Scope of the Study
The interaction between waste management solutions and energy production technologies can vary significantly, depending on multiple factors. Various countries across the world adopt many strategies such as depending on social, economic and environmental criteria and constraints. The interaction between waste management solutions and energy production technologies can vary significantly, depending on multiple factors. Various countries across the world adopt many strategies such as depending on social, economic and environmental criteria and constraints. Rapid urbanization and population growth have led to rise in overall waste generation as World bank predicts it to be doubled by 2025 which amounts to 6 million tonnes of waste a day The market study is being classified, by Application (Electricity
, Transport Fuels
and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico) .
Waste Management Inc. (United States)
, Suez Environment S.A. (France)
, C&G Environmental Protection Holdings (Hong Kong)
, Constructions industrielles de la Méditerranée (CNIM) (France)
, Babcock & Wilcox Enterprises Inc. (United States)
, China Everbright International Limited (China)
, Covanta Energy Corporation (United States)
, Abu Dhabi National Energy Company PJSC (United Arab Emirates)
, Foster Wheeler A.G. (Switzerland)
and Veolia Environment (France) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Ener-G Plc. (United Kingdom)
, Highmark Renewable (Canada)
and EcoCorp (United States).
Market Drivers
- Increasing municipal solid waste (MSW) adoption as a fuel to generate renewable energy via thermal and biological techniques
Market Trend
- Significant growth in power consumption coupled with increase in focus on energy generation through renewable energy sources
Restraints
- Limited qualified staff to run the installed systems in an effective and efficient manner
- High cost associated with plant construction
Opportunities
Growing demand of energy in emerging economies
In January 2019, Covanta Holding Corporation, a leader in sustainable waste management and renewable energy, announced that it has commenced construction of its first Total Ash Processing System (“TAPS”), with operational start-up expected in the second half of 2019. The first TAPS plant is designed to process over 400,000 tons of ash from multiple Covanta Energy-from-Waste (“EfW”) facilities, recovering previously untapped value from these waste streams.