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Global Waste To Energy Market – Projections, Growth & Forecast To 2025

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Global Waste To Energy Market Size, By Type Of Waste (Municipal Waste, Agricultural Waste Medical Waste And Others), By Technology (Thermochemical Conversion (Incineration, Gasification, Pyrolysis, Liquefaction) Biochemical Conversion (Anaerobic Dig
Global Waste To Energy Market – Projections, Growth & Forecast To 2025
Waste to Energy is a process of generating energy through the treatment of waste materials from
various sources such as municipal waste, medical waste, agricultural waste and others. Waste to
energy process helps in generation of electricity, heat and fuel commodity such as methanol,
methane, ethanol and other forms of synthetic fuels. The growing government participation in
the recycling of these commodities are projected to be one of the vital factors leading the market
growth. However, the lack of awareness about waste to energy processes is one of the major
downside to the growth of the global waste to energy market size. According to insights and
reports analysis, the global Waste to Energy Market size is expected to grow at CAGR of over
5.5% during the review period.
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Waste to Energy Market: Thermal conversion technology is expected to exhibit significant
growth during the forecast period
The growing need for waste disposable across the globe coupled with the need for preservation
of fossil fuels are considered to be some of the major factors positively contributing to the
growth of the global waste to energy market during the review period. Moreover, the rising
inclination towards renewable sources for generation of electricity along with the presence of
stringent regulations in Europe such as the Kyoto Protocol is also projected to generate
substantial revenue during the review period.
On the basis of technology, thermal conversion is projected to generate the highest gains during
the forecast period. Thermal conversion mainly incineration is widely used across the globe
owing to the ease of processability and operation. Moreover, the biochemical conversion
technology is expected to exhibit a propelling CAGR during the forecast period. The growing
use of biochemical processes in the developing region owing to the significant presence of
livestock manure is attributing to the growth of the segment.
Regional Acumens:
On the basis of region, the global Waste to Energy Market Share can be segregated into North
America, Europe, Asia pacific, Latin America, Middle East and Africa. According to insights
and reports analysis, the Asia Pacific market of Waste to Energy Market Size is projected to
exhibit burgeoning growth during the given period. The rising population in the region has
compelled the industry players to shift towards renewable energy to reduce the dependency on
crude imports which is projected to substantially add to the growth of the waste to energy market
in this region.
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European Market Size is also anticipated to show significant growth during the forecast period.
The presence of strict regulation in the region is the major factor attributing to this growth. For
instance, according to the European Union (EU) waste regulation plan, the member states are
given a target to recycle 65% of their municipal waste and 75% of their construction waste by
2030.
Competitive Landscape:
The proficient players operating in the global Waste to Energy Market share has adopted various
organic and inorganic growth strategies to enhance their presence in the global market. For
instance, REMONDIS SE & Co. KG in September 2018 announced the start of the construction
of a USD 400 million waste to energy incineration plant at Queensland, Australia. Some of the
major players operating in the global Waste to Energy Market are REMONDIS SE & Co. KG,
Suez Environment SA, Waste Management, Inc., Covanta Energy Corporation, Constructions
industrielles de la Méditerranée (CNIM), and C&G Environmental Protection Holdings among
others.
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swapnil awari
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