Global Waste-to-Energy Market Report Analysis and Forecast 2022-2030
"Browse 87 Market Data Tables and 63 Figures spread over 445 Pages, along with an in-depth TOC on the Global Waste-to-Energy Market Forecast 2019-2028."
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The generation of reusable energy from waste is being increasingly prioritized across the world. The waste-to-energy has earned an important place among the integrated waste management strategies. In this context, it is considered as an alternative strategy to relieve the pressure on landfills. Many WtE technologies have been commercialized, along with gaining decent investment in respective projects. The projects are categorized into biological and thermal.
Growing Demand for Renewable Energy Drives Market Growth
The extensive usage of conventional sources of energy has led to its rapid depletion. They are mostly non-renewable sources of energy. The increasing cost of energy is prompting the world to look out for alternative sources of energy. The lack of energy security, since the world is dependent on various sources, has resulted in huge losses across the globe. Several governments have come together to incorporate renewable energy into their energy baskets. The development of renewable energy entails WtE, which has presented a new sphere to cater to the increasing energy demands.
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Thermal is the Dominating Technology as of 2019
Thermal is the most commonly utilized technology in the WtE generation process. These technologies generate energy for treating municipal solid waste at high temperatures. These can process both inorganic and organic waste, giving them an edge over other renewable energy technologies. The environment regulations and political support are projected to have a positive impact on the overall market. The recent technological advancements will further supplement the market in terms of lucrative market opportunities. The three major and important methods used in thermal technology are Incineration/Combustion, Pyrolysis, and Gasification. Combustion/Incineration is the oldest method for converting a variety of energies. In Gasification, carbonaceous materials are converted into energy-rich gas. Pyrolysis is the thermo-chemical decomposition of organic material at a high temperature devoid of oxygen.
Europe Dominated the Global Market in 2019
The region of Europe is said to account for nearly half of the global revenue. The strict environmental regulations with regard to the reduction of carbon footprints, and the increasing need to secure energy, have influenced market growth. The region encompasses some of the finest companies in the global market. The market has the advantage of technological advancements, along with considerable contributions from major countries like France, the United Kingdom, and Germany. The region generates humongous amounts of waste that have the potential for energy recovery every year.
Several factors, like lack of diversity, high exit barriers, and global industry growth, are projected to influence rivalry in the market. The need for specialized assets for energy production represents high exit barriers that keep the companies engaged in the competition. This is despite them earning low returns. Some of the renowned companies operating in the market are China Everbright International Limited, Xcel Energy, Suez Environment S.A., Waste Management Inc, The Babcock & Wilcox Company, etc.
GLOBAL HAZARDOUS WASTE MANAGEMENT MARKET
GLOBAL ENERGY MANAGEMENT SYSTEM MARKET
GLOBAL AIR POLLUTION CONTROL SYSTEM MARKET
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