Waste to Energy

Waste to Energy Market Research Report: Forecast (2023-2028)

By Technology Thermal (Incineration, Pyrolysis, Gasification), Biological, Physical), By Type of Waste (Municipal Waste, Agricultural Waste, Industrial Waste, Others), By Region (Asia-Pacific, Europe, Read more

  • Energy
  • Nov 2022
  • 243
  • EN66004

Market Definition

Waste-to-Energy (WTE) is the process of generating energy in the form of electricity or heat through the combustion of MSW (Municipal Solid Waste). It provides two major benefits— sustainable waste management & disposal and clean power generation. Several countries worldwide are massively investing in renewable energy sources to minimize their dependence on fossil fuels and curb the growing carbon emissions. The high volume of waste generated and the increasing number of WTE plants worldwide are boding well for both the environment and the leading companies operating in the industry.

Market Insights

The Global Waste to Energy Market is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2023-28. The growth of the market would be driven primarily by the massive amount of residential & commercial waste generated every year due to urbanization & industrialization, coupled with increasing population & power consumption levels. As a result, there's a mounting focus of various countries on clean power generation from renewable sources, i.e., augmenting the demand for waste-to-energy plants to treat the substantial waste produced worldwide.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 6%
Regions Covered North America: U.S., Canada, Mexico, Cuba, Puerto
South America: Brazil, Argentina, Colombia, Chile, Peru, Ecuador, Uruguay, Paraguay
Europe: U.K, France, Germany, Spain, Italy, Belgium, Netherlands, Poland, Russia, Romania
Asia-Pacific: China, India, Japan, Australia, South-Korea, Thailand, Indonesia, Philippines, Malaysia, Vietnam
Middle East & Africa: Saudi Arabia, Kuwait, Qatar, Oman, Turkey, South Africa, Egypt, Morocco, Algeria
Key Companies Profiled Suez Environment S.A, Veolia Environment, C&G Limited, Waste Management Inc., Keppel Seghers, Babcock & Wilcox Co., Covanta Energy Corporation, ADI Systems Inc., Hitachi Zosen Inova AG, Xcel Energy Inc., Abu Dhabi National Energy Company PJSC, MVV Energie AG, China Jinjiang Environment Holding Co Ltd, A2A SpA,, Martin GmbH, China Everbright International Limited, Mitsubishi Heavy Industries Ltd, Shandong Wheelabrator Technologies Inc., Constructions Industrielles de la Mediterranee, Foster Wheeler A.G.
Unit Denominations USD Million/Billion

 

Moreover, various initiatives by governments of different countries toward reducing the alarming levels of GHG emissions and promoting the use of sustainable energy resources are also contributing to the overall market expansion. Additionally, benefits of WTE, like clean energy generation & efficient metal recycling, technological advancements in WTE plants, such as combustion & boiler design enhancements and more effective metal recovery systems, coupled with the lack of sufficient landfill sites across most places, are other prominent aspects projected to boost the Global Waste to Energy Market through 2028.

Market Segmentation:

Based on Technology:

  • Thermal
    • Incineration
    • Pyrolysis
    • Gasification
  • Biological
  • Physical

Among all, thermal technology, particularly incineration, is expected to hold a significant share of the Global Waste-to-Energy Market during 2023-28. It attributes to the increasing development of waste incineration facilities worldwide, especially across Asia-Pacific, owing to their benefits like easy operation, reduced GHG emissions, energy preservation, minimized waste volumes, and effective recycling of metal & bottom ash. As a result, incineration is serving as a sustainable solution for both urban & rural areas by enabling the complete combustion of gases released from all kinds of waste, thereby augmenting the overall growth of the waste to energy market.

Based on Type of Waste:

  • Municipal Solid Waste (MSW)
  • Agricultural Waste
  • Industrial Waste
  • Others

Here, MSW (Municipal Solid Waste) holds the majority share of the Global Waste to Energy Market. It owes to the ever-increasing industrialization and high waste generation from residences, offices, shops, schools, & hotels, among other areas. As a result, stringent norms are being imposed by governments of different countries worldwide for the proper management of MSW. Hence, a massive amount of MSW being produced can be used extensively for energy generation globally, which, in turn, would contribute to the overall growth of the Waste to Energy industry through 2028.

Regional Landscape

  • North America
  • South America
  • Asia-Pacific
  • Europe
  • Middle East & Africa

Of all regions globally, Europe accounts for the largest share of the Waste to Energy Market. It primarily owes to the extensive presence of key companies operating in the industry, favorable regulatory policies regarding proper waste disposal, and rapid technological advancements in waste-to-energy plants. The European Union is substantially investing in implementing numerous energy conservation & efficiency projects to cater to the mounting consumer requirements for energy-efficient & clean power generation.

The massive commercial & industrial waste produced in the UK is a brilliant opportunity for the regional market to expand significantly in the forecast period since the amount of waste treated in waste-to-energy plants is small compared to the waste generated. With growing energy security threats and the ever-increasing need to reduce carbon emissions, the country has been working actively on finding a sustainable & financially feasible alternative to fossil fuels. Consequently, it shall generate new directions for the Europe Waste to Energy Market to witness remunerative prospects in the years ahead.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Waste to Energy Market?
  2. What are the region-wise size, growth drivers, and challenges for the Global Waste to Energy Market?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Waste to Energy Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Waste to Energy Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Global Waste to Energy Market study?

Frequently Asked Questions

A. The Waste to Energy Market is expected to record around 6% CAGR during 2023-28.

A. The huge waste generated worldwide and various government initiatives for reducing reliance on fossil fuels & promoting the adoption of renewable energy resources are the prime aspects projected to drive the Waste to Energy Market during 2023-28.

A. Incineration thermal technology is projected to create lucrative prospects for the Waste to Energy Market during 2023-28.

A. Europe would continue generating remunerative opportunities for the key companies in the Waste to Energy Market over the forecast years.

  1. Introduction
    1. Research Process
    2. Technology Overview
    3. Market Segmentation
    4. Assumptions
  2. Glossary
  3. Executive Summary
  4. Expert Verbatim- What our Experts Say?
  5. Global Waste to Energy Industry Overview
  6. Global Waste to Energy Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenues in USD Billion
      2. Market Volumes in Million Tons
    2. Market Share & Analysis
      1. By Technology
        1. Thermal
          1. Incineration
          2. Pyrolysis
          3. Gasification
        2. Biological
        3. Physical
      2. By Type of Waste
        1. Municipal Waste
        2. Agricultural Waste
        3. Industrial Waste
        4. Others
      3. By Region
        1. Asia-Pacific
        2. Europe
        3. North America
        4. Middle East & Africa
        5. South America
      4. By Leading Companies
        1. Market Share
        2. Strategic Factorial Indexing
        3. Competitors Alignment in Competition Quadrant
    3. Global Waste to Energy Market Attractiveness Indexing
      1. By Technology
      2. By Type of Waste
      3. By Region
    4. Asia-Pacific Waste to Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
        2. Market Volumes
      2. Market Share & Analysis
        1. By Technology
        2. By Type of Waste
        3. By Country
          1. China Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          2. India Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          3. Japan Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          4. South Korea Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          5. Thailand Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          6. Indonesia Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          7. Philippines Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          8. Malaysia Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          9. Australia Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          10. Vietnam Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
    5. Europe Waste to Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
        2. Market Volumes
      2. Market Share & Analysis
        1. By Technology
        2. By Type of Waste
        3. By Country
          1. Germany Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          2. France Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          3. Italy Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          4. Spain Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          5. United Kingdom Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          6. Belgium Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          7. Netherlands Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          8. Poland Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          9. Russia Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          10. Romania Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
    6. North America Waste to Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
        2. Market Volumes
      2. Market Share & Analysis
        1. By Technology
        2. By Type of Waste
        3. By Country
          1. United States Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          2. Canada Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          3. Mexico Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          4. Cuba Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          5. Puerto Rico Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
    7. South America Waste to Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
        2. Market Volumes
      2. Market Share & Analysis
        1. By Technology
        2. By Type of Waste
        3. By Country
          1. Brazil Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          2. Argentina Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          3. Colombia Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          4. Chile Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          5. Peru Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          6. Ecuador Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          7. Uruguay Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          8. Paraguay Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
    8. Middle East & Africa Waste to Energy Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenues
        2. Market Volumes
      2. Market Share & Analysis
        1. By Technology
        2. By Type of Waste
        3. By Country
          1. Saudi Arabia Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          2. UAE Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          3. Kuwait Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          4. Qatar Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          5. Oman Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          6. Turkey Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          7. South Africa Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          8. Egypt Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          9. Morocco Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
          10. Algeria Waste to Energy Market Outlook, 2018-2028F
            1. Market Size & Analysis
              1. Market Revenues
              2. Market Volumes
            2. Market Share & Analysis
              1. By Technology
              2. By Type of Waste
  7. Global Waste to Energy Value Chain Analysis
  8. Global Waste to Energy Market Policies and Regulations
  9. Global Waste to Energy Market Trends & Insights
  10. Global Waste to Energy Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  11. Global Waste to Energy Market White Spaces, Hotspots & Opportunities
  12. Global Waste to Energy Market Key Strategic Imperatives for Growth & Success
  13. Global Waste to Energy Market Porters Five Forces Analysis
  14. Global Waste to Energy Market Competition Outlook
    1. Competition Matrix
      1. Technology Portfolio
      2. Target Markets
      3. Research & Development
      4. Strategic Alliances
      5. Strategic Initiatives
    2. Company Profiles (Business Description, Technological Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Suez Environment S.A
      2. Veolia Environment
      3. C&G Limited
      4. Waste Management Inc.
      5. Keppel Seghers
      6. Babcock & Wilcox Co.
      7. Covanta Energy Corporation
      8. ADI Systems Inc.
      9. Hitachi Zosen Inova AG
      10. Xcel Energy Inc.
      11. Abu Dhabi National Energy Company PJSC
      12. MVV Energie AG
      13. China Jinjiang Environment Holding Co Ltd
      14. A2A SpA
      15. Martin GmbH
      16. China Everbright International Limited
      17. Mitsubishi Heavy Industries Ltd
      18. Shandong Wheelabrator Technologies Inc.
      19. Constructions Industrielles de la Mediterranee
      20. Foster Wheeler A.G.
  15. Disclaimer
Waste to Energy Market Segmentation