Global Waste-to-Energy (WtE) Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2029 - (By Technology Coverage, By Application Coverage, By Geographic Coverage and By Company)
Published Date: Nov 2022 |
| No. of Pages: 186
Industry: Energy & Natural Resources | Author Name: Harshad
Favourable government policies and initiatives, continuous technologic advancements of conventional waste incineration, and growing investments into WtE integrated gas turbine operations is expected to fuel the demand for WtE technology in the next few years.
A large number of EPC players and operator operate in the market. Global top 5 players in waste-to-energy (WtE) include Veolia, SUEZ, Covanta Holding Corporation, China Everbright International Limited, and Keppel Corporation Limited.
Asia Pacific is expected to lead the global waste to energy market by 2029. Europe region follows Asia Pacific. Government funding followed by attractive incentives and subsidies are key factors driving the demand for WtE facilities in Europe and is expected to beget more investment in the near future.
In terms of technology, thermal technologies, especially incineration held major share and was considered the most attractive technology used in WtE market in 2021. Biological technology held the least share in 2019. However, investments in biological technologies, especially anaerobic digestion (AD) is gaining momentum and is expected to grow at a fair pace over the forecast period.
Due to COVID-19 pandemic, the entire value chain for WtE has been affected. Sudden halt in waste collection, segregation has affected the continuous supply of raw material to WtE facilities. Breakdown and delay in plant maintenance has resulted in temporary shutdown of several facilities across the globe. The Russia-Ukraine conflict has delayed the funding of planned WtE projects.