Waste To Energy (WtE) concept encompasses the process of heat generation in form of electricity or heat from waste incineration. Most WtE processes generate electricity or heat directly via combustion, or a combustible medium such as methanol, methane or synthetic fuels. At present, rise in urbanization, industrialization and change in lifestyle stimulates the economic growth thus leading to massive generation of waste quantities leading to rising threat to environment.
The Planning Commission report published in 2014 on Waste to Energy revealed that more than 80% urban waste is disposed in an unhygienic manner at dump yards. Pointing towards municipal authorities in this report, it also highlighted some serious health problems arising out of disposal of waste by unethical means.
The market is highly driven by rise in use of energy applications for electricity and heat generations. Incineration methods are highly used for this process. In addition, government support and spending are predominantly accountable for the sustained market growth.
Technological segment for waste to energy market encompasses thermal and biological. Based on this bifurcation, the thermal segment comprises incineration, gasification and pyrolysis.
The waste types generated in the waste to energy market include process waste, agriculture waste, residential waste, municipal solid waste and commercial waste. Agriculture waste and residential waste account for a remarkable market share revealing better opportunities in the near future.
North America is a dominating region for global market scenario. It highly involves presence of numerous market players engaged in collection of waste and transforming it for further use for energy appliances.
Apart, the need for waste regulations and waste management practices coupled with government policies to curtail greenhouse gases emission seems to act as a catalyst in the U.S. market development.
The scenario in Asia-Pacific is somewhat different as it has regions with faster growing population having tremendous potential for urbanisation to meet the growing demands of urbanisation. Vertical farming and terrace gardening are some of the initiatives undertaken by the local population to curb the pollution issues. In addition, improvements such as electricity generation from non-thermal technologies is gaining a wider traction in the APAC sector, which in turn serves to a standard proportion of population.
European markets on the other hand have been witnessing a rise in waste management practices. Government rules and policies for waste generation and disposal techniques are gaining momentum. Change in attitude towards disposal in nature is however creating awareness and is triggering the use of eco-friendly products for residential purpose. On the other hand, Middle East and African market have already initiated to use eco-friendly products