Frost & Sullivan: Growing Demand of Biological Waste to Energy Plants
By Frost Sullivan, PRNEMonday, May 24, 2010
LONDON, May 25, 2010 - The commercialization of innovative and modern biological waste to energy
systems and technologies is promoting a new wave of growth in the green
energy sector globally. The biological waste to energy plant represents an
excellent option to treat biological waste and produce energy. Indeed, many
governments acknowledge that these plants are an ideal solution to help fight
climate change and guarantee energy independence. Driven by government
regulation and support, demand for biological waste to energy plants in the
world is growing and the market is becoming more competitive.
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According to new analysis from Frost & Sullivan the market for biological
waste to energy plant in Europe - which is the largest in the world - is
expected to reach US$3.6 billion in 2016 under an optimistic scenario. The
German market was worth US$998.3 million in 2009 and represented 76.8% of the
European market. The market in Germany has grown exponentially over the last
10 years driven by government policies and a supportive banking sector. The
same policies are being introduced in other European countries, such as
Italy, and we can expect strong growth in these markets over the next 5-10
years.
In other areas of the world the biological waste to energy market is an
embryonic stage. Frost & Sullivan Senior Analyst Nuno Oscar Branco says: "In
the Asian, North, and South American regions the market remains
underdeveloped, for three main reasons: first, governments in these regions
have yet to introduce biogas or green energy policies; second, quantity,
availability, quality and management of feedstock are not appropriate for
investments or long term growth of this market; and finally the biogas
industry, mostly European and German based, is not committing resources to
develop these markets".
However, the situation is changing in some countries or municipalities
where there have been improvements in the business environment for biological
waste to energy. In the USA for example, the federal government launched
programme AgSTAR that "encourages the use of methane recovery (biogas)
technologies (…) reduce methane emissions while achieving other
environmental benefits" and in India, the Punjab government, is promoting the
construction of modern biological waste to energy plants to supply
electricity to the state. "These two examples are evidence to the type of
projects likely to take place across the world over the next decades", says
Nuno Oscar.
The market potential for biogas generated by anaerobic digestion in a
biological waste to energy plant is very high and market growth in some
countries of Europe, such as Italy or Czech Republic; North and South
America, such as Brazil, USA, Canada; and the Asia Pacific region, such as
India and Australia, can be exponential. Companies operating or investing in
this industry should weight the risk of missing the expected growth in demand
in these countries and draw plans for international expansion and
investments.
On this subject Frost & Sullivan has just published a comprehensive study
that looks at the global market analyzing the different areas of the world
with trends, challenges and forecast. If you are interested in more
information and would like to receive a complimentary brochure, please send
an e-mail to Chiara Carella, Corporate Communications, at
chiara.carella@frost.com, with your full name, company name, title, telephone
number, company e-mail address, company website, city, state and country.
About Frost & Sullivan
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Contact: Chiara Carella Corporate Communications - Europe P: +44-0-207-3438314 M: +44-0-7533017689 E: chiara.carella@frost.com www.frost.com
Chiara Carella, Corporate Communications - Europe, of Frost & Sullivan, +44-(0)-207-3438314, Mobile, +44-(0)-7533017689, chiara.carella at frost.com
Tags: Frost & Sullivan, London, May 25, United Kingdom