Market Size – USD 35.80 billion in 2019, Market Growth – CAGR of 5.7%, Market Trends – Increasing adoption of biological technology
The Waste to Energy market report focuses on the economic developments and consumer spending trends across different countries for the forecast period 2020 to 2027. The research further reveals which countries and regions will have a better standing in the years to come. Apart from this, the study talks about the growth rate, market share as well as the recent developments in the Waste to Energy industry worldwide. Besides, the special mention of major market players adds importance to the overall market study.
Limited availability for landfill sites and the steady growth of the cities have increased the adoption of waste-to-energy technologies. Growing initiatives of the government, such as the implementation of strict emission control measures, increasing investment for the development of technologically advanced waste to energy facilities, the imposition of landfill or carbon tax, are most likely to propel the market’s growth over the forecast period.
Technological advancements of the plants, such as innovations in combustions and boiler design, expansions of the waste to energy facilities, or enhancements in metal recovery systems, are most likely to propel growth opportunities for the industry.
Increasing adoption of the biological technology over thermal technology is due to the shifting of preferences towards zero waste paths. The expensive installation cost of the incineration and the health risks has resulted in the rising adoption of recycling and waste prevention policies. The biological technology uses anaerobic digestion to generate biogas, which is ecofriendly.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
Click Here to Get Full PDF Sample Copy of Report@ https://www.emergenresearch.com/request-sample-form/228
Key Highlights From The Report
In September 2019, Mitsubishi Heavy Industries Thermal Systems, Ltd., a group company of Mitsubishi Heavy Industries Ltd., entered into a joint venture with State Grid Energy Conservation Service Co., to perform services of technical consulting for energy conservation investment projects in China.
The thermal technology held the largest market share of 52.1% in 2019 due to the increasing development in the gasification and incineration technologies.
Incineration thermal technology is a key contributor to the growth of the thermal technology segment. It reduces the quantity of waste in landfills, prevents the production of methane gas from the landfills, and generates energy from waste. For example, countries with cold weather, like Sweden, generate 8% of their heating needs from waste incinerators.
The biological segment is forecasted to grow with the fastest CAGR of 5.8% over the forecast period due to the increasing demand for cleaner energy sources and the growing environmental concerns.
The Biogas plants are a significant contributor to the biological segment’s growth as it is a low-cost technology and helps to curb down the levels of greenhouse gases & carbon emissions.
Europe accounted for the largest market share of the Waste to energy market in 2019 due to the presence of major market players in the region and the government’s favorable regulatory policies and subsidies.
The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the government’s increased funding for the development of technologically advanced waste to energy facilities.
Key participants include Suez, Hitachi Zosen Inova AG, China Everbright International Limited, Covanta, Waste Management Inc., Veolia, Mitsubishi Heavy Industries Ltd, Xcel Energy Inc., Ramboll Group A/S, and Babcock & Wilcox Enterprises, Inc., among others.
#Waste to Energy Market Report to grow your business needs: Now Purchase @ https://www.emergenresearch.com/select-license/228
Technology Outlook (Revenue, USD Billion; 2017-2027)
Biological Technology
Biogas Plants
Landfill Gas
Fermentation
Thermal Technology
Pyrolysis
Incineration
Gasification
Physical Technology
Browse complete report description and visit our website @ https://www.emergenresearch.com/industry-report/waste-to-energy-market
Thank you for reading our report. For further information or queries about the report or customization options, please get in touch with us. We will ensure your report is tailored according to your requirements.
Related Reports;
Activated Carbon Market Size Worth USD 14.07 Billion by 2027 Growing at a CAGR of 9.6% | Emergen Research
Cardiac Monitoring & Cardiac Rhythm Management Devices Market To Be Worth USD 29.32 Billion by 2027 | Emergen Research
Neurostimulation Devices Market To Reach USD 13.70 Billion by 2027 Growing at a CAGR of 12.6% | Emergen Research
Virtual Diagnostics Market Size To Be Worth USD 1,512.2 Million by 2027 Growing at a CAGR of 15.0% | Emergen Research
Anti-Aging Devices Market Size To Be Worth USD 14.22 Billion by 2027 | Emergen Research
Mobile Medical Apps Market Size Worth USD 17.61 Billion by 2027 Growing at a CAGR of 22.9% | Emergen Research
Isoflavones Market Size To Be Worth USD 45.22 Billion by 2027 Growing at a CAGR of 12.9% | Emergen Research
Farm Management Software and Services Market To Be Worth USD 3,015.5 Million by 2027 | Emergen Research
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com