Global Waste to Energy Market by Technology and Geography - Forecast and Analysis 2022-2026

The Waste-to-energy Market is projected to grow by USD 20.6 billion at a CAGR of 7.3% during the forecast period 2021 to 2026.

This waste-to-energy market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the waste-to-energy market segmentation by technology (thermal and biological) and geography (Europe, APAC, North America, the Middle East and Africa, and South America). The waste-to-energy market report also offers information on several market vendors, including Babcock & Wilcox Enterprises Inc., Biffa Plc, China Everbright Environment Group Ltd., CNIM SA, Covanta Holding Corp., Electricite de France SA, EVOQUA WATER TECHNOLOGIES CORP., Fulcrum BioEnergy Inc., Hitachi Zosen Corp., John Wood Group PLC, Keppel Corp., Mitsubishi Heavy Industries Ltd., MVV Energie AG, Ramboll Group AS, SUEZ SA, Veolia Environment SA, Waste Management Inc., Wheelabrator Technologies Holdings Inc., and Xcel Energy Inc. among others.

What will the waste-to-energy Market Size be During the Forecast Period?

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Waste-to-energy Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the global waste-to-energy market.

Key waste-to-energy Market Driver

Rising investments in waste-to-energy plants are a key factor driving the global waste-to-energy market growth. The increasing focus on fighting climate change and making manufacturing, waste management, and industrial processes cleaner and greener has led to the need for stringent waste-to-energy solutions worldwide. The need to manage the rising generation of MSW is encouraging market vendors to invest in waste-to-energy solutions. Vendors are increasingly investing in the market in focus encouraged by the additional benefits, such as the generation of alternative sources of energy, increasing awareness about the environmental implications of waste generation, and the need to limit the negative impact of the waste that is generated worldwide. Factors such as the need for waste management and the increasing awareness of the negative impact of waste on the environment are leading to a rise in investments in the market in focus, which will have a positive impact on the global waste-to-energy market during the forecast period.

Key waste-to-energy Market Trend

The rising number of strategic partnerships and alliances will fuel the global waste-to-energy market growth. The high growth potential of the global waste-to-energy market is encouraging vendors to enter into strategic partnerships and focus on expanding their customer base and footprint to capitalize on the growth opportunities. Therefore, vendors in the market are entering into strategic partnerships and alliances to provide high-quality waste-to-energy services. This is resulting in a rise in the number of partnerships and strategic alliances between market participants. Thus, the increasing number of partnerships in the global waste-to-energy market is expected to accelerate the growth of the global waste-to-energy market during the forecast period.

Key waste-to-energy Market Challenge

The high operating and maintenance costs of waste-to-energy plants are a major challenge to the global waste-to-energy market growth. Waste-to-energy technologies such as incineration are widely adopted across different regions. However, incineration plants require substantial capital investments and involve high operating and maintenance costs. The costs vary depending on the plant size, local infrastructural conditions, design, energy utilization capacity, and waste disposal amenities. As a result, incineration requires investments from foreign companies in establishing the treatment facility and for the initial setup and maintenance of the operating cycle and spare parts, which will subsequently be required. Moreover, the operation of an incineration plant requires skilled staff. Hence, most of these plants are maintained by the vendors themselves during the initial period and then are handed over to the client after a certain period of time. Hence, the costs and complexities involved in MSW treatment processes, including landfilling and incineration, may limit the adoption of efficient waste-to-energy processes, thus restricting the growth of the global waste-to-energy market during the forecast period.

This waste-to-energy market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global waste-to-energy market as a part of the global environmental and facilities services market within the global industrial market. Our research report has extensively covered the external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the waste-to-energy market during the forecast period.

Who are the Major waste-to-energy Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Babcock & Wilcox Enterprises Inc.
• Biffa Plc
• China Everbright Environment Group Ltd.
• CNIM SA
• Covanta Holding Corp.
• Electricite de France SA
• EVOQUA WATER TECHNOLOGIES CORP.
• Fulcrum BioEnergy Inc.
• Hitachi Zosen Corp.
• John Wood Group PLC
• Keppel Corp.
• Mitsubishi Heavy Industries Ltd.
• MVV Energie AG
• Ramboll Group AS
• SUEZ SA
• Veolia Environment SA
• Waste Management Inc.
• Wheelabrator Technologies Holdings Inc.
• Xcel Energy Inc.

This statistical study of the waste-to-energy market encompasses successful business strategies deployed by the key vendors. The waste-to-energy market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• babcock.com - The company offers solutions for waste to energy using two options; the first one is where the waste is used as a combustion fuel by mass burning; in this, the municipal solid waste uses the refuse in its as-received, unprepared state. The second technique uses prepared refuse, or refuse-derived fuel (RDF), where the as-received refuse is first separated, classified and reclaimed.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

waste-to-energy Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the waste-to-energy market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global industrial market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for the waste-to-energy Market?

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44% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for the waste-to-energy market in Europe. Market growth in this region will be slower than the growth of the market in other regions.

The rising investments in waste-to-energy plants will facilitate the waste-to-energy market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 adversely affected the demand for waste to energy from end-user industries, such as chemicals, automobiles, and food beverage. Stringent lockdowns were imposed in Europe due to the increasing number of COVID-19 cases, which resulted in the closure of manufacturing industries, thus reducing the demand for energy. All these factors negatively affected the growth of the waste-to-energy market in Europe in 2020. However, the lockdowns were lifted in the second half of 2020 due to the initiation of vaccination drives in Europe, which resulted in the resumption of operations in manufacturing industries. With the increasing operations in industries, the demand for waste-to-energy systems has also been increasing to conserve loss of energy. Thus, all these factors will drive the growth of the waste-to-energy market in Europe during the forecast period.

What are the Revenue-generating Technology Segments in the waste-to-energy Market?

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The waste-to-energy market share growth by the thermal segment will be significant during the forecast period. Thermal waste-to-energy technology is a conventional method of producing energy from waste. It offers a solution for the treatment of non-reusable and non-recyclable waste, i.e., municipal solid waste (MSW), at high temperatures in an economical and environment-friendly way. Thermal treatment reduces the mass and volume of the waste and prevents hazardous chemicals/gases from being released into the atmosphere by simultaneously using them to generate electricity, heat, and thermal energy. The energy produced can then be used for industrial processing and district heating systems. Thermal waste-to-energy plants burn waste at high temperatures and use this heat to produce steam. This steam is used for electricity generation using turbines. The three major processes used in thermal waste-to-energy technology include the combustion or incineration method in excess air, the gasification method in reduced air, and the pyrolysis method in the absence of air. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the waste-to-energy market size and actionable market insights on the post-COVID-19 impact on each segment.

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What are the Key Data Covered in this waste-to-energy Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive waste-to-energy market growth during the next five years
• Precise estimation of the waste-to-energy market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the waste-to-energy industry across Europe, APAC, North America, the Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of waste-to-energy market vendors

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