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China waste to energy market share to double by 2018

Waste to energy plant installations in China growing at fast pace and expected to continue for next five years, says research

Waste landfill
Increasing volume of municipal solid waste in China driving waste to energy plants market

China is all set to speed up the growth rate of global waste-to-energy plants market and expected to increase its market share up to double by the end of 2018, according to research. This is because the numbers of waste to energy plant installations in China are growing at a fast pace and is expected to continue its growth momentum in the next five years, said the global management consulting firm, TechSci Research.

According to the recently published TechSci Research report China Waste-to-Energy Plants Market Forecast & Opportunities, 2018 the market for waste to energy is expected to grow at the CAGR of around 18 per cent during 2013 to 18, wherein the thermal waste to energy plants will continue to be the dominant segment.

The report adds that on the other hand, biological waste to energy plant's volume will also be significant as it does not lead to environmental hazardous emissions. Whereas, thermal waste to energy plants are more popular as they have low cost of plant installation and superior rate of processing waste when compared with biological waste to energy plants. Amongst thermal waste to energy plants, incinerators process types of plants have the largest market because of its extensive usage on account of its high waste processing capability.

Highest volume for waste to energy 

According to the report, China has a clear focus on increasing the capacity of renewable energy, especially energy from waste. The waste used in waste to energy plants, also known as municipal solid waste, has been increasing in China, which is creating barrier in infrastructural development of the country. On the other hand, it is the most important resource for the generation of energy, which is abundantly available in the country. As a result, China has become a country producing the highest volume of waste.

The Chinese government is now looking installation more than 100 waste to energy plants in as part of its twelfth five-year plan, ending by 2015.

Mr Karan Chechi, research director with TechSci Research, said: "As China is the biggest manufacturing hub where leading giants have established their production units in the country, it leads to enormous demand for energy in running the smooth operations. As a result, energy consumption requirement in the country is abundant, which is leading to the rising waste to energy plant installations in the country. Additionally, Chinese government's supportive investment schemes such as Build-Operate-Transfer (BOT) and Build–Operate-Own (BOO) are all set to flourish the WTE plant installations volume in the next five years,"

Waste to energy is becoming a big area of development for BRIC bioenergy sectors, such as India. Earlier this year, an Indian waste management company announced plans to raise USD 200m to finance a waste to energy power plant fuelled by urban refuse.