LONDON–(BUSINESS WIRE)–The global waste to energy (WtE) market is poised to grow by USD 12.26 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. Request free sample pages
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The market is driven by the increasing urbanization. In addition, the rising popularity of integrated waste management systems is anticipated to boost the growth of the waste to energy market.
Factors such as the growing population and increase in migration of people to urban centers in search of higher living standards and search better job opportunities are leading to rapid urbanization. This is leading to an increase in municipal solid waste (MSW) generation, which is causing environmental pollution. As a result, the need for improved MSW collection and treatment is increasing. Consequently, various WtE technologies are being developed and employed to facilitate efficient MSW management. Thus, increasing urbanization will boost the growth of the waste to energy market during the forecast period.
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Major Five Waste to Energy Market Companies:
Babcock & Wilcox Enterprises Inc.
Babcock & Wilcox Enterprises Inc. is headquartered in the US and operates the business under various segments such as Babcock & Wilcox, Vølund & Other Renewable, and SPIG. The company offers mass-burn combustion and refuse-derived fuel (RDF).
China Everbright International Ltd.
China Everbright International Ltd. is headquartered in Hong Kong (SAR, China) and offers products through the following business units: Environmental energy project construction and operation, Environmental water project construction and operation, Greentech project construction and operation, and Others. The company has 106 Waste-to-energy projects.
Covanta Holding Corp.
Covanta Holding Corp. is headquartered in the US and offers a range of sustainable waste and energy solutions. The company has mass-burn facilities and uses technologies such as refuse-derived fuel facilities.
Electricité de France SA
Electricité de France SA is headquartered in France and offers products through the following business segments: France – Generation and supply activities, France – Regulated activities, EDF Renewables, Dalkia, Framatome, United Kingdom, Italy, Other international, and Other activities. The company uses biomass to produce electricity and/or heat.
Hitachi Zosen Corp.
Hitachi Zosen Corp. is headquartered in Japan and offers products through the following business segments: Environmental Systems and Industrial Plants, Machinery, and Infrastructure. The company operates Energy-from-Waste Plants.
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Waste to Energy Market Technology Outlook (Revenue, USD Billion, 2020-2024)
Waste to Energy Market Geographic Outlook (Revenue, USD Billion, 2020-2024)
- APAC
- Europe
- MEA
- North America
- South America
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