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Waste to Energy Market- Competitive Analysis, Opportunity & Forecast, 2027
Global Waste to Energy Market, By Technology [Thermal (Incineration, Pyrolysis, Gasification), Biological, Physical], By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Forecast & Opportunities, 2014-2027
Market Overview
Global Waste to Energy Market is expected to grow around US$ 28 billion by 2027 at CAGR of 7% during 2020-27 due to rapid industrialization, demand for energy and increasing need for renewable energy.
Waste to energy (WtE) refers to process of generating energy from waste materials as a fuel. The energy generated from this process is similar to the energy produced using natural gas, coal,oil, or other methods. The process is expected to lower the municipal solid wastes (MSW) landfill by 90%, which can ultimately reduce carbon dioxide (CO2) emissions the waste generated.
Growth in power consumption and increasing focus on renewable energy sources is expected to drive the global waste to energy market in the forecasted period of 2020-27. The rapid increase in industrialization activities in the emerging markets of Asia-Pacific and Europe are significantly contributing to the growth of the market. Moreover, growing investments by various governments and increase in consumer expenditure capabilities are expected to drive the global waste to energy market.
Market Segmentation
Global Waste to Energy Marketcan be segmented intoTechnology and Region.
By Technology, Global Waste to Energy Marketcan be segmented intoThermal (Incineration, Pyrolysis, Gasification), Biological and Physical. The thermal segment dominates the global market and it is expected to remain in dominance during the forecasted period of 2020-27 due to increasing demand for energy.
By Region, Global Waste to Energy Marketcan be segmented intoNorth America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regional Analysis
Europe Waste to Energy Market leads the global market due to municipal solid waste (MSW) generation and growing investments in the development of renewable energy generation.
Asia Pacific Waste to Energy Market is expected to grow significantly during the forecasted period of 2020-27 due to rapid industrialization and urbanization. The demand for energy is growing enormously due to development activities in countries in China and India.
Competitor Analysis
The key players in Global Waste to Energy MarketareSuez Environment S.A., Constructions industrielles de la Méditerranée (CNIM), Ener-G Plc,Waste Management Inc.,EcoCorp., China EverbrightInternational Limited, C&G Environmental Protection Holdings,Covanta Energy Corporation, Abu Dhabi National Energy Company PJSC, Babcock & Wilcox Enterprises, Inc.,Highmark Renewable, Foster Wheeler A.G., and Veolia Environment.
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