Market Size of Austria Waste to Energy Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 3.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Austria Waste to Energy Market Analysis
Austria's waste to energy market is expected to grow at a CAGR of more than 3% during the forecast period.
COVID-19 negatively impacted the market in 2020. Currently. The market has reached pre-pandemic levels.
- Over the long term, an increasing amount of waste generation, growing concern for its management to meet the need for sustainable urban living, and increasing focus on non-fossil fuel sources of energy are driving the adoption of the waste-to-energy market.
- On the other hand, environmental concerns about the emissions from WtE plants are expected to restrain investments in the waste-to-energy market in the country during the forecast period.
- Nevertheless, emerging waste-to-energy technologies, such as Dendro Liquid Energy (DLE), which is four times more efficient in terms of electricity generation, with additional benefits of no emission discharge and effluence problems at plant sites, are expected to create significant opportunities for the market players, over the coming years.
Austria Waste to Energy Industry Segmentation
Waste-to-energy is the process of generating energy in the form of electricity and/or heat through the primary treatment of waste or processing of the same into a fuel source.
The waste-to-energy market is segmented by technology. By technology, the market is segmented into physical technology, thermal technology, and biological technology. For each segment, the market sizing and forecasts have been done based on revenue (USD million).
| Technology | |
| Physical Technology | |
| Thermal Technology | |
| Biological Technology |
Austria Waste to Energy Market Size Summary
Austria's waste-to-energy market is poised for growth, driven by increasing waste generation and a shift towards sustainable urban living and non-fossil fuel energy sources. Despite the initial setbacks due to the COVID-19 pandemic, the market has rebounded to pre-pandemic levels. However, environmental concerns regarding emissions from waste-to-energy plants pose challenges to investment in this sector. Innovations in waste-to-energy technologies, such as Dendro Liquid Energy, offer promising opportunities by enhancing efficiency and reducing environmental impact. Thermal technology, particularly incineration and gasification, remains dominant in the market, with ongoing developments aimed at improving efficiency and sustainability.
The European Union's ambitious environmental targets and the focus on a circular economy have led to a cautious approach towards waste-to-energy incineration, with financial institutions favoring greener energy alternatives. The EU's Just Transition Fund and the European Investment Bank's alignment with the EU Taxonomy Regulation exclude waste-to-energy incineration from financial support, directing funds towards sustainable waste management and renewable energy projects. Austria's commitment to renewable energy, with significant investments in wind, solar, and hydropower, is expected to further restrain the waste-to-energy market. Key players in the moderately fragmented market include Ze-gen Inc, BMH Technology Oy, and others, with ongoing projects like the new residual waste-to-energy plant in Vorarlberg and the green fuel demonstration facility in Vienna highlighting the sector's evolving landscape.
Austria Waste to Energy Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD million, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Technology
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2.1.1 Physical Technology
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2.1.2 Thermal Technology
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2.1.3 Biological Technology
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Austria Waste to Energy Market Size FAQs
What is the current Austria Waste to Energy Market size?
The Austria Waste to Energy Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Austria Waste to Energy Market?
Ze-gen Inc, BMH Technology Oy, Compco Fire System Limted, Integrated Global Services and Wheelabrator Technologies Inc are the major companies operating in the Austria Waste to Energy Market.
