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The latest research study “Waste to Energy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the Global Waste to Energy Market size reached US$ 38.87 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 56.49 Billion by 2027 exhibiting a CAGR of 6.12% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Waste-to-energy (WSE) is the process of converting non-recyclable waste materials into usable heat, electricity, or fuel through procedures such as combustion, gasification, devolatilization, pyrolysis, anaerobic digestion, and landfill gas recovery. It relies on various systems and technologies to produce electricity by burning unprocessed municipal solid waste in an incinerator with a generator and a boiler. Nowadays, WSE is widely adopted in waste management processes as it helps mitigate greenhouse gases (GHG) and facilitate climate change while minimizing environmental impact and health damage.
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Waste to Energy Market Trends and Drivers:
The market is primarily driven by the rising industrial waste generation, which contaminates soil and water, and causes explosions, climate change, leachate, toxins, and greenhouse gas (GHG) emissions. In addition, various technological advancements that assist in eliminating methane from landfills, recovering metals for recycling, and offsetting emissions from fossil fuel electrical production are accelerating market growth.
Besides this, governing authorities of numerous countries are incorporating WSE technologies to address the accumulation of MSW and generate energy from its combustion for commercial and residential uses. This, coupled with rapid urbanization, and the economic expansion of developing countries, is providing a positive thrust to market growth.
Furthermore, the emergence of hydrothermal carbonization (HTC), which accelerates the slow function of the geothermal transformation of wet waste, is anticipated to propel the market growth in the coming years.
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Waste to Energy Market Report Scope
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
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. and WIN Waste Innovations.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
The report has been segmented the market into following categories:
List of Major Key Players:
The major players in the market are 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. and WIN Waste Innovations.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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