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Waste-to-Energy (WTE) Market By Technology (Thermal Technology and Biological Technology) - Global Historical Growth (2013-2017) & Future Outlook (2018-2027) Demand Analysis & Opportunity Evaluation

Published On : 01:47 AM, 12th July, 2018 REP-ID-1069 Category: Energy & Power

Global Waste to Energy Market

Waste to energy finds it usage in producing heat or electricity directly by combustion. It is a process of generating energy with help of bacterial fermentation from major treatment of waste. Waste to energy also produces combustible fuel properties such as synthetic fuels, ethanol, methane and methanol. It uses method of biochemical expertise and modern day combustion techniques to recover energy in form of electricity, steam or heat from urban wastes. Depending on use of outputs and composition, volume of original waste is reduced up to 85% by these new technologies.

Energy at waste-to-energy plants and in some cases landfills is produced by garbage, also known as MSW (Municipal Solid Waste) which comprises of biomass from plant or animal waste such as wastes by grass, wood, paper, leaves, leather products among others. Burning of wastes have a big hand in reducing soil pollution as it reduces the capacity of waste that would possibly be submerged in landfills. Biological machineries are anticipated to gain noteworthy market share over the forecast period.

With increasing awareness towards environmental pollution and rising demand of energy worldwide due to speedy depletion of conservative energy sources, the global waste to energy market is witnessing a boom in global energy advancements for waste management. Financial schemes and proposals to preserve agricultural wastes for energy production are devised by the governments across the globe to support the cause of garbage management to produce and provide clean energy alongside generating income from usage of waste.

Market Size and Forecast

Geographically, Europe was the largest region to account for highest share in global waste to energy market. Due to overall increase in economy, the developing countries in Europe are estimated to boom global waste to energy market with steady growth. With continued growth of waste management regulations in waste to energy plants in Europe, followed by Asia Pacific and North America, the annual worldwide market for waste to energy machineries is estimated to generate moderate CAGR during forecast period. Usage of domestic and industrial waste has provoked authorities to encourage energy generation from waste across the globe. Lack of awareness in developing economies such as Middle East Asia regarding the benefits of waste-to-energy is anticipated to hinder the growth of global waste to energy market whereas in developed regions such as the United States, Germany, Japan and others, there is boost in development of waste-to-energy products due to development of recycling industry.

Waste-to-Energy (WTE) Market Size

According to a recent study conducted by Research Nester, the market for global waste to energy is expected to grow at CAGR of 8.7 % during the forecast period 2018-2027. Worldwide awareness regarding depleting natural resources is major reason behind the fueling of global waste to energy market and is anticipated to generate USD 45 Billion in revenue by the end of 2027. Based on technology type, the global waste to energy market is segmented into biological technology and thermal technology where thermal technology is estimated to dominate global waste to energy market in forecast period.

Market Segmentation:

Our in-depth analysis of the global waste to energy market includes the following segments:

By Technology

  • Biological Technology
  • Thermal Technology

By Region

The global waste to energy market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Poland, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, and Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (MEA) (GCC, North Africa, South Africa and Rest of MEA) Market size, Y-O-Y growth & Opportunity Analysis

Waste-to-Energy (WTE) Market

Growth Drivers and Challenges:

The growth of the market is driven by increasing demand for conversion of energy by solid and municipal waste by safe and environmental friendly waste disposal methods. Demand for constant technological advancements in waste to energy conversion methods is driving the industrialists to collaborate with each other in global waste to energy market. The huge demand for ecological waste management to generate energy is estimated to boom growth of global waste to energy market in forecast period.

The growing number of manufacturers has invested heavily in research and development endeavors keeping in mind the requirements of market to develop advanced products. Moreover, to generate renewable energy from solid wastes, they are enhancing the technologies to further the ease of combustion process. The ease in combustion is achieved by thermal technology. Added by the support of authorities of various economies to sponsor biological technology, this factor is estimated to drive the waste to energy market globally.

Moreover, the rising amount of global waste generation, greenhouse gas emissions, scarcity in power generation and waste management regulations are some of the factors driving the waste to energy market. The expanded and increased use of renewable energy resources by enhancing the public awareness of factors related to waste to energy is estimated to influence the growth of waste to energy market. However, the operational costs and weak management to run waste to energy combustion plants might deter the growth of global waste to energy market.

Key Players

  • Waste Management Inc.
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Veolia Environment
  • Xcel Energy
  • Wheelabrator
  • Hitachi Zosen
  • Keppel Seghers
  • Covanta Energy Corporation
  • Foster Wheeler A.G.
  • Mitsubishi Heavy Industries Ltd.
  • Suez Environments S.A.

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global waste to energy market is segmented as follows:

  • By Product Type Market Size & Y-O-Y Growth Analysis
  • By Distribution Channel Market Size & Y-O-Y Growth Analysis
  • By Price Range Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

key Answers

 

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