Waste to Energy Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 2024-30

The Waste to Energy Market size was valued at USD 41 billion in 2023 and is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2024-30. The market growth is primarily driven by the massive amount of residential and commercial waste generated every year due to rapid urbanization and industrialization, coupled with rising power consumption levels owing to population explosion. This resulted in market players and manufacturers emphasis on more clean power generation from renewable sources. This further accelerates the requirements for waste-to-energy plants to treat the substantial waste produced worldwide. 

Markntel Advisor’s Waste to Energy Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Waste to Energy Market drivers, barriers, Waste to Energy Market Trends, and Key Players in Waste to Energy Market.

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Waste to Energy Market Dynamics: 2024-2030

Waste to Energy Market Driver:

Production of Biofuel Maximize Market Revenue – Biofuels are liquid fuels produced from renewable biological sources, using agriculture residues & food waste, feedstock, etc., this transformation of biomass and waste produces biogas or bioethanol.  These biofuels can serve as an alternative, reducing dependency on fossil fuels and becoming the most preferable fuel. Here Waste-to-energy plays an important role in supplying the energy needed for biofuel production, improving energy security. The combination of waste-to-energy with biofuel production contributes to a circular economy by utilizing organic wastes. This facilitates reducing waste and greenhouse gas emissions, therefore achieving sustainable goals. Hence, the inclination towards the production of biofuel is estimated to accelerate the growth of the waste-to-energy market.

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Waste to Energy Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

·       By Technology

o   Thermal

§  Incineration

§  Pyrolysis

§  Gasification

o   Biological

o   Physical

·       By Type of Waste

o   Municipal Waste

o   Agricultural Waste

o   Industrial Waste

o   Others

·       By Region

o   Asia-Pacific

o   Europe

o   North America

o   Middle East & Africa

o   South America

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Top Companies Operating in the Waste to Energy Market:

• Suez Environment S.A
• Veolia Environment
• C&G Limited
• Waste Management Inc.
• Keppel Seghers
• Babcock & Wilcox Co.
• Covanta Energy Corporation
• ADI Systems Inc.
• Hitachi Zosen Inova AG
• Xcel Energy Inc.
• Abu Dhabi National Energy Company PJSC
• MVV Energie AG
• China Jinjiang Environment Holding Co Ltd
• A2A SpA
• Martin GmbH
• China Everbright International Limited
• Mitsubishi Heavy Industries Ltd
• Shandong Wheelabrator Technologies Inc.
• Constructions Industrielles de la Mediterranee
• Foster Wheeler A.G.

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