Waste to Energy Market worth over $70 Bn by 2030

Waste to Energy Market size is set to surpass USD 70 billion by 2030, according to a new research report by Global Market Insights Inc.
 

The market growth is credited to the rising efforts by regional governments and regulatory bodies to deploy efficient waste management solutions across the globe. The soaring energy demand from residential buildings will fuel the requirement for effective power generation technologies, thereby driving the technology penetration. In addition, growing concerns toward the carbon footprint of utilities and power generation industries will compel policymakers to deploy green technologies including renewables, which will further generate growth opportunities for waste to energy systems in the coming years.
 

Ongoing advancements in waste treatment technologies will propel the industry growth from thermal technologies

Thermal technology segment in the waste to energy market is predicted to observe a 6.9% growth rate till 2030 on account of changing technological environment across the waste management industry. Key players across the industry are investing extensively in R&D activities to innovate their WTE technologies to increase efficiency and reduce associated costs. Furthermore, the availability of modernized incineration technology to replace traditional units will drive the market expansion.
 

Browse key industry insights spread across 190 pages with 152 market data tables & 30 figures & charts from the report, “Waste to Energy (WTE) Market Size By Technology (Biological, Thermal {Incineration, Pyrolysis & Gasification}), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2030”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/waste-to-energy-wte-market
 

Stringent regulations pertaining to effective municipal and industrial waste management

North America waste to energy market is poised to register a 7% CAGR through 2030. The increasing investments toward establishments of commercial buildings including retail stores, restaurants, hospitals, and offices has driven the waste generation thereby, creating a favorable growth scenario for waste to energy technology. Various waste management practices have been gaining wide recognition across the region owing to the strict regulatory framework for waste treatment coupled with ongoing advancements in the technologies associated with the industry.
 

Rising public awareness toward better waste management to reduce health issues from improper treatment of waste is another major driver for technology adoption across the region. Moreover, increasing energy demand from the commercial & industrial sectors along with stringent emission norms imposed by policymakers will further proliferate the industry landscape across the region.
 

Acquisitions, technological advancements, and joint ventures are a few of the key strategies opted by the major players to gain a competitive advantage in the market

Eminent participants operating in the waste to energy market include Biffa, Sims Limited, Stericycle, Recology, Waste Connections, WM Intellectual Property Holdings, Xcel Energy, Velocys, JANSEN Combustion, and Boiler Technologies, Veolia, Wheelabrator Technologies, SUEZ, OMNI Conversion Technologies, Keppel Seghers, Hitachi Zosen Inova AG, China Everbright Environment Group and Covanta Holding Corporation. These leaders are opting for various strategic implications including joint ventures, strategic collaborations, and acquisitions amongst others to gain a major share in the industry. Key manufacturers are investing in R&D activities to develop innovative technologies and gain a competitive edge over other player.