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Waste-to-Energy Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2028F, Segmented By Technology (Thermochemical, Biochemical), By Waste Type (Municipal Solid Waste, Process Waste, Agricultural waste, and Others), By Application (Electricity, Heat), By Region and Competition


Published on: 2024-12-07 | No of Pages : 320 | Industry : Power

Publisher : MIR | Format : PDF&Excel

Waste-to-Energy Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2028F, Segmented By Technology (Thermochemical, Biochemical), By Waste Type (Municipal Solid Waste, Process Waste, Agricultural waste, and Others), By Application (Electricity, Heat), By Region and Competition

Global Waste-to-Energy Market

Municipal solid waste (MSW) is a mix of items with high energy content, including paper, plastic, yard trash, and wood-based products. For example, in the US, 85 pounds of every 100 pounds of MSW can be burned as fuel to produce power. Waste-to-energy facilities transform 2,000 pounds of garbage to ash that weighs between 300 and 600 pounds, resulting in an 87% reduction in waste volume.

The process of recovering energy and the method of producing energy in the form of heat or electricity from the initial treatment of trash are known as waste to energy (WtE). The majority of WtE processes either generate a combustible fuel commodity, such as methanol, methane, synthetic fuels, or ethanol, or produce heat or electricity directly through thermal combustion.

Government regulations that are strict in response to rising greenhouse gas emissions spur the development of green technology. Along with the introduction of Waste-to-Energy technology, governments all over the world are spending money on renewable energy sources to lessen their reliance on fossil fuels. Additionally, advantageous incentives and programmes have been implemented in every region to encourage efficient garbage collection and processing, generating a large growth potential for the waste to energy business as it might assist in launching the right technology for energy production.

The standard of best practise is the development of organised uniform streams of trash at the source, opportunities for dispersed recycling and upcycling activities. As a result, increased community involvement in waste collecting and trading of these sorted items is made possible through digitalization.

To ensure efficiency and minimal human operation, waste management facilities equipped with a Programmable Logic Controller (PLC) and Supervisory Control and Data Acquisition (SCADA) monitoring system can be automatically monitored and operated from a centralised control station. As a result, the use of digital technologies in garbage collection and disposal operations will supply information and enhance data quality and give process operators better insights into a waste stream.

Waste management continues to be a big issue in many developed nations. Agriculture, governmental, and industrial operations produce more than a billion tonnes of garbage. By implementing WtE strategies, numerous industries all over the world are focusing on lowering energy usage to cut costs. Techniques for converting waste into energy, such as thermochemicals, can assist end users in changing waste management to create revenue-generating opportunities for a variety of applications, including food processing, dairy farming, and wastewater treatment industries. By using chemical reactions, the procedures turn solid and liquid waste into syngas. Throughsyngas items like electricity and gas fuel can be converted into useful process.

By using them as fuel for gasifiers and converting them into useful energy and heat, the solid waste produced through such a process is no longer unusable, which lowers the cost of disposal and landfilling space. Additionally, around 40% of the electricity used in various dairy farms is used for heating activities. As a result, the magnetism of effective technologies, including the creation of electricity from trash, is projected to fuel waste growth in the Waste-to-Energy industry during the projection period.

Economic growth, rising industry, and urbanisation lead to waste production, environmental hazards, and carbon dioxide (CO2) emissions. Due to widespread changes in people's dietary habits, commercial and residential trash generation has considerably increased. Waste to energy can help achieve the transition to a sustainable energy ecosystem by serving as a clean demand response option, an energy source to lower greenhouse gas (GHG) emissions, a factor in the design of eco-industrial parks, and occasionally the only method for treating end-of-life waste.

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Market Segmentation

Global

Market player

Major players in the

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Technology

Waste Type

Application

Regional scope

North America, Asia-Pacific, Europe, South America, Middle East & Africa

Country scope

United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Germany, United Kingdom, France, Spain, Italy, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE

Key companies profiled

Veolia Environnement SA, Hitachi Zosen Corporation, Wheelabrator Technologies Holdings Inc., Babcock & Wilcox Enterprises, Inc., Mitsubishi Heavy Industries Ltd, Waste Management Inc., Covanta Holding Corp., China Everbright Group

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

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Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )