Title: WASTE TO ENERGY (WTE) MARKET OUTLOOK 2016 – 2023
1Waste to Energy (WTE) Market Global Industry
Analysis Report, Share, Size, Growth, Price
Trends and Forecast, 2016 2023 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
2Global Market Scenario of Waste to Energy
Technology
- Measures adopted by regional governments for
municipal solid waste (MSW) treatment and develop
disposal techniques may trigger waste to energy
market size growth.Increasing MSW in landfills
should serve as abundant source of raw material
to WTE operators. - Thermal process based waste to energy market size
was dominant and may register over USD 27 billion
revenue with moderate gains up to 2023.Thermal
based incineration technology is the most
commonly used platform for energy recovery and is
currently more popular in Europe Japan and
currently picking up pace in China. - Alternative thermal technologies such as
gasification, pyrolysis and plasma arc
gasification already exist but are relatively new
in applications for WTE market size. Currently,
alternative thermal treatment facilities are
limited with most of the plants operational in
Japan.
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- Favorable regulations coupled with government
schemes in the form of tax incentives are likely
to propel waste to energy market size growth.
Government policies can play a major role in
forming incentive schemes for regional industry
growth. The policy development with respect to
solid waste management is centralized in Asia
Pacific and Europe, whereas in the U.S., local
governments are majorly responsible for solid
waste management with central government playing
a small role in legislation development. - Biological technologies typically consist of
anaerobic digestion system and are deployed on
commercial basis where regulatory authorities
prohibit organic waste disposal in landfills. The
U.S., Germany, Denmark and France have employed
biological based anaerobic digestion systems for
MSW processing with resulting biomass used for
electric generation, process heating and
automobile applications. - High commissioning and component installation
cost may restrict WTE market size growth. Low
awareness and lack of technical know-how in
Africa and Latin America may also affect overall
industry growth.
4U.S. Waste to Energy (WTE) Market share, by
technology, 2012-2023 (USD billon)
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6360 Analysis
- Regional Analysis
- Increased waste production along with regulatory
compliance to minimize environmental impact are
key factors driving Europe waste to energy market
growth. The region has come up with various
directives including Waste Framework and Landfill
which may help in setting waste recycling targets
through incineration techniques and landfills.
The regional thermal technology was valued at
over USD 7 billion in 2015. Germany, UK, and
France are major contributing countries due to
the presence of efficient solid waste management
systems. - Competitive Market Share
- Global waste to energy market share is
competitive in nature with Wheelabrator, Covanta,
Tenologies, Hitachi Zosen, and Keppel Seghers
being the major industry players. Some companies
are integrated MSW management companies and have
presence across the value chain. Other major
industry participants are Foster Wheeler,
Mitsubishi Heavy Industries, China Everbright
International, Xcel Energy, Green Conversion
Systems, Plasco Energy and Veolia Environment. - Industry Background
- In Europe, WTE market projects are funded by the
EU and national government funds as the
technology providers and waste management
companies specifically agree on legally binding
targets and timelines. Also private companies and
International Financial Institutions also fund
the waste management industry with respect to
policy focus on waste management.
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