The Waste To Energy Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Waste To Energy Global Market Report 2024, The waste to energy market size has grown strongly in recent years. It will grow from $35.44 billion in 2023 to $37.86 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to waste management challenges, energy security, regulatory incentives, public awareness, urbanization trends.
The waste to energy market size is expected to see strong growth in the next few years. It will grow to $49.75 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to circular economy initiatives, stricter environmental regulations, global commitment to renewable energy, technological integration with waste sorting, growing urbanization and waste generation. Major trends in the forecast period include increased emphasis on decentralized systems, collaboration with public and private sectors, advancements in technology, utilization of non-incineration technologies, strategic investments in research and development.
Increasing efficient waste management is expected to propel the growth of the waste-to-energy market going forward. Efficient waste management refers to the proper segregation of waste at source and ensuring that the waste goes through different streams of recycling and resource recovery. The most efficient waste management solution will be the sustainable method of waste to energy that produces heat that can generate electricity. For instance, in November 2020, according to an article by the World Economic Forum, a Switzerland-based International Organization for Public-Private Cooperation, Wales aims to achieve zero waste by 2050, and the EU is looking at adopting a new target for 2030, thought to be at least 65%. Also, Germany has the best waste management rate in the world. Austria comes in second, followed by South Korea and Wales. All four countries manage between 52% and 56% of their municipal waste management. Switzerland, in fifth place, recycles almost half of its municipal waste. Therefore, increasing efficient waste management is driving the growth of the waste-to-energy market.
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The waste to energy market covered in this report is segmented –
1) By Waste Type: Municipal Solid Waste, Agricultural Waste, Other Waste Types
2) By Technology: Thermal, Biochemical, Other Technologies
3) By Application: Heat, Electricity
Top Major Players:
- PayPal Holdings Inc.
- Fiserv Inc.
- Global Payments Inc.
- Mastercard Incorporated
- Square Inc.
Europe was the largest region in the waste to energy market share in 2023.
Technological advancements are emerged as a key trend gaining popularity in the waste-to-energy market. Major companies operating in the waste-to-energy market are focused on innovating new technologies to sustain their position in the market. For instance, in September 2022, Waste Fuel Solutions, a US-based developer of bio-refineries that are focused on converting municipal solid waste into low-carbon fuels, launched the Waste Fuel Methanol technology. The Waste Fuel Methanol technology is designed to produce up to 100 metric tons per day of fuel-grade methanol from a variety of waste sources, including landfill gas and biogas from anaerobic digestion. The process is designed in a modular fashion to improve the overall utilization of resources and allow for cost-effective, quick scaling. This technology will be built efficiently where waste is located and will scale production efficiently and rapidly to meet the shipping industry’s growing demand for green methanol.
The waste to energy market report table of contents includes:
1. Executive Summary
2. Waste To Energy Market Characteristics
3. Waste To Energy Market Trends And Strategies
4. Waste To Energy Market – Macro Economic Scenario
5. Global Waste To Energy Market Size and Growth
……
26. Global Waste To Energy Market Competitive Benchmarking
27. Global Waste To Energy Market Competitive Dashboard
28. Key Mergers And Acquisitions In The Waste To Energy Market
29. Waste To Energy Market Future Outlook and Potential Analysis
30. Appendix
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