Waste to Energy Market Analysis:

Waste to Energy Market is projected to be worth USD 52.37 billion, registering a CAGR of 5.20% during the forecast period (2020 - 2030).

Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.

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Penetration of renewable energy Sources Boost Market Revenues

Energy is an important aspect of infrastructures essential for the economic growth and welfare of nations. The presence and development of adequate infrastructure are essential for the sustained growth of an economy. Worldwide governments initiate programs to encourage the setting up of biomass plants to generate electricity by disposing of agricultural waste in a carbon-neutral manner, tackling growing pollution concerns. 

Favorable government regulations to boost renewable sources for energy and development in technology have positively impacted the market growth. Additionally, improvements in technology have helped boost waste to energy performance. Climate change and the growing energy demand are expected to drive the waste to energy industry worldwide. Increasing developments of facilities utilizing household and commercial waste to generate electricity and feed into the national grid push the market growth. 

Segmentation:

The market is segmented into technologies, verticals, and regions. The technology segment is sub-segmented into thermal technology and biological technology. The sub-segment thermal technology is bifurcated into incineration, pyrolysis, plasma-arc gasification, and others.

The sub-segment biological technology is bifurcated into methane capture, anaerobic digestion, fermentation, and others. The vertical segment is sub-segmented into public and private sectors. The region segment is sub-segmented into Europe, North America, Asia-Pacific, and the rest-of-the-world. 

Regional Segmentation

The Asia Pacific region accounts for the largest market in terms of the global waste to energy market value. Rising consumer preference for the organic energy source or renewable source to manage changing environment boosts the region's waste to energy market shares. Besides, increasing government initiatives to promote waste decomposition and convert it to usable energy offer significant market opportunities. 

Increasing demand for power generation through waste material and renewable energy sources boosts the waste to energy market size. Additionally, favorable government regulations to increase integration of biopower and the boosting manufacturing sector across the region provide significant waste to energy market growth opportunities.

Moreover, the increasing use of waste-to-energy solutions in various power generation and industrial applications and vast technological upgrades increase market size.

Several APAC countries are assessing alternate sources of energy to respond to rising environmental concerns, crude prices volatility, and restricted landfills. Waste to energy solves long-term environment challenges by reducing the amount of greenhouse gas emissions.

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Key Players:

Key players active in the market are Hitachi (Japan), A2A (Italy), Ramboll (Denmark), BlueFire Renewables (US), and Axpo Holding AG (Switzerland), among others.