Waste to Energy Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034
Description
The Global Waste to Energy Market was valued at USD 46.73 million in 2024 and is estimated to grow at a CAGR of 6.4% to reach USD 86.21 million by 2034.
Market growth is driven by escalating global waste volumes, rapid urbanization, and the pressing need for sustainable waste treatment technologies. Waste to Energy systems allow municipalities and industries to convert solid waste into usable power, reducing landfill reliance while generating electricity and heat. With growing concerns regarding greenhouse gas emissions, governments worldwide are prioritizing WtE solutions as part of their clean energy transition. Additionally, rising environmental regulations are pushing cities to adopt technologically advanced waste management infrastructures, further accelerating the deployment of thermal and biological waste conversion technologies.
The Waste to Energy market is primarily segmented by technology, with the thermal technologies segment generating USD 41.81 million in 2024. Thermal processes such as incineration and gasification remain the most widely used due to their efficiency, scalability, and ability to handle large waste volumes. These systems also produce valuable byproducts such as steam, electricity, and district heating outputs, enabling cities to integrate WtE facilities into their energy grids. The continued modernization of incineration plants, improvements in air pollution control systems, and advancements in waste sorting and fuel preparation technologies have strengthened the dominance of the thermal segment across developed and emerging nations.
The power generation segment generated USD 27.50 million in 2024, serving as the primary driver of economic value and operational efficiency for WtE facilities. Through technologies such as incineration, gasification, and anaerobic digestion, waste is converted into electricity that can be supplied to national grids, industrial users, or local communities. This segment benefits from the rising global demand for renewable and reliable energy sources, especially as countries look to reduce dependence on fossil fuels.
Europe Waste to Energy Market captured USD 20.11 million in 2024, maintaining its lead due to strong environmental mandates, strict landfill regulations, and substantial investments in circular economy infrastructure. Countries such as Germany, Sweden, and the Netherlands have developed sophisticated WtE networks that process a major share of municipal waste into usable energy. Europe’s leadership is also supported by widespread public–private partnerships, robust decarbonization targets, and extensive adoption of combined heat and power (CHP) systems.
Key players operating in the Global Waste to Energy Market include Veolia, SUEZ, Covanta Energy, Hitachi Zosen Inova, Babcock & Wilcox Enterprises, China Everbright International, Waste Management Inc., Ramboll Group, Mitsubishi Heavy Industries, and Keppel Seghers. Companies in the Waste to Energy Market are focusing on several strategic initiatives to enhance market presence and long-term competitiveness. A major strategy involves investing in advanced thermal technologies such as high-efficiency incineration, gasification, and pyrolysis to boost energy yields and reduce emissions. Firms are also entering public–private partnerships to operate large-scale municipal WtE plants, ensuring stable long-term revenue streams. Many players are expanding into emerging markets where waste management infrastructure is developing rapidly.
Market growth is driven by escalating global waste volumes, rapid urbanization, and the pressing need for sustainable waste treatment technologies. Waste to Energy systems allow municipalities and industries to convert solid waste into usable power, reducing landfill reliance while generating electricity and heat. With growing concerns regarding greenhouse gas emissions, governments worldwide are prioritizing WtE solutions as part of their clean energy transition. Additionally, rising environmental regulations are pushing cities to adopt technologically advanced waste management infrastructures, further accelerating the deployment of thermal and biological waste conversion technologies.
The Waste to Energy market is primarily segmented by technology, with the thermal technologies segment generating USD 41.81 million in 2024. Thermal processes such as incineration and gasification remain the most widely used due to their efficiency, scalability, and ability to handle large waste volumes. These systems also produce valuable byproducts such as steam, electricity, and district heating outputs, enabling cities to integrate WtE facilities into their energy grids. The continued modernization of incineration plants, improvements in air pollution control systems, and advancements in waste sorting and fuel preparation technologies have strengthened the dominance of the thermal segment across developed and emerging nations.
The power generation segment generated USD 27.50 million in 2024, serving as the primary driver of economic value and operational efficiency for WtE facilities. Through technologies such as incineration, gasification, and anaerobic digestion, waste is converted into electricity that can be supplied to national grids, industrial users, or local communities. This segment benefits from the rising global demand for renewable and reliable energy sources, especially as countries look to reduce dependence on fossil fuels.
Europe Waste to Energy Market captured USD 20.11 million in 2024, maintaining its lead due to strong environmental mandates, strict landfill regulations, and substantial investments in circular economy infrastructure. Countries such as Germany, Sweden, and the Netherlands have developed sophisticated WtE networks that process a major share of municipal waste into usable energy. Europe’s leadership is also supported by widespread public–private partnerships, robust decarbonization targets, and extensive adoption of combined heat and power (CHP) systems.
Key players operating in the Global Waste to Energy Market include Veolia, SUEZ, Covanta Energy, Hitachi Zosen Inova, Babcock & Wilcox Enterprises, China Everbright International, Waste Management Inc., Ramboll Group, Mitsubishi Heavy Industries, and Keppel Seghers. Companies in the Waste to Energy Market are focusing on several strategic initiatives to enhance market presence and long-term competitiveness. A major strategy involves investing in advanced thermal technologies such as high-efficiency incineration, gasification, and pyrolysis to boost energy yields and reduce emissions. Firms are also entering public–private partnerships to operate large-scale municipal WtE plants, ensuring stable long-term revenue streams. Many players are expanding into emerging markets where waste management infrastructure is developing rapidly.
Table of Contents
205 Pages
- Chapter 1 Methodology
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.1.3 Base estimates and calculations
- 1.1.4 Base year calculation
- 1.1.5 Market estimates & forecasts parameters
- 1.1.6 Key trends for market estimates
- 1.2 Market definitions
- 1.3 Forecast model
- 1.4 Primary research and validation
- 1.4.1 Some of the primary sources (but not limited to)
- 1.5 Data mining sources
- 1.5.1 Secondary
- 1.5.1.1 Paid sources
- 1.5.1.2 Source by region
- Chapter 2 Executive Summary
- 2.1 Industry snapshot
- 2.2 Business trends
- 2.3 Process trends
- 2.4 Application trends
- 2.5 Regional trends
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.2.1 National waste management regulatory landscape
- 3.2.2 Urban waste management regulatory landscape
- 3.2.3 U.S.
- 3.2.3.1 Clean Air Act
- 3.2.3.2 Resource Conservation and Recovery Act (42 U.S.C. §6901 et seq. (1976)
- 3.2.3.3 42 U.S. Code § 7429 - Solid Waste Combustion
- 3.2.3.4 National Ambient Air Quality Standards (NAAQS)
- 3.2.3.5 The U.S.'s net zero plans
- 3.2.3.6 Clean Air Act
- 3.2.3.7 National Emission Standards for Hazardous Air Pollutants (NESHAP)
- 3.2.3.8 Clean Air Act, 1970
- 3.2.3.9 New Source Performance Standards
- 3.2.3.10 SB 54
- 3.2.3.11 SB 1383
- 3.2.3.12 MACT NESHAP Standards
- 3.2.3.13 40 CFR Part 503
- 3.2.3.14 45CSR34 (Incorporates Federal rules 40CFR61 and 40CFR63)
- 3.2.3.15 National Pollutant Discharge Elimination System
- 3.2.4 Canada
- 3.2.4.1 Canadian Environmental Protection Act, 1999
- 3.2.4.2 Clean Electricity Regulation
- 3.2.5 European Union (EU)
- 3.2.5.1 Waste Framework Directive (2008/98/EC)
- 3.2.5.2 Landfill Directive (1999/31/EC)
- 3.2.5.3 The Waste Incineration Directive (2000/76/EC) (Industrial Emissions Directives)
- 3.2.5.4 The Waste Framework Directive
- 3.2.5.5 The Waste Incineration Directive
- 3.2.5.6 The Landfill Directive
- 3.2.5.7 The Renewable Energy Directive
- 3.2.5.8 The Energy Efficiency Directive/Cogeneration Directive
- 3.2.5.9 UN Sustainable Development Goals (SDGs)
- 3.2.5.10 Industrial Emissions Directive (Directive 2010/75/EU on industrial emissions (integrated pollution prevention and control, recast)
- 3.2.5.11 Waste Statistics Regulation (Regulation (EC) No 2150/2002 of the European Parliament and of the Council on waste statistics).
- 3.2.5.12 Denmark
- 3.2.5.12.1 Ambient Air Quality Legislation
- 3.2.5.13 Italy 62
- 3.2.5.13.1 Industrial Emissions Directive (IED) 2010/75/EC
- 3.2.5.13.2 Circular Economy Package - Directive (EU) 2018/851
- 3.2.5.14 Norway
- 3.2.5.14.1 Waste Regulation No. 930
- 3.2.5.15 Netherlands
- 3.2.5.15.1 The Environment and Planning Act (Omgevingswet)
- 3.2.6 Asia Pacific
- 3.2.6.1 China
- 3.2.6.2 India
- 3.2.6.2.1 Ministry of New and Renewable Energy
- 3.2.6.2.2 Guidelines for the Waste-to-Energy (WtE) Programme under the National Bioenergy Programme .. 67
- 3.2.6.2.3 National Bio Energy Programme
- 3.2.6.2.4 CPCB WtE Guidelines
- 3.2.6.3 Thailand
- 3.2.6.3.1 Public Health Act, B.E. 2535 (1992) of Thailand
- 3.2.6.4 Indonesia
- 3.2.6.4.1 Municipal Solid Waste law
- 3.2.6.4.2 Presidential Regulation 109/2025: New Provisions for Waste-to-Energy Management
- 3.2.6.4.3 National Industrial Policy and Environmental Protection and Management law
- 3.2.6.5 Japan
- 3.2.6.5.1 Waste Management and Public Cleansing Law
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.1.1 Favorable government initiatives
- 3.3.1.2 Rapid urbanization and industrialization
- 3.3.1.3 Increasing amount municipal solid waste (MSW)
- 3.3.2 Industry pitfalls & challenges
- 3.3.2.1 High capital and operational cost
- 3.4 Growth potential analysis
- 3.5 Porter's analysis
- 3.6 PESTEL analysis
- 3.7 Emerging opportunities & trends
- 3.7.1 Digitalization & IoT integration
- 3.7.2 Advanced catalyst development
- 3.8 Technical overview of combustion additives in waste incineration P a g e | 7 Waste to Energy Market Report, 2025_2034 Copyright © Global Market Insights Inc. 2025. All Rights Reserved
- 3.8.1 Types of combustion additives
- 3.8.2 Mechanism of actions and performance benefits
- 3.8.3 Application methods
- Chapter 4 Competitive Landscape, 2025
- 4.1 Introduction
- 4.2 Company market share analysis, by region, 2024
- 4.2.1 North America
- 4.2.2 Europe
- 4.2.3 Asia Pacific
- 4.3 Strategic Dashboard
- 4.3.1 Veolia
- 4.3.1.1 Project
- 4.3.1.2 Contract
- 4.3.1.3 Plant acquisition
- 4.3.1.4 Partnership
- 4.3.2 Kanadevia Inova AG
- 4.3.2.1 Project
- 4.3.2.2 Investment
- 4.3.2.3 Acquisition
- 4.3.2.4 Contract
- 4.3.3 Indaver
- 4.3.3.1 Facility Development
- 4.3.3.2 Partnership/Collaboration
- 4.3.3.3 Project
- 4.3.4 Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd.
- 4.3.4.1 Contract
- 4.3.4.2 Project
- 4.3.5 SUEZ
- 4.3.5.1 Project
- 4.3.5.2 Contract
- 4.3.6 China Everbright Environment Group Limited
- 4.3.6.1 Project
- 4.3.7 Reworld
- 4.3.7.1 Facility expansion
- 4.3.7.2 Facility development
- 4.3.7.3 Contract
- 4.3.7.4 Rebranding
- 4.3.8 EEW Energy from Waste GmbH
- 4.3.8.1 Project
- 4.3.8.2 Facility closure
- 4.3.8.3 Facility development
- 4.3.9 Viridor Limited
- 4.3.9.1 Project
- 4.3.9.2 Plant acquisition
- 4.3.10 Biffa
- 4.3.10.1 Divestment
- 4.3.10.2 Acquisition
- 4.3.10.3 Facility expansion
- 4.3.11 Jansen Combustion and Boiler Technologies, Inc.
- 4.3.11.1 Acquisition
- 4.3.12 Xcel Energy
- 4.3.12.1 Facility expansion
- 4.3.12.2 Project
- 4.3.13 Waste Connections
- 4.3.13.1 Project
- 4.3.13.2 Acquisition
- 4.3.14 Stericycle
- 4.3.14.1 Project
- 4.3.15 Keppel Seghers
- 4.3.15.1 Contract/Agreement
- 4.3.16 Other Strategies
- 4.4 Strategic initiatives
- 4.5 Competitive benchmarking
- 4.6 Innovation & technology landscape
- 4.6.1 Innovations
- 4.6.1.1 EEW Energy from Waste GmbH
- 4.6.1.2 Reworld
- 4.6.1.3 Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd.
- 4.6.2 Technology landscape
- 4.6.2.1 Incineration
- 4.6.2.2 CHP Incineration
- 4.6.2.3 Gasification
- 4.6.2.4 Co-combustion
- 4.6.2.5 Residual derived fuel plant
- Chapter 5 Market Size and Forecast, By Process, 2021 - 2034 (USD Billion)
- 5.1 Key trends
- 5.2 Thermal
- 5.3 Biochemical
- Chapter 6 Market Size and Forecast, By Application, 2021 - 2034 (USD Billion)
- 6.1 Key trends
- 6.2 Power generation
- 6.3 Heating
- 6.4 Others
- Chapter 7 Market Size and Forecast, By Region, 2021 - 2034 (USD Billion)
- 7.1 Key trends
- 7.2 North America
- 7.3 Europe
- 7.4 Asia Pacific
- 7.5 Rest of the World
- Chapter 8 Company Profiles
- 8.1 Biffa
- 8.1.1 Financial data
- 8.1.2 Product landscape
- 8.1.3 Strategic outlook
- 8.1.4 SWOT analysis
- 8.2 China Everbright Environment Group Limited
- 8.2.1 Financial data
- 8.2.2 Product landscape
- 8.2.3 Strategic outlook
- 8.2.4 SWOT analysis
- 8.3 Jansen Combustion and Boiler Technologies, Inc.
- 8.3.1 Financial data
- 8.3.2 Product landscape
- 8.3.3 SWOT analysis
- 8.4 EEW Energy from Waste GmbH
- 8.4.1 Financial data
- 8.4.2 Product landscape
- 8.4.3 Strategic outlook
- 8.4.4 SWOT analysis
- 8.5 Indaver
- 8.5.1 Financial data
- 8.5.2 Product landscape
- 8.5.3 Strategic outlook
- 8.5.4 SWOT analysis
- 8.6 Kanadevia Inova AG
- 8.6.1 Financial data
- 8.6.2 Product landscape
- 8.6.3 Strategic outlook
- 8.6.4 SWOT analysis
- 8.7 Keppel Seghers
- 8.7.1 Financial data
- 8.7.2 Product landscape
- 8.7.3 Strategic outlook
- 8.7.4 SWOT analysis
- 8.8 Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd.
- 8.8.1 Financial data
- 8.8.2 Product landscape
- 8.8.3 Strategic outlook
- 8.8.4 SWOT analysis
- 8.9 OMNI Conversion Technologies Inc.
- 8.9.1 Financial data
- 8.9.2 Product landscape
- 8.9.3 SWOT analysis
- 8.10 Recology
- 8.10.1 Financial data
- 8.10.2 Product landscape
- 8.10.3 SWOT analysis
- 8.11 RePower South
- 8.11.1 Financial data
- 8.11.2 Product landscape
- 8.11.3 SWOT analysis
- 8.12 Reworld
- 8.12.1 Financial data
- 8.12.2 Product landscape
- 8.12.3 Strategic outlook
- 8.12.4 SWOT analysis
- 8.13 Sims Limited
- 8.13.1 Financial data
- 8.13.2 Product landscape
- 8.13.3 SWOT analysis
- 8.14 Stericycle
- 8.14.1 Financial data
- 8.14.2 Product landscape
- 8.14.3 SWOT analysis
- 8.15 SUEZ
- 8.15.1 Financial data
- 8.15.2 Product landscape
- 8.15.3 Strategic outlook
- 8.15.4 SWOT analysis
- 8.16 Veolia
- 8.16.1 Financial data
- 8.16.2 Product landscape
- 8.16.3 Strategic outlook
- 8.16.4 SWOT analysis
- 8.17 Viridor Limited
- 8.17.1 Financial data
- 8.17.2 Product landscape
- 8.17.3 SWOT analysis
- 8.18 Waste Connections
- 8.18.1 Financial data
- 8.18.2 Product landscape
- 8.18.3 SWOT analysis
- 8.19 Wheelabrator Technologies, Inc
- 8.19.1 Financial data
- 8.19.2 Product landscape
- 8.19.3 SWOT analysis
- 8.20 WM Intellectual Property Holdings, L.L.C.
- 8.20.1 Financial data
- 8.20.2 Product landscape
- 8.20.3 SWOT analysis
- 8.21 Xcel Energy
- 8.21.1 Financial data
- 8.21.2 Product landscape
- 8.21.3 SWOT analysis
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