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Market Research Report

Stressed Landfills Boosting Growth Opportunities in the Waste-to-Energy (WtE) Market in Asia

Published by Frost & Sullivan Product code 979088
Published Content info 52 Pages
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Stressed Landfills Boosting Growth Opportunities in the Waste-to-Energy (WtE) Market in Asia
Published: December 7, 2020 Content info: 52 Pages
Description

Smart City Investments to Implement Sustainable Waste Management Infrastructure are Driving Market Growth in Asia

Asia's large population and rapid urbanization have led to vast amounts of municipal solid waste (MSW) generation. Estimated at more than one million tonnes per day, MSW generation in urban Asia is only expected to increase in the coming years. Managing this waste is becoming a problem, with landfilling fast fading as a viable option, since land availability is decreasing and the landfills are filling up much before their intended active lifespans.

Waste-to-energy (WtE), or energy-from-waste (EfW) as it is also commonly called, is a means of waste management that burns unrecyclable waste and converts it into electricity and heat for further use. It is generally used in cities to convert municipal solid waste into electricity and district heating. The residues generated from WtE are generally sent to landfills and account for more than a 95% volume reduction to them. Nowadays, WtE companies are also finding new uses of these residues to try to ensure that almost no waste goes to landfills. This also acts as an additional source of income.

A circular economy works on the premise that virtually no waste moves out of the current system (no landfilling ideally) and all end-of-life products are reused, repurposed, recycled or have their energy recovered. This principle is gaining greater acceptance in Asia, with countries like Japan, China, India, and Singapore developing their own strategies in order to transition into a circular economy. Many of them are also seeing WtE as their main way of energy recovery from unrecyclable waste.

This study looks into the WtE market in Asia, with a particular focus on waste incinerators and gasifiers. The main countries/regions covered in this study are China, India, East Asia (Japan, South Korea, and Taiwan), and Southeast Asia (Singapore, Malaysia, Thailand, Vietnam, Indonesia, and the Philippines). This study calculates the total and regional Asian market for WtE in 2019 and forecasts it to 2026. This study also calculates and forecasts the market for incineration and gasification systems. The markets have been shown in terms of CAPEX revenues as well as in terms of new WtE projects. The study talks about the various drivers and restraints that affect the market in Asia, and also points out the effects of the Covid-19 pandemic on the market. The study looks into the key competitors in the market across the region and estimates their market shares. Some of the companies mentioned in this study include the Hitachi Zosen Corporation, China Everbright International, Keppel Seghers, CNIM Martin, Veolia, and Suez. Finally, the study provides a detailed list of growth opportunities in the market, including advanced digital solutions, the integration of WtE with other circular economy elements, and some improved business models for WtE companies to explore.

Table of Contents
Product Code: PB14-15

Table of Contents

Strategic Imperatives

  • Why Is It Increasingly Difficult to Grow?
  • The Strategic Imperative 8™
  • The Impact of the Top Three Strategic Imperatives on the WtE Industry on the Asian Market
  • Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Opportunity Analysis, WtE Market

  • WtE Market Scope of Analysis
  • WtE Market Segmentation
  • Key Growth Metrics for the WtE Market
  • Major Companies in Asia's WtE Market
  • Growth Drivers for the WtE Market
  • Growth Restraints for the WtE Market
  • Forecast Assumptions and Methodology, WtE Market
  • Revenue and New Plants Forecast, WtE Market
  • Revenue Forecast Discussion, WtE Market
  • Revenue Forecast by Region, WtE Market
  • Percent Revenue Forecast by Region, WtE Market
  • Revenue Forecast Analysis by Region, WtE Market
  • Revenue Forecast Analysis by Region, WtE Market (continued)
  • Revenue Forecast Analysis by Region, WtE Market (continued)
  • Revenue Forecast by Product Segment, WtE Market
  • Revenue Forecast Analysis by Product Segment, WtE Market
  • Competitive Landscape and Key Companies, WtE Market
  • Competitive Environment, WtE Market
  • Market Share Analysis, WtE Market

Growth Opportunity Universe, WtE Market

  • Growth Opportunity 1-Improved Waste Collection and Increasing Calorific Value of Waste
  • Growth Opportunity 1-Improved Waste Collection and Increasing Calorific Value of Waste (continued)
  • Growth Opportunity 2-Innovating and Integrating with the Circular Economy
  • Growth Opportunity 2-Innovating and Integrating with the Circular Economy (continued)
  • Growth Opportunity 3-Renovating and Upgrading Older WtE Plants
  • Growth Opportunity 3-Renovating and Upgrading Older WtE Plants (continued)
  • Growth Opportunity 4-Fuel Hybridization and Co-firing
  • Growth Opportunity 4-Fuel Hybridization and Co-firing (continued)
  • Growth Opportunity 5-Focus On Developing Countries and Upcoming Markets
  • Growth Opportunity 5-Focus On Developing Countries and Upcoming Markets (continued)
  • Growth Opportunity 6-Improved Business Models
  • Growth Opportunity 6-Improved Business Models (continued)
  • Growth Opportunity 7-Smart City Infrastructure Projects
  • Growth Opportunity 7-Smart City Infrastructure Projects (continued)
  • Growth Opportunity 8-Integrating Gasification with the Hydrogen Fuel Cell Economy
  • Growth Opportunity 8-Integrating Gasification with the Hydrogen Fuel Cell Economy (continued)
  • Growth Opportunity 9-Implementing Advanced Digital Solutions Like Internet of Things (IoT)
  • Growth Opportunity 9-Implementing Advanced Digital Solutions Like Internet of Things (IoT) (continued)
  • Growth Opportunity 10-Improved Social Branding and Outreach
  • Growth Opportunity 10-Improved Social Branding and Outreach (continued)
  • List of Exhibits
  • Legal Disclaimer
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