Waste to Energy Market Share, Size, Trends, Industry Analysis Report, By Waste Type (Municipal Solid Waste, Process Waste, Agriculture Waste, and Others); By Technology; By Application; By Region; Segment Forecast, 2023 - 2032

Waste to Energy Market Share, Size, Trends, Industry Analysis Report, By Waste Type (Municipal Solid Waste, Process Waste, Agriculture Waste, and Others); By Technology; By Application; By Region; Segment Forecast, 2023 - 2032

The global waste tenergy market size is expected treach USD 48.13 billion by 2032, according ta new study by Polaris Market Research. The report “Waste tEnergy Market Share, Size, Trends, Industry Analysis Report, By Waste Type (Municipal Solid Waste, Process Waste, Agriculture Waste, and Others); By Technology; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Waste-to-energy (WTE) is a process that turns waste intenergy, reducing the dependence on fossil fuels like coal for energy production. Tlessen their dependency on fossil fuels, nations all around the world are making investments in renewable energy sources. For instance, in January 2023, SAEL, an Indian solar and agricultural waste-to-energy startup, will get a USD 60.5 million investment from Norfund. By incorporating 100 MW of new biomass and 400 MW of additional solar power intits current 600 MW portfolio, the investment will assist SAEL in achieving its goal of increasing its renewable portfolit3 GW by 2028. The investment's main goal is taid New Delhi and the surrounding states in reducing air pollution, which gets worse as particulate matter in the air gets higher.

Also, in October 2022, the energy giant BP said that it has reached an agreement tbuy Archaea Energy, a US developer of renewable natural gas (RNG), for USD 4.1 billion tgrow its bioenergy business and extend its decarbonization goals. In addition, Canada has set a goal of reaching 90% of its energy from zero-emitting sources, by 2030. The target is tencourage the use of clean, renewable energy and tsignificantly reduce greenhouse gas emissions.

Moreover, favorable incentives and programs have been implemented in every region tencourage efficient garbage collection and processing, which has significantly increased the potential for the waste-to-energy sector. Countries like China, India, the U.S., and countries in the EU have implemented policies including feed-in tariffs, tax credits, and capital subsidies for waste-to-energy. In October 2022, according tthe Dubai Municipality, the largest waste-to-energy project in the world had 85% of its building work finished.

The world's most efficient energy project's first phase is expected tbe completed by 2023, and construction of the waste management center is progressing according tplan. By 2024, the full project is expected tbe completed. The Indian government is supporting waste-to-energy through a variety of subsidies and incentives since it sees it as a renewable technology. Therefore, government targets, programs, and investment in WTE are driving the growth of the market rapidly.

Additionally, technology alternatives for energy recovery from municipal and industrial waste are aggressively promoted by the Ministry of New and Renewable Energy (MNRE). More community involvement in waste collecting is made possible by the digitization of waste collection and trading of these sorted products. Waste management facilities equipped with a Programmable Logic Controller (PLC) and Supervisory Control and Data Acquisition (SCADA) monitoring system could be automatically monitored and controlled from a centralized control station tassure effectiveness and less manual work. As a result, the use of digital technologies in garbage collection and disposal processes will not only supply information but alsenhance data quality and give process operators better insights inta waste stream.

Waste tEnergy Market Report Highlights

The biological segment is anticipated tgrow at a high CAGR over the forecast period. Environmental concerns and the rising need for cleaner vehicle fuels, like biogas, in the transportation sector can be linked tthe biological segment's future growth.

The heat segment accounted for highest global revenue share. In both domestic and commercial settings, the creation of heat from waste is frequently used for various heating purposes.

North America is expected tgrow rapidly over the projected period due tthe governments having been compelled tcreate strict restrictions prohibiting the landfilling of MSW as a result of rising home and industrial garbage.

The global players include Abu Dhabi National Energy Company, China Everbright International, Hitachi Zosen Inova, Keppel Corporation, Ramboll Group, & Xcel Energy.

Polaris Market Research has segmented the waste tenergy market report based on technology, waste type, application, and region:

Waste tEnergy, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

Thermal

Incineration

Pyrolysis

Gasification

Biological

Others

Waste tEnergy, Waste Type Outlook (Revenue - USD Billion, 2019 - 2032)

Municipal Solid Waste

Process Waste

Agriculture Waste

Others

Waste tEnergy, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Electricity

Heat

Waste tEnergy, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa