Austria Waste to Energy Market Size
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 3.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Austria Waste to Energy Market Analysis
Austria's waste to energy market is expected to grow at a CAGR of more than 3% during the forecast period.
COVID-19 negatively impacted the market in 2020. Currently. The market has reached pre-pandemic levels.
- Over the long term, an increasing amount of waste generation, growing concern for its management to meet the need for sustainable urban living, and increasing focus on non-fossil fuel sources of energy are driving the adoption of the waste-to-energy market.
- On the other hand, environmental concerns about the emissions from WtE plants are expected to restrain investments in the waste-to-energy market in the country during the forecast period.
- Nevertheless, emerging waste-to-energy technologies, such as Dendro Liquid Energy (DLE), which is four times more efficient in terms of electricity generation, with additional benefits of no emission discharge and effluence problems at plant sites, are expected to create significant opportunities for the market players, over the coming years.
Austria Waste to Energy Market Trends
This section covers the major market trends shaping the Austria Waste to Energy Market according to our research experts:
Growing Demand for Thermal-Based Waste-to-Energy Conversion
- As of 2021, thermal technology is expected to account for the highest market share in the waste-to-energy market. This trend of dominance by the thermal division is likely to continue in the coming years, owing to the increasing developments in incineration and gasification technologies.
- It is estimated that plants that utilize thermal power cogeneration (heating and cooling) and electricity generation can reach optimum efficiencies of 80%.
- In the present scenario, incineration is the most well-known waste-to-energy technology for Municipal Solid Waste (MSW) processing. As of 2021, according to International Renewable Energy Agency, renewable municipal waste-to-energy capacity stood at 270 MW.
- However, waste-to-energy technologies, particularly incineration, produce pollution and carry potential health safety risks. To reduce particulate and gas-phase emissions, incineration plant owners have adopted emerging technologies such as Dendro Liquid Energy (DLE), four times more efficient in electricity generation, with additional benefits of no-emission discharge. This has, in turn, led to a significant improvement in terms of environmental sustainability.
Environmental and Sustainability concerns limiting investments
- WtE plants, especially incineration-based plants in Europe, have been controversial due to their greenhouse gas emissions. The impact of such plants in decreasing the amount of waste available for recycling undermines the European Union's (EU) efforts to transition into a circular economy. The EU has set ambitious environmental targets to achieve carbon neutrality by 2050 and has total residual waste by 2030. Due to this, many European financial institutions choose to support greener energy alternatives with lower carbon footprints.
- They are higher in the waste hierarchy, excluding Waste-To-Energy incineration from their sustainability agenda. As WtE plants are not economically viable below a specific threshold capacity, a significant capital outlay is required for such projects. Therefore, more financing is needed to restrain the European WtE market during the forecast period considerably.
- Due to this, these funds support efforts to reduce waste generation by supporting investments in creating and expanding sustainable waste management activities such as waste recycling, segregation, and reuse. Moreover, these new regulations mandate that these funds cannot provide any financial support for treating residual waste, such as WtE incinerators, except for the outermost regions and technologies for material recovery.
- The Just Transition Fund, a USD 42 billion fund, is a part of the EU's Just Transition Mechanism, which creates a blueprint for achieving the EU's carbon neutrality target by 2050. As this fund invests only in sustainable projects in the long run and follows the objectives of the European Green Deal, its regulations clearly state that WtE incineration plants are excluded from any financial support.
- Finally, the European Investment Bank Group (EIB), which created the Climate Bank Roadmap, a sustainable development finance plan while supporting the EU Green Deal, has aligned itself with the EU Taxonomy regulation. The EIB stated that any project that receives financial assistance from the institution must comply with the EU Taxonomy Regulation's DNSH principle. Due to this, waste incineration is ineligible for receiving any financial support from the EIB.
- In August 2022, UNICredit Bank Austria and the European Investment Bank (EIB) planned to support investments in Austria's renewable energy and energy efficiency projects. To fund clean energy projects, the EIB will provide the Austrian bank with a framework loan worth up to USD 97.66 million, which will be incorporated into a credit portfolio worth up to USD 212.32 million. Renewable energy and energy efficiency projects are in high demand: the Austrian government intends to generate all its electricity by 2030 from wind, solar, and hydropower. A 100000 solar roof program will be part of the government's program, as well as decentralized photovoltaic systems. Hydropower, pumped storage, and wind farms are also part of the government's plan.
- Austria's total installed renewable energy capacity of nearly 22 GW in 2021, of which 4.7 GW comes from wind energy and 2.6 GW from solar energy. As renewable costs for technologies such as wind and solar have fallen, these technologies have grown rapidly and are expected to attract more investments in the current situation. This is expected to reduce investments in the WtE sector, restraining the market during the forecast period.
Austria Waste to Energy Industry Overview
Austria's waste to energy market is moderately fragmented. Some of the key players (in no particular order) include Ze-gen Inc, BMH Technology Oy, Compco Fire System Limited, Integrated Global Services, and Wheelabrator Technologies Inc., among others
Austria Waste to Energy Market Leaders
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Ze-gen Inc
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BMH Technology Oy
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Compco Fire System Limted
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Integrated Global Services
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Wheelabrator Technologies Inc
*Disclaimer: Major Players sorted in no particular order
Austria Waste to Energy Market News
- In July 2022, Rondo Ganahl AG announced plans to build a new residual waste-to-energy plant at the site of its paper mill in Frastanz in the Austrian state of Vorarlberg. The power plant is expected to cost around USD 74 million and will have a design capacity of up to 35,000 tonnes of residual materials per year.
- In March 2022, Wien Energie GmbH, the Austrian energy company, and its partners opened a 1-MW demonstration facility in Vienna to produce green fuel from waste. The demonstration facility is located at the Simmeringer Haide incineration facility. In order to generate renewable diesel or green kerosene, wood waste, sewage sludge, or paper residues are used to produce synthesis gas.
Austria Waste to Energy Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD million, till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5. MARKET SEGMENTATION
5.1 Technology
5.1.1 Physical Technology
5.1.2 Thermal Technology
5.1.3 Biological Technology
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Ze-gen Inc.
6.3.2 BMH Technology Oy
6.3.3 Compco Fire System Limted
6.3.4 Integrated Global Services
6.3.5 Wheelabrator Technologies Inc.
6.3.6 Austrian Energy & Environment AG
6.3.7 BlueFire Renewables Inc.
6.3.8 Suez SA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Austria Waste to Energy Industry Segmentation
Waste-to-energy is the process of generating energy in the form of electricity and/or heat through the primary treatment of waste or processing of the same into a fuel source.
The waste-to-energy market is segmented by technology. By technology, the market is segmented into physical technology, thermal technology, and biological technology. For each segment, the market sizing and forecasts have been done based on revenue (USD million).
| Technology | |
| Physical Technology | |
| Thermal Technology | |
| Biological Technology |
Austria Waste to Energy Market Research FAQs
What is the current Austria Waste to Energy Market size?
The Austria Waste to Energy Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Austria Waste to Energy Market?
Ze-gen Inc, BMH Technology Oy, Compco Fire System Limted, Integrated Global Services and Wheelabrator Technologies Inc are the major companies operating in the Austria Waste to Energy Market.
What years does this Austria Waste to Energy Market cover?
The report covers the Austria Waste to Energy Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Austria Waste to Energy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Austria Waste to Energy Industry Report
Statistics for the 2024 Austria Waste to Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Austria Waste to Energy analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
