At present, China's waste incineration power generation industry is in a high-quality development period. According to a report from Guoxin Securities in July 2019, the market competition in China's waste incineration industry will be more orderly, and the regional leading enterprises with strong comprehensive strength are in technology. And the project and funding will occupy a favorable position in the new round of market competition.

At present, the average domestic garbage produced in large and medium-sized cities in China amounts to 161 million tons per year. Many cities will face the situation of garbage siege. It is extremely urgent to build garbage disposal projects. In recent years, landfill waste is mainly used in China. If it is treated by landfill, it can be said that the area occupied by more than 50 West Lakes per year not only wastes a lot of land resources, but also pollutes groundwater resources.

With the accelerating urbanization in recent years, domestic urban garbage has been growing continuously. In 2017, the domestic urbanization rate was less than 60%. Compared with the urbanization rate of developed countries exceeding 80%, the room for improvement is relatively large.

With the provision of China's economic development and the improvement of the living standards of the residents, the amount of garbage generated by the urban population will further increase. For example, according to 2020, the domestic urbanization rate will reach 60%, and the per capita garbage production of urban population will be 1.2 kg/day. The amount of urban waste will reach 340 million tons per year. If the urbanization rate is 80% against foreign urbanization, and the amount of garbage generated by the urban population is 1.2 kilograms per day, the amount of domestic urban waste will reach 450 million tons per year.

According to the data of the third phase of the 2019-2024 China Biomass Power Generation Industry Development Status and Investment Prospects released by the Smart Core Industry Research Center of the First China Biomass Power Generation Industry Technology Innovation Summit in the past 2019, China's waste incineration power generation project Mainly concentrated in East China and South China. The relatively developed economy of East China has a large scale of development, accounting for 53.3% of the total installed capacity of waste-to-energy.

The "Report" shows that in recent years, with the implementation of a series of major national policies and guidelines, China's domestic waste incineration power generation industry has developed rapidly. As of 2017, the cumulative installed capacity of waste incineration power generation in China is about 7.3 million kilowatts, and the annual power generation is about 37.5 billion kilowatt hours. In 2018, the installed capacity of waste incineration projects will reach 8.67 million kilowatts. China's waste incineration power generation has entered a rapid development track. The installed capacity and power generation capacity of waste incineration power generation ranks first in the world.