The global waste to energy market was valued at $35.1 billion in 2019, and is projected to reach $50.1 billion by 2027, growing at a CAGR of 4.6% from 2020 to 2027.
The waste to energy production technologies elaborates as the production of energy from waste material. This energy is considered as pure as well as renewable and the waste to energy production technologies is proposed to serve the municipal corporation in minimizing the waste and the emission from the waste.
The outbreak of pandemic has disturbed the worldwide economy by halting the operations of main industries like recycling waste industries and energy generating industries. The industries are being kept shut or functioned under restricted environments like less employees and working times, So The COVID-19 resulted in shortage of labor and raw materials in the industry.
The quantity of waste collected throughout the world is a worry of the world population leading to global warming at a shocking rate. Therefore, making Waste to Energy is an essential industry in today’s world. Currently, Europe is the key player in the waste to energy market. Other regions like Asia-Pacific, North America, and Latin America are providing many market opportunities to main players. Asia-Pacific is expected to be the fastest increasing region in the waste to energy market.
In September 2019, Mitsubishi Heavy Industries Thermal Systems, Ltd., a group company of Mitsubishi Heavy Industries Ltd., entered into a joint venture with State Grid Energy Conservation Service Co., to perform services of technical consulting for energy conservation investment projects in China.
In December 2020 - On this day Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), is a part of Mitsubishi Heavy Industries (MHI) Group, has formally settled a contract with the Kashima Regional Administration Association in Ibaraki Prefecture to build and design a combustible waste management facility and has planned for construction in Kamisu city.
Recently Wheelabrator has collaborated with Verus Energy Limited in the regions of West Midlands Vicinity (UK) and has produced electricity by converting more than 400000 garbage disposals from landfills and household waste to energy consumed by more than 70000 houses in the area.
Key players in Waste to Energy Market are Suez, Hitachi Zosen Inova AG, China Everbright International Limited, Covanta, Waste Management Inc., Veolia, Mitsubishi Heavy Industries Ltd, Xcel Energy Inc., Ramboll Group A/S, and Babcock & Wilcox Enterprises, Inc.
The waste to energy production technologies elaborates as the production of energy from waste material. This energy is considered as pure as well as renewable and the waste to energy production technologies is proposed to serve the municipal corporation in minimizing the waste and the emission from the waste.
Impact of the COVID-19
The outbreak of pandemic has disturbed the worldwide economy by halting the operations of main industries like recycling waste industries and energy generating industries. The industries are being kept shut or functioned under restricted environments like less employees and working times, So The COVID-19 resulted in shortage of labor and raw materials in the industry.
Regional Analysis
The quantity of waste collected throughout the world is a worry of the world population leading to global warming at a shocking rate. Therefore, making Waste to Energy is an essential industry in today’s world. Currently, Europe is the key player in the waste to energy market. Other regions like Asia-Pacific, North America, and Latin America are providing many market opportunities to main players. Asia-Pacific is expected to be the fastest increasing region in the waste to energy market.
Key Development
In September 2019, Mitsubishi Heavy Industries Thermal Systems, Ltd., a group company of Mitsubishi Heavy Industries Ltd., entered into a joint venture with State Grid Energy Conservation Service Co., to perform services of technical consulting for energy conservation investment projects in China.
In December 2020 - On this day Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), is a part of Mitsubishi Heavy Industries (MHI) Group, has formally settled a contract with the Kashima Regional Administration Association in Ibaraki Prefecture to build and design a combustible waste management facility and has planned for construction in Kamisu city.
Recently Wheelabrator has collaborated with Verus Energy Limited in the regions of West Midlands Vicinity (UK) and has produced electricity by converting more than 400000 garbage disposals from landfills and household waste to energy consumed by more than 70000 houses in the area.
Key Players
Key players in Waste to Energy Market are Suez, Hitachi Zosen Inova AG, China Everbright International Limited, Covanta, Waste Management Inc., Veolia, Mitsubishi Heavy Industries Ltd, Xcel Energy Inc., Ramboll Group A/S, and Babcock & Wilcox Enterprises, Inc.
Market Taxonomy
By Technologies
- Thermal WTE Technology
- Biological WTE Technology
- Physical WTE Technology
By Waste Type
- Municipal Waste
- Process Waste
- Medical Waste
- Agriculture Waste
- Other Wastes
By Application
- Electricity
- Heat
- Combined Heat & Power Units
- Transport Fuels
- Other applications
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Frequently Asked Questions about the Waste to Energy Market
What is the estimated value of the Waste to Energy Market?
What is the growth rate of the Waste to Energy Market?
What is the forecasted size of the Waste to Energy Market?
Who are the key companies in the Waste to Energy Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | January 2022 |
| Forecast Period | 2017 - 2027 |
| Estimated Market Value ( USD | $ 35.1 billion |
| Forecasted Market Value ( USD | $ 50.1 billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
1 Introduction
2 Research Methodology
4 Waste to Energy Market Outlook
5 Waste to Energy Market, By Technologies
6 Waste to Energy Market, By Waste Type
7 Waste to Energy Market, By Application
8 Waste to Energy Market, By Region
9 North America Waste to Energy Market Analysis and Forecast (2021-2027)
10 Europe Waste to Energy Market Analysis and Forecast (2021-2027)
11 Asia Pacific Waste to Energy Market Analysis and Forecast (2021-2027)
12 Latin America Waste to Energy Market Analysis and Forecast (2021-2027)
13 Middle East Waste to Energy Market Analysis and Forecast (2021-2027)
14 Competitive Analysis
15 Company Profiles
Companies Mentioned
- Suez
- Hitachi Zosen Inova AG
- China Everbright International Limited
- Covanta
- Waste Management Inc.
- Veolia
- Mitsubishi Heavy Industries Ltd
- Xcel Energy Inc.
- Ramboll Group A/S
- Babcock & Wilcox Enterprises Inc
