Waste-to-Energy Market
Growth Factors of Waste-to-Energy Market
The waste-to-energy market size was valued at USD 34.50 billion in 2023, and the market is now projected to grow from USD 35.84 billion in 2024 to USD 50.92 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period of 2024-2032.
The impact of COVID-19 affected the recycling and energy generating industries. Sustainability also remained a consideration within the solid waste management sector, as did the opportunities and threats present in the business environment. The eight millennium development goals highlighted re new energy, efficient management of municipal solid waste, as well as managing waste through recycling and reuse. The achievement of these goals requires sustainable development in waste to energy (WtE) and waste to material (WTM) sectors.
Grow thing industries, urbanization and economic development are correlated with the elevated level of wastes, threat to the environment and CO2 emissions. Waste-to-energy (WtE) has the potential of allowing country’s energy transition successfully by minimizing greenhouse gas emissions. It is used as source of clean energy, fits into the designs of an eco-industrial park and is sustainable in the management of post-use waste. In addition, the WtE solution also offers consumers the possibility to switch to cleaner energy utilization as a form of demand response.
High-level political regulations towards increasing greenhouse gas emissions remain a fundamental force for the invention of green technologies in the development of clean energy. Bureaus are funding renewable energy, and using Waste to Energy or WtE technologies to cut back its use of fossil fuels. Positive incentives and policies for proper waste collection and disposal are driving considerable growth in the WtE market. Challenges that exist in recycling and upcycling waste include developing sorted, homogeneous waste streams at the point of generation, provide opportunities for distributed policies.
Comprehensive Analysis of Waste-to-Energy Market
The waste-to-energy market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by technology analysis, by waste type analysis, and by application analysis. By technology analysis include biochemical and thermochemical. By waste type analysis include municipal solid waste, process waste, agricultural waste, and others. By application analysis include electricity and heat.
The Asia Pacific region lead the waste-to-energy market share by benefitting a market size of USD 16.30 billion in 2023 due to increasing economic activities.
The top players in the markets have a central responsibility in the power & energy industry to be sure of industrial prospectus development and to establish the market norms. These players include, Veolia, Huawei Enterprise, China Everbright Limited, Wheelabrator Technologies Inc., SUEZ, Covanta, EDF, Ramboll Group, AVR, Allseas, Attero, Viridor these market players provide a level-playing competitive landscape.
In June 2022, AVR partnered with HaloSep AB to explore managing hazardous flue gas residues locally, aiming to make its Rotterdam plant more circular and eco-friendly.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 4.5% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Technology
- Thermochemical
- Biochemical
By Waste Type
- Municipal Solid Waste
- Process Waste
- Agriculture Waste
- Others
By Application
By Region
- North America (By Technology, By Waste Type, By Application, and by Country)
- U.S. (By Application)
- Canada (By Application)
- Europe (By Technology, By Waste Type, By Application, and by Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Russia (By Application)
- Rest of Europe (By Application)
- Asia Pacific (By Technology, By Waste Type, By Application, and by Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- Australia (By Application)
- South Korea (By Application)
- Southeast Asia (By Application)
- Rest of Asia Pacific (By Application)
- Latin America (By Technology, By Waste Type, By Application, and by Country)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
- Middle East & Africa (By Technology, By Waste Type, By Application, and by Country)
- GCC (By Application)
- South Africa (By Application)
- Rest of Middle East & Africa (By Application)
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