Dublin, Sept. 14, 2020 (GLOBE NEWSWIRE) -- The "Waste To Energy Market Size, Share & Trends Analysis Report by Technology (Thermal (Incineration, Gasification, Pyrolysis), Biological), by Region (North America, Europe, APAC, Central & South America, MEA), and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.
The global waste to energy market size is expected to reach USD 54.8 billion by 2027, ascending at a CAGR of 7.4% over the forecast period.
Growing power demand from end-use industries along with favorable regulatory policies regarding waste disposal and utilization for clean energy are likely to strengthen the market over the forecast period.
Governments are emphasizing on the development of alternate energy production sources such as Waste to Energy (WTE) plants owing to surging power demand along with the rapid depletion of conventional energy sources. In addition, increasing landfilling prices and limited space are among the primary factors responsible for driving the market over the forecast period.
Asia Pacific economies such as China have become high potential markets for waste-to-energy technologies owing to the generation of industrial waste at a huge level. Moreover, Japan is expected to follow a more aggressive approach than China regarding the implementation of WTE technology across the country. It aims to provide combination packages including additional services such as waste reduction, waste sorting, and recycling. These trends are anticipated to positively influence the market over the forecast period.
Industry players are emphasizing on technological advancements and innovations in order to reduce the technology cost associated with waste-to-energy plants, boosting the commercialization of WTE technology. In addition, market participants practice vertical integration in order to strengthen the services. Companies do a tie-up with municipal solid waste providers for the distribution of waste sources.
Waste To Energy Market Report Highlights
- The thermal technology segment occupied the largest market share in 2019 owing to the relatively simple process along with ease of operations during thermal conversion
- Incineration thermal technology is a major revenue contributor to the market. It offers several advantages such as waste volume reduction, limiting greenhouse gas emissions, and preserving energy
- The biological technology segment is projected to attain the highest CAGR over the forecast period owing to the consistent advancement of anaerobic decomposition technology
- Europe dominates the market owing to the presence of large market players across the region
- In Asia Pacific, the market is anticipated to escalate at the fastest CAGR owing to the potential growth opportunities in countries such as China and Japan.
Key Topics Covered:
1 Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Waste to Energy Market Variables, Trends & Scope
3.1. Market Segmentation & Scope
3.2. Market Lineage Outlook
3.3. Penetration and Growth Prospect Mapping
3.4. Industry Value Chain Analysis
3.5. Technology Overview
3.6. Regulatory Framework
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.1.1. Favorable government policies regarding clean energy generation
3.7.2. Market Restraint Analysis
3.7.2.1. Lack of WTE technology commercialization
3.7.3. Industry Challenges
3.8. Business Environment Analysis: Waste to Energy Market
3.8.1. Industry Analysis - Porter's
3.8.2. PESTEL Analysis
3.9. Impact of COVID-19 on Waste to Energy Market
Chapter 4. Waste to Energy Market Technology Outlook
4.1. Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Revenue, USD Million)
4.2. Thermal
4.2.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Million)
4.2.2. Incineration
4.2.3. Gasification
4.2.4. Pyrolysis
4.3. Biological
Chapter 5. Waste to Energy Market Regional Outlook
5.1. Estimates and forecasts, by Technology, 2016 - 2027 (Revenue, USD Million)
5.2. Estimates and forecasts, by Thermal Technology, 2016 - 2027 (Revenue, USD Million)
Chapter 6. Competitive Analysis
6.1. Key Global Players & Recent Developments & Their Impact On The Industry
6.2. Vendor Landscape
6.3. Company Market Position Analysis
Chapter 7. Company Profiles
7.1. Company Overview
7.2. Financial performance
7.3. Product benchmarking
7.4. Strategic Initiatives
- Hitachi Zosen Inova AG
- Suez
- Covanta Holding Corporation
- Veolia
- China Everbright International Limited
- Abu Dhabi National Energy Company PJSC
- Ramboll Group A/S
- Babcock & Wilcox Enterprises, Inc.
- WHEELABRATOR TECHNOLOGIES INC
- Xcel Energy Inc.
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