Saudi Arabia Waste to Energy (WtE) Market, By Technology (Thermochemical, Biochemical, Others); By Waste Type (Municipal Solid Waste, Process Waste, Agriculture Waste, Others); By Application (Electricity, Heat), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
Saudi Arabia Waste to Energy (WtE) Market Size Expands at Electrifying CAGR of 6.03% to Touch USD 372 Million by 2030
Saudi Arabia Waste to Energy (WtE) Market is flourishing because of the growing population, rapid urbanization and industrialization, and rising consumption levels increase in municipal solid waste (MSW) driving the need for alternative waste management strategies.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia Waste to Energy (WtE) Market size at USD 286.38 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Saudi Arabia Waste to Energy (WtE) Market size to expand at a CAGR of 6.03% reaching a value of USD 371.83 million by 2030. Strict government laws and policies that support appropriate waste management and disposal in the Kingdom and satisfy the rising energy needs of the major end user sectors are significant growth drivers for Saudi Arabian Waste to Energy (WtE) Market. Additionally, the market is expanding due to rising municipal solid waste levels caused by population increase.
Opportunity - Increasing private-public investments
The stringent government policies for efficient waste management in Saudi Arabia is significantly attracting investments from both public and private industry players. For instance, Sadara, a Saudi Arabia-based company, and Veolia, a France-based company, signed a memorandum of understanding (MoU) in 2018 to build a sustainable utility plant in the industrial city of Jubail. The goal of the plant is to produce industrial steam, cooled water, and compressed air from the incineration of industrial waste. SIRC has stated that it will invest in waste to energy (WtE) plants to contribute to the country's target of generating 3GW of WtE capacity by 2030. One of the primary goals of the agreement is to make WtE more economical.
Saudi Arabia Waste to Energy (WtE) Market
Segmental Coverage
Saudi Arabia Waste to Energy (WtE) Market – By Application
Based on application, Saudi Arabia Waste to Energy (WtE) Market is segmented into electricity and heat. The electricity segment dominates the Saudi Arabia Waste to Energy (WtE) Market by application. The rising focus on sustainability and reducing CO2 emissions and the rising demand for clean energy directly influence the growth of the segment. Furthermore, increasing demand for electricity from major end users in the region due to rapid economic growth is also driving the waste to electricity (WtE) which is driving the market. However, the heat segment also covers a major market owing to its high demand from the residential and industrial sectors.
Competitive Landscape
Major players operating in Saudi Arabia Waste to Energy (WtE) Market include Sembcorp Industries, Abu Dhabi National Energy Company PJSC (TAQA), Veolia Environnement S.A., Hitachi Zosen Corporation, Babcock & Wilcox, Masdar, Abengoa, BEE'AH BEE'AH Group, Suez Environnement Company, and Ramboll. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and opportunities in Saudi Arabia Waste to Energy (WtE) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Waste to Energy (WtE) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Saudi Arabia Waste to Energy (WtE) Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Saudi Arabia's Population Growth and Rising Consumption Levels Increase in Municipal Solid Waste (MSW).
- 3.2.1.2. WtE Plants can Contribute to Diversification by Generating Clean Energy from Waste.
- 3.2.1.3. Existing Landfills are Nearing Capacity, Prompting the Need for Alternative Waste Management Strategies
- 3.2.1.4. Government Vision 2030 Prioritizes Waste Reduction and Sustainable Energy Development
- 3.2.2. Restraints
- 3.2.2.1. Establishing WtE Plants Requires Substantial Investments in Advanced Technology and Infrastructure.
- 3.2.2.2. Concerns Around Air Pollution Emissions and Ash Management
- 3.2.2.3. Lack of Waste Segregation
- 3.2.3. Opportunities
- 3.2.3.1. Technological Advancements
- 3.2.3.2. WtE Plants Contribute to Reducing Greenhouse Gas Emissions, making them Attractive in the Carbon Credit Market.
- 3.2.3.3. Collaboration between the Government and Private Sector
- 3.2.4. Challenges
- 3.2.4.1. Competition from Existing Landfills
- 3.2.4.2. Grid Connection Challenges
- 3.2.4.3. Skilled Labor Shortage
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Saudi Arabia Waste to Energy (WtE) Market: Marketing Strategies
- 5. Saudi Arabia Waste to Energy (WtE) Market Overview
- 5.1. Market Size & Forecast, 2019–2030
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Technology
- 5.2.1.1. Thermochemical
- 5.2.1.1.1. Incineration
- 5.2.1.1.2. Pyrolysis
- 5.2.1.1.3. Gasification
- 5.2.1.2. Biochemical
- 5.2.1.3. Others
- 5.2.2. By Waste Type
- 5.2.2.1. Municipal Solid Waste
- 5.2.2.2. Process Waste
- 5.2.2.3. Agriculture Waste
- 5.2.2.4. Others
- 5.2.3. By Application
- 5.2.3.1. Electricity
- 5.2.3.2. Heat
- 6. Competitive Landscape
- 6.1. List of Key Players and Their Offerings
- 6.2. Saudi Arabia Waste to Energy (WtE) Company Market Share Analysis, 2023
- 6.3. Competitive Benchmarking, By Operating Parameters
- 6.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 7. Impact of Escalating Geopolitical Tensions on Saudi Arabia Waste to Energy (WtE) Market
- 8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 8.1. Sembcorp Industries
- 8.2. Abu Dhabi National Energy Company PJSC (TAQA)
- 8.3. Veolia Environment S.A.
- 8.4. Hitachi Zosen Corporation
- 8.5. Babcock & Wilcox
- 8.6. Masdar
- 8.7. Abengoa
- 8.8. BEEAH Group
- 8.9. Suez Environnement Company
- 8.10. Ramboll
- 8.11. Other Prominent Players
- 9. Key Strategic Recommendations
- 10. Research Methodology
- 10.1. Qualitative Research
- 10.1.1. Primary & Secondary Research
- 10.2. Quantitative Research
- 10.3. Market Breakdown & Data Triangulation
- 10.3.1. Secondary Research
- 10.3.2. Primary Research
- 10.4. Breakdown of Primary Research Respondents, By Region
- 10.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 Saudi Arabia Waste to Energy (WtE) Segmentation
- Figure 2 Saudi Arabia Waste to Energy (WtE) Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Saudi Arabia Waste to Energy (WtE) Market Share, By Technology, By Value (USD Million), 2019–2030
- Figure 5 Saudi Arabia Waste to Energy (WtE) Market Share, By Waste Type, By Value, 2019–2030
- Figure 6 Saudi Arabia Waste to Energy (WtE) Market Share, By Application, By Value, 2019–2030
- List of Tables
- Table 1 Saudi Arabia Waste to Energy (WtE) Market Share, By Technology, By Value (USD Million), 2019–2030
- Table 2 Saudi Arabia Waste to Energy (WtE) Market Share, By Waste Type, By Value, 2019–2030
- Table 3 Saudi Arabia Waste to Energy (WtE) Market Share, By Application, By Value, 2019–2030
- Table 4 Sembcorp Industries Company Overview
- Table 5 Sembcorp Industries Financial Overview
- Table 6 Abu Dhabi National Energy Company PJSC (TAQA) Company Overview
- Table 7 Abu Dhabi National Energy Company PJSC (TAQA) Financial Overview
- Table 8 Veolia Environment S.A. Company Overview
- Table 9 Veolia Environment S.A. Financial Overview
- Table 10 Hitachi Zosen Corporation Company Overview
- Table 11 Hitachi Zosen Corporation Financial Overview
- Table 12 Babcock & Wilcox Company Overview
- Table 13 Babcock & Wilcox Financial Overview
- Table 14 Masdar Company Overview
- Table 15 Masdar Financial Overview
- Table 16 Abengoa Company Overview
- Table 17 Abengoa Financial Overview
- Table 18 BEEAH Group Company Overview
- Table 19 BEEAH Group Financial Overview
- Table 20 Suez Environnement Company: Company Overview
- Table 21 Suez Environnement Company Financial Overview
- Table 22 Ramboll Company Overview
- Table 23 Ramboll Financial Overview
- Table 24 Other Prominent Players Company Overview
- Table 25 Other Prominent Players Financial Overview
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