Europe Waste to Energy Market Size, Share, Industry Report and Forecast 2018-2023


Posted September 24, 2020 by bisrsrch

Focus on Technology (Thermo Chemical, Bio Chemical), Application (Heat, Electricity, Combined Heat and Power, Fuel), and Waste Type (Municipal Waste, Medical Waste, Agricultural Waste)

 
Waste to energy is the process of generating energy in the form of electricity/heat by treating waste with the help of technologies such as thermos-chemical and bio chemical. Since the year 2008, the depleting fossil fuels, and the hazards of improper waste management, have led to the expansion of waste to energy facilities substantially.

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Waste to energy technology is one of the most effective alternative energy options to reduce carbon emissions and to save limited fossil fuel resources used by traditional power plants. In 2015, waste to energy plants in Europe supplied energy to around 18 million population and heat to 15.2 million populations by treating 90 million tons of household waste. Waste to energy does not compete with recycling. Majority of the countries in the European region such as Austria, Belgium, Germany and the Netherlands have a high recycling rate of waste and also a high rate of waste to energy conversion.

Europe has significantly been the leading the market in the waste to energy technologies. The region has witnessed a strong growth in terms of waste to energy capacities since 2008 The economy of the region and the European Union’s legislation are the major factors driving the growth of the market.

In terms of regional presence, Germany dominated the waste to energy market in the year 2018. Germany is one of the leading countries to use waste to energy technologies in energy generation process, to record significant levels of e-waste recovery and to explore new business opportunities. However, the U.K. is expected to witness the highest growth during the forecast period.

From the year 2010, the countries in the region have significantly shifted their focus of municipal waste disposal methods to prevention and recycling. The leading countries such as Germany, the U.K., France and recent market entrants in the waste to energy market such as Poland are expected to see major technological advancements irrespective of the regulatory and the cultural challenges.

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Waste to energy is one of the growing green energy technology segments in the region. The presence of several high potential sites in the region, supporting initiatives by the government, regulations, and increasing foreign investment are some of the factors driving the growth of the market in the region.

Waste to energy is the process of generating energy from waste with the help of several technologies namely, thermochemical conversion, bio chemical conversion, and chemical conversion. The energy generated from the waste is used in different applications such as heat, electricity and transport fuel, among others. Increasing apprehensions related to the proper waste management, and the increasing demand for renewable energy sources for power generation is driving the growth of the technologies in the Europe waste to energy industry. However, the high cost of using these technologies in the waste to energy process coupled with the complex integrated system is limiting the growth of waste to energy process in the region. To overcome this concern, the governments of different countries are focusing on creating awareness regarding the adoption of these technologies used in the conversion process of waste at a larger scale.

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Categories Energy , News , Research
Tags Europe Waste to Energy Market , Europe Waste to Energy , energy
Last Updated September 24, 2020