Germany Waste to Energy Market Outlook 2031
The Germany Waste to Energy Market size was USD 3.73 Billion in 2022 and is likely to reach USD 5.62 Billion by 2031, expanding at a CAGR of 4.66% during 2023–2031. Growth of the market is attributed to rising concerns about waste management, rapid development in incineration, and increasing capacity development of energy recovery facilities.
For generating energy in the form of heat & electricity by treating the waste and the processing of waste into a fuel source, the energy-from-waste (EfW) process is used. The energy is generated through various types of waste. Most of the combustion fuel such as synthetic fuels, methane, ethanol, and methanol is generated through waste to energy system.
By combustion system most of the heat & electricity is generated directly through waste to energy management. Another way of generating electricity is by burning materials found in landfills and also by burning solid waste. The methane gas which is byproduct of waste decays is another energy resource that comes from garbage.
The COVID-19 pandemic disturbed the supply and demand of the Germany waste to energy market. Oscillating supply of raw materials, lockdown across the globe, and supply chain disorders forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Waste to Energy Market Trends, Drivers, Restraints, and Opportunities
- Increased demand for waste to energy facility is projected to boost the market.
- Increasing research funding for waste to energy sector is the major factor fueling the market.
- Increasing recycling rate of waste and high cost of operations is anticipated to restrict the market expansion during the forecast period.
- Lack of awareness about waste to energy is estimated to hamper the market growth in the coming years.
- R&D investment and technological advancement in waste to energy market is projected to offer lucrative opportunities for the market players.
Scope of Germany Waste to Energy Market Report
The report on the Germany waste to energy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Germany Waste to Energy Market – Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023-2031
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Segmentation
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Technologies (Biological, Physical, and Thermal), Applications (Fermentation, Methane Capture, Anaerobic, and Others)
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Country Scope
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Germany
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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STEGA Energy Services GmbH; Envi Con & Plant Engineering GmbH; Tana Oy; EEW Energy From Waste; Martin GmbH; and Babcock & Wilcox Enterprises, Inc.
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Germany Waste to Energy Market Segment Insights
The thermal technology segment accounts for a key share of the market
Based on technologies, the Germany waste to energy market is fragmented into biological, physical, and thermal. The thermal technology segment accounts for a key share of the market. Growth of the market is attributed to increasing efforts to promote waste to energy plants, rising technological advancement in gasification technology, and rapid urbanization.
However, the physical technology segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing development of waste incineration facilities across the country, rising demand for thermal based waste to energy conversion, and increasing municipal solid waste.
The methane capture segment accounts for a significant share of the market
On the basis of formulations, the market is segregated into fermentation, methane capture, anaerobic, and others. The methane capture segment accounts for a significant share of the market. Growth of the market is attributed to increasing industrialization, rising concern about waste management, and improved standard of living.
The fermentation segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing population, increasing focus on non-fossil fuel sources, and rapidly emerging economy.
Segments
The Germany waste to energy market has been segmented on the basis of
Technologies
- Biological
- Physical
- Thermal
Applications
- Fermentation
- Methane Capture
- Anaerobic
- Others
Country
Key Players
Competitive Landscape
Key players competing in the Germany waste to energy market include STEGA Energy Services GmbH; Envi Con & Plant Engineering GmbH; Tana Oy; EEW Energy From Waste; Martin GmbH; and Babcock & Wilcox Enterprises, Inc.
Some of these players are using several market strategies such as product launches, merger, capacity expansion, collaborations, acquisitions, and partnerships to enhance their market shares and to generate revenue and raise their production line of the business during the forecast period.
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