Waste to Energy Market Size, Trends & Growth Opportunity, by Technologies (Thermal, Biological, Physical), by Waste Type (Municipal Waste, Process Waste, Medical Waste), by Application (Electricity, Heat, Transport Fuels), and by geography (North America, Latin America, Europe, APAC, Middle East & Africa) and forecast till 2027
Report ID : QR1001271 | Industries : Energy & Power | Published On :November 2021 | Page Count : 263
Waste to Energy Market
The process of generating power in the form of electricity or heat from the treatment conducted on waste is called as Waste to energy. Typically, direct incineration is used to generate power; in some cases, flammable fluid like methanol and ethanol are produced. Waste to energy services accounts for significant production of electricity, recoveries and steam of metals yearly recycled by burning tons of solid municipal waste. Moreover, the main component of integrated waste management strategies across the world is conversion of waste to energy.
Market Drivers
The waste to the energy business is on the edge to change the world of useable energy. Below are the few factors of driving the growth of the Waste to Energy Market.
- Depleting conventional energy resources.
- Increasing municipal solid waste (MSW) generation.
- Declining number of landfill sites.
- Rapidly increasing number of wastes to energy projects across geographies.
Market Restraints
With the enlarged adoption of waste to energy technologies, new challenges have been introduced in the market like the threat from established commercial technologies like solar power, hydropower, and wind power, along with technological & economic difficulties, are hampering the growth of the market. The significant players in the market are facing difficulties like minimizing the high initial setup waste to energy plants costs, and absence of infrastructure and skilled workforce. Also, strict environmental guidelines, disapproval from resident societies & environment groups, are some of the main hurdles that need to be overcome by the market players.
Market Segmentation
Waste to Energy Market is segmented by technologies (Thermal WTE Technology, Biological WTE Technology, Physical WTE Technology), by waste type (Municipal Waste, Process Waste, Medical Waste, Agriculture Waste, Other waste), by application (Electricity, Heat, Transport Fuels, Combined Heat & Power Units, Other applications) and by region (North America, Latin America, Europe, APAC, Middle East & Africa).
Regional Analysis
Europe is the key player in the waste to energy market as in Europe, the market reported for the highest revenue share because of the presence of main market players like Suez, Veolia, Ramboll Group A/S, and EQT AB. North America holds a prominent market share because of the rising consumer awareness concerning environmental protection and climate change. Furthermore, growing government emphasis on integration and greater utilization of clean electricity generation sources is expected to increase the deployment rate of waste to energy plants across the region. In Asia Pacific region, the market for waste to energy is anticipated to experience the fastest CAGR over the forecast period with countries like China and Japan offering the maximum potential for market growth.
Market Key Players
Key players in Waste to Energy Market are Suez, Hitachi Zosen Inova AG, China Everbright International Limited, Covanta, Waste Management Inc., Veolia, Mitsubishi Heavy Industries Ltd, Xcel Energy Inc., Ramboll Group A/S, and Babcock & Wilcox Enterprises, Inc.
Industry Development
- In June 2020, Israel-based Blue Sphere signed a memorandum of understanding with a developer operating in the recycling and compost business to jointly build its third waste-to-energy project in the metropolitan area of Boston, Massachusetts.
- In November 2020, India inaugurated the municipal solid waste processing facility of Jawahar Nagar, Hyderabad, with a capacity of 19.8 MW. The plant comprised two RDF-fired boilers and is equipped with a world-class multi-stage flue gas cleaning system and online continuous emission monitoring systems.
- In December 2020, the Karnataka government laid the foundation for a waste-to-energy (WtE) plant at Bidadi, which is being developed by Karnataka Power Corporation Ltd (KPCL). The plant is expected to be operational by the end of 2022 and is set to be the first WtE plant in the state.
Waste to Energy Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Application
3 Executive Summary
4 Waste to Energy Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Waste to Energy Market, By Technologies
5.1 Y-o-Y Growth Comparison, By Technologies
5.2 Waste to Energy Market Share Analysis, By Technologies
5.3 Waste to Energy Market Size and Forecast, By Technologies
5.3.1 Thermal WTE Technology
5.3.2 Biological WTE Technology
5.3.3 Physical WTE Technology
6 Waste to Energy Market, By Waste Type
6.1 Y-o-Y Growth Comparison, By Waste Type
6.2 Waste to Energy Market Share Analysis, By Waste Type
6.3 Waste to Energy Market Size and Forecast, By Waste Type
6.3.1 Municipal Waste
6.3.2 Process Waste
6.3.3 Medical Waste
6.3.4 Agriculture Waste
6.3.5 Other Wastes
7 Waste to Energy Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Waste to Energy Market Share Analysis, By Application
7.3 Waste to Energy Market Size and Forecast, By Application
7.3.1 Electricity
7.3.2 Heat
7.3.3 Combined Heat & Power Units
7.3.4 Transport Fuels
7.3.5 Other applications
8 Waste to Energy Market, By Region
8.1 Waste to Energy Market Share Analysis, By Region
8.2 Waste to Energy Market Share Analysis, By Region
8.3 Waste to Energy Market Size and Forecast, By Region
9 North America Waste to Energy Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Waste to Energy Market Share Analysis, By Technologies
9.3 North America Waste to Energy Market Size and Forecast, By Waste Type
9.4 North America Waste to Energy Market Size and Forecast, By Application
9.5 North America Waste to Energy Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Waste to Energy Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Waste to Energy Market Share Analysis, By Technologies
10.3 Europe Waste to Energy Market Size and Forecast, By Waste Type
10.4 Europe Waste to Energy Market Size and Forecast, By Application
10.5 Europe Waste to Energy Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Waste to Energy Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Waste to Energy Market Share Analysis, By Technologies
11.3 Asia Pacific Waste to Energy Market Size and Forecast, By Waste Type
11.4 Asia Pacific Waste to Energy Market Size and Forecast, By Application
11.5 Asia Pacific Waste to Energy Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Waste to Energy Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Waste to Energy Market Share Analysis, By Technologies
12.3 Latin America Waste to Energy Market Size and Forecast, By Waste Type
12.4 Latin America Waste to Energy Market Size and Forecast, By Application
12.5 Latin America Waste to Energy Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Waste to Energy Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Waste to Energy Market Share Analysis, By Technologies
13.3 Middle East Waste to Energy Market Size and Forecast, By Waste Type
13.4 Middle East Waste to Energy Market Size and Forecast, By Application
13.5 Middle East Waste to Energy Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Suez
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.8 Key Strategies
15.2 Hitachi Zosen Inova AG
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.8 Key Strategies
15.3 China Everbright International Limited
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.8 Key Strategies
15.4 Covanta
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.8 Key Strategies
15.5 Waste Management Inc.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.8 Key Strategies
15.6 Veolia
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Mitsubishi Heavy Industries Ltd
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Xcel Energy Inc.
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Ramboll Group A/S
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Babcock & Wilcox Enterprises, Inc.
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies