Press release
Waste to Energy Market Growth Analysis By Top Key Player - Hitachi Zosen are key notable industry players. Other prominent participants include Mitsubishi Heavy Industries, Foster Wheeler, Xcel Energy, China Everbright International, Plasco Energy, Veolia
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.
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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.
Growing urban population is forecast to be the key contributing factor for increasing MSW such as plastic, glass bottles, paper, tetra pack, cans, newspaper, cardboard boxes, meta items, aluminum foil, and wood pieces.
Other factors such as industrialization, economic development, local climate, and public habits such as leftover food, further contribute towards MSW generation. Increasing MSW is anticipated to positively influence waste to energy market growth from 2016 to 2024. Major countries contributing MSW generation include U.S, China, India, Indonesia, and Brazil.
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.
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.
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 caron emissions.
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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.
Report Content
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Research scope & assumptions
1.2 Data Sources
Chapter 2 Executive Summary
2.1 WTE industry 360 degree synopsis, 2013 - 2024
2.1.1 Current business environment
2.1.2 Regional trends
2.1.3 Technology trends
Chapter 3 Waste to Energy (WTE) Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2013-2024
3.3 WTE Industry ecosystem analysis
3.4 Innovation & sustainability
3.5 Regulatory framework
3.5.1 EU
3.5.2 U.S.
3.5.3 China
3.5.4 India
3.5.5 Japan
3.5.6 Korea
3.5.7 Indonesia
3.5.7.1 Municipal Solid Waste law
3.5.7.2 National Industrial Policy & Environmental Protection & Management law
3.6 Technology landscape
3.6.1 Commercial status of WTE plants
3.6.2 Incineration
3.6.3 Pyrolysis & gasification
3.6.3.1 Pyrolysis
3.6.3.2 Gasification
3.6.4 Plasma Arc
3.6.5 Anaerobic digestion
3.7 WTE Industry Impact forces
3.7.1 Growth drivers
3.7.1.1 Favorable government initiatives
3.7.1.2 Increasing need to reduce GHG emissions from MSW (Municipal Solid Waste)
3.7.1.3 Rising energy needs
3.7.2 Industry pitfalls & challenges
3.7.2.1 High initial cost and lack of awareness
3.8 Growth potential analysis
3.9 WTE cost analysis
3.9.1 Incineration
3.9.2 Pyrolysis & gasification
3.10 Porter's analysis
3.11 PESTEL analysis
Chapter 4 WTE Technology Insights
4.1 WTE market share by technology, 2015 & 2024
4.2 Thermal
4.2.1 Market estimates and forecast, 2013 - 2024
4.2.2 Market estimates and forecast, by region, 2013 - 2024
4.2.3 Incineration
4.2.3.1 Market estimates and forecast from incineration, 2013 - 2024
4.2.3.2 Market estimates and forecast from incineration, by region, 2013 - 2024
4.2.4 Pyrolysis and Gasification
4.2.4.1 Market estimates and forecast from Pyrolysis and Gasification, 2013 - 2024
4.2.4.2 Market estimates and forecast from Pyrolysis and Gasification, by region, 2013 - 2024
4.3 Biological
4.3.1 Market estimates and forecast from biological, 2013 - 2024
4.3.2 Market estimates and forecast from biological, by region, 2013 - 2024
Chapter 5 WTE Regional Insights
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