A recent market intelligence report that is published by Data Insights Partner on the global Waste-To-Energy Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Waste-To-Energy Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Waste-To-Energy Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Waste-To-Energy Market is offered. In accordance with the report, the global Waste-To-Energy Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Waste-To-Energy (WtE), also known as Energy-From-Waste (WfE), refers to the procedure of creating energy in terms of electricity or heat primarily by the process of treating waste to form a source of fuel. Electricity and heat are generated from waste through the process of combustion or by the production of a combustible fuel like synthetic fuels, methane, ethanol, and methanol. Waste-to-energy technology include fermentation and esterification.
The initial impetus to the waste-to-energy market is given by the availability of waste because the basic raw material used in this market is waste. With surging population around the globe, the readiness of waste is growing at a tremendous pace especially in the Asia-Pacific region. This calls for the treatment of waste that would give rise to something efficient. This factor is primarily driving the waste-to-energy market.
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The demand for energy is soaring owing to a variety of reasons like industrialization, urbanization, electrification of rural areas of different countries. A significant factor threatening or is likely to threaten the supply of electricity in the near future is the exhaustion of non-renewable resources like fossil fuels, coals and many more that were and are still being used for the production of electricity. To cope up with the expected scarcity of source of energy, the dependence on waste for creation of energy is growing. Moreover, the waste created by human as a source of energy would assist in long term sustainment of human progress.
Waste-from-energy not only reduces the availability of waste but also lowers the further dependence on non-renewable resources. The generation of energy form non-renewable resources led to carbon emission. This is nil in case of waste-to energy. Environmental concerns of the people are fueling the growth of this market.
Apart from all above factors, favorable government policies that commercialize the various alternative sources of energy generation because of the depleting natural resources is empowering the energy-to-waste market.
The lack of obtainability of space for dumping the awfully large quantities of waste coupled with the extravagant prices of landfill is charging up the waste-to-energy market.
The production of waste-to-energy is done by a variety of processes like incineration, gasification, thermal depolymerization, fermentation and many more. In the process of incineration, incinerators are used and these are immoderately priced. With the constant dipping down of energy prices, the manufacturer’s profit margin is falling because of the premium price of incinerators. This factor is severely threatening the long-term prospects of the waste-to-energy market.
Further the production of waste-to-energy by the process of incineration brings with itself a variety of environmental hazards. The process of incineration is the earliest known production process of waste-to-energy. This is hindering the growth of this market.
The initial capital investment in the waste-to-energy market is sky-scraping that impedes the further development of this market.
Also, lack of awareness among the consumers and the users with regard to the availability of waste-to-energy is restraining the growth of this market.
The government policies aimed at reducing carbon footprint and regulate carbon emission by the setting up of standards, proving technical and financial assistance are likely to provide a great opportunity to this market. The rising environmental concerns is likely to be a great scope for this market.
The continuous research and development in this field for the development and sell of new products and increase product portfolio.
In 2019, the Europe market has recorded the largest proportion of revenue of about 43% because of the presence of a large number of manufacturers like Suez, Ramboll Group A/S, EQT AB and many more in that region and favorable government norms which include direct subsidy, landfill taxes and carbon taxes. By 2019, North America has occupied a significant market share of the waste-to-energy market owing to environmental concerns like climate change that drive the need to environmental protection, rising government stress on the accumulation and utilization of clean label electricity generation processes. The Asia-Pacific region is estimated to forecast prominent market growth because of the constantly developing economy, soaring government provisioning for the management and treatment of solid municipal waste. China and Japan are expected to showcase significant market growth.
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This market intelligence report on the global Waste-To-Energy Market encompasses market segments based on technology, end-user and country.
By Technology the global Waste-To-Energy Market has been divided into:
q Thermal Technology
o Plasma-Arc Gastification
q Biological Technology
o Anaerobic Digestion
o Methane Capture
q Physical Technology
By End User the global Waste-To-Energy Market has been divided into:
By country/region, the global Waste-To-Energy Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Hitachi Zosen Inova
q Covanta Holding Corporation
q Veolia Environment SA
q A2A spA
q Waste Management Inc
q Mitsubishi Heavy Industries Ltd
q Ramboll Group A/S
q Babcock and Wilcox Enterprise
q Xcel Energy Inc
q North Beck Energy Ltd
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Waste-To-Energy Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
Covanta Holding Corporation
By September 2018 Covanta Holding Corporation was successful in acquiring the Palm Beach County Florida Energy-from-waste facility of Solid Waste Authority (SWA). This acquisition was expected to thrive the growth prospects of the organization.
Hitachi Zosen Inova
On January 2018, Hitachi Zosen Inova, a Zurich-based firm collaborated with BESIX Group, Belgium-based construction giant to form the world’s largest plant on Energy-from-waste that is supposed to be built in the Emirates of Dubai. It is in line with the Dubai Strategic Plan 2021.
North Beck Energy Ltd
In 2018 North Beck Energy Ltd was approved to develop a WtE facility that is proposed to channelize 50 MW of electricity across Immingham.
Ø This study offers comprehensive yet detailed analysis of the Waste-To-Energy Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Waste-To-Energy Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Waste-To-Energy caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Waste-To-Energy Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
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v Identification of key factors driving investment opportunities in the Waste-To-Energy Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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