Waste to Energy Market, By Technology (Physical, Thermal and Biological-Based Technology) and Geography (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) Analysis, Share, Trends, Size, & Forecast from 2014 2025
REPORT HIGHLIGHT
The Waste to Energy market was valued at USD 28.9 billion by 2017, growing with 5.6% CAGR during the forecast period, 2019-2025
Market Dynamics
Waste-to-energy process (WTE) is recognized as a renewable resource that treats waste products to recover energy in the form of alternative fuels such as biogas. Increasing focus towards substituting coal by renewable energy sources to decrease carbon footprints is likely to boost the market growth. The rise in industrial and domestic waste has also encouraged various governments across the world to support energy generation from waste. Government encouragement in the form of financial incentives and tax benefits coupled with promising regulatory policies are having a positive impact on market growth. This trend is likely to continue for the next eight years.
Furthermore, growing environmental worries towards the use of non-renewable energy resources and growth in recycling industry among different developed markets including Japan, Netherlands, Germany, and the U.S. is expected to boost the market growth in near future. Many firms have adopted this technology to decrease waste produced and simultaneously provide captive power. Renaissance Center adopted by General Motors converts and reuses over five million tons of waste towards creating energy and avoiding landfills. Emission of methane gas from landfills because of waste decomposition is a primary reason for utilizing landfills as a mean of waste management.
Over two-thirds of municipal solid waste produced is consumed by landfills this is supporting the high potential growth of the market. The high calorific value of waste leads to a lot of worthy addition to the feed and eases the process of ignition. Greenhouse emissions have become a significant challenge for energy production by thermal or other forms of power generation. However, lack of awareness towards waste to energy benefits mainly in developing parts of Africa and the Asia Pacific is likely to restrain the market growth.
Different countries in these regions have implemented low-cost landfilling technology to tackle the waste produced by industrial and residential activities. Landfills are more preferred in these areas as installation expenses associated with waste to energy technology are very high. Lack of flexibility in handling waste is limiting market growth in many regions.
Technology Takeaway
Global waste to energy market is segmented by technology used. The market is classified as physical, thermal and biological-based technology. Of which, thermal technology is further categorized as plasma-arc gasification, pyrolysis, and thermal gasification and incineration/combustion.
Market by biological technology is classified as fermentation, biogas plants/anaerobic digestion and landfill gas or methane capture. Biological and thermal technologies oversee the market. Thermal technology is mostly used for power generation by waste. Important factors supporting the growth of thermal segment include ease of operations and a relatively simpler process.
Hazardous fuel gasses emitted by thermal waste to energy generation process which may affect the human health have been a reason for major concern. Developments like fuel gas desulfurization to decrease harmful gas emission is likely to emerge as a major challenge faced by this technology. In biological technology, energy is generated by anaerobic decomposition of solid by-product. This technology is likely to experience major growth in the next eight years. Rising market potential of developing markets is likely to support market growth.
Regional Takeaway
Europe dominates the worldwide market owing to the increasing importance to decrease industrial by-product along with a growing focus on waste management. Nations including the Netherlands, Austria, and Germany have employed this technology to produce energy from the industrial by-product.
Asia Pacific market is majorly overseen by Japan by using close to 60% of its solid waste for ignition and subsequently generating power through it. The increase in residential and industrial by-product carry huge potential in Indian and Chinese markets. Inclination towards renewable power generation along with speedy industrialization is estimated to fuel waste to energy market growth in Asia Pacific region.
Key Vendors Takeaway
Waste to energy market across the world is highly competitive in nature. Firms are focusing on scientific and technological developments to dominate the market share. Some of the key players in the global market include Ze-gen, Wheel aerator Technologies, Inc., Veolia Environmental Services, Velocys, Tire, Takuma, Red Lion Bio-Energy, Ginetiq, Pyrogenesis Canada, Inc., and Plasco Energy Group, Inc.
Some of the other major players include Pacific Renewable Fuels, Inc., Martin Gmbh, Keppel Integrated Engineering Ltd., Ist Energy Corporation, Integrated Environmental Technologies, Inc, Highmark Renewable, Haase Energie Technik AG, Foster Wheeler, Flexenergy Llc, and Fisia Babcock Environment Gmbh.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 to 2017
- Base Year – 2018
- Estimated Year – 2019
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TECHNOLOGY
- Physical
- Biological
- Thermal
- Pyrolysis
- Incineration
- Gasification
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. WASTE TO ENERGY MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Technology
2.1.2. Market Snippet by Region
2.2. Competitive Insights
3. WASTE TO ENERGY KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. WASTE TO ENERGY INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. WASTE TO ENERGY MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. WASTE TO ENERGY MARKET – BY TECHNOLOGY
6.1. Overview
6.1.1. Segment Share Analysis, By Technology, 2018 & 2025 (%)
6.2. Physical
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Biological
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Thermal
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4.3. Pyrolysis
6.4.3.1. Overview
6.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4.4. Incineration
6.4.4.1. Overview
6.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4.5. Gasification
6.4.5.1. Overview
6.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. WASTE TO ENERGY MARKET– BY GEOGRAPHY
7.1. Introduction
7.1.1. Segment Share Analysis, By Region, 2018 & 2025 (%)
7.2. North America
7.2.1. Overview
7.2.2. Key Manufacturers in North America
7.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Billion)
7.2.4. North America Market Size and Forecast, By Technology, 2014 – 2025 (US$ Billion)
7.2.5. U.S.
7.2.5.1. Overview
7.2.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.2.6. Canada
7.2.6.1. Overview
7.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Europe
7.3.1. Overview
7.3.2. Key Manufacturers in Europe
7.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Billion)
7.3.4. Europe Market Size and Forecast, By Technology, 2014 – 2025 (US$ Billion)
7.3.5. France
7.3.5.1. Overview
7.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.6. Germany
7.3.6.1. Overview
7.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.7. Rest of Europe
7.3.7.1. Overview
7.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Asia Pacific (APAC)
7.4.1. Overview
7.4.2. Key Manufacturers in Asia Pacific
7.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
7.4.4. Asia Pacific Market Size and Forecast, By Technology, 2014 – 2025 (US$ Million)
7.4.5. India
7.4.5.1. Overview
7.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4.6. China
7.4.6.1. Overview
7.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4.7. Japan
7.4.7.1. Overview
7.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4.8. South Korea
7.4.8.1. Overview
7.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4.9. Rest of APAC
7.4.9.1. Overview
7.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Latin America
7.5.1. Overview
7.5.2. Key Manufacturers in Latin America
7.5.3. Latin America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
7.5.4. Latin America Market Size and Forecast, By Technology, 2014 – 2025 (US$ Million)
7.5.5. Brazil
7.5.5.1. Overview
7.5.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5.6. Mexico
7.5.6.1. Overview
7.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5.7. Argentina
7.5.7.1. Overview
7.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5.8. Rest of LATAM
7.5.8.1. Overview
7.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.6. Middle East and Africa
7.6.1. Overview
7.6.2. Key Manufacturers in Middle East and Africa
7.6.3. Middle East and Africa Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
7.6.4. Middle East and Africa Market Size and Forecast, By Technology, 2014 – 2025 (US$ Million)
7.6.5. Saudi Arabia
7.6.5.1. Overview
7.6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.6.6. United Arab Emirates
7.6.6.1. Overview
7.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. KEY VENDOR ANALYSIS
8.1. Ze-gen
8.1.1. Company Snapshot
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Wheel Aerator Technologies, Inc.
8.3. Veolia Environmental Services
8.4. Velocys
8.5. Tire
8.6. Takuma
8.7. Red Lion Bio-Energy
8.8. Ginetiq
8.9. Pyrogenesis Canada, Inc.
8.10. Plasco Energy Group, Inc.
9. 360 DEGREE ANALYSTVIEW
10. APPENDIX
10.1. Research Methodology
10.2. References
10.3. Abbreviations
10.4. Disclaimer
10.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Waste to Energy market: Technology snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Technology
TABLE Global Waste to Energy market, by Technology 2014-2025 (USD Billion)
TABLE Waste to Energy market: regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by region
TABLE Global Waste to Energy market, by region 2014-2025 (USD Billion)
TABLE North America Waste to Energy market, by country, 2014-2025 (USD Billion)
TABLE North America Waste to Energy market, by Technology, 2014-2025 (USD Billion)
TABLE Europe Waste to Energy market, by country, 2014-2025 (USD Billion)
TABLE Europe Waste to Energy market, by Technology, 2014-2025 (USD Billion)
TABLE Asia Pacific Waste to Energy market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Waste to Energy market, by Technology, 2014-2025 (USD Million)
TABLE Latin America Waste to Energy market, by country, 2014-2025 (USD Million)
TABLE Latin America Waste to Energy market, by Technology, 2014-2025 (USD Million)
TABLE Middle East and Africa Waste to Energy market, by country, 2014-2025 (USD Million)
TABLE Middle East and Africa Waste to Energy market, by Technology, 2014-2025 (USD Million)
List of Figures
FIGURE Waste to Energy market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Technology segment market share analysis, 2018 & 2025
FIGURE Technology segment market size forecast and trend analysis, 2014 to 2025 (USD Billion)
FIGURE Physical market size forecast and trend analysis, 2014 to 2025 (USD Billion)
FIGURE Biological market size forecast and trend analysis, 2014 to 2025 (USD Billion)
FIGURE Thermal market size forecast and trend analysis, 2014 to 2025 (USD Billion)
FIGURE Pyrolysis market size forecast and trend analysis, 2014 to 2025 (USD Billion)
FIGURE Incineration market size forecast and trend analysis, 2014 to 2025 (USD Billion)
FIGURE Gasification market size forecast and trend analysis, 2014 to 2025 (USD Billion)
FIGURE Regional segment market share analysis, 2018 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Billion)
FIGURE North America Waste to Energy market share and leading players, 2018
FIGURE Europe Waste to Energy market share and leading players, 2018
FIGURE Asia Pacific Waste to Energy market share and leading players, 2018
FIGURE Latin America Waste to Energy market share and leading players, 2018
FIGURE Middle East and Africa Waste to Energy market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Billion)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Billion)
FIGURE Europe market share analysis by country, 2018
FIGURE U.K. market size, forecast and trend analysis, 2014 to 2025 (USD Billion)
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Billion)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Billion)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Billion)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Billion)
FIGURE Japan market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE South Korea market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Singapore market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of APAC market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Latin America market share analysis by country, 2018
FIGURE Brazil market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Mexico market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Argentina market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of LATAM market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market share analysis by country, 2018
FIGURE Saudi Arabia market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE United Arab Emirates market size, forecast and trend analysis, 2014 to 2025 (USD Million)
