Global Waste to energy Market

Global Waste to Energy Market Size, Share, Growth Analysis, By Technology (Thermal, and Biological), By Waste Type(Municipal Solid Waste (MSW), Industrial Waste) - Industry Forecast 2023-2030


Report ID: SQMIG55E2031 | Region: Global | Published Date: July, 2030 | Pages: 182 | Tables: 63 | Figures: 75

Global Waste to Energy Market Insights

​​Global Waste to Energy Market size was valued at USD 38.51 billion in 2022 and is poised to grow from USD 41.40 billion in 2023 to USD 73,83 billion by 2031, at a CAGR of 7.5% during the forecast period (2024-2031).

The main purpose of the global waste to energy market is to provide a sustainable solution for waste management, while also addressing the growing demand for energy. With the increasing population and industrialization, the amount of waste generated has been increasing, leading to a need for effective waste management strategies. Waste to energy provides an opportunity to reduce the amount of waste that ends up in landfills, while also generating energy. The main challenges in the waste to energy market is the availability of suitable waste materials for conversion. The composition of waste materials can vary greatly, which can affect the efficiency of the waste to energy plants. This requires careful selection and segregation of waste materials to ensure optimal performance. the potential environmental impact of waste to energy plants. While waste to energy provides a sustainable solution for waste management, it can also pose risks to the environment and human health if not implemented properly. This requires strict regulations and monitoring to ensure that the waste to energy plants meet environmental standards. the increasing focus on renewable energy sources. Waste to energy provides a renewable source of energy that can help reduce reliance on fossil fuels and reduce greenhouse gas emissions.

Market snapshot - 2024-2031

Global Market Size

USD 38.51 billion

Largest Segment

Thermal

Fastest Growth

Biological

Growth Rate

7.5% CAGR

Global Waste to Energy Market ($ Bn)
Country Share for Europe Region (%)
Global Waste to Energy Market By Technology ($ Bn)
Global Waste to Energy Market By Technology (%)

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Global Waste to Energy Market Segmental Analysis

The global waste to energy market is segmented on the basis of technology, services, and region. Based on technology, the market is bifurcated into thermal, and biological. In terms of waste type, the market is segmented into municipal solid waste (MSW), industrial waste, agricultural waste, and others. Regionwise, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Waste to energy Market Analysis by Technology

The thermal segment emerged as the dominant segment in the global waste to energy market, accounting for a significant revenue share. This growth was primarily driven by the widespread adoption of incineration thermal technology, which contributed significantly to the overall revenue growth. Thermal conversion techniques offer a relatively simple process with ease of operations, making them a favorable choice for waste to energy projects. Thermal treatment of waste provides an environmentally sound solution for modern cities by enabling the complete combustion of gasses released from the waste. Incineration thermal technology offers several benefits, including the limitation of greenhouse gas emissions, energy preservation, and waste volume reduction.

The biological segment is expected to exhibit the highest growth rate in the waste to energy market over the forecast period. This growth is attributed to the gradual advancement of anaerobic decomposition technology. Governments in several developed nations are actively engaging in research and development activities to enhance the economic viability of anaerobic digestion facilities. Key factors such as genetic engineering of organisms and advancements in reactor design play a crucial role in improving the biological conversion of gasses into fuels and co-products.

Waste to energy Market Analysis by Waste Type

Municipal solid waste is the largest waste type segment in the waste to energy market. It includes waste generated from households, commercial establishments, and institutions. MSW typically consists of organic waste, paper, plastics, metals, and other non-hazardous materials. The key drivers for waste to energy conversion of MSW include the increasing volume of waste generated globally and the need for sustainable waste management solutions. Waste to energy plants that utilize MSW as a feedstock can help reduce landfill waste, generate renewable energy in the form of electricity or heat, and reduce greenhouse gas emissions. MSW is a reliable and readily available waste stream, making it an attractive choice for waste to energy projects.

Industrial waste encompasses various types of waste generated from manufacturing processes, power plants, construction sites, and other industrial activities. This waste stream often contains a high calorific value due to the presence of materials such as biomass, plastics, rubber, and chemicals. Waste to energy conversion of industrial waste offers multiple benefits, including efficient waste disposal, resource recovery, and energy generation. By converting industrial waste into usable energy, waste to energy plants can help industries meet their sustainability goals, reduce reliance on fossil fuels, and minimize environmental impact. The industrial waste segment presents significant growth potential for waste to energy technologies, driven by the need for efficient waste management practices in industrial sectors.

Global Waste to Energy Market By Administration Route, 2022 (%)

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Global 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 By Region, 2024-2031
  • Largest
  • Fastest

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Global 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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Global 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

  • Veolia Environnement S.A. (France)
  • Hitachi Zosen Corporation (Japan)
  • Wheelabrator Technologies Inc. (US)
  • Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (Japan)
  • Xcel Energy Inc. (US)
  • Babcock & Wilcox Enterprises, Inc. (US)
  • Hitachi Zosen Inova AG (Switzerland)
  • Keppel Seghers (Belgium)
  • Waste Connections, Inc. (Canada)
  • China Everbright International Limited (China)
  • Amec Foster Wheeler (UK)
  • Plasco Conversion Technologies Inc. (Canada)
  • Constructions Industrielles de la Méditerranée (CNIM) (France)
  • Foster Wheeler AG (Switzerland)
  • Biomass Secure Power Inc. (Canada)
  • Green Conversion Systems, Inc. (US)
  • Ramboll Group A/S (Denmark)

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.

  • 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.

Global 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.

Global 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 2022 USD 38.51 billion
Market size value in 2031 USD 73,83 billion
Growth Rate 7.5%
Base year 2022
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Technology 
    • Thermal, and Biological
  • Waste Type
    • Municipal Solid Waste (MSW), Industrial Waste, Agricultural Waste, and Others
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
  • Veolia Environnement S.A. (France)
  • Hitachi Zosen Corporation (Japan)
  • Wheelabrator Technologies Inc. (US)
  • Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (Japan)
  • Xcel Energy Inc. (US)
  • Babcock & Wilcox Enterprises, Inc. (US)
  • Hitachi Zosen Inova AG (Switzerland)
  • Keppel Seghers (Belgium)
  • Waste Connections, Inc. (Canada)
  • China Everbright International Limited (China)
  • Amec Foster Wheeler (UK)
  • Plasco Conversion Technologies Inc. (Canada)
  • Constructions Industrielles de la Méditerranée (CNIM) (France)
  • Foster Wheeler AG (Switzerland)
  • Biomass Secure Power Inc. (Canada)
  • Green Conversion Systems, Inc. (US)
  • Ramboll Group A/S (Denmark)
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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 Global 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
  • 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 Global 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
  • 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
  • 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(%)

Methodology

For the Global 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 Global 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 Global 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 Global 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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FAQ's

​​Global Waste to Energy Market size was valued at USD 38.51 billion in 2022 and is poised to grow from USD 41.40 billion in 2023 to USD 73,83 billion by 2031, at a CAGR of 7.5% during the forecast period (2024-2031).

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. 'Covanta Energy Corporation (US)', 'Veolia Environnement S.A. (France)', 'SUEZ (France)', 'Waste Management, Inc. (US)', 'Hitachi Zosen Corporation (Japan)', 'Wheelabrator Technologies Inc. (US)', 'Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (Japan)', 'Xcel Energy Inc. (US)', 'Babcock & Wilcox Enterprises, Inc. (US)', 'Hitachi Zosen Inova AG (Switzerland)', 'Keppel Seghers (Belgium)', 'Waste Connections, Inc. (Canada)', 'China Everbright International Limited (China)', 'Amec Foster Wheeler (UK)', 'Plasco Conversion Technologies Inc. (Canada)', 'Constructions Industrielles de la Méditerranée (CNIM) (France)', 'Foster Wheeler AG (Switzerland)', 'Biomass Secure Power Inc. (Canada)', 'Green Conversion Systems, Inc. (US)', 'Ramboll Group A/S (Denmark)'

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.

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.

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.

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