USD 38.51 billion
Waste to Energy Market Size, Share, Growth Analysis, By Technology (Physical Technology, Thermal Technology (Incineration/Combustion, Pyrolysis and Thermal Gasification, Plasma-arc Gasification)), By Waste Type(Municipal Solid Waste (MSW), Industrial Waste, Agricultural Waste, and Others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG55E2031 |
Region:
Global |
Published Date: August, 2024
Pages:
182
|Tables:
63
|Figures:
75
Waste to Energy Market Insights
Waste to Energy Market size was valued at USD 41.4 Billion in 2023 and is poised to grow from USD 44.51 Billion in 2024 to USD 79.37 Billion by 2032, growing at a CAGR of 7.5% during the forecast period (2025-2032).
The global waste-to-energy market tackles two critical issues, waste management and energy needs. As populations and industries boom, so does the amount of waste we produce. Landfills are overflowing, necessitating smarter solutions. Waste-to-energy steps in, offering a sustainable approach. It reduces landfill waste by converting it into usable energy, like electricity or heat. However, this technology faces some hurdles. First, not all waste is created equal. The mix of materials in our trash can significantly impact how efficiently a plant converts it to energy. Careful sorting and segregation are crucial for optimal performance. Second, even though waste-to-energy offers a sustainable alternative, improper implementation can pose environmental and health risks. Strict regulations and monitoring are essential to ensure these plants operate within environmental standards.
On the bright side, waste-to-energy provides a renewable energy source, lessening our dependence on fossil fuels and greenhouse gas emissions. It's a win-win for waste management and a cleaner planet, but only with careful planning and responsible execution.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Thermal
Fastest Growth
Biological
Growth Rate
7.5% CAGR
Global Waste to Energy Market ($ Bn)
Country Share for Europe Region (%)
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Waste to Energy Market Segmental Analysis
The global waste-to-energy market is segmented into Technology, Waste type, and Region. Based on Technology, the market is bifurcated into Physical Technology, Thermal Technology (Incineration/Combustion, Pyrolysis and Thermal Gasification, Plasma-arc Gasification), and Biological Technology (Methane Capture/Landfill Gas, Biogas Plants/Anaerobic Digestion, Fermentation). In terms of waste type, the market is segmented into Municipal Solid Waste (MSW), Industrial Waste, Agricultural Waste, and Others. Region wise, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Waste to energy Market Analysis by Technology
The thermal segment reigns supreme in the waste-to-energy market, holding the largest chunk of revenue. This dominance is largely due to the popularity of incineration, a thermal technology that significantly boosted overall market earnings. Thermal conversion techniques are attractive for waste-to-energy projects because they're relatively straightforward and easy to operate. Furthermore, thermal treatment offers an environmentally friendly solution for modern cities. Here's how: it completely combusts the gases released from waste, minimizing greenhouse gas emissions, conserving energy, and significantly reducing waste volume. In short, incineration offers a one-two punch: cleaner environment and less waste.
While incineration currently dominates the waste-to-energy market, the biological segment is poised for a growth spurt. This surge is fueled by advancements in anaerobic digestion technology. Governments in developed nations are actively investing in research and development to make these facilities more economically attractive. Exciting areas of development include genetic engineering of organisms and improved reactor designs. These innovations will play a key role in optimizing the biological conversion of waste into usable fuels and co-products. In simpler terms, biological methods are becoming more efficient at turning waste into clean energy sources.
Waste to energy Market Analysis by Waste Type
The waste-to-energy market tackles our growing waste crisis and energy demands. As waste generation explodes, landfills struggle to keep pace. Here, waste-to-energy emerges as a sustainable hero. It diverts waste from landfills, transforming it into usable energy like electricity or heat. However, technology faces challenges. Incineration, the dominant technology, requires careful waste sorting for optimal performance. Additionally, proper regulations are crucial to minimize environmental impact. Despite these hurdles, the future is bright for biological conversion, a technique that's becoming more efficient at turning waste into clean fuel using advanced digestion methods. Finally, the king of waste-to-energy feedstock is municipal solid waste (MSW) - our everyday trash. Its constant availability and suitability for conversion make MSW a reliable and attractive option for a cleaner, more sustainable future.
The waste-to-energy industry offers a solution to our waste woes and growing energy needs. It tackles the overflowing landfills by diverting waste, including industrial discards, food scraps, and everyday trash, and transforming it into usable electricity or heat. Industrial waste, rich in energy due to materials like plastics and chemicals, is a prime target for this technology. Waste-to-energy benefits the environment in multiple ways: reducing reliance on landfills, recovering valuable energy from waste, and helping industries achieve sustainability goals by minimizing their dependence on fossil fuels. With its focus on efficient waste management and clean energy generation, the waste-to-energy market holds immense promise for the future.
Global Waste to Energy Market Size By Technology (%)
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Waste to Energy Market Regional Insights
Europe has emerged as the dominating region in the global waste to energy market. This dominance can be attributed to several factors, including stringent waste management regulations, limited landfill space, and a strong focus on renewable energy generation. Countries like Germany, Sweden, and the Netherlands have made significant investments in waste to energy infrastructure and have well-established frameworks for waste management. The European Union's waste management targets and directives have also played a crucial role in driving the adoption of waste to energy technologies in the region. The favorable regulatory environment, along with advanced waste sorting and treatment facilities, has positioned Europe as a leader in the waste to energy market.
Asia Pacific is expected to be the fastest-growing region in the global waste to energy market. Rapid industrialization, urbanization, and population growth in countries like China and India have led to an increase in waste generation. The rising concerns over environmental pollution and the need for sustainable waste management solutions have spurred the demand for waste to energy technologies in the region.
Global Waste to Energy Market Size By Geography
- Largest
- Fastest
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Waste to Energy Market Dynamics
Waste to energy Market Drivers
Increasing Waste Generation and Limited Landfill Space
- Rapid population growth, urbanization, and industrialization have led to a significant increase in waste generation worldwide. Limited landfill space and environmental concerns associated with traditional waste disposal methods have driven the demand for waste to energy solutions.
Stringent Waste Management Regulations
- Governments and environmental agencies across various regions have implemented stringent regulations and targets to reduce landfill waste and promote sustainable waste management practices. These regulations have encouraged the adoption of waste to energy technologies as a viable solution to manage waste and generate renewable energy.
Waste to energy Market Restraints
High Capital and Operational Costs
- Establishing waste to energy facilities requires substantial upfront investment and ongoing operational costs. The capital-intensive nature of waste to energy projects can pose a challenge for market growth, especially in developing regions where financial resources may be limited.
Public Perception and Opposition
- Waste to energy projects often face opposition from local communities due to concerns over air emissions, potential environmental impacts, and the perception that waste incineration is harmful. Public acceptance and support are essential for the successful implementation of waste to energy projects.
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Waste to Energy Market Competitive Landscape
The Global Waste to Energy Market is dynamic, with key players striving to differentiate themselves through innovative solutions, strategic partnerships, and expanding their geographic footprint. The competitive landscape of the waste to energy market is characterized by the presence of both global and regional players. These companies compete based on factors such as technology innovation, project capabilities, operational efficiency, and geographic reach. The market is witnessing collaborations and partnerships between waste management companies, technology providers, and energy firms to leverage each other's strengths and expand their market presence.
Top Player’s Company Profiles in Waste to energy Market
- Babcock Wilcox Volund A/S (Denmark)
- BTA International GMBH (France)
- Constructions Industrielles de la Mediterranee (CNIM) (France)
- Covanta Energy Corporation (US)
- ENER-G PLC (US)
- Flexenergy LLC (US)
- Remondis SE & Co. KG (Germany)
- Waste Management, Inc. (US)
- TOMRA Systems ASA (Norway)
- Hitachi Zosen Corporation (Japan)
- Hitachi Zosen Inova (Switzerland)
- Keppel Seghers (Singapore)
- E.ON SE (Germany)
- A2A S.p.A. (Italy)
- RWE AG (Germany)
- AEB Amsterdam (Netherlands)
- Fortum Corporation (Finland)
- Ebara Corporation (Japan)
- HZI (Hitachi Zosen Inova) (Switzerland)
- KBR, Inc. (US)
- Nippon Steel Engineering Co., Ltd. (Japan)
- Babcock & Wilcox Enterprises, Inc. (US)
Waste to energy Market Recent Developments
-
In March 2024, Vishnu Surya Projects and Infra Limited (VSIL), a major Indian construction and infrastructure company, pronounced that it was entering into waste management. They did this by partnerships with Hitachi Zosen India Private Limited and AG Enviro Infra Projects Private Limited through strategic agreements called Memorandums of Understanding (MoUs).
-
In March 2024, EverWind Fuels and Eastward Energy collaborated through a memorandum of understanding to boost the green hydrogen sector in Nova Scotia, expecting to promote clean energy adoption.
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In February 2024, Blue Planet Environmental Solutions acquired interest in Mahindra Waste to Energy Solutions Limited (MWTESL), a subsidiary of the Mahindra Group. This partnership is a significant step toward promoting efforts to sustainability and circular economy efforts.
Waste to Energy Key Market Trends
- Technological Advancements: The waste to energy industry is witnessing continuous technological advancements to improve the efficiency and environmental performance of waste to energy processes. Advanced technologies such as gasification, pyrolysis, and anaerobic digestion are being developed to enhance waste conversion efficiency and reduce emissions.
- Integration with Circular Economy Concepts: The concept of the circular economy, which focuses on minimizing waste generation and maximizing resource recovery, is gaining traction in the waste to energy sector. Integration of waste to energy processes with recycling and material recovery initiatives is becoming a key trend, enabling the extraction of valuable resources from waste streams.
Waste to Energy Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global waste to energy market analysis, waste to energy (WTE) technology is a type of renewable energy technology that involves the conversion of waste materials into usable forms of energy such as electricity, heat, and fuel. The technology provides an alternative to landfill disposal and helps to address environmental concerns related to waste management. The market for waste to energy is driven by a number of factors such as increasing urbanization, rising energy demands, and growing environmental concerns. The waste to energy market is the high capital costs associated with the construction and operation of WTE facilities. Additionally, there are concerns around the environmental impact of WTE technologies, particularly with regards to emissions of pollutants such as dioxins and heavy metals. Governments across the globe are investing in WTE technologies as a means of reducing greenhouse gas emissions and meeting renewable energy targets. The increasing amount of waste generated globally and the limited availability of landfill space have led to a growing demand for WTE technologies. The waste to energy market is poised for significant growth in the coming years, driven by increasing demand for renewable energy sources and growing concerns around waste management and environmental sustainability.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 41.4 Billion |
| Market size value in 2032 | USD 79.37 Billion |
| Growth Rate | 7.5% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Waste to Energy Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Waste to Energy Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Waste to Energy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Waste to Energy Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Waste to Energy Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Waste to Energy Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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