Global Waste to Energy Market Overview
The emerging need for sustainable urban living which is being impacted by the increasing volume of waste generated from industrial, residential, agriculture and commercial sectors is resulting in the need for reducing the volume of waste generated. Moreover, the rapid industrialization and surging population across the globe is resulting in an increase in energy demand. As per the United Nations, the global population is expected to reach more than 8.5 billion by 2030, whereas by 2050, the population would be over 9.8 bn by 2050.
Also, the government’s focus on energy production from the non-fossil fuel energy sources and clean power generation system due to the environmental concern is further augmenting the waste to the energy market. As per International; Energy Agency (IEA), the share for the clean energy in the global waste to energy would be expanding by one-fifth by 2020.
Furthermore, the government’s support to increase investments in the industry by offering the incentives and tax benefits to the investors and surging public-private partnerships across the globe is supporting the growth of the waste to the energy market.
According to MarkNtel Advisors’ market research report “Global Waste to Energy Market Analysis, 2020”, the market size of waste to energy across the globe is forecast to grow at a CAGR of around 6.70% during 2020-25. The market size is surging on account of increasing usage of moving grate incinerator technology by the developing countries. This technology has a grate efficiency i.e. around 90% treats a large amount of waste and that is too without any pre-treatment or sorting. Also, the benefits of grate incinerator technology such as more economical as compared to conventional technology etc.is contributing to the waste to energy market growth.
Furthermore, the surging number of waste to energy plants across the globe such as Malaysia is to open first WTE plant in June 2020, Australia’s first ETS plant is under construction as of April 2020., Indonesia is planning g for 12 waste to energy plants which all would be completed by 2022, are expected to proliferate the waste to energy market in the forecast period.
The Asia Pacific to Witness Robust Growth in the Forecast Period
In 2019, Europe grabbed the major market share in the global waste to the energy market. The waste to energy market in Europe has been matured for a long period. As per the Confederation of European Waste to Energy Plants (CEWEP), there was around 500 waste to energy plants operating in Europe which ware treating more than 96 million tons of waste annually, as of 2019. However, demographic and economic changes would be impacting the volume of waste which would be contributing to the increase in the market share of the region. Besides, the technological advancement in the waste to energy technology and the introduction of the directives on waste to energy technologies in countries such as Denmark, Germany, Italy, Sweden, France, etc. would drive the market size of waste to energy market in Europe.
However, the APAC is expected to grow at a robust pace in the forecast period on account of increasing investments in R&D by the countries such as China and Japan to develop technologies to treat municipal solid waste coupled with the government’s aim to reduce carbon footprints to ensure energy security would contribute to the market size growth in the region.
In 2019, the municipal waste captured the major market share owing to the continuing rise in the volume of waste from municipalities. As per World Bank, around 20.01 bn metric tons of municipal solid waste were produced every year as of 2018. Therefore, the demand for municipal waste to energy is escalating. Moreover, the World Bank also announced in 2018 that the global waste generation would increase 3.40 billion metric tons by 2050, so the market share of Agriculture and Commercial waste to energy market would surge in the forecast period.
Thermal Technology, the Market Dominator
In 2019, the thermal technology grabbed the major market share and the same trend is expected in the forecast period of 2020-25 too due to the increasing volume of waste. However, the market share of the thermal technology is expected to witness a decline in the forthcoming years due to the limitation in gasification and pyrolysis plants as the applications of these plants are limited to small and mid-scale.
Moreover, the low number of installations of gasification and pyrolysis plants due to being outpaced by biological technologies would lead to the decline in market share of thermal technology, as revealed by MarkNtel Advisors’ research report “Global Waste to Energy Market Analysis, 2020”.
According to MarkNtel Advisors’, the market of the waste to energy across the globe is highly fragmented due to the presence of numerous local and foreign players operating in the market. The major market players with a considerable market share in the industry are Mitsubishi Heavy Industries, Waste Management, A2A, Veolia Environment, Hitachi Zosen Corp, China Everbright International, Ecocorp, Emery Energy Company, among others. The companies are expanding geographical coverage and installing the waste to energy plants to gain a competitive advantage and increase the market share in the industry. For instance, Acciona S.A announced to develop a waste to energy plant worth USD 700 million in Kwinana Industrial Area, which is Australia’s first waste to energy plant.
“Global Waste to Energy Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for waste to energy solution providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
1. By Technology (Physical, Thermal, Biological)
2. By Type of Waste (Municipal Waste, Agricultural Waste, Industrial Waste)
3. By Region (Asia-Pacific, Europe, North America, Middle East & Africa, South America)
4. By Countries (China, India, Japan, Australia, South-Korea, Thailand, Indonesia, Philippines, Malaysia, Vietnam, U.K, France, Germany, Spain, Italy, Belgium, Netherlands, Poland, Russia, Romania, U.S., Canada, Mexico, Cuba, Puerto, UAE, Saudi Arabia, Kuwait, Qatar, Oman, Turkey, South Africa, Egypt, Morocco, Algeria, Brazil, Argentina, Colombia, Chile, Peru, Ecuador, Uruguay, Paraguay)
5. By Company (Suez Environment S.A, Veolia Environment Limited, Waste Management Inc., Keppel Seghers, Babcock & Wilcox Co., Covanta Energy Corporation, ADI Systems Inc., Hitachi Zosen Inova AG, Xcel Energy Inc., Abu Dhabi National Energy Company PJSC, MVV Energie AG, China Jinjiang Environment Holding Co Ltd, A2A SpA, Martin GmbH, China Everbright International Limited, Others)
Key questions answered in the study:
1. What are the current and future trends of the Global Waste to Energy industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the region followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Waste to Energy industry?
5. What are the customer orientation, purchase behavior, and expectations from the Global Waste to Energy firms across various regions?