Waste To Energy Technology Market Scope
Waste-to-energy or energy-from-waste is the process of generating energy in the form of electricity and/or heat from the primary treatment of waste or the processing of waste into a fuel source. Waste-to-energy technology includes fermentation, which can take biomass and create ethanol, using waste cellulosic or organic material Waste-to-Energy (or energy-from-waste) facilities provide a safe, technologically advanced means of waste disposal that reduces greenhouse gases, generates clean energy, and recycles metal. Waste-to-Energy (WTE) is widely recognized as a technology that can help mitigate climate change. Increasing accumulation of industrial waste coupled with rising awareness regarding eco-friendly fuels is driving the market for waste-to-energy technology.
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|Key Companies Profiled||Ahuja Green Technologies (India), Mini Mines Cleantech Solutions Pvt Ltd (India), AVG Green Tech (India), EQT AB (Sweden), Viridor (United Kingdom), Hitachi Zosen Inova AG (Switzerland), China Metallurgical Group (China), Hunan Junxin Environmental Protection (China), Ramboll Group (Denmark), Grand blue Environment Co., Ltd. (China), Veolia (France) and Wijster (Netherland)|
Waste-to-energy technology is a fragmented market due to the presence of many established competitors. The market is highly competitive with a few layers occupying the major share. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge. Research Analyst at AMA estimates that European Players will contribute to the maximum growth of Global Waste To Energy Technology market throughout the predicted period.
Ahuja Green Technologies (India), Mini Mines Cleantech Solutions Pvt Ltd (India), AVG Green Tech (India), EQT AB (Sweden), Viridor (United Kingdom), Hitachi Zosen Inova AG (Switzerland), China Metallurgical Group (China), Hunan Junxin Environmental Protection (China), Ramboll Group (Denmark), Grand blue Environment Co., Ltd. (China), Veolia (France) and Wijster (Netherland) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Waste To Energy Technology market by Type , by Application (Heat, Fuels and Electricity) and Region with country level break-up.
On the basis of geography, the market of Waste To Energy Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn February 2023, Viridor announced a formal offer to acquire Quantafuel ASA, for c. £90m and provide additional capital to support Quantafuel’s current development projects. Through this acquisition, the company aims to secure growth through a long-term financing solution in preparation for the large-scale roll-out of the next-generation Plastic-to-Liquid (PtL) plants, referred to as MK
In June 2020, Hitachi Zosen Inova’s Technology supported Moscow Region’s Waste Management. Hitachi Zosen Inova (HZI) and Russian consortium partner ZiO-Podolsk are to supply the entire technology for the new Energy from Waste plant in the Moscow region. The installation will process 700,000 metric tons of waste to generate 70 MW of electricity for the grid.
Influencing Trend:Rise in Reuse of production waste to create new products
Market Growth Drivers:Increasing Urbanization and Industrialization
Challenges:Environmental Risks Associated with Poor Conversion of Waste-to-Energy
Restraints:Lack of Awareness About Waste Management
Opportunities:Emerging new technologies such as Dendro liquid energy that treats waste biologically
Key Target AudienceBiotechnological institutes, Government and private laboratories, Research and Development (R&D) companies, Medical research laboratories, Market research and consulting service providers, Government Agencies, End User Industry and Others