Waste to energy refers to a process for converting solid waste produced from various commercial, industrial and domestic users into either heat or electricity. The waste to energy is a type of energy recovery. Most of the waste to energy processes generates heat or electricity directly by combustion, or generate a combustible fuel commodity that includes ethanol, methanol, methane or synthetic fuels. Various technologies are used for processing waste and each of this technology has a different procedure. However, the end-product derived from these technologies is in the form of steam, electricity or fuel cell. The energy created from waste is consumed by sectors such as industrial, commercial and residential. The reuse and recycle of solid waste is preferred by any country in order to decrease the amount of waste. This helps in recovering the monetary value from different types of waste generated such as plastic, tin cans and others.
Factors such as increased landfill tax, energy security and GHG emissions from landfills are driving the market growth for waste to energy market. Furthermore, the government of different nations provide grants and incentives for waste to energy facilities and is a key factor for influencing the market positively. Waste to energy is acknowledged as one of the sources of renewable energy and thus, is encouraged by several government policies. These government policies further attract various investors to invest in the market for renewable energy resulting in the increased market share.
The global market for waste to energy is segmented on the basis of technology outlook into thermal and biological. The thermal segment is further sub-segmented into incineration, pyrolysis and gasification. Furthermore, the geography segment includes North America, Latin America, Asia-Pacific, Middle East & Africa and Europe. Thermal technology segment has captured a large share of the total waste to energy market attributed to its ability to reduce the weight and volume of the waste. Thermal technology is known from many years and several plants engaged in waste to energy processing use thermal energy owing to its simple operation and technology. Moreover, constant improvements are made with an aim to decrease the emission of gas contaminants and to fulfill various regulatory norms. Whereas, pyrolysis and gasification thermal technologies have limited use owing to their high cost and feed selectivity. The companies are investing on the research and development of these technologies for making them cost-effective.
Presently, Asia-Pacific is dominating the market for waste to energy. The region has a number of developing nations such as Japan, India and China that are driving the market demand particularly. Also, India and China are the world’s two most populated nations and have the potential to produce a huge amount of waste which provides the feed to energy plants for generating energy through waste to energy process. These developing nations are highly focused on their practices of waste to energy with a view to enhance the quality of life. Furthermore, these countries are using environment friendly methods of waste to energy rather than dumping the waste in an open area or land filling resulting in reduction of GHG emission.
The European market for waste to energy is highly developed but is experiencing a stagnant growth due to reduction in investments in waste to energy plants after the European crisis. Some of the chief players in the waste to energy market are C&G Environmental Protection Holdings Ltd, Constructions industrielles de la Méditerranée, China Everbright International Limited, Foster Wheeler AG, Covanta Energy Corporation, Suez Environment S.A, KEPPEL SEGHERS, Veolia Environnement, The Babcock & Wilcox Company, Waste Management, Inc., and Xcel Energy among others.
Market by Technology
Market by End User
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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