Waste to Energy Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Waste to energy refers to a family of technologies that treat waste to recover energy in the form of heat, electricity, or alternative fuels such as biogas. The scope of the term ‘Waste-to-Energy’ is very wide, encompassing a range of technologies of different scales and complexity. These can include the production of cooking gas in household digesters from organic waste, collection of methane gas from landfills, thermal treatment of waste in utility size incineration plants, co-processing of Refuse Derived Fuel (RDF) in cement plants, or gasification. Factors such as increased consumption of goods in growing urban populations, changes in lifestyle, and increasing wealth of the rising middle class are soaring the amount of municipal solid waste globally is driving the market size of waste to energy. Moreover, growing concerns regarding shrinking natural resources, the contribution of improper waste management to global warming, and shortage of power generation have triggered discussions regarding waste as a resource in general and the Waste to Energy industry outlook.

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The coronavirus pandemic was declared a public health emergency worldwide by World Health Organization (WHO) in 2020. Governments across nations implemented lockdown and ban on traveling, the shutdown of manufacturing industries, commercial activities this had severely disrupted the supply chain has just not impacted the global industry. However, However, the market is expected to recover by 2021, owing to the increasing efforts to promote waste-to-energy plants by various countries across the world.

According to UnivDatos Market Insights (UMI)’ research report “global waste to energy”, the market is expected to grow at a CAGR of more than 6% during the forecast period (2021-2027). The waste-to-energy market is growing at a propelling rate and is expected to have a substantial market demand in the forecasted period as well. The tremendous rise in municipal solid waste (MSW) in the fast-growing cities of developing and emerging countries have led to increasing public concerns with regards to the resultant health and environmental impacts which is escalating the need for recycling waste for energy. Moreover, growing demand for constant and reliable power supply in line with efficient resource utilization, rising penetration of captive power projects coupled with increasing techno financial assistance by regulatory arms will drive the growth of the global market.

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Furthermore, governments are focusing on commercializing alternate sources of energy such as Waste to Energy (WTE) technology owing to the rapid depletion of conventional energy sources. In addition, the implementation of environmental policies regarding the reduction of carbon emissions from fossil-fuel usage is expected to further provide a boost to industry growth.

Based on Technology, the waste-to-energy market is segmented into biological technology (biogas plants, landfills gas, and fermentation), thermal technology (pyrolysis, incineration, gasification), and physical technology. The thermal technology caters to extensive market share in the waste to the energy market. It is mainly owing to the increasing development of waste incineration facilities across the world. In addition, other factors, such as industrialization and economic development, would also contribute toward MSW generation, which is further expected to influence the growth of the thermal-based waste-to-energy market.

The Asia Pacific to witness the highest growth

Based on region, the report provides a detailed analysis for overall adoption of Waste to energy in the major region including North America (United States, Canada, Rest of North America, Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), Rest of the World. The Asia Pacific caters substantial share in the waste to energy market over the past few years and is expected to have an influential growth rate in the forecasted period as well. It is mainly owing to the increasing efforts taken by the government in adopting better MSW management practices, providing incentives for waste-to-energy projects in the form of capital subsidies and feed-in tariffs, and providing financial support for R&D projects on a cost-sharing basis.

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In January 2021, the Indian state-controlled oil firm (IOC) and North Delhi Municipal Corporation (NDMC) have joined forces in setting up a waste-to-energy plant (WtE) at NDMC’s Ranikhera, New Delhi, landfill site.

In October 2021, the waste-to-energy plant at Kapuluppada, Andhra Pradesh, India was inaugurated. The plant capacity is around 15 MW and is expected to receive 900 to 1000 tonnes of waste on a daily basis which will be supplied by Greater Visakhapatnam Municipal Corporation.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Waste to energy market are Abu Dhabi National Energy Company Pjsc (Taqa), John Wood Group Plc, Babcock & Wilcox Enterprises, Inc., C&G Ltd., China Everbright International Limited, Covanta Holding Corporation, Suez, Veolia, Waste Management, Inc., CNIM. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global Waste to Energy Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings. 

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Market Segmentation:

1.      By Technology (Biological Technology (Biogas Plants, Landfills Gas, and Fermentation), Thermal Technology (Pyrolysis, Incineration, Gasification), and Physical Technology)

2.      By Region (North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), ROW.

3.      By Company (Abu Dhabi National Energy Company Pjsc (Taqa), John Wood Group Plc, Babcock & Wilcox Enterprises, Inc., C&G Ltd., China Everbright International Limited, Covanta Holding Corporation, Suez, Veolia, Waste Management, Inc., CNIM).

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 technology and region?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global Waste to Energy industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global Waste to energy suppliers across various regions and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL WASTE TO ENERGY MARKET COVID-19 IMPACT

6 GLOBAL WASTE TO ENERGY MARKET REVENUE 2019-2027F

7 MARKET INSIGHTS BY TECHNOLOGY

8 MARKET INSIGHTS BY REGION

9 Rest of the World Waste to Energy Market

10 WASTE TO ENERGY MARKET DYNAMICS

11 WASTE TO ENERGY MARKET OPPORTUNITIES

12 WASTE TO ENERGY MARKET TRENDS

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY-SIDE ANALYSIS

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER

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