The global waste to energy market is expected to grow at a CAGR of 5.2% during the forecast period. Owing to the rising energy demand, fast depletion of fossil fuels, and concern of pollution from traditional energy sources, the global energy industry shifted its focus toward waste-to-energy solutions. Governments of different countries are promoting measures and schemes to boost energy production from agriculture and industrial waste. Such factors are likely to boost the demand for the global waste-to-energy market during the forecast period. The Ministry of New and Renewable Energy has provided financial assistance, for generating energy from urban, industrial, and agriculture wasters/residues for setting up waste to energy plants. Nearly $0.13 million per 12000cum/day is provided for generating electricity from biogas, and nearly $0.51 million per 4800 KG/day is provided for generating electricity from BioCNG.
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Moreover, several key players have deployed waste to energy plants to reduce a significant amount of harmful emissions due to various factors such as avoidance of methane from landfills, offset of carbon dioxide from fossil fuel, and recovery of metals for recycling influence of waste to energy market. The higher cost of installation for setup of waste to energy plants especially the incineration plant, as it includes the cost of building, operating cost, and segregation cost is restraining the growth of the market. In addition, the energy produced by the plants may affect the health of the people and cause respiratory problems such as asthma, cancer, and other breathing problems.
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By Technology (Incineration, Pyrolysis, Gasification, Biological, and Others),
Market Players Outlook
The major companies operating in the global waste to energy market include Ramboll Group A/S, Waste Management, Inc, Veolia Environment SA, Suez Environment S.A., and China Everbright Environment Group Ltd. The market players are contributing significantly to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, new product launches, and partnerships, to stay competitive in the market. For instance, in July 2021, EQT Infrastructure acquired Covanta Holding Corp. With this acquisition, the company provides sustainable solutions to the growing waste challenge and supports the energy transition. Moreover, Covanta continued to differentiate its service offerings, with a major focus on innovation and sustainable energy.
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global waste to energy market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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