Waste to Energy (WTE) Market

Global Waste to Energy (WTE) Market Report: By Technology (Thermochemical, Biochemical), By Waste Type (Municipal Solid Waste, Process Waste, Agricultural Waste, Others), By Application (Electricity, Heat), and Region (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2024-2032.

Energy & Power | February 2024 | Report ID: EMR00626 | Pages: 250

Global Waste to Energy (WTE) market is predicted to reach approximately USD 51.62 billion by 2032, at a CAGR of 5.26% from 2024 to 2032.

The global Waste to Energy (WTE) market encompasses technologies designed to convert various forms of waste into energy, typically electricity, heat, or fuel. This process involves the combustion of waste materials in specially designed facilities equipped with advanced pollution control mechanisms to minimize environmental impact. With increasing concerns about waste management, environmental sustainability, and energy security, the WTE market has witnessed significant growth in recent years. Governments worldwide are implementing stringent regulations to reduce landfill waste and promote the adoption of renewable energy sources, further driving the demand for WTE solutions. Additionally, rising urbanization and industrialization, particularly in emerging economies, are generating substantial amounts of waste, creating opportunities for the expansion of the WTE market. Key players in the industry are focusing on technological advancements to enhance efficiency, reduce emissions, and improve the overall economics of waste-to-energy conversion. However, challenges such as high initial investment costs, public perception issues related to incineration, and the availability of alternative waste management options pose constraints to market growth. Nevertheless, with ongoing efforts to address these challenges and the growing recognition of the potential benefits of WTE technologies in waste management and sustainable energy production, the global WTE market is poised for continued expansion in the foreseeable future.

 

 

Global Waste to Energy (WTE) report scope and segmentation.

Report Attribute

Details

Estimated Market Value (2023)

USD 32.53 billion

Projected Market Value (2032)

USD 51.62 billion

Base Year

2023

Forecast Years

2024 – 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Technology, By Waste Type, By Application, & Region.

Segments Covered

By Technology, By Waste Type, By Application, & By Region.

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Waste to Energy (WTE) dynamics

Government rules and policies, which promote renewable energy sources and impose strict waste management standards, are crucial in encouraging the adoption of WTE solutions. The implementation of sophisticated pollution control technologies is required by increasingly strict emission regulations, which motivates research and development expenditures aimed at improving efficacy and mitigating environmental impact.

The WTE industry is undergoing a technological revolution that is resulting in the creation of waste conversion technologies that are more sustainable and efficient. The economics of converting waste to energy is getting better thanks to advancements in gasification, anaerobic digestion, and thermal treatment techniques, which also lower emissions and increase energy recovery rates. Additionally, the scope and versatility of WTE systems are being expanded through integration with other renewable energy technologies, such as solar power and biomass, which is propelling market growth.

Environmental concerns regarding landfill waste and greenhouse gas emissions are compelling stakeholders to explore alternative waste management solutions, thereby driving the demand for WTE technologies. The growing recognition of WTE as a viable means of reducing carbon footprint and achieving sustainability goals is fueling investments in WTE infrastructure globally. Additionally, economic factors such as volatile energy prices and fluctuating waste management costs are influencing the adoption of WTE solutions as a cost-effective and environmentally sustainable waste management strategy.

 

Global Waste to Energy (WTE) drivers

  • Stringent Environmental Regulations:

Increasingly stringent environmental regulations worldwide aimed at reducing greenhouse gas emissions and promoting sustainable waste management practices are driving the growth of the Waste to Energy (WTE) market. Governments are imposing strict limits on landfill waste and emissions, thereby incentivizing industries to invest in WTE technologies as an environmentally friendly alternative. For instance, initiatives such as the European Union's Waste Framework Directive and the Renewable Energy Directive set ambitious targets for waste diversion and renewable energy generation, spurring investments in WTE infrastructure across the region.

  • Rising Waste Generation:

Global waste generation is significantly rising as a result of fast urbanisation, industrialization, and population growth. The increase in waste volumes poses a significant challenge to conventional waste management systems, calling for creative solutions like WTE to ensure effective resource utilisation and minimise environmental effects. The need for sustainable waste management techniques and energy security is expected to drive an increase in demand for WTE technologies as urban centres grow and consumption patterns change.

 

Restraints:

  • High Initial Investment Costs:

WTE projects require a large initial capital outlay, which includes building specialised facilities and installing cutting-edge machinery for energy production and waste processing. For market participants, high initial costs frequently represent a major barrier to entry, especially in areas with constrained financial resources or unreliable regulatory environments. Furthermore, the perceived risks related to technology deployment, project scalability, and revenue generation potential can make financing WTE projects difficult, which can restrict market growth.

  • Public Perception and Community Opposition:

Despite its potential environmental benefits, WTE incineration facilities often face resistance from local communities and environmental advocacy groups due to concerns about air quality, public health risks, and perceived negative impacts on surrounding ecosystems. Public opposition can delay project approvals, increase regulatory scrutiny, and escalate project costs, thereby impeding the expansion of the WTE market. Addressing public perception issues and fostering community engagement through transparent communication, stakeholder consultations, and environmental impact assessments are crucial for overcoming resistance and gaining social acceptance for WTE projects.

 

Opportunities:

  • Technological Innovations and Efficiency Improvements:

Continuous improvements in WTE technologies offer substantial chances to boost environmental performance, energy recovery rates, and process efficiency. Examples of these technologies include gasification, pyrolysis, and anaerobic digestion. Modern emissions control technologies, modular plant layouts, and integrated waste management systems are examples of innovations that have the potential to lower operating costs, improve resource recovery, and broaden market appeal. Furthermore, the WTE sector is becoming more innovative and competitive due to research and development initiatives focused on improving process automation, optimising feedstock utilisation, and diversifying end-product applications. This opens up new opportunities for industry players to take advantage of developing market trends.

 

Segment Overview

  • By Technology:

WTE technologies can be categorized into thermochemical and biochemical processes. Thermochemical processes involve the combustion, gasification, or pyrolysis of waste materials to generate heat or electricity. Gasification and pyrolysis technologies convert solid waste into synthesis gas or liquid fuels through high-temperature chemical reactions, offering higher energy conversion efficiencies and lower emissions compared to traditional incineration methods. Biochemical processes, such as anaerobic digestion, employ microbial decomposition to break down organic waste into biogas and digestate, suitable for electricity generation or nutrient-rich soil amendments. These biological processes are particularly well-suited for organic waste streams, offering renewable energy and waste management solutions while mitigating greenhouse gas emissions.

  • By Waste Type:

The WTE market encompasses various waste streams, including municipal solid waste (MSW), process waste, agricultural waste, and others. MSW, comprising household, commercial, and institutional waste, represents a significant feedstock for WTE facilities globally, driven by urbanization, population growth, and increasing consumption patterns. Process waste from industrial and manufacturing activities, characterized by high energy content and often challenging disposal requirements, presents opportunities for WTE conversion, contributing to resource recovery and environmental sustainability. Agricultural waste, including crop residues, animal manure, and food processing by-products, represents a valuable feedstock for bioenergy production, offering opportunities for decentralized energy generation and rural development. Additionally, other waste streams such as construction and demolition debris, sewage sludge, and healthcare waste present niche opportunities for specialized WTE applications, contributing to comprehensive waste management strategies and circular economy initiatives.

  • By Application:

WTE technologies serve diverse applications, primarily electricity and heat generation. Electricity generation from WTE facilities contributes to grid stability, renewable energy portfolios, and energy security, displacing fossil fuel-based power generation and reducing greenhouse gas emissions. Heat recovery from WTE processes enables district heating and industrial applications, providing thermal energy for space heating, water heating, and industrial processes, enhancing energy efficiency and resource utilization. By diversifying energy sources and reducing reliance on finite resources, WTE applications contribute to sustainable development goals, environmental stewardship, and resilience to energy supply disruptions. Moreover, combined heat and power (CHP) systems integrate electricity and heat generation, maximizing energy efficiency and economic viability, further promoting the adoption of WTE solutions in decentralized energy markets and urban infrastructure projects.

 

Global Waste to Energy (WTE) Overview by Region

In Europe, stringent environmental regulations, ambitious renewable energy targets, and limited landfill capacities have spurred significant investments in WTE infrastructure. Countries like Germany, Sweden, and Denmark lead the adoption of advanced WTE technologies, leveraging their expertise in waste management and environmental policy frameworks to drive sustainable energy initiatives. North America, particularly the United States, showcases a growing interest in WTE solutions driven by increasing waste volumes, aging landfill infrastructure, and renewable energy incentives at the federal and state levels.

Emerging economies in Asia-Pacific, including China, Japan, and India, are witnessing rapid urbanization, industrialization, and escalating waste generation rates, fueling demand for innovative waste management and energy recovery solutions. China, the world's largest waste producer, is investing in WTE projects to address pollution concerns, improve resource utilization, and reduce dependence on fossil fuels. In the Middle East and Africa, limited waste management infrastructure, coupled with growing population densities and urbanization trends, present untapped opportunities for WTE market expansion. Countries like the United Arab Emirates and South Africa are exploring WTE solutions to manage municipal and industrial waste streams, diversify energy sources, and promote sustainable development. Latin America demonstrates a nascent but evolving WTE market landscape, driven by growing environmental awareness, regulatory reforms, and investments in renewable energy projects.

 

 

Global Waste to Energy (WTE) market competitive landscape

Key players such as Covanta Energy Corporation, Veolia Environment S.A., and Suez Environnement Company dominate the global WTE market, leveraging their extensive experience, technological expertise, and diversified service portfolios to offer integrated waste management and energy solutions. These industry giants focus on strategic partnerships, mergers and acquisitions, and technological innovation to expand their market presence, enhance operational efficiency, and capitalize on evolving regulatory and market trends. Additionally, a growing number of startups and innovative ventures are entering the WTE space, developing novel technologies and business models to address specific market niches and emerging challenges. Collaborative initiatives between public and private entities, research institutions, and government agencies are fostering knowledge sharing, capacity building, and industry standardization, driving competitiveness and sustainability across the WTE value chain. As competition intensifies and market dynamics evolve, players are investing in R&D, market intelligence, and customer engagement to differentiate their offerings, optimize resource utilization, and unlock new revenue streams in the burgeoning WTE market landscape.

 

Global Waste to Energy (WTE) Recent Developments

  • Dec 2022, CEMEX, S.A.B. de C.V along with CEMEX Ventures, its corporate venture capital division, revealed their financial backing of Waste to Energy Advanced Solutions ("WtEnergy"), a pioneering clean energy startup. WtEnergy has devised an innovative method for converting solid waste into synthesis gas ("Syngas") tailored for industrial applications.

 

Scope of global Waste to Energy (WTE) report

Global Waste to Energy (WTE) report segmentation

ATTRIBUTE

DETAILS

By Technology

  • Thermochemical
  • Biochemical

By Waste Type

  • Municipal Solid Waste
  • Process Waste
  • Agricultural Waste
  • Others

By Application

  • Electricity
  • Heat

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Waste to Energy (WTE) size and forecast: To identify and estimate the market size for global Waste to Energy (WTE) market segmented by Technology, By Waste Type, By Application, and by region. Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Waste to Energy (WTE)
  • Market Influencing Factors: To find out the factors which are affecting the market of global Waste to Energy (WTE) among consumers.
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Global Waste to Energy (WTE) forecast period is 2024 - 2032
According to global Waste to Energy (WTE) research, the market is expected to grow at a CAGR of ~ 5.26% over the next eight years.
The possible segments in global Waste to Energy (WTE) are based on by Technology, By Waste Type, By Application, & by region.
The expected market size for Global Waste to Energy (WTE) is USD 32.53 billion in 2023.
The major players in the market are Veolia, Covanta, Attero, Wheelabrator Technologies Inc., SUEZ, China Everbright Limited, Ramboll Group, Allseas, EDF, AVR, Viridor, and Huawei Enterprise