Reports Monitor has recently published a Report on Global Waste to Energy Market.
Waste to energy (WtE) is a process that generates energy in the forms of electricity or heat and sometimes produces combustible fuel such as methanol and ethanol by treating various types of waste. Waste can be converted to the energy by using various technologies such as thermal and biological methods, which helps to generate renewable energy and minimizes the impact on the environment. The market is rapidly growing owing to increasing volume of waste generation worldwide, advancing technology to treat waste, and rising use of renewable energy resources. Waste generates energy in the form of electricity, heat, combined heat & power, and transport fuels. Governments of many countries are putting pressure on major manufacturers to apply a circular economy to reduce the volume of waste. Incineration technology has higher electric efficiency rate than other methods.
The global waste to energy market is projected to grow at a CAGR of 6.2% during the forecast period, 2018–2025.
Geographically, the global market is segmented into North America, Europe, Asia Pacific (APAC), and Latin America and the Middle East & Africa (LAMEA).
Europe is likely to hold a major share of the global market owing to increasing industrialization and overfilled local landfilled. However, the region is anticipated to grow at a moderate rate during the forecast period, 2018–2025.
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Asia Pacific is expected to register the highest CAGR due to increased waste generation, government initiatives to support waste to energy plant, and rapidly penetrating technologies in this region. Japan uses incineration technology to treat majority of their solid waste. Additionally, China is aggressively working on setting up waste to energy plant to match the growing volume of waste.
North America is expected to emerge as a prominent region in the global market as the U.S. considers being the major contributor due to the production of a higher volume of waste.
Some of the prominent players in waste to energy market are Babcock & Wilcox Enterprises, Inc., Covanta Energy Corp., Xcel Energy Inc., Suez Environment S.A., Abu Dhabi National Energy Company PJSC, Foster Wheeler A.G., Hitachi Zosen Inova AG, and China Everbright International Limited.
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- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America Middle East and Africa (LAMEA)
- South Africa
- Saudi Arabia
- Rest of Middle East and Africa
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