Waste to Energy Market is expected to grow at a CAGR of 8.51% during the forecast period of 2021-2030

Increasing demand of energy, limited landfill availability and rising volume of municipality wastes are the factors driving the growth of waste to energy market.

The Waste to Energy Market is expected to grow at a CAGR of 8.51% from 2021-2030, according to a new research report by Next Move Strategy Consulting.

Waste to energy process enables production of various combustible fuels such as ethanol, methane and synthetic fuel through the combustion of municipal wastes. It is considered to be a potential energy diversification strategy as it causes less air pollution compared to coal based and natural gas based plants. According to the International Energy Association report, globally, the use of renewable energy from waste would increase by 1.5% in 2020. This in turn drives the growth of waste to energy market. Also, various countries across the world are adopting waste to energy process to produce energy and to save their environment from the harmful green house gases. Moreover, the waste to energy market is expected to thrive due to rising need of electricity among industries, depletion of conventional energy resources and increasing government initiatives to reduce carbon emission. However, the lack of flexibility in handling waste and lack of skilled workforce are the factors hindering the growth of the market to some extent.

The waste to energy market has been segmented on the basis of technology and geography.  On the basis of technology, the market is categorized into thermal, biochemical and others. The thermal technology segment is further sub divided into incineration, pyrolysis, gasification and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific and RoW.

According to the report, Europe possesses the lion share of the waste to energy market owing to favorable regulatory policies such as carbon taxes, landfill taxes and rising awareness to reduce global warming. On the other hand, North America holds a significant market share and is expected to maintain this trend during the forecast period owing to government initiatives to generate clean electricity. However, Asia Pacific is expected to show maximum growth throughout the forecast period due to rising funding by governments for proper management of municipal waste.

Browse key industry insight from the report, “Waste to Energy Market by Technology {Thermal (Incineration, Pyrolysis, and Gasification), Biochemical, and Others} - Global Opportunity Analysis and Industry Forecast 2021-2030

According to the report, some of the major key players of the waste to energy market are Abu Dhabi National Energy Company PJSC (TAQA), John Wood Group Plc, Babcock & Wilcox Enterprises, Inc., C&G Ltd., China Everbright International Limited, Covanta Holding Corporation, Suez, Veolia, Waste Management, Inc., and CNIM.

Key Insights from the Waste to Energy Market Report:

  • Current emerging trends and opportunities are extensively analyzed in waste to energy market report.
  • The forecast of the waste to energy market comes along with additional information associated with opportunities, restrains and key drivers in the market.

The report waste to energy market- segmented by technology and geography

Get a free sample on the Waste to Energy Market report

About Next Move Strategy Consulting

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com.

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