Global Waste to Energy Market, By Energy Technology (Thermal, Biological), Form (Steam, Electricity, Hot Water), Application (Treatment of Waste, Reduction of Waste Volume, Generation of Energy), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Waste to Energy Market
The waste to energy market is expected to witness market growth at a rate of approximately 6.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on waste to energy market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The favorable regulatory policies supporting waste disposable across various regions is escalating the growth of waste to energy market.
Waste to energy (WtE) vice versa energy from waste (EfW) is known to be a process of energy recovery and used as a method for generating energy in the form of heat or electricity by the primary treatment of waste. Most of these techniques assist in producing heat or electricity directly through thermal combustion or generating a combustible fuel commodity such as methane, synthetic fuels, methanol and ethanol among others.
The rise in favorable government regulatory framework supporting the proper waste disposal along with the energy production from the waste to cater the large energy demand across the globe act as the major factor driving the waste to energy market. The initiatives taken by the government for the commercializing alternate sources of energy including waste to energy (WTE) technology, rapid depletion of conventional energy sources and the implementation of environmental policies related to the reduction of carbon emissions from fossil-fuel usage accelerate the waste to energy market growth. The increase in industrial and domestic waste prompting the regional government to promote energy generation from waste, key players strengthening the deployment of WTE plants across various regions and the ability of this technique to reduce significant amount of harmful emissions because of various factors such as avoidance of methane from landfills, offset of carbon dioxide from fossil fuel power generation and the recovery of metals for recycling influence the waste to energy market. Additionally, limited space, rising landfilling prices, focus on renewable source of energy and high demand from end user industries positively affect the waste to energy market. Furthermore, technological advancements in energy recovery to enhance the output efficiency of waste to energy plants extend profitable opportunities to the waste to energy market players in the forecast period of 2021 to 2028.
On the other hand, high initial set-up cost for waste to energy plants and disapproval from resident societies and environment groups are factors expected to obstruct the waste to energy market growth. The increasing concerns related to the environmental hazards associated with the incineration process and lack of infrastructure and skilled workforce are projected to challenge the waste to energy market in the forecast period of 2021 to 2028.
This waste to energy market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on waste to energy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Waste to Energy Market Scope and Market Size
The waste to energy market is segmented on the basis of energy technology, form and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of energy technology, the waste to energy market is segmented into thermal and biological. Thermal energy technology is further segmented into incineration, pyrolysis and gasification.
- On the basis of form, the waste to energy market is segmented into steam, electricity and hot water.
- On the basis of application, the waste to energy market is segmented into treatment of waste, reduction of waste volume and generation of energy.
Global Waste to Energy Market Country Level Analysis
The waste to energy market is analyzed and market size, volume information is provided by country, energy technology, form and application as referenced above.
The countries covered in the globally waste to energy market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the waste to energy market due to the presence of prominent market players and favorable regulatory policies including landfill taxes, carbon tax and direct subsidies to waste to energy plants. Asia-Pacific is expected to witness the highest CAGR in the forecast period of 2021 to 2028 because of the rise in government funding for municipal solid waste management and growth in awareness regarding waste to energy plants.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Waste to Energy Market Share Analysis
The waste to energy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to waste to energy market.
The major players covered in the waste to energy market report are Hitachi Zosen Inova AG, SUEZ worldwide, Covanta Holding Corporation, Veolia, China Everbright Environment Group Limited, Abu Dhabi National Energy Company PJSC (TAQA), Ramboll Group A/S, Babcock & Wilcox Enterprises, Inc., Wheelabrator Technologies Inc., Xcel Energy Inc., WM Intellectual Property Holdings, L.L.C, CNIM, MITSUBISHI HEAVY INDUSTRIES, LTD, A2A S.p.A., Jinjiang Environment, JANSEN Combustion and Boiler Technologies, Inc., Keppel Seghers, OMNI Conversion Technologies Inc., Velocys among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.