Fairfield Market Research Waste-to-Energy (WtE) Market Size, Share, Forecast 2022-2029

Waste-to-Energy (WtE) Market

Global Waste-to-Energy (WtE) Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2029 - (By Technology Coverage, By Application Coverage, By Geographic Coverage and By Company)

Published Date: Nov 2022 | Format: | No. of Pages: 186

Industry: Energy & Natural Resources


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Waste-to-Energy (WtE) Market Outlook

Global waste-to-energy market size was nearly US$27.7 Bn in 2021 and is anticipated to be worth around US$45.2 Bn in 2029, registering a CAGR of 6.1% during the forecast period.

Waste-to-energy Market Rises High as World Seeks Fuel Alternatives for Generating Electricity

Worldwide demand for energy is increasing despite excess depletion of oil and gas reserves. Waste-to-energy (WtE) technology provides a secondary route for energy generation.  It is a process in which energy is generated from the treatment of waste, thus turning waste into a source of power generation. It is thus being touted as an effective means of energy recovery from waste. According to the World Bank estimates, the world’s waste generation is projected to nearly double in volume by 2025 and reach 6 million tons of waste per day. Several countries are opting for alternate sources of energy due to restricted land filling, growing environmental issues, and high volatility in fuel prices. Waste-to-energy not only solves environmental problems related to waste by reducing the volume but also decreases the greenhouse gas emissions in the long run. The potential to make the waste useful will boost the growth of waste-to-energy market in the coming years.

Waste-to-Energy (WtE) Market

Stringent MSW Management Regulations to Drive Electricity Generation Through Alternate Routes, Boosting Waste-to-energy Market Growth

The key factors such as rising investments in renewable energy, the Paris Climate Change Agreement, and growing concerns regarding disposal of waste ecologically are expected to drive the waste-to-energy market across the globe. Government subsidies and environmental regulations in Europe, Asia Pacific, and North America are projected to help entrants to establish themselves in the waste-to-energy market. A major restraint facing the waste-to-energy market is the initial high capital cost. According to the Waste to Energy Research and Technology Council (WtERT), a plant with a capacity to process a thousand tons of waste every day can cost between US$110 Mn to US$140 Mn to begin with. Furthermore, natural gas is positioned as a substitute for renewable gases due to its lower cost. This pricing and positioning have been identified as a threat to the waste-to-energy market. In addition, it also a challenge to other external substitutions of energy generation alternatives such as wind, solar, and geothermal. Moreover, various countries and regions are investing in renewable sources of energy other than waste-to-energy plants.

In recent years, increased waste generation, and consistently narrowing prospects of landfills have crafted a strong growth outlook for the waste-to-energy market. Not only is the world population growing but it is also becoming increasingly urbanised. This leads to greater levels of waste being generated globally in more concentrated levels and in closer proximity to large urban areas. These issues have brought attention on waste management frameworks, with increased interest in alternatives to landfill. As a result, municipalities worldwide are considering the functionality of waste to energy plants to help deal with mounting waste being generated. Growing adoption of WtE technology as a route of energy recovery from municipal solid waste will serve as the key opportunity for the development of waste-to-energy facilities across the globe.

Thermal Conversion Stands out Among Other WtE Technologies in Waste-to-energy Market, Biological Conversion Sought-after

In terms of technology, the global WtE market is segregated into thermal, and biological. Thermal segment is further broken into incineration, pyrolysis, and gasification. In 2021, the thermal segment dominated the global waste-to-energy market and constituted more than 75% share in 2021. Incineration (more than 65% share) is an extensively adopted process due to its ability to reduce the volume of waste to about 90% and weight by approximately 75% percent of the original waste, thus reducing the amount of waste in landfills. The bottom ash produced from incineration plants is used by construction companies, which, in turn, reduces the burden on landfills. Currently, incineration is the only waste-to-energy technology that is economically viable and operationally feasible at a commercial scale. Heat recovered from the incineration process can be further used either for direct water and space heating purposes or to power turbines for the generation of electricity.

Electricity Generation Remains the Prime Segment by Application in Waste-to-energy Market

In terms of application, the global waste-to-energy market is segmented into electricity generation, steam exports, and combined heat & power (CHP). Generation of electricity through waste remains one of the major applications of the waste-to-energy technology. In 2021, electricity generation dominated the waste-to-energy market and constituted more than 60% share by value. Producing electricity is only one reason to burn MSW. Burning waste also reduces the amount of material that would probably be buried in landfills. Burning MSW reduces the volume of waste by about 87%. Steam or heat generated from burning of waste in WtE plants are utilized for in-house operations such as heating needs or are exported via pipeline to power plants which utilizes the steam/heat for heating the boiler. Combined heat and power (CHP) plants recover otherwise wasted thermal energy for heating. This is also called combined heat and power district heating.

Asia Pacific Leads Global Waste-to-Energy Market in Terms of Installed Capacity

Globally, more than 360 MTPA capacity of waste-to-energy facilities were operational in 2021 with more than 1,000 active waste-to-energy plants. However, data indicates that Asia Pacific dominates the waste-to-energy market in terms of installed capacity of waste-to-energy plants, followed by Europe that houses a noteworthy number of waste-to-energy projects. In 2021, Asia Pacific accounted for a large share of 54.4% in the global waste-to-energy market. China, Japan, South Korea, and Australia are the major markets in Asia Pacific in terms of waste-to-energy facilities. In India, the Ministry of New and Renewable Energy, is implementing a programme to provide subsidy of around US$310 thousand per MW (maximum US$1.55 Mn per project) for five new MSW waste-to-energy plants. Globally, China accounts for 30% of the waste-to-energy market in terms of installed capacities of WtE facilities. In addition, China has laid down an ambitious sustainable waste treatment and landfill avoidance goals. Its 13th Five-Year Plan calls for approximately 600,000 tonnes per day of energy from waste (EfW) capacity by the end of 2020. Considering these policies, over 200 new EfW facilities are expected to be built in China between 2020 and 2030. This is expected to benefit the demand for WtE in Asia Pacific.

The global waste-to-energy market forecast reveals that North America holds the huge potential for waste-to-energy market. The US is the leading country in North America in terms of waste-to-energy plant installations. The number of countries accepting the Paris Climate Change Agreement has been increasing significantly across the globe. This agreement enforces countries to increase the share of renewable sources of energy in their total power generation, thereby providing ample of opportunities for the adoption of the waste-to-energy technology. The goals of the European climate and energy policy of creating an energy system are characterized by less dependence on fossil fuels. This creates a stronger market pull for waste-to-energy technology, especially to produce biogas, and biofuels.

Global Waste-to-Energy (WtE) Market: Competitive Landscape

Key players involved in waste-to-energy market are Covanta Energy Corporation, Veolia, Seuz Environment, Hitachi Zosen Inova, Sembcorp Industries, Ramboll Group, Viridor, Wheelabrator Technologies Inc., Babcock & Wilcox Enterprises, Inc., AVR, and China Everbright Environment Group Limited.

In August 2022, Covanta announced that the Covanta Fairfax Waste-to-Energy facility recently completed planned enhancements to its state-of-the-art pollution control technology aimed at further reducing nitrogen oxide (NOx) emissions, thereby helping to further protect the environment. On September 2022, SUEZ and its partners complete the acquisition of EnviroServ, South Africa’s largest waste management company.

The Global Waste-to-Energy (WtE) Market is Segmented as Below:

By Technology Coverage

  • Thermal
    • Incineration
    • Pyrolysis
    • Gasification
  • Biological

By Application Coverage

  • Electricity Generation
  • Steam Exports
  • Combined Heat & Power (CHP)

By Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Poland
    • Ireland
    • Denmark
    • Finland
    • Italy
    • Sweden
    • France
    • Germany
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Singapore
    • New Zealand
    • Australia
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • UAE
    • Mexico
    • Qatar
    • Others

Leading Companies

  • Veolia
  • Covanta Energy Corporation
  • Seuz
  • Sembcorp Industries
  • China Everbright Environment Group Limited
  • AVR
  • EQT AB
  • Wheelabrator Technologies Inc.
  • Hitachi Zosen Inova AG
  • Babcock & Wilcox Enterprises, Inc.
  • Viridor
  • Ramboll Group

Inside This Report You Will Find:

1. Executive Summary
2. Market Overview
3. Price Trends Analysis and Future Projects, 2018 - 2029
4. Global Waste to Energy (WtE) Market Outlook, 2018 - 2029
5. North America Waste to Energy (WtE) Market Outlook, 2018 - 2029
6. Europe Waste to Energy (WtE) Market Outlook, 2018 - 2029
7. Asia Pacific Waste to Energy (WtE) Market Outlook, 2018 2029
8. Rest of the World (RoW) Waste to Energy (WtE) Market Outlook, 2018 - 2029
9. Competitive Landscape
10. Appendix

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1. Executive Summary
     1.1. Global Waste to Energy (WtE) Market Snapshot
     1.2. Future Projections
     1.3. Key Market Trends
     1.4. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
            2.2.1. Drivers
            2.2.2. Restraints
            2.2.3. Market Opportunities
     2.3. Value Chain Analysis
     2.4. Porter’s Five Forces Analysis
     2.5. Covid-19 Impact Analysis
            2.5.1. Supply Chain
            2.5.2. Demand
     2.6. Economic Overview
            2.6.1. Microeconomic Trends
            2.6.2. Macroeconomic Trends

3. Price Trends Analysis and Future Projects, 2018-2029
     3.1. Key Highlights
     3.2. By Technology/By Application
     3.3. By Region

4. Global Waste to Energy (WtE) Market Outlook, 2018-2029
     4.1. Global Waste to Energy (WtE) Market Outlook, by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
            4.1.1. Key Highlights
                     4.1.1.1. Thermal
                            4.1.1.1.1. Incineration
                            4.1.1.1.2. Pyrolysis
                            4.1.1.1.3. Gasification
                     4.1.1.2. Biological
            4.1.2. BPS Analysis/Market Attractiveness/Comparison Matrix Analysis, by Technology
     4.2. Global Waste to Energy (WtE) Market Outlook, by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
            4.2.1. Key Highlights
                     4.2.1.1. Electricity Generation
                     4.2.1.2. Steam Exports
                     4.2.1.3. Combined Heat & Power (CHP)
            4.2.2. BPS Analysis/Market Attractiveness/Comparison Matrix Analysis, by Application
     4.3. Global Waste to Energy (WtE) Market Outlook, by Region, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
            4.3.1. Key Highlights
                     4.3.1.1. North America
                     4.3.1.2. Europe
                     4.3.1.3. Asia Pacific
                     4.3.1.4. Rest of the World (RoW)
            4.3.2. BPS Analysis/Market Attractiveness/Comparison Matrix Analysis, by Region

5. North America Waste to Energy (WtE) Market Outlook, 2018-2029
     5.1. North America Waste to Energy (WtE) Market Outlook, by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
            5.1.1. Key Highlights
                     5.1.1.1. Thermal
                            5.1.1.1.1. Incineration
                            5.1.1.1.2. Pyrolysis
                            5.1.1.1.3. Gasification
                     5.1.1.2. Biological
     5.2. North America Waste to Energy (WtE) Market Outlook, by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
            5.2.1. Key Highlights
                     5.2.1.1. Electricity Generation
                     5.2.1.2. Steam Exports
                     5.2.1.3. Combined Heat & Power (CHP)
     5.3. North America Waste to Energy (WtE) Market Outlook, by Country, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
            5.3.1. Key Highlights
                     5.3.1.1. U.S. Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     5.3.1.2. U.S. Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     5.3.1.3. Canada Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     5.3.1.4. Canada Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029

6. Europe Waste to Energy (WtE) Market Outlook, 2018-2029
     6.1. Europe Waste to Energy (WtE) Market Outlook, by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
            6.1.1. Key Highlights
                     6.1.1.1. Thermal
                            6.1.1.1.1. Incineration
                            6.1.1.1.2. Pyrolysis
                            6.1.1.1.3. Gasification
                     6.1.1.2. Biological
     6.2. Europe Waste to Energy (WtE) Market Outlook, by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
            6.2.1. Key Highlights
                     6.2.1.1. Electricity Generation
                     6.2.1.2. Steam Exports
                     6.2.1.3. Combined Heat & Power (CHP)
     6.3. Europe Waste to Energy (WtE) Market Outlook, by Country, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
            6.3.1. Key Highlights
                     6.3.1.1. U.K. Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.2. U.K. Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.3. Poland Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.4. Poland Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.5. Ireland Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.6. Ireland Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.7. Denmark Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.8. Denmark Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.9. Finland Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.10. Finland Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.11. Italy Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.12. Italy Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.13. Sweden Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.14. Sweden Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.15. France Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.16. France Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.17. Germany Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.18. Germany Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.19. Czech Republic Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.20. Czech Republic Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.21. Rest of Europe Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     6.3.1.22. Rest of Europe Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029

7. Asia Pacific Waste to Energy (WtE) Market Outlook, 2018-2029
     7.1. Asia Pacific Waste to Energy (WtE) Market Outlook, by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
            7.1.1. Key Highlights
                     7.1.1.1. Thermal
                            7.1.1.1.1. Incineration
                            7.1.1.1.2. Pyrolysis
                            7.1.1.1.3. Gasification
                     7.1.1.2. Biological
     7.2. Asia Pacific Waste to Energy (WtE) Market Outlook, by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
            7.2.1. Key Highlights
                     7.2.1.1. Electricity Generation
                     7.2.1.2. Steam Exports
                     7.2.1.3. Combined Heat & Power (CHP)
     7.3. Asia Pacific Waste to Energy (WtE) Market Outlook, by Country, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
            7.3.1. Key Highlights
                     7.3.1.1. China Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     7.3.1.2. China Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     7.3.1.3. Japan Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     7.3.1.4. Japan Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029South Korea
                     7.3.1.5. India Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     7.3.1.6. India Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     7.3.1.7. Singapore Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     7.3.1.8. Singapore Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     7.3.1.9. New Zealand Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     7.3.1.10. New Zealand Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     7.3.1.11. Australia Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     7.3.1.12. Australia Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     7.3.1.13. Rest of Asia Pacific Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     7.3.1.14. Rest of Asia Pacific Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029

8. Rest of the World (RoW) Waste to Energy (WtE) Market Outlook, 2018-2029
     8.1. Rest of the World (RoW) Waste to Energy (WtE) Market Outlook, by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
            8.1.1. Key Highlights
                     8.1.1.1. Thermal
                            8.1.1.1.1. Incineration
                            8.1.1.1.2. Pyrolysis
                            8.1.1.1.3. Gasification
                     8.1.1.2. Biological
     8.2. Rest of the World (RoW) Waste to Energy (WtE) Market Outlook, by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
            8.2.1. Key Highlights
                     8.2.1.1. Electricity Generation
                     8.2.1.2. Steam Exports
                     8.2.1.3. Combined Heat & Power (CHP)
     8.3. Rest of the World (RoW) Waste to Energy (WtE) Market Outlook, by Country, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
            8.3.1. Key Highlights
                     8.3.1.1. UAE Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     8.3.1.2. UAE Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     8.3.1.3. Mexico Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     8.3.1.4. Mexico Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     8.3.1.5. Qatar Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     8.3.1.6. Qatar Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     8.3.1.7. Others Waste to Energy (WtE) Market by Technology, Capacity (Million Tons) and Value (US$ Mn), 2018-2029
                     8.3.1.8. Others Waste to Energy (WtE) Market by Application, Capacity (Million Tons) and Value (US$ Mn), 2018-2029

9. Competitive Landscape
     9.1. Company Market Share Analysis, 2021
     9.2. Company Heatmap
     9.3. Strategic Collaborations
     9.4. Company Profiles
            9.4.1. Veolia
                     9.4.1.1. Company Overview
                     9.4.1.2. Product Portfolio
                     9.4.1.3. Financial Overview
                     9.4.1.4. Business Strategies and Development
            9.4.2. Covanta Energy Corporation
                     9.4.2.1. Company Overview
                     9.4.2.2. Product Portfolio
                     9.4.2.3. Financial Overview
                     9.4.2.4. Business Strategies and Development
            9.4.3. Seuz Environment
                     9.4.3.1. Company Overview
                     9.4.3.2. Product Portfolio
                     9.4.3.3. Financial Overview
                     9.4.3.4. Business Strategies and Development
            9.4.4. China Everbright Environment Group Limited
                     9.4.4.1. Company Overview
                     9.4.4.2. Product Portfolio
                     9.4.4.3. Financial Overview
                     9.4.4.4. Business Strategies and Development
            9.4.5. Sembcorp Industries
                     9.4.5.1. Company Overview
                     9.4.5.2. Product Portfolio
                     9.4.5.3. Financial Overview
                     9.4.5.4. Business Strategies and Development
            9.4.6. AVR
                     9.4.6.1. Company Overview
                     9.4.6.2. Product Portfolio
                     9.4.6.3. Business Strategies and Development
            9.4.7. Wheelabrator Technologies Inc.
                     9.4.7.1. Company Overview
                     9.4.7.2. Product Portfolio
                     9.4.7.3. Business Strategies and Development
            9.4.8. Hitachi Zosen Inova AG
                     9.4.8.1. Company Overview
                     9.4.8.2. Product Portfolio
                     9.4.8.3. Financial Overview
                     9.4.8.4. Business Strategies and Development
            9.4.9. Babcock & Wilcox Vφlund A/S
                     9.4.9.1. Company Overview
                     9.4.9.2. Product Portfolio
                     9.4.9.3. Financial Overview
                     9.4.9.4. Business Strategies and Development
            9.4.10. Viridor
                     9.4.10.1. Company Overview
                     9.4.10.2. Product Portfolio
                     9.4.10.3. Financial Overview
                     9.4.10.4. Business Strategies and Development
            9.4.11. Ramboll Group
                     9.4.11.1. Company Overview
                     9.4.11.2. Product Portfolio
                     9.4.11.3. Financial Overview
                     9.4.11.4. Business Strategies and Development

10. Appendix
     10.1. Research Methodology
     10.2. Report Assumptions
     10.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2021

2018 - 2021

2022 - 2029 

ValueUS$ Million

VolumeMillion Tons

 

REPORT FEATURES

DETAILS

Technology Coverage

  • Thermal
    • Incineration
    • Pyrolysis
    • Gasification
  • Biological

Application Coverage

  • Electricity Generation
  • Steam Exports
  • Combined Heat & Power (CHP)

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Poland
    • Ireland
    • Denmark
    • Finland
    • Italy
    • Sweden
    • France
    • Germany
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Singapore
    • New Zealand
    • Australia
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • UAE
    • Mexico
    • Qatar
    • Others

Leading Companies

  • Veolia
  • Covanta Energy Corporation
  • Seuz
  • Sembcorp Industries
  • China Everbright Environment Group Limited
  • AVR
  • EQT AB
  • Wheelabrator Technologies Inc.
  • Hitachi Zosen Inova AG
  • Babcock & Wilcox Enterprises, Inc.
  • Viridor
  • Ramboll Group

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2017-2019), Price Trend Analysis- 2019-2025, Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain)

 

FAQs : Waste-to-Energy (WtE) Market

Favourable government policies and initiatives, continuous technologic advancements of conventional waste incineration, and growing investments into WtE integrated gas turbine operations is expected to fuel the demand for WtE technology in the next few years.

A large number of EPC players and operator operate in the market. Global top 5 players in waste-to-energy (WtE) include Veolia, SUEZ, Covanta Holding Corporation, China Everbright International Limited, and Keppel Corporation Limited.

Asia Pacific is expected to lead the global waste to energy market by 2029. Europe region follows Asia Pacific. Government funding followed by attractive incentives and subsidies are key factors driving the demand for WtE facilities in Europe and is expected to beget more investment in the near future.

In terms of technology, thermal technologies, especially incineration held major share and was considered the most attractive technology used in WtE market in 2021. Biological technology held the least share in 2019. However, investments in biological technologies, especially anaerobic digestion (AD) is gaining momentum and is expected to grow at a fair pace over the forecast period.

Due to COVID-19 pandemic, the entire value chain for WtE has been affected. Sudden halt in waste collection, segregation has affected the continuous supply of raw material to WtE facilities. Breakdown and delay in plant maintenance has resulted in temporary shutdown of several facilities across the globe. The Russia-Ukraine conflict has delayed the funding of planned WtE projects.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

View Methodology
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