Research organization says more than 260 million tons of waste will be converted to energy worldwide by 2022.
A recent report from Pike Research indicates there will be a significant increase in the number of systems built to convert waste into energy.
The report, Waste-to-Energy Technology Markets, analyzes the global market opportunity for WTE (waste to energy) across three key technology segments: combustion, gasification, and anaerobic digestion. The report provides a comprehensive assessment of the demand drivers, business models, policy factors, and technology issues associated with the rapidly-growing market for WTE. Key industry players are profiled in depth and worldwide revenue and capacity forecasts, segmented by application and region, extend through 2022.
The report says that at the present time there are more than 800 thermal waste-to-energy plants operating in nearly 40 countries around the world; that number is expected to increase significantly over the next decade. By 2022, Pike Research forecasts that at least 261 million tons of municipal solid waste will be converted to base load power and heat. Pushing the growth even further, Pike’s research report says under a more optimistic scenario, that figure could reach 396 million tons per year.
“Ten years from now the world’s rapidly increasing urban population will generate nearly 3 billion tons of MSW (municipal solid waste) per year, representing an estimated 240 gigawatts of untapped energy potential,” says Mackinnon Lawrence, Pike’s senior research analyst. “The escalation in waste generation presents policy makers with a difficult choice: either expand existing landfill capacity or invest in new waste-to-energy capacity, which can reduce the overall volume of waste that must be dumped.”
The report notes that waste management policies and the growth potential for the WTE sector vary dramatically by world region. In China a rapid expansion of WTE capacity is currently underway. By 2022, Pike Research’s analysis shows, the Asia Pacific region will account for 54 percent of the electricity generated from waste-to-energy systems worldwide.
Additional information on the report can be found at www.navigant.com/pikeresearch.