According
to the report, 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.
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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 minimize 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.
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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 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.
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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.
Key
Segments of the Global Waste to Energy Market
Waste
to Energy Market: Technology Analysis
- Thermal
- Biological
Waste
to Energy Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
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