Press Release

A USD15 Billion Asia Pacific Waste to Energy Management Market to Flourish at a CAGR of Around 7% During 2024-30

The Asia Pacific Waste to Energy Management Market is projected to grow at a CAGR of 7% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report.  In 2024, the regional market size valued at USD 15 billion would exceed USD 25 billion by 2030.

This growth is supported by factors such as rapid urbanization, rising waste generation, and a strong emphasis on sustainable waste management practices. The Governments and private sector players in the Asia Pacific region are continuously investing in waste-to-energy technologies for the production of renewable energy and the reduction of waste disposal issues. The region is densely populated with India and China leading in population index leading to high waste generation. With rapid urbanization due to rising population, the Asia Pacific region faces mounting waste management challenges. Many countries are implementing strict waste management policies and supporting renewable energy sources in the region, resulting in multiple investments in waste-to-energy management technologies. Multiple innovations in waste-to-energy management technologies like advanced combustion systems and anaerobic digestion make the process more efficient and cost-effective which in turn provides more opportunities for growth for the market players. Factors like growing awareness about environmental issues and the region moving towards sustainable methods of living have further been driving the demand for waste-to-energy facilities for the reduction of greenhouse gas emissions and landfill use.

However, multiple challenges could affect the market growth. Some of these challenges are regulatory and compliance issues, high initial investments, and technological barriers. There are inconsistent regulations applied across different companies which ultimately complicates project development and operational efficiency. Limited technological infrastructure and know-how would hinder the implementation of waste-to-energy management technologies and affect the market growth adversely. Moreover, the capital required for the establishment of these plants is very high which sometimes becomes unaffordable to many emerging economies of the region.

In the last few years, a lot of chemical, rubber, and automotive manufacturing industries have shifted their base to the Asia-Pacific region to capitalize on the availability of cheap labor and abundance of natural resources, thereby, increasing basic energy requirements and emanating the need for improved waste disposal methods and high demand for renewable energy sources, as stated further by the research report, “Asia Pacific Waste to Energy Management Market Analysis, 2024.”

Segmentation Analysis

Municipal Solid Waste Segment holds the Largest Share of the Market

Based on type the market is further bifurcated into Municipal Solid Waste, Process Waste, Agricultural Solid Waste, Medical Waste, and others. In the Asia Pacific region municipal solid waste is a major component of Waste to Energy market. With the growth of the urban population in the region, the volume of municipal solid waste is generating at a rapid rate due to more consumption with cities expanding continuously. Many governments like India, China, Japan, and others are recognising the importance of sustainable waste management, thus implementing policies to promote waste-to-energy technologies. With rapid technological advancements and innovations like advanced combustion methods and anaerobic digestion, the conversion of Municipal solid waste (MSW) into energy is becoming more efficient and less environmentally damaging. Using MSW as a source of energy generation helps to reduce landfill waste, decreases greenhouse gas emissions, and thus addresses critical environmental concerns which eventually boosts its demand in the region.

China Dominates the Asia Pacific Waste to Energy Management Market

Based on the region, the market is further fabricated into China, India, Japan, South Korea, Australia, Thailand, Indonesia, Malaysia, Philippines, Vietnam and others. Japan and China dominate the Asia Pacific waste-to-energy management market due to rapid urbanization, supportive government policies for sustainable waste management practices, and substantial waste-to-energy generation. Both the country cumulatively grabbed more than 70% of the regional market share.  China is home to some of the largest cities in the world with an exponential growth in waste generation. With the presence of many waste-to-energy plants, it is significantly reducing landfill dependency whilst generating renewable energy. The government of China has implemented multiple policies that aim at improving waste management and promoting waste-to-energy technologies. They include financial incentives and regulatory frameworks that help in the construction of the required facilities for waste management and energy production. Citizens in China also help boost market growth by involving in recycling and waste segregation efforts, which enhances the efficiency of waste-to-energy processes.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Hitachi Zosen Corporation, Babcock & Wilcox Company, Amec Foster Wheeler, Veolia Environment S.A., Suez S.A., Waste Management Inc., C&G Limited, Keppler Seghers, Covanta Energy Corporation, Evoqua Water Technologies, Xcel Energy, Inc., Abu Dhabi National Energy Company PJSC, MVV Energie AG, China Jinjiang Environment Holding Co. Limited, A2A SpA, SCHMACK BIOGAS GMBH, China Everbright International Limited, Mitsubishi Heavy Industries Limited, Shandong Wheelabrator Technologies Inc., Doosan Lentjes GmbH and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report                                  

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?