San Francisco, California, May 25, 2017: TMR Research speaks on the factors that influence and will continue to influence the demand and supply of waste to energy solutions, in “Waste to Energy Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” Waste to energy conversion involves the generation of either heat or electricity from waste products, generally the large scale municipal waste from landfills. Different forms of technologies are currently being applied and developed to efficiently convert waste to usable forms of energy. Each branch of waste to energy techniques apply markedly different approaches towards the same goal, due to the differences in the types of waste products. The end product, i.e. energy, is expected to be a usable and valuable asset in residential, commercial, as well as industrial sectors.
One of the key factors currently promoting the global waste to energy market is the already high and swiftly growing demand for energy across the world. Developments in industrial sector, the growth of commercial and residential sectors, and the growing global population is generating a high level of pressure on the energy sector, and both private and government entities are struggling to find feasible unconventional energy generation methods for the long run. The nonrenewable sources of energy are closing towards depletion and renewable sources such as hydropower and solar power are not nearly efficient enough to completely close the gap in the supply and demand for energy. Waste to energy conversion could provide a breather for the energy sector.
The prominence of the global waste to energy market has gained steam over the past few years, thanks to the development of conversion technologies and the associated biological technologies. At the same time, thermal technology has gained prominence over biological technologies, due to their greater flexibility in terms of using feedstock. Thermal technologies also provide the district advantage of generating a lower weight and volume of ash as a byproduct. In 2012 itself, thermal technologies held a share of nearly 80% in the global waste to energy market in terms of value. Despite its inherent advantages, thermal technologies are expected to shrink in usage over the coming years, due to the growing set of problems that they are facing. These include unpredictable output levels and the overall ineffectiveness of reducing waste. Over the coming years, biological technologies are expected to improve and gain traction in terms of demand.
Key players in the global waste to energy market at the moment, include Suez Environment S.A., Constructions industrielles de la de la Méditerranée, Covanta Energy Corporation, Veolia Environment, Waste Management Inc., C&G Environmental Protection Holdings, and China Everbright International Limited.