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Biomass and Waste-to-Energy - Global Market Trajectory & Analytics

  • ID: 992763
  • Report
  • January 2021
  • Region: Global
  • 142 Pages
  • Global Industry Analysts, Inc
Global Biomass and Waste-to-Energy Market to Reach $39.9 Billion by 2027

The global market for Biomass and Waste-to-Energy is projected to reach US$ 39.9 billion by the year 2027, trailing a post COVID-19 CAGR of 5.2% over the analysis period 2020 through 2027. The Covid-19 pandemic brought economic activity across the world to a screeching halt. Even though economies are limping back to normalcy, the pandemic has underlined the need for sustainable development. Global energy consumption is estimated to decrease by anywhere between 5% to 1% and carbon emissions by are estimated to decline at a similar rate in 2020, a first in many years. Even if these unexpected benefits to the environment can be maintained in future, that would be a huge fillip to prevent environmental degradation. Governments and organizations across the world are using the opportunity provided by the pandemic to improve sustainability measures. Governments are using various means such as recovery measures to maintain the sustainability momentum. Governments are tying investment support with sustainability measures such as investments in alternative energy infrastructure including energy storage, carbon capture, and improving the energy efficiency of buildings through retrofitting with green building materials. The present economic scenario does not warrant additional investments in energy infrastructure owing to the low demand. However, governments and businesses should take advantage of the attractive pricing at the moment to initiate infrastructure buildup for alternative energy as part of long-term strategy to decrease dependence on fossil fuels.

To achieve net zero emissions, renewable energy would have to account for about three-fourths of energy supply, and investments in alternative energy would aid countries and companies to achieve this goal at a faster rate. The present remote working trend has brought the focus back on improving high-speed internet infrastructure. Biomass energy is rapidly emerging as a sustainable option over fossil fuels for energy and heat generation across countries. In 2019, biomass energy generation capacity globally increased by 8.5GW, indicating strong focus of government on bioenergy. With an impressive 60% share of new biomass energy capacity, China remained at the forefront of bioenergy. Majority of the new capacity in the country came from waste-to-energy projects. Japan represents the second-leading market, holding one-tenth of the capacity of China. The biomass energy remained concentrated regionally, with ten countries claiming 90% share of the new capacity in 2019. However, bioenergy capacity additions are expected to decline 12% in 2020 owing to the COVID-19 crisis that has severely affected China, the UK, Japan and Brazil. The outbreak has resulted in delays for various projects. Despite the COVID-19 pandemic, the industry witnessed few disruptions related to supply of biomass fuels including wood pellets and chips. The slow growth is partly credited to transition from existing policy support through certificate schemes and feed-in-tariffs toward competitive auctions in major bioenergy markets like the UK, Germany and Japan.

Bioenergy is anticipated to also find increasing acceptance for renewable heating, accounting for 90% of renewable heat usage in 2019, which includes indirect consumption through district heat networks. The approach is highly popular across industries engaged in producing biomass waste or residues. Moreover, biomass energy is the main option for renewable heat across buildings through wood & pellet boilers and stoves. The use of bioenergy for heat is predicted to grow 10% through 2025, with China and India claiming over half of the anticipated growth. While India and Africa are expected to make a notable contribution, new installations of pellet and wood boilers and stoves in the EU are predicted to claim one-fourth of the overall share. China is among the fastest growing markets in this sector. France, Germany, Denmark, Belgium, Netherlands, and Japan are among the few countries with high incineration capacities per head. These countries have been traditional centers of waste incineration technology, and continue to hold prominence in the present scenario. In countries such as Monaco, Sweden and Japan, waste incineration capacities are significantly higher than the total municipal waste. In countries such as Japan, waste incineration has been a widely used process even prior to the realization about the technology's eco-friendly characteristic. Majority of the Asian nations make use of thermal waste-to-energy (WTE) technology that utilizes heat to transform waste into heat energy or electricity. Thermal incineration differs from traditional incineration, wherein burnt waste may not necessarily result in the energy generation. However, concerns about waste-to-energy, particularly air pollution and opposition to new facilities from communities have resulted in restrictions being placed on the establishment of new facilities. In China, about 50-55% of the total MSW is sent for treatment, of which more than three-fourth share is diverted into landfills. However, the country's vast population base has brought forth the significance of appropriate government policies pertaining to MSW treatment. Subsequently, the government of China offered subsidies as well as corporate tax exemptions in order to boost the waste-to-energy technology.

Select Competitors (Total 58 Featured):
  • Babcock & Wilcox Enterprises Inc
  • China Everbright International Limited
  • Covanta Holding Corporation
  • Hitachi Zosen Corporation
  • KEPPEL SEGHERS Pte., Ltd
  • Mitsubishi Heavy Industries, Ltd
  • Ramboll Group A/S
  • Suez
  • The Abu Dhabi National Energy Company, PJSC
  • Veolia Environnement S.A
  • Waste Management, Inc
  • Wheelabrator Technologies Inc
  • Xcel Energy Inc
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • Covid-19 Crisis Underlines the Need for Sustainable Development
  • Investment Scenario on Alternate Energy Remains Impacted
  • EXHIBIT 1: Global Investments in Clean Energy & Efficiency Technologies (In US$ Billion) for the Years 2018, 2019 & 2020
  • Bioenergy to Take Increasing Hold of Power & Heat Production
  • COVID-19 Brings Serious Challenges for Biomass Power Industry
  • Worldwide Renewable Energy Market: A Review
  • EXHIBIT 2: Global Energy Mix: 1990 Vs 2020
  • EXHIBIT 3: Global Renewable Energy Breakdown by Type: 2010 Vs 2030
  • EXHIBIT 4: Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • Sustained Rise in Electric Power Consumption Drives the Need for Alternative Energy Sources
  • EXHIBIT 5: Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • EXHIBIT 6: Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
  • Biomass and Waste-To-Energy: A Prelude
  • Major Categories of Biomass Sources
  • Waste-to-Energy
  • Stages of Waste Conversion Process
  • Technologies for MSW Treatment
  • Technologies for Processing Biomass
  • Supply Security & Environmental Concerns Boost Biomass Usage
  • Growth Drivers for Biomass Power Generation
  • Market Restraints
  • Waste-to-Energy Market to Register Strong Growth
  • EXHIBIT 7: Percentage of Municipal Solid Waste Burned with Energy Recovery in Select Countries
  • Asia-Pacific to Drive Growth
  • Issues Surrounding Waste-to Energy
  • Recent Market Activity
  • World Brands
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Automation Picks Up Pace at Waste-to-Energy and Biomass Plants
  • Rising Biomass Pellet Production Helps Biomass Industry Display Strong Growth
  • Rise in MSW Augurs Well for Market Growth
  • EXHIBIT 8: Global Waste Generation, by Region (in millions of tonnes/year): 2016, 2030, 2050
  • Start-ups Enter Waste-To-Energy Space
  • Innovations and Technology Advancements Spur Growth
  • Hydrothermal Carbonization Waste-To-Energy Technology
  • Researchers at UNIST Develop New Biomass Conversion Technology
  • Dendro Liquid Energy (DLE) to Offer New Growth Avenues
  • Micropower Projects: Providing Electricity to Remote Areas
  • Rise in Use of Biomass in Heat Applications
  • EXHIBIT 9: Biomass CHP as a Percentage of Total CHP Generation in Select Countries
  • Electricity from Biomethane Facilitates Pollution Reduction
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Current & Future Analysis for Biomass And Waste-to-Energy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027
  • TABLE 2: World Historic Review for Biomass And Waste-to-Energy by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 3: World 15-Year Perspective for Biomass And Waste-to-Energy by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027
  • TABLE 4: World Current & Future Analysis for Thermal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027
  • TABLE 5: World Historic Review for Thermal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 6: World 15-Year Perspective for Thermal by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • TABLE 7: World Current & Future Analysis for Biological by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027
  • TABLE 8: World Historic Review for Biological by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 9: World 15-Year Perspective for Biological by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • TABLE 10: World Current & Future Analysis for Other Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027
  • TABLE 11: World Historic Review for Other Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 12: World 15-Year Perspective for Other Technologies by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
  • Market Overview
  • Long-Term Prospects Remain Favorable for Waste-to-Energy Market
  • EXHIBIT 10: Municipal Solid Waste (MSW) Generation in the US by Waste Type (in %): 2019
  • EXHIBIT 11: Municipal Solid Waste (MSW) Management in the US by Type (in %): 2019
  • Rapidly Evolving Role of Renewables in Power Generation Widens Opportunities
  • EXHIBIT 12: Renewable Energy Consumption in the US (2019): Percentage Share Breakdown for Biomass, Hydroelectric, Wind Energy, Geothermal Energy, and Solar Energy
  • Biomass: A Promising Renewable Energy Resource
  • Cost Competitive Operations: Key to Growth
  • Challenges Facing Biomass Industry
  • Competition in the US Waste Incineration Plants Market
  • EXHIBIT 13: Leading Operators of Waste Incineration Plants in the US (2019)
  • Market Analytics
  • TABLE 13: USA Current & Future Analysis for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027
  • TABLE 14: USA Historic Review for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 15: USA 15-Year Perspective for Biomass And Waste-to-Energy by Technology - Percentage Breakdown of Value Revenues for Thermal, Biological and Other Technologies for the Years 2012, 2020 & 2027
  • CANADA
  • Bioenergy Sector: An Overview
  • Benefits of Bioenergy for Canada
  • Challenges Faced
  • Market Analytics
  • TABLE 16: Canada Current & Future Analysis for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027
  • TABLE 17: Canada Historic Review for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 18: Canada 15-Year Perspective for Biomass And Waste-to-Energy by Technology - Percentage Breakdown of Value Revenues for Thermal, Biological and Other Technologies for the Years 2012, 2020 & 2027
  • JAPAN
  • Market Overview
  • EXHIBIT 14: Power Capacity of Waste Incineration Plants in MW in Japan: 2009-2018
  • Market Analytics
  • TABLE 19: Japan Current & Future Analysis for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027
  • TABLE 20: Japan Historic Review for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 21: Japan 15-Year Perspective for Biomass And Waste-to-Energy by Technology - Percentage Breakdown of Value Revenues for Thermal, Biological and Other Technologies for the Years 2012, 2020 & 2027
  • CHINA
  • Market Overview
  • China Sets Forth to Develop Low-Carbon Economy
  • Renewable Law: Encouraging Green Electricity
  • Market Analytics
  • TABLE 22: China Current & Future Analysis for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027
  • TABLE 23: China Historic Review for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 24: China 15-Year Perspective for Biomass And Waste-to-Energy by Technology - Percentage Breakdown of Value Revenues for Thermal, Biological and Other Technologies for the Years 2012, 2020 & 2027
  • EUROPE
  • Market Overview
  • A Glance at Waste-to-Energy Market in Select European Countries
  • Growing Image of Biomass as an Ideal Alternative Energy Source Favors Growth
  • European Renewable Energy Industry: An Overview
  • EXHIBIT 15: Renewable Electricity Generation by Source in EU-27 (2019): Percentage Share Breakdown for Hydropower, Wind, Biomass, and Others
  • Market Analytics
  • TABLE 25: Europe Current & Future Analysis for Biomass And Waste-to-Energy by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027
  • TABLE 26: Europe Historic Review for Biomass And Waste-to-Energy by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 27: Europe 15-Year Perspective for Biomass And Waste-to-Energy by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027
  • TABLE 28: Europe Current & Future Analysis for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027
  • TABLE 29: Europe Historic Review for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 30: Europe 15-Year Perspective for Biomass And Waste-to-Energy by Technology - Percentage Breakdown of Value Revenues for Thermal, Biological and Other Technologies for the Years 2012, 2020 & 2027
  • FRANCE
  • Market Overview
  • EXHIBIT 16: Electricity Generation in France by Energy Source (2019)
  • Market Analytics
  • TABLE 31: France Current & Future Analysis for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027
  • TABLE 32: France Historic Review for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 33: France 15-Year Perspective for Biomass And Waste-to-Energy by Technology - Percentage Breakdown of Value Revenues for Thermal, Biological and Other Technologies for the Years 2012, 2020 & 2027
  • GERMANY
  • Market Overview
  • EXHIBIT 17: Renewable Power Capacity in Germany (2019)
  • EXHIBIT 18: Renewable Electricity Generation by Energy Source in Germany (2019)
  • Market Analytics
  • TABLE 34: Germany Current & Future Analysis for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027
  • TABLE 35: Germany Historic Review for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 36: Germany 15-Year Perspective for Biomass And Waste-to-Energy by Technology - Percentage Breakdown of Value Revenues for Thermal, Biological and Other Technologies for the Years 2012, 2020 & 2027
  • ITALY
  • TABLE 37: Italy Current & Future Analysis for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027
  • TABLE 38: Italy Historic Review for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 39: Italy 15-Year Perspective for Biomass And Waste-to-Energy by Technology - Percentage Breakdown of Value Revenues for Thermal, Biological and Other Technologies for the Years 2012, 2020 & 2027
  • UNITED KINGDOM
  • Market Overview
  • EXHIBIT 19: Installed Capacity of Electricity Generation from Renewable Sources in the UK (2019)
  • Market Analytics
  • TABLE 40: UK Current & Future Analysis for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027
  • TABLE 41: UK Historic Review for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 42: UK 15-Year Perspective for Biomass And Waste-to-Energy by Technology - Percentage Breakdown of Value Revenues for Thermal, Biological and Other Technologies for the Years 2012, 2020 & 2027
  • REST OF EUROPE
  • TABLE 43: Rest of Europe Current & Future Analysis for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027
  • TABLE 44: Rest of Europe Historic Review for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 45: Rest of Europe 15-Year Perspective for Biomass And Waste-to-Energy by Technology - Percentage Breakdown of Value Revenues for Thermal, Biological and Other Technologies for the Years 2012, 2020 & 2027
  • ASIA-PACIFIC
  • Market Overview
  • Waste-to-Energy Market
  • EXHIBIT 20: Municipal Solid Waste (generated per kg/version/day) in Asia by Country: 2019 and 2025
  • INDIA
  • Market Overview
  • AUSTRALIA
  • Market Analytics
  • TABLE 46: Asia-Pacific Current & Future Analysis for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027
  • TABLE 47: Asia-Pacific Historic Review for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 48: Asia-Pacific 15-Year Perspective for Biomass And Waste-to-Energy by Technology - Percentage Breakdown of Value Revenues for Thermal, Biological and Other Technologies for the Years 2012, 2020 & 2027
  • REST OF WORLD
  • LATIN AMERICA
  • Market Analytics
  • TABLE 49: Rest of World Current & Future Analysis for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027
  • TABLE 50: Rest of World Historic Review for Biomass And Waste-to-Energy by Technology - Thermal, Biological and Other Technologies Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019
  • TABLE 51: Rest of World 15-Year Perspective for Biomass And Waste-to-Energy by Technology - Percentage Breakdown of Value Revenues for Thermal, Biological and Other Technologies for the Years 2012, 2020 & 2027
IV. COMPETITION
  • Total Companies Profiled: 121
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