Waste to Energy Market Size Worth $54.16 Billion By 2027 | CAGR: 5.7% : Covanta, Waste Management Inc., Veolia, Mitsubishi Heavy Industries Ltd, Xcel Energy Inc, Etc
Research Reports
Jan 07, 2021
The waste to energy market is set to attain a valuation of USD 54.16 billion by 2027, registering a CAGR of 5.7%. The market is segmented by technology as Biological Technology, Thermal Technology and Physical Technology.
Favorable regulatory policies of the government, the increasing amount of waste generated, and rising demand for electricity in the developing economies are driving the demand of the market.
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Major Companies and Market Share Analysis- Suez, Hitachi Zosen Inova AG, China Everbright International Limited, Covanta, Waste Management Inc., Veolia, Mitsubishi Heavy Industries Ltd, Xcel Energy Inc., Ramboll Group A/S, and Babcock & Wilcox Enterprises, Inc., among others.
Market Drivers
The major driving force for the development of the waste to energy market is the increasing population growth with the rising amount of waste generated every year globally. The rising demand for electricity with the rapid urbanization in economies is a key factor contributing to the growing waste to energy system market demand. Increasing the use of renewable sources among the transportation and industrial sectors is anticipated to drive the market. Utilization of the MSW, Municipal solid waste as fuel to generate energy renewable sources through biological and thermal techniques is anticipated to drive the waste to energy technology market share.
Regional Analysis
According to the report, the European region is anticipated to dominate the waste to energy market. This is due to favourable regulatory guidelines regarding the proper waste disposal, such as direct subsidies or carbon tax or landfill taxes, are most likely to boost the region’s growth. Increasing technological advancement in the region is also one of the key factors. Asia Pacific region is anticipated to witness high gains in the market over the forecast period. The government is implementing strict policies and regulations regarding emission control to reduce carbon gases or greenhouse gas emissions to protect the environment. Increasing government funding for the technologically advanced waste to energy facilities is projected to drive the industry’s growth in the emerging economies of the region.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Waste to Energy Market Segmentation & Impact Analysis
4.1. Waste to Energy Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand of electricity
4.2.2.2. Rising adoption of renewable sources of energy
4.2.2.3. Favorable regulatory policies
4.2.2.4. Increasing initiatives of the government to reduce carbon emissions
4.2.2.5. Increasing technological advancements of the renewable energy sources
4.2.3. Market restraints analysis
4.2.3.1. Lack of commercialization of Waste to Energy technology
4.2.3.2. Increasing focus on recycling of the waste materials
4.2.3.3. Expensive installation cost of the Incineration
4.2.3.4. Increasing amount of toxic emissions generated by burning waste
4.2.3.5. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continue…!
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