Waste to Energy Market Current Analysis and Forecast (2021-2027)

Waste to Energy Market Current Analysis and Forecast (2021-2027)

The Global Waste to energy market is expected to grow at a CAGR of more than 6% during the forecast period (2021-2027). The waste to energy market is growing at a propelling rate and is expected to have a substantial market demand in the forecasted period as well. The tremendous rise in municipal solid waste (MSW) in the fast-growing cities of developing and emerging countries have led to increasing public concerns with regards to the resultant health and environmental impacts which is escalating the need for recycling waste for energy. Moreover, growing demand for constant and reliable power supply in line with efficient resource utilization, rising penetration of captive power projects coupled with increasing techno financial assistance by regulatory arms will drive the growth of the global market.

Furthermore, governments are focusing on commercializing alternate sources of energy such as Waste to Energy (WTE) technology owing to the rapid depletion of conventional energy sources. In addition, the implementation of environmental policies regarding the reduction of carbon emissions from fossil-fuel usage is expected to further provide a boost to industry growth.

The coronavirus pandemic was declared a public health emergency worldwide by World Health Organization (WHO) in 2020. Governments across nations implemented lockdown and ban on traveling, the shutdown of manufacturing industries, commercial activities this had severely disrupted the supply chain has just not impacted the global industry. However, However, the market is expected to recover by 2021, owing to the increasing efforts to promote waste-to-energy plants by various countries across the world. Abu Dhabi National Energy Company Pjsc (Taqa), John Wood Group Plc, Babcock & Wilcox Enterprises, Inc., C&G Ltd., China Everbright International Limited, Covanta Holding Corporation, Suez, Veolia, Waste Management, Inc., CNIM. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
"Amongst technology, thermal technology segment holds the major share”

Based on technology, the waste-to-energy market is segmented into biological technology (biogas plants, landfills gas, and fermentation), thermal technology (pyrolysis, incineration, gasification), and physical technology. The thermal technology caters to extensive market share in the waste to the energy market. It is mainly owing to the increasing development of waste incineration facilities across the world. In addition, other factors, such as industrialization and economic development, would also contribute toward MSW generation, which is further expected to influence the growth of the thermal-based waste-to-energy market.
"Asia Pacific represents one of the extensive market shares of global waste to energy Market”

For a better understanding of the market dynamics of the global waste to energy Asia Pacific caters substantial share in the waste to energy market over the past few years and is expected to have an influential growth rate in the forecasted period as well. It is mainly owing to the increasing efforts taken by the government in adopting better MSW management practices, providing incentives for waste-to-energy projects in the form of capital subsidies and feed-in tariffs, and providing financial support for R&D projects on a cost-sharing basis.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.