Waste-to-Energy Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2028F, Segmented By Technology (Thermochemical, Biochemical), By Waste Type (Municipal Solid Waste, Process Waste, Agricultural waste, and Others), By Application (Electricity, Heat), By Region and Competition

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Summary

Report Description

Global Waste-to-Energy Market is expected to thrive during the forecast period 2024-2028 due to a surge in Waste-to-Energy public spending and a demand for incineration processes. Additionally, a rise in customer preference for quick and simple Waste-to-Energy conversion methods including incineration, gasification, pyrolysis, and other biochemical processes like aerobic and anaerobic digestion.

Municipal solid waste (MSW) is a mix of items with high energy content, including paper, plastic, yard trash, and wood-based products. For example, in the US, 85 pounds of every 100 pounds of MSW can be burned as fuel to produce power. Waste-to-energy facilities transform 2,000 pounds of garbage to ash that weighs between 300 and 600 pounds, resulting in an 87% reduction in waste volume.

The process of recovering energy and the method of producing energy in the form of heat or electricity from the initial treatment of trash are known as waste to energy (WtE). The majority of WtE processes either generate a combustible fuel commodity, such as methanol, methane, synthetic fuels, or ethanol, or produce heat or electricity directly through thermal combustion.  

 

Digitalization in Waste Management Techniques to Spur Market Opportunities

Government regulations that are strict in response to rising greenhouse gas emissions spur the development of green technology. Along with the introduction of Waste-to-Energy technology, governments all over the world are spending money on renewable energy sources to lessen their reliance on fossil fuels. Additionally, advantageous incentives and programmes have been implemented in every region to encourage efficient garbage collection and processing, generating a large growth potential for the waste to energy business as it might assist in launching the right technology for energy production.

The standard of best practise is the development of organised uniform streams of trash at the source, opportunities for dispersed recycling and upcycling activities. As a result, increased community involvement in waste collecting and trading of these sorted items is made possible through digitalization.

To ensure efficiency and minimal human operation, waste management facilities equipped with a Programmable Logic Controller (PLC) and Supervisory Control and Data Acquisition (SCADA) monitoring system can be automatically monitored and operated from a centralised control station. As a result, the use of digital technologies in garbage collection and disposal operations will supply information and enhance data quality and give process operators better insights into a waste stream.

 

Increasing Application of Waste Management Services to Fuel Market Growth 

Waste management continues to be a big issue in many developed nations. Agriculture, governmental, and industrial operations produce more than a billion tonnes of garbage. By implementing WtE strategies, numerous industries all over the world are focusing on lowering energy usage to cut costs. Techniques for converting waste into energy, such as thermochemicals, can assist end users in changing waste management to create revenue-generating opportunities for a variety of applications, including food processing, dairy farming, and wastewater treatment industries. By using chemical reactions, the procedures turn solid and liquid waste into syngas. Throughsyngas items like electricity and gas fuel can be converted into useful process.

By using them as fuel for gasifiers and converting them into useful energy and heat, the solid waste produced through such a process is no longer unusable, which lowers the cost of disposal and landfilling space. Additionally, around 40% of the electricity used in various dairy farms is used for heating activities. As a result, the magnetism of effective technologies, including the creation of electricity from trash, is projected to fuel waste growth in the Waste-to-Energy industry during the projection period.

 

Increase in Production of Clean Energy from Waste Drives Market Growth

Economic growth, rising industry, and urbanisation lead to waste production, environmental hazards, and carbon dioxide (CO2) emissions. Due to widespread changes in people's dietary habits, commercial and residential trash generation has considerably increased. Waste to energy can help achieve the transition to a sustainable energy ecosystem by serving as a clean demand response option, an energy source to lower greenhouse gas (GHG) emissions, a factor in the design of eco-industrial parks, and occasionally the only method for treating end-of-life waste. One of the key factors influencing the global market is the consistently expanding demand for energy worldwide. For instance, the Asian Development Bank's Waste-to-Energy cycle estimates that by 2050, urbanisation, population expansion, and economic development will cause 3.4 billion tonnes of municipal garbage to be created. As a result, substantial investments are being made in development procedures to reduce environmental issues and waste, creating chances for the waste to energy sector to flourish. Hanoi, the capital of Vietnam, set a goal in July 2022 to recycle at least 80% of household solid waste into electricity by the year 2025. Six project ideas totaling roughly 10,500 tonnes of trash handling capacity have been submitted to the city.




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Recent Development

·      In January 2021, the Indian state-controlled oil firm (IOC) and North Delhi Municipal Corporation (NDMC) had joined forces in setting up a waste-to-energy plant (WtE) at NDMC’s Ranikhera, New Delhi, landfill site.

·     In October 2021, the waste-to-energy plant at Kapuluppada, Andhra Pradesh, India was inaugurated. The plant capacity is around 15 MW and receives 900 to 1000 tonnes of waste on a daily basis.

·     In December 2020, the Karnataka government laid the foundation for a waste-to-energy (WtE) plant at Bidadi, which is being developed by Karnataka Power Corporation Ltd (KPCL).

·      DHE (Dinslakener Holz-Energiezentrum) won the contract to Doosan Lentjes in October 2020 for the construction of lot 1 of the new wood combustion plant in Dinslaken.

·     In June 2022, Veolia submitted a bid to purchase Suez's U.K. waste business section as it works to become the world's leading proponent of ecological change. The project, which combines Veolia and the majority of Suez's global operations, focuses on ecological reform.

·    Veolia stated in April 2022 launched two new initiatives to create regional, sustainable, and low-carbon energy sources. The company is beginning construction on the largest biorefinery project in the world in Finland, which would produce CO2-neutral bio-methanol from the pulp production process.

·     In April 2022, Viridor announced that Frank Solutions Limited would purchase its landfill and landfill gas operations. 44 sites around the United Kingdom will be operated and managed as part of the agreement.

 

Market Segmentation

Global waste-to-energy market is segmented based on technology, waste type, application, and region. Based on technology, the market is bifurcated into thermochemical and biochemical. Based on waste type, the market is segmented into municipal solid waste, process waste, agricultural waste, and others. Based on application, the market is bifurcated into electricity and heat. Based on region, the market is segmented into North America, Asia-Pacific, Europe, South America, Middle East & Africa.

Market player

Major players in the Global Waste-to-Energy Market are Veolia Environnement SA, Hitachi Zosen Corporation, Wheelabrator Technologies Holdings Inc., Babcock & Wilcox Enterprises, Inc., Mitsubishi Heavy Industries Ltd, Waste Management Inc., Covanta Holding Corp., and China Everbright Group.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Technology

Waste Type

Application

Regional scope

North America, Asia-Pacific, Europe, South America, Middle East & Africa

Country scope

United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Germany, United Kingdom, France, Spain, Italy, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE

Key companies profiled

Veolia Environnement SA, Hitachi Zosen Corporation, Wheelabrator Technologies Holdings Inc., Babcock & Wilcox Enterprises, Inc., Mitsubishi Heavy Industries Ltd, Waste Management Inc., Covanta Holding Corp., China Everbright Group

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the Global Waste-to-Energy Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Waste-to-Energy Market, By Technology:

o   Thermochemical

o   Biochemical    

·         Waste-to-Energy Market, By Waste Type:

o   Municipal Solid Waste

o   Process Waste

o   Agricultural waste

o   Others    

·         Waste-to-Energy Market, By Application:

o   Electricity

o   Heat   

·         Waste-to-Energy Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Spain

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East

§  Saudi Arabia

§  South Africa

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global  Waste-to-Energy Market.

Available Customizations:

With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

The Global Waste-to-Energy Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Baseline Methodology

2.2.  Key Industry Partners

2.3.  Major Association and Secondary Sources

2.4.  Forecasting Methodology

2.5.  Data Triangulation & Validation

2.6.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global Waste-to-Energy Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Technology (Thermochemical, Biochemical)

5.2.2.    By Waste Type (Municipal Solid Waste, Process Waste, Agricultural waste, Others)

5.2.3.    By Application (Electricity, Heat)

5.2.4.    By Region

5.3.  By Company (2022)

5.4.  Market Map

6.    North America Waste-to-Energy Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Technology

6.2.2.    By Waste Type

6.2.3.    By Application

6.2.4.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Waste-to-Energy Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.     By Value 

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Technology

6.3.1.2.2.           By Waste Type

6.3.1.2.3.           By Application

6.3.2.    Canada Waste-to-Energy Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.     By Value 

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Technology

6.3.2.2.2.           By Waste Type

6.3.2.2.3.           By Application

6.3.3.    Mexico Waste-to-Energy Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.     By Value 

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Technology

6.3.3.2.2.           By Waste Type

6.3.3.2.3.           By Application

7.    Asia-Pacific Waste-to-Energy Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Technology

7.2.2.    By Waste Type

7.2.3.    By Application

7.2.4.      By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Waste-to-Energy Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.     By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Technology

7.3.1.2.2.           By Waste Type

7.3.1.2.3.           By Application

7.3.2.    India Waste-to-Energy Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.     By Value 

7.3.2.2.        Market Size & Forecast

7.3.2.2.1.           By Technology

7.3.2.2.2.           By Waste Type

7.3.2.2.3.           By Application

7.3.3.    Japan Waste-to-Energy Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.     By Value 

7.3.3.2.        Market Size & Forecast

7.3.3.2.1.           By Technology

7.3.3.2.2.           By Waste Type

7.3.3.2.3.           By Application

7.3.4.    South Korea Waste-to-Energy Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.     By Value 

7.3.4.2.        Market Size & Forecast

7.3.4.2.1.           By Technology

7.3.4.2.2.           By Waste Type

7.3.4.2.3.           By Application

7.3.5.    Australia Waste-to-Energy Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.     By Value 

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Technology

7.3.5.2.2.           By Waste Type

7.3.5.2.3.           By Application

8.    Europe Waste-to-Energy Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Technology

8.2.2.    By Waste Type

8.2.3.    By Application

8.2.4.     By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Waste-to-Energy Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.     By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Technology

8.3.1.2.2.           By Waste Type

8.3.1.2.3.           By Application

8.3.2.    United Kingdom Waste-to-Energy Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.     By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Technology

8.3.2.2.2.           By Waste Type

8.3.2.2.3.           By Application

8.3.3.    France Waste-to-Energy Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.     By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Technology

8.3.3.2.2.           By Waste Type

8.3.3.2.3.           By Application

8.3.4.    Italy Waste-to-Energy Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.     By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Technology

8.3.4.2.2.           By Waste Type

8.3.4.2.3.           By Application

8.3.5.    Spain Waste-to-Energy Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.     By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Technology

8.3.5.2.2.           By Waste Type

8.3.5.2.3.           By Application

9.    South America Waste-to-Energy Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Technology

9.2.2.    By Waste Type

9.2.3.    By Application

9.2.4.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Waste-to-Energy Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.     By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Technology

9.3.1.2.2.           By Waste Type

9.3.1.2.3.           By Application

9.3.2.    Argentina Waste-to-Energy Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.     By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Technology

9.3.2.2.2.           By Waste Type

9.3.2.2.3.           By Application

9.3.3.    Colombia Waste-to-Energy Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.     By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Technology

9.3.3.2.2.           By Waste Type

9.3.3.2.3.           By Application

10. Middle East & Africa Waste-to-Energy Market Outlook

10.1.             Market Size & Forecast

10.1.1.     By Value

10.2.             Market Share & Forecast

10.2.1. By Technology

10.2.2. By Waste Type

10.2.3. By Application

10.2.4. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1. Saudi Arabia Waste-to-Energy Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.   By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Technology

10.3.1.2.2.         By Waste Type

10.3.1.2.3.         By Application

10.3.2. South Africa Waste-to-Energy Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.   By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Technology

10.3.2.2.2.         By Waste Type

10.3.2.2.3.         By Application

10.3.3. UAE Waste-to-Energy Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.   By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Technology

10.3.3.2.2.         By Waste Type

10.3.3.2.3.         By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Company Profiles

13.1.     Veolia Environnement SA

13.1.1.               Business Overview

13.1.2.               Key Revenue and Financials

13.1.3.               Recent Developments

13.1.4.               Key Personnel

13.1.5.               Key Product/Services

13.2.     Hitachi Zosen Corporation  

13.2.1.               Business Overview

13.2.2.               Key Revenue and Financials

13.2.3.               Recent Developments

13.2.4.               Key Personnel

13.2.5.               Key Product/Services

13.3.     Wheelabrator Technologies Holdings Inc.   

13.3.1.               Business Overview

13.3.2.               Key Revenue and Financials

13.3.3.               Recent Developments

13.3.4.               Key Personnel

13.3.5.               Key Product/Services

13.4.     Babcock & Wilcox Enterprises, Inc.  

13.4.1.               Business Overview

13.4.2.               Key Revenue and Financials

13.4.3.               Recent Developments

13.4.4.               Key Personnel

13.4.5.               Key Product/Services

13.5.     Mitsubishi Heavy Industries Ltd  

13.5.1.               Business Overview

13.5.2.               Key Revenue and Financials

13.5.3.               Recent Developments

13.5.4.               Key Personnel

13.5.5.               Key Product/Services

13.6.     Waste Management Inc.

13.6.1.               Business Overview

13.6.2.               Key Revenue and Financials

13.6.3.               Recent Developments

13.6.4.               Key Personnel

13.6.5.               Key Product/Services

13.7.     Covanta Holding Corp.  

13.7.1.               Business Overview

13.7.2.               Key Revenue and Financials

13.7.3.               Recent Developments

13.7.4.               Key Personnel

13.7.5.               Key Product/Services

13.8.     China Everbright Group

13.8.1.               Business Overview

13.8.2.               Key Revenue and Financials

13.8.3.               Recent Developments

13.8.4.               Key Personnel

13.8.5.               Key Product/Services

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Asia Pacific is the dominating region. With increasing efforts made by the government to adopt better MSW management practices, the waste-to-energy sector has experienced tremendous growth in Asia-Pacific in recent years.

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Veolia Environnement SA, Hitachi Zosen Corporation, Wheelabrator Technologies Holdings Inc., Babcock & Wilcox Enterprises, Inc., Mitsubishi Heavy Industries Ltd, Waste Management Inc., Covanta Holding Corp., and China Everbright Group are the major players in the Global Waste-to-Energy Market.

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The demand for the waste-to-energy market is being driven by rising trash creation, increased concern over waste management to support the requirement for sustainable urban living, and rising attention to non-fossil fuel sources of energy.

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The high cost of biomass burning is anticipated to limit industry expansion, especially if energy prices fall and some units struggle to make ends meet. Additionally, a number of European and Asia-Pacific nations intend to increase their emphasis on recycling, which saves three to five times more energy and restrains the market for waste-to-energy.

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Parvati Sharma

Account Manager BD
Press Release

Waste-to-Energy Market is Expected to Grow at an Impressive CAGR

Aug, 2023

Global Waste-to-Energy Market is expected to grow due to rising energy demands and increasing waste generation during the forecast period of 2024-2028.

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