Global Waste to Energy Market Report 2022: A $56 Billion Market by 2027 – Industry Trends, Share, Size, Growth, Opportunity and Forecasts – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Waste to Energy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global waste to energy market reached a value of US$ 38.87 Billion in 2021. Looking forward, the market is set to reach a value of US$ 56.49 Billion by 2027, exhibiting a CAGR of 6.43% during 2021-2027
Waste to energy (WSE) refers to the process of converting non-recyclable waste materials into usable heat, fuel, or electricity through processes, such as combustion, gasification, devolatilization, anaerobic digestion, and landfill gas recovery. It relies on different systems or technologies for producing electricity by burning unprocessed municipal solid waste in an incinerator with a boiler and a generator.
At present, it is considered a critical component of the waste management system as WSE helps mitigate climate change, reduce greenhouse gases (GHG), and minimize environmental impact and health damages.
Waste to Energy Market Trends:
At present, landfill waste represents a global environmental concern as it causes fires or explosions, contaminates soil and water, and leads to climate change, toxins, leachate, and GHG emissions.
This, in confluence with the increasing industrial waste generation every year, represents one of the key factors driving the need for WSE technologies as a sustainable alternative to landfills for waste disposal. These technologies also assist in avoiding methane from landfills, recovering metals for recycling, and offsetting emissions from fossil fuel electrical production.
Apart from this, rapid industrialization, rising population, growing urbanization, and the economic expansion of developing countries are resulting in accelerating rates of municipal solid waste (MSW) production.
As a result, governing agencies of numerous countries are undertaking several steps and incorporating WSE technologies to manage the accumulation of MSW and generate energy from its combustion for residential and commercial uses.
Furthermore, the launch of new technologies like hydrothermal carbonization (HTC), which fast-tracks the slow process of geothermal conversion of wet waste with an acid catalyst at high pressure, is anticipated to create a favorable market outlook.
Key Questions Answered in This Report:
- How has the global waste to energy market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global waste to energy market?
- What are the key regional markets?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the waste type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global waste to energy market and who are the key players?
- What is the degree of competition in the industry?
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
- A2A SpA
- Babcock & Wilcox Enterprises Inc.
- China Everbright International Limited
- CNIM
- Covanta Holding Corporation
- Hitachi Zosen Inova AG
- John Wood Group plc
- Mitsubishi Heavy Industries Ltd
- Ramboll Group A/S
- Veolia Environnement S.A.
- WIN Waste Innovations.
Key Market Segmentation:
Breakup by Technology:
- Thermal
- Incineration
- Pyrolysis
- Gasification
- Biochemical
- Others
Breakup by Waste Type:
- Municipal Waste
- Process Waste
- Agriculture Waste
- Medical Waste
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/hq6z0n
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