Global Waste To Energy Market Overview
Introduction:
Waste to Energy Market was valued at US$ 36.2 Billion in 2024 and is projected to grow at a CAGR of 9.70% to reach US$ 84.1 Billion by 2034.
Waste to energy is the process of obtaining energy from waste usually in the form of electricity and steam. The process is carried out in presence of oxygen by using two main techniques such as thermal and biological. Waste to energy is one of the most significant alternative energy options to decrease CO2 emissions and replace it by fossil fuels. Gasification, pyrolysis, and incineration are few more advanced thermal advanced techniques used to recover energy from waste. Waste to Energy is a profitable business for recovering energy from waste. The co-products obtained by this process such as charcoal, compost, and bio-oil have many applications. Municipal solid wastes, process wastes, medical, and agricultural wastes are various forms of waste used for energy generation. Waste includes various types of biomass and non-biomass materials such as paper and paperboard, food waste, plastic, glass, and metal. Waste to energy process is aids to reduce the municipal solid wastes (MSW) landfill by ending up which can turn in reduction of carbon dioxide (CO2) emissions the waste generated. The global waste to energy market accounted for US$ 33.28 billion in 2022 and is estimated to be US$ 52.7 billion by 2032 and is anticipated to register a CAGR of 4.4%.
Global Waste To Energy Market Dynamics
Rising demand of energy from wastes
The growth of the waste to energy market is driven by increasing demand for conversion of energy by solid and municipal waste by safe and environmentally friendly waste disposal methods. Increasing generation of waste from domestic and various industries has prompted governments across various regions to produce energy from waste. Favorable regulations attributed with government support in the form of tax benefits and a financial incentive is expected to drive the waste to energy market over the forecast period. Significant growth in power consumption coupled with increasing energy generation from renewable energy sources supports the growth of global waste to energy market in forecast period. Moreover, the rising amount of global waste generation, greenhouse gas emissions, scarcity in power generation and waste management regulations are some of the factors driving the waste to energy market.
However, increasing environmental concerns across the world regarding the use of non-renewable energy resources are expected to hinder the growth of the waste to energy market. Moreover, low fossil fuel prices, which is owing to an oversupply of crude oil and gas due to increased production from shale reserves in the U.S also restraining the growth of the market.
Global Waste To Energy Market Segmentation
The waste to energy market is segmented based on technology, and region. On the basis of technology, the global waste to energy market has been segmented into thermal and biological. Based on thermal, segment is subdivided into incineration, pyrolysis and gasification.
Regional Insights:
The waste to energy market accounted for US$ 36.2 Billion in 2024 and is estimated to be US$ 84.1 Billion by 2034 and is anticipated to register a CAGR of 9.70%. On region the global waste to energy market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to be the fastest growing market owing to Japan and China. By Further, Europe accounts major share in global waste-to-energy market. This is attributed to increasing government incentives, renewable energy targets, and rising investments in the biogas technology. The waste-to-energy market in Asia Pacific is expected to show significant growth rate over forecast period owing to energy consumption in several countries in Asia such as India, Indonesia, Thailand, Malaysia, and South Korea. In addition, increase in investments by various governing bodies, specifically in countries of Asia-Pacific, such as China and India are expected to drive the global waste to energy market. This is attributed with rapid urbanization and significant growth in consumer expenditure capabilities in Asia Pacific region. Moreover, increasing demand for recycling industry across developed markets such as Japan, Netherlands, Germany, and the U.S. is anticipated to witness growth of the global waste to energy market
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 – 2034 |
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Market Segmentation |
By Technology- Thermal (Incineration, Pyrolysis and Gasification) and Biological |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global waste to energy market report based on technology, and region.
Waste to Energy Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Waste To Energy Market Key Players
The key players operating in the global waste to energy market includes Novo Energy Ltd., Hitachi Zosen corporation, Foster Wheeler A.G., Sierra Energy, Xcel Energy Inc., China Everbright International limited, Covanta Energy Corp., Green Conversion Systems llc, Babcock and Wilcox Enterprises, and Keppel Seghers Engineering Singapore Pte Ltd.
Sierra Energy:
They have designed FastOx system uses heat, steam and oxygen to break down waste at the molecular level. Organic materials turn into an energy-dense syngas.
Global Waste To Energy Market Company Profile
- Novo Energy Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Mitsubishi Heavy Industries Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Hitachi Zosen corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Foster Wheeler A.G.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Sierra Energy
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Xcel Energy Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- China Everbright International limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Covanta Energy Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Green Conversion Systems LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Babcock and Wilcox Enterprises
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
Global Waste To Energy Market Table of Contents
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- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Technology
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Dynamics
- Market Segmentation, By Technology, Forecast Period up to 10 Years, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Thermal
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Biological
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Market, By Region, Forecast Period up to 10 Years, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Novo Energy Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Mitsubishi Heavy Industries Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Hitachi Zosen corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Foster Wheeler A.G.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Sierra Energy
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Xcel Energy Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- China Everbright International limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Covanta Energy Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Green Conversion Systems LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Babcock and Wilcox Enterprises
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Novo Energy Ltd.
- Analyst Views
- Section
- Research Methodology
- About Us
- Contact
FAQs
The Waste to Energy market is segmented into basis of technology, and region.
The growth of the waste to energy market is driven by growing demand for conversion of energy by solid and municipal waste from safe and environmental friendly waste disposal methods.
By region, Asia Pacific account significant share in global waste to energy market owing to energy consumption in several countries in Asia such as India, Indonesia, Thailand, Malaysia, and South Korea.
The Key players operating in the global Waste to Energy market include Novo Energy Ltd., Mitsubishi Heavy Industries Ltd, Hitachi Zosen Corporation, Foster Wheeler A.G., Sierra Energy, Xcel Energy Inc., China Everbright International limited, Covanta Energy Corp., Green Conversion Systems LLC, and Babcock and Wilcox Enterprises.