Waste to Energy Market Report 2024-2034 - Available Land Space for Landfilling Is Diminishing, Necessitating Alternative Waste Management Solutions

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Dec 21, 2023, 06:15 ET

DUBLIN, Dec. 21, 2023 /PRNewswire/ -- The "Waste to Energy (WtE) Market Report 2024-2034" has been added to ResearchAndMarkets.com's offering.

Revenue for Waste-to-Energy (WtE) Market is forecast to surpass US$23.9 billion in 2024, with strong revenue growth through to 2034.

Exponential Growth in Global Population and Urbanisation Has Increased Waste Generation

The exponential growth in global population and urbanisation has led to a substantial surge in waste generation, necessitating advanced waste management solutions. Urban areas, in particular, face significant challenges in handling the escalating volumes of municipal solid waste. Waste to energy emerges as a critical market driver, offering a sustainable approach to address the mounting waste crisis. For instance, Tokyo, one of the world's largest and most densely populated cities, generates approximately 12,500 tons of waste per day. To manage this colossal waste output efficiently, Tokyo has invested in waste to energy facilities, converting a substantial portion of its waste into electricity, thereby addressing both waste disposal challenges and contributing to the city's energy needs.

Stringent Environmental Regulations

Governments worldwide are enacting stringent environmental regulations to combat climate change and promote sustainable practices. These regulations focus on reducing greenhouse gas emissions and encourage the adoption of cleaner energy alternatives, driving the waste to energy market. The European Union's waste incineration directive exemplifies this trend. This directive establishes strict guidelines for the safe and environmentally responsible use of waste to energy technologies. For instance, countries like Germany have implemented advanced flue gas cleaning systems in waste to energy plants to comply with these regulations, ensuring that the environmental impact of waste incineration is minimised.

Key Market Dynamics

Market Driving Factors

The Global Municipal Waste Destined for Waste-To-Energy (WtE) Facilities is Experiencing an Upsurge in Volume
The Available Land Space for Landfilling Is Diminishing, Necessitating Alternative Waste Management Solutions
Increased Financial Support from Governmental Entities Is Promoting Initiatives Aimed at Addressing the Issue of Escalating Waste Generation

Market Restraining Factors

The Expansion of Waste-to-Energy (WtE) Facilities in the Countries has Faced Notable Slowdowns Due to Environmental Opposition
Waste Incineration Remains an Uncommon Practice in Developing Countries, Posing a Challenge for Market
The Cost-Intensive Nature of Equipment, Particularly Incinerators, Presents a Significant Financial Barrier to Implementation

Market Opportunities

Opportunities in the Growing Demand for WtE Plants
The Annual Volume of Waste Generated in Asian Countries Is on the Rise, Offering a Potential Market for WtE Solutions
National Governments are Increasingly Collaborating with Waste-to-Energy Companies

Forecasts to 2034 and other analyses reveal commercial prospects

In addition to revenue forecasting to 2034, the new study provides you with recent results, growth rates, and market shares.
You will find original analyses, with business outlooks and developments.
Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising waste-to-energy (WtE) prices and recent developments.

Segments Covered in the Report

Market Segment by

Market Value
CAPEX
Energy Generation
Capacity
No. of Plant Units

Market Segment by Plant Status

Operational WtE Plants
Under Construction WtE Plants

Market Segment by Technology

Direct Combustion (Mass Burn and RDF)
Plasma Arc Gasification
Conventional Gasification
Pyrolysis WtE
Chemical Treatment
Biological Treatment

Market Segment by End-Use

Electricity Generation
Steam Exports
Combined Heat and Power (CHP)
Syngas
Refuse-derived fuel (RDF))

Leading companies profiled in the report

Abu Dhabi National Energy Company
Babcock & Wilcox Enterprises
C&G Environmental Protection Holdings
Covanta Holding
Foster Wheeler
Hitachi
Keppel Seghers Engineering Singapore
Martin Environmental Services
Mitsubishi Heavy Industries Environmental & Chemical Engineering
Ramboll Group
Suez
Veolia Environmental Services
Viridor Waste Management
Waste Management
Wheelabrator Technologies

For more information about this report visit https://www.researchandmarkets.com/r/7zfu7n

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