(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Nov 08, 2021, 00:02 /Comserve / -- The Global Waste to Energy Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Waste to Energy market which consists
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The Global Waste to Energy Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Waste to Energy market which consists of key statistics such as global, region-wise and country-wise market size, market forecast, CAGR market segmentation, market share of various technologies, types of waste, etc.
Global Waste to Energy Market Outlook
According to MarkNtel Advisors' market research report titled“Global Waste to Energy Market Analysis, 2020”, the market size of Waste to Energy market across the globe is forecast to grow at the CAGR of around 6% during 2020-25. The major key factors contributing to the market growth of Waste to the Energy market are the emerging need for lowering the volume of waste generated from the municipal, industrial, and agriculture sectors. Along with this, rising urbanization, rapid industrialization, and surging population across the globe would augment the waste generation, thus boosting the impending need for energy in the market.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Waste to Energy Market Research Report Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast, Top Companies 2020
Therefore, this is projected to promulgate the growth of waste to the energy market in the coming years. The governments across various countries announced their strategies for the optimum use of non-fossil fuel energy sources, due to which the market size of Waste to the Energy market can further increase. Furthermore, the escalating number of Waste to Energy plants in the developing countries is contributing to the expanding market size of Waste to the Energy market.
Asia-Pacific to Register Highest CAGR During Forecast Period
Europe, being a mature market for the development of Waste to Energy solutions, acquired the major market share in 2019. As of 2019, the region had around 500 waste to energy plants which convert the millions of tons wastage into energy. Moreover, the technological upgradation in the waste to energy solutions would contribute to the increasing market share of the region.
However, the APAC is expected to witness a robust growth during 2020-25 owing to the increasing investment in R&D by the countries such as China and Japan for the treatment of municipal solid waste. Also, the government's aim to reduce carbon footprints in energy production and to stop the usage of coal in the power generation mix would actively contribute to the increasing market size of Waste to Energy market in the forecast period of 2020-25.
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Waste to Energy Market Research Report Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast, Top Companies 2020
Thermal Technology to Dominate Market During 2020-25
In 2019, the thermal technology dominated the Global Waste to the Energy market and is expected to continue its dominance in the forthcoming years owing to the increasing volume of waste due to rapid urbanization and industrialization. However, pyrolysis and gasification technology is expected to acquire a significant market share in the Thermal Technology market owing to the increasing demand for incineration technology in the developing countries.
In 2019, the municipal sector acquired the major market share on account of the surging volume of waste generated from the residential and commercial sectors. As of 2018, around 20.01 bn metric tons of municipal solid waste were produced every year, as per the World Bank. Also, the government in India announced the expansion of its waste-to-energy program with an investment worth USD 55 million to municipal waste and a target of 200MW.
Moreover, the market share of the agriculture and industrial sector can also increase due to rapid industrialization and emerging technologies in the agriculture sector. It is estimated that the global waste generation would increase by 3.40 billion metric tons by 2050 in comparison to 2018. Thus, the market share for the agriculture and industrial sector is expected to increase during 2020-25 as well, as stated in the MarkNtel Advisors' market research report“Global Waste to Energy Market Analysis, 2020”.
According to MarkNtel Advisors, the availability of numerous local and foreign players in regions makes the global industry highly competitive. The key players with a considerable share in the industry are Mitsubishi Heavy Industries, Waste Management, A2A, Veolia Environment, Hitachi Zosen Corp, China Everbright International, Ecocorp, and Emery Energy Company, among others.
Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Waste to Energy Industry?
2. What are the region-wise industry size, growth drivers and challenges, and key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations, growth drivers, and challenges Global Waste to Energy market?
4. Who are the key competitors or market players and how they perform in Global Waste to Energy Industry benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Global Waste to Energy market study?
TABLE OF CONTENT
1. Introduction
1.1. Research Process
1.2. Technology Overview
1.3. Market Segmentation
1.4. Assumptions
2. Glossary
3. Executive Summary
4. Expert Verbatim- What our Experts Say?
5. Global Waste to Energy Industry Overview
6. Global Waste to Energy Market Outlook, 2015-2025F
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