Waste to Energy Global Market – Overview
Waste is an inevitable product of society, and one of the greatest challenges for future generations is to understand how to manage large quantities of waste in a sustainable way. One approach has been to minimise the amount of waste produced, and to recycle larger fractions of waste material. However, there is still is a considerable part of undesired end-products that must be taken care of, and more suitable solution than simple landfilling needs to be found. The waste management sector faces a problem that it cannot solve on its own. The energy sector however, is considered to be perfect match because of its need to continuously meet to growing energy demand. Waste is now not only an undesired product of society, but a valuable energy resource as well. Energy recovery from waste can solve two problems at once treating non-recyclable and non-reusable amounts of waste, and generating a significant amount of energy which can be included in the energy production mix in order to satisfy the consumer’s needs. As per the study conducted by Market Research Future, the global market for waste to energy is likely to grow at the CAGR of around 7.5%.
The interaction between waste management solutions and energy production technologies can vary significantly, depending on multiple factors. Different countries cross the world choose to adopt different strategies, depending on social, economic and environmental criteria and constraints. These decisions can have an impact on energy security, energy equity and environmental sustainability when looking at the future of the energy sector. If waste-to-energy technologies are developed and implemented, while following sustainability principles, then a correct waste treatment strategy and en environment-friendly energy production can be achieved at the same time, solving challenges in both the waste management and energy sector. Waste-to-energy is the use of modern combustion and biochemical technologies to recover energy, usually in the form of electricity and steam, from urban wastes. These new technologies can reduce the volume of the original waste by 90%, depending upon composition and use of outputs. The main categories of waste-to-energy technologies are physical technologies, which process waste to make it more useful as fuel; thermal technologies, which can yield heat, fuel oil, or syngas from both organic and inorganic wastes; and biological technologies, in which bacterial fermentation is used to digest organic wastes to yield fuel.
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Key Players
The key players of global waste to energy market are ABB Ltd. (Switzerland), Amec Foster Wheeler (U.K.), Ormat Technologies Inc. (U.S.), General Electric Co. (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), Echogen Power Systems Inc. (U.S.), Econotherm Ltd. (U.K.), Thermax Limited (India), Siemens AG (Germany), and Cool Energy Inc. (Colorado). In 2016, these companies accounted for a share of XX% of the global market.
Worldwide Waste to Energy Market – Competitive Analysis
The Waste-to-Energy Plant Operation industry has a moderate level of industry concentration. Key Players operating in the market strive to improvise technological processes in order to reduce installation costs. The industry’s two major companies, such as Covanta Energy Corporation accounted for 50% of industry revenue in 2016. The remainder of industry revenue is earned either by individual municipalities operating facilities that they own themselves, or by smaller private companies that municipalities have contracted to operate their facilities. The establishment of long-term contracts between this industry and downstream customers makes it difficult for new entrants to dilute the market share of pre-existing companies.
Industry/ Innovation/ Related News
January 8, 2018 – Kontrol Energy Corp. (Canada) a leader in energy efficiency management solutions and technology announced that it has been selected by Ontario Education Collaborative Marketplace (OECM) as a contracted supplier for hardware, software and related energy services and technology. Kontrol Energy’s RTEM system features the use of CircuitMeter as a channel partner.
With RTEM systems, facility managers can gain access to building energy consumption data at the circuit level in real time to pinpoint energy usage, identify areas where energy is wasted, and create opportunities to increase efficiency and generate cost savings.
June 26, 2017 – SUEZ (France) a utility company which operates largely in the water treatment and waste management sectors launched Organix®, first digital marketplace in France for organic waste. This innovative platform can connect producers of organic waste (food industry manufacturers, cooperatives, etc.) and methanation unit operators, who transform them into energy.
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