According to RationalStat’s recent market analysis, the Global Waste-to-Energy Technologies Market value is estimated at US$ 31.1 billion in 2023 and is expected to rise at a strong CAGR of over 3.8% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
Waste-to-energy (WTE) technologies involve the conversion of various types of waste materials into energy, typically in the form of electricity or heat. These technologies aim to harness the energy content present in waste streams while minimizing environmental impact.
Many governments worldwide are implementing policies and regulations to encourage the adoption of renewable energy sources and sustainable waste management practices. Incentives, subsidies, and regulatory frameworks are driving the growth of the Waste-to-Energy technologies market.
According to a deep-dive market assessment by RationalStat, the global Waste-to-Energy Technologies market has been analyzed on the basis of market segments, including type, technology, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
Market intelligence for the global Waste-to-Energy Technologies market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
In addition, the long-term sector and products/services 10-year outlook and its implications on the global Waste-to-Energy Technologies market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
GlobalWaste-to-Energy Technologies Market: Segmental and Market Share Analysis
On the basis of type, municipal solid waste incineration segment held the majority of the market share. It is rising due to rapid industrialization.
On the basis of application, electricity segment accounted for a significant share of around 52% of the global market. Increasing infrastructure development activities is boosting the demand for electricity across the globe.
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global waste-to-energy technologies market include.
In April 2023, Egypt agreed to pay USD 120 million for the design, development, ownership, and management of the country's first solid waste-to-electricity project.
The Giza governorate and a partnership comprised of Renergy Egypt and the National Authority for Military Production signed the contract. The Abou Rawash, Giza plant would generate 1,200 metric tonnes of household solid trash per day as part of Egypt Vision 2030.
Some of the prominent players and suppliers operating and contributing significantly to the global waste-to-energy technologies market growth include Babcock & Wilcox Enterprises Inc., Ramboll Group AS, Veolia Group, Hitachi Zosen Inova AG, Suez Environnement, China Everbright International Limited, Covanta Holding Corporation, Amec Foster Wheeler PLC, and Abu Dhabi National Energy Company PJSC (Taqa), among others.
Global Bipolar Plates (Fuel Cell Component) Market - Global bipolar plates (fuel cell component) market is expected to reach a market value of US$ 4.1 billion in 2022 and is expected to grow at a significant CAGR of over 7.7% over the forecast period of 2023-2028.
Global Advanced Biofuels Market- Global advanced biofuels market is expected to grow at a CAGR of over 20% over the forecast period of 2022-2028.
Green Hydrogen Market- Green hydrogen market is expected to grow at a CAGR of 40 % during the forecast period of 2019-2028.
Global Clean Technology Market - Global Clean Technology Market is expected to grow at a CAGR of 5.2% over the forecast period of 2022-2028.
Global Electric School Bus Market- Global electric school bus market is estimated to witness a considerable growth rate of around 9% during the forecast period of 2023–2028 and was valued at around US$ 22 billion in 2022.
Global Electric Vehicle (EV) Market- Global electric vehicle market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028.
Global Electric Bus Market - The surge in e-bus penetration complemented by conducive government policies set to bolster the market.
Global Wind Catchers Market- Global Wind Catchers Market is expected to grow at a CAGR of 9.8% over the forecast period of 2022-2028.
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
Defining the problem by understanding the type of market and data required by the client.
Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
Evaluating and analyzing the data by referring to data sources utilized and leveraged.
Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Download Key Insights and Market Data - Raise a Query
About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
