The China WTE plants market is forecasted to grow at the CAGR of over 18% during 2013-18. The market is controlled by major companies such as China Everbright International, China Renewable Energy Investment Limited (CRE) and China Energy Conservation and Environment Protection Group (CECEC).
The WTE plant capacity of converting municipal solid waste into energy is increasing at a fast pace, which can be observed by analysing the capacity growth that has developed by almost ten times during the previous decade. The major turnarounds were observed in the years 2005 and 2009. The dominance of thermal WTE plants in China is expected to be continued, but the growth in market share of biological WTE plants will also be significant.
China is one of the fastest growing economies in the world due to growing industries and trade which has in-turn resulted in large amount of waste material. It is extremely imperative for China to dispose off this waste in the most efficient manner in order to preserve its environment. This huge chuck of waste along with Chinese governments concerns to preserve its environment makes China one of the most important markets for waste to energy (WTE) plants.
The demand for renewable energy in China is increasing and the government of China is all set to give greater value to its renewable energy segment in their energy plan. China's twelfth five-year plan has the agenda of installing more than 100 WTE plants during 2011-15. It is forecasted that China's share in global Waste-to-Energy plants market will grow almost double by the end of 2018. The government of China is taking initiatives and supporting investment schemes in Waste-to-Energy plants under Build-Operate-Transfer (BOT) and Build–Operate-Own (BOO) models.
For more information on the China WTE plant market, see the latest research: China WTE plant Market Research
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