Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Waste-To-Energy Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Waste-To-Energy Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Waste-To-Energy
Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Waste-To-Energy Market is offered. In accordance with the report, the global
Waste-To-Energy Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Waste-To-Energy
(WtE), also known as Energy-From-Waste (WfE), refers to the procedure of
creating energy in terms of electricity or heat primarily by the process of
treating waste to form a source of fuel. Electricity and heat are generated
from waste through the process of combustion or by the production of a combustible
fuel like synthetic fuels, methane, ethanol, and methanol. Waste-to-energy
technology include fermentation and esterification.
Market Drivers
The
initial impetus to the waste-to-energy market is given by the availability of
waste because the basic raw material used in this market is waste. With surging
population around the globe, the readiness of waste is growing at a tremendous
pace especially in the Asia-Pacific region. This calls for the treatment of
waste that would give rise to something efficient. This factor is primarily
driving the waste-to-energy market.
The
demand for energy is soaring owing to a variety of reasons like
industrialization, urbanization, electrification of rural areas of different
countries. A significant factor threatening or is likely to threaten the supply
of electricity in the near future is the exhaustion of non-renewable resources
like fossil fuels, coals and many more that were and are still being used for
the production of electricity. To cope up with the expected scarcity of source
of energy, the dependence on waste for creation of energy is growing. Moreover,
the waste created by human as a source of energy would assist in long term
sustainment of human progress.
Waste-from-energy
not only reduces the availability of waste but also lowers the further
dependence on non-renewable resources. The generation of energy form
non-renewable resources led to carbon emission. This is nil in case of waste-to
energy. Environmental concerns of the people are fueling the growth of this
market.
Apart
from all above factors, favorable government policies that commercialize the
various alternative sources of energy generation because of the depleting
natural resources is empowering the energy-to-waste market.
The
lack of obtainability of space for dumping the awfully large quantities of
waste coupled with the extravagant prices of landfill is charging up the
waste-to-energy market.
Market Restraints
The
production of waste-to-energy is done by a variety of processes like
incineration, gasification, thermal depolymerization, fermentation and many
more. In the process of incineration, incinerators are used and these are
immoderately priced. With the constant dipping down of energy prices, the
manufacturer’s profit margin is falling because of the premium price of
incinerators. This factor is severely threatening the long-term prospects of
the waste-to-energy market.
Further
the production of waste-to-energy by the process of incineration brings with
itself a variety of environmental hazards. The process of incineration is the
earliest known production process of waste-to-energy. This is hindering the
growth of this market.
The
initial capital investment in the waste-to-energy market is sky-scraping that
impedes the further development of this market.
Also,
lack of awareness among the consumers and the users with regard to the
availability of waste-to-energy is restraining the growth of this market.
Opportunities
The
government policies aimed at reducing carbon footprint and regulate carbon
emission by the setting up of standards, proving technical and financial assistance
are likely to provide a great opportunity to this market. The rising
environmental concerns is likely to be a great scope for this market.
The
continuous research and development in this field for the development and sell
of new products and increase product portfolio.
Trends
In
2019, the Europe market has recorded the largest proportion of revenue of about
43% because of the presence of a large number of manufacturers like Suez,
Ramboll Group A/S, EQT AB and many more in that region and favorable government
norms which include direct subsidy, landfill taxes and carbon taxes. By 2019,
North America has occupied a significant market share of the waste-to-energy
market owing to environmental concerns like climate change that drive the need
to environmental protection, rising government stress on the accumulation and
utilization of clean label electricity generation processes. The Asia-Pacific
region is estimated to forecast prominent market growth because of the
constantly developing economy, soaring government provisioning for the
management and treatment of solid municipal waste. China and Japan are expected
to showcase significant market growth.
Segment Covered:
This market
intelligence report on the global Waste-To-Energy Market encompasses market segments based on technology, end-user
and country.
By Technology
the global Waste-To-Energy Market has been divided into:
q Thermal Technology
o Plasma-Arc Gastification
o Pyrolysis
o Incineration
q Biological Technology
o Fermentation
o Anaerobic Digestion
o Methane Capture
q Physical Technology
By End User the global Waste-To-Energy Market has been
divided into:
q Industrial
q Commercial
q Household
By country/region,
the global Waste-To-Energy Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Hitachi
Zosen Inova
q Covanta
Holding Corporation
q Suez
q Veolia
Environment SA
q A2A spA
q Waste
Management Inc
q Mitsubishi
Heavy Industries Ltd
q Ramboll
Group A/S
q Babcock
and Wilcox Enterprise
q Xcel Energy
Inc
q North
Beck Energy Ltd
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Waste-To-Energy Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The study
focuses on the present market trends and provides market forecast from the year
2020-2028. Emerging trends that would shape the market demand in the years to
come have been highlighted in this report. A competitive analysis in each of
the geographical segments gives an insight into market share of the global
players.
Few Recent Developments
Covanta Holding Corporation
By September
2018 Covanta Holding Corporation was successful in acquiring the Palm Beach
County Florida Energy-from-waste facility of Solid Waste Authority (SWA). This
acquisition was expected to thrive the growth prospects of the organization.
Hitachi Zosen Inova
On January 2018,
Hitachi Zosen Inova, a Zurich-based firm collaborated with BESIX Group,
Belgium-based construction giant to form the world’s largest plant on
Energy-from-waste that is supposed to be built in the Emirates of Dubai. It is
in line with the Dubai Strategic Plan 2021.
North Beck Energy Ltd
In 2018 North
Beck Energy Ltd was approved to develop a WtE facility that is proposed to
channelize 50 MW of electricity across Immingham.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Waste-To-Energy
Market, size of the market (US$ Mn), and Compound
Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking
into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Waste-To-Energy Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Waste-To-Energy caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Waste-To-Energy
Market. The research also caters to the rising needs
of consulting and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Waste-To-Energy Market
v
Identification
of key factors driving investment opportunities in the Waste-To-Energy
Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants