Energy being the core necessity of various end use industries such as residential, commercial, industrial, electric power, and transportation, has considerable environmental impacts.
As per the International Energy Outlook 2017, the global energy consumption is expected to grow by 50% between the year 2010 and 2040, along with the increasing use of fossil fuels. Around 29 countries globally fulfil more than 90% of their energy requirements from fossil fuels. As per the data by Eurostat, the population of Europe has increased by more than 3 million people from the year 2015 to 2017, and urbanization in most of its countries is also increasing. These factors have led to the rise in energy demand from the region.
Read Report Overview: Europe Waste to Energy Market
The Europe waste to energy market is projected to grow from $XX billion in the year 2018 to $21.99 billion by 2023, at a CAGR of XX% from 2018 to 2023. Europe has significantly been the leading the market in the waste to energy technologies. The region has witnessed a strong growth in terms of waste to energy capacities since 2008 The economy of the region and the European Union’s legislation are the major factors driving the growth of the market. The Europe waste to energy market is dominated by Germany in the year 2018. However, during the forecast period, the U.K. is expected to display the highest growth rate. Germany is one of the top countries in the best waste to energy technologies used in the energy generation process, recording significant levels of e-waste recovery and exploring new business opportunities.
From the year 2010, the countries in the region have significantly shifted their focus with respect to municipal waste disposal methods to prevention and recycling. Although municipal waste represents only around 10% of total waste generated in the region, it is important to understand that prevention of this waste has the potential to reduce the environmental impact not only during the waste conversion phase but also through the life cycle of the products consumed.
The countries which have huge potential but limited land availability such as Poland, are focusing on the development of new waste to energy technologies. Waste to energy is one of the growing green energy technology segments in the region. The presence of several high potential sites in the region, supporting initiatives by the government, regulations, and increasing foreign investment are some of the factors driving the growth of the market in the region.
Decreasing number of sanitary waste disposal landfills coupled with the increasing volume of waste is supporting the growth of using waste to energy technology at an increasing rate across the globe. Advanced waste to energy technologies, such as pyrolysis, and anaerobic digestion are expected to register strong growth in the waste to energy industry.
Increasing utilization of renewable energy for power generation mix continues to have a positive impact on the Europe waste to energy market Waste to energy is the process of generating energy in the form of electricity/heat with the treatment of the waste generated with several technologies such as thermo chemical and bio chemical. Today, the waste to energy sector has evolved to generate electricity with the help of various technologies from different categories of waste such as municipal, agricultural and medical waste ,among others.
Competitive Landscape
The competitive landscape for the Europe waste to energy market demonstrates an inclination toward companies adopting strategies such as business expansion, partnerships/joint ventures and collaboration, and others. The result of the emerging strategies and developments is helping the market in the form of more business expansion being done by the key players in the waste to energy market. Moreover, the growing market of waste to energy is further expected to increase the involvement of companies across different segments of the value chain.
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Europe region is fragmented with the presence of both local and regional players in the market. The key players present in the waste to energy market are Wheelbrator Inc., The Babcock & Wilcox Company, Ramboll Group, Suez Environment S.A, Waste Management Inc., C&G Environmental Protection Holdings Ltd., and Veolia Environment and Foster Wheeler AG ,among others.
The report answers the following questions about the Europe waste to energy market:
- What is the Europe waste to energy market size in terms of revenue from 2017-2023, and what will be with the growth rate during the forecast period 2018-2023?
- What are the major technologies used in the Europe waste to energy market to convert waste generated into energy in terms of revenue generation and future growth?
- What are the major types of applications in the Europe waste to energy market in terms of revenue generation and future growth?
- What are the major waste types in the Europe waste to energy market in terms of revenue generation and future growth?
- What is the waste volume generated by the key countries in Europe in the year 2012 and the expected volume to be generated by the year 2023?
- What are the key trends and opportunities in the market pertaining to countries included in the Europe region?
- How attractive is the market for different stakeholders present in the industry based on the analysis of the futuristic scenario of Europe waste to energy?
- What are the major driving forces that are expected to increase the demand for Europe waste to energy market during the forecast period?
- What are the major challenges inhibiting the growth of the Europe waste to energy market?
- What kind of new strategies are adopted by the existing market players to expand their market position in the industry?
- What is the competitive strength of the key players in the Europe waste to energy market based on the analysis their recent developments, product offerings, and regional presence?