Waste to Energy Market: 4.65% CAGR Expected
Evolve Business Intelligence has published a research report on the Global Waste to Energy Market, 2024–2034. The global Waste to Energy Market is projected to exhibit a CAGR of around 4.65% during the forecast period of 2024 to 2034.
Evolve Business Intelligence has recognized the following companies as the key players in the global Waste to Energy Market: Waste Management Inc, Suez Environment S.A., C&G Environmental Protection Holdings, Constructions industrielles de la Mediterranee, China Everbright International Limited, Covanta Energy Corporation, Foster Wheeler A.G., Abu Dhabi National Energy Company PJSC, Babcock & Wilcox Enterprises and Veolia Environment.
Market Highlights
The Global Waste to Energy Market is projected to be valued at USD 51.36 Billion by 2034, recording a CAGR of around 4.65% during the forecast period. The Waste-to-energy (WtE) refers to the process of generating energy from waste materials. This energy can take various forms, including electricity, heat, or transportation fuels. WtE plants use a variety of technologies to convert waste into energy, such as combustion, gasification, and pyrolysis.
The market is driven by the need for sustainable waste management solutions, increasing energy demand, and environmental concerns related to landfill use and greenhouse gas emissions. It supports the circular economy by recovering energy from waste that would otherwise contribute to pollution.
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Segmental Analysis
The global Waste to Energy Market has been segmented based on Technology Type and Vertical.
Based on Technology Type, the Waste to Energy Market is segmented into Thermal (Incineration, Pyrolysis, Gasification), Biochemical and Others. The Thermal segment is anticipated to dominate the market.
Based on Vertical, the global Waste to Energy Market has been divided into Private Sector and Public Sector. The Public Sector segment is anticipated to dominate the market.
Regional Analysis
The Waste to Energy Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. The WtE market in North America is relatively mature, with a focus on MSW incineration. The U.S. and Canada have a well-established WtE market, with significant investments in incineration and anaerobic digestion technologies and there is a growing interest in advanced WtE technologies, such as gasification and pyrolysis. Europe is a pioneer in WtE, with many mature WtE facilities and well-established policies. Europe has seen significant advancements in WtE technologies, including gasification and pyrolysis and European Union policies promote resource recovery and waste management innovation, providing ample opportunities for WtE projects. The WtE market in Asia is expanding rapidly due to increasing urbanization and waste generation. Countries like China, Japan, and India are experiencing rapid urbanization and increasing waste generation, creating significant demand for WtE solutions. The WtE market in Latin America is emerging, with growing interest in sustainable waste management solutions. The WtE market is still developing, but countries like Brazil and Mexico are beginning to invest in WtE technologies. The Middle East and Africa region has a significant opportunity for WtE development due to increasing waste generation and energy needs. The WtE market in Africa is growing due to increasing urbanization and limited landfill capacity.
