Waste to Energy Market Growth during 2021-2030 | Rise in Demand, Opportunities
Posted by Vedika on April 5th, 2021
The Global Waste to Energy Market size is estimated to be USD 19.33 billion in 2019 and is predicted to reach USD 35.94 billion by 2030 with a CAGR of 5.8% from 2020-2030.
Waste to Energy is a technology which is used to generate electricity from the waste and this also reduces the municipal waste. The energy produces from waste is similar to energy produced from coal, oil, natural gas and others. This will also reduce the use of municipal waste in landfills which further reduces the emission of carbon dioxide.
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Top Companies: Suez Environment S.A., Waste Management Inc., C&G Environmental Protection Holdings, Babcock & Wilcox Enterprises, Inc., Constructions industrielles de la Méditerranée (CNIM), China Everbright International Limited, Abu Dhabi National Energy Company PJSC, Covanta Energy Corporation, Veolia Environment and Foster Wheeler A.G and others.
The global waste to energy market share is analyzed on the basis of source, technology and geography. On the basis of source, the market is segmented into Municipal Solid Waste (MSW) & Refuse-Derived Fuel (RDF) in Electricity Generation, Energy from Waste (EfW) Plants and District Heating & Combined Heat and Power (CHP). On the basis of technology, the market is divided into thermal and biological. The thermal technology is further divided into Incineration, Pyrolysis, and Gasification. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
North America is expected to account for the major market share over the forecast period owing to the increased adoption of waste to energy. Furthermore, presence of developed infrastructure and technological advancement with increased demand of electricity is expected to propel the growth of waste to energy market over the forecast period. Asia Pacific is expected to show rapid growth owing to the increase in industrialization and urbanization over the forecast period. Furthermore, increasing investment by the government to reduce the waste and increased inclination towards the renewable energy are also expected to fuel the growth of waste to energy market.
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About the AuthorVedika
Joined: November 28th, 2020
Articles Posted: 128
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