In 2011, the world generated an estimated 2 billion tons of municipal solid waste (MSW). Although more than 800 thermal Waste-to-Energy plants currently operate around the globe, these facilities treated just 11% of the generated MSW.
According to a new report from Pike Research, that number is expected to grow rapidly over the next decade. Waste-to-energy systems will treat at least 261 million tons of waste annually by 2022, with a total estimated output of 283 terawatt hours (TWh) of electricity and heat generation, up from 221 TWh in 2010. Under a more optimistic scenario, WTE will potentially treat 396 million tons of MSW a year, producing 429 TWh of power.
The global market for thermal and biological WTE technologies will reach at least $6.2 billion in 2012 and grow to $29.2 billion by 2022, the cleantech market intelligence firm forecasts. Under the optimistic forecast scenario, market value could reach $80.6 billion by 2022.
“With many countries facing dramatic population growth, rapid urbanization, rising levels of affluence, and resource scarcity, waste-to-energy is reestablishing itself as an attractive technology option to promote low carbon growth in the crowded renewable energy landscape,” says senior analyst Mackinnon Lawrence.
