Asia-Pacific Waste to Energy Market Anticipated to Reach $13.66 Billion by 2023, Reports BIS Research
Increasing utilization of renewable energy for power generation continues to have a positive impact on the Asia-Pacific waste to energy market. Waste to energy is the process of generating energy in the form of electricity/heat with the treatment of the waste generated with the use of several technologies such as thermo-chemical and bio-chemical. The waste to energy sector has evolved to generate electricity with the help of various technologies using different categories of waste such as municipal, agricultural, and medical waste, among others.
The energy generated from waste with the help of technologies is used in the form of electricity, fuel, and heat. The waste to energy management is an important part of the waste disposal infrastructure of the Asia-Pacific region, as waste to energy is considered an important source of renewable energy. The growth of the Asia-Pacific waste to energy market is attributed to the rapid industrialization, coupled with the growing demand for renewable energy generation over the forecast period.
The waste to energy market research study offers a wide perspective on the scope of the industry . The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.
The report answers the following questions about the Asia-Pacific waste to energy market:
- What is the Asia-Pacific waste to energy market size in terms of revenue from 2017-2023, and what will be with the growth rate during the forecast period 2018-2023?
- What are the major technologies used in the APAC waste to energy market to convert the waste generated into energy in terms of revenue generation and future growth?
- What are the major types of applications in the APAC waste to energy market in terms of revenue generation and future growth?
- What are the major waste types in the APAC waste to energy market in terms of revenue generation and future growth?
- What is the waste volume generated by the key countries in APAC in the year 2017 and the expected volume to be generated by the year 2023?
- What are the key trends and opportunities in the market pertaining to the countries in the Asia-Pacific region?
- How attractive is the market for different stakeholder's present in the industry based on the analysis of the futuristic scenario of Asia-Pacific waste to energy?
- What are the major driving forces that are expected to increase the demand for the Asia-Pacific waste to energy market during the forecast period?
- What are the major challenges inhibiting the growth of the Asia-Pacific waste to energy market?
- What kind of new strategies are adopted by the existing market players to expand their market position in the industry?
- What is the competitive strength of the key players in the Asia-Pacific waste to energy market based on the analysis of their recent developments, product offerings, and regional presence?
The report further includes a thorough analysis of the impact of the Porter's Five Forces to understand the overall attractiveness of the industry. The report also focuses on the key developments made in the Asia-Pacific waste to energy market by the players, along with the volume of waste generated by the key countries in APAC and the volume of waste expected to be generated by the year 2025.
Further, the report includes an exhaustive analysis of the country split into China, Japan, India, and South Korea, among others. Each country details the individual driving and restraining forces in addition to the key players from that region. Some of the prominent players in the Asia-Pacific waste to energy market are the Babcock & Wilcox Company, China Everbright International Limited, Xcel Energy, Suez Environment S.A, Waste Management Inc., C&G Environmental Protection Holdings Ltd., Veolia Environment, and Foster Wheeler AG.
Several industries across the globe such as oil and gas, chemical, and transportation, among others are dependent on fossil fuels for electricity/power generation. Although these fuels are very effective, they are subjected to depletion in the long run. Moreover, these fossil fuels are the origin of greenhouse gases which further lead to global warming. Thus, the shift from fossil fuels to the renewable sources of energy and the development of clean energy are of utmost importance for effectively dealing with climate change and its effects. This shift would also address the growing electricity demand across the globe. As per the data by International Energy Agency (IEA), the world electricity demand will increase by 70% by 2040 due to the emerging economies of India, China, Africa, the Middle East, and South-East Asia.
One key resort to these concerns is the use of waste disposed globally to generate electricity, heat, and transport fuels, among others. Treating waste to generate energy, which would have been otherwise sent to landfills, reduces the amount of greenhouse gases and carbon emissions released into the atmosphere. This also reduces the dependency on energy imports. The conversion of waste to energy has progressed from the basic collect and dispose of waste to the technology-driven treatment systems used to convert waste.
As per the data provided by the World Bank, with the total population reaching to 4.50 billion in 2017, Asia-Pacific is the largest waste-generating continent. Except Japan and South Korea, all the countries in the continent have foreseen an increase in the average per capita waste generation over last 20 years. It is further estimated by the World Bank that the countries in the region will generate 1.80 billion tons of waste by the year 2025, as compared to 0.28 billion tons in 2012. This waste can be utilized to create energy for generating electricity, heat, and transport fuels, among others.
Waste to energy is the process of generating energy in the form of electricity/heat with the treatment of the waste generated with the use of several technologies such as thermo chemical and bio chemical. Due to the depleting fossil fuels and the hazards of improper waste management, the waste to energy facilities have expanded substantially over the last ten years.
The Asia-Pacific waste to energy market is projected to grow from $XX billion in the year 2018 to $13.66 billion by 2023, at a CAGR of XX% from 2018 to 2023. This growth is attributed to the rising demand for renewable energy sources for power generation, increasing investments in the waste to energy sector by several companies and governments of different countries, and the government initiatives to reduce the carbon footprint. The increasing amount of residential and industrial wastes in China and India and the support of the governments for sustainable energy practices are also leading to the growth of the waste to energy market in the region.
Since, the energy generated from waste is an important renewable energy source, it is important to consider the composition of the different types of waste. Waste which is used to generate energy can be municipal waste, agricultural waste, construction waste, and medical waste, among others. This conversion process is carried out using various technologies, namely thermo chemical conversion, bio chemical conversion, and chemical conversion. Thermo chemical technology is the most widely used technology. With the ongoing advancement in these technologies, the energy generated from waste is utilized in a wide variety of applications, such as heat, electricity, and transport fuels, among others. Transport fuels are the fastest growing applications of the waste to energy technology.
The trends of the waste to energy market in the Asia-Pacific region vary across different countries. The waste to energy market holds a prominent share in various countries such as Japan, China, India, South Korea, and Philippines, among others. Although Asian countries have limited land availability, they have huge growth potential to generate energy from the waste produced. The presence of several high landfill sites, supporting initiatives by the government, and increasing foreign investments are some of the factors supporting the growth of the market in the country.
The competitive landscape for the Asia-Pacific waste to energy market demonstrates an inclination toward companies adopting strategies such as business expansion, partnerships/joint ventures, and collaborations, among others. The result of the emerging strategies and developments is helping the market in the form of business expansion 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.
The Babcock & Wilcox Company, China Everbright International Limited, Xcel Energy, Suez Environment S.A, Waste Management Inc., C&G Environmental Protection Holdings Ltd., Veolia Environment, and Foster Wheeler AG, among others are some of the prominent players in the waste to energy market. The market has presence of a large number of small-sized to medium-sized companies that compete with each other and the large enterprises.
The key players operating in this market have increased their business expansion from 2013-2018 to enhance their regional presence, enter into new ventures, and increase their customer base. Business expansion has been the most widely-adopted strategy by the players in this market. For instance, in March 2018, Keppel Seghers, a waste to energy and infrastructure firm, and its Chinese partner, Zhen Hu, received a contract of $4 billion for the development of Hong Kong's first integrated waste management facility to be built in the coast of Shek Kwu.
The need for more R&D and appropriate regulatory environment is a prerequisite for the sustained growth of this market. Various government and private research institutes and regulatory bodies and associations are putting in substantial efforts to identify how waste to energy can be useful for meeting the growing demand for power generation. The technological advancements for waste to energy can provide good growth opportunities to the players in the waste to energy market. 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.
Table of Contents
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 Increasing Amount of Waste Generation
- 2.1.2 Increasing Population and GDP
- 2.1.3 Increasing Demand of Renewable Energy for Power Generation
- 2.1.4 Need for Reducing Carbon Footprint
- 2.2 Market Restraints
- 2.2.1 High Cost of Operating Waste to Energy Facilities
- 2.2.2 Unorganized Waste Collection Methods
- 2.3 Market Opportunities
- 2.3.1 Upcoming Initiatives by the Megacities
- 2.3.2 Collaboration of Information Technology (IT) with Integrated Waste Management Value Chain
3 Competitive Landscape
- 3.1 Key Market Developments & Strategies
- 3.1.1 Business Expansion
- 3.1.2 Partnerships and Agreements
- 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 Carbonization (HTC)
- 4.3.2 Dendro Liquid Energy (DLE)
- 4.4 Municipal Solid Waste in Key Countries of Asia-Pacific
5 Asia-Pacific Waste to Energy Market (by Technology)
- 5.1 Assumptions for Analysis and Forecast of the Asia-Pacific Waste to Energy Market
- 5.2 Limitations for Analysis and Forecast of the Asia-Pacific Waste to Energy Market
- 5.3 Market Overview
- 5.4 Thermo Chemical Conversion
- 5.5 Bio-Chemical Conversion
- 5.6 Others (Chemical Conversion)
6 Asia-Pacific Waste to Energy Market (by Waste Type)
- 6.1 Municipal Solid Waste (MSW)
- 6.2 Agricultural Waste
- 6.3 Medical Waste
- 6.4 Process Waste
- 6.5 Others
7 Asia-Pacific 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 Asia-Pacific Waste to Energy Market (by Country)
- 8.1 Market Overview
- 8.2 Asia-Pacific Waste to Energy Market (by Country)
- 8.2.1 Japan
- 8.2.2 China
- 8.2.3 India
- 8.2.4 South Korea
- 8.2.5 Singapore
- 8.2.6 Indonesia
- 8.2.7 Malaysia
- 8.2.8 Philippines
- 8.2.9 Australia, New Zealand (ANZ)
- 8.2.10 Rest-of-Asia-Pacific
9 Company Profiles
Waste to Energy Technology Provider
- 9.1 BTA International GmbH
- 9.1.1 Company Overview
- 9.1.2 Product Portfolio
- 9.1.3 Corporate Summary
- 9.1.4 SWOT Analysis
- 9.2 Babcock & Wilcox Enterprises Inc.
- 9.2.1 Company Overview
- 9.2.2 Product Portfolio
- 9.2.3 Financials
- 184.108.40.206 Financial Summary
- 9.2.4 SWOT Analysis
- 9.3 Austrian Energy & Environment Group
- 9.3.1 Company Overview
- 9.3.2 Product Portfolio
- 9.3.3 Corporate Summary
- 9.3.4 SWOT Analysis
- 9.4 C&G Environmental Protection Holdings Limited
- 9.4.1 Product Portfolio
- 9.4.2 Corporate Summary
- 9.4.3 SWOT Analysis
- 9.5 Hitachi Zosen Innova AG
- 9.5.1 Company Overview
- 9.5.2 Product Portfolio
- 9.5.3 Financials
- 220.127.116.11 Financial Summary
- 9.5.4 SWOT Analysis
- 9.6 Keppel Seghers
- 9.6.1 Company Overview
- 9.6.2 Product Portfolio
- 9.6.3 Corporate Summary
- 9.6.4 SWOT Analysis
- 9.7 MARTIN GmbH
- 9.7.1 Company Overview
- 9.7.2 Product Portfolio
- 9.7.3 Corporate Summary
- 9.7.4 SWOT Analysis
- 9.8 MITSUBISHI HEAVY INDUSTRIES ASIA PACIFIC PTE.LTD.
- 9.8.1 Company Overview
- 9.8.2 Product Portfolio
- 9.8.3 Corporate Summary
- 9.8.4 SWOT Analysis
- 9.9 Plasco Conversion Technologies Inc.
- 9.9.1 Company Overview
- 9.9.2 Product Portfolio
- 9.9.3 Corporate Summary
- 9.9.4 SWOT Analysis
- 9.10 ZE-Gen Inc.
- 9.10.1 Company Overview
- 9.10.2 Product Portfolio
- 9.10.3 Corporate Summary
- 9.10.4 SWOT Analysis
Waste to Energy Plant/Facility Operator
- 9.11 Covanta Energy Asia Pacific Holdings Ltd.
- 9.11.1 Company Overview
- 9.11.2 Product Portfolio
- 9.11.3 Financials
- 18.104.22.168 Financial Summary
- 9.11.4 SWOT Analysis
- 9.12 China Everbright International Ltd.
- 9.12.1 Company Overview
- 9.12.2 Product Portfolio
- 9.12.3 Financials
- 22.214.171.124 Financial Summary
- 9.12.4 SWOT Analysis
- 9.13 Wheelbrator Technologies Inc.
- 9.13.1 Company Overview
- 9.13.2 Product Portfolio
- 9.13.3 Corporate Summary
- 9.13.4 SWOT Analysis
Waste to Energy Service Provider
- 9.14 Veolia Environment S.A.
- 9.14.1 Company Overview
- 9.14.2 Product Portfolio
- 9.14.3 Financials
- 126.96.36.199 Financial Summary
- 9.14.4 SWOT Analysis
- 9.15 Waste Management Inc.
- 9.15.1 Company Overview
- 9.15.2 Product Portfolio
- 9.15.3 Financials
- 188.8.131.52 Financial Summary
- 9.15.4 SWOT Analysis
10 Report Scope & Methodology
- 10.1 Report Scope
- 10.2 Asia-Pacific Waste to Energy Market Research Methodology
- 10.2.1 Assumptions
- 10.2.2 Limitations
- 10.2.3 Primary Data Sources
- 10.2.4 Secondary Data Sources
- 10.2.5 Data Triangulation
- 10.2.6 Market Estimation and Forecast