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Development Trends and Scale of China's Waste to Energy Industry
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Experts in general solid waste treatment understand the development trend and scale of China's waste to energy industry in the next 5 years
Development Trends of China's Waste to Energy Industry
(1) Large scale
The "2017-2021 Investment Analysis and Prospect Forecast Report on China's Waste to Energy Industry" released by China Investment Consulting pointed out that waste incineration power generation technology is very complex and the investment cost is also very high. In addition, the combustible components in China's waste are not high. Only by forming economies of scale can we ensure that waste to energy plants have certain profits and meet daily operations. Only when the daily processing of garbage reaches a scale of over 8000 tons can the normal operation of the power plant be met.
(2) Localization
In the 20th century, the main equipment for waste to energy generation in China relied heavily on imports, with only the related supporting facilities being domestically produced. The "2017-2021 Investment Analysis and Prospect Forecast Report on China's Waste to Energy Industry" released by China Investment Consulting pointed out that after the 21st century, many research institutes and equipment manufacturers in China have basically mastered the key technologies and equipment manufacturing processes of waste to energy generation through continuous innovation and reference to advanced foreign technologies and experiences. Only a very small amount of equipment still needs to be imported. With the advancement of localization in this industry, the investment of relevant engineering units will also decrease year by year, which will undoubtedly greatly promote the development of China's waste to energy industry.
(3) Diversification of investment
Garbage disposal is a complete industrial chain, not just a municipal facility. The "2017-2021 Investment Analysis and Prospect Forecast Report on China's Waste to Energy Industry" released by China Investment Consulting pointed out that with government policy support and relevant mechanisms, all social entities can participate, and business models and investment forms can be diversified. In recent years, China's waste to energy industry has developed rapidly, mainly due to the continuous strengthening of people's environmental awareness. The government has adopted various strategies such as direct investment, policy encouragement, and expanding financing channels to encourage and guide its development in waste management. Diversified investment methods are more conducive to the healthy development of the waste to energy industry.
(4) Specialization