China Waste To Energy Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
China waste to energy market is expected to grow at a CAGR of more than 4.75% during the forecast period 2020-2025. With the increasing rate of municipal waste generation, around the country are emphasizing reducing the waste by utilizing it to generate energy in the form of methane. Using the municipal waste to generate substantial energy in the form of heat and electricity can help to stabilize the increasing carbon footprint, that is getting generated by burning various fossil fuels such as coal and natural gas to produce energy. Organic waste, a form of municipal waste, is the largest form of waste that is mostly getting generated from the developing country, accounts for nearly 56% of the total waste generates annually in the country. Waste to Energy (WtE) implies a set of technologies that treat municipal waste to extract energy in the form of heat and electricity. Uses of the technologies also help to obtain biogas as an alternate form of fuel. The drivers of the market are the increasing dumping and open burning of wastes that directly or indirectly impact human health and the environment. However, WtE plants produce ash that needs to be disposed of safely, usually in landfills that are lined with barriers to prevent groundwater contamination.
Key HighlightsChina waste to energy market is moderately fragmented. Some of the key players are China Everbright International Limited, Zheneng Jinjiang Environment Holding Co Ltd, Babcock & Wilcox Enterprises Inc, Covanta Holding Corporation, Veolia Environnement SA.
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