Annual 7.2% CAGR for Waste To Energy Market Size & Share is Expected to Surge to USD 29187.5 Million by 2026: FnF Research
New York, NY, March 09, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Waste To Energy Market By Technology (Thermal and Biological): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” .
“According to the research report, the global Waste To Energy Market was estimated at USD 17940.4 Million in 2019 and is expected to reach USD 29187.5 Million by 2026. The global Waste To Energy Market is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2019 to 2027”.
Energy production technologies dedicated to renewable platforms are contributing at a significant level as a replacement for conventional resources. The waste to energy production technologies involved the production of energy from waste material. This energy is considered as pure as well as renewable. The waste to energy production technologies is intended to serve the municipal corporation in reducing the waste as well as the emission from the waste. The energy is recovered in form of electricity or steam. There are primarily two classifications of waste to energy production technologies namely thermal and biological. The thermal energy production technologies involve pyrolysis, gasification, and incineration.
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- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
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- 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of table & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
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Key Questions Answered in this Report
1) What was the impact of COVID-19 on the Waste To Energy Market?
2) What is the market size, share of the Waste To Energy Market?
3) Who are the top market players in the Waste To Energy Market?
4) What will be the future market of the Waste To Energy Market?
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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Impact Analysis of COVID-19 Pandemic on Businesses: Know Short Term and Long Term Impact
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Waste occupies a significant landmass of usable land. In addition, it also emits toxic elements in the air as well as water bodies, thereby severely affecting environmental elements. Many solutions are been used for the reduction of the environmental impact of waste. One of the important solutions is the production of energy from waste. The production technologies have been evolving with continuous research and development in the field.
With the rising concern for waste management, the utilization of waste for the production of energy is gaining increased traction among the municipalities. This inclination towards waste utilization is majorly owing to the rising waste been generated worldwide. The rising waste also poses a potential hazard to the nearby environmental bodies which are additionally catalyzing the demand from the municipalities across the globe.
Industry Major Market Companies:
- Suez Environment S.A.
- Mitsubishi Heavy Industries Ltd
- C&G Environmental Protection Holdings
- Construction Industrielles de la Mediterranee (CNIM)
- Waste Management Inc.
- Babcock & Wilcox Enterprises Inv.
- A2A SpA
- Veolia Environnement SA
- Hitachi Zosen Corp
- China Everbright International Limited
- China Jinjiang Environment Holding Company Limited
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Moreover, governments of different countries are supporting and funding environment-sustaining solutions. With major investment in smart city projects, waste recycling and energy production are expected to play a vital role in achieving eco-friendly and sustainable objectives.
The thermal technology for waste to energy production is expected to continue its dominance over the period under study. The market dominance is mainly owing to the increasing development and advancements in gasification and incineration technologies. The thermal technology-based WTE is also expected to exhibit the highest growth in the foreseeable future.
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The report study further includes an in-depth analysis of industry players’ market shares and provides an overview of leading players’ market position in the waste to energy sector. Key strategic developments in the Waste to energy market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the waste to energy market are appropriately highlighted in the report.
Rising concern towards waste management and advancement in waste processing and energy harvesting technologies are expected to be the key factor driving the growth of the waste to energy market. Rising waste levels, increasing focus on sustainable urban living, and growing energy demand are further fueling the demand for sustainable environmental solutions.
Additionally, governments worldwide are funding environment-saving technologies to reduce the environmental damage caused by the rising level of waste worldwide.
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The waste to energy market research report delivers an acute valuation and taxonomy of the waste to energy industry by practically splitting the market based on technology and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
The waste to energy market is segmented based on technology and region. On the basis of technology segmentation, the market is classified into thermal and biological.
Regionally, Europe is expected to lead the global waste to energy market with Germany, France, and Switzerland contributing the highest in the region. The Asia Pacific region is expected to exhibit the highest growth during the forecast period. The demand from major economies in the region such as China, Japan, and India is expected to be the primary growth factor for the Asia Pacific region.
Browse the full “Waste To Energy Market By Technology (Thermal and Biological): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” report at https://www.fnfresearch.com/waste-to-energy-market-by-technology-thermal-and-1261
This report segments the global waste to energy market as follow:-
Global Waste to energy Market: By Technology Segmentation Analysis
Key Insights from Primary Research
- Wide-ranging interviews with CXO’s of the major companies operating in the global waste to energy market, the primary research concludes that the global waste to energy market to witness a substantial growth of nearly 7.2 % over the forecast period.
- In the year 2019, the market was valued at USD 17940.4 million, 2019 and is expected to be valued at over USD 29187.5 million.
- On the basis of the technology segment, thermal WTE technology dominated the global waste to energy market in 2019. The thermal technology market is also expected to exhibit the highest growth rate over the forecast period.
- Asia Pacific market is expected to be the fastest-growing region for waste to energy over the forecast period. The primary growth factor in the region is the rising investment in smart city projects and strengthening economies in the region. The European region is expected to dominate the global market in terms of revenue.
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