SBI Reports has been leading industrial market research reporting for more than a decade. The brand established SBI Energy to address the complex nature of the Energy and Resources industry. SBI Energy reports capture data vital to emerging energy market sectors on a global scale. Growth of energy technology, manufacturing, construction, transportation and investment is exciting in its innovations and opportunities, and integral to the advancement of security and science.
Humans generate tons – billions of tons – of waste each year. At over 2.1 billion tons of municipal waste annually, the world has a significant waste problem. Most of this waste is transported to landfills, where it sits, decays, and releases a suite of environmental pollutants. But there is a better way to control and reuse this waste –converting it into energy.
Locked inside the 2.1 billion tons of municipal waste that we generate each year is approximately 24.5 quadrillion Btu of energy – enough heat to meet about 10% of global annual electricity consumption. Not surprisingly, many nations including Europe, Canada, and parts of Asia, have been adding to or gearing up waste to energy operations for over a decade.
According to the most recent data available from the International Energy Agency, from 2000 to 2006, global waste to energy power production from municipal and industrial wastes increased from 283 terawatt hours to 383 terawatt hours, a 35% increase over that period.
SBI Energy recently evaluated waste to energy technologies, including incineration, gasification, plasma gasification, pyrolysis, and anaerobic digestion. SBI Energy’s in-depth analyses of the global market forecasts the market will increase from approximately $9 billion in 2011 to $27 by 2021, equivalent to a CAGR of 11%.
Historically speaking, 95% of the global waste to energy market was dominated by two technologies: incineration and anaerobic digestion. But with new advances, other technologies – specifically pyrolysis, plasma gasification, and gasification - will gain market share and together will comprise over 30% of the total waste to energy market by 2015.