Waste-to-Energy Market to Achieve 7% CAGR by 2025; Preference for Thermal Conversion Intact: Fairfield Market Research
/EIN News/ -- LONDON, May 30, 2022 (GLOBE NEWSWIRE) -- An ascending energy demand, and contrastingly diminishing conventional energy resources drive the need for converting waste to energy as an alternative route to energy generation. Surpassing the valuation of US$25.7 Bn in 2020, the global waste-to-energy (WtE) market is poised for strong growth prospects between 2021 and 2025. The latest report of Fairfield Market Research opines that the market will continue to flourish in future as the renewables sector remains in the spotlight.
Key Highlights
- Global daily waste generation volume is likely to reach around 6 MT by 2025 end
- Waste-to-energy market is projected for a robust CAGR of more than 7% over the period of assessment
- Role of governments will remain crucial in the build-up of waste-to-energy market
Looking For a Sample Copy of This Report? Request the Same Here: https://www.fairfieldmarketresearch.com/report/waste-to-energy-wte-market/request-sample
Tightening Regulatory Grip around MSW Management Benefits Market
Growing severity of concerns around landfills have added to the stringency of regulatory guidelines for municipal solid waste (MSW) management. The role of governments encouraging adoption of WtE route of energy generation in form of subsidies is likely to be instrumental to market expansion. With a greater number of municipalities worldwide considering waste-to-energy plant functionality to address waste generation concerns, the market is likely to tap into newer opportunities.
Thermal Conversion Sought-After
Thermal conversion is expected to remain preferred owing to its excellent ability to bring down waste weight by around 75%, and volume by almost 90%. Cost benefit is another advantage upholding adoption of incineration as a preferred WtE technology. However, considerably high initial capital investment remains an impediment to rapid market growth in addition to a constant threat in form of an economically more viable alternative, i.e., natural gas.
Do You Have Any Query or Specific Requirement? Request Customization of Report: https://www.fairfieldmarketresearch.com/report/waste-to-energy-wte-market/request-customization
Europe Leads in Terms of Installed WtE Capacity
The report reveals that Europe has been dominant in market in terms of waste-to-energy plants installed base, and the trend will continue through 2025. The region continues to gain from the government’s supportive regulatory framework. North America, led by the US, is also likely to be among the key markets based on rapidly growing installation of waste-to-energy plants across the region. Asia Pacific on the other side remains a highly attractive market as is witnessing increasing approvals for new waste-to-energy plant installations recently.
The key players are Suez Environment, Veolia, Covanta Holding Corporation, Keppel Corporation Limited, and China Everbright International Limited are the top players in global waste-to-energy market.
REPORT SCOPE & SEGMENTATION:
| REPORT FEATURES | DETAILS |
| Technology Coverage |
|
| Application Coverage |
|
| Geographical Coverage |
|
| Leading Companies |
|
| Report Highlights | Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2017-2019), Price Trend Analysis- 2019-2025, Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain) |
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
Contact
Fairfield Market Research
London, UK
UK +44 (0)20 30025888
USA (Toll-free) +1 (844) 3829746
Web: https://www.fairfieldmarketresearch.com/
Email: sales@fairfieldmarketresearch.com
Distribution channels: Culture, Society & Lifestyle, Science
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Submit your press release