Waste to Energy Market Size, Share and Global Trend By Technology (Thermo-chemical, Biochemical), By Waste Type (Municipal Solid Waste, Process Waste, Agriculture Waste), By Application (Electricity, Heat) and By Geography Forecast till 2022-2029

Waste to energy conversion technologies helps to convert non-recyclable and recyclable waste products into a useful form of energy. The decrease in the availability of land for landfills and the increasing quantity of waste day-by-day has augmented the need for waste to be deployed in other areas of use. The need for an alternative source of energy and growing concerns over environmental issues have added value to, waste-to-energy market. Wastes have been utilized for the production of thermal energy. The thermal energy produced is further utilized for the generation of electricity.

On the basis of the type of technology, waste to energy market can be segmented into thermochemical, and biochemical. Incineration is the widely used thermal technique for the generation of thermal energy followed by anaerobic digestion which is a type of biochemical technique. On the basis of waste used for energy generation, waste to energy market can be segmented into municipal solid waste, process waste, agricultural waste, and others. Municipal solid waste is the maximum waste generated therefore most of the energy produced is by municipal solid waste. On the basis of application, waste to energy market can be segmented into electricity, heat, and others.

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The major market driver for global waste to the energy market is the increase in demand for a renewable sources of energy to fulfill the demand for electricity and heat at various application verticals. Also, increasing awareness about the decrease in the carbon footprints and recycling of waste to produce energy is driving the market growth of the waste-to-energy market. Key market restraint for the global waste to energy market is the high initial cost for the construction of the treatment plant. Also, the average payback time of an anaerobic digestion plant is more than 5 years.

KEY PLAYERS COVERED

Some of the notable companies in the global waste to energy market are Veolia, China Everbright, Covanta, EDF, Suez environment, Ramboll group, Wheelabrator, Allseas, Attero, Viridor, AVR, GCLl poly, China metallurgical group, Clean association of Tokyo 23, and Chongqing iron and steel company.

SEGMENTATION

REGIONAL ANALYSIS

The global waste to energy market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, the USA has a maximum of waste produced. The USA is making considerable efforts to convert this waste to energy in the form of electric, and heat energy. In Europe, Sweden and Denmark have shown great growth in generating energy from waste, followed by the UK, Germany, Norway. In Asia Pacific, incineration is the most common technology used for the conversion of waste to energy. Japan dominates the Asia Pacific region followed by China, UAE, and India. In Latin America, Brazil and Mexico have seen a shift towards waste to energy conversion techniques in recent years.

KEY INDUSTRY DEVELOPMENTS

• In February 2019, Fiberight announced about opening a new advanced recycling facility in Hampden by April 2019. With its hi-tech processes, the plant will break down materials and convert them into biofuel using pulping and anaerobic digestion


• In May 2018, UAE’s national federal council passed new legislation which aims at 75% recycling of all the municipal solid waste by 2021 with zero percent landfill target till the end of 2020


• In November 2018, Ramboll announced its first waste to energy plant to be installed in Australia. The plant has the potential to reduce co2 emissions by 200,000 tonnes per year. It will be capable of processing 400,000 tonnes of waste per year and producing 36MW of electricity, enough to power 50,000 homes