The Waste-to-Energy (WtE) Market in Europe - Outlook to 2023: Increasing Demand of Renewable Energy for Power Generation
DUBLIN, Dec. 12, 2018 /PRNewswire/ --
The "Europe Waste to Energy Market: Focus on Technology (Thermo Chemical, Bio Chemical), Application (Heat, Electricity, Combined Heat and Power, Fuel), and Waste Type - Analysis and Forecast, 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The European waste to energy market is projected to reach $21.99 billion by 2023.
Europe has significantly been the leading the market in the waste to energy technologies. The region has witnessed a strong growth in terms of waste to energy capacities since 2008.
The economy of the region and the European Union's legislation are the major factors driving the growth of the market. The Europe waste to energy market is dominated by Germany in the year 2018. However, during the forecast period, the U.K. is expected to display the highest growth rate.
Germany is one of the top countries in the best waste to energy technologies used in the energy generation process, recording significant levels of e-waste recovery and exploring new business opportunities.
From the year 2010, the countries in the region have significantly shifted their focus with respect to municipal waste disposal methods to prevention and recycling. Although municipal waste represents only around 10% of total waste generated in the region, it is important to understand that prevention of this waste has the potential to reduce the environmental impact not only during the waste conversion phase but also through the life cycle of the products consumed.
As per the industry experts, the recent trends in the Europe region demonstrate that this is a suitable time to enter into new growth opportunities by setting up the waste to energy projects across the region. The leading countries such as Denmark, France and Germany and recent market entrants such as Poland in the waste to energy market are expected to see major technological advancements irrespective of the regulatory and the cultural challenges.
The countries which have huge potential but limited land availability such as Poland, are focusing on the development of new waste to energy technologies. Waste to energy is one of the growing green energy technology segments in the region. The presence of several high potential sites in the region, supporting initiatives by the government, regulations, and increasing foreign investment are some of the factors driving the growth of the market in the region.
The competitive landscape for the Europe waste to energy market demonstrates an inclination toward companies adopting strategies such as business expansion, partnerships/joint ventures and collaboration, and others.
The result of the emerging strategies and developments is helping the market in the form of more business expansion being done by the key players in the waste to energy market. Moreover, the growing market of waste to energy is further expected to increase the involvement of companies across different segments of the value chain.
Europe region is fragmented with the presence of both local and regional players in the market. The key players present in the waste to energy market are Wheelbrator Inc., The Babcock & Wilcox Company, Ramboll Group, Suez Environment S.A, Waste Management Inc., C&G Environmental Protection Holdings Ltd., and Veolia Environment and Foster Wheeler AG, among others.
The key players operating in Europe waste to energy market have improved their business expansion activities from the year 2013 to 2018. This was majorly done to enhance their company's regional presence, enter into new ventures, and increase their customer base across the globe.
Business expansion and contracts has been the most widely adopted strategy done by the key players in the market. For instance, in June 2018, Veolia Environment received a contract of $136.2 million to operate the VESTA plant, at Rouen, in the north-central region of France.
Partnerships/agreements and joint ventures has also been a significantly adopted strategy in the waste to energy market. With the increasing growth in the market, companies operating in this industry are coming up with new technologies for converting waste to energy, for generating public awareness about their existing and new products and competing with the competitors' product portfolio.
For instance, in July 2018, Geminor entered into an agreement with Amey's Allerton Waste Recovery Park in North Yorkshire. The agreement will support Geminor in supplying a maximum of 50,000 tons of residual waste per annum to the waste to energy facility.
The need for more research and development activities and a proper regulatory environment is a must for key companies attaining a sustained growth in the region. Several government and private research institutes, regulatory bodies and associations are working upon identifying significant efforts on how waste to energy can be useful for meeting the growing demand for power generation.
The technological advancements in the waste to energy industry can provide good growth opportunities to the key players in the region. Moreover, the emergence of wind/solar hybrids, more sophisticated grid management, and increasingly affordable storage systems are expected to define the future of this commercial fossil-free power sector.
Key Topics Covered
Executive Summary
1 Market Overview
1.1 Global Waste to Energy Market (by Technology)
1.2 Global Waste to Energy Market (by Region)
2 Market Dynamics
2.1 Market Drivers
2.1.1 Stringent European Regulations for Waste Management
2.1.2 Increasing Demand of Renewable Energy for Power Generation
2.2 Market Restraints
2.2.1 High Cost of Operating Waste to Energy Facilities
2.2.2 Incessant Changes in the Government Policies
2.3 Market Opportunities
2.3.1 Collaboration of Information Technology (IT) with Integrated Waste Management Value Chain
2.3.2 Scope of effective Waste to Energy Technologies
3 Competitive Insights
3.1 Key Market Developments and Strategies
3.1.1 Business Expansion and Contracts
3.1.2 Partnerships and Joint Ventures
3.1.3 Others
3.2 Leading Players Analysis
4 Industry Analysis
4.1 Industry Attractiveness
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Bargaining Power of Suppliers
4.1.4 Threat from Substitutes
4.1.5 Intensity of Competitive Rivalry
4.2 Country Share Analysis
4.3 Emerging Technologies in the Waste to Energy Process
4.3.1 Hydrothermal Carbonisation (HTC)
4.3.2 Dendro Liquid Energy (DLE)
4.4 Municipal Solid Waste Generation in Key Countries of Europe
5 Europe Waste to Energy Market (by Technology)
5.1 Assumptions for Analysis and Forecast of the Europe Waste to Energy Market
5.2 Limitations for Analysis and Forecast of the Europe Waste to Energy Market
5.3 Market Overview
5.4 Thermo Chemical Conversion
5.5 Bio Chemical Conversion
5.6 Others (Chemical Conversion)
6 Europe Waste to Energy Market (by Waste Type)
6.1 Municipal Solid Waste (MSW)
6.1.1 Municipal Solid Waste, by Subtype
6.2 Agricultural Waste
6.3 Medical Waste
6.4 Process Waste
6.5 Others
7 Europe Waste to Energy Market (by Application)
7.1 Electricity
7.2 Heat
7.3 Combined Heat and Power (CHP)
7.4 Transport Fuels
7.5 Others
8 Europe Waste to Energy Market (by Country)
8.1 Europe Waste to Energy Market, by Country
8.1.1 Germany
8.1.2 The U.K.
8.1.3 Poland
8.1.4 France
8.1.5 Norway
8.1.6 The Netherlands
8.1.7 Sweden
8.1.8 Denmark
8.1.9 Austria
8.1.10 Italy
8.1.11 Rest-of-Europe
9 Company Profiles
9.1 BTA International GmbH
9.2 Hitachi Zosen Inova AG
9.3 Keppel Seghers
9.4 MARTIN GmbH
Waste to Energy Plant/Facility Operator
9.5 Covanta Energy
9.6 Wheelbrator Technologies Inc.
Waste to Energy Service Provider
9.7 Austrian Energy & Environment Group
9.8 Babcock & Wilcox Enterprises Inc.
9.9 Orsted
9.10 SAKO BRNO A.S.
9.11 Veolia Group
9.12 Waste Management Inc.
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