Waste-to-Energy Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Waste-to-Energy Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



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 COVID-19 pandemic disrupted the financial system by uncertaining the operations of major industries, such as recycling waste and energy-generating industries. The solid waste management system met both opportunities and threats because of the spread of coronavirus. In response to the rising pressure of resource consumption and environmental impact, more attention was paid to uplifting the sustainability of the waste management system. Thus, the COVID-19 pandemic created hindrance for the waste to energy market growth.

The waste to energy market share globally has increased due to the increase in production of clean energy from waste. The increasing industrialization and urbanization are resulting in waste generation, environmental pressure, and carbon dioxide (CO2) emissions. The commercial and residential waste has also increased drastically, with global changes in life patterns of people. Waste to energy support in achieving the transformation to a sustainable energy ecosystem acting as an energy source to a design consideration of eco-industrial parks, a clean demand response option, and occasionally the helps for end-of-life waste treatment.

The trend is digitalization in waste management techniques to spur market opportunities. Strict government policies related to rising greenhouse gas emissions bring about the innovation of green technology to develop clean energy. Governments across the world are spending on renewable energy sources to trim down dependence on fossil fuels and harmonize the adoption of WtE technologies. In addition, favorable incentives and programs have been initiated to promote effective waste collection and processing, creating significant growth potential for the waste to energy industry.

Comprehensive Analysis of Waste to Energy Market

The waste to energy market and power & energy industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the power & energy industry. These segmentations are methodically segregated into waste type, technology, and application. The technology includes thermochemical and biochemical. The waste types contain municipal solid waste, process waste, agricultural waste, and others. However, the applications are electricity and heat.

The Asia Pacific region is conducive to the global waste to energy market, leading to a recall of USD 16.30 billion owing to increasing economic activities, resulting in increased waste production.

The top players in the market play a vital role in the power & energy industry assuring industrial prospectus growth and setting market standards. These players include Wheelabrator Technologies Inc. (New Hampshire), Huawei Enterprise (China), Veolia (France), China Everbright Limited (China), SUEZ (Paris), Covanta (U.S.), EDF (France), Ramboll Group (Denmark), AVR (Rotterdam-Botlek), Allseas (Switzerland), Attero (India), and Viridor (U.K.), these market players present a level-playing competitive landscape.

In June 2022, AVR decided to explore the possibility of locally managing its hazardous flue gas cleaning residues by partnering with Swedish company HaloSep AB. The HaloSep operation is a distinct solution that converts hazardous waste into harmless and useful snatches. Choosing HaloSep's solution would make AVR in Rotterdam more circular by improving material resources and dropping the plant's environmental footprint.

Segmentation Table

Global Waste to Energy Market Scope

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

Electricity

Heat

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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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions & Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Key Developments: Mergers, Acquisition etc.
4.3. Latest Technological Advancement
4.4. Insight on Regulatory Landscape
4.5. Porters Five Forces Analysis
4.6. Impact of COVID-19 on Waste to Energy Market
5. Global Waste to Energy Market Analysis (USD Billion), Insights, and Forecast, 2019-2032
5.1. Key Findings
5.2. Market Analysis, Insights and Forecast – By Technology
5.2.1. Thermo-chemical
5.2.2. Biochemical
5.3. Market Analysis, Insights and Forecast – By Waste Type
5.3.1. Municipal Solid Waste
5.3.2. Process Waste
5.3.3. Agriculture Waste
5.3.4. Others
5.4. Market Analysis, Insights and Forecast – By Application
5.4.1. Electricity
5.4.2. Heat
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America
5.5.5. Middle East & Africa
6. North America Waste to Energy Market Analysis (USD Billion), Insights, and Forecast, 2019-2032
6.1. Key Findings
6.2. Market Analysis, Insights and Forecast – By Technology
6.2.1. Thermo-chemical
6.2.2. Biochemical
6.3. Market Analysis, Insights and Forecast – By Waste Type
6.3.1. Municipal Solid Waste
6.3.2. Process Waste
6.3.3. Agriculture Waste
6.3.4. Others
6.4. Market Analysis, Insights and Forecast – By Application
6.4.1. Electricity
6.4.2. Heat
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. US Market Analysis, Insights and Forecast – By Application
6.5.1.1. Electricity
6.5.1.2. Heat
6.5.2. Canada Market Analysis, Insights and Forecast – By Application
6.5.2.1. Electricity
6.5.2.2. Heat
7. Europe Waste to Energy Market Analysis (USD Billion), Insights, and Forecast, 2019-2032
7.1. Key Findings
7.2. Market Analysis, Insights and Forecast – By Technology
7.2.1. Thermo-chemical
7.2.2. Biochemical
7.3. Market Analysis, Insights and Forecast – By Waste Type
7.3.1. Municipal Solid Waste
7.3.2. Process Waste
7.3.3. Agriculture Waste
7.3.4. Others
7.4. Market Analysis, Insights and Forecast – By Application
7.4.1. Electricity
7.4.2. Heat
7.5. Market Analysis, Insights and Forecast – By Country
7.5.1. UK Market Analysis, Insights and Forecast – By Application
7.5.1.1. Electricity
7.5.1.2. Heat
7.5.2. Germany Market Analysis, Insights and Forecast – By Application
7.5.2.1. Electricity
7.5.2.2. Heat
7.5.3. France Market Analysis, Insights and Forecast – By Application
7.5.3.1. Electricity
7.5.3.2. Heat
7.5.4. Italy Market Analysis, Insights and Forecast – By Application
7.5.4.1. Electricity
7.5.4.2. Heat
7.5.5. Spain Market Analysis, Insights and Forecast – By Application
7.5.5.1. Electricity
7.5.5.2. Heat
7.5.6. Russia Market Analysis, Insights and Forecast – By Application
7.5.6.1. Electricity
7.5.6.2. Heat
7.5.7. Rest of Europe Market Analysis, Insights and Forecast – By Application
7.5.7.1. Electricity
7.5.7.2. Heat
8. Asia Pacific Waste to Energy Market Analysis (USD Billion), Insights, and Forecast, 2019-2032
8.1. Key Findings
8.2. Market Analysis, Insights and Forecast – By Technology
8.2.1. Thermo-chemical
8.2.2. Biochemical
8.3. Market Analysis, Insights and Forecast – By Waste Type
8.3.1. Municipal Solid Waste
8.3.2. Process Waste
8.3.3. Agriculture Waste
8.3.4. Others
8.4. Market Analysis, Insights and Forecast – By Application
8.4.1. Electricity
8.4.2. Heat
8.5. Market Analysis, Insights and Forecast – By Country
8.5.1. China Market Analysis, Insights and Forecast – By Application
8.5.1.1. Electricity
8.5.1.2. Heat
8.5.2. India Market Analysis, Insights and Forecast – By Application
8.5.2.1. Electricity
8.5.2.2. Heat
8.5.3. Japan Market Analysis, Insights and Forecast – By Application
8.5.3.1. Electricity
8.5.3.2. Heat
8.5.4. Australia Market Analysis, Insights and Forecast – By Application
8.5.4.1. Electricity
8.5.4.2. Heat
8.5.5. South Korea Market Analysis, Insights and Forecast – By Application
8.5.5.1. Electricity
8.5.5.2. Heat
8.5.6. Southeast Asia Market Analysis, Insights and Forecast – By Application
8.5.6.1. Electricity
8.5.6.2. Heat
8.5.7. Rest of Asia Pacific Market Analysis, Insights and Forecast – By Application
8.5.7.1. Electricity
8.5.7.2. Heat
9. Latin America Waste to Energy Market Analysis (USD Billion), Insights, and Forecast, 2019-2032
9.1. Key Findings
9.2. Market Analysis, Insights and Forecast – By Technology
9.2.1. Thermo-chemical
9.2.2. Biochemical
9.3. Market Analysis, Insights and Forecast – By Waste Type
9.3.1. Municipal Solid Waste
9.3.2. Process Waste
9.3.3. Agriculture Waste
9.3.4. Others
9.4. Market Analysis, Insights and Forecast – By Application
9.4.1. Electricity
9.4.2. Heat
9.5. Market Analysis, Insights and Forecast – By Country
9.5.1. Brazil Market Analysis, Insights and Forecast – By Application
9.5.1.1. Electricity
9.5.1.2. Heat
9.5.2. Mexico Market Analysis, Insights and Forecast – By Application
9.5.2.1. Electricity
9.5.2.2. Heat
9.5.3. Rest of Latin America Market Analysis, Insights and Forecast – By Application
9.5.3.1. Electricity
9.5.3.2. Heat
10. Middle East & Africa Waste to Energy Market Analysis (USD Billion), Insights, and Forecast, 2019-2032
10.1. Key Findings
10.2. Market Analysis, Insights and Forecast – By Technology
10.2.1. Thermo-chemical
10.2.2. Biochemical
10.3. Market Analysis, Insights and Forecast – By Waste Type
10.3.1. Municipal Solid Waste
10.3.2. Process Waste
10.3.3. Agriculture Waste
10.3.4. Others
10.4. Market Analysis, Insights and Forecast – By Application
10.4.1. Electricity
10.4.2. Heat
10.5. Market Analysis, Insights and Forecast – By Country
10.5.1. GCC Market Analysis, Insights and Forecast – By Application
10.5.1.1. Electricity
10.5.1.2. Heat
10.5.2. South Africa Market Analysis, Insights and Forecast – By Application
10.5.2.1. Electricity
10.5.2.2. Heat
10.5.3. Rest of Middle East & Africa Market Analysis, Insights and Forecast – By Application
10.5.3.1. Electricity
10.5.3.2. Heat
11. Competitive Analysis
11.1. Company Market Share Analysis, 2023
11.2. Company Profile
11.2.1. Veolia
11.2.1.1. Business Overview
11.2.1.2. Product & Services
11.2.1.3. Recent Developments
11.2.1.4. Geographic Presence
11.2.1.5. Financials (Based on Availability)
11.2.2. Huawei Enterprise
11.2.2.1. Business Overview
11.2.2.2. Product & Services
11.2.2.3. Recent Developments
11.2.2.4. Geographic Presence
11.2.2.5. Financials (Based on Availability)
11.2.3. China Everbright Limited
11.2.3.1. Business Overview
11.2.3.2. Product & Services
11.2.3.3. Recent Developments
11.2.3.4. Geographic Presence
11.2.3.5. Financials (Based on Availability)
11.2.4. Covanta
11.2.4.1. Business Overview
11.2.4.2. Product & Services
11.2.4.3. Recent Developments
11.2.4.4. Geographic Presence
11.2.4.5. Financials (Based on Availability)
11.2.5. EDF
11.2.5.1. Business Overview
11.2.5.2. Product & Services
11.2.5.3. Recent Developments
11.2.5.4. Geographic Presence
11.2.5.5. Financials (Based on Availability)
11.2.6. SUEZ
11.2.6.1. Business Overview
11.2.6.2. Product & Services
11.2.6.3. Recent Developments
11.2.6.4. Geographic Presence
11.2.6.5. Financials (Based on Availability)
11.2.7. Ramboll
11.2.7.1. Business Overview
11.2.7.2. Product & Services
11.2.7.3. Recent Developments
11.2.7.4. Geographic Presence
11.2.7.5. Financials (Based on Availability)
11.2.8. Wheelabrator Technologies Inc.
11.2.8.1. Business Overview
11.2.8.2. Product & Services
11.2.8.3. Recent Developments
11.2.8.4. Geographic Presence
11.2.8.5. Financials (Based on Availability)
11.2.9. Allseas
11.2.9.1. Business Overview
11.2.9.2. Product & Services
11.2.9.3. Recent Developments
11.2.9.4. Geographic Presence
11.2.9.5. Financials (Based on Availability)
11.2.10. Attero
11.2.10.1. Business Overview
11.2.10.2. Product & Services
11.2.10.3. Recent Developments
11.2.10.4. Geographic Presence
11.2.10.5. Financials (Based on Availability)
11.2.11. Viridor
11.2.11.1. Business Overview
11.2.11.2. Product & Services
11.2.11.3. Recent Developments
11.2.11.4. Geographic Presence
11.2.11.5. Financials (Based on Availability)
11.2.12. AVR
11.2.12.1. Business Overview
11.2.12.2. Product & Services
11.2.12.3. Recent Developments
11.2.12.4. Geographic Presence
11.2.12.5. Financials (Based on Availability)

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