The size of the global waste-to-energy technologies market was worth USD 38.40 billion in 2023. The global market is anticipated to grow at a CAGR of 4.6% from 2024 to 2032 and be worth USD 57.56 billion by 2032 from USD 40.17 billion in 2024.
Waste to energy (WtE) or energy from waste (EfW) is an energy recovery process and technology for generating energy in the form of heat or electricity from waste that has undergone basic treatment. The majority of WtE processes either directly produce heat or electricity through thermal combustion or generate a combustible fuel commodity, such as methanol, methane, synthetic fuels, or ethanol.
Because of various variables, such as the recovery of metals for recycling, the offset of carbon dioxide from fossil fuel power generation, and the avoidance of methane from landfills, waste to energy plants reduces a considerable amount of harmful emissions. Furthermore, limited landfill space and growing landfilling costs are predicted to boost waste-to-energy technology's growth as a reliable waste management solution. Over the forecast period, technological improvements in energy recovery are expected to boost market growth by improving the output efficiency of waste-to-energy plants. Suez, for example, developed the CHP+® method to enable residual heat recovery from waste combustion while also generating captive energy for use in local activities.
Continuing to provide basic waste management services such as rubbish collection and management has become a serious concern for cities experiencing the most COVID-19 impact. Currently, the globe is resuming operations that were paused during the epidemic, and it is predicted that the government will work with the private sector to develop sustainable waste-to-energy solutions through public-private partnerships.
The growth of the worldwide waste-to-energy industry is being fueled by an increase in demand for incineration and an increase in public WtE spending.
Over the last few years, the number of landfills in the United States has decreased, and it is predicted to overtake China as the world's greatest trash generator. A decrease in landfill capacity, on the other hand, may increase by tipping fees. The shifting trend of investing this cash in monitoring industrial pollution and water quality control is another element contributing to the increase in landfill dumping fees.
More countries are turning to cleaner and more efficient sources of power generation and industrial activities as environmental worries about increased carbon emissions from the use of conventional fuels in industries, transportation, and power generation grow. Renewable energy production, waste-to-energy conversion, and energy storage have all emerged as viable alternatives to fossil fuels. As a result, countries have begun to see this as a feasible option for meeting their carbon reduction targets and transitioning to cleaner energy technology. Countries all across the world are developing rules and legislation to encourage the adoption of these technologies.
Existing and newly constructed facilities, however, are unable to use these technologies due to their high costs, increasing the economic burden on end users with constrained budgets. Trash to energy systems is typically intended to handle a single or a few types of waste, such as plastic or biomass. Separating different forms of waste and determining the species composition of a waste source can be difficult for businesses. The efficient processing of garbage before incineration is one of the current concerns. The majority of waste-to-energy technologies are characterized by low efficiency or lengthy waste-sorting schedules. The collection and processing of accumulated garbage is a time-consuming procedure that will continue to be a barrier to industry expansion in the coming years.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
4.6% |
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Segments Covered |
By Technology, Waste Type, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Hitachi Zosen Inova AG, Suez, Covanta Holding Corporation, China Everbright International Limited, Veolia, Abu Dhabi National Energy Company PJSC, Ramboll Group A/S, Babcock & Wilcox Enterprises, Inc., Wheelabrator Technologies Inc, Xcel Energy Inc., and Others. |
In 2023, the thermal category had the highest revenue share of 84.4%. with incineration thermal technology contributing significantly to revenue growth. The growth factor for thermal conversion techniques is a reasonably simple procedure combined with ease of operation. Thermal waste treatment is an environmentally friendly choice for modern cities since it allows for the complete burning of waste gases.
The incineration thermal technique has various advantages, including reduced greenhouse gas emissions, energy conservation, and waste volume reduction. Incineration reduces waste to 10% of its original volume, making it a viable alternative to conventional energy by generating renewable energy for uses such as district heating. Furthermore, the recycling of bottom ash and metal adds to the technology's economic advantages.
Over the forecast period, the biological category is expected to develop at the fastest rate in the waste-to-energy technologies market. The progressive advancement of anaerobic decomposition technologies is responsible for this rise. Governments in a number of developed countries are conducting research and development to improve the economic viability of anaerobic digestion plants. The development of biological conversion of gases to fuels and co-products depends on a number of essential aspects, including advances in reactor design and genetic engineering of organisms.
Environmental concerns and the increased need for cleaner vehicle fuels such as biogas in the transportation industry are driving the biological segment's future growth. Furthermore, anaerobic decomposition is expected to overtake biochemical composting processes in terms of market share for biodegradable trash generated from municipal solid waste.
The waste-to-energy technologies market can be divided into municipal solid waste, process waste, agricultural waste, and others based on the waste used for energy generation. Municipal solid waste generates the greatest waste; hence it accounts for the majority of the energy produced.
In 2023, the European market had the highest revenue share of 45%. Over the projection period, favorable regulatory policies such as landfill charges, carbon taxes, and direct subsidies to waste-to-energy plants are likely to propel the regional market even further.
Because of rising consumer awareness about environmental preservation and climate change, North America held a significant market share in 2023. Furthermore, as the government places a greater emphasis on integration and increased use of sustainable electricity production sources, waste-to-energy plants are expected to be deployed at a faster rate across the region.
The waste-to-energy technologies market in the Asia Pacific is expected to grow at the quickest rate throughout the forecast period, with China and Japan presenting the most growth potential. Increased government support for municipal solid waste management, as well as increased knowledge about waste-to-energy facilities in countries like India, Singapore, Indonesia, and Thailand, are expected to fuel regional market expansion.
Companies playing a prominent role in the global waste-to-energy technologies market include Hitachi Zosen Inova AG, Suez, Covanta Holding Corporation, China Everbright International Limited, Veolia, Abu Dhabi National Energy Company PJSC, Ramboll Group A/S, Babcock & Wilcox Enterprises, Inc., Wheelabrator Technologies Inc, Xcel Energy Inc., and Others.
By Technology
By Waste Type
By Region
Frequently Asked Questions
The Global Waste-to-Energy Technologies Market was worth US$ 38.40 billion in 2023 and is anticipated to reach a valuation of US$ 50.29 billion by 2029.
The European market will have the largest market share of the global Waste-to-Energy Technologies market.
Hitachi Zosen Inova AG, Suez and Covanta Holding Corporation are the three Waste-to-Energy Technologies key players.
The growth of the worldwide waste-to-energy industry is being fueled by an increase in demand for incineration and an increase in public WtE spending.
The global Waste-to-Energy Technologies market is seeing an increase in the use of Waste-to-Energy Technologies in automotive equipment.
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