PUBLISHER: Roots Analysis | PRODUCT CODE: 1796408
PUBLISHER: Roots Analysis | PRODUCT CODE: 1796408
As per Roots Analysis, the global waste to energy market size is estimated to grow from USD 38.80 billion in the current year to USD 86.79 billion by 2035, at a CAGR of 7.59% during the forecast period, till 2035.
The opportunity for waste to energy market has been distributed across the following segments:
Type of Technology
Type of Waste
Type of Form
Areas of Application
Company Size
Geographical Regions
Waste-to-Energy (WTE), commonly known as energy from waste, encompasses the utilization of thermochemical and biochemical techniques to harness energy from urban waste, resulting in electricity, steam, and fuels. These cutting-edge technologies can reduce the original waste volume by up to 90%, depending on the composition of the waste and the desired application of the energy generated. WTE plants offer two main benefits: they provide environmentally responsible waste management and disposal options while producing clean electricity. The growing implementation of WTE as a strategy for handling both solid and liquid waste has significantly alleviated the environmental impacts of municipal solid waste management, especially in terms of lowering greenhouse gas emissions.
The increase in global population and economic development has led to a rising demand for energy, making WTE facilities vital in fulfilling this requirement. These plants act as a reliable source of renewable energy, effectively reducing reliance on fossil fuels. Further, strict government regulations aimed at minimizing landfill usage and reducing greenhouse gas emissions further support the growth of waste-to-energy programs. Overall, owing to these factors, the waste to energy market is expected to increase during the forecast period.
Based on type of technology, the global waste to energy market is segmented into anaerobic digestion, biochemical, incineration, physical, thermochemical and others. According to our estimates, currently, the incineration segment captures the majority share of the market. This can be attributed to effectiveness in minimizing waste volume while producing energy through high-temperature combustion. This method has become widely accepted and is favored for its reliability and capability to handle various waste types.
However, thermochemical technologies segment is expected to grow at a relatively higher CAGR during the forecast period. This can be attributed to the application of technologies such as gasification and pyrolysis in this segment. The improvements in efficiency and their correspondence with the rising demand for sustainable energy solutions are propelling market expansion.
Based on type of waste, the waste to energy market is segmented into agricultural waste, municipal solid waste (MSW), and others. According to our estimates, currently, the municipal solid waste (MSW) segment captures the majority of the market. This can be attributed to the significant availability and steady generation of this waste from households, businesses, and institutions. This segment is recognized for its capability to effectively transform waste into renewable energy while simultaneously decreasing landfill usage and greenhouse gas emissions.
However, the agricultural waste segment is expected to grow at a relatively higher CAGR during the forecast period. This can be attributed to the technological innovations that improve the efficiency of converting agricultural waste into energy, aligning with global trends towards renewable energy and sustainable waste management practices.
Based on type of form, the waste to energy market is segmented into electricity, hot water and steam. According to our estimates, currently, the electricity segment captures the majority of the market. This can be attributed to the rising demand for sustainable energy options and the influence of government regulations that encourage renewable energy production from waste.
However, the hot water and steam segment is expected to grow at a relatively higher CAGR during the forecast period. This increase is due to the innovations in waste to energy technologies and growing uses in industrial processes that need thermal energy.
Based on areas of application, the waste to energy market is segmented into generation of energy, treatment of waste, reduction of waste volume and others. According to our estimates, currently, the generation of energy segment captures the majority of the market. This can be attributed to the global transition toward sustainable energy initiatives and rising government incentives to encourage eco-friendly practices.
However, the reduction of waste volume segment is expected to grow at a relatively higher CAGR during the forecast period. This increase is due to innovations in waste processing technologies that not only reduce waste but also aid in the generation of cleaner energy, thus promoting sustainability objectives.
Based on company size, the waste to energy market is segmented into large and small and medium enterprise. According to our estimates, currently, the large enterprise segment captures the majority of the market. However, small and medium-sized enterprises are expected to grow at a relatively higher CAGR during the forecast period. This can be attributed to their agility, innovative approaches, focus on specialized markets, and capacity to adapt to evolving customer demands and market dynamics.
Based on geographical regions, the waste to energy market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, Asia captures the majority share of the market. This increase can be attributed to the rising economic activities, which in turn have led to an increase in waste generation. Consequently, various Asian governments have established waste-to-energy facilities, further promoting the growth of the waste-to-energy sector.
The report on the waste to energy market features insights on various sections, including: