Waste-to-Energy technologies consist of any waste treatment process that creates energy in the form of electricity, heat, or transport fuels from a waste source. It helps in the reduction of carbon emissions and refills fossil fuels. Waste-to-energy holds an important role in the sustainable waste management chain.
A significant rise in terms of consumption of power along with an increasing focus on generating energy through renewable sources of energy is anticipated to be an important boosting factor for the overall development of the global Waste to Energy market during the forecast period. Moreover, the growth of the global market is also attributed to the rapid development in the activities of urbanization and industrialization in developing countries in the Asia Pacific such as China and India. Besides, in recent times, there has been substantial growth in investments by the key stakeholders in the global waste to energy market. This key fact is expected to further intensify the growth of the global market in near future.
The prime factor that is responsible to hold back the development of the global waste to energy market is the high initial cost for constructing a waste-to-energy plant. Besides this, many new waste-to-energy projects are being established in the world and supporting the global energy mix steadily in coming years. Additionally, government regulations are as well furling the demand in the waste-to-energy market. These key aspects contribute more to the growth of the global Waste to Energy market.
Covid-19 Impact on Waste to Energy Market
As around one-third of the global population is staying indoors owing to nationwide lockdown, stay-at-home orders, and restrictions on movement, the energy demand has sharply dipped. By the end of 2020, approximately, a decline in 5% of the energy demand was been recorded. Also, waning in corresponding gas and oil demands of 4% and 9%, respectively were registered in 2020. Currently, the energy market is at a historic low with surplus supplies. However, the situation is expected to ease up with a lift in lockdown restrictions and end-use industries start operating with great efficiencies.
Waste to Energy Market Segment Overview
In terms of Technology, the Thermochemical segment occupied the largest revenue share of the global Waste to Energy market in 2019, with incineration thermal technology being a major contributor to revenue growth. A relatively simple process along with easy operations is the growth factor for thermal conversion techniques. Thermal treatment of waste serves as an environmentally sound solution for modern cities by allowing complete combustion of gases released from the waste. In addition to this, Incineration thermal technology provides numerous benefits such as limiting greenhouse gas emissions, preserving energy, and waste volume reduction.
Waste to Energy Market, By Waste Type
· Municipal Solid Waste
· Agricultural Waste
Waste to Energy Market, By Technology
- Thermochemical
- Incineration
- Others
- Biochemical
- Anaerobic Digestion
- Others
· Electricity
· Heat
Waste to Energy Regional Overview
Geographically, Europe commanded a major share of the global Waste to Energy market. Increasing initiatives by the governments, new targets about renewable energy, and growing investments in biogas technology are some major factors that projected to propel the growth of the waste to energy market in Europe in the coming years. In addition to this, approximately 41 new biomethane plants were established in the region in 2016. The waste to energy market in the Asia Pacific is expected to grow rapidly over the forecast period. In many countries in the Asia Pacific, such as Thailand, India, Malaysia, and South Korea, the consumption of energy is constantly increasing. Evolution in industrialization and the growing importance of the renewable source of energy is estimated to boost the market’s growth in this region over the forthcoming years.
Waste to Energy Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Waste to Energy Market Competitor overview
Some key developments and strategies adopted by manufacturers in Waste to Energy are highlighted below.
· In August 2021, Waste-to-energy plants being set up across Haryana may prove a game-changer to deal with the stubble burning menace by not only generating energy and employment but also providing additional income from the crop waste. As per officials of the Haryana Renewable Energy Development Agency (HAREDA), total four paddy straw-based biomass power projects are being set up in state one each in Kurukshetra (15MW), Kaithal (15MW), Jind (9.9MW) and Fatehabad (9.9MW). The fifth plant is being set up at the IOCL’s Panipat refinery and will generate ethanol from paddy waste.
Waste to Energy Market, Key Players
· SUEZ
· Veolia
· Covanta Holding Corporation
· Constructions industrielles de la Méditerranée (CNIM)
· Keppel Corporation Limited
· China Everbright International Limited
· STEAG GmbH
· Future Biogas Limited
· Babcock & Wilcox Enterprises, Inc.
· Gazasia Ltd.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Waste to Energy Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Waste Type
- 5.2.1. Municipal Solid Waste
- 5.2.2. Agricultural Waste
- 5.3. Market Analysis, Insights and Forecast – By Technology
- 5.3.1. Thermochemical
- 5.3.1.1. Incineration
- 5.3.1.2. Others
- 5.3.2. Biochemical
- 5.3.2.1. Anaerobic Digestion
- 5.3.2.2. Others
- 5.3.1. Thermochemical
- 5.4.1. Electricity
- 5.4.2. Heat
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Waste to Energy Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Waste Type
- 6.2.1. Municipal Solid Waste
- 6.2.2. Agricultural Waste
- 6.3. Market Analysis, Insights and Forecast – By Technology
- 6.3.1. Thermochemical
- 6.3.1.1. Incineration
- 6.3.1.2. Others
- 6.3.2. Biochemical
- 6.3.2.1. Anaerobic Digestion
- 6.3.2.2. Others
- 6.3.1. Thermochemical
- 6.4.1. Electricity
- 6.4.2. Heat
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Waste to Energy Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Waste Type
- 7.2.1. Municipal Solid Waste
- 7.2.2. Agricultural Waste
- 7.3. Market Analysis, Insights and Forecast – By Technology
- 7.3.1. Thermochemical
- 7.3.1.1. Incineration
- 7.3.1.2. Others
- 7.3.2. Biochemical
- 7.3.2.1. Anaerobic Digestion
- 7.3.2.2. Others
- 7.3.1. Thermochemical
- 7.4.1. Electricity
- 7.4.2. Heat
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Waste to Energy Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Waste Type
- 8.2.1. Municipal Solid Waste
- 8.2.2. Agricultural Waste
- 8.3. Market Analysis, Insights and Forecast – By Technology
- 8.3.1. Thermochemical
- 8.3.1.1. Incineration
- 8.3.1.2. Others
- 8.3.2. Biochemical
- 8.3.2.1. Anaerobic Digestion
- 8.3.2.2. Others
- 8.3.1. Thermochemical
- 8.4.1. Electricity
- 8.4.2. Heat
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Waste to Energy Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Waste Type
- 9.2.1. Municipal Solid Waste
- 9.2.2. Agricultural Waste
- 9.3. Market Analysis, Insights and Forecast – By Technology
- 9.3.1. Thermochemical
- 9.3.1.1. Incineration
- 9.3.1.2. Others
- 9.3.2. Biochemical
- 9.3.2.1. Anaerobic Digestion
- 9.3.2.2. Others
- 9.3.1. Thermochemical
- 9.4.1. Electricity
- 9.4.2. Heat
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. SUEZ
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Veolia
- 10.6. Covanta Holding Corporation
- 10.7. Constructions industrielles de la Méditerranée (CNIM)
- 10.8. Keppel Corporation Limited
- 10.9. China Everbright International Limited
- 10.10. STEAG GmbH
- 10.11. Future Biogas Limited
- 10.12. Babcock & Wilcox Enterprises, Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
