Global Waste-to-Energy (WtE) Market Forecasts to 2025 - Emerging WtE Technologies, such as DLE, are Expected to Create Significant Opportunities for Market Players

DUBLIN, March 10, 2020 /PRNewswire/ -- The "Waste-to-Energy (WtE) Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

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The world market for waste-to-energy (WtE) is expected to grow at a CAGR of approximately 6.45% during the forecast period of 2020-2025.

An increasing amount of waste generation and growing concern for its management to meet the need for sustainable urban living and increasing focus on non-fossil fuel sources of energy are driving the adoption of waste-to-energy market.

The market is restrained by the expensive nature of incinerators, particularly as energy prices decline and a number of plants are unable to cover operating costs. Further, several European countries and Japan are planning to focus more on recycling, which saves three to five times more energy and hence, restraining the waste-to-energy market.

The global waste-to-energy (WtE) market is fragmented in nature. The key players in this market include Mitsubishi Heavy Industries, Waste Management, A2A, Veolia Environnement, Hitachi Zosen Corp, China Everbright International, and China Jinjiang Environment Holding Company.

Key Highlights

    --  Thermal technology is expected to dominate the waste-to-energy market in
        2019 owing to the increasing development in the incineration and
        gasification technologies, as well as the increasing amount of waste
        generated, especially from the growing economies of Asia-Pacific.
    --  Emerging waste-to-energy technologies, such as Dendro Liquid Energy
        (DLE), which is four times more efficient in terms of electricity
        generation, with additional benefits of no emission discharge and
        effluence problems at plant sites are expected to create significant
        opportunities for the market players, over the coming years.
    --  Asia-Pacific dominated the market across the globe, with majority of
        demand coming from China and Japan.

Major Market Trends

Growing Demand for Thermal-Based Waste-to-Energy Conversion

    --  As of 2019, thermal technology is expected to account for the highest
        market share in the global waste-to-energy market. This trend of
        dominance by the thermal division is expected to continue in the coming
        years owing to the increasing developments in the technologies of
        incineration and gasification.
    --  It is estimated that plants, which utilize cogeneration of thermal power
        (heating and cooling), together with electricity generation can reach
        optimum efficiencies of 80%.
    --  In the present scenario, incineration is the most well-known
        waste-to-energy technology for Muncipal Solid Waste (MSW) processing.
        However, waste-to-energy technologies, particularly incineration,
        produces pollution and carry potential health safety risks. In order to
        reduce particulate and gas phase emissions, incineration plant owners
        have adopted a series of process units for cleaning the flue gas stream,
        which has, in turn, led to a significant improvement in terms of
        environmental sustainability.
    --  The thermal-based waste-to-energy conversion is expected to lead the
        market, particularly in growing economies of Asia-Pacific, where rising
        urban population is expected to be the key contributing factor for
        increasing municipal solid waste (MSW). Other factors, such as
        industrialization, economic development would also contribute towards
        MSW generation, which is further expected to influence the growth of the
        thermal based waste-to-energy market.

Asia-Pacific to Dominate the Market

    --  Asia-Pacific has witnessed significant development in the
        waste-to-energy industry in the past few years and has dominated the
        market across the globe with increasing efforts taken by the government
        in adopting better MSW management practices, providing incentives for
        waste-to-energy projects in the form of capital subsidies and feed in
        tariffs, and providing financial support for R&D projects on cost
        sharing basis.
    --  Due to economic development and rapid urbanization in China, the
        generation of municipal solid waste (MSW) has been increasing rapidly in
        the country. Therefore, the effective disposal of municipal solid waste
        has become a serious environmental challenge in China.
    --  In China, the number of incineration plants has increased from 74 in
        2008 to 286 in 2017. Also, Beijing is planning to double its
        incineration capacity, and burn 54% of the MSW by 2020. Under Chinese
        President Xi Jinping's plan to tackle pollution, the incineration
        industry is expected to continue its expansion, in order to replace
        stinky, polluting, land-intensive garbage dumps. Moreover, with its
        burgeoning economy producing vast quantities of garbage (increasing
        8-10% annually), China is turning to new facilities that burn solid
        waste to produce electricity.
    --  Japan has been one of the leading markets for waste-to-energy in
        Asia-Pacific. The waste-to-energy market in the country is driven by
        efficient solid waste management and financial support for
        waste-to-energy projects from both national and local governments.
        Moreover, with the aim of preserving the environment, the country is
        expected to introduce waste management and recycling technologies, which
        effectively turns waste into resources or appropriately dispose it off.
    --  Therefore, factors such as increasing amount of waste generated along
        with the efforts taken by various governments to tackle this situation
        are expected to boost the demand for waste-to-energy plants in the
        coming years.

Key Topics Covered

1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast, in USD million, till 2025
4.3 Municipal Solid Waste (MSW) Generation (in billion metric ton), 2018-2025
4.4 Number of Incineration Plants, Forecast, till 2025
4.5 Per Capita Waste Generation (2018-2025)
4.6 Waste Generation, by Source, 2018
4.7 Government Policies and Regulations
4.8 Recent Trends and Developments
4.9 Market Dynamics
4.9.1 Drivers
4.9.2 Restraints
4.10 Supply Chain Analysis
4.11 Porter's Five Forces Analysis

5 MARKET SEGMENTATION
5.1 Technology
5.1.1 Physical
5.1.2 Thermal
5.1.3 Biological
5.2 Geography
5.2.1 Asia-Pacific
5.2.2 Americas
5.2.3 Europe
5.2.4 Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Mitsubishi Heavy Industries Ltd.
6.3.2 Waste Management Inc.
6.3.3 A2A S.p.A.
6.3.4 Veolia Environnement S.A.
6.3.5 Hitachi Zosen Corp
6.3.6 MVV Energie AG
6.3.7 Martin GmbH
6.3.8 Babcock & Wilcox Volund A/S
6.3.9 China Jinjiang Environment Holding Co. Ltd.
6.3.10 Suez S.A.
6.3.11 Xcel Energy Inc.
6.3.12 Wheelabrator Technologies Inc.
6.3.13 Covanta Holding Corp.
6.3.14 China Everbright International Limited

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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