According To TechSci Research, Asia-Pacific waste to energy (WTE) market is expected to grow at a CAGR of 11% during the forecast period. Waste to energy conversion technologies produce energy from waste materials. The energy produced using natural gas, oil, coal, among others is same as the energy generated from this waste to energy conversion method. This conversion method is anticipated to minimize the municipal solid waste (MSW) landfills by 90%, which is further expected to reduce carbon dioxide (CO2) emissions generated by the waste. The key factor responsible for the growth of Asia-Pacific waste to energy market is growing focus on energy production through renewable energy sources. Moreover, increasing environmental concerns coupled with rise in government initiatives are anticipated to drive the waste to energy market in region in the coming years. In addition, significant growth in power consumption across the region is expected to positively influence market growth over the coming years.
Asia-Pacific waste to energy market is segmented based on type of waste, technology, country and company. By type of waste, the market is categorized into MSW, agricultural waste, and others. Among them, the MSW category dominated the market until 2020 and is anticipated to maintain its leading position during the forecast period as well. The segment’s high growth can be attributed to the use of municipal solid waste as a primary source of fuel for energy by waste-to-energy (WTE) plants. The MSW has been increasing rapidly in China owing to rapid urbanization and economic developments. Therefore, the effective disposal of MSW has become a serious concern for the country.
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Key players in Asia-Pacific waste to energy market include Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd., C&G Environmental Protection Holdings Limited, China Everbright International Limited, Covanta Energy Asia Pacific Holdings Ltd., Suez S.A., Veolia India Private Limited, CNIM Martin Private Limited, Hitachi Zosen Corporation, China Jinjiang Environment Holding Co Ltd, GrandBlue Environment Co., Ltd., among others. The players operating in the market are rapidly adopting several strategies such as business expansions, joint ventures, mergers & acquisitions, agreements in order to expand their geographic reach and uplift their market positions.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of waste to energy players across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product types, application types and presence of all major waste to energy providers across the region.
TechSci Research calculated Asia-Pacific waste to energy market size using a bottom-up approach, where data for various end user industries and its application across various segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
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Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as waste to energy providers and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Asia-Pacific waste to energy market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Asia-Pacific waste to energy market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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