Waste-To-Energy Market is anticipated to reach USD 25.3 billion at a CAGR of 7.8% during the forecasting period to 2028. Waste-to-energy technologies are capable of converting the energy content of different types of waste into several forms of valuable energy. Power can be produced and disseminated through local and national grid systems.
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Heat can be generated both at high and low temperatures and then disseminated for district heating purposes or utilized for specific thermodynamic processes. Several types of biofuels can be extracted from the organic fractions of waste, in order to be then refined and sold on the market. Growing population, increased urbanization rates, and economic growth are dramatically changing the landscape of domestic solid waste in terms of generation rates, waste composition, and treatment technologies
Key players in global waste-to-energy market:
· Wheelabrator,
· Hitachi Zosen,
· Keppel Seghers,
· Foster Wheeler,
· Xcel Energy,
· Mitsubishi Heavy Industries,
· Plasco Energy,
· China Everbright International, and
· Green Conversion Systems Veolia Environment, among others.
Key Findings
· The global waste-to-energy market is segmented into technology and geography
· The technology segment is segmented into thermal and biological
· On the basis of technology, the thermal segment is expected to dominate the market for the waste-to-energy market during the forecast period 2020-2028
· Geographically, the global waste-to-energy market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions.
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Recent Developments
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
In 2020, Indonesia has planned to set up 12 WTE plants, starting with auctions for three WTE projects one in the West Java capital of Bandung and two more in Banten -- Tangerang and South Tangerang
Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.
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