NEW YORK, Dec. 1, 2017 /PRNewswire/ -- The global market municipal waste to Energy technologies is expected to expand from $30.2 billion in 2016 to about $41.5 billion by 2021 at about a 6.5% compound annual growth rate (CAGR) over the next five years.
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Technology processes that convert municipal waste to energy represent some of the most promising methods to solve environmental problems and to address increasing energy demand caused a growing human population coupled with increasing economic activity.
Municipal waste-to-energy (MWTE) is a renewable energy source which obtained from resources that are essentially unlimited, since it consists of human-generated solid waste that is produced in every country around the globe. MWTE can be used to generate thermal energy and/or electricity. While some renewable energy may have higher costs than energy from conventional sources, under the right conditions this is not necessarily the case. An increasing number of cities, states, provinces and countries are implementing MWTE production in order to reduce their overall energy costs.
If applied using current strategies, MWTE will generate other benefits that include:
• increasing the flexibility of power systems as electricity demand changes;
• reducing pollution and emissions from conventional energy systems; and
• reducing dependency and minimizing expenditure on imported fuels.
Moreover, some MWTE technologies are suited to small off-grid applications. Small energy systems can often contribute to the local economy by creating jobs in manufacturing, installation and servicing.
A number of MWTE technologies are available to communities in the United States and other global regions. These include combustion technologies, landfill gas technologies, plasma gasification technologies, pyrolysis gasification technologies and refuse-derived fuels. Detailed explanations of these key MWTE technologies are provided in the remainder of this report.
STUDY GOAL AND OBJECTIVES
This report focuses on the many new developments that have been taking place in MWTE technologies. Most of the market application sectors are growing at a good pace. In addition, there are new regions with dynamic economies that offer significant application opportunities for technologies used in the conversion of waste to energy.
Among the countries where we see good prospects for this industry are the growing economies of India, China and Brazil. The rapid economic expansions occurring in these evolving major economies, coupled with their large populations, has positioned MWTE among their top renewable energy options, and it is, as well, a key long-term future environmental solution. These developments have created the need for a proper analysis of market and business issues, trends in the MWTE industry, and international markets.
This report has been prepared to:
• provide an overview of MWTE technologies, industry and markets, product capabilities and applications;
• identify technical and business issues in the MWTE technologies industry;
• illustrate the market idiosyncrasies among the MWTE technology applications and analyze global economic and technological trends impacting the demand for these technologies;
• determine the current size and future growth of the world markets for MWTE technology applications;
• identify and profile key manufacturers and developers of MWTE technology; and
• identify global suppliers of MWTE technologies.
This study covers technical and industry overviews, MWTE technology processes, current and emerging MWTE technology methods, business and industry issues, current and emerging applications, and an extensive market analysis. The current size and future growth of transnational markets are estimated for 2016 and 2021.
FORMAT AND SCOPE
This report reviews the MWTE technology industry, including types of technologies, their applications, and current and anticipated demand for specific applications. For each market segment, the report provides an analysis of technology category, applications, international markets and competition.
The qualitative and quantitative judgments embodied in this report are a valuable contribution to the current knowledge of MWTE technologies, the prevailing economic and environmental conditions which require applications, the settings in which these technologies are used, and their markets.
Moreover, this study has been conducted at a stage of market development when new applications hold the potential to revolutionize the industry. This is a consequence of the expanding utilization of waste to energy technologies – the need to continuously reduce gas emissions from landfills and increase energy production at a cost that consumers can afford, while still producing profitable returns to investors who must fund the high costs of electrical power plants, etc. This requires the application of new and innovative energy producing processes. The current study identifies all such applications.
METHODOLOGY AND INFORMATION SOURCES
The findings of this report are based on information derived from interviews with producers, distributors and major operators of waste to energy operations. Several industry experts were also contacted for this study.
Secondary data were obtained from government sources such as the U.S. Department of Energy and the U.S. Environmental Protection Agency, waste to energy equipment manufacturers, trade publications, technical journals, and government statistics from agencies such as the U.S. Department of Commerce, the U.S. Government Accountability Office and the European Commission.
CONTRIBUTIONS OF THE STUDY
This study provides the most complete accounting of the current market and future growth in municipal waste to energy country wise in Africa, Asia, Europe, The Middle East and The Americas. Further, the report provides global market according to technologies used for converting municipal waste to energy such as combustion, land fill gas technology, refuse derived fuels technology, plasma gasification and pyrolysis gasification. Markets are estimated for 2015, 2016 and 2021.
TO WHOM THE STUDY CATERS
This report is directed to companies that are interested in developments in this field, such as
• establishments involved in incinerator development and manufacturing;
• renewable energy technology suppliers and consultants, energy systems engineers, developers of energy infrastructure projects;
• producers and suppliers of boiler plant equipment;
• manufacturers and suppliers of systems and subsystems which incorporate waste recycling;
• builders and integrators of wastewater treatment technologies;
• investment institutions involved in the financing of energy resource and environmental solution projects;
• renewable technology research companies and institutions; and
• major energy utility companies interested in diversification.
The municipal waste to energy (MWTE) technologies industry has sustained significant growth in the last decade and is likely to continue to expand in the future because of the increasing demands for energy and for environmental solutions. In addition to countries in Asia and in the Americas that are undergoing economic expansions, population growth is a major driver. Among the countries where we see increased human consumption, holding the potential for positively impacting the MWTE technologies industry, are China, India and Brazil.
Within the MWTE sector, there has been continuous innovation in the technologies for waste to energy conversion processes, which has resulted in systems having greater efficiencies. In turn, this has increased the scope of waste to energy technology applications.
Global market for Municipal Waste to Energy Technologies was estimated to have reached $30.2 billion in 2016 and will reach $41.5 billion by 2021 with a growth rate of 6.5% compound annual growth rate (CAGR) over the next five years.
In terms of region wise market share, the Asian region offers the greatest opportunities for growth, a trend that is expected to continue through 2021 followed by Europe and The Americas and The Middle East and Africa as distant 4th and 5th position. In terms of technologies used, the Combustion Technology dominates the market.
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