Canada Waste to Energy Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Technology (Physical Technology, Thermal Technology, Biological Technology)

Market Snapshot

Study Period:

2018-2025

Base Year:

2019

CAGR:

3.34 %

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Market Overview

Canada waste to energy market is expected to grow at a CAGR of more than 3.34% during the forecast period 2020-2025. The advancements and penetration of the WTE technologies in North America have still not resonated with the pace at which the waste gets generated in the region. The region’s decreasing availability of landfill space is creating a shift toward the development of renewable energy, which provides the market with immense potential for growth in the near future. Canada has been one of the countries worldwide at the forefront of adopting WTE technologies mainly because of the introduction of many favorable government initiatives. The country still lacks suitable policies and regulations concerning WTE, high capital investment, increasing the recycling rate of waste, and several other factors that have been restraining the growth in the WTE market.

  • Thermal based waste to energy technology is expected to dominate the market owing to the number of incineration plants in the country.
  • Technological advancements in the waste to the energy sector are expected to create a significant amount of opportunities for the plant operators in the near future.
  • Municipalities in the state have moved toward both public and private companies to meet constraints related to budgets and increase efficiency for managing the WTE technologies.

Scope of the report

Canada waste to energy market report include:

Technology
Physical Technology
Thermal Technology
Biological Technology

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Key Market Trends

Thermal Based Waste to Energy Conversion to Dominate the Market

  • As of 2019, thermal technology is expected to account for the highest market share in the global waste-to-energy market. This trend of dominance by the thermal division is expected to continue in the coming years owing to the increasing developments in the technologies of incineration and gasification.
  • It is estimated that plants, which utilize cogeneration of thermal power (heating and cooling), together with electricity generation can reach optimum efficiencies of 80%.
  • In the present scenario, incineration is the most well-known waste-to-energy technology for Municipal Solid Waste (MSW) processing.
  • However, waste-to-energy technologies, particularly incineration, produce pollution and carry potential health safety risks.
  • To reduce particulate and gas-phase emissions, incineration plant owners have adopted a series of process units for cleaning the flue gas stream, which has, in turn, led to a significant improvement in terms of environmental sustainability.

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The Recycling Rate of Waste in the Canada Remains as a Restrain

  • The total generation of municipal solid waste (MSW), in 2017, was 107.2 million tonnes. Of the MSW generated, approximately 47 million tons were recycled, and 16 million tonnes were composted.
  • Together, more than 63 million tons of MSW were recycled and composted, equivalent to a 35.8 % recycling and composting rate.
  • And the new government policies which have a lot of restriction for high carbon emission which restrains the growth of the incineration process.
  • Also, the increase in recycling of municipal solid waste to 60% by 2035, is expected to affect the market for incineration as well.

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Competitive Landscape

Canada waste to energy market is moderately fragmented. Some of the key players are Martin GmbH, Suez SA, Covanta Holding Corp, Waste Management, Inc., Wheelabrator Technologies Inc.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Technology

      1. 5.1.1 Physical Technology

      2. 5.1.2 Thermal Technology

      3. 5.1.3 Biological Technology

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Martin GmbH

      2. 6.3.2 Suez SA

      3. 6.3.3 Covanta Holding Corp

      4. 6.3.4 Waste Management, Inc

      5. 6.3.5 Wheelabrator Technologies Inc

      6. 6.3.6 Ze-gen Inc.

      7. 6.3.7 Green Conversion Systems LLC

      8. 6.3.8 Mitsubishi Heavy Industries Ltd

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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