Waste to Energy Market Detailed Global Analysis Report by Key Players - Hitachi Zosen, Mitsubishi Heavy Industries, Foster Wheeler, Keppel Seghers, Xcel Energy, Plasco Conversion Technologies, Wheelabrator Technologies, Covanta, C&G Environmental Protecti
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. Converting MSW as feedstock and help to enhance streams process are key factors fostering incineration technology market growth.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Keppel Seghers
• Hitachi Zosen
• Mitsubishi Heavy Industries
• Foster Wheeler
• Xcel Energy
• China Everbright International
• Plasco Energy
• Veolia Environment
• Green Conversion Systems
Waste to energy is the process of producing energy in the form of electricity or it is known as the form or energy recovery. The regional analysis market is led by European market with leading markets in France, UK and Germany. This market is anticipated to grow moderately and record revenue of USD $15.5 billion by year 2023.
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.
Thermal technology based incineration process in U.S. WTE market size was valued at over USD 1.8 billion. It is widely used for recovering energy from waste. Modernized thermal incineration equipments can replace existing ageing equipments and contribute towards lowering carbon emissions.
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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.
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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