Global Waste to Energy (WTE) Market: Overview
Waste to Energy (WTE) Market is anticipated to worth USD 35,395 million by 2025,
with a CAGR of 5.46% during 2019-2025. Waste to energy technologies involves the generation of energy from waste materials as fuel. The waste consists of both biomass and non-biomass materials like paper & paperboard, food waste, plastic, glass, and metal. Increasing solid waste in the developing and emerging countries has resulted in rising public concern pertaining to the subsequent health and environmental impacts. Additionally increasing demand for green energy sources is projected to propel the global waste to energy market over the forecast period.
Growing awareness towards environmental pollution and increasing demand for energy worldwide owing to rapid depletion of conservative energy sources, the global waste to energy market is witnessing a boom in global energy advancements for waste management. Governments across the world have been impelled to impose stringent regulations regarding waste control due to the rising volume of industrial and domestic waste. Waste to energy generates clean, reliable energy from a renewable fuel source, therefore reducing dependence on fossil fuels. A shift in focus towards substitutes like coal with renewable resources to reduce carbon content is also projected to play a vital role in shaping the industry.
Global Waste to Energy (WTE) Market: Technology Insights
Based on Technology, the waste to energy market is bifurcated into Thermal (Incineration, Gasification, Pyrolysis), and Biological technology. Incineration technology segment leads the market due to the low-cost operation. Moreover, factors like rising urbanized population and increasing waste generation globally are driving the waste to energy market. In this process, wastes are directly burned in presence of excess air (oxygen) at high temperatures, liberating heat energy, inert gases, and ash. The steam generated, in turn, can be used in steam turbines to generate power. Thermal Technology is flexible in terms of the feed used in the plant and helps reduce the weight and volume of the ash generated from the waste. However, the biological method of energy management is projected to show robust growth over the forecast period owing to the high penetration of various techniques like anaerobic digestion and gas capture through landfilling. Furthermore, the biological waste to energy technique generates comparatively low harmful emissions which are further projected to drive the market growth over the forecast period.
Global Waste to Energy (WTE) Market: Regional Insights
Geographically, the waste to energy market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe is the leading region in the global waste to energy market. Owing to the high generation of industrial waste coupled with stringent EU-wide waste legislation has led to accelerated market growth in the region. The Asia Pacific is projected to be the fastest growing market led by Japan and China. In India, the NTPC Ltd. invited tenders from national and international firms in 2017 to line up hundred new waste to energy facilities across the country. This can be attributed to stringent regulatory policies concerning to waste generation and disposal. Due to the increase in energy demand, the rise in industrialization, and the growing trend towards adoption of renewable energy sources product are expected to drive the market during the forecast period.
Objective of the Study:
To analyze and forecast
market size of the global waste to energy market, in terms of value.
To examine the careful
market segmentation and forecast the market size, in terms value, on the basis
of region by segmenting waste to energy market into five regions, namely, North
America, Europe, Asia Pacific, Middle East and their leading countries.
To outline, categorized and
forecast the global waste to energy market on the basis of technology.
To examine competitive
developments like expansions, technological advancement, services, and
regulative framework within the global waste to energy market.
To highlight the impact
analysis of the factors, affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
To strategically profile the
key players and comprehensively analyze their market shares along with
detailing the competitive landscape for market leaders.
Global Waste to Energy (WTE) Market: Competitive Landscape
Companies such as Mitsubishi Heavy Industries Ltd, Waste Management Inc., A2A SpA, Veolia, Hitachi Zosen Inova AG, MVV Energie AG, Keppel Seghers, Babcock & Wilcox Vølund A/S, Ramboll Group A/S, ARX Arcillex SA, Xcel Energy Inc., Wheelabrator Technologies Inc., Covanta Holding Corporation, C&G Environmental Protection Holdings Ltd., China Everbright International Ltd., Green Conversion Systems LLC, Foster Wheeler AG, Jansen Combustion & Boiler Technologies, Plasco Energy Group Inc., and Veolia Environment SA are the leading players of Waste to Energy market across the globe.
Key Target Audience:
Market research and consulting firms
Research organizations and consulting companies
Organizations, associations and alliances
related to waste to energy market
Scope of the Report
In addition, the report provides analysis of the Waste to Energy (WTE) market with respect to the following geographic segments and their high performing regions:
Asia Pacific (APAC)
Business Questions answer by the report
How will the market drivers, restraints and
opportunities affect the market dynamics?
What will be the market size in terms of value
and volume and market statistics with detailed classification
Which segment dominates the market or region and
one will be the fastest growing and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key player
and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
With five additional company detail analysis.
Additional country analysis.
Detailed segment analysis.