Loading...

Global Waste to Energy Market Expected to Reach $27,700.8 Million by 2025

 
 

quote Owing to the increasing demand for energy, energy companies are exploring new opportunities for the generation of electricity. Moreover, increase in investments by the governing bodies to develop energy conservation activities is expected to significantly enhance the market growth during the projected period quote

Onkar Sumant
Manager, Chemical and Material at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled," Waste to Energy Market by Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025", the global waste to energy (WtE) market was valued at $17,271.4 million in 2017, and is projected to reach $27,700.8 million by 2025, growing at a CAGR of 6.1% from 2018 to 2025. The thermal technology segment accounted for a major share of the global waste to energy market in 2017.

Waste to energy is one of the most effective and robust alternative sources of energy, which helps in the reduction of CO2 emissions and thus, replace the use of fossil fuels. Using waste as a combustion substance is expected to reduce landfill volumes by more than 90%. For every ton of waste burned, one ton of CO2 emission is reduced, which further helps in eliminating methane that can be leaked with landfill disposal.

Growth in population and rise in landfill levels are projected to present numerous opportunities for the expansion of the market. Surge in demand for renewable sources of energy globally, increase in investment by governments to enhance energy production, and usage of other renewable energy sources as substitutes to reduce the carbon content is further projected to boost the overall growth of the global waste to energy market. However, high costs associated with plant installation and infrastructure of expensive components are expected to hamper the overall market growth.

On the contrary, the global WtE market is expected to register the highest growth in the biological process segment, owing to increase in technological advancements and rise in disposable incomes. Furthermore, rapid urbanization and surge in the production of various renewable energy sources such as solar, wind, biomass, hydro, and others are expected to boost the market growth.

The incineration segment accounted for around half of the thermal technology segment in 2017, owing to the perennial modifications in the market and efficient techniques & processes, which are in high demand across the globe. Thus, increase in requirement of high-tech waste to energy conversion methods fuels the market growth globally.

Key Finding of the Waste to Energy Market :

  • Europe waste to energy market is projected to dominate the global market over the overall projected period.

  • The Asia-Pacific regional market is anticipated to grow at the highest rate in the global waste to energy market during the forecast period.

  • The thermal segment accounted for more than three-fourth share in the global waste to energy market in 2017 in terms of revenue.

  • The biological segment is anticipated to grow with the highest CAGR throughout the forecast period.

The key players operating in the global waste to energy market include Suez Environment S.A., Waste Management Inc., Constructions industrielles de la Mditerrane (CNIM), C&G Environmental Protection Holdings, Covanta Energy Corporation, China Everbright International Limited, Abu Dhabi National Energy Company PJSC, Foster Wheeler A.G., Veolia Environment, and Babcock & Wilcox Enterprises, Inc. Other players in this market include EcoCorp, Ener-G Plc, and Highmark Renewable.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Shaun Godinho
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Waste to Energy Market, by Technology [Thermal (Incineration, Pyrolysis, and Gasification), Biological]: Global Opportunity Analysis and Industry Forecast, 2018 - 2025 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Global Waste to Energy Market"
Purchase Enquiry