Asia Pacific Waste to Energy Management Market Research Report: Forecast (2024-2030)

Market Definition

Waste-to-energy (WtE) refers to the process of generating energy in the form of electricity or heat from the treatment of waste.

Market Insights & Analysis: Asia Pacific Waste to Energy Management Market (2024-2030) 

The Asia Pacific Waste to Energy Market size is valued at USD 15 billion in 2024 and is projected to reach USD 25 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7% during the forecast period, i.e., 2024-30. This growth is supported by various factors like rapid urbanization, rising waste generation, and a strong emphasis on sustainable waste management practices. With rapid urbanization and growing population in major countries like India & China followed by other Asia Pacific countries, there is an increase in waste generation which needs to be managed.

*Boost strategic growth with in-depth market analysis - Get a free sample preview today!

The population explosion in the developed and emerging cities in the region massively produces municipal waste. For the resolution of this waste disposal issue, regional governments and private players are continuously investing in waste-to-energy technologies for the production of renewable energy. By 2050, South Asia combined with East Asia and the Pacific region is expected to have around 1.4 billion tons of waste as per estimation by the World Bank. The increasing demand for energy in the region coupled with increasing municipal waste volume creates numerous opportunities for the waste-to-energy market. China and Japan are the prominent shareholders in waste to waste-to-energy market in the Asia Pacific Region with Shanghai and Tokyo as the major cities that process the highest waste to generate energy for heat and electricity purposes.   

Moreover, with regional governments' strong emphasis on sustainable waste management practices for the reduction of waste and to fulfill the growing energy demand, the market is set on an upward growth trajectory. 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. This is boosting the market towards exponential growth.  Various regional governments have launched several policies in the clean energy sector to tackle the rising electricity demand, which includes implementing waste-to-energy solutions. For Instance:

• The Indian Government’s Solid Waste Management Rules, 2016, emphasize the need for waste processing facilities, including WtE plants. In Pune, the municipal corporation has established a WtE plant that converts around 150 tons of MSW per day into biogas and compost. This initiative exemplifies governmental support for integrating WtE into urban waste management strategies.
• In China, the "Thirteenth Five-Year Plan" for Ecological and Environmental Protection outlines ambitious targets for waste management, including a significant increase in WtE capacity. The government aims for 30% of urban waste to be processed through WtE technologies by 2025.

The growing awareness about environmental issues and the region moving towards sustainable methods of living are the factors further deriving the demand for waste-to-energy facilities. Also, technological advancements and innovations in waste-to-energy management technologies like advanced combustion systems and anaerobic digestion will further provide opportunities for the market players. 

Asia Pacific Waste to Energy Management Market Driver

Increased Demand for Renewable Energy - The increasing demand for renewable energy in the Asia Pacific region is driving the growth of the waste-to-energy management market. With the higher consumption of energy and its requirement due to rapid urbanization and industrial growth coupled with a booming population, Asian Countries are looking for reliable, sustainable energy sources to meet this demand. With the high amount of waste piled up in both rural and urban areas, WtE presents a viable solution by converting waste into energy, thus contributing to the renewable energy mix. This will further help in the reduction of fossil fuels. The government policies, sustainability goals, and incentives in the Asia Pacific region further drive the demand for renewable energy. For Instance: By 2030, the South Korean Government has a target of producing 20% of energy from renewable sources including substantial investments in WtE projects.

Asia Pacific Waste to Energy Management Market Opportunity

Technological Advancements & Innovations in Waste-to-Energy - Technological advancements in waste-to-energy (WtE) possess a significant opportunity for the Asia Pacific waste management market. For better efficiency and lower emissions, market players in the region can include modern incineration technologies like fluidized bed combustion and rotary kilns making WtE plants more sustainable. The Tuas Incineration Plant in Singapore utilizes advanced incineration technology to process waste while generating electricity for the grid. Advancements in emission control technologies, such as scrubbers and filters, help meet stringent environmental regulations, making WtE projects more acceptable to the public and regulators. Tokyo’s Shinagawa Incineration Plant offers the industry’s best flue gas treatment systems that ensure emissions are highly controlled. Innovative energy recovery systems such as combined heat and power (CHP) plants, allow for more efficient utilization of the energy generated from waste. Seongnam WtE Plant in South Korea employs this CHP technology. Advancements in anaerobic digestion and other biological treatment processes in the region will enhance the recovery of energy from organic waste, increasing the overall efficiency of WtE systems. This will create new opportunities for the market players.

Asia Pacific Waste to Energy Management Market Challenge

High Initial Capital Cost and Financing Restraints - High initial capital costs and financing difficulties pose a significant challenge to the growth of the waste-to-energy management market in the Asia Pacific region. For the establishment of WtE facilities considerable investment in infrastructure, including advanced technology for waste processing, energy recovery systems, and pollution control measures is required. This becomes a heavy initial cost for many developing countries in the Asia Pacific region. Moreover, many local governments and municipalities face challenges in securing financing for WtE projects due to high costs and perceived risks. In many Asian countries, there are limited budgets allocated towards competing priorities which restricts the availability of funds for large-scale waste-to-energy management projects. Also, potential investors might be hesitant to commit to projects with high capital expenditures, especially in regions with economic uncertainties or fluctuating energy prices. As the Asia Pacific region consists of developing countries their main focus shifts to more competent problems due to which market players would have to bear the financing difficulties.

Asia Pacific Waste to Energy Management Market Trend

Incineration Emerging as a Prominent Waste-to-Energy Conversion Technology - Incineration is increasingly recognized as a leading waste-to-energy (WtE) conversion technology in the Asia Pacific region.  With the growing population in the region, the landfill space is getting limited and the waste is growing enormously. This is creating a surge for more effective waste volume reduction solutions like Incineration as it converts waste into ash, flue gases, and energy which significantly reduces the volume of waste. Tokyo's waste management system includes multiple incineration facilities that convert tons of waste into energy, minimizing landfill use. It has become a trend in Japan, China, and India, thereby showing robust growth during the forecast period. Japan has several advanced WtE facilities that use high-efficiency modern incineration methods. Modern incineration plants are equipped with advanced technology to efficiently convert waste into electricity and heat, contributing to local energy needs with stringent emission controls. The supportive government policies are boosting the incineration trend by promoting it as a part of their waste management strategies, recognizing its potential to address waste and energy challenges. Tuas Incineration Plant of Singapore supports the goal of sustainable energy use thereby converting waste into energy to power the national grid.

Asia Pacific Waste to Energy Management Market (2024-2030) Segmentation Analysis

The Asia Pacific Waste to Energy Management Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the global, regional, and national levels. Based on the analysis, the market has been further classified as:

By Type

• Municipal Solid Waste
• Process Waste
• Agriculture Waste
• Medical Waste
• Others

Out of all the waste types, Municipal Solid Waste is the largest shareholder in the Asia Pacific waste-to-energy market. Municipal waste is increasing at a substantial rate in the region due to the growing urban population and countries are emphasizing waste reduction by converting it to generate energy in the form of methane. This helps in the reduction of waste by stabilizing the increasing carbon footprint in the region. The growth of municipal solid waste to energy is also influenced by the regional government’s involvement in sustainable waste management practices. Countries like China, Japan, India, and others have many policies and regulations implemented to promote waste-to-energy technologies. By the use of municipal solid waste in energy production, there is a heavy reduction in landfills and burning of waste which helps in environmental protection by decreasing greenhouse emissions and other concerns, thus boosting its demand in the Asia Pacific market. 

By Technology

• Thermal
• Biological
• Physical

In terms of technology, Thermal leads the Asia Pacific waste-to-energy market.  Thermal conversion technologies involve methods like incineration, gasification, and pyrolysis to convert waste into energy. It is the most common method used to generate energy from the growing municipal waste in the Asia Pacific region. Moreover, to reduce the dependency on fossil fuels many countries in the region are seeking renewable energy sources where the thermal waste-to-energy conversion method becomes an easier option to opt for in the region thus boosting its demand. For instance: Japan has set a global benchmark with its widely accepted advanced incineration systems. Moreover, thermal waste-to-energy options are more advantageous economically. They help in the reduction of landfill costs, lower greenhouse gas emissions, and generate energy revenue with low initial investments making it perfect for many developing countries in the Asia Pacific region.

Asia Pacific Waste to Energy Management Market (2024-30): Regional Projections

Geographically, the Asia Pacific Waste to Energy Management Market expands across:

• China
• India
• Japan
• South Korea
• Thailand
• Indonesia
• Philippines
• Malaysia
• Australia
• Vietnam
• Others

Japan and China hold the lion’s share in the Asia Pacific waste-to-energy market. Factors influencing this domination are rapid urbanization and supportive government policies for sustainable waste management practices. Some of the largest cities in the world are present in both countries which generates significant amounts of waste annually, creating the demand for substantial waste-to-energy conversion. In cities like Tokyo, Beijing, and Shenzhen, the generation of municipal solid waste has increased drastically reaching over 18 million tons annually. This has resulted in the development of the Beijing East District Waste-to-Energy Plant & Shenzhen East Waste-to-Energy Plant processing up to 5,000 tons of municipal solid waste daily by converting it into 100 megawatts of electricity. Moreover, the government of China has implemented multiple policies like the “Thirteenth Five Year Plan” that aims at improving waste management and promoting waste-to-energy technologies which further influences the market growth.

Asia Pacific Waste to Energy Management Market Recent Developments 

• In March 2024, Hitachi Zosen Corporation’s, Indian arm, city-based infrastructure player Vishnu Surya Projects and Infra Ltd. (VSIL), and Mumbai-based AG Enviro Infra Projects Pvt. Ltd., announced their entry into waste management in Chennai.
• In March 2024, China Everbright International Limited announced the trial of its investment in Can Tho’s first waste-to-energy plant. Trials will begin on October 15, 2024.

Gain a Competitive Edge with Our Asia Pacific Waste to Energy Management Market Report

• Asia Pacific Waste to Energy Management Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps business organizations to gain a holistic understanding of market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing business organizations to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
• The Asia Pacific Waste to Energy Management Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, business organizations can develop strategies to minimize risks & optimize their operations.

*Reports Delivery Format  - Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address