Europe Waste-to-Energy (WtE) Market Analysis, Trends, Growth, Forecast and Supply Demand 2029

Posted by aartimurkute on June 27th, 2023

Fairfield Market Research has released an in-depth report highlighting the thriving Waste-to-Energy (WtE) market. With a projected exceeding 7% between 2021 and 2025, continues to dominate the global WtE market, driven by a supportive regulatory framework and a growing focus on renewable energy sources.

For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/waste-to-energy-wte-market

The report reveals that the market size of WtE surpassed US.7 billion in 2020, indicating immense growth prospects. As global waste generation is estimated to reach a staggering 6 million tons per day by 2025, the continent stands poised to capitalize on waste-to-energy technologies as a means of simultaneously addressing energy demands and waste management challenges.

Municipal solid waste (MSW) management has been a paramount concern worldwide, significantly impacting environmental sustainability and public health. In response to escalating concerns surrounding landfilling and other waste management practices, governments have imposed increasingly stringent regulations, particularly in key economies. Waste-to-energy is predicted to emerge as the preferred strategy among municipalities, propelling the installation and operation of waste-to-energy plants and fostering market growth.

The report underscores the thermal conversion technology as the most favored approach for waste-to-energy conversion due to its exceptional ability to reduce waste weight and volume by approximately 75% and 90% respectively. Additionally, the cost benefits associated with incineration make it a compelling choice over other available conversion technologies in the market. However, the existence of economically viable energy alternatives, such as natural gas, poses a persistent challenge to widespread waste-to-energy adoption, necessitating substantial initial capital investment.

Europe maintains its leadership position in the waste-to-energy sector with the highest installed base of waste-to-energy plants. The region benefits from a supportive regulatory structure established by governments, fostering a favorable environment for market growth. Moreover, Europe stands to benefit from increased awareness and consumer knowledge regarding renewable energy usage, further driving the market forward.

While Europe remains at the forefront of waste-to-energy development, North America also plays a pivotal role, with a growing number of WtE plant installations, particularly in the United States. Furthermore, the report identifies Asia Pacific as a highly lucrative and untapped market, expected to witness substantial growth due to a surge in regulatory approvals for new waste-to-energy plant installations.

The report features comprehensive competitive profiling and analysis of leading companies in the waste-to-energy sector, including Veolia, Suez Environment, Covanta Holding Corporation, China Everbright International Limited, and Keppel Corporation Limited.

As Europe continues to spearhead the waste-to-energy market, Fairfield Market Research remains committed to delivering accurate and actionable insights that empower businesses to make informed decisions and foster sustainable growth in the region.

For More Information Visit:  https://www.fairfieldmarketresearch.com/