Latest news with #HitachiZosen
Nikkei Asia
22-07-2025
- Business
- Nikkei Asia
Japan's Kanadevia teams with Taiwan firm to build spherical CO2 tanks
Spherical tanks built by Taiwanese company Liang Lian Industries. (Photo courtesy of Liang Lian Industries) NANAKO TAKEUCHI TOKYO -- Japanese engineering company Kanadevia is partnering with a Taiwanese business to build spherical tanks for temporary storage of liquefied carbon dioxide to be used in CO2 capture projects. Kanadevia, formerly Hitachi Zosen, has signed a cooperative agreement with Liang Lian Industries.
Yahoo
24-06-2025
- Business
- Yahoo
Waste to Energy Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034: Industry Leaders like Hitachi Zosen and Veolia Drive Innovations in Waste-to-Energy Technologies
The Global Waste To Energy Market is projected to grow at a 6.6% CAGR, reaching USD 78.6 billion by 2034. This growth is propelled by increasing urbanization, rising municipal solid waste generation, and limited landfill capacities, spurring the adoption of WtE technologies. Regions like Asia and Europe are leading this trend due to regulatory pushes for reduced landfill usage and enhanced energy recovery tech. The thermal WtE segment, anticipated to generate USD 65 billion by 2034, benefits from advanced incineration with combined heat and power technologies. Companies like Hitachi Zosen, Veolia, and Mitsubishi Heavy Industries are at the forefront, focusing on innovation and partnerships to improve energy efficiency. Waste to Energy Market Dublin, June 24, 2025 (GLOBE NEWSWIRE) -- The "Waste to Energy Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to Global Waste To Energy Market was valued at USD 42.4 billion in 2024 and is estimated to grow at a CAGR of 6.6% to reach USD 78.6 billion by 2034, driven by rapid urbanization and the increasing generation of municipal solid waste, both of which are pushing the need for more efficient waste management solutions. As landfill capacities reach their limits, adopting waste-to-energy (WtE) technologies is becoming more widespread. Additionally, decentralized waste treatment systems are gaining traction, especially in urban areas, where waste volumes continue to rise. Governments and businesses alike are investing in technologies that promote a circular economy and renewable energy sources, further strengthening the market landscape. Regulatory measures that reduce landfill usage are accelerating the adoption of WtE solutions, particularly in regions like Asia and Europe. Countries are setting national targets to reduce waste sent to landfills, which is creating opportunities for energy recovery technologies. Industrial activities, especially in manufacturing, contribute to the rise in waste generation, further fueling the demand for WtE systems. Meanwhile, global trade policies and tariffs, particularly those introduced in the US, may impact the market's growth. Despite these challenges, technological advancements and tighter environmental regulations on emissions are expected to propel the waste-to-energy sector thermal waste-to-energy segment is anticipated to generate USD 65 billion by 2034 due to the increasing use of advanced incineration plants with combined heat and power technologies, which improve energy recovery and overall system efficiency. Thermal plants allow for the generation of both electricity and heat, making them more sustainable and energy-efficient. These facilities are designed to optimize operations, reduce downtime, and enhance performance monitoring. The demand for waste-to-electricity solutions is high in urban areas where waste volumes are large, and the need for reliable energy sources continues to power generation application segment of the waste-to-energy market accounted for a substantial portion, contributing a 53.3% share in 2024. The need for efficient waste-fed cogeneration units, which provide electricity and heat, and the growing demand for grid-balancing facilities are key drivers of this segment's growth. As urbanization continues to accelerate and solid waste generation rises, there is an increasing reliance on waste-to-energy systems to address energy needs and waste management issues. The power generation segment benefits from the growing emphasis on renewable energy and circular economy practices, which further incentivize investments in waste-to-energy Waste to Energy Market will grow at a CAGR of 8% by 2034 due to the region's commitment to ambitious net-zero emission targets and a robust regulatory framework aimed at reducing landfill usage and encouraging sustainable energy solutions. Rising landfill taxes act as a catalyst, pushing municipalities to find more eco-friendly waste management alternatives. This is promoting the adoption of waste-to-energy plants that not only reduce waste volumes but also produce renewable energy, thus contributing to the region's environmental and energy companies in the Global Waste to Energy Market, such as Hitachi Zosen, Veolia, and Mitsubishi Heavy Industries, are focusing on innovation, improving energy efficiency, and integrating new technologies to maintain their market leadership. These companies are forming strategic partnerships and investing in research and development to improve waste-to-energy systems. Babcock & Wilcox and SUEZ, for instance, are concentrating on advancing their incineration technologies, while Enerkem is exploring ways to enhance the efficiency of waste conversion into clean energy. These efforts are crucial for expanding market share and strengthening their competitive Market Analysis and Forecast Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape Competitive landscape with Porter's Five Forces and PESTEL analysis Market size, segmentation, and regional forecasts In-depth company profiles, business strategies, financial insights, and SWOT analysis Companies Featured The companies featured in this Waste to Energy market report include: Babcock & Wilcox Enerkem Everbright Environment Hitachi Zosen JFE Engineering Marubeni Mitsubishi Heavy Industries Reworld SUEZ Stellar3 Veolia WM Intellectual Property Holdings Key Attributes: Report Attribute Details No. of Pages 123 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $42.4 Billion Forecasted Market Value (USD) by 2034 $78.6 Billion Compound Annual Growth Rate 6.6% Regions Covered Global Key Topics Covered: Chapter 1 Methodology & Scope Chapter 2 Executive Summary2.1 Industry synopsis, 2021-2034Chapter 3 Industry Insights3.1 Industry ecosystem3.2 Trump administration tariff analysis3.2.1 Impact on trade3.2.1.1 Trade volume disruptions3.2.1.2 Retaliatory measures3.2.2 Impact on the industry3.2.2.1 Supply-side impact (raw materials)3.2.2.1.1 Price volatility in key materials3.2.2.1.2 Supply chain restructuring3.2.2.1.3 Production cost implications3.2.2.2 Demand-side impact (selling price)3.2.2.2.1 Price transmission to end markets3.2.2.2.2 Market share dynamics3.2.2.2.3 Consumer response patterns3.2.3 Key companies impacted3.2.4 Strategic industry responses3.2.5 Outlook and future considerations3.3 Regulatory landscape3.4 Industry impact forces3.5 Growth potential analysis3.6 Porter's analysis3.7 PESTEL analysisChapter 4 Competitive landscape, 20244.1 Introduction4.2 Strategic dashboard4.3 Strategic initiative4.4 Company market share4.5 Competitive benchmarking4.6 Innovation & sustainability landscapeChapter 5 Market Size and Forecast, by Process, 2021-2034 (USD Billion)5.1 Key trends5.2 Thermal5.2.1 CHP incineration5.2.2 Co-combustion5.2.3 Thermal gasification5.2.4 Residual derived fuel plant5.3 BiochemicalChapter 6 Market Size and Forecast, by Application, 2021-2034 (USD Billion)6.1 Key trends6.2 Power generation6.3 Heating6.4 OthersChapter 7 Market Size and Forecast, by Region, 2021-2034 (USD Billion)7.1 Key trends7.2 North America7.2.1 U.S.7.2.2 Canada7.3 Europe7.3.1 Sweden7.3.2 Denmark7.3.3 Norway7.3.4 Italy7.3.5 Netherlands7.4 Asia-Pacific7.4.1 China7.4.2 India7.4.3 Japan7.4.4 South Korea7.4.5 Indonesia7.4.6 ThailandChapter 8 Company Profiles8.1 Babcock & Wilcox8.2 Enerkem8.3 Everbright Environment8.4 Hitachi Zosen8.5 JFE Engineering8.6 Marubeni8.7 Mitsubishi Heavy Industries8.8 Reworld8.9 SUEZ8.10 Stellar38.11 Veolia8.12 WM Intellectual Property HoldingsFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Waste to Energy Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
