Waste to Energy Market Industry Analysis and Opportunity and Forecast To 2029
Description
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.
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.
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Market Analysis and Insights: Global 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.
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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.
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Major TOC of the Waste to Energy Market Report
Chapter One:
MARKET SEGEMENTATION
EXECUTIVE SUMMARY
PREMIUM INSIGHTS
MARKET OVERVIEW
Waste to Energy Market Scope 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.
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 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.
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