Waste-to-Energy Market by Waste Type (Liquid-Waste, Solid-Waste), Process (Anaerobic Digestion, Depolymerization, Gasification), Deployment, Application - Global Forecast 2024-2030

Waste-to-Energy Market by Waste Type (Liquid-Waste, Solid-Waste), Process (Anaerobic Digestion, Depolymerization, Gasification), Deployment, Application - Global Forecast 2024-2030

The Waste-to-Energy Market size was estimated at USD 49.87 billion in 2023 and expected to reach USD 54.70 billion in 2024, at a CAGR 11.77% to reach USD 108.73 billion by 2030.

Waste-to-Energy is the process to generate energy in the form of electricity and heat from the primary waste treatment. Waste-to-energy is the sustainable option for landfills for waste disposal, as it takes non-hazardous waste and processes it using various technologies, including biological & thermal, to produce electricity. Increasing electricity demand from residential & commercial sectors, reduction of greenhouse gas emissions by waste-to-energy technologies, and government initiative & financial schemes encouraging energy production from waste. The high implementation, operating & maintenance costs of incinerators are affecting the deployment of waste-to-energy plants. Moreover, the emerging projects and new advanced Waste-to-Energy technologies such as hydrothermal carbonization (HTC) fast-track the slow process of geothermal conversion of wet waste with an acid catalyst at high pressure and heat.

Regional Insights

The European region has a large infrastructure framework in waste-to-energy facilities, with commitments of most European countries to reduce greenhouse gas (GHG) emissions. Emerging players in the regions are supported by government initiatives to develop new technologies and establish sustainable waste management infrastructure by incorporating Waste-to-Energy technologies. For instance, Copenhagen's (Denmark) latest projects include an incinerator that functions as a ski slope and a waste-to-energy (WTE) education center for its citizens, utilizing 54% of waste to create heat and electricity using incinerators. Several market players are expanding Waste-to-Energy generation facilities in the Middle East and Africa region, particularly in the oil & gas industry. The Asia-Pacific region is expected to record exponential growth in the Waste-to-Energy market due to different types of waste availability and its energy generation potential across India and China. Market players in the Asia-Pacific region are attracting huge investments to indulge in research and development activities to enhance the economic viability of energy recovery from waste materials. The Americas witnessed a strong presence of established market players focused on energy generation from organic wastes from industrial operations such as food & beverage manufacturing, biodiesel production, integrated biorefineries, and pharmaceuticals. Additionally, government support for converting waste to energy from commercial, institutional, and residential waste enhances regional market growth.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Waste-to-Energy Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing energy demand from residential and commercial sectors and growing focus towards renewable energy
• Governments initiatives and financial schemes to encourage production of energy from wastes

Market Restraints

• High ownership cost associated with waste-to-energy plant setup

Market Opportunities

• Emergence of technologically automated & advanced waste-to-energy solutions and systems
• Increasing investments in the new waste-to-energy facilities

Market Challenges

• Rising concerns related to the environmental hazards and unregulated waste trade of the waste-to-energy

Market Segmentation Analysis

• Waste Type: Rising potential of converting liquid waste into energy
• Application: Growing applications of waste-to-energy solutions for electricity generation

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Waste-to-Energy Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Waste-to-Energy Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Decarbonization: Veolia Becomes the Operator of Turkey's First Waste-to-Energy Production Site

Veolia, an international operator of environmental solutions, opened Turkey's first waste-to-energy production site. This is an important milestone in the country's decarbonization journey as it offers a sustainable and efficient way of producing energy while also helping to address issues related to waste management. The new facility can convert 6,000 tons of domestic waste every year into energy, which is equivalent to the electricity required for more than 7,000 households. This process eliminates the need for burning fossil fuels and helps reduce greenhouse gas emissions from landfills by up to 90%. In addition, the facility produce valuable byproducts such as biochar that can be used to improve soil quality and even generate additional revenue.

Mitsubishi Heavy Industries Power IDS Receives Order for Renovation Project to Upgrade and Enhance Power Output of Steam Turbine Generation Equipment at Waste Incineration Plant in Taiwan

The waste-to-energy market is undergoing a major transformation, driven by a combination of technological advancement, deregulation of energy markets, and the increasing appeal of renewable energy sources among consumers. The Mitsubishi Heavy Industries (MHI) Group is playing an important role in this shift towards sustainability with its innovative waste-to-energy solutions. MHI's high-efficiency incineration systems boast low running costs, emissions that meet the strictest environmental standards, and advanced recycling capabilities. Furthermore, MHI’s ‘Hybrid Power Plant Solution’ combines traditional thermal power generation technology with renewable energy sources to create clean electricity from nonhazardous solid waste. This solution is helping customers lower their greenhouse gas emissions while generating cost savings through optimal utilization of existing infrastructure.

Toyota Tsusho to Participated in Second Wind Power IPP Project in Egypt - Contributing to the Further Expansion of Renewable Energy in the Country

Toyota Tsusho Corporation participates in a project that turns waste into energy and other resources for their Green Initiative. This project involves sourcing and managing local resources to create a unique business model, taking into account the environment, sustainability, and of course, the financial viability of the project. In addition to this initiative, they are also looking at ways to reduce their emissions by investing in renewable energy technology. This demonstrates Toyota Tsusho Corporation's commitment to creating sustainable solutions in the Waste-to-Energy market which is encouraging news for all stakeholders involved.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Waste-to-Energy Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Waste-to-Energy Market, highlighting leading vendors and their innovative profiles. These include Abellon CleanEnergy Limited, Amandus Kahl GmbH & Co. KG, ANDRITZ AG, Arrow Ecology & Engineering Overseas (1999) Ltd ., Attero, AVR-Afvalverwerking B.V., Axpo Holding AG, Babcock & Wilcox Enterprises, Inc., China Everbright Limited, CNIM Group, Cortus Energy AB, Covanta Holding Corp., Doosan Lentjes GmbH, Ebara Corporation, EEW Energy from Waste GmbH, Electricité de France, Emery Energy Company, Ener-Core, Inc., Energos AS, ENERKEM Inc., Evoqua Water Technologies LLC, Flex Energy Solutions, Fortum Corporation, GCL Technology Holdings Limited, Grandblue Environment Co., Ltd., Hitachi Zosen Corporation, Intouch Monitoring Limited, JFE Engineering Corporation, Kawasaki Heavy Industries Ltd., Keppel Corporation Limited, Klean Industries Inc, LanzaTech Global, Inc., MAN Energy Solutions SE, MARTIN GmbH für Umwelt- und Energietechnik, Mitsubishi Heavy Industries, Ltd., Ramboll Group A/S, SUEZ SA, SUTCO UK Ltd., Tana Oy, Terragon Environmental Technologies Inc., Vanguard Renewables, Veolia Environnement SA, Viridor Limited, Waste Management, Inc., Wheelabrator Technologies by Norican Group, Xcel Energy Inc., and Zheneng Jinjiang Environment Holding Company Limited.

Market Segmentation & Coverage

This research report categorizes the Waste-to-Energy Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Waste Type
• Liquid-Waste
• Solid-Waste
• Process
• Anaerobic Digestion
• Depolymerization
• Gasification
• Hydrothermal Carbonization
• Plasma Gasification
• Pyrolysis
• Deployment
• Private
• Public
• Application
• Electricity
• Transport Fuels
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year