The Waste To Energy Market size was valued at USD 35.23 Billion in 2023 and the total Waste To Energy Market revenue is expected to grow at a CAGR of 8.68% from 2024 to 2030, reaching nearly USD 63.11 Billion.
Waste To Energy Market Overview:
The Waste-to-Energy (WtE) Market technology offers a sustainable method for converting solid waste into valuable energy sources like electricity and heat. By incinerating waste, WtE facilities produce heat that drives turbines to generate electricity. This process not only reduces the volume of waste but also mitigates greenhouse gas emissions and decreases reliance on fossil fuels. WtE contributes significantly to waste management by diverting waste from landfills and converting it into energy, thus supporting a circular economy. The Waste To Energy Market, valued at USD 35.23 billion in 2023, is projected to grow at a CAGR of 8.68% from 2024 to 2030, reaching approximately USD 63.11 billion.
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Report Scope
This report provides a detailed analysis of the Waste To Energy Market, including current trends, key drivers, and future growth prospects. It encompasses an in-depth examination of market dynamics, segmentation, regional insights, and the impact of COVID-19. The report is designed to offer stakeholders comprehensive insights into the market’s structure and competitive landscape, highlighting opportunities and challenges within the sector.
Drivers
Several factors are propelling the growth of the Waste To Energy Market. Firstly, increasing global energy demands are driving the adoption of alternative energy sources, including WtE technologies. Governments worldwide are implementing policies and regulations that promote proper waste disposal and energy generation from waste. The rising global population and subsequent increase in waste generation further fuel market growth. According to the United Nations, the global population is expected to exceed 9 billion by 2050, leading to a corresponding rise in waste production. Additionally, the depletion of conventional energy resources and decreasing landfill space are encouraging the shift towards waste-to-energy solutions. The introduction of stringent environmental regulations aimed at reducing carbon emissions from fossil fuels is also contributing to market expansion.
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Key Players: The key players are
North America Waste To Energy Market Top Players:
1. Waste Management Inc. – United States
2. Babcock & Wilcox Enterprises Inc. – United States
3. Enerkem – Canada
4. Covanta Holding Corporation – United States
5. Green Conversion Systems – United States
6. Wheelabrator Technologies Inc – United States
7. Xcel Energy Inc. – United States
8. Babcock & Wilcox Enterprises, Inc. – United States
Europe Waste To Energy Market Top Players:
1. Suez Environment S.A. – France
2. Construction Industrielles de la Mediterranean (CNIM) – France
3. Veolia Environment SA – France
4. Martin GmbH – Germany
5. Hitachi Zosen Inova – Switzerland
6. Advanced Plasma Power – United Kingdom
7. Bioelektra Group – Poland
8. Ramboll Group A/S – Denmark
9. Keppel Seghers – Belgium
10. Viridor – United Kingdom
11. EEW Energy from Waste – Germany
APAC Waste To Energy Market Top Players:
1. Mitsubishi Heavy Industries Ltd – Japan
2. C&G Environmental Protection Holdings – China
3. Hitachi Zosen Corp – Japan
4. China Everbright International Limited – China
5. China Jinjiang Environment Holding Company Limited – China
6. Abu Dhabi National Energy Company PJSC – United Arab Emirates
Segmentation:
By Technology: The market is divided into Physical, Thermal, and Biological technologies. The Thermal Technology segment held the largest share, accounting for approximately 80% in 2023. This segment’s growth is attributed to the simplicity and effectiveness of thermal processes in converting waste into energy. Thermal technologies, such as incineration, are known for their efficiency in reducing waste volume and generating renewable energy. The Biological Technology segment is anticipated to grow rapidly at a CAGR of 9.31%, driven by advancements in decomposition technology and increased R&D investments in anaerobic digestion processes.
By Waste Type: The market is categorized into Municipal Waste, Process Waste, Agricultural Waste, Medical Waste, and Others. Municipal Waste holds the largest share, representing 52% of the market in 2023. This category includes energy-dense materials like paper, plastics, and wood products. The efficient conversion of municipal waste into energy through WtE facilities contributes significantly to waste volume reduction and energy generation.
By Technology
Physical
Thermal
Biological
by Type
Municipal Waste
Process Waste
Agriculture Waste
Medical Waste
Others
by Application
Electricity
Heat
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Regional Analysis
- Europe: Europe holds the largest market share, accounting for 43.8% in 2023. The region’s growth is driven by the presence of major market players and supportive regulatory policies, such as landfill charges and carbon taxes. European countries have established numerous WtE facilities, with Italy’s Brescia facility serving as a notable example of successful cogeneration.
- North America: The market in North America is expected to grow at a CAGR of 9.12%. Increased consumer awareness about environmental protection and climate change is driving the adoption of WtE technologies. The United States, with 68 WtE plants, is a major contributor to the global WtE capacity.
- Asia Pacific: The region is expected to witness the highest growth at a CAGR of 8.71%. Government investments in municipal waste management and growing awareness of WtE technologies in countries like India, Singapore, and Thailand are fueling market expansion.
COVID-19 Impact Analysis
The COVID-19 pandemic had a mixed impact on the Waste To Energy Market. On one hand, the pandemic led to disruptions in supply chains and delays in the construction and operation of WtE facilities. On the other hand, the increased emphasis on public health and sanitation accelerated the adoption of waste management technologies, including WtE. The pandemic highlighted the importance of efficient waste management and energy recovery, which may drive future investments in WtE technologies as countries seek to build more resilient and sustainable infrastructure.
Key Questions Answered:
- What will be the CAGR of the Waste To Energy market during the forecast period?
- Which segment emerged as the leading segment in the Waste To Energy market?
- Who are the prominent players in the Waste To Energy market?
- What will be the Waste To Energy market size by 2027?
- Which company held the largest share in the Waste To Energy market?
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