According to World Bank estimates, the world’s waste generation is projected to nearly double in volume by 2025 to reach 6 Mn tons of waste per day. The Organization for Economic Co-operation and Development (OECD) member economies accounted for approximately half of the world’s waste in 2016. However, waste generation is primarily expected to be driven by emerging economies in Latin America and the Asia Pacific in near future due to growing consumption of plastics across applications such as packaging, construction and consumer goods. Also, growth in developing economies’ waste production is expected to have a positive impact on waste to energy market as governments introduce new policy. The government of India’s target for sustainable energy generation of 175 GW by 2022 will include 10 GW capacity from waste to energy facilities.
The article cited AMA's "Global Waste to Energy Market Study" explored CAGR of 8.25%. According to the report, Demand For Constant Technological Advancements In Waste To Energy Conversion Methods is one of the primary growth factors for the market. Increasing Demand For Conversion Of Energy By Solid And Municipal Waste By Safe And Environmental Friendly Waste Disposal Methods is also expected to contribute significantly to the Waste to Energy market. Overall, Power Plant
applications of Waste to Energy, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Technology, such as Thermal, is boosting the Waste to Energy market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End-User, such as Commercial, is boosting the Waste to Energy market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Waste to Energy market identified that the demand is rising in many different parts of the world as "Growing Power Consumption Worldwide and Focus on Renewable Power Sources".
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Waste to Energy market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Waste to Energy market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Waste to Energy market size is calculated using market estimation process, the Waste to Energy market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Waste to Energy market size has been validated using both top-down and bottom-up approaches.