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Waste to Energy Market to cross $27,700.8 million During the Period 2018-2025

03-04-2020 06:33 PM CET | Energy & Environment

Press release from: allied market research

Waste to Energy Market to cross $27,700.8 million During

Rise in demand for renewable energy sources and increase in electricity consumption worldwide drive the growth of the market. However, high initial & maintenance costs hinder the growth of the industry. Conversely, rapid urbanization and increase in investments by governments from developing economies such as India and China would create new opportunities for the market players in future.

The report provides an extensive analysis of the top investment pockets, Porter's five forces model, key segments, drivers & opportunities, changing trends, market player profiles, and competitive landscape. According to the report, the global waste to energy industry garnered $17.27 billion in 2017 and is estimated to reach $27.70 billion by 2025, registering a CAGR of 6.1% from 2018 to 2025.

Growth in population and rise in landfill levels are projected to present numerous opportunities for the expansion of the market. Surge in demand for renewable sources of energy globally, increase in investment by governments to enhance energy production, and usage of other renewable energy sources as substitutes to reduce the carbon content is further projected to boost the overall growth of the global waste to energy market.

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Waste to energy is one of the most effective and robust alternative sources of energy, which helps in the reduction of CO2 emissions and thus, replace the use of fossil fuels. Using waste as a combustion substance is expected to reduce landfill volumes by more than 90%.

Thermal technology segment to maintain its lion's share by 2025

The thermal technology contributed more than 90% of the total market share in 2017, owing to rise in demand for energy generation from various types of wastes and development of new equipment. This segment is expected to retain its lion's share by 2025.

Europe: The highest revenue generating region

Europe accounted for more than one-third of the total market share in 2017, owing to the growing demand to replace waste treatment methods along with augmenting requirement for energy. This region would remain dominant, in terms of revenue, throughout the forecast period.

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Leading industry players

The key market players analyzed in the research include Waste Management Inc., C&G Environmental Protection Holdings, Suez Environment S.A., Babcock & Wilcox Enterprises, Inc., Constructions industrielles de la Mditerrane (CNIM), Covanta Energy Corporation, China Everbright International Limited, Foster Wheeler A.G., Abu Dhabi National Energy Company PJSC, and Veolia Environment.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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