PUBLISHER: The Business Research Company | PRODUCT CODE: 1729086
PUBLISHER: The Business Research Company | PRODUCT CODE: 1729086
Waste-to-energy refers to the process of generating energy in the form of electricity or heat from the treatment of various types of waste. This market plays a crucial role in both waste management and energy production by converting non-recyclable waste materials into usable energy, thereby reducing landfill dependency and contributing to sustainable energy solutions.
The waste to energy market consists of sales by entities (organizations, sole traders and partnerships) of waste to energy services that are used to process different waste streams, including municipal solid waste, agricultural waste, and other forms of waste, to extract energy through thermal or biochemical processes. The end-products, primarily electricity and heat, are utilized across industrial, commercial, and residential sectors.
The global waste to energy market was valued at $30,210.42 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 4.00%.
Increasing Industrialization
The increasing industrialization supported the growth of the WTE market during the historic period. The industrial growth limits available land for waste disposal, prompting governments and environmental agencies to promote WTE solutions. These initiatives reduce landfill reliance and minimize environmental impact. As industrialization accelerates, companies are increasingly adopting sustainable, circular economy models that prioritize waste reuse, recycling, and energy conversion. WTE supports these strategies by transforming waste into renewable energy while enhancing sustainability efforts. For example, according to the data provided by the Ministry of Statistics and Programme Implementation (MoSPI), India's index Of Industrial Production (IIP) (factory output growth measured in terms of IIP) was recorded at 11.7% in October 2023 as compared to 5.1% in December 2022. During April-December 2023-24, the IIP growth works out to be 6.1%, up from 5.5% in the corresponding period a year ago. Moreover, according to TakeProfit, a community-driven trading platform, industrial production in Australia increased by 1.59% in the second quarter of 2023 over the same quarter in 2022. In the USA, for the second quarter of 2024 as a whole, industrial production increased at an annual rate of 4.3%. Therefore, the increasing industrialization drove the growth of the WTE market.
Carbon Capture Pilot To Decarbonize Waste-to-Energy Operations
Major companies operating in the WTE market are innovating to improve efficiency, reduce environmental impact, and enhance the sustainability of waste management processes. For instance, in September 2024, Enfinium, a UK-based energy from waste operator, launched the UK's first carbon capture pilot at its energy-from-waste facility located at Ferrybridge-1 in West Yorkshire. This groundbreaking project aims to capture up to one ton of CO2 per day from the facility's operations. The pilot will run for at least 12 months and is part of Enfinium's broader strategy to deploy Carbon Capture and Storage (CCS) technology across its facilities to support the UK's Net Zero targets. The technology used in this pilot is a scaled-down, containerized version supplied by Hitachi Zosen Inova (HZI), designed for potential commercial application across other WTE sites. The initiative represents a critical step in the UK's efforts to decarbonize its waste management infrastructure. The data collected during this trial will help to assess various amine solvents and improve the overall efficiency of carbon capture processes. HZI is a Swiss company that specializes in energy and material recovery from waste.
The global WTE market is fairly fragmented, with large number of players operating in the market. The top ten competitors in the market made up to 18.14% of the total market in 2023.
Waste To Energy Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global waste to energy market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for waste to energy? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The waste to energy market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider waste to energy market; and compares it with other markets.