Asia Pacific Waste To Energy Market

Asia Pacific Waste to Energy Market - Industry Analysis 2015 - 2019 and Opportunity Assessment; 2020 - 2030

Market Overview

Waste management is one of the biggest challenges for most economies today, and leading players in the waste management industry are introducing innovative technologies to facilitate the process of converting waste into energy. Though waste to energy technologies are not alien to the world, however, the space continues to remain dynamic as market players are constantly introducing innovative technological alternatives to the traditional operational approach.

The Asia Pacific waste to energy market is witnessing a paradigm shift in its waste management perspective by bolstering the adoption of waste to energy techniques, especially across all its municipal corporations. Increasing participation of governing bodies along with tightening waste management norm in the region are expected to provide an impetus to the growth of the Asia Pacific waste to energy market in the coming years.

Transition from Conventional to Advanced Technologies to Remain Prevalent Worldwide

Mountains of waste are piling up in landfills across the world, and it has made waste management one of the fastest growing industries. However, the conventional techniques of waste management such as combustion, have contributed heavily to environmental degradation, as the organic material present in waste is a significant source of methane - a highly harmful greenhouse gas. Thereby, the waste management industry is heading towards next-generation technologies not only to manage waste in the landfills but also to capture energy from waste.

Though the inclination of end users towards generating electricity from waste is significantly high, it is an outdated technique, and more sophisticated systems have been introduced in the waste to energy market. Thermal technologies to turn waste to energy such as incineration, gasification, and pyrolysis are among the most commonly used techniques by a majority of end users. Furthermore, a majority of end users are also inclined towards using environmentally safer, biological processes of converting waste to energy, which is expected to transform the growth prospects of the market in the coming years.

Governmental Bodies Push Stakeholders to Bolster R&D and Improve Profitability of Waste to Energy Facilities

Municipal waste management is an integral part of the operations of municipal corporations and other governing bodies. Rapid transition of the world towards turning waste to energy has also triggered governmental institutions to set up waste to energy facilities. However, high operating costs of these facilities coupled with intense market competition due to alternative sources are becoming dominant factors that make maintaining and operating municipal waste to energy facilities less economic for governments.

This is triggering leading players in the Asia Pacific waste to energy market to boost their research & development (R&D) activities and provide cost-competitive alternatives to the existing practices and help governing bodies to improve the economic viability of their waste to energy facilities. Leading players have already introduced novel thermocatalytic techniques that can facilitate the conversion of landfill gases as well as biogas into high-value co-products including fuels. Thereby, increasingly active participation of governing bodies in the waste to energy market is expected to create new growth opportunities for market players that are strengthening their R&D facilities.

Waste To Energy Market: Region-wise Analysis

Waste to energy market in Asia Pacific is expected to witness significantly positive growth in the coming years. India, China, and Japan are among the leading countries in the region which will create most significant growth opportunities for market players in the forecasted years. The region is likely to witness a sharp incline in the development of new waste to energy facilities as a mounting number of global players are bolstering their investments in the region.

While China remains a leading nation to create most lucrative opportunities in its waste to energy market, and its dominance in the technology domain will only amplify growth prospects of the market. Japan is also expected to take the lead, banking on its expertise and technological stronghold in the waste to energy market. Furthermore, the number of waste to energy plants in the country is significantly high, which also makes Japan the land of opportunities for investors and other stakeholders.

Waste To Energy Market: Competitive Landscape

  • China Everbright International Limited
  • Suez Environnement S.A,
  • Veolia Environment
  • Waste Management Inc.
  • The Babcock & Wilcox Company
  • C&G Environmental Protection Holdings Ltd.
  • Xcel Energy
  • Foster Wheeler AG.

Abu Dhabi’s clean energy company Masdar announced in January 2020, that it is planning to invest nearly 511 million Australian dollars (Dh1.3 billion) to develop a waste to energy plant in Australia. The company also declared that it will partner with Spain’s Acciona, Japan’s Hitachi Zosen and John Laing Investments in this project, and the company alone will hold around 40% stakes in the waste to energy facility, which will be based in the Rockinghan Industry Zone - near Perth in Western Australia.

In October 2017, Wood Group, the Aberdeen-based oil and gas services company, announced that it has completed the acquisition of Amec Foster Wheeler plc - a British multinational consultancy, engineering, and project management company - for nearly US$ 2.2 billion. With this acquisition, the company aims to limit its exposure to the upstream oil industry and offer significant cost synergies in a less cyclical business. However, according to one requirement of the deal, Amec had to dispose of its oil and gas assets.

Region-wise Analysis

  • North America (U.S., Canada)
  •  Latin America (Mexico, Brazil)
  •  Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  •  East Asia (China, Japan, South Korea)
  •  South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  •  Oceania (Australia, New Zealand)
  •  Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Waste To Energy Market: Segment Analysis

The Asia Pacific waste to energy market can be segmented on the basis of the following:

By Technology

  • Thermal
    • Incineration
    • Gasification
    • Pyrolysis
  • Biological

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Asia Pacific Waste To Energy Market