Market Size of Waste-to-Energy (WtE) Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 38.37 Billion |
| Market Size (2029) | USD 65.29 Billion |
| CAGR (2024 - 2029) | 11.22 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Waste-to-Energy (WtE) Market Analysis
The Waste-to-Energy Market size is estimated at USD 38.37 billion in 2024, and is expected to reach USD 65.29 billion by 2029, growing at a CAGR of 11.22% during the forecast period (2024-2029).
- Over the medium term, factors such as the increasing amount of waste generation, the growing concern for waste management to meet the need for sustainable urban living, and the increasing focus on non-fossil fuel sources of energy are expected to drive the waste-to-energy market.
- On the other hand, the expensive nature of incinerators, declining energy prices decline, and the inability of several plants to cover operating costs are expected to hinder the growth of the market. These factors pose a threat to the waste-to-energy market during the forecast period.
- Nevertheless, emerging waste-to-energy technologies, such as Dendro Liquid Energy (DLE), which is four times more efficient in terms of electricity generation, with additional benefits of no emission discharge and effluence problems at plant sites, are expected to create significant opportunities for the market players, over the coming years.
- Asia-Pacific is expected to dominate the market, with the majority of demand coming from countries such as China, India, and Japan.
Waste to Energy (WTE) Industry Segmentation
Waste-to-energy plants burn municipal solid waste (MSW), sometimes known as rubbish or trash, to generate steam in a boiler, which is then used to power an electric generator turbine. MSW is a composite of energy-dense items such as paper, plastics, yard trash, and wood products.
The waste-to-energy (WtE) market is segmented by technology and geography. By technology, the market is segmented into physical, thermal, and biological. The report also covers the market size and forecasts for the waste-to-energy (WtE) market across major regions. For each segment, the market sizing and forecasts are provided based on revenue (USD).
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| Physical | |
| Thermal | |
| Biological |
| By Geography (Regional Market Analysis {Market Size and Demand Forecast till 2029 (for regions only)}) | ||||||||||
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Waste-to-Energy (WtE) Market Size Summary
The waste-to-energy market is poised for significant growth over the forecast period, driven by increasing waste generation and a heightened focus on sustainable urban living. The shift towards non-fossil fuel energy sources is further propelling market expansion. However, challenges such as the high costs of incinerators, declining energy prices, and the financial viability of some plants could impede growth. Despite these hurdles, innovative technologies like Dendro Liquid Energy offer promising opportunities for market players. The Asia-Pacific region is expected to lead the market, with substantial demand from countries like China, India, and Japan, where urbanization and waste management efforts are intensifying.
Thermal technology is anticipated to capture the largest market share, supported by the development of waste incineration facilities globally. This technology's ability to achieve high efficiencies in energy generation is a key factor in its dominance. While incineration remains a prominent method for processing municipal solid waste, environmental concerns have led to improvements in emission control, enhancing sustainability. The market's semi-fragmented nature features major players such as Mitsubishi Heavy Industries and Veolia Environnement. Recent projects in Egypt and the UK highlight ongoing investments in waste-to-energy infrastructure, underscoring the sector's growth potential and the global shift towards renewable energy solutions.
Waste-to-Energy (WtE) Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast, in USD, till 2029
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1.3 Municipal Solid Waste (MSW) Generation, in billion metric ton, till 2029
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1.4 Government Policies and Regulations
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1.5 Recent Trends and Developments
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1.6 Market Dynamics
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1.6.1 Market Drivers
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1.6.1.1 Increasing Amount of Waste Generation, Growing Concern for Waste Management to Meet the Needs for Sustainable Urban Living
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1.6.1.2 Increasing Focus on Non-fossil Fuel Sources of Energy
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1.6.2 Market Restraints
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1.6.2.1 Expensive Nature of Incinerators
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1.7 Supply Chain Analysis
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1.8 Industry Attractiveness - Porter's Five Forces Analysis
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1.8.1 Bargaining Power of Suppliers
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1.8.2 Bargaining Power of Consumers
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1.8.3 Threat of New Entrants
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1.8.4 Threat of Substitutes Products and Services
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1.8.5 Intensity of Competitive Rivalry
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1.9 Investment Analysis
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2. MARKET SEGMENTATION
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2.1 By Technology
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2.1.1 Physical
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2.1.2 Thermal
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2.1.3 Biological
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2.2 By Geography (Regional Market Analysis {Market Size and Demand Forecast till 2029 (for regions only)})
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Rest of North America
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2.2.2 Asia-Pacific
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2.2.2.1 China
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2.2.2.2 India
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2.2.2.3 Japan
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2.2.2.4 Malaysia
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2.2.2.5 Thailand
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2.2.2.6 Indonesia
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2.2.2.7 Vietnam
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2.2.2.8 Rest of Asia-Pacific
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2.2.3 Europe
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2.2.3.1 Spain
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2.2.3.2 Nordic
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2.2.3.3 United Kingdom
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2.2.3.4 Russia
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2.2.3.5 Turkey
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2.2.3.6 Germany
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2.2.3.7 Italy
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2.2.3.8 Rest of Europe
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2.2.4 Middle East and Africa
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2.2.4.1 United Arab Emirates
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2.2.4.2 Saudi Arabia
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2.2.4.3 South Africa
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2.2.4.4 Nigeria
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2.2.4.5 Qatar
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2.2.4.6 Egypt
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2.2.4.7 Rest of Middle East and Africa
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2.2.5 South America
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2.2.5.1 Brazil
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2.2.5.2 Argentina
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2.2.5.3 Colombia
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2.2.5.4 Rest of South America
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Waste-to-Energy (WtE) Market Size FAQs
How big is the Waste-to-Energy Market?
The Waste-to-Energy Market size is expected to reach USD 38.37 billion in 2024 and grow at a CAGR of 11.22% to reach USD 65.29 billion by 2029.
What is the current Waste-to-Energy Market size?
In 2024, the Waste-to-Energy Market size is expected to reach USD 38.37 billion.
