About Waste-to-Energy Technologies
Waste-to-energy or energy-from-waste is the process of generating energy in the form of electricity and/or heat from the primary treatment of waste or the processing of waste into a fuel source. Waste-to-energy technology includes fermentation, which can take biomass and create ethanol, using waste cellulosic or organic material Waste-to-Energy (or energy-from-waste) facilities provide a safe, technologically advanced means of waste disposal that reduces greenhouse gases, generates clean energy, and recycles metal. Waste-to-Energy (WTE) is widely recognized as a technology that can help mitigate climate change. Increasing accumulation of industrial waste coupled with rising awareness regarding eco-friendly fuels is driving the market for waste-to-energy technology.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Waste to energy technology is a fragmented market due to the presence of a large number of established competitors. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ahuja Green Technologies (India), Mini Mines Cleantech Solutions Pvt Ltd (India), AVG Green Tech (India), EQT AB (Sweden), Viridor (United Kingdom), Hitachi Zosen Inova AG (Switzerland), China Metallurgical Group (China), Hunan Junxin Environmental Protection (China), Ramboll Group (Denmark), Grand blue Environment Co., Ltd. (China), Veolia (France) and Wijster (Netherland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Waste-to-Energy Technologies market by Type (Thermal, Thermo-Chemical, Mechanical-Thermal and Biochemical), Application (Heat, Fuels and Electricity) and Region.
On the basis of geography, the market of Waste-to-Energy Technologies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Waste Type, the sub-segment i.e. Municipal Solid Waste (MSW) will boost the Waste-to-Energy Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Cellulosic will boost the Waste-to-Energy Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Industrial will boost the Waste-to-Energy Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in Reuse of production waste to create new products
Market Growth Drivers:
Increasing Urbanization and Industrialization
Challenges:
Environmental Risks Associated with Poor Conversion of Waste-to-Energy
Restraints:
Lack of Awareness About Waste Management
Opportunities:
Emerging new technologies such as Dendro liquid energy that treats waste biologically
Market Leaders and their expansionary development strategies
In February 2023, Viridor announced a formal offer to acquire Quantafuel ASA, for c. £90m and provide additional capital to support Quantafuel’s current development projects. Through this acquisition, the company aims to secure growth through a long-term financing solution in preparation for the large-scale roll-out of the next-generation Plastic-to-Liquid (PtL) plants, referred to as MK II.
In June 2020, Hitachi Zosen Inova’s Technology supported Moscow Region’s Waste Management. Hitachi Zosen Inova (HZI) and Russian consortium partner ZiO-Podolsk are to supply the entire technology for the new Energy from Waste plant in the Moscow region. The installation will process 700,000 metric tons of waste to generate 70 MW of electricity for the grid.
Key Target Audience
Biotechnological institutes, Government and private laboratories, Research and Development (R&D) companies, Medical research laboratories, Market research and consulting service providers, Government Agencies, End User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.