Global Waste-To-Energy Technologies Market Size By Product (Biochemical Reactions, Thermal Technologies), By Application (Heating Plant, Power Plant), By Geographic Scope And Forecast

Waste-To-Energy Technologies Market Size And Forecast

Waste-To-Energy Technologies Market size is growing at a faster pace with substantial growth rates over the last few years, and it is estimated that the market will grow significantly in the forecasted period, i.e. 2026 to 2032.

The growing amount of waste generation and increasing concern for waste management to meet the demand for sustainable urban living, and the rising focus on non-fossil fuel sources of energy are the factors driving the market growth of the Waste-To-Energy Technologies Market. The Global Waste-To-Energy Technologies Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Waste-To-Energy Technologies Market Definition

Waste-to-energy technology is an energy recovery process that converts chemicals from waste residues into usable energy such as electricity, heat, and steam. Heat conversion technology is currently the market leader in waste-to-energy technology. In addition, waste-to-energy technologies include non-thermal processes such as anaerobic digestion and landfill gas recovery and heat such as gasification and mass incineration that can produce ethanol from cellulose or organic waste by taking biomass. The fermentation process uses the same procedure in winemaking to convert sugar in waste into carbon dioxide and alcohol.

Global Waste-To-Energy Technologies Market Overview

The primary factors driving the market growth are the growing amount of waste generation and increasing concern for waste management to meet the demand for sustainable urban living, and the rising focus on non-fossil fuel sources of energy. Preferred regulatory policies that encourage end-user sector energy generation and proper waste management associated with increasing energy demand are expected to play an essential role in driving the market growth during the forecast period. The government focuses on commercializing alternative energy sources such as Waste-to-Energy (WTE) technology because traditional energy sources are quickly exhausted.

In addition, the implementation of environmental policies to reduce carbon emissions from fossil fuels is expected to accelerate the industry's growth. Waste power plants reduce many harmful emissions due to several factors, including the recovery of metals for recycling, the offsetting of carbon dioxide from fossil fuel power generation, and the avoidance of methane from landfills. In addition, limited space and rising landfill prices are expected to further drive the growth of waste-to-energy technology as a reliable waste management solution.

Global Waste-To-Energy Technologies Market: Segmentation Analysis

The Global Waste-To-Energy Technologies Market is Segmented on the basis of Product, Application, And Geography.

Waste-To-Energy Technologies Market, By Product

• Biochemical Reactions
• Thermal Technologies

Based on Product, the market is segmented into Biochemical Reactions and Thermal Technologies. The Thermal Technologies segment holds a large number of shares in the market because the ease of operation is the growth factor of heat conversion technology. Thermal waste treatment serves as an environmentally friendly solution for modern cities by allowing the gas emitted from the waste to be incinerated entirely, which is the factor that boosts the market growth of the Waste-To-Energy Technologies Market.

Waste-To-Energy Technologies Market, By Application

• Heating Plant
• Power Plant
• Others

Based on Application, the market is segmented into Heating Plant, Power Plant, and Others.

Waste-To-Energy Technologies Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of Geography, The Global Waste-To-Energy Technologies Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia-Pacific region holds a large number of shares in the market because of the increasing government initiatives in adopting more good MSW management practices, providing incentives for waste-to-energy projects in the form of capital subsidies and feed-in tariffs, and providing financial support for research and development projects on a cost-sharing basis in the region, which boosts the market growth of the Waste-To-Energy Technologies Market.

Key Players

The "Global Waste-To-Energy Technologies Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Osaka City Hall, Covanta, Grandblue, Suez, Shenzhen Energy, Wheelabrator, City Of Kobe, Tianjin Teda, China Everbright, Aeb Amsterdam.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Partnerships, Collaborations and Agreements
• In February 2022, Covanta, a global leader in sustainable waste and energy solutions, announced that it has extended its public-private collaboration with the Lee County Solid Waste Resource Recovery Facility until 2032.
• In November 2018, Covanta, a Morristown, New Jersey-based provider of sustainable waste and energy solutions, announced an extension of its agreement with the Town of Huntington, New York, to operate the Huntington Resource Recovery Facility. The five-year deal extends Huntington and Covanta's relationship through December 1, 2024.
• In January 2018, Chonburi Clean Energy (CCE), a joint venture firm formed by Suez, WHA Utilities and Power, and Glow Energy (an Engie subsidiary), started construction on an industrial waste-to-energy (WtE) power plant in the Hemaraj Chonburi Industrial Estate in Chonburi, Thailand.
• Mergers and Acquisitions
• In February 2019, MIP and Wheelabrator Technologies Inc. ("Wheelabrator") announced today that MIP, operating through one of its managed funds, has completed the acquisition of Wheelabrator from funds managed by Energy Capital Partners ("ECP"). MIP is part of Macquarie Group's Macquarie Infrastructure and Real Assets ("MIRA") subsidiary.