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Waste to Energy Market

Global Waste to Energy Market is expected to foresee significant growth. The Asia Pacific to lead the growth!

The Global Waste to energy market is expected to grow at a CAGR of more than 6% during the forecast period 2021-2027). The tremendous rise in municipal solid waste (MSW) in the fast-growing cities of developing and emerging countries have led to increasing public concerns about 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.

For a detailed analysis of the Global waste to energy Market browse through https://univdatos.com/report/waste-to-energy-market/

Waste to energy refers to a family of technologies that treat waste to recover energy in the form of heat, electricity, or alternative fuels such as biogas. The scope of the term ‘Waste-to-Energy’ is very wide, encompassing a range of technologies of different scales and complexity. These can include the production of cooking gas in household digesters from organic waste, collection of methane gas from landfills, thermal treatment of waste in utility size incineration plants, co-processing of Refuse Derived Fuel (RDF) in cement plants, or gasification. Factors such as increased consumption of goods in growing urban populations, changes in lifestyle, and increasing wealth of the rising middle class are soaring the amount of municipal solid waste globally is driving the market size of waste to energy. Moreover, growing concerns regarding shrinking natural resources, the contribution of improper waste management to global warming, and shortage of power generation have triggered discussions regarding waste as a resource in general and the Waste to Energy industry outlook.

For a detailed analysis of the Covid-19 Impact on the industry browse through https://univdatos.com/get-a-free-sample-form-php/?product_id=20155

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.

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.

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For a better understanding of the market adoption, the report provides a detailed analysis of major regions and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, Spain, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), ROW. The Asia Pacific caters a 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.

Some of the major players operating in the market are 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&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.

Global Waste to energy Market Segmentation

Market Insight, by Technology

• Biological Technology
• Biogas Plants
• Landfill Gas
• Fermentation
• Thermal Technology
• Pyrolysis
• Incineration
• Gasification
• Physical Technology

Market Insight, by Region

  • North America Waste to Energy Market
    • United States
    • Canada
    • Rest of North America
  • Europe Waste to Energy Market
    • Germany
    • United Kingdom
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia-Pacific Waste to Energy Market
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of the World

Top Company Profiles

• 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.

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