Market Research Report

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

By Technology (Thermal [Incineration, Pyrolysis, Gasification], Biological, Physical), By Waste Type Municipal Waste, Agricultural Waste, Others (Process Waste, Medical Waste, etc....), By Application (Electricity, Heat, Transport Fuel, Others), By Region (Dubai, Abu Dhabi, Sharjah & Northern Emirates), By Company (Babcock & Wilcox, Veolia Environment S.A., Hitachi Zosen Corporation, Abu Dhabi National Energy Company PJSC, Masdar, Emirates Waste to Energy, Ramboll, Mitsubishi Heavy Industries Inc., BEEAH Group, Suez Environnement Company, Others) Read more

  • Energy
  • Feb 2023
  • 98
  • PDF, Excel, PPT

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.

Market Insights & Analysis: The UAE Waste to Energy Market (2023-28)

The UAE Waste to Energy Market is projected to grow at a CAGR of more than 10% during the forecast period, i.e., 2023-28. The expansion of the market is attributed to the massive amount of residential & commercial waste generated in the region due to urbanization, industrialization, and tourism combined with a surge in power consumption in the area. Additionally, the UAE’s focus on reducing its carbon emission & producing more renewable energy to downsize its reliance on oil & natural gas has further expanded the industry.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 10%
Region Covered Dubai, Abu Dhabi, Sharjah & Northern Emirates
Key Companies Profiled Babcock & Wilcox, Veolia Environment S.A., Hitachi Zosen Corporation, Abu Dhabi National Energy Company PJSC, Masdar, Emirates Waste to Energy, Ramboll, Mitsubishi Heavy Industries Inc., BEEAH Group, Suez Environnement Company, Others
Unit Denominations USD Million/Billion

 

Government initiatives towards the propagation of proper waste management & utilization and awareness of sustainable electricity production fueled by UAE’s goal of achieving zero carbon emission in coming decades have been further reverting to the broader installation of waste to energy plants. However, the incompatibility of heat produced by the plant with already hot regions of the UAE and the intensive green gas production could impede the growth, thus also affecting the UAE Waste to Energy Market size.

Furthermore, the benefits of waste-to-energy plants, including clean energy generation, efficient metal recycling, consumption & boiler design enhancements, and better metal recovery systems combined with lesser requirement of landfill sites are some prominent factors accelerating the market growth into the forecast years.


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

Market Dynamics

Key Driver: Utilization of Waste with the Reduction in Landfills

Utilizing the massive volume of municipal waste to create alternative energy sources has been driving the industry. In addition, the significant depreciation of further expansion of landfills across the region has further accelerated the market elevation. Since the waste-to-energy plant provides the utilization of waste which would otherwise go to landfills and further damage the ecosystem tremendously, to instead create energy, it has led to the rapid installation of such plants in the major hubs and cities to provide sustainable energy and maintain the cycle of waste production and management, propelling the expansion of waste to the energy industry.

Possible Restraint: Incompatibility of Heat Produced with the Hot Weather of the Region

Though the waste-to-energy processes are made to reduce the improper disposal of waste along with a sustainable energy source, the establishment of huge plants still poses a warning of pollution risks from greenhouse gas-intensive incinerators. The intensity of greenhouse gases produced along with the vast electricity production could be detrimental to the climate and environment, and awareness about the same could hamper market expansion.

Likewise, the polluting particles produced and the destruction of valuable materials could further impede market growth as the method is not entirely renewable for the environment. Additionally, since the heat produced during the incineration of waste could not be harnessed or utilized since the region's weather is already scorching hot, the industry could experience further hindrance in its acceleration.

Growth Opportunity: The United Arab Emirates Net Zero 2050 initiative to Act as a Profitable Aspect for the Market

The initiative to reduce carbon emission in the UAE by 2050 has been motivating the market participants & the government to establish more renewable and sustainable resources and energy sources. Along similar lines, the waste-to-energy projects in the region to propagate better waste management and sustainable electricity and energy production from renewable resources would contribute to the Net Zero 2050 carbon emissions initiative.

This has attracted the attention of major players to establish branches in the area and to contribute to the cause. For instance, on 12th September 2022, Dubai Municipality announced that 85 percent of Dubai Waste Management Centre (DWMC), the world's largest waste-to-energy project, has been completed. Utilizing this technology would reduce waste landfill use and generate low-carbon energy, which navigates into an opportunity for the market participants to use the investments in green technology along with alternative ways to reduce dependency on oil or natural gas for energy production. 

Market Segmentation

Based on Waste Type:

  • Municipal Waste 
  • Agricultural Waste 
  • Others (Process Waste, Medical Waste, etc.)

Among all, Municipal Waste is anticipated to hold the majority share of the UAE Waste to Energy Market in the forecasting period, attributed to the large amount of municipal waste accumulated during the historical years. Additionally, it is aided by the ever-increasing industrialization and high amount of waste generated from residences, offices, stores & shops, schools & hotels, and other areas. 

Moreover, with UAE investing in green technologies to reduce its dependency on oil and natural gas, the region aims to generate power and fuel it to produce energy in the form of electricity for the area. The production of electricity by incinerating solid waste and garbage to produce steam which is then converted into electricity, has proved to be an inventive step by the region as a solution to its energy source dilemma to reduce dependency on natural oil or fossil fuels. Collectively, these factors promise lucrative growth opportunities for the industry.

Based on Technology:

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

Among all, Thermal technology is expected to secure the largest share during the forecast period, attributed to its high installation and application in the region coupled with faster and more efficient energy production. Additionally, the complementing of the technology with the large amount of waste produced daily in the area has opened new avenues for the expansion of the industry.

The region's focus on utilizing the mass-produced waste and processing it through incineration or pyrolysis to further utilize the gases produced by the waste to produce clean energy is further accelerating the prospects for thermal technology in the industry. The process includes burning the gases to turn the turbine for electricity generation and the gases undergoing filtration and treatment with lime to control pollutant release during the procedure. Bifurcated advantages of the technology instigate the need for expediting the expansion of the industry.   

Regional Projection

Geographically, the UAE Waste to Energy Market expands across:

  • Dubai
  • Abu Dhabi
  • Sharjah & Northern Emirates

Dubai has acquired a significant market share in the historical period and is expected to prevail in the same trend during the forecast period. The market expansion is attributed to the massive amount of waste produced coupled with Dubai’s capacity to process and establish the largest waste-to-energy plant in the area. Dubai is set to accommodate the world’s largest waste-to-energy project, scheduled to be finished by 2024. The project is aimed to contribute to the municipality’s objective of reducing and completely diverting waste from landfills in the coming decades. The capacity to manage such a large scale of waste and establish the largest waste-to-energy plant promises further avenues for market expansion.

Recent Developments in the UAE Waste to Energy Market

  • In January 2023, Babcock & Wilcox were awarded contracts totaling $14 million to provide highly efficient cooling systems for UK waste-to-energy plants.
  • In December 2022, Suez Environnement Company announced that it had completed the acquisition from Veolia Environment S.A. of its former waste management assets in the U.K.
  • In 2022, Veolia Environment S.A. joined BEEAH Group and Masdar to operate and maintain the region's first waste-to-energy plant.

Gain a Competitive Edge with Our UAE Waste to Energy Market Report

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

Frequently Asked Questions

   A. The UAE Waste to Energy Market is projected to grow at a CAGR of more than 10% during 2023-28.

   A. The utilization of waste with the reduction in landfills is expected to drive the UAE Waste to Energy Market during 2023-28.

   A. Babcock & Wilcox, Veolia Environment S.A., Hitachi Zosen Corporation, Abu Dhabi National Energy Company PJSC, Masdar, Emirates Waste to Energy, Ramboll, Mitsubishi Heavy Industries Inc., BEEAH Group, Suez Environnement Company, and Others are the top players in the UAE Waste to Energy Market during 2023-28.

   A. Municipal Waste is anticipated to emerge as an area of remunerative opportunities for the leading players in the UAE Waste to Energy Market during the forecast period.

   A. United Arab Emirates Net Zero 2050 initiative is the growth opportunity driving the UAE Waste to Energy Market through 2028.

   A. The incompatibility of heat produced with the hot weather of the region is the possible restraints affecting the growth of the UAE Waste to Energy Market through 2028.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Macroeconomic Outlook
  5. The UAE Waste to Energy Market Porters Five Forces Analysis
  6. The UAE Waste to Energy Market Supply Chain Analysis
  7. The UAE Waste to Energy Market Trends & Insights
  8. The UAE Waste to Energy Market Dynamics
    1. Drivers
    2. Challenges
  9. The UAE Waste to Energy Market Growth Opportunities & Hotspots
  10. The UAE Waste to Energy Market Policy & Regulations
  11. The UAE Waste to Energy Market Outlook, 2018-2028F
    1. Market Size & Outlook
      1. Revenues (USD Million)
      2. Volume (Tons)
    2. Market Share & Outlook
      1. By Technology
        1. Thermal
          1. Incineration
          2. Pyrolysis
          3. Gasification
        2. Biological
        3. Physical
      2. By Waste Type
        1. Municipal Waste
        2. Agricultural Waste
        3. Others (Process Waste, Medical Waste, etc.)
      3. By Application
        1. Electricity
        2. Heat
        3. Transport Fuel
        4. Others
      4. By Region
        1. Dubai
        2. Abu Dhabi
        3. Sharjah & Northern Emirates
      5. By Company
        1. Market Share
        2. Competition Characteristics
  12. The UAE Waste to Energy Market Key Strategic Imperatives for Growth & Success
  13. Competitive Benchmarking
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
    2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
      1. Babcock & Wilcox
      2. Veolia Environment S.A.
      3. Hitachi Zosen Corporation
      4. Abu Dhabi National Energy Company PJSC
      5. Masdar
      6. Emirates Waste to Energy
      7. Ramboll
      8. Mitsubishi Heavy Industries Inc.
      9. BEEAH Group
      10. Suez Environnement Company
      11. Others
  14. Disclaimer


The UAE Waste to Energy Market - Segmentation Slide