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

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    Report

  • 253 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 992763

FEATURED COMPANIES

  • Hitachi Zosen Corporation
  • KEPPEL SEGHERS Pte., Ltd
  • Ramboll Group A/S
  • Suez
  • Veolia Environnement S.A
  • Waste Management, Inc

Global Biomass and Waste-to-Energy Market to Reach $38 Billion by 2026


Biomass is the leading renewable energy source, and the most important fuel in use apart from oil, coal and natural gas. Biomass can be used as feedstock for the production of electricity, either in dedicated or electricity only biomass plants, or in co-fired facilities using biomass in conjunction with coal. With areas available for use as landfills for municipal waste becoming difficult to find, the focus is shifting towards thermal waste recovery. Combustion, gasification, pyrolysis, and anaerobic digestion are some of the technologies used to convert biomass into various energy forms such as fuel, gas or electricity. Growth in the market is being propelled by the increased uptake of waste-to-energy technologies along with policy changes and population growth. Rapid growth of Asian markets and maturation of waste management regulations and climate mitigation strategies in Europe are expected to boost the global market. The waste material discarded on a global scale possesses the potential to address about 10% of worldwide electricity demand each year. Additionally, waste-to-energy market, incorporating digestion and thermal methods of generating power, lessens the hazard associated with pollutants released from landfills such as parasites, volatile organic compound, carbon dioxide, and methane gas.

Amid the COVID-19 crisis, the global market for Biomass and Waste-to-Energy estimated at US$30.5 Billion in the year 2022, is projected to reach a revised size of US$38 Billion by 2026, growing at a CAGR of 5.2% over the analysis period. Thermal, one of the segments analyzed in the report, is projected to grow at a 5% CAGR to reach US$32 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Biological segment is readjusted to a revised 6.1% CAGR for the next 7-year period. This segment currently accounts for a 11.4% share of the global Biomass and Waste-to-Energy market. The densely populated metropolitan areas face enormous challenges in dealing with the waste being produced on a daily basis, which has in turn brought into focus the industrial waste incineration. With areas available for use as landfills for municipal waste becoming difficult to find, the focus is shifting towards thermal waste recovery. Several new plants are built in metropolitan areas across the world, owing to the growing shortage of land required for landfill sites.

The U.S. Market is Estimated at $5.4 Billion in 2022, While China is Forecast to Reach $6 Billion by 2026


The Biomass and Waste-to-Energy market in the U.S. is estimated at US$5.4 Billion in the year 2022. The country currently accounts for a 17.98% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$6 Billion in the year 2026 trailing a CAGR of 6.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR while Rest of European market (as defined in the study) will reach US$6.4 Billion by the end of the analysis period. The emerging economies are increasingly opting for waste-to-energy technology owing to its ability to offer a solution for the increasing volume of municipal solid waste and need for a constant supply of renewable energy. The waste gathered from cities includes huge amount of renewable as well as biological materials, and is an important renewable energy source. The energy derived from the waste not only helps in energy diversification as well as security, but also addresses the demand for renewable energy.

Biological Segment to Reach $4.7 Billion by 2026


Advanced biological techniques are being developed to break down waste into clean-burning bio-fuels and gases. In the global Biological segment, USA, Canada, Japan, China and Europe will drive the 5.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.6 Billion will reach a projected size of US$3.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$415.5 Million by the year 2026.

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

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

FEATURED COMPANIES

  • Hitachi Zosen Corporation
  • KEPPEL SEGHERS Pte., Ltd
  • Ramboll Group A/S
  • Suez
  • Veolia Environnement S.A
  • Waste Management, Inc

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • 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
  • 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
  • Biomass and Waste-to-Energy - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Worldwide Renewable Energy Market: A Review
  • Global Energy Mix: 1990 Vs 2020
  • Global Renewable Energy Breakdown by Type: 2010 Vs 2030
  • Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • Sustained Rise in Electric Power Consumption Drives the Need for Alternative Energy Sources
  • Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • 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
  • Biomass Market: Fast Facts
  • 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
  • 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 Pallet Production Helps Biomass Industry Display Strong Growth
  • Rise in MSW Augurs Well for Market Growth
  • Global Waste Generation, by Region (in millions of tonnes/year): 2016, 2030, 2050
  • Startups 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
  • 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 Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
  • TABLE 4: World Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
  • TABLE 7: World Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
  • TABLE 10: World Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Biomass and Waste-to-Energy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Long-Term Prospects Remain Favorable for Waste-to-Energy Market
  • Municipal Solid Waste (MSW) Generation in the US by Waste Type (in %): 2019
  • Municipal Solid Waste (MSW) Management in the US by Type (in %): 2019
  • Rapidly Evolving Role of Renewables in Power Generation Widens Opportunities
  • 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
  • Leading Operators of Waste Incineration Plants in the US (2019)
  • Market Analytics
  • TABLE 13: USA Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
CANADA
  • Bioenergy Sector: An Overview
  • Benefits of Bioenergy for Canada
  • Challenges Faced
  • TABLE 16: Canada Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
JAPAN
  • Biomass and Waste-to-Energy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview
  • Power Capacity of Waste Incineration Plants in MW in Japan: 2009-2018
  • TABLE 19: Japan Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
CHINA
  • Biomass and Waste-to-Energy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • China Sets Forth to Develop Low-Carbon Economy
  • Renewable Law: Encouraging Green Electricity
  • TABLE 22: China Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
EUROPE
  • Biomass and Waste-to-Energy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • 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
  • Renewable Electricity Generation by Source in EU-27 (2019): Percentage Share Breakdown for Hydropower, Wind, Biomass, and Others
  • TABLE 25: Europe Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
  • TABLE 28: Europe Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
FRANCE
  • Biomass and Waste-to-Energy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
  • Market Overview
  • Electricity Generation in France by Energy Source (2019)
  • TABLE 31: France Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
GERMANY
  • Biomass and Waste-to-Energy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • Market Overview
  • Renewable Power Capacity in Germany (2019)
  • Renewable Electricity Generation by Energy Source in Germany (2019
  • TABLE 34: Germany Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
ITALY
  • TABLE 37: Italy Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
UNITED KINGDOM
  • Biomass and Waste-to-Energy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Market Overview
  • Installed Capacity of Electricity Generation from Renewable Sources in the UK (2019)
  • TABLE 40: UK Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
REST OF EUROPE
  • TABLE 43: Rest of Europe Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
ASIA-PACIFIC
  • Biomass and Waste-to-Energy Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
  • Waste-to-Energy Market
  • Municipal Solid Waste (generated per kg/version/day) in Asia by Country: 2019 and 2025
  • INDIA
  • Market Overview
  • AUSTRALIA
  • TABLE 46: Asia-Pacific Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
REST OF WORLD
  • LATIN AMERICA
  • TABLE 49: Rest of World Recent Past, 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 and % CAGR
  • 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 and % CAGR
  • 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, 2021 & 2027
IV. COMPETITION
  • Total Companies Profiled: 58

A selection of companies mentioned in this report includes:

  • 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