Emerging Digitalization Encouraged WTE Industry to Witness Growth with Steady CAGR of 6% By 2030

One of the leading consulting, data analytics, and market research firm, Markntel Advisors, published a recent report titled, "Global Waste to Energy Market Research Report: Forecast (2024-2030)". The market is predicted to grow significantly in the coming years. According to the report, the Global Waste to Energy Market size was valued at USD 41 billion in 2023 and is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2024-30. The predicted growth is primarily driven by the integration of innovation in the upgradation of green technology. This is the reason, the government is majorly emphasizing strict regulation to initiate and incorporate digitalization in waste-to-energy technology for producing energy. This supports the lucrative growth of the waste-to-energy market across the global level.

Who are the Main Competitors Driving the Global Waste to Energy Market Forward?

Major companies operating in the industry are Suez Environment S.A, Veolia Environment, C&G Limited, Waste Management Inc., Keppel Seghers, Babcock & Wilcox Co., Covanta Energy Corporation, ADI Systems Inc., Hitachi Zosen Inova AG, Xcel Energy Inc., Abu Dhabi National Energy Company PJSC, MVV Energie AG, China Jinjiang Environment Holding Co Ltd, A2A SpA,, Martin GmbH, China Everbright International Limited, Mitsubishi Heavy Industries Ltd, Shandong Wheelabrator Technologies Inc., Constructions Industrielles de la Mediterranee, Foster Wheeler A.G., and others

How Drivers Are Shaping the Future of the Global Waste to Energy Industry Size?

Biofuel is produced by altering biomass and other wastes (agricultural residues, feedstock, and food waste) into productive energy such as biogas or bioethanol. The availability of such wastes influx the requirements for biofuels, promoting waste-to-energy as a feasible and sustainable option. These biofuels are a substitute and renewable sources of energy, which facilitate reducing the reliance on fossil fuels. This seeks comprehensive attention from the large population and therefore drives market growth.

What is the Segmentation of the Global Waste to Energy Market?

The Global waste-to-energy market covered in this report is segmented –

• By technology: Thermal (Incineration, Pyrolysis, Gasification), Biological, and Physical
• By Type of Waste: Municipal Waste, Agricultural Waste, Industrial Waste, and Others
• By Region: South America, North America, Asia-Pacific, Europe, and the Middle East and Africa

What is the Waste to Energy Industry Definition?

Waste-to-Energy (WTE), also known as energy from waste is the process of generating energy in the form of electricity or heat using thermochemical and biochemical technologies through urban wastes. It provides two major benefits— sustainable waste management & disposal and clean power generation.

Frequently Asked Questions (FAQs)-

1. What is the expected CAGR value of the Global Waste to Energy Market during the forecast period?
2. What are the trends influencing the current scenario of the Global Waste to Energy market?
3. What key factors would propel and impede the Tire industry across the Country?
4. How has the industry been evolving in terms of geography & Global Waste to Energy adoption?
5. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
6. Which is the Leading Deployment segment in the Global Waste to Energy market?

Jack Daniel Email: sales@marknteladvisors.com Phone: +1 628 895 8081 +91 120 4268433.