Zion Market Research has published a new report titled “Waste to Energy (Thermal and Biological Technology) Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020” According to the report, the global waste to energy market was valued at approximately USD 24.0 billion in 2014 and is expected to reach approximately USD 36.0 billion by 2020, growing at a CAGR of around over 7.5% between 2015 and 2020.
Waste to energy (WtE) is a waste treatment process that generates energy in the form of electricity, heat or fuels from both organic and inorganic wastes. Advanced waste to energy technologies can be used to produce biogas, syngas, and liquid biofuels. These fuels can then be converted into electricity. Waste feedstock includes agricultural waste, municipal solid waste and industrial waste. Energy can be recovered from waste by various technologies such as biological and thermal technology. Biological and thermal technologies used to convert waste matter into different forms of fuel that can be used to supply energy.
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Based on technology, the global waste to energy market has been segmented into thermal and biological. Thermal technology was the dominant segment in 2014 due to widely used form of energy generation through waste matters. Biological technologies are used for anaerobic digestion of solid waste to produce energy which is biodegradable content and hence are mostly preferred by farmers. This segment is anticipated to witness fastest growth over the forecast period in emerging economies such as Japan and China.
The major driving factor for the global waste to energy market is rapidly growing energy demand coupled with shift in trends towards developing renewable energy. Advancements in technology in order to improve the efficiency of energy recovered from waste matter is expected to open opportunities for the waste to energy market over the forecast period. One of the major problems associated with renewable energy is lack of awareness regarding waste to energy benefits especially in developing economies. Another major restraining factor for renewable energy includes the fact that it generates electricity at relatively higher tariffs.
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Europe dominated the global waste to energy market with over 45.0% share in total revenue generated in 2014. Europe closely followed by Asia Pacific. However, with increased advance technology penetration in Japan and China, Asia Pacific is expected to witness robust growth during 2015 to 2020. Latin America and Middle East & Africa are also expected to experience significant growth of waste to energy market in the years to come.
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Some of the key players in Waste to energy market Foster Wheeler A.G., C&G Environmental Protection Holdings Ltd., Veolia Environment, Suez Environment S.A., KEPPEL SEGHERS, Babcock & Wilcox Co., Xcel Energy, Covanta Energy Corporation, Constructions industrielles de la Méditerranée (CNIM), China Everbright, International Limited and Waste Management Inc.
This report segments the global waste to energy market as follows:
Global Waste to Energy Market: Technology Segment Analysis
Global Waste to Energy Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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