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The waste to energy market size is forecast to increase by USD 23.13 billion between 2022 and 2027, accelerating at a CAGR of 6.55%. In 2017, Germany held the largest market share, projecting an annual revenue of USD 11.47 billion. The market size, historical data (2017-2021), and future forecasts are presented in terms of value (in USD billion) in this report.
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Increasing awareness about climate change is the key driver for the growth of the global market. Awareness about climate change helps reduce the amount of waste that goes into landfills, which results in decreased greenhouse gas emissions, one of the major causes of climate change. Globally, governments, organizations, and individuals are more aware of the need to decrease carbon footprint and adopt sustainable practices. There is one of the solutions to achieve this goal, as it can help to generate renewable energy in the process and also reduce the amount of waste that is sent to landfills
Additionally, to the environmental benefits, also helps to reduce the cost of waste disposal and generate revenue through the sale of electricity or other by-products. This results in a rising demand for waste-to-energy technologies. Generally, the rising awareness about climate change and more and more countries and organizations looking to adopt sustainable practices and decrease their carbon footprints will drive the growth of the market during the forecast period.
The Thermal segment was the largest segment and was valued at USD 14.42 billion in 2017. Thermal technology is one of the main technologies used in the global market. Its technology involves the use of heat to convert waste into energy. This technology is further segmented into four types namely incineration, gasification, pyrolysis, and plasma arc gasification. The incineration segment of thermal technology involves the burning of waste at high temperatures to produce steam which is used to generate electricity. The gasification segment involves the conversion of waste into a gas by heating.
Europe is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The market in Europe is increasing due to the countries seeking to reduce their dependence on fossil fuels and using their renewable energy sources. Through various processes, such as incineration, gasification, and pyrolysis waste energy technology converts solid waste into energy. Several countries in Europe, including Germany, France, the UK, Sweden, Denmark, and the Netherlands, have developed a mature waste-to-energy industry. In Europe, Germany is the largest market technology, with over 80 plants in operation.
Moreover, the demand in Europe is rising due to the increasing efforts to reduce the carbon footprint and to control global warming by reducing the waste generated. In Europe, most of the waste is processed using integrated waste management systems (IWMS), which are controlled by the European Union (EU) regulations. Landfills are used for the management of MSW in Europe. However, due to the development of new regulations, there has been a reduction in the amount of MSW disposed of in landfills in Europe. This policy has set a target for the recycling of 75% of packaging waste by 2030 and reducing food waste by 30% by 2025 and 50% by 2030. Hence, due to these regulations, this region is expected to grow during the forecast period.
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The Market is fragmented in nature. Some significant players include A2A Spa, Abu Dhabi National Energy Company PJSC, Babcock and Wilcox Enterprises Inc., BlueFire Renewables Inc., China Everbright Environment Group Ltd.,
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
China Jinjiang Environment Holding Co. Ltd, CNIM SA, Covanta Holding Corp., Ener Core Inc., Future Biogas Ltd., Hitachi Zosen Corp., John Wood Group PLC, Keppel Corp. Ltd., MARTIN GmbH, Meridiam SAS, Mitsubishi Heavy Industries Ltd., MVV Energie AG, Veolia Environnement SA, Waste Management Inc., and Wheelabrator Technologies Holdings Inc.
The waste-to-energy market report forecasts market growth by revenue at global, regional & country levels and provides a market research and growth analysis of the latest market growth and trends and growth opportunities from 2017 - 2027.
The Market is growing rapidly as an essential component of sustainable urban living and reducing waste generation. It focuses on utilizing non-fossil flue gas stream sources of energy to address environmental challenges. Technologies like incinerators are crucial for thermal-based waste-to-energy conversion, electricity generation and reducing emission discharge. Dendro Liquid Energy (DLE) and Solvay are key players in this market, with the latter operating the Dombasle-sur-Meurthe soda ash production plant.
The market includes waste-to-energy facility for incineration and thermal power cogeneration, driven by bioenergy capacity and refuse-derived fuel (RDF). Asia-Pacific's growing economies contribute significantly to the market, supported by capital subsidies and feed-in tariffs. R&D projects are driving economic development and addressing health safety risks associated with municipal solid waste (MSW). The market addresses rapid urbanization challenges, supported by initiatives like waste-to-energy (WTE) plants and environmental sustainability measures. Ecogreen Energy is a notable waste management concessionaire, focusing on waste management and recycling technologies to convert waste into resources. The market is witnessing increasing demand for waste-to-energy facilities due to their role in sustainable energy production.
Waste To Energy Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.55% |
Market growth 2023-2027 |
USD 23.13 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.15 |
Regional analysis |
Europe, APAC, North America, Middle East and Africa, and South America |
Performing market contribution |
Europe at 43% |
Key countries |
US, Japan, China, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
A2A Spa, Abu Dhabi National Energy Company PJSC, Babcock and Wilcox Enterprises Inc., BlueFire Renewables Inc., China Everbright Environment Group Ltd., China Jinjiang Environment Holding Co. Ltd, CNIM SA, Covanta Holding Corp., Ener Core Inc., Future Biogas Ltd., Hitachi Zosen Corp., John Wood Group PLC, Keppel Corp. Ltd., MARTIN GmbH, Meridiam SAS, Mitsubishi Heavy Industries Ltd., MVV Energie AG, Veolia Environnement SA, Waste Management Inc., and Wheelabrator Technologies Holdings Inc. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, market growth and forecasting, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, market growth analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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