169, Harrison avenue Boston, MA 02111.
+1 857-302-4704

Growing energy demand drives the Waste to Energy market

Growing energy demand drives the Waste to Energy market

There has been a paradigm shift in the landscape of global energy in recent times. The traditional demand centers are now being taken over by emerging fast-growing markets. There is also a change in the energy mix which is shifting the supply focus towards renewable energy sources, driven by environmental concerns towards a lower carbon future, consumer behavioral changes and technological improvements. The demand for energy power is primarily growing across all the sectors and is mostly driven by the non-OECD nations, mainly China and India. This increase in demand, coupled with the additional burdens of increasing waste generation, restricted landfilling capacity and strict environment concerns relating to disposal are driving the Waste to energy market globally.

The Waste to energy market offers ample opportunities for investors to garner business from this upcoming segment. While the availability of infrastructure for the collection and segregation of waste solves the problem in the supply front, friendly market policies by governments across the globe (in the form of financial incentives and tax benefits) relieve the investors in the demand process. These financial benefits by the government and the huge potential of the market have also made the sector more attractive for companies for rapid expansions and allowed many local investors and startups to enter. In a recent project, Bioenergy Infrastructure Group had incidentally purchased 20 WTE facilities from the UK Green Investment Group.

Read the report published by Inkwood Research on “Global Waste to Energy market

The Europe WTE market is rapidly developing globally in terms of size. Sophisticated technological innovations has played the most significant role for the market growth in this region, and with technologies like biological digestion commercially viable now, the market is ready to generate energy from newer types of wastes. The most dominant force in the region has been France (in terms of the number of operating WTE plants), followed by Germany & Italy. Asia-Pacific is not to be left behind either and is now one of the most promising markets for WTE. Japan is the leader in this region, and India and China are quickly capitalizing on their WTE projects. An increasing amount of waste generation and deteriorating environmental conditions due to disposing of wastes in landfills are driving the growth in these nations. Under its Swatch Bharat Mission, India also plans in investing about USD 3 billion in WTE projects over the next few years. The market is at a budding stage in Africa though, and the first WTE project in the region (Ethiopian Reppie, which is a consortium of the Ethiopian government, China National Electric Engineering, Ramboll and Cambridge Industry) is all set to commence operations by 2018. Algeria has also planned to generate 1 GW of power from WTE over the next 12 years. The rise of the recycling industry across developed countries like the U.S., The Netherlands, Germany and Japan are also expected to increase the number of WTE projects in the future.

The major players dealing in WTE market are Bioenergy Infrastructure Group, C & G Environmental Protection Holding Ltd., Foster Wheeler AG, Abu Dhabi National Energy Company PJSC, Xcel Energy Inc., Babcock & Wilcox Inc., Mapal Green Energy Ltd, Covanta Energy Corporation, Shenzhen Energy and Keppel Seghers.

Pratik Patra

Author: Pratik Patra

Pratik is a Writer, Artist, and Technocrat from India. He is an engineer from IIT Bombay and is currently pursuing his MBA from XIMB.

Like
Like Love Haha Wow Sad Angry

Leave a comment