Energy from Waste Market Analysis:

Energy from Waste Market is projected to be worth USD 52.37 billion, registering a CAGR of 5.20% during the forecast period (2020 - 2030).

Rising government penalties on poorly managed waste in landfills and development of alternative energy production can drive the waste to energy processes. In addition, government and private enterprises’ initiatives for preserving their natural resources can bolster the market growth. However, lack of flexibility in handling wastes and regulatory bottlenecks are expected to hinder the market growth.

The COVID-19 pandemic can have a negative impact on the global market owing to the increasing use of disposable equipment and accessories to be used by medical professionals for containing the spread.  The challenge in handling solid and medical waste owing to the virus in large and medium cities can affect the waste-to-energy market owing to the dip in raw materials.

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Penetration of renewable energy Sources Boost Market Revenues

Energy is an important aspect of infrastructures essential for the economic growth and welfare of nations. The presence and development of adequate infrastructure are essential for the sustained growth of an economy. Worldwide governments initiate programs to encourage the setting up of biomass plants to generate electricity by disposing of agricultural waste in a carbon-neutral manner, tackling growing pollution concerns. 

Favorable government regulations to boost renewable sources for energy and development in technology have positively impacted the market growth. Additionally, improvements in technology have helped boost waste to energy performance. Climate change and the growing energy demand are expected to drive the waste to energy industry worldwide. Increasing developments of facilities utilizing household and commercial waste to generate electricity and feed into the national grid push the market growth. 

COVID-19 Impacts

The Energy from Waste Market revenues remained reassuringly robust even during the COVID-19 crises. Resultantly, the market has become more dynamic and constantly changing than in the pre-pandemic era. Simultaneously, the ability to respond to market changes became more important than ever in post-pandemic periods. 

Lockdowns implemented to control the virus spread fostered many trends, including industrial automation robotics, networked machines, and analytics. Therefore, the waste-to-energy market kept growing, witnessing the rising adoption of biopower solutions and equipment during the pandemic era.

Segmentation:

The market is segmented into technologies, verticals, and regions. The technology segment is sub-segmented into thermal technology and biological technology. The sub-segment thermal technology is bifurcated into incineration, pyrolysis, plasma-arc gasification, and others.

The sub-segment biological technology is bifurcated into methane capture, anaerobic digestion, fermentation, and others. The vertical segment is sub-segmented into public and private sectors. The region segment is sub-segmented into Europe, North America, Asia-Pacific, and the rest-of-the-world. 

Regional Segmentation

The Asia Pacific region accounts for the largest market in terms of the global Energy from Waste Market value. Rising consumer preference for the organic energy source or renewable source to manage changing environment boosts the region's Energy from Waste Market shares. Besides, increasing government initiatives to promote waste decomposition and convert it to usable energy offer significant market opportunities. 

Increasing demand for power generation through waste material and renewable energy sources boosts the Energy from Waste Market size. Additionally, favorable government regulations to increase integration of biopower and the boosting manufacturing sector across the region provide significant Energy from Waste Market growth opportunities.

Moreover, the increasing use of waste-to-energy solutions in various power generation and industrial applications and vast technological upgrades increase market size.

Several APAC countries are assessing alternate sources of energy to respond to rising environmental concerns, crude prices volatility, and restricted landfills. Waste to energy solves long-term environment challenges by reducing the amount of greenhouse gas emissions.

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Key Players:

Key players active in the market are Hitachi (Japan), A2A (Italy), Ramboll (Denmark), BlueFire Renewables (US), and Axpo Holding AG (Switzerland), among others.