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GLOBAL MARKET FOR MUNICIPAL WASTE TO ENERGY TECHNOLOGIES TO EXPAND TO $41.5 BILLION BY 2021

 

According to a new market research report published by Innovative Research and Products, titled ‘Municipal Waste to Energy – A Technology, Industry and Market Analysis’, the global market is expected to expand from $30.2 billion in 2016 to about $41.5 billion by 2021 at about a 6.5% compound annual growth rate (CAGR) over the next five years.

 

Technology processes that convert municipal waste to energy represent some of the most promising methods to solve environmental problems and to address increasing energy demand caused a growing human population coupled with increasing economic activity.

 

Municipal waste-to-energy (MWTE) is a renewable energy source which obtained from resources that are essentially unlimited, since it consists of human-generated solid waste that is produced in every country around the globe. MWTE can be used to generate thermal energy and/or electricity.

 

The municipal waste to energy (MWTE) technologies industry has sustained significant growth in the last decade and is likely to continue to expand in the future because of the increasing demands for energy and for environmental solutions. In addition to countries in Asia and in the Americas that are undergoing economic expansions, population growth is a major driver. Among the countries where we see increased human consumption, holding the potential for positively impacting the MWTE technologies industry, are China, India and Brazil. 

 

Within the MWTE sector, there has been continuous innovation in the technologies for waste to energy conversion processes, which has resulted in systems having greater efficiencies.  In turn, this has increased the scope of waste to energy technology applications.

 

A number of MWTE technologies are available to communities in the United States and other global regions. These include combustion technologies, landfill gas technologies, plasma gasification technologies, pyrolysis gasification technologies and refuse-derived fuels.

 

According to the Irap report, Global market for Municipal Waste to Energy Technologies was estimated to have reached $30.2 billion in 2016 and will reach $41.5 billion by 2021 with a growth rate of 6.5% compound annual growth rate (CAGR) over the next five years.

 

In terms of region wise market share, the Asian region offers the greatest opportunities for growth, a trend that is expected to continue through 2021 followed by Europe and The Americas with The Middle East and Africa as distant 4th and 5th position. In terms of technologies used, the Combustion Technology dominates the market.

 

SUMMARY Table

GLOBAL MARKET FOR MUNICIPAL WASTE TO ENERGY TECHNOLOGIES, 2016 and 2021

($ millions)

 

Product Group

2016

$Millions

2021

$Millions

CAGR %

2016-2021

Municipal Waste to Energy Technologies

$30,231

$41,481

6.5%

Source: iRAP, Inc.



More details of the report are available from Innovative Research and Products (iRAP), Inc., visit http://www.innoresearch.net/reportlist.aspx?cid=2 or contact at Tel: 203-569-7909, E-mail: marketing@innoresearch.net

Data and analysis extracted from this press release must be accompanied by a statement identifying iRAP, Inc., P.O. Box 16760, Stamford, CT 06905, USA; Telephone: (203) 569-7909, Email: marketing@innoresearch.net as the source and publisher. Thank you.

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