• Electrical India
  • Nov 5, 2015

 According to a latest research report, titled, ‘Waste to Energy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,’ published by Trasparency Market Research, the global waste to energy market will expand at an 8.1% CAGR during the forecast period from 2013 to 2019. In 2012, the global waste to energy market was valued over US$18.4 bn and by 2019, the market is projected to be worth more than US$31.8 bn.

  The global waste to energy market is driven by the rising concern towards energy security and growing regulatory support and funding. In addition to this, factors such as the reduced greenhouse gas emission from landfills and tax increment on landfills will also drive the global waste to energy market. On the other hand, the global waste to energy market will be restrained by the high initial cost associated with setting up waste to energy plants.

  On the basis of technology, the global waste to energy market is divided into thermal and biological. At present, the thermal technology sector dominates the market in terms of revenue, while the biological technology sector is projected to demonstrate the fastest growth during the forecast period. In 2012, the thermal technology sector held a massive market share of 80% in the global waste to energy market. The thermal technology sector is driven by the strong demand due to increased taxes on landfills, the ability of thermal technology to minimise the amount of waste, and the elevated amounts of municipal solid waste. By geography, the global waste to energy market is segmented into Asia Pacific, Europe, North America and Rest of the World (RoW). At present, Asia Pacific dominates the global waste to energy market and generates more than 40% of the total market revenue. The Asia Pacific waste to energy market is expected to witness healthy growth during the forecast period. This regional market is fueled by rising economic development and accelerating disposable income.

  At present, Japan has the highest level of sustainable waste management, while China and India have the potential to generate massive volume of wastes that can be used in waste to energy plants. The 11th Five-Year Plan of China (2006 to 2011) has also helped in the construction of many new waste to energy facilities in the nation, which has further fueled the Asia Pacific market. Furthermore, backed by the growing trend of improving the quality of life in developing regions in Asia Pacific, these countries are increasingly focusing on waste to energy practices. This will in turn fuel the overall growth of the waste to energy market.

  Previously, Europe was the leading contributor in the global waste to energy market due to the incorporation of highly advanced technologies to treat solid waste. However, the current economic stagnation and dependency on certain countries due to landfills has restricted the market, which has shown a less-than-impressive performance in the past few years.

  Players in the global waste to energy market are projected to benefit from the ever-growing population and accelerating disposable income fueling waste generation.

  Some of the key players operating in the global waste to energy market are China Everbright International Limited, C&G Environmental Protection Holdings, Covanta Energy Corporation, Constructions industrielles de la Méditerranée (CNIM), Suez Environment S.A, Waste Management, Inc. and Veolia Environnement.