Waste to Energy Market Highlights:-
The global Waste to Energy market is predominantly driven by the abundance of waste and strict government regulation regarding waste disposal. Rising government penalties on poorly managed waste in the form of landfills are diverting demand towards the Waste to Energy Market. Additionally, government and private entities’ initiatives to save the planet Earth preserving its natural resources, are providing impetus to the market growth to a large extent.
Energy conversion from waste can be obtained by utilising different technologies. Each one of these Waste to Energy solutions has specific characteristics, and can be more or less feasible depending on many parameters. Factors include the type and composition of waste, its energy content, the desired final energy form, the thermodynamic and chemical conditions in which a Waste to Energy plant can operate, and the overall energy efficiency. One of the biggest barriers for Waste to Energy development will be the high technology costs in comparison with landfilling, which is the most financially-effective way of waste disposal. The growth of the Waste to Energy methodology and future technological advancements will most likely drive the costs down for Waste to Energy technologies, making them affordable in developing countries as well. Further research into increasing the energy efficiency of the plants, along with treating outputs from pollutants such as desulfurization of flue gas, is expected to benefit the Waste to Energy technology growth. Bio-chemical treatments of waste are expected to contribute significantly to the industry development, especially in developing countries.
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Industry Key Players:-
- Constructions industrielles de la Méditerranée
- Covanta Energy Corporation
- C&G Environmental Protection Holdings
- Veolia Environnement
- China Everbright International Limited
- Waste Management, Inc
Industry/ Innovation/ Related News:-
January 8, 2018 – Kontrol Energy Corp. (Canada) a leader in energy efficiency management solutions and technology announced that it has been selected by Ontario Education Collaborative Marketplace (OECM) as a contracted supplier for hardware, software and related energy services and technology. Kontrol Energy’s RTEM system features the use of CircuitMeter as a channel partner.
With RTEM systems, facility managers can gain access to building energy consumption data at the circuit level in real time to pinpoint energy usage, identify areas where energy is wasted, and create opportunities to increase efficiency and generate cost savings.
June 26, 2017 – SUEZ (France) a utility company which operates largely in the water treatment and waste management sectors launched Organix®, first digital marketplace in France for organic waste. This innovative platform can connect producers of organic waste (food industry manufacturers, cooperatives, etc.) and methanation unit operators, who transform them into energy.
Waste to Energy Global Market – Competitive Analysis:-
Waste to Energy market will continue to develop globally, as governments across the globe are imposing supportive regulation with subsidies and tax benefits. The need to increase the share of renewable energy and reduce Green House Gas emissions, along with raising environmental consciousness to protect the environment from polluting and unsustainable practices such as landfilling will have a positive impact on Waste to Energy market development. In addition, as waste generation will grow, there will be enough space in the market for new entrants.
Waste to Energy Global Market – Segmentation:-
The scope of global waste to energy market is segmented into two major segments which are explained below:
- By Technology
- By Method
- Anaerobic Digestion
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Regional Analysis of Waste to Energy Market:-
Asia-Pacific is the leading market for the Waste to Energy market with almost half of the market share captured by this region. Rapid economic development in the APAC region is also going to be key for the growth and development of the Waste to energy market. India and China have well established waste management infrastructure which is going to provide immense growth opportunity for growth I this market.
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