Waste to energy is a technique used to produce energy in the form of electricity and heat. The benefits of the technique include reduction in the amount of waste to be sent to landfills, and extracting value from waste. Asia-Pacific region with developing countries such as Japan, China and India is dominating the waste to energy market.
Albany, NY -- (SBWIRE) -- 11/28/2016 -- Waste to energy is a technique used to convert municipal solid waste generated from various domestic, commercial and industrial users into energy. Different technologies are used to process waste and each technology has a different course of action, but the end product is in the form of electricity, steam and fuel cell. The energy generated from waste is used by various sectors including residential, commercial and industrial. Recycle and reuse of solid waste being generated is the first preference by any country to reduce the amount of waste being treated. Recycle and reuse of waste helps in the recovery of monetary value from various types of waste being generated such as tin cans, plastic, etc.
The waste to energy market report by Transparency Market Research provides in-depth analysis of the global waste to energy industry. The report segments the market on the basis of technology and region and provides forecasts and estimates for each segment. The report also provides detailed forecast and analysis of revenue over the forecasted period 2013 to 2019.
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Thermal technology has captured the market for waste to energy due to its ability to reduce the volume and weight of waste. The technology has been popular from many years and majority of waste to energy plants use this technology due to its relatively simple technology and operation. Improvements have been made in thermal technology to reduce the amount of gas contaminants from flue gas and meet the various regulatory norms. Other thermal technology such as Pyrolysis and Gasification has limited use due to their feed selectivity and high cost. Research has been going on to improve these technologies and make them cost effective. Biological technology which consists of anaerobic digestion of municipal solid waste is lagging behind in terms of market share as well as revenue, but the technology is promising in the near future.
Asia Pacific, North America, Europe, and Rest of the World (RoW) are the major geographic areas covered in the waste to energy report. European counties such as Germany, Austria, Sweden, Belgium and Netherlands are very much active to promote waste to energy practices and have reduced the amount of waste being dumped or land filled in respective countries. Asia pacific is currently leading the market and country like Japan is very promising with incinerating more than 60 percent of their waste generated and keeps landfill to minimum. Even the transportation of municipal waste to a long distance is not allowed in Japan which provides an opportunity to a large number of waste to energy plants. Other countries like China and India have a great potential for waste generation due to huge amount of waste generated by their large population and the investment in these countries is also increasing to treat their municipal waste and enhance their quality of life. Each geographical region has been segmented further on the basis of the technology and revenue, forecasts and estimates for each segment have been provided over the forecasted period 2013 to 2019.
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The report provides a thorough analysis of some key companies such as The Babcock & Wilcox Company, Foster Wheeler AG, KEPPEL SEGHERS, Veolia Environnement, Suez Environment S.A, and Waste Management Inc. The report provides a detailed analysis of the various factors influencing the waste to energy industry with the help of Porter's five force analysis. The analysis helps to understand the bargaining power of buyers, bargaining power of suppliers, threats from new entrant, threats from the substitutes and the degree of competition in the market. The report also analyses the value chain of the market and the various drivers, restrains and opportunity of the waste to energy market.
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