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The Waste to Energy market was valued at USD 28.9 billion by 2017, growing with 5.6% CAGR during the forecast period, 2019-2025.
Waste-to-energy process (WTE) is recognized as a renewable resource that treats waste products to recover energy in the form of alternative fuels such as biogas. Increasing focus towards substituting coal by renewable energy sources to decrease carbon footprints is likely to boost the market growth. The rise in industrial and domestic waste has also encouraged various governments across the world to support energy generation from waste. Government encouragement in the form of financial incentives and tax benefits coupled with promising regulatory policies are having a positive impact on market growth. This trend is likely to continue for the next eight years.
Global waste to energy market is segmented by technology used. The market is classified as physical, thermal and biological-based technology. Of which, thermal technology is further categorized as plasma-arc gasification, pyrolysis, and thermal gasification and incineration/combustion.
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Europe dominates the worldwide market owing to the increasing importance to decrease industrial by-products along with a growing focus on waste management. Nations including the Netherlands, Austria, and Germany have employed this technology to produce energy from the industrial by-product.
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Some of the other major players include;
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TECHNOLOGY
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MARKET, BY REGION