Waste to Energy Market Size, Share & Trends Analysis Report By Technology (Thermal {Incineration, Pyrolysis, Gasification}, Biochemical, Others) Based on Region, And Segment Forecasts, 2021 - 2027

  • Report ID: BMRC 1581 | Number of pages: 198 | Published Date: Sep 2021

    Published | Category: Energy And Mining | Delivery Timeline: 48 hrs

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Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027

Global Waste to Energy Market is valued at USD 31.68 Billion in 2020 and expected to reach USD 52.92 Billion by 2027 with a CAGR of 7.6% over the forecast period.

Global Waste to Energy Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Increasing government regulations, rising investments in R&D and emerging waste to energy technologies like are the significant factors which are driving the growth of the Global Waste to Energy Market.

Scope of Global Waste to Energy Market Report:

Waste to energy or energy from waste is the process of generation of energy in the form of electricity or heat from the treatment of waste and processing of waste into a fuel source. Waste to energy is a form of energy recovery. It is economically and ecologically sound way to create renewable source for energy. Most waste to energy processes generate electricity or heat directly through combustion or produce a combustible fuel commodity such as methanol, methane and synthetic fuels. In waste to energy process the energy is generated by using thermal processes like gasification, thermal depolymerization, pyrolysis, plasma arc gasification and by using non thermal processes like anaerobic fermentation, digestion and mechanical biological treatment (MBT).

Waste to energy plants burn all municipal waste. This energy is used for different purposes like for creating electricity, creating steam. The waste to energy in solid waste avoids methane emissions from landfills and offsets greenhouse gas emission from fossil fuel electrical production. Also it recovers valuable resources such as metals and produces clean, reliable base-loaded energy and steam. It uses less land per megawatt than other renewable energy sources also it destroys chemical waste which results in low emission levels. The first incinerator was built in 1874 in Nottingham UK by Manlove, Alliott & Co. Ltd. to the design of Alfred Fryer.  

The COVID -19 outbreaks has shown a negative impact on the growth of global waste to energy market. The COVID situation disrupted the global economy by halting the production and processing of major industries such as recycling waste industries and energy generation industries. These industries were closed during the lockdown or operated under the restricted environment. During Covid-19 pandemic, government imposed a restriction on transportation to reduce the risk of infection of the virus may hamper the global waste to energy market.

Key Players for Global Waste to Energy Market:

Some major key players for global waste to energy market report cover prominent players like Hitachi Zosen Inova AG, Suez, Veolia, Ramboll Group A/S, Covanta Holding Corporation, China Everbright International Ltd., Abu Dhabi National Energy Company PJSC, Babcock & Wilcox Enterprises lnc., Wheellabrator Technologies lnc., Xcel Energy lnc. and others.

Global Waste to Energy Segmentation:

global waste to energy market is divided into technology and regions & country level. Based on technology, the global waste to energy market is segmented into thermal, biochemical and others. Thermal technology is further sub-divided into incineration, pyrolysis and gasification.

By Technology:                                     

  • Thermal
  • Incineration
  • Pyrolysis
  • Biochemical
  • Others

The regions covered in global waste to energy market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, the market of waste to energy is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Increasing Government regulations and Growing Investments in R&D and Emerging Waste to Energy Technologies are Driving the Market Growth

Increasing government regulations regarding the waste to energy in various countries is one of the major factors driving the growth of global waste to energy market. For instance; according to Federal Power Act 2019, this act gives federal authority over electric utilities in U.S. Also the acts like Public Utility Regulatory Policy Act (PURPA) and Energy Policy Act are applied by the government to increase the waste to energy and decrease the CO2 emission by fossil fuels. In addition, escalating investments in R&D by different countries is also fostering the growth of global waste to energy market. According to a news published in July 2019, around 10,000 crore invested in waste to energy plants, around 92 plants with aggregate capacity of around 250 MW have been set up in India. Investors valued waste to energy in India at almost $1.5 billion (11,0000 crore) in 2017.

Furthermore, emerging waste to energy technologies like Dendro Liquid Energy (DLE) are also supplementing the market growth. For instance; according to New Tech for Old Industries 2018, there are few upcoming new waste to energy technologies like Dendro Liquid Energy (DLE) and Hydrothermal Carbonization (HTC). HTC fast tracks the slow process of geothermal conversion of waste with an acid catalyst at high pressure and heat to stimulate the production of hydro-char that has properties similar to fossil fuels.

However, concerns related to the environmental hazards associated with incineration process may hamper the market growth. In spite of that, growing awareness regarding environment protection can offer the more opportunities for the further growth of the global waste to energy market.

Europe is Expected to Capture the Significant share of the Global Waste to Energy Market

Europe is expected to show a significant growth in the global waste to energy market over the forecast period due to large production of electricity and heat by waste to energy, presence of major market players and large revenue shares and supportive government initiatives in this region. For instance; according to Multidisciplinary Digital Publishing Institute (MDPI) 2020, around 39TWh of electricity and 90 TWh heat produced annually in Europe and it prevent production CO2 about 50 million tons which can be generated through fossil fuels. Also presence of major market players in Europe is also fostering the market of waste to energy market. As per the news published in March 2020, Veolia waste to energy capability began low carbon heat delivery in UK. This plant supplies heat for 1983 council homes and electricity for 22000 homes.

North America is expected to show a lucrative growth in the global waste to energy market due to the preference to clean electricity generation, increasing solid waste and growing awareness of environment protection & climate change. According to Energy Information Administration 2018, 29.5 million tons of municipal Solid waste was burnt in U.S, in about 68 wastes to energy plants to generate around 14.0 billion KWh of electricity. Also increasing solid waste is also responsible for growth of energy to waste market. For example, according to United states Environment Protection Agency (EPA), 2019, the total generation of municipal solid waste (MSW) in 2018 was 292.4 million tons in U.S.

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • France
  • Germany
  • Italy

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia

Latin America

  • Brazil
  • Mexico

Middle East and Africa

  • GCC
  • Africa
  • Rest of Middle East and Africa
Report Analysis Details
Historical data 2015 - 2020
Forecast Period 2021 - 2027
Market Size in 2020: USD 31.68 Billion 
Base year considered 2020
Forecast Period CAGR %:

7.6% 

Market Size Expected in 2027: USD 52.92 Billion
Tables, Charts & Figures: 175
Pages 200
Key Players/Companies Hitachi Zosen Inova AG, Suez, Veolia, Ramboll Group A/S, Covanta Holding Corporation, China Everbright International Ltd., Abu Dhabi National Energy Company PJSC, Babcock & Wilcox Enterprises lnc., Wheellabrator Technologies lnc., Xcel Energy lnc. and others.
Segments Covered By Technology
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits for Global Waste to Energy Report:

  • Global Waste to Energy Market report covers in-depth historical and forecast analysis.
  • Global Waste to Energy Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
  • Global Waste to Energy Market t helps to identify opportunities in marketplace.
  • Global Waste to Energy Market report covers extensive analysis of emerging trends and competitive landscape.

Waste-To-Energy Trends In 2021

  • Consider implementing waste-to-energy in urban design.
  • Promote the use of organic waste to replace natural gas.
  • Europe Emerging as a Major Market for WtE Plants.
     

For More Waste-To-Energy Trends In 2021 Contact


Frequently Asked Questions (FAQ) :
Waste to energy or energy from waste is the process of generation of energy in the form of electricity or heat from the treatment of waste and processing of waste into a fuel source. Waste to energy is a form of energy recovery. It is economically and ecologically sound way to create renewable source for energy.
The Waste to Energy Market size is valued at USD 31.68 Billion in 2020 and expected to reach USD 52.92 Billion by 2027 with a CAGR of 7.6%
The growth of the global waste to energy market is driven by increase in demand for incineration process and rise in public Waste to Energy expenditure
Mitsubishi Heavy Industries Ltd, Hitachi Zosen Inova AG, Waste Management, Inc., Suez, A2A S.p.A., Covanta Holding Corporation, Veolia, China Everbright International Limited, Keppel Seghers, Abu Dhabi National Energy Company PJSC, Covanta Holding Corporation, Ramboll Group A/S
Asia-Pacific is expected to develop at as substantial rate in the waste-to-energy industry in the past few years. It has dominated the market across the world with increasing efforts taken by the government in providing incentives for waste-to-energy projects, adopting better MSW management practices in the form of financial support for R&D projects on a cost-sharing basis and capital subsidies and feed-in tariffs



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Waste to Energy Market Growth Estimated to Record Worth $ 52.92 Billion by 2027 and Analysis 2019-2025

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