The market is expected to develop due to the rising demand for RDF in waste-to-energy efforts for the production of electricity.
The market has grown significantly because to the usage of RDF by several industry verticals to minimise CO2 emissions. Government assistance and growing popularity will open up lucrative market expansion opportunities.
The market for Refuse-Derived Fuel (RDF) was estimated to be worth USD 2865.0 million in 2021–2022 and is anticipated to grow at a CAGR of 3.45% over the course of the forecast period, reaching USD 3512.0 million by 2030.
Top Companies in the Refuse-derived Fuel Industry:
1. Tana Oy: 2020 saw the founding. Headquarter location in Oslo, Norway. Creator of an online workspace intended to revolutionise collaboration between individuals, groups, and machines. The company's platform allows customers to get rid of files and folders and aid them with the precise data needed for decision-making or follow-ups. It can turn raw notes into tasks, bugs, and follow-ups to locate exactly what the user is searching for and shows it in the shape of a graph. Kari Kangas of Tana Oy is the 2020 Central Finland Regional Entrepreneur of the Year.
2. I.T.R.: Created in 2004. Head office in the United States. Developer of software for the restaurant, retail, banking, and healthcare sectors. The business offers services for desktops, managed servers, managed apps, and system development.
3. ANDRITZ MeWa - ANDRITZ Group: Built in 1851. Headquarter location: Austria. High-tech industrial machinery is produced by Andritz AG, which conducts business through four operating segments: The manufacture of various forms of pulp, paper, board, and tissue is made possible by sustainable technology, automation, and service solutions from ANDRITZ Pulp & Paper. In addition to providing metal forming technology, facilities, and digital solutions, ANDRITZ Metals also offers automation and software solutions, process expertise, and support. ANDRITZ Separation offers mechanical and thermal technologies, services, and related automation solutions for solid/liquid separation, catering to the chemical, environmental, food, and mining and minerals industries. ANDRITZ Hydro includes suppliers of electromechanical equipment and services for hydropower plants. Sovema Group is acquired by ANDRITZ.
4. Ecocycle (Group) Ltd.: Established in 2001. Headquarter location is Canada. Manufacturer of wind turbines for farms to produce their own electricity. Farmers can produce electricity at a low cost, gain stability by locking in electric rates, and increase savings as market prices rise thanks to the company's turbines' specialisation in being dependable and compact, reducing carbon footprints on farms, producing renewable power without compromising the environment, backup power, and load management. TSG announces the acquisition of JCM Solar and Eco-Cycle Environmental Group, two businesses that specialise in solar energy, strengthening its position in this quickly expanding market.
5. Aguas de Portugal: Hospitality services are provided by Soc das Aguas DA Curia SA. The business is headquartered in Curia, Portugal, and was established in 1990.
Definition: Refuse-derived fuel is fuel that is produced from repurposing waste. Combustible waste can be converted into fuel using waste conversion technology.
