The Global Waste to Energy Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Waste to Energy market which consists of key statistics such as global, region-wise and country-wise market size, market forecast, CAGR market segmentation, market share of various technologies, types of waste, etc.
Global Waste to Energy Market Outlook
According to MarkNtel Advisors’ market research report titled “Global Waste to Energy Market Analysis, 2020”, the market size of Waste to Energy market across the globe is forecast to grow at the CAGR of around 6% during 2020-25. The major key factors contributing to the market growth of Waste to the Energy market are the emerging need for lowering the volume of waste generated from the municipal, industrial, and agriculture sectors. Along with this, rising urbanization, rapid industrialization, and surging population across the globe would augment the waste generation, thus boosting the impending need for energy in the market. Therefore, this is projected to promulgate the growth of waste to the energy market in the coming years. The governments across various countries announced their strategies for the optimum use of non-fossil fuel energy sources, due to which the market size of Waste to the Energy market can further increase. Furthermore, the escalating number of Waste to Energy plants in the developing countries is contributing to the expanding market size of Waste to the Energy market.
Asia-Pacific to Register Highest CAGR During Forecast Period
Europe, being a mature market for the development of Waste to Energy solutions, acquired the major market share in 2019. As of 2019, the region had around 500 waste to energy plants which convert the millions of tons wastage into energy. Moreover, the technological upgradation in the waste to energy solutions would contribute to the increasing market share of the region. However, the APAC is expected to witness a robust growth during 2020-25 owing to the increasing investment in R&D by the countries such as China and Japan for the treatment of municipal solid waste. Also, the government’s aim to reduce carbon footprints in energy production and to stop the usage of coal in the power generation mix would actively contribute to the increasing market size of Waste to Energy market in the forecast period of 2020-25.
Thermal Technology to Dominate Market During 2020-25
In 2019, the thermal technology dominated the Global Waste to the Energy market and is expected to continue its dominance in the forthcoming years owing to the increasing volume of waste due to rapid urbanization and industrialization. However, pyrolysis and gasification technology is expected to acquire a significant market share in the Thermal Technology market owing to the increasing demand for incineration technology in the developing countries.
In 2019, the municipal sector acquired the major market share on account of the surging volume of waste generated from the residential and commercial sectors. As of 2018, around 20.01 bn metric tons of municipal solid waste were produced every year, as per the World Bank. Also, the government in India announced the expansion of its waste-to-energy program with an investment worth USD 55 million to municipal waste and a target of 200MW.
Moreover, the market share of the agriculture and industrial sector can also increase due to rapid industrialization and emerging technologies in the agriculture sector. It is estimated that the global waste generation would increase by 3.40 billion metric tons by 2050 in comparison to 2018. Thus, the market share for the agriculture and industrial sector is expected to increase during 2020-25 as well, as stated in the MarkNtel Advisors’ market research report “Global Waste to Energy Market Analysis, 2020”.
According to MarkNtel Advisors, the availability of numerous local and foreign players in regions makes the global industry highly competitive. The key players with a considerable share in the industry are Mitsubishi Heavy Industries, Waste Management, A2A, Veolia Environment, Hitachi Zosen Corp, China Everbright International, Ecocorp, and Emery Energy Company, among others.
The competitors are launching new products and entering strategic alliances to gain a competitive advantage in the industry.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation, and Statistics
Global Waste to Energy Market Outlook, 2015-2025F
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Waste to Energy Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and Market Volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Billion & the volume is in Million Tons.
Q. What would be the growth rate or CAGR of Global Waste to Energy Market during 2020-25?
A. The Global Waste to Energy Market is expected to grow at a CAGR of around 6% during 2020-25.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that Europe will dominate the market with the majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating the Global Waste to Energy market?
A Mitsubishi Heavy Industries, Waste Management, A2A, Veolia Environment, Hitachi Zosen Corp, China Everbright International, Ecocorp, Emery Energy Company, etc., are the leading players in the Global Waste to Energy market.
Q. Which technology would emerge as an opportunity area for players in Global Waste to Energy Market?
A. Thermal Technology is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which type of waste would emerge as an opportunity area for players in Global Waste to Energy Market?
A. Municipal waste grabbed a significant market share continue to grow at the highest CAGR, presenting immense opportunities for manufacturers and service provider of Global Waste to Energy Market.