Press release
Global Waste to Energy Market Brief Analysis by Top Key Players Keppel Seghers, Tenologies, Wheelabrator, Covanta and Hitachi Zosen, Mitsubishi Heavy Industries, Foster Wheeler, Xcel Energy, China Everbright International, Plasco Energy, Veolia Environmen
Europe, led by UK, Germany, Italy and France biological waste to energy market should generate over 5.5% growth to exceed USD 2.5 billion by 2024. Anaerobic based biological process is gradually improving and may replace composting step for biodegradable waste treatment generated from MSW.
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Waste to Energy Market size is expected to reach USD 35.5 billion by 2024; according to a new research report.
Increasing municipal solid waste (MSW) adoption as a fuel to generate renewable energy via thermal and biological techniques will drive industry growth. Thermal technology dominated the total share in 2015. In addition, incineration waste to energy market may witness significant growth, the technology was already valued at over USD 12.05 billion in 2015. Converting MSW as feedstock and help to enhance streams process are key factors fostering incineration technology market growth.
Increasing electricity demand along with growing dependency on renewable sources to generate energy due to depleting petrochemical reserves is likely to drive waste to energy market over the forecast timeframe. MSW management programs adopted by regional governments to promote power generation will further boost industry growth. Additionally, the U.S. recognition to include WTE to do their renewable energy targets may spur regional industry growth.
WTE can attract stable tipping fees compared to landfills and help in reducing GHG emissions from MSW in landfills. In addition, government has made target towards renewable energy use. EU has set target to derive 20% energy from renewable sources owing to boost waste to energy demand.
Key insights from the report include:
Thermal technology based incineration process in U.S. WTE market size was valued at over USD 1.8 billion in 2015. It is widely used for recovering energy from waste. Modernized thermal incineration equipments can replace existing ageing equipments and contribute towards lowering carbon emissions.
Pyrolysis and gasification process in Germany registered demand of over USD 0.69 billion in 2015. It is used to convert waste into energy-rich fuels by heating under controlled conditions and converts into energy and ash.
APAC, driven by China, India, Japan and Australia waste to energy market should achieve over 7.5% growth. Stringent environmental regulations coupled with investment spending should stimulate industry growth.
LATAM, driven by Argentina, Chile and Brazil WTE market size is set to witness gains at over 7.5%. The Brazilian government has set an initiative to increase electricity production from renewable sources and reduce GHG.
Global waste to energy market share is competitive. Keppel Seghers, Tenologies, Wheelabrator, Covanta and Hitachi Zosen are key notable industry players. Other prominent participants include Mitsubishi Heavy Industries, Foster Wheeler, Xcel Energy, China Everbright International, Plasco Energy, Veolia Environment and Green Conversion Systems.
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Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Waste to Energy (WTE) Industry Insights
Chapter 4 WTE Technology Insights
Chapter 5 WTE Regional Insights
Chapter 6 Company Profiles
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