriculture Waste, Medical Waste, and Others. The Municipal Waste segment held the largest market share, accounting for 52% in 2020. Municipal Waste is made up of a variety of energy-dense items such as paper, plastics, yard waste, and wood-based products. Currently, the world generates 1.3 billion tonnes of Municipal Waste annually. For instance, in the United States, around 85 pounds of Municipal Waste is burned as fuel to generate power. Waste-to-energy plants convert 2,000 pounds of garbage into ash weighing between 300 and 600 pounds, reducing waste volume by roughly 87 percent.
Global Waste to Energy Market Regional Insights:Europe region held the largest market share accounted for 43.8% in 2020, and is expected to grow at a CAGR of 5.9% during the forecast period. The region's growth is attributed to the presence of major market players such as Suez, Veolia, Ramboll Group A/S, and EQT AB. The encouraging regulatory policies such as landfill charges, carbon taxes, and direct subsidies to waste-to-energy plants are likely to boost the regional market waste to energy market growth during the forecast period. North America region is expected to witness significant growth at a CAGR of 6.1% during the forecast period. This region's growth is attributed to the significant growth of the growing consumer awareness about environment protection and climate change. The deployment rate of waste to energy systems in the area is expected to increase as the government places a greater emphasis on integration and increased use of clean electricity generation sources. According to the Energy Information Administration, 68 waste-to-energy plants in the United States consumed 29.5 million tonnes of municipal waste in 2018, generating roughly 14.0 billion kWh of power. The Asia Pacific region is expected to witness the highest growth at a CAGR of 6.71 % during 2020. Increased government investment for municipal waste management, as well as increased awareness about waste to energy facilities in countries like India, Singapore, Indonesia, and Thailand, are expected to fuel regional market expansionThe objective of the report is to present a comprehensive analysis of the Waste to Energy Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Waste to Energy Market dynamic, structure by analyzing the market segments and projecting the Waste to Energy Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Waste to Energy Market make the report investor’s guide.
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Global Waste to Energy Market by Region• North America • Europe • Asia Pacific • South America • The Middle East and Africa
Global Waste to Energy Market Key Players• Suez Environment S.A. • Mitsubishi Heavy Industries Ltd • C&G Environmental Protection Holdings • Construction Industrielles de la Mediterranee (CNIM) • Waste Management Inc. • Babcock & Wilcox Enterprises Inv. • Veolia Environnement SA • Hitachi Zosen Corp • China Everbright International Limited • China Jinjiang Environment Holding Company Limited • Covanta Holding Corporation • Abu Dhabi National Energy Company PJSC • Ramboll Group A/S • Babcock & Wilcox Enterprises, Inc. • Wheelabrator Technologies Inc • Xcel Energy Inc. Frequently Asked Questions: 1] What segments are covered in the Waste to Energy Market report? Ans. The segments covered in the Waste to Energy Market report are based on Technology and Waste type. 2] Which region is expected to hold the highest share in the Waste to Energy Market? Ans. The Europe region is expected to hold the highest share in the Waste to Energy Market. 3] What is the market size of the Waste to Energy Market by 2027? Ans. The market size of the Waste to Energy Market by 2027 is US $ 45.05 Bn. 4] What is the forecast period for the Waste to Energy Market? Ans. The Forecast period for the Waste to Energy Market is 2020-2027. 5] What was the market size of the Waste to Energy Market in 2020? Ans. The market size of the Waste to Energy Market in 2020 was US $ 30.18 Bn.
1. Global Waste to Energy Market Size: Research Methodology 2. Global Waste to Energy Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Waste to Energy Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Waste to Energy Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Waste to Energy Market Size Segmentation 4.1. Global Waste to Energy Market Size, By Technology (2020-2027) • Physical • Thermal • Biological 4.2. Global Waste to Energy Market Size, by Waste type (2020-2027) • Municipal Waste • Process Waste • Agriculture Waste • Medical Waste • Others 5. North America Waste to Energy Market(2020-2027) 5.1. Global Waste to Energy Market Size, By Technology (2020-2027) • Physical • Thermal • Biological 5.2. Global Waste to Energy Market Size, by Waste type (2020-2027) • Municipal Waste • Process Waste • Agriculture Waste • Medical Waste • Others 5.3. North America Waste To Energy Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Waste to Energy Market (2020-2027) 6.1. European Waste to Energy Market, By Technology (2020-2027) 6.2. European Waste to Energy Market, by Waste type (2020-2027) 6.3. European Waste to Energy Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Waste to Energy Market (2020-2027) 7.1. Asia Pacific Waste to Energy Market, By Technology (2020-2027) 7.2. Asia Pacific Waste to Energy Market, by Waste type (2020-2027) 7.3. Asia Pacific Waste to Energy Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Waste to Energy Market (2020-2027) 8.1. The Middle East and Africa Waste to Energy Market, By Technology (2020-2027) 8.2. The Middle East and Africa Waste to Energy Market, by Waste type (2020-2027) 8.3. The Middle East and Africa Waste to Energy Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Waste to Energy Market (2020-2027) 9.1. Latin America Waste to Energy Market, By Technology (2020-2027) 9.2. Latin America Waste to Energy Market, by Waste type (2020-2027) 9.3. Latin America Waste to Energy Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Suez Environment S.A. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Mitsubishi Heavy Industries Ltd 10.3. C&G Environmental Protection Holdings 10.4. Construction Industrielles de la Mediterranee (CNIM) 10.5. Waste Management Inc. 10.6. Babcock & Wilcox Enterprises Inv. 10.7. Veolia Environnement SA 10.8. Hitachi Zosen Corp 10.9. China Everbright International Limited 10.10. China Jinjiang Environment Holding Company Limited 10.11. Covanta Holding Corporation 10.12. Abu Dhabi National Energy Company PJSC 10.13. Ramboll Group A/S 10.14. Babcock & Wilcox Enterprises, Inc. 10.15. Wheelabrator Technologies Inc 10.16. Xcel Energy Inc