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Waste To Energy Market By Technology (Biochemical, Thermal, and Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028

Industry Insights

[215+ Pages Report] According to Facts and Factors, the global waste to energy market was worth USD 39.8 billion and is anticipated to be worth USD 52.5 billion by 2028, expanding at a CAGR of 5.3% over the projected period. This market report provides a thorough examination of the industry. The report examines key aspects, developments, drivers, constraints, the market segments, and the competitive landscape in depth.

logoMarket Overview

Waste to energy (WtE) or energy from waste (EfW) is a method of energy recovery that is used to generate energy in the form of heat and light through the principal treatment of waste. Most of these techniques aid in the direct generation of heat or electricity via thermal combustion or the generation of a combustible fuel commodity such as synthetic fuels, methane, methanol, and ethanol, among others.

logoCOVID-19 Impact:

The COVID-19 outbreak has impacted economic growth by delaying the operational processes of key sectors like recycling waste and energy generation. The industries are closed tight or operate under restricted conditions, such as fewer employees and shorter working hours. Many countries, including the United States, Spain, China, Poland, Austria, India, Korea, Germany, the United Kingdom, France, and Italy, declared a state of emergency.

The pandemic caused a labor and raw material shortage in the recycling and energy generation industries. The magnitude of the impact may force the closure of some waste-to-energy producers. Manufacturers' production was halted due to a labor shortage. As a result, production output was reduced, resulting in economic losses.

logo Growth Drivers

  • Heat and power generation from waste to drive market growth

Waste to energy is an effective and sustainable waste treatment method that generates heat that can be used to generate electricity. These waste-to-energy plants can reduce waste by 94 to 95% while keeping it out of landfills. These plants provide numerous advantages and destroy contaminated medical disposals and other harmful garbage. Waste to energy technology has several advantages, including the production of heat & power, effective waste management, the reduction of waste, the prevention of the production of methane gas & hazardous greenhouse gases, and greater control over sound & odor during the process of decomposition, limited pollution, no groundwater contamination, effectiveness in metal recycling, and others. All of these advantages are expected to drive the global waste to energy market demand during the forecast period.

logo Restraints

  • The high installation costs of waste to energy plants will limit market growth

The construction of waste-to-energy plants, particularly incineration plants, is expensive because it includes the cost of necessary infrastructure, operational costs, waste disposal & segregation costs, and other expenses. Furthermore, trained personnel and dedicated employees are required to manage incinerator plants because they require regular maintenance, which is expected to impede market growth during the forecast period.

logo Opportunities

  • Waste to energy has the potential to replace coal, which is expected to create massive opportunities

Using municipal solid waste to generate energy for energy plants is a more efficient and cost-effective option than coal power plants. The use of coal to generate electricity transmits harmful gases such as nitrogen oxides, sulfur dioxide, and hydrogen chloride, as well as toxic trace elements such as mercury, lead, and cadmium. On average, waste to energy plants can burn up to 320 million tons of garbage per year, which is then used to generate electricity. This reduces the demand for coal plants and other fossil fuels, which are nonrenewable energy sources. Furthermore, because these plants trap dioxin, they prevent the emission of hazardous compounds such as dioxin, which is expected to create excellent growth opportunities for the global waste to energy market during the forecast period.

logoSegmentation Analysis

The global waste to energy market is segmented on the basis of technology and region.

By technology, the market is divided into biochemical, thermal, and others. The thermal method involves the high-temperature recyclable materials of energy from MSW. Thermal technology encompasses a variety of processes, including combustion or incineration, gasification, and pyrolysis. The main distinction between these technological innovations is the O2 and temperature associated with the process that gives rise to the conversion to final products, water, and CO2, or to intermediate useful products.

During the forecast period, the incineration segment is expected to grow at a rapid pace. Increased waste generation around the world significantly drives global demand for incineration processes. Because incinerators can treat all types of waste, this method is far superior to other thermal waste treatment techniques.

logoReport Scope

Report Attribute

Details

Market Size in 2021

USD 39.8 Billion

Projected Market Size in 2028

USD 52.5 Billion

CAGR Growth Rate

5.3% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

China Everbright International Limited, Ramboll Group A/S, Hitachi Zosen Inova AG, Wheelabrator Technologies Inc, Veolia, Xcel Energy Inc., Covanta Holding Corporation, Babcock & Wilcox Enterprises, Inc., Suez, Abu Dhabi National Energy Company PJSC., and Others

Key Segment

By Technology, and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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logoRegional Landscape

  • The market in the Asia Pacific region is expected to expand rapidly

Among the regions in the global waste to the energy market, Asia Pacific was worth USD 17.5 billion in 2020 and is expected to be worth USD 26 billion by 2028, with a CAGR of 5.3%. The increasing population and the influx of immigrants to cities result in a large amount of waste being produced on a daily basis. Furthermore, the COVID-19 outbreak has seriously affected countries such as China and India, resulting in panicked buying of goods, an increase in single-use products, and the deposition of large amounts of medical waste, which contributes to plastic pollution.

As a result, Shenzhen, one of China's largest megacities, has built the world's largest waste-to-energy plant, capable of processing up to 5,500 tons of waste per day. Furthermore, China operates over 305 waste-to-energy plants, which efficiently manage waste and produce power. Similarly, Veolia, a waste management and energy services company in India, manages more than 91 waste to energy centers that treat municipal solid waste and produce electricity.

logoRecent Development

  • January 2021: The Indian state-controlled oil firm (IOC) and the North Delhi Municipal Corporation (NDMC) have collaborated to establish a waste-to-energy plant (WtE) at the NDMC's Ranikhera landfill site in New Delhi.
  • October 2021: The waste-to-energy plant in Kapuluppada, Andhra Pradesh, India, has been officially opened. The plant's capacity is approximately 15 MW, and it is entitled to receive 900 to 1000 tonnes of waste per day from the Greater Visakhapatnam Municipal Corporation.

logoCompetitive Landscape

Some of the key global waste to energy market players are China Everbright International Limited, Ramboll Group A/S, Hitachi Zosen Inova AG, Wheelabrator Technologies Inc, Veolia, Xcel Energy Inc., Covanta Holding Corporation, Babcock & Wilcox Enterprises, Inc., Suez, and Abu Dhabi National Energy Company PJSC.

The global waste to energy market is segmented as follows;

logoBy Technology Segment Analysis

  • Biochemical
  • Thermal
  • Others

logoBy Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Covid-19

Waste To Energy Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • China Everbright International Limited
  • Ramboll Group A/S
  • Hitachi Zosen Inova AG
  • Wheelabrator Technologies Inc
  • Veolia
  • Xcel Energy Inc.
  • Covanta Holding Corporation
  • Babcock & Wilcox Enterprises Inc.
  • Suez
  • Abu Dhabi National Energy Company PJSC

Frequently Asked Questions

The growth in favorable government regulatory frameworks supporting proper waste disposal, as well as energy production from waste to meet the world's high energy demand, is a primary factor influencing the waste to energy market. The government's initiatives to commercialize alternative energy sources, such as waste to energy (WTE) technology, the rapid reduction of conventional energy sources, and the compliance with environmental policies aimed at reducing carbon emissions from fossil-fuel use, all contribute to the growth of the market
According to the Facts & Factors report, the global waste to energy market was worth 39.8 (USD billion) and is predicted to grow to around 52.5 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 5.3%.
Asia Pacific has seen significant growth in the waste-to-energy industry. With increasing government efforts to implement good MSW management strategies, offering incentives for waste-to-energy initiatives in the form of capital subsidies and feed-in tariff rates, and providing funding for R & D projects on a cost-sharing basis, it has dominated the market globally.
Some of the key waste to energy market players are China Everbright International Limited, Ramboll Group A/S, Hitachi Zosen Inova AG, Wheelabrator Technologies Inc, Veolia, Xcel Energy Inc., Covanta Holding Corporation, Babcock & Wilcox Enterprises, Inc., Suez, and Abu Dhabi National Energy Company PJSC.
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