South Africa WtE Market
South Africa Waste to Energy (WtE) Market Size Set to Expand at Significant CAGR of 5.07% to Surpass USD 941 Million by 2030
Published | 25 June 2024
South Africa Waste to Energy (WtE) Market is flourishing because of the significant energy shortage due to an imbalance between supply and demand and urbanization and rising consumption levels lead to increased waste generation.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the South Africa Waste to Energy (WtE) Market size at USD 643.18 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the South Africa Waste to Energy (WtE) Market size to expand at a CAGR of 5.07% reaching a value of USD 941.15 million by 2030. A growing emphasis on sustainability and greenhouse gas emissions, together with rising electricity demand due to fast urbanization and industrialization, are major development factors for the South Africa Waste to Energy (WtE) Market. Furthermore, it is projected that developments in WtE technology would offer profitable expansion prospects for the players in the WtE Market in South Africa.
Opportunity - Rapid urbanization and economic growth
The rapid industrialization and urbanization of South Africa are spurring the high demand for electric power to, and the waste-to-energy (WtE) sector is projected to expand as a result of the increased focus on renewable energy sources. Due to an excess of demand over supply, South Africa has a power shortage of over 21,000 megawatts (MW), as reported by Mail & Gaurdian. The WtE technology is expected to become a viable means of addressing the nation's increasing need for electricity, which is expected to boost the overall growth of South Africa Waste to Energy (WtE) Market during the forecast period between 2024 and 2030.
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South Africa Waste to Energy (WtE) Market
Segmental Coverage
South Africa Waste to Energy (WtE) Market – By Technology
Based on technology, the South Africa Waste to Energy (WtE) Market is segmented into thermochemical, biochemical, and others. The thermochemical segment is further divided into incineration, pyrolysis, and gasification. The thermochemical technology holds the largest share in the South Africa Waste to Energy (WtE) Market. Thermochemical conversion is often less product-specific and performs better with feedstocks that have a lower moisture content at higher temperatures and conversion rates. In addition to treating municipal and industrial solid waste and producing electricity, MSWI is a useful technique for commercial applications as it enables the recovery of energy, minerals, and metals from the waste stream.
Competitive Landscape
Major players operating in the South Africa Waste to Energy (WtE) Market include Suez Environnement S.A., Veolia Environnement S.A., Covanta Energy Corporation, Biotherm Energy, Mondi Group, Interwaste Holdings Ltd, EnviroServ Waste Management, New Horizons Energy, Clean Energy Africa, Averda South Africa, and Yokogawa South Africa (Pty) Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the South Africa Waste to Energy (WtE) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the South Africa Waste to Energy (WtE) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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Related Report
Publish Date: June 2024
An increasingly high demand for energy driven by significant shortage due to an imbalance between supply and demand, rapid urbanization, and rising consumption levels leading to increased waste generation is expected to boost the growth of South Africa Waste to Energy (WtE) Market during the forecast period between 2024 and 2030.
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