Waste to Energy Market Outlook and Growth Stance Forecasted Through 2026
Waste-to-energy is one of the most effective alternative energy options to reduce CO2 emissions and replace fossil fuels. It is not just a trash disposal method, but a way to recover valuable resources. Waste-to-energy is a vital part of a sustainable waste management chain and it is completely complementary to recycling.
Albany, NY -- (SBWire) -- 02/11/2019 --The expanding database of Market Research Reports Search Engine (MRRSE) has been recently updated by the addition of a new study which is titled as "Waste to Energy Market Outlook and Growth Stance Forecasted Through 2026". The fact-based research report on the global Waste to Energy market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. All these factors are analyzed across key regions of Latin America, North America, Europe, Middle and Africa (MEA) and the Asia Pacific. In order to provide an accurate forecast, analysts have presented the current market, which forms the basis of how the metal caps and closures market is expected to develop in the future.
The world is currently facing challenges arising out of shortage of conventional fossil fuels and degradation of the environment. In order to overcome these issues, renewable energy resources are being used increasingly. The need to produce energy from renewable resources has risen. Waste-to-energy (WtE) is a type of renewable energy. It is a process wherein energy is generated from the treatment of waste, thereby turning waste into a source of power generation.
The energy produced from this process is similar to that produced by using coal, natural gas, or oil. The waste-to-energy process is expected to reduce landfilling of municipal solid wastes (MSWs) by 90%, which can further reduce carbon dioxide (CO2) emissions.
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Japan and Germany are major countries in terms of waste treatment for energy recovery. Japan converts approximately 65% of its waste into energy. The share of waste disposed of in landfills is nearly 3%; the rest of it is either recycled or composted. Germany is the world's first major renewable energy economy, as it extensively uses renewable energy for power, heating, and transport. More than 120 waste-to-energy plants were operating in Germany by the end of 2016.
This report analyzes and forecasts the waste-to-energy market at the global and regional levels. The market has been forecast based on value (US$ Mn) and volume (thousand tons) for the period from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global waste-to-energy market. It also covers the expected impact of these drivers and restraints on the demand for waste-to-energy during the forecast period. The report also highlights opportunities for the waste-to-energy market at the global and regional levels.
The report includes detailed value chain analysis, which provides a comprehensive view of the global waste-to-energy market. Porter's Five Forces model for the waste-to-energy market has also been included to help understand the competition landscape of the market. The study encompasses market attractiveness analysis, wherein waste type, technology, and application segments have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global waste-to-energy market by segmenting it in terms of waste type, technology, application, and region/country. In terms of waste type, the market has been classified into municipal solid waste (MSW), agricultural waste, and others. Based on technology, the waste-to-energy market has been divided into thermochemical and biochemical. In terms of application, the market has been segregated into electricity, heat, and others. These segments have been analyzed based on the present and future trends. Regional segmentation includes the current and forecast demand for waste-to-energy in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of the waste-to-energy market for the base year 2017 and the forecast between 2018 and 2026. Market numbers have been estimated based on waste type, technology, and application segments of the waste-to-energy market. Market value and volume have been provided for the global, regional, and country-level markets.
The report comprises profiles of major companies operating in the global waste-to-energy market. Key players operating in the global market are Veolia, SUEZ, Covanta Holding Corporation, Keppel Corporation Limited, Constructions industrielles de la Méditerranée (CNIM), China Everbright International Limited, Babcock & Wilcox Enterprises, Inc., STEAG GmbH, Future Biogas Limited, and Gazasia Ltd. Market players have been profiled in terms of attributes such as company overview, financial overview, and recent developments.
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The global waste-to-energy market has been segmented as follows:
Global Waste-to-energy Market, by Waste Type
Municipal Solid Waste (MSW)
Global Waste-to-energy Market, by Technology
Global Waste-to-energy Market, by Application
Global Waste-to-energy Market, by Region
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa (MEA)
Rest of Middle East & Africa
Europe is the leading region of the global waste-to-energy market. The region constitutes more than 35% share of the global market. The market in Asia Pacific is expected to expand at a significant pace during the forecast period.
Europe had around 520 waste-to-energy plants in 2016, with all EU28 countries active in the WtE production, along with Iceland, Norway, Serbia and Switzerland
Recently, concerns related to fossil fuels have increased. This presents opportunities for service providers operating in the waste-to-energy market.
Around 75 waste-to-energy facilities operate in 23 states of the U.S. They have capacity to process approximately 94,000 tons of waste per day and a base load electricity generation capacity of approximately 2,534 MWh (megawatt hours).
According to Bloomberg New Energy Finance, 114 bioenergy and energy-from-waste plants are currently operating in Australia
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