Exploring Waste to Energy Market Opportunity, Latest Trends, Demand, and Development By 2030
MarkNtel Advisors recently published a detailed industry analysis of the Global Waste to Energy. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Waste to Energy Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Waste to Energy Market size was valued at USD 41 billion in 2023 and is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2024-30.
What are the major Driver the Global Waste to Energy industry?
Production of Biofuel Maximize Market Revenue – Biofuels are liquid fuels produced from renewable biological sources, using agriculture residues & food waste, feedstock, etc., this transformation of biomass and waste produces biogas or bioethanol. These biofuels can serve as an alternative, reducing dependency on fossil fuels and becoming the most preferable fuel. Here Waste-to-energy plays an important role in supplying the energy needed for biofuel production, improving energy security. The combination of waste-to-energy with biofuel production contributes to a circular economy by utilizing organic wastes. This facilitates reducing waste and greenhouse gas emissions, therefore achieving sustainable goals. Hence, the inclination towards the production of biofuel is estimated to accelerate the growth of the waste-to-energy market.
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What segments define the Global Waste to Energy from 2024 to 2030? How do these segments contribute to market dynamics and growth?
- By Technology
- Thermal
- Incineration
- Pyrolysis
- Gasification
- Biological
- Physical
- Thermal
According to report, Thermal technology is estimated to hold a significant share of the Global Waste-to-energy market during 2024-30.
- By Type of Waste
- Municipal Waste
- Agricultural Waste
- Industrial Waste
- Others
According to report, Municipal Solid waste holds the majority share of the Global waste-to-energy market.
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Geographical Analysis: Global Waste to Energy
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Global Waste to Energy Share & Competitive Landscape:
The Waste to Energy Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Waste to Energy are:
- Suez Environment S.A
- Veolia Environment
- C&G Limited
- Waste Management Inc.
- Keppel Seghers
- Babcock & Wilcox Co.
- Covanta Energy Corporation
- ADI Systems Inc.
- Hitachi Zosen Inova AG
- Xcel Energy Inc.
- Abu Dhabi National Energy Company PJSC
- MVV Energie AG
- China Jinjiang Environment Holding Co Ltd
- A2A SpA
- Martin GmbH
- China Everbright International Limited
- Mitsubishi Heavy Industries Ltd
- Shandong Wheelabrator Technologies Inc.
- Constructions Industrielles de la Mediterranee
- Foster Wheeler A.G.
Global Waste to Energy Industry Recent Developments
- March 2024: Hitachi Zosen Inova announced the collaboration with Enfinium to construct and operate the UK’s first carbon capture pilot plant at a Waste-to-Energy facility. The carbon capture plant will utilize HZI’s Amine-scrubbing technology, specifically designed to seamlessly integrate with Efinium’s onsite waste-to-energy operations.
- March 2024: A2A SpA and Enel declare the signing agreement for the reorganization of electricity networks in Lombardy.
- April 2024: Babcock & Wilcox Enterprises, Inc., announced that its B&W Environmental Segment had been awarded a contract for approximately $15 million to supply environment equipment for an industrial facility in the Middle East.
Questions Addressed in this Study
1.What factors are driving the Global Waste to Energy growth?
2.How is the Global Waste to Energy expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Waste to Energy?
4.What is the current size of the Global Waste to Energy, and how is it projected to change in the future?
6.What is the future outlook for the Global Waste to Energy in terms of technological advancements and market expansion?
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