Industry Background:
Waste-to-Energy is also known as Energy-from-Waste refers to the process of generating electricity and/or heat directly through combustion, or produce a combustible fuel commodity. The energy generated from this process is similar to energy produced using natural gas, oil, coal or another method. The waste to energy is expected to reduce the Municipal Solid Waste landfill by 90% which can further reduce carbon dioxide (CO2) emission the waste generated.
According to AMA Research, the market for Waste to Energy is expected to register a CAGR of 8.25% during the forecast period to 2030. This growth is primarily driven by Increasing Demand For Conversion Of Energy By Solid And Municipal Waste By Safe And Environmental Friendly Waste Disposal Methods.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Energy & Resources sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Amec Foster Wheeler (United Kingdom), Veolia Environment (France), Suez Environment S.A. (France), Waste Management Inc. (United States), Babcock & Wilcox Co. (United States), C & G Ltd. (Hong Kong), Keppel Seghers (Singapore), Babcock and Wilcox (United States), Covanta Energy Corp. (United States), Hitachi Zosen Inova AG (Japan) and ADI Systems Inc. (Canada), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March 2018, Mitsubishi Heavy Industries Environmental & Chemical Engineering Co. Ltd (MHIEC) was awarded an order from Kawasaki City (Kanagawa Prefecture), to build its Tachibana Waste to Energy (WtE) Plant in Japan. Once completed, the municipal solid waste incineration plant is expected to have a total waste treatment capacity of 600 metric tons per day.
In September 2021, United Nations Development Programme (UNDP) launched a unique waste-to-energy (WtE) initiative in Lahj governorate. The first of its kind, the plant is a new method of producing energy that may revolutionize the governorate’s approach to addressing waste management.Competition among existing players is due to the Waste to Energy market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Waste to Energy market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage.
Regulatory Insights:
According to World Bank estimates, the world’s waste generation is projected to nearly double in volume by 2025 to reach 6 Mn tons of waste per day. The Organization for Economic Co-operation and Development (OECD) member economies accounted for approximately half of the world’s waste in 2016. However, waste generation is primarily expected to be driven by emerging economies in Latin America and the Asia Pacific in near future due to growing consumption of plastics across applications such as packaging, construction and consumer goods. Also, growth in developing economies’ waste production is expected to have a positive impact on waste to energy market as governments introduce new policy. The government of India’s target for sustainable energy generation of 175 GW by 2022 will include 10 GW capacity from waste to energy facilities.
Influencing Trend:
Demand For Constant Technological Advancements In Waste To Energy Conversion Methods
Market Growth Drivers:
Increasing Demand For Conversion Of Energy By Solid And Municipal Waste By Safe And Environmental Friendly Waste Disposal Methods
Challenges:
Lack of Environmental Laws
Restraints:
Availability of Low-Cost Feedstock has Significantly Reduced the Costs of Production of Conventional Plastic
Opportunities:
Growing Power Consumption Worldwide and Focus on Renewable Power Sources
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Waste to Energy Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Waste to Energy Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Waste to Energy players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Waste to Energy Study Sheds Light on
The Waste to Energy Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Waste to Energy industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Waste to Energy industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.