Waste to energy conversion is a process of generating energy by the treatment of waste material and garbage from different sections of the society. The burning of waste produces combustible fuel such as synthetic fuels, ethanol, methanol and methane. Waste to energy conversion is highly beneficial to produce heat or electricity to be used in various sectors worldwide. The use of combustion and bacterial fermentation to recover energy in the form of electricity and steam, from urban wastes decreases the volume of the original waste by 90%. Also, waste contains fossil derived materials such as plastics which are not renewable. Therefore, proper treatment of effluents and decayed products from industrial, residential or medical sectors can provides renewable and environment-friendly source of energy. It leads to reduction in the use of fossil fuels and carbon emissions. The global waste to energy market size was estimated at USD 33299.7 million in 2020, and is expected to reach USD 67995.95 million by 2030, growing with a CAGR of 7.4%.

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Market Dynamics and Factors:

Growing energy demand and depletion of conventional energy resources are the major factors driving the waste to energy market. Production of reusable energy from waste by using thermal and biological technology is gaining global attention. In thermal technology, incineration is the most well-known procedure for the processing of MSW (Municipal Solid Waste). Industrial wastes such as toxic chemicals along with medicinal wastes like syringe, used bandages, tissues and other medical supplies increase the soil pollution when submerged in landfills. Hence, anaerobic digestion is becoming commercially viable to treat the waste biologically and produce biogas. The energy is also used in transport fuel like bio-diesel and bio-jet fuel. Furthermore, ethanol is produced by blending of gasoline and ethanol which is expected to positively impact the global waste to energy market. The major restraining factor is the high construction cost of waste to energy plants and their maintenance charges. Anaerobic digestion process takes five years to complete which is a hindrance to the waste to energy market growth. However, government initiatives to provide clean energy, encouragements to use bio – CNG and PPP (Private Public partnerships) are expected to bring new opportunities in the near future.

Market Segmentation:

Global Waste To Energy Market – By Waste Type
Municipal Waste
Agricultural Waste
Medical Waste
Global Waste To Energy Market – By Technology
Thermal
Biological
Global Waste To Energy Market – By Application
Electricity
Heat
Power Units & Transport
Global Waste To Energy Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
Geographic Analysis:

Asia-Pacific is currently dominating the market due to the efforts taken by the government in adopting better waste management practices, pilot projects such as O&M30 contract and investments in R&D projects recently. Owing to the rapid urbanization, the generation of municipal solid waste has been increasing rapidly in countries like China and India. This has led to increase in the number of incineration plants under Chinese President Xi Jinping’s plan to reduce pollution in the country. In Europe, almost 41 biomethane plants were established in 2016 and is continuing to progress, according to a recent study. North America has emerged as a global waste to energy market in technological advancements due to the demand to achieve low carbon footprint, minimize greenhouse gas emissions and continuous supply of power attributed to the speedy depletion of fossil fuels such as petroleum & coal. North America and Europe are anticipated to contribute a huge share in global revenue generation in the forecast period.

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Competitive Scenario:

Key players in waste to energy industry are Waste Management Inc. (The U.S.), Suez Environment S.A. (France), C&G Environmental Protection Holdings (Hong Kong), Mitsubishi Heavy Industries Ltd (Japan), Waste Management Inc. (The U.S.), Veolia Environnement SA (France), Hitachi Zosen Corp (Japan), China Everbright International Limited (China), and China Jinjiang Environment Holding Company Limited (China).

How will this Market Intelligence Report Benefit You?

1. The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.

2. Exclusive insight into the key trends affecting the Waste to Energy industry, although key threats, opportunities and disruptive technologies that could shape the Waste to Energy Market supply and demand.

3. The report tracks the leading market players that will shape and impact the Waste to Energy Market most.

4. The data analysis present in the Waste to Energy Market report is based on the combination of both primary and secondary resources.

5. The report helps you to understand the real effects of key market drivers or retainers on Waste to Energy Market business.

The 2021 Annual Waste to Energy Market offers:

• 100+ charts exploring and analysing the Waste to Energy Market from critical angles including retail forecasts, consumer demand, production and more

• 15+ profiles of top producing states, with highlights of market conditions and retail trends

• Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand

• Benchmark wholesale prices, market position, plus prices for raw materials involved in Waste to Energy Market type

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