This Waste-to-Energy Technologies Market Is Likely to Experience a Tremendous Growth by 2029 research report focuses more on a number of distinctive as well as foremost market sectors.
Waste-to-energy technologies market is anticipated to grow at a CAGR of 5.8% during the forecast period. The market growth is attributed to factors such as the increasing waste generation, stringent waste management regulations and technological advancements.
Governments and environmental agencies across the globe are implementing stringent regulations and policies to reduce landfill waste and promote sustainable waste management practices. According to the US Energy Information Administration (EIA), municipal solid waste (MSW) is usually burned at special waste-to-energy plants that use the heat from the fire to make steam for generating electricity or to heat buildings.
In 2021, 64 U.S. power plants generated about 13.6 billion kilowatt-hours of electricity from burning about 28 million tons of combustible MSW for electricity generation. Biomass materials accounted for about 61% of the weight of combustible MSW and for about 45% of the electricity generated.
The remainder of the combustible MSW was no biomass combustible material, mainly plastics. Many large landfills also generate electricity by using the methane gas that is produced from decomposing biomass in landfills.
Many countries use waste-to-energy plants to capture the energy in MSW. The use of waste-to-energy plants in some European countries and in Japan is relatively high, in part because those countries have little open space for landfills.
The global waste-to-energy technologies market is segmented based on the application, technology, and waste type. Based on the application, the market is segmented into electricity and heat.
Based on technology, the market is sub-segmented into thermochemical and biochemical. Further, based on waste type, the market is segmented into MSW, process waste, agricultural waste, and others).
Among the application segment, the electricity sub-segment is expected to hold a prominent share of the global market owing to the growing demand for the electricity as it is being used for sustainable development globally.
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Market Coverage
- Market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-20
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Market Segmentation
By Application
- Electricity
- Heat
By Technology
- Thermochemical
- Biochemical
By Waste Type
- Municipal Solid Waste
- Process Waste
- Agricultural Waste
- Others
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Regional Analysis
North America
- · United States
- · Canada
Europe
- · UK
- · Germany
- · Spain
- · France
- · Italy
- · Rest of Europe
Asia-Pacific
- · India
- · China
- · Japan
- · South Korea
- · Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- China Jinjiang Environment Holding Co. Ltd
- Hitachi Zosen Corp
- MVV Energie AG
- Martin GmbH
- Veolia Environnement SA
- Mitsubishi Heavy Industries Ltd
- Waste Management Inc.
- Suez Group
- Martin GmbH
- Xcel Energy Inc.
- A2A S.p.A.
- China Everbright Limited
- Wheelabrator Technologies Holdings Inc.
- Covanta Holding Corp.
- Plasco Energy Group Inc
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