Asia Pacific Waste to Energy Market Growth, Trends, Size, Share, Revenue and Future Outlook
Asia Pacific Waste to Energy Market Size- By Technology, By Type of Waste, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2024 | Report ID: POAE2464 | Pages: 1 - 152 | Formats*: |
| Category : Power & Energy | |||
Asia Pacific Waste to Energy Market Introduction and Overview
According to SPER Market Research, the Asia Pacific Waste to Energy Market is estimated to reach USD XX million by 2033 with a CAGR 3.05%.
The report includes an in-depth analysis of the Asia Pacific Waste to Energy Market, including market size and trends, product mix, distribution channels, and supplier analysis. Waste to energy refers to the process of treating waste through the application of various technologies, including thermochemical and biochemical processes, in order to produce energy in the form of heat or electricity. Given that waste energy is a significant renewable energy source, it is critical to take into account the makeup of the various waste categories. Waste can be utilised to provide energy in a variety of ways, including construction, agriculture, municipal, and medical waste. Several technologies, including chemical, biochemical, and thermochemical conversion, are used in this conversion process.
- Vishnu Surya Projects and Infra Limited (VSIL), a large Indian building and infrastructure corporation, announced plans to enter the waste management industry in March 2024. They accomplished this through strategic alliances known as Memorandums of Understanding (MoUs) with Hitachi Zosen India Private Limited and AG Enviro Infra Projects Private Limited.
- A memorandum of understanding was signed in March 2024 by EverWind Fuels and Eastward Energy to advance the use of sustainable energy by enhancing Nova Scotia's green hydrogen industry.
- Blue Planet Environmental Solutions acquired a portion of Mahindra Waste to Energy Solutions Limited (MWTESL), a business under the Mahindra Group, in February 2024. In order to further activities related to sustainability and the circular economy, this link is crucial.
Market Opportunities and Challenges
Opportunities: Increased industrialization and urbanisation, combined with economic growth, generates waste, poses environmental hazards, and emits carbon dioxide (CO2). Commercial and residential waste production has also increased dramatically as people's lifestyles have changed around the world. Waste to energy plays an important role in achieving the transformation to a sustainable energy ecosystem by serving as an energy source to reduce greenhouse gas (GHG) emissions, a clean demand response option, a design consideration for eco-industrial parks, and, in some cases, the only option for waste treatment at the end of life.
Furthermore, Thermal technologies are expected to command a sizable market share for waste to energy (WTE) conversion in the next years due to ongoing advancements in waste treatment technology. Thermal treatment transforms waste into useful heat or steam, which is subsequently utilised to drive a turbine and generate electricity. Different thermal processes are used by businesses worldwide to produce energy. These mechanisms include, among other things, plasma arc treatment, pyrolysis—which burns waste completely to produce heat—pyrolysis & gasification—which partially burns waste to create an intermediate used for energy recovery or recycling—and incineration—which burns waste completely to produce heat.
Challenges: Governments throughout the world are progressively adopting better municipal solid waste management practices, including the use of various WtE technologies as one of the most viable solutions for MSW disposal and energy generation. Multiple factors influence the selection of WtE technology, and each location need a distinct environment for implementing the best solutions. As a result, the WtE industry is very complicated and fragmented in terms of legislation and regulations, leaving significant untapped potential.
Furthermore, WtE is frequently regarded as a more expensive option for waste disposal and energy generation when compared to other fossil fuel-powered alternatives. There is a gap because the environmental and social benefits of WtE are undervalued in contrast to proven renewable alternatives like wind and solar energy. Furthermore, the scarcity of resources limits waste-to-energy production. As a result, power generation capacity is hampered when compared to other conventional energy resources, necessitating additional consideration in market development for specific factors such as raw material availability and consistency, technology selection, and appropriate regulatory framework conditions, among others.
Market Competitive Landscape
The Asia-Pacific waste-to-energy market is fragmented. Wood Group Plc, Babcock & Wilcox Enterprises Inc., C&G Environmental Protection Holdings Ltd, Everbright International Ltd, Covanta Holding Corporation, Green Conversion Systems, Inc, and Hitachi Zosen Corporation are among the market's major players.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Technology, By Type of Waste, By Application |
| Regions covered | China, Japan, India, South Korea, Australia, Indonesia, Others |
| Companies Covered | Wood Group Plc, Babcock & Wilcox Enterprises Inc, C&G Environmental Protection Holdings Ltd, Everbright International Ltd, Covanta Holding Corporation, Plantec Asia Pacific Pte Ltd, Hitachi Zosen Corporation, Keppel Seghers, Suez Environnement Company, Mitsubishi Heavy Industries, Ltd. |
COVID-19 Impact on Asia Pacific Waste to Energy Market
The COVID-19 epidemic damaged the worldwide economy by halting operations in vital businesses such as garbage recycling and electricity generation. The spread of COVID-19 presented opportunities and dangers to the solid waste management system. In response to the growing pressures of resource consumption and environmental effect, increased emphasis was placed on improving the sustainability of the waste management system. For example, the Sustainable Development Goals (SDGs) emphasise increasing the amount of renewable energy, focusing on MSW management, and lowering waste generation through recycling and re-use. Achieving such worldwide targets required a sustainable solid waste business, such as waste-to-energy (WtE), waste-to-material (WTM), and other waste disposal companies.
Key Target Audience:
- Government Bodies and Regulatory Authorities
- Waste Management Companies
- Energy Companies
- Investors and Financial Institutions
- Technology Providers
- Industrial and Commercial Establishments
- Environmental and Non-Governmental Organizations (NGOs)
- Research and Academic Institutions
- Residential Consumers
Our in-depth analysis of the Asia Pacific Waste to Energy Market includes the following segments:
| By Technology: | |
| By Type of Waste: | |
| By Application: |
Key Topics Covered in the Report
- Asia Pacific Waste to Energy Market Size (FY’2024-FY’2033)
- Overview of Asia Pacific Waste to Energy Market
- Segmentation of Asia Pacific Waste to Energy Market By Technology (Thermal, Incineration, Pyrolysis, Gasification, Biological, Physical)
- Segmentation of Asia Pacific Waste to Energy Market By Type of Waste (Municipal Waste, Agricultural Waste, Industrial Waste, Others)
- Segmentation of Asia Pacific Waste to Energy Market By Application (Electricity, Heat, Combined Heat and Power, Transport fuels, Others)
- Statistical Snap of Asia Pacific Waste to Energy Market
- Expansion Analysis of Asia Pacific Waste to Energy Market
- Problems and Obstacles in Asia Pacific Waste to Energy Market
- Competitive Landscape in the Asia Pacific Waste to Energy Market
- Impact of COVID-19 and Demonetization on Asia Pacific Waste to Energy Market
- Details on Current Investment in Asia Pacific Waste to Energy Market
- Competitive Analysis of Asia Pacific Waste to Energy Market
- Prominent Players in the Asia Pacific Waste to Energy Market
- SWOT Analysis of Asia Pacific Waste to Energy Market
- Asia Pacific Waste to Energy Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia Pacific Waste to Energy Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia Pacific Waste to Energy Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Pacific Waste to Energy Market
7. Asia Pacific Waste to Energy Market, By Technology (USD Million) 2020-2033
7.1. Asia Pacific Waste to Energy Market Size, Share and Forecast, By Technology, 2020-20267.2. Asia Pacific Waste to Energy Market Size, Share and Forecast, By Technology, 2027-20337.3. Thermal7.4. Incineration7.5. Pyrolysis7.6. Gasification7.7. Biological7.8. Physical
8. Asia Pacific Waste to Energy Market, By Type of Waste (USD Million) 2020-2033
8.1. Asia Pacific Waste to Energy Market Size, Share and Forecast, By Type of Waste, 2020-20268.2. Asia Pacific Waste to Energy Market Size, Share and Forecast, By Type of Waste, 2027-20338.3. Municipal Waste8.4. Agricultural Waste8.5. Industrial Waste8.6. Others
9. Asia Pacific Waste to Energy Market, By Application (USD Million) 2020-2033
9.1. Asia Pacific Waste to Energy Market Size, Share and Forecast, By Application, 2020-20269.2. Asia Pacific Waste to Energy Market Size, Share and Forecast, By Application, 2027-20339.3. Electricity9.4. Heat9.5. Combined Heat and Power (CHP)9.6. Transport fuels9.7. Others
10. Asia Pacific Waste to Energy Market Forecast, 2020-2033 (USD Million)
10.1. Asia Pacific Waste to Energy Market Size and Market Share
11. Asia Pacific Waste to Energy Market, By Region, 2020-2033 (USD Million)
11.1. Asia Pacific Waste to Energy Market Size and Market Share By Region (2020-2026)11.2. Asia Pacific Waste to Energy Market Size and Market Share By Region (2027-2033)11.3. China11.4. Japan11.5. India11.6. South Korea11.7. Australia11.8. Indonesia11.9. Others
12. Company Profile
12.1. Wood Group Plc12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Babcock & Wilcox Enterprises Inc12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. C&G Environmental Protection Holdings Ltd12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Everbright International Ltd12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Covanta Holding Corporation12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Plantec Asia Pacific Pte Ltd12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Hitachi Zosen Corporation12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Keppel Seghers12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Suez Environnement Company12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Mitsubishi Heavy Industries, Ltd12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia Pacific Waste to Energy Market is projected to reach USD XX Million by 2033, growing at a CAGR of 3.05% during the forecast period.
Asia Pacific Waste to Energy Market grew in Market size from 2024. The Market is expected to reach USD XX Million by 2033, at a CAGR of 3.05% during the forecast period.
Asia Pacific Waste to Energy Market CAGR of 3.05% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Asia Pacific Waste to Energy Market size is USD XX Million from 2024 to 2033.
Asia Pacific Waste to Energy Market is covered By Technology, By Type of Waste, By Application
The Asia-Pacific is anticipated to have the highest Market share in the Asia Pacific Waste to Energy Market.
The key players in the Market include Companies Covered Wood Group Plc, Babcock & Wilcox Enterprises Inc, C&G Environmental Protection Holdings Ltd, Everbright International Ltd, Covanta Holding Corporation, Plantec Asia Pacific Pte Ltd, Hitachi Zosen Corporation, Keppel Seghers, Suez Environnement Company, Mitsubishi Heavy Industries, Ltd.
Increased industrialization and urbanisation, combined with economic growth, generates waste, poses environmental hazards, and emits carbon dioxide (CO2).
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