Waste to Energy (WTE) Market Size - By Technology (Biological, Thermal [Incineration, Pyrolysis & Gasification), Regional Outlook & Growth Forecast, 2024 – 2032

Waste to Energy Market Size

Waste to Energy Market was valued at USD 44.3 billion in 2023 and is anticipated to grow at a CAGR of over 6.3% from 2024 to 2032. The increasing focus toward sustainable waste management practices along with favourable policy framework toward development of renewable energy sources will propel the business growth. As countries develop from low & middle income to high level income, their waste management requirements evolve.
 

Strong focus toward maintaining a high standard of health, cleanliness and productivity of communities will drive the industry growth. Additionally, the ongoing population growth and rapid urbanization across multiple economies have resulted in the creation of large population centres resulting in increased complexity across waste collection, treatment, and disposal processes.
 

Waste to Energy Market Trends

The rising population across the urban regions have accelerated the mismanagement of solid waste generated across the community. In the past decade, traditional waste disposal methods have proved in-efficient to adequately manage & handle the increasing load due to limited availability of treatment & disposal infrastructure. However, the intensifying focus toward implementation of technology integrated waste/trash management solutions including accelerating focus toward development of waste to energy technologies will positively influence the business landscape.
 

In addition, large-scale urban migration has further led to an exponential rise in the generation of solid waste, thereby increasing the demand for an effective WtE framework with a strong focus on public health and economic growth across different regions.
 

Waste to Energy Market Analysis

The Waste to energy industry is anticipated to surpass USD 78 billion by 2032. Increasing government measures toward WTE promotion will positively impact the industry over the forecast period. Respective government authorities are now offering income tax exemptions as well as investment tax allowance for companies undertaking WTE management activities and installing advanced technologies. For instance, as per Kyoto Protocol, waste-to-energy units can earn tradable credits called CERs (certified emission reductions) under CDM (Clean Development Mechanism) approved protocols scheme. These WTE units are likely to gain credits by eliminating methane production from landfills.
 

Based on technology, the thermal technology will grow at a CAGR of over 6% through 2032. Increasing investments toward development of sustainable waste management practices along with government measures to reduce emissions has provided significant boost to the thermal waste technologies. Additionally, The increasing awareness toward sustainable waste management technologies along with stringent regulatory framework across developed nations toward waste management will provide favorable business scenario.
 

Europe waste to energy market is projected to surpass USD 32.5 billion by 2032. Increasing adoption of favourable policies framed by government authorities along with stringent norms to reduce emissions will positively sway the WTE industry across the European subcontinent. Moreover, rapid adoption of recycling, and WTE techniques to cater the accruing waste management demand has positively influenced the industry landscape. Furthermore, increasing use of biological, gasification and pyrolysis technology for efficient waste to energy generation have further streamlined the industry growth.
 

Favorable regulatory policies, combined with the integration of advanced technologies in waste treatment, have led to significant investments in the U.S. market. The industry has seen a strong trend towards deploying innovative solutions to meet the increasing waste management demand across North America.
 

Waste to Energy Market Share

Veolia, Suez, Covanta Holding Corporation, Hitachi Zosen Inova AG, and Biffa are among the dominant players in the waste to energy industry. To complement the business growth, the market participants are engaged toward the development of innovative social enterprise business models to create more value of money for the communities and the government.
 

Waste to Energy Market Companies

Some of the major key players operating across the waste to energy industry are:

• Biffa
• China Everbright Environment Group Limited
• Covanta Holding Corporation
• Hitachi Zosen Inova AG
• Jansen Combustion and Boiler Technologies, Inc.
• Keppel Seghers
• OMNI Conversion Technologies Inc.
• Recology
• Sims Limited
• Stericycle, Inc.
• SUEZ
• Velocys
• Veolia
• Waste Connections
• Wheelabrator Technologies, Inc.
• WM Intellectual Property Holdings, L.L.C.
• Xcel Energy Inc.
   

Waste to Energy Industry News

• In March 2024, Hitachi Zosen Inova collaborated with enfinium to construct and operate the UK's first carbon capture pilot plant at a Waste-to-Energy facility. Set to become operational in July 2024, the new scaled-down, containerized, and mobile plant will allow enfinium to capture up to 1 tonne of carbon dioxide (CO2) daily from its operations at the Ferrybridge 1 facility. The carbon capture plant will utilize HZI’s amine-scrubbing technology, specifically designed to seamlessly integrate with enfinium’s onsite Waste-to-Energy (WtE) operations.
   
• In May 2024, Biffa has signed an agreement to acquire Renewi’s municipal business in the UK. This deal includes five long-term residual waste treatment contracts that serve local government customers in England and Scotland. These contracts are expected to contribute to the overall growth of the industry.
   

This waste to energy market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in ‘USD Billion’ from 2021 to 2032, for the following segments:

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Market, By Technology

• Thermal
  • Incineration
  • Pyrolysis & Gasification
  • Others
• Biological

The above information has been provided for the following region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Sweden
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
  • Singapore
  • Malaysia
  • Thailand
• Rest of World