Visiongain Report Provides Critical Market-led Data on the $22.6 Billion Waste-to-Energy Market
Waste-to-Energy (WtE) Market Forecast 2020-2030
LONDON, March 23, 2020 /PRNewswire/ -- Capacity (tpa) & CAPEX ($m) Forecasts for Incineration of Municipal Solid Waste (MSW) & Refuse-Derived Fuel (RDF) in Electricity Generation, District Heating & Combined Heat and Power (CHP), Energy from Waste (EfW) Plants; Featuring Technologies: Mass Burn, Gasification, Pyrolysis, Fluidised Bed, Advanced Thermal Treatment (ATT), & Advanced Conversion Technology (ACT)
Visiongain assesses that the global waste-to-energy market was valued at $16.4 billion in 2019, and it is expected to reach $22.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.3% from 2020 to 2030. Read on to discover the potential business opportunities available.
The emergence of Asia-Pacific as a major hub for WTE development is expected to provide growth opportunities to market participants over the forecast period. The emerging economies of China and India have been developing their renewable resources to reduce carbon footprints to meet the carbon footprints seen in developed economies and have been involved in extensive R&D to develop low-cost WTE technologies. These efforts are expected to create immense opportunities for market participants.
Thermal technologies have emerged as the leading technology used for generating energy from waste. The segment accounted for 87% of total market revenue in 2019. Thermal technologies are further segregated into conventional thermal technologies and alternative thermal technologies. Thermal is the oldest and the most trusted technology used for generating energy from waste. However, the high cost associated with its installation, and its emission of harmful gases during incineration, are expected to hinder the market growth over the forecast period.
Biological treatment is expected to be the fastest growing technology at an estimated CAGR of 5.4% from 2020 to 2025. Biological treatments include the treatment of waste with microorganisms to generate energy. These methods are considered more environmentally friendly than thermal technologies and are expected to increase their market penetration over the forecast period.
WTE is gaining status as an important component of integrated waste management strategies in which it plays the role of an alternative strategy to relieve the pressure on landfills. The added benefit of WTE over other waste management strategies is the potential for the extraction of energy. A major portion of this energy is used by the plant itself for its internal energy requirements; the remainder is supplied to the community.
Despite the potential that the sector offers both in terms of waste management and in terms of providing a cheap alternate energy source, many of the WTE technologies have been met with public opposition. For instance, thermal WTE projects have received bad publicity with concerns from environmental groups and local communities regarding several factors, including their impact on the environment and human health. Even though it is claimed that modern WTE combustion plants are safe and odour-free, public concern remains a barrier and continues to slow the implementation of new projects. However, several emerging technologies are much more efficient and promising and face less opposition. With growing waste volumes, the adoption of efficient and environmentally friendly waste management methods is becoming a priority for countries around the globe.
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With reference to this report, waste-to-energy (WtE) facilities are considered as plants using municipal solid waste (MSW) as a primary fuel source for energy production. This includes direct combustion and advanced thermal, but not biological processes. The report covers the CAPEX spending of new and upgraded WtE plants globally. The report also forecasts MSW-processing capacity for global, regional and national markets from 2020-2030.
The report will answer questions such as:
Reasons Wh You Must Order and Read This Report Today:
1) The report provides detailed profiles and analysis of 20 leading companies operating within the waste-to-energy market:
2) The study reveals where companies are investing in waste-to-energy and how much waste-processing capacity from WtE is expected. Analysis of three regional markets, national markets plus analysis of many more countries:
For electricity generation, the CAPEX is estimated to be $14,681 mn in 2020, increasing to $17,996 mn by 2025 at a CAGR of 5.2%. The market further grows but at a lower rate, reaching CAPEX of $18,941 mn by 2030, at a CAGR of 1.1% from 2025 to 2030. Overall the submarket would grow with a CAGR of 3.1% over the forecasted period.
Producing electricity is only one reason to burn MSW. Burning waste also reduces the amount of material that would probably be buried in landfills. Burning MSW reduces the volume of waste by about 87%. Generation of electricity through waste remains the major application of the global WtE market and is expected to grow more over the forecast period.
3) Discover details of hundreds of waste-to-energy projects revealing the following information in most cases:
4) Learn about the following business-critical issues:
This independent 325-page report guarantees you will remain better informed than your competition. With 253 tables and figures examining the waste-to-energy market space, the report gives you a visual, one-stop breakdown of your market including capital expenditure forecasts from 2020-2030, as well as analysis PLUS municipal waste processing capacity forecasts from 2020-2030, keeping your knowledge that one step ahead helping you to succeed.
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Companies covered in the report include:
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