DUBLIN--(BUSINESS WIRE)--The "Waste to Energy Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The waste to energy market is evaluated at US $32.766 billion for the year 2019 growing at a CAGR of 5.89% reaching the market size of US $46.192 billion by the year 2025.
Waste to energy refers to a process in which energy is generated in the form of electricity or heat which is done through the processing or treatment of waste. In other words waste to energy refers to the technology which converts waste into a fuel source. It is also known as the recovery of energy. This majority of the electricity or heat that is produced through direct combustion, however, often a combustible fuel commodity is often generated through the treatment of waste such as ethanol and methane among others.
The waste to energy market is poised to show a significant growth throughout the course of the next five years primarily on account of the growing concerns regarding the proper disposal of waste along with the growing focus towards the generation of clean energy in many parts of the world. This advanced technology helps in reducing the waste disposed of to landfills thereby reducing greenhouse gases. Furthermore, it helps in the recycling of waste, which also reduces the harmful impact of waste on the environment. The waste to energy facilities is often considered as the only facilities that help to mitigate the adverse changes in the climate as it reduces the burning of fossil fuels and can further reduce and minimize the harmful emissions being done to the environment.
The governments across the globe are taking all the necessary steps in order to protect the environment that has also led to an upsurge in the investments being done in waste to energy facilities in both developed and underdeveloped economies, which, in turn, is playing a significant role in shaping up the market growth throughout the forecast period. Furthermore, the increased focus towards waste management is further positively impacting the market growth as numerous regulations are being implemented in many countries for the proper disposal and treatment of waste for energy generation purposes on account of the availability of limited land area in many parts of the world. Governments around the globe are taking all the necessary steps to implement numerous sustainable and effective waste management solutions and waste to energy is considered as an integral part. The growing focus towards renewable energy, rising fossil fuel prices, and also to reduce the dependency on fossil fuels various alternative sources of energies are being invested in many countries. The governments of several countries are investing in WtE facilities to avail of the benefits out of it. For instance, in January 2020, Indian Railways announced the opening of its first-ever waste to energy plant in Bhubaneswar as its first step towards sustainable development.
The advent of the novel coronavirus disease is anticipated to restrain the market growth to some extent as the outbreak has led to a halt in the industrial activities in many parts of the world due to the shortage of labor as well as non-availability of the raw material due to the disruption in the supply chain activities. Furthermore, a slight decline in the demand for energy as well as the economic breakdown in many countries has led to an adverse impact on the investments in new projects which in turn is projected to inhibit the market growth to some extent especially during the short run.
- Hitachi Zosen Corporation
- MITSUBISHI HEAVY INDUSTRIES, LTD.
- Covanta Holding Corporation
- Acciona, S.A.
- China Everbright International Limited
- A2A S.p.A.
- Waste to Energy Systems, LLC
- MARTIN GMBH
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Waste to Energy Market Analysis, by Technology
6. Waste to Energy Market Analysis, by Offering
7. Waste to Energy Market Analysis, by Geography
7.2. North America
7.3. South America
7.5. Middle East and Africa
7.6. Asia Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/w5al9y