Global Waste to Energy Market
Description
MARKET SCOPE:
The global Waste to Energy market is projected to grow significantly, registering a CAGR of 8.1% during the forecast period (2024 – 2032).
Waste-to-Energy (WtE) refers to the process of generating energy, typically in the form of electricity or heat, by converting various types of waste materials into usable energy. This approach involves the utilization of different technologies to extract energy from waste that would otherwise be disposed of in landfills. The primary objective of waste-to-energy is to recover energy from waste streams while minimizing environmental impacts and promoting sustainable waste management practices. With increasing urbanization and population growth, there is a growing need for sustainable waste management solutions. Waste-to-energy provides a means to reduce the volume of waste sent to landfills and extract value from waste materials. The demand for renewable and sustainable energy sources has driven interest in waste-to-energy projects. The ability to generate electricity or heat from waste materials contributes to the diversification of the energy mix. Waste-to-energy projects help mitigate greenhouse gas emissions by capturing and utilizing gases produced during waste decomposition. This aligns with climate change mitigation efforts. Waste-to-energy aligns with the principles of a circular economy, where waste is considered a resource that can be utilized for energy production, contributing to a more closed-loop and sustainable system. Many governments worldwide have implemented policies and incentives to promote waste-to-energy projects. These measures aim to address waste management challenges, reduce landfill use, and encourage the adoption of renewable energy sources.
MARKET OVERVIEW:
Driver: Increasing integration with other technologies is driving the market growth.
Integration with other renewable energy technologies, such as solar or wind, can create hybrid energy systems that enhance overall energy production and grid stability. Combining different renewable energy sources increases overall energy production. Waste-to-energy facilities, which can provide baseload or dispatchable power, complement intermittent sources like solar and wind, resulting in a more stable and reliable energy supply. Hybrid systems that incorporate waste-to-energy, solar, and wind help improve grid stability. The continuous and controllable nature of waste-to-energy generation can compensate for the variability inherent in solar and wind energy production, contributing to a more balanced and reliable grid. By combining various renewable sources, the hybrid system can optimize the use of available resources. For instance, waste-to-energy facilities can operate continuously, providing a constant power output, while solar and wind resources contribute during peak periods or when waste feedstock is limited. Integrating waste-to-energy with other renewables reduces reliance on conventional fossil fuel-based power generation. This shift contributes to a lower carbon footprint and supports the transition to a more sustainable and environmentally friendly energy mix. Diversifying the energy mix through hybrid systems enhances energy security. The combination of different renewable sources ensures a more resilient energy infrastructure, reducing vulnerability to disruptions in any single energy generation component.
Opportunities: Growing need for reducing greenhouse gas emissions is anticipated for the market growth in the upcoming years
Waste-to-energy projects can help reduce greenhouse gas emissions by capturing and utilizing the methane produced during the decomposition of organic waste in landfills. Organic waste in landfills undergoes anaerobic decomposition, producing methane gas. Methane is a greenhouse gas with a much higher global warming potential than carbon dioxide. Instead of allowing methane to be released into the atmosphere, waste-to-energy projects capture and utilize this gas. In certain waste-to-energy processes, such as anaerobic digestion, organic waste is broken down by microorganisms in the absence of oxygen. This process produces biogas, which is a mixture of methane and carbon dioxide. The captured biogas can be used as a renewable energy source for electricity generation or as a fuel for various applications. Landfill gas, which includes methane, can be collected from landfills through gas collection systems. Landfill gas-to-energy projects involve capturing this gas and converting it into electricity or heat. This not only prevents the release of methane into the atmosphere but also turns it into a useful and cleaner energy resource. By diverting organic waste from landfills and treating it in waste-to-energy facilities, the overall methane emissions associated with the decomposition of organic waste are significantly reduced. This helps address environmental concerns related to the impact of methane on climate change.
COVID IMPACT:
The COVID-19 pandemic has had various impacts on industries globally, and the waste-to-energy (Waste to Energy) sector is no exception. The extent of the impact can vary based on factors such as regional responses to the pandemic, the stage of development of Waste to Energy projects, and the overall waste management landscape. Lockdowns, restrictions on movement, and changes in consumer behavior during the pandemic led to disruptions in waste generation patterns. Fluctuations in the types and volumes of waste generated can affect the planning and operation of waste-to-energy facilities. The composition of municipal solid waste may have changed during the pandemic, with an increase in household waste due to more people staying at home. This shift in waste composition can influence the efficiency and processing requirements of waste-to-energy facilities. The waste-to-energy sector relies on the steady supply of waste materials. Disruptions in waste collection services or changes in waste management practices during the pandemic may have affected the availability and quality of feedstock for Waste to Energy facilities. Waste to Energy projects under construction or in the planning stages may have experienced delays due to disruptions in the supply chain, workforce shortages, and restrictions on construction activities imposed to curb the spread of the virus. Existing waste-to-energy facilities may have faced operational challenges, including workforce constraints, changes in maintenance schedules, and adjustments in waste intake procedures to comply with health and safety protocols. Economic uncertainties during the pandemic may have affected the financial viability of waste-to-energy projects. Financing challenges and uncertainties about waste volumes and composition can impact project economics. Governments may have shifted priorities and budgets in response to the immediate needs of the pandemic, potentially affecting funding and support for waste-to-energy initiatives.
SEGMENTATION ANALYSIS:
Thermal segment is anticipated to grow significantly during the forecast period
The thermal waste-to-energy market involves the conversion of waste materials into heat or electricity through thermal processes. Thermal technologies, such as incineration and gasification, play a significant role in this sector. The waste-to-energy market, including thermal approaches, has been gaining attention globally as a solution for waste management and a source of renewable energy. Incineration is a widely used thermal technology in waste-to-energy. It involves burning waste at high temperatures, converting it into heat energy. The heat can be used directly for district heating or to generate steam for electricity production. Gasification is another thermal process that converts waste into syngas, a mixture of carbon monoxide, hydrogen, and methane. The syngas can be used for electricity generation or as a feedstock to produce biofuels and chemicals. The global waste-to-energy market, including thermal technologies, has experienced steady growth due to the increasing need for sustainable waste management solutions and the growing demand for renewable energy. Rising waste generation, limited landfill space, and environmental concerns have driven the adoption of waste-to-energy solutions. Thermal technologies provide a means to reduce the volume of waste and recover energy from it. Thermal waste-to-energy processes are designed to recover energy from the combustion or gasification of waste materials. This recovered energy is often used for electricity generation, district heating, or industrial processes. Ongoing advancements in thermal technologies aim to improve the efficiency of waste-to-energy processes, optimizing energy recovery and minimizing environmental impacts.
REGIONAL ANALYSIS:
The Asia Pacific region is set to witness significant growth during the forecast period.
Waste-to-energy (Waste to Energy) is a process that involves converting various types of waste into energy, typically in the form of electricity or heat. In the Asia Pacific region, waste-to-energy solutions have gained attention due to the growing challenges associated with waste management, urbanization, and the increasing demand for sustainable energy sources. Many countries in the Asia Pacific region, particularly those with rapidly growing economies and urban populations, are facing increased waste generation. Proper waste management becomes crucial to address environmental concerns and public health issues. The Asia Pacific region has a significant and growing demand for energy. Waste-to-energy projects offer a dual benefit by addressing waste issues and contributing to the energy supply, thereby enhancing energy security. Urban areas in the Asia Pacific region often experience challenges related to space for landfilling and increasing pollution. Waste-to-energy facilities can help manage urban waste while minimizing the environmental impact. Several countries in the Asia Pacific have recognized the potential of waste-to-energy in their energy and waste management policies. Governments have initiated programs to encourage the development of waste-to-energy projects through incentives, regulations, and public-private partnerships. Advances in waste-to-energy technologies, including incineration, anaerobic digestion, and gasification, have made these processes more efficient and environmentally friendly. This contributes to the viability and acceptance of waste-to-energy solutions in the region. Some countries in the Asia Pacific are adopting circular economy strategies, where waste is considered a resource that can be used to generate energy. Waste-to-energy aligns with these strategies by extracting value from waste materials.
COMPETITIVE ANALYSIS
The global Waste to Energy market is reasonably competitive with mergers, acquisitions, and product launches. See some of the major key players in the market.
Mitsubishi Heavy Industries Ltd.
A2A SpA
Veolia Environnement SA
Hitachi Zosen Corp
MVV Energie AG
Martin GmbH
Babcock & Wilcox Enterprises Inc.
China Jinjiang Environment Holding Co. Ltd
Suez Group
Xcel Energy Inc.
Wheelabrator Technologies Holdings Inc.
Covanta Holding Corp.
China Everbright Group
SCOPE OF THE REPORT
By Technology
It provides a technological development map over time to understand the industry’s growth rate and indicates how the Waste to Energy market is evolving.
The report offers a dynamic method to various factors that drive or restrain the growth of the market and specifies which Waste to Energy submarket will be the main driver of the overall market from 2024 to 2032.
It renders a definite analysis of changing competitive dynamics and stipulates the leading players and what are their prospects over the forecast period.
It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032.
The global Waste to Energy market is projected to grow significantly, registering a CAGR of 8.1% during the forecast period (2024 – 2032).
Waste-to-Energy (WtE) refers to the process of generating energy, typically in the form of electricity or heat, by converting various types of waste materials into usable energy. This approach involves the utilization of different technologies to extract energy from waste that would otherwise be disposed of in landfills. The primary objective of waste-to-energy is to recover energy from waste streams while minimizing environmental impacts and promoting sustainable waste management practices. With increasing urbanization and population growth, there is a growing need for sustainable waste management solutions. Waste-to-energy provides a means to reduce the volume of waste sent to landfills and extract value from waste materials. The demand for renewable and sustainable energy sources has driven interest in waste-to-energy projects. The ability to generate electricity or heat from waste materials contributes to the diversification of the energy mix. Waste-to-energy projects help mitigate greenhouse gas emissions by capturing and utilizing gases produced during waste decomposition. This aligns with climate change mitigation efforts. Waste-to-energy aligns with the principles of a circular economy, where waste is considered a resource that can be utilized for energy production, contributing to a more closed-loop and sustainable system. Many governments worldwide have implemented policies and incentives to promote waste-to-energy projects. These measures aim to address waste management challenges, reduce landfill use, and encourage the adoption of renewable energy sources.
MARKET OVERVIEW:
Driver: Increasing integration with other technologies is driving the market growth.
Integration with other renewable energy technologies, such as solar or wind, can create hybrid energy systems that enhance overall energy production and grid stability. Combining different renewable energy sources increases overall energy production. Waste-to-energy facilities, which can provide baseload or dispatchable power, complement intermittent sources like solar and wind, resulting in a more stable and reliable energy supply. Hybrid systems that incorporate waste-to-energy, solar, and wind help improve grid stability. The continuous and controllable nature of waste-to-energy generation can compensate for the variability inherent in solar and wind energy production, contributing to a more balanced and reliable grid. By combining various renewable sources, the hybrid system can optimize the use of available resources. For instance, waste-to-energy facilities can operate continuously, providing a constant power output, while solar and wind resources contribute during peak periods or when waste feedstock is limited. Integrating waste-to-energy with other renewables reduces reliance on conventional fossil fuel-based power generation. This shift contributes to a lower carbon footprint and supports the transition to a more sustainable and environmentally friendly energy mix. Diversifying the energy mix through hybrid systems enhances energy security. The combination of different renewable sources ensures a more resilient energy infrastructure, reducing vulnerability to disruptions in any single energy generation component.
Opportunities: Growing need for reducing greenhouse gas emissions is anticipated for the market growth in the upcoming years
Waste-to-energy projects can help reduce greenhouse gas emissions by capturing and utilizing the methane produced during the decomposition of organic waste in landfills. Organic waste in landfills undergoes anaerobic decomposition, producing methane gas. Methane is a greenhouse gas with a much higher global warming potential than carbon dioxide. Instead of allowing methane to be released into the atmosphere, waste-to-energy projects capture and utilize this gas. In certain waste-to-energy processes, such as anaerobic digestion, organic waste is broken down by microorganisms in the absence of oxygen. This process produces biogas, which is a mixture of methane and carbon dioxide. The captured biogas can be used as a renewable energy source for electricity generation or as a fuel for various applications. Landfill gas, which includes methane, can be collected from landfills through gas collection systems. Landfill gas-to-energy projects involve capturing this gas and converting it into electricity or heat. This not only prevents the release of methane into the atmosphere but also turns it into a useful and cleaner energy resource. By diverting organic waste from landfills and treating it in waste-to-energy facilities, the overall methane emissions associated with the decomposition of organic waste are significantly reduced. This helps address environmental concerns related to the impact of methane on climate change.
COVID IMPACT:
The COVID-19 pandemic has had various impacts on industries globally, and the waste-to-energy (Waste to Energy) sector is no exception. The extent of the impact can vary based on factors such as regional responses to the pandemic, the stage of development of Waste to Energy projects, and the overall waste management landscape. Lockdowns, restrictions on movement, and changes in consumer behavior during the pandemic led to disruptions in waste generation patterns. Fluctuations in the types and volumes of waste generated can affect the planning and operation of waste-to-energy facilities. The composition of municipal solid waste may have changed during the pandemic, with an increase in household waste due to more people staying at home. This shift in waste composition can influence the efficiency and processing requirements of waste-to-energy facilities. The waste-to-energy sector relies on the steady supply of waste materials. Disruptions in waste collection services or changes in waste management practices during the pandemic may have affected the availability and quality of feedstock for Waste to Energy facilities. Waste to Energy projects under construction or in the planning stages may have experienced delays due to disruptions in the supply chain, workforce shortages, and restrictions on construction activities imposed to curb the spread of the virus. Existing waste-to-energy facilities may have faced operational challenges, including workforce constraints, changes in maintenance schedules, and adjustments in waste intake procedures to comply with health and safety protocols. Economic uncertainties during the pandemic may have affected the financial viability of waste-to-energy projects. Financing challenges and uncertainties about waste volumes and composition can impact project economics. Governments may have shifted priorities and budgets in response to the immediate needs of the pandemic, potentially affecting funding and support for waste-to-energy initiatives.
SEGMENTATION ANALYSIS:
Thermal segment is anticipated to grow significantly during the forecast period
The thermal waste-to-energy market involves the conversion of waste materials into heat or electricity through thermal processes. Thermal technologies, such as incineration and gasification, play a significant role in this sector. The waste-to-energy market, including thermal approaches, has been gaining attention globally as a solution for waste management and a source of renewable energy. Incineration is a widely used thermal technology in waste-to-energy. It involves burning waste at high temperatures, converting it into heat energy. The heat can be used directly for district heating or to generate steam for electricity production. Gasification is another thermal process that converts waste into syngas, a mixture of carbon monoxide, hydrogen, and methane. The syngas can be used for electricity generation or as a feedstock to produce biofuels and chemicals. The global waste-to-energy market, including thermal technologies, has experienced steady growth due to the increasing need for sustainable waste management solutions and the growing demand for renewable energy. Rising waste generation, limited landfill space, and environmental concerns have driven the adoption of waste-to-energy solutions. Thermal technologies provide a means to reduce the volume of waste and recover energy from it. Thermal waste-to-energy processes are designed to recover energy from the combustion or gasification of waste materials. This recovered energy is often used for electricity generation, district heating, or industrial processes. Ongoing advancements in thermal technologies aim to improve the efficiency of waste-to-energy processes, optimizing energy recovery and minimizing environmental impacts.
REGIONAL ANALYSIS:
The Asia Pacific region is set to witness significant growth during the forecast period.
Waste-to-energy (Waste to Energy) is a process that involves converting various types of waste into energy, typically in the form of electricity or heat. In the Asia Pacific region, waste-to-energy solutions have gained attention due to the growing challenges associated with waste management, urbanization, and the increasing demand for sustainable energy sources. Many countries in the Asia Pacific region, particularly those with rapidly growing economies and urban populations, are facing increased waste generation. Proper waste management becomes crucial to address environmental concerns and public health issues. The Asia Pacific region has a significant and growing demand for energy. Waste-to-energy projects offer a dual benefit by addressing waste issues and contributing to the energy supply, thereby enhancing energy security. Urban areas in the Asia Pacific region often experience challenges related to space for landfilling and increasing pollution. Waste-to-energy facilities can help manage urban waste while minimizing the environmental impact. Several countries in the Asia Pacific have recognized the potential of waste-to-energy in their energy and waste management policies. Governments have initiated programs to encourage the development of waste-to-energy projects through incentives, regulations, and public-private partnerships. Advances in waste-to-energy technologies, including incineration, anaerobic digestion, and gasification, have made these processes more efficient and environmentally friendly. This contributes to the viability and acceptance of waste-to-energy solutions in the region. Some countries in the Asia Pacific are adopting circular economy strategies, where waste is considered a resource that can be used to generate energy. Waste-to-energy aligns with these strategies by extracting value from waste materials.
COMPETITIVE ANALYSIS
The global Waste to Energy market is reasonably competitive with mergers, acquisitions, and product launches. See some of the major key players in the market.
Mitsubishi Heavy Industries Ltd.
- In 2023, The Fukushima Municipal Government has given the Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), the order to reconstruct the Abukuma Clean Center Incineration Plant in the city. Two stoker-type incinerators (Note 1), with a combined processing capacity of 120 tons per day (tpd), are to be installed in lieu of the superannuated Abukuma Clean Center (240 tpd), which was initially planned and constructed by MHI and has been in operation since 1988. For a 20-year period, MHIEC will also be in charge of providing operation and maintenance services at the new plant under the terms of the DBO(Note2) contract. The agreement is worth 23.86 billion yen (tax not included), and the start of operations is planned for April 2028.
A2A SpA
Veolia Environnement SA
Hitachi Zosen Corp
MVV Energie AG
Martin GmbH
Babcock & Wilcox Enterprises Inc.
China Jinjiang Environment Holding Co. Ltd
Suez Group
Xcel Energy Inc.
Wheelabrator Technologies Holdings Inc.
Covanta Holding Corp.
China Everbright Group
SCOPE OF THE REPORT
By Technology
- Physical
- Thermal
- Biological
- North America (the United States & Canada)
- Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe)
- Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, and Latin America)
It provides a technological development map over time to understand the industry’s growth rate and indicates how the Waste to Energy market is evolving.
The report offers a dynamic method to various factors that drive or restrain the growth of the market and specifies which Waste to Energy submarket will be the main driver of the overall market from 2024 to 2032.
It renders a definite analysis of changing competitive dynamics and stipulates the leading players and what are their prospects over the forecast period.
It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032.
Table of Contents
152 Pages
- 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Regional Analysis
- 1.3. Segment Analysis
- 2. Overview And Scope
- 2.1. Market Vision
- 2.1.1. Market Definition
- 2.2. Market Segmentation
- 3. Global Waste To Energy Market Overview By Region: 2019 Vs 2023 Vs 2032
- 3.1. Global Waste To Energy Market Size By Regions (2019-2023) (Usd Million)
- 3.1.1. North America Waste To Energy Market Size By Country (2019-2023) (Usd Million)
- 3.1.2. Europe Waste To Energy Market Size By Country (2019-2023) (Usd Million)
- 3.1.3. Asia Pacific America Waste To Energy Market Size By Country (2019-2023) (Usd Million)
- 3.1.4. Rest Of The World Waste To Energy Market Size By Country (2019-2023) (Usd Million)
- 3.2. Global Waste To Energy Market Size By Regions (2024-2032) (Usd Million)
- 3.2.1. North America Waste To Energy Market Size By Country (2024-2032) (Usd Million)
- 3.2.2. Europe Waste To Energy Market Size By Country (2024-2032) (Usd Million)
- 3.2.3. Asia Pacific Waste To Energy Market Size By Country (2024-2032) (Usd Million)
- 3.2.4. Rest Of The World Waste To Energy Market Size By Country (2024-2032) (Usd Million)
- 4. Global Waste To Energy Market Dynamics
- 4.1. Market Overview
- 4.1.1. Market Drivers
- 4.1.2. Market Restraints/ Challenges Analysis
- 4.1.3. Market Opportunities
- 4.2. Pestle Analysis
- 4.3. Porter’s Five Forces Model
- 4.3.1. Bargaining Power Of Suppliers
- 4.3.2. Bargaining Power Of Buyers
- 4.3.3. The Threat Of New Entrants
- 4.3.4. Threat Of Substitutes
- 4.3.5. Intensity Of Rivalry
- 4.4. Value Chain Analysis/Supply Chain Analysis
- 4.5. Covid-19 Impact Analysis On Global Waste To Energy Market
- ** In – Depth Qualitative Analysis Will Be Provided In The Final Report Subject To Market
- 5. Global Waste To Energy Market, By Technology
- 5.1. Overview
- 5.2. Key Findings For Waste To Energy Market - By Technology
- 5.2.1. Physical
- 5.2.2. Thermal
- 5.2.3. Biological
- 6. Global Waste To Energy Market, By Region
- 6.1. Overview
- 6.2. Key Findings For Waste To Energy Market- By Region
- 6.3. Global Waste To Energy Market, By Technology
- 7. Global Waste To Energy Market- North America
- 7.1. Overview
- 7.2. North America Waste To Energy Market Size (2019 - 2032) (Usd Million)
- 7.3. North America Waste To Energy Market, By Technology
- 7.4. North America Waste To Energy Market Size By Countries
- 7.4.1. United States
- 7.4.2. Canada
- 8. Global Waste To Energy Market- Europe
- 8.1. Overview
- 8.2. Europe Waste To Energy Market Size (2019 - 2032) (Usd Million)
- 8.3. Europe Waste To Energy Market, By Technology
- 8.4. Europe Waste To Energy Market Size By Countries
- 8.4.1. Germany
- 8.4.2. Uk
- 8.4.3. France
- 8.4.4. Spain
- 8.4.5. Italy
- 8.4.6. Rest Of Europe
- 9. Global Waste To Energy Market - Asia Pacific
- 9.1. Overview
- 9.2. Asia Pacific Waste To Energy Market Size (2019 - 2032) (Usd Million)
- 9.3. Asia Pacific Waste To Energy Market, By Technology
- 9.4. Asia Pacific Waste To Energy Market Size By Countries
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. India
- 9.4.4. Rest Of Asia Pacific
- 10. Global Waste To Energy Market- Rest Of World
- 10.1. Overview
- 10.2. Rest Of World Waste To Energy Market Size (2019 - 2032) (Usd Million)
- 10.3. Rest Of World Waste To Energy Market, By Technology
- 10.4. Rest Of World Waste To Energy Market Size By Regions
- 10.4.1. Middle East & Africa
- 10.4.2. Latin America
- 11. Global Waste To Energy Market- Competitive Landscape
- 11.1. Key Strategies Adopted By The Leading Players
- 11.2. Recent Developments
- 11.2.1. Investments & Expansions
- 11.2.2. New End-user Launches
- 11.2.3. Mergers & Acquisitions
- 11.2.4. Agreements, Joint Ventures, And Partnerships
- 12. Global Waste To Energy Market- Company Profiles
- 12.1. Mitsubishi Heavy Industries Ltd
- 12.1.1. Company Overview
- 12.1.2. Financial Overview
- 12.1.3. Product Offered
- 12.1.4. Key Developments
- 12.2. Waste Management Inc..
- 12.3. A2a Spa
- 12.4. Veolia Environnement Sa
- 12.5. Hitachi Zosen Corp
- 12.6. Mvv Energie Ag
- 12.7. Martin Gmbh
- 12.8. Babcock & Wilcox Enterprises Inc.
- 12.9. China Jinjiang Environment Holding Co. Ltd
- 12.10. Suez Group
- 12.11. Xcel Energy Inc.
- 12.12. Wheelabrator Technologies Holdings Inc.
- 12.13. Covanta Holding Corp.
- 12.14. China Everbright Group
- 13. Our Research Methodology
- 13.1. Data Triangulation
- 13.2. Data Sources
- 13.2.1. Secondary Sources
- 13.2.2. Primary Sources
- 13.3. Assumptions/ Limitations For The Study
- 13.4. Research & Forecasting Methodology
- 14. Appendix
- 14.1. Disclaimer
- 14.2. Contact Us
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