Waste to Energy Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

  • Single User License $3500

Waste to Energy Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2020 | Energy & Mining | PPT format

Report Digest


Global Waste to Energy Market: Snapshot

A number of commercial, residential, and industrial sectors in various parts of the world are producing municipal waste. In recent decades, several waste-to-energy processes and technologies have emerged for the conversion of this municipal waste to useful energy, notably electricity, apart from steam and fuels. These unconventional sources of energy are proving to be useful in powering commercial and residential spaces and supplementing the energy requirements of various industries. The intensifying demand for unconventional sources of energy in various developing and developed economies has emerged from the spiraling concern of the rapidly falling levels of conventional sources, such as fossil fuels. In addition, these methods are gaining traction in the proper disposal of a vastly mounting municipal waste in several developed nations. Add to this, the stricter implementation of a number of governmental regulations to manage landfills and the intensifying need for reducing solid waste are notable factors driving the market. Governments in developing and developed regions are offering tax rebates and subsidies to support the application of waste-to-energy conversion technologies in industries. This has offered a robust fillip to the growth of the market. In recent times, the adoption of thermal technology for the conversion of waste to energy has gained traction in various regions. Their flexibility in feedstock requirements is a key factor boosting the popularity of this conversion technology. However, it is proving to be largely inadequate in the variation of efficacy of waste conversion plants since its application leads to variable output. The growing popularity of anaerobic digestion waste to energy conversion process is opening up exciting avenues for market players. In addition, recent research and development activities on the anaerobic production of the energy are positively impacting the adoption of these technologies. The presence of robust waste management systems in developed nations and the government focus on adopting unconventional energy production methods bodes well for the market.

Waste to Energy Market: Overview 

Waste to energy involves generation of energy in the form of electricity or heat using municipal solid waste, which is produced from commercial, domestic, and industrial sectors. Several technologies are deployed to compress and dispose waste from various sectors to generate steam, fuel cell, and electricity. While each technology employs a unique course of action, the end product is utilizable for domestic dwellings, commercial spaces, and industries. 

Waste to Energy Market: Key Trends 

The global waste to energy market is predominantly driven by the need to develop alternate or unconventional energy sources as conventional forms of energy are nearing exhaustion and to safeguard the environment from ill-effects of conventional fuels. Furthermore, several governments around the world are imposing stringent regulations to control production of waste and to control landfill waste. To address this, waste treatment plans have been developed to minimize solid waste to become part of landfills or to be exported to third world countries. The market is anticipated to be further benefitted from incentives offered by governments in the form of tax rebate and subsidies. 

In recent years, the utilization of thermal technology for conversion of waste to energy has gained prominence over biological technology. This is because the former is flexible in terms of feedstock used in the plant and is advantageous in terms of weight and volume of ash produced from waste. In 2012, thermal technology held a share of 80% in the global waste to energy market. However, thermal technology faces challenges due to the various types of feed that are used resulting in varying output and unsteady effectiveness of waste conversion plants. 

The adoption of biological technology is also on the rise as it employs anaerobic digestion for converting waste in to energy. This technology is preferred by farmers due to the biodegradability and high moisture content of the process. 

Waste to Energy Market: Market Potential 

The development of mega capacity waste to energy plant is in the developmental agenda of several governments around the world for a sustainable ecosystem. In a bid for sustainable economic development along with safeguarding the environment, India’s largest solid waste to energy plant has been developed at Delhi. The project will convert 2,000 metric tonnes of waste each day to produce 24 megawatt of energy. The development of the plant has finally provided a solution to the garbage woes of the capital and some respite to overflowing landfills as it will convert waste to generate energy. 

Waste to Energy Market: Regional Outlook 

Asia Pacific is currently the leading regional waste to energy market contributing a significant revenue to the global market. This regional market is expected to rise further due to improving economic conditions and increasing awareness about safeguarding the environment for humans and for the ecosystem. India, China, and Japan are the major countries that are boosting growth of the waste to energy market in Asia Pacific. At present, Japan has a well-established waste management system for converting waste into energy for everyday operations. On the other hand, rapid economic development in China and India leading to the production of large volume of waste also holds immense potential for the growth of the Asia Pacific waste to energy market. 

Waste to Energy Market: Competitive Outlook 

Some of the key players that operate in the global waste to energy market are Suez Environment S.A., Constructions industrielles de la de la Méditerranée, Covanta Energy Corporation, Veolia Environment, Waste Management Inc., C&G Environmental Protection Holdings, and China Everbright International Limited. 

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?