Press Release

Thermal Technology to Project as Most Lucrative Segment in Asia Pacific Waste to Energy Market During Forecast Period

Rising urbanization and increasing environmental concerns to propel Asia Pacific waste to energy market during forecast period

According to TechSci Research report, Asia Pacific Waste To Energy Market By Type of Waste, By Technology, By Country, Competition, Forecast & Opportunities, 2024, the Asia-Pacific waste to energy market is forecast to grow at CAGR of 11% during 2019 -2024 on account of growing industrialization and urbanization coupled with rising waste generation. Moreover, continuous investments by various governing bodies, especially in the major developing economies of Asia-Pacific such as India and China, is further projected to drive the region’s waste to energy market in the coming years. The interest in waste to energy conversion is growing as an alternative to landfills due to rising inclination towards sustainable waste management practices, thereby fueling the growth of Asia-Pacific waste to energy market.

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Asia-Pacific waste to energy market can be segmented based on type of waste, technology and country. On basis of technology, the market can be segmented into Thermal, Biological, and Physical. Among them, the Thermal technology dominated the waste to energy market until 2018, which can be attributed to the increasing developments in gasification and incineration technologies, as well as the enormous amount of waste produced specifically from the developing nations of Asia-Pacific. The Thermal technology segment is expected to continue its dominant position in the market over the course of next five years. 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., etc. are some of the leading players operating in Asia-Pacific waste to energy market.

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“Asia-Pacific has witnessed significant developments in the waste to energy market over the past few years. Compared to last five years i.e. 2014 to 2018, the region’s waste to energy market is projected to witness higher growth during the forecast period on account of rising efforts by the governments towards adopting better municipal solid waste management practices, offering incentives for WTE (Waste To Energy) projects in terms of capital subsidies and feed in tariffs, and providing financial support for research and development activities.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Asia Pacific Waste To Energy Market By Type of Waste, By Technology, By Country, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of Asia-Pacific waste to energy market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Asia-Pacific waste to energy market.

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