The methods utilized for converting municipal waste or solid waste in varied energy forms are referred as waste to energy. The waste produced from industrial, commercial, and domestic users is converted into energy in the form of electricity, steam, and fuel cell. The global waste to energy market is set to grow at a fast pace owing to increasing pressure on the governments for the reduction of volume of waste to control emissions from landfills. Thus, due to the pressing need to prevent excessive global waste generation, various technologies required for conversion of energy-from-waste recovery is set to assume an increased importance. The waste to energy management is a significant part of the waste disposal infrastructure of every country as it is classified under renewable energy sources.
The transition in consumption pattern and population lifestyle and migration of people towards urban areas are leading to the rise in urban waste, thereby increasing the demand for better infrastructure for its reuse and safe disposal. Large number of corporate or energy generating companies have entered into the waste to energy market by employing their facilities. Different types of waste that can be utilized in the waste to energy market include utilization of liquid waste such as domestic sewage, semi-solid waste emanated from industrial factories, and gaseous waste produced in refineries. At present, the thermal power generation sector holds a significant position in the waste to energy market. As of 2012, this segment held around 80% share in the global waste to energy market. The demand for thermal power is increasing owing to the large taxes on municipal solid waste and poorly managed landfills. Thermal technology is inclined towards the reduction of waste amount, thereby resolving the issue of waste accumulation for numerous municipalities. The analysts predict that the biological technology segment is also set to boom in the future.
The waste to energy market can be segmented on the basis of technology such as thermal and biological. Thermal technology can be further subdivided based on oxygen used in the process, such as combustion, gasification and pyrolysis. Biological process is utilized where there is need for anaerobic decomposition of solid waste. Waste to energy management helps nation in preserving energy resources and gaining carbon credits that can be further utilized to obtain profit through carbon credit trading. Also, waste conversion into a beneficial product will further help in the economic development of nation by converting liability into an asset.
Factors such as growing electricity demand along with rising dependency on renewable sources to generate energy due to petrochemical reserves depletion is set to drive the waste to energy market over the forecast period. Various waste management programs are being increasingly adopted by governments to promote power generation, which is resulting in overall industry growth. Also, growing urban population leads to an increase in wastes such as paper, plastic, tetra packs, glass bottles, cardboard boxes, cans, aluminum foil, newspaper, and wood pieces.
The Asia-Pacific waste to energy market is set to double by 2020. Japan is one of the most dominant waste to energy markets in this region, due to increasing adoption of waste to energy technology. Owing to the rapid rise of industrial and residential wastes in China and India, and government support to adopt sustainable energy is set to drive the regional waste to energy market. Some of the key players operating in global waste to energy market include China Everbright International Limited, Covanta Energy Corporation, Constructions industrielles de la Méditerranée (CNIM), Veolia Environnement SA, C&G Environmental Protection Holdings, Waste Management, Inc., and Suez Environment S.A among others.
Market by Technology
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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