Market Overview

The market for waste-to-energy (WtE) is expected to grow at a CAGR of approximately 6.45% during the forecast period of 2019 – 2024. An increasing amount of waste generation and growing concern for its management to meet the need for sustainable urban living and increasing focus on non-fossil fuel sources of energy are driving the adoption of WtE market. The market is restrained by the expensive nature of incinerators, particularly as energy prices decline and a number of plants are unable to cover operating costs. Further, several European countries and Japan are planning to focus more on recycling, which saves three to five times more energy and hence, restraining the WtE market.

• Thermal technology dominated the WtE market in 2018 owing to the increasing developments in the technologies of incineration and gasification, as well as the increasing amount of waste generated especially from the growing economies of Asia-Pacific.
• Emerging WtE technologies, such as Dendro Liquid Energy (DLE), which is four times more efficient in terms of electricity generation, with additional benefits of no emission discharge and effluence problems at plant sites are expected to create significant opportunities for the market players, over the coming years.   
• Asia-Pacific dominated the market across the globe with majority of demand coming from countries such as China and Japan.  

Scope of the Report

The waste-to-energy (WtE) market report include:

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Key Market Trends

Growing Demand for Thermal-Based Waste-to-Energy Conversion

• As of 2018, thermal technology accounted 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%.
• At the present scenario, incineration is the most well-known WtE technology for Muncipal Solid Waste (MSW) processing. However, WtE technologies, particularly incineration, produce pollution and carry potential health safety risks. In order to reduce particulate and gas phase emissions, incineration plants owners have adopted a series of process units for cleaning the flue gas stream, and this has, in turn, led to a significant improvement in terms of environmental sustainability 
• The thermal-based waste-to-energy conversion is expected to lead the market, particularly in growing economies of Asia-Pacific, where rising urban population is forecasted to be the key contributing factor for increasing municipal solid waste (MSW). Other factors, such as industrialization, economic development would also contribute towards MSW generation, which is further expected to influence the growth of the thermal based waste-to-energy market.     

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