Waste to Energy Market by Thermal Technologies (Incineration, Gasification, and Pyrolysis), Biochemical Technologies (Methane Capture, Anaerobic Digestion, and Fermentation), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global waste to energy market was valued at USD 35.1 billion in 2019 and is predicted to expand at a CAGR of 7% during the forecast period, 2021 - 2028. Waste to energy is an efficient technique of waste management that converts primary waste into heat or light form of energy. Energy produced from waste materials helps combat the environment issues caused by climate changes and provides a sustainable environment by treating the non- renewable or recyclable waste.
Use of fossil fuels is reduced, as the production of this energy is rising. Activities associated with the production of chemicals, automobiles, pharmaceuticals, and textiles generate a ton of waste. Several governments are offering incentives and tax benefits to encourage the installment of waste to energy devices, thereby creating energy from waste components.
Market Trends, Drivers, Restraints, and Opportunities:
- Exponential depletion of conventional energy resources (fossil fuels), due to over-consumption, is expected to boost the waste to energy market in the coming years.
- Increasing demand for energy generation from waste is anticipated to fuel the market growth during the forecast period. For example, Suez, a France-based company has developed a CHP+ technique that facilitates heat recovery and captures energy.
- Several governments across countries are adopting policies to ensure that mass manufacturing takes place by using waste components as energy sources.
- Increasing pressure on land due to landfills, lack of space for waste disposal, and rising costs of land are some key factors that can hamper the market growth during the forecast period. Dumping of waste in water bodies harms the aquatic life, which raises the demand for waste to energy methods.
- Thermal techniques of waste to energy such as incineration is harmful to the environment.
- Slow growth of technology for waste management in developing and less developed countries restrains the market growth.
- Some companies adopt projects that have less or no scope of using waste to energy methods, thus impeding the market growth.
- Substantial investments and waste minimization policies in waste management to cope up with increasing garbage disposals prove to be key opportunities for the market development.
Scope of the Report:
The report on the global waste to energy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Waste to Energy Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Thermal Technologies (Incineration, Gasification, and Pyrolysis), Biochemical Technologies (Methane Capture, Anaerobic Digestion, and Fermentation) |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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E Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
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Key Players Covered |
Hitachi Zosen Corporation, Waste Management Inc., Suez Environment S.A., C&G Environmental Protection Holdings, Constructions industrielles de la Méditerranée (CNIM), China Everbright International Limited, Covanta Energy Corporation, Foster Wheeler A.G., Abu Dhabi National Energy Company PJSC, Babcock & Wilcox Enterprises, Inc., and Veolia Environment |
Market Segment Insights:
Thermal Technologies to hold a significant market share
In terms of thermal technologies, the waste to energy market can be divided into incineration, gasification, and pyrolysis. The incineration segment is estimated to hold a major revenue share in the market, as companies adopt this technique help cut the amount of waste by large volume and allow for complete combustion of gases for all types of wastes.
Biochemical Technologies to witness considerable growth in the market
On the basis of biochemical technologies, the market can be divided into methane capture, anaerobic digestion, and fermentation. Recent developments in genetic studies have paved the way to increase the demand for anaerobic digestion, which is anticipated to boost the biochemical waste technologies segment. Since this process is best suited for wet organic waste management, it is expected to act as a substitute of biodegradable process for waste management during the forecast period.
Asia Pacific region to lead the global waste to energy market
Based on regions, the global waste to energy market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to lead the market, as countries such as Japan and China are aggressively developing and increasing their funds to expand the waste to energy market, owing to rapid rise in urbanization. In addition to this, the market in Asia Pacific is expected to witness a significant demand, owing to the increase in the establishment of waste to energy plants in countries such as Singapore, Vietnam, Thailand, Malaysia, and Indonesia.
The waste to energy markets in North America and Europe are expected to grow over the forecast period, due to various government policies providing large subsidies to local companies and growing awareness about climate change and sustainable environment among consumers. Countries in the Middle East such as Abu Dhabi and Sharjah are expected to incline towards the use of pyrolysis and gasification process to treat waste and produce energy.
Segments
The global waste to energy market can be divided based on thermal technologies, biochemical technologies, and regions.
Thermal Technologies
- Incineration
- Gasification
- Pyrolysis
Biochemical Technologies
- Methane Capture
- Anaerobic Digestion
- Fermentation
Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players
- Hitachi Zosen Corporation
- Waste Management Inc.
- Suez Environment S.A.
- C&G Environmental Protection Holdings
- Constructions industrielles de la Méditerranée (CNIM)
- China Everbright International Limited
- Covanta Energy Corporation
- Foster Wheeler A.G.
- Abu Dhabi National Energy Company PJSC
- Babcock & Wilcox Enterprises Inc.
- Veolia Environment
Competitive Landscape
Hitachi Zosen Corporation, Waste Management Inc., Suez Environment S.A., C&G Environmental Protection Holdings, Constructions industrielles de la Méditerranée (CNIM), China Everbright International Limited, Covanta Energy Corporation, Foster Wheeler A.G., Abu Dhabi National Energy Company PJSC, Babcock & Wilcox Enterprises, Inc., and Veolia Environment are major players in the global waste to energy market.
The manufacturers in the global waste to energy market are adopting new technologies for solar energy conversion, which is estimated to reduce operative costs of the plants and devices required in energy conversion. Adoption of vertical mergers and acquisitions have expanded the market share and services & solutions.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Waste to Energy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Waste to Energy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Waste to Energy Market - Supply Chain
4.5. Global Waste to Energy Market Forecast
4.5.1. Waste to Energy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Waste to Energy Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Waste to Energy Market Absolute $ Opportunity
5. Global Waste to Energy Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Waste to Energy Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Waste to Energy Demand Share Forecast, 2019-2026
6. North America Waste to Energy Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Waste to Energy Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Waste to Energy Demand Share Forecast, 2019-2026
7. Latin America Waste to Energy Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Waste to Energy Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Waste to Energy Demand Share Forecast, 2019-2026
8. Europe Waste to Energy Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Waste to Energy Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Waste to Energy Demand Share Forecast, 2019-2026
9. Asia Pacific Waste to Energy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Waste to Energy Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Waste to Energy Demand Share Forecast, 2019-2026
10. Middle East & Africa Waste to Energy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Waste to Energy Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Waste to Energy Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Waste to Energy Market: Market Share Analysis
11.2. Waste to Energy Distributors and Customers
11.3. Waste to Energy Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Hitachi Zosen Corporation
11.4.2. Waste Management Inc.
11.4.3. Suez Environment S.A.
11.4.4. C&G Environmental Protection Holdings
11.4.5. Constructions industrielles de la Méditerranée (CNIM)
11.4.6. China Everbright International Limited
11.4.7. Covanta Energy Corporation
11.4.8. Foster Wheeler A.G.
11.4.9. Abu Dhabi National Energy Company PJSC
2. Assumptions and Acronyms Used
3. Research Methodology
4. Waste to Energy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Waste to Energy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Waste to Energy Market - Supply Chain
4.5. Global Waste to Energy Market Forecast
4.5.1. Waste to Energy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Waste to Energy Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Waste to Energy Market Absolute $ Opportunity
5. Global Waste to Energy Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Waste to Energy Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Waste to Energy Demand Share Forecast, 2019-2026
6. North America Waste to Energy Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Waste to Energy Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Waste to Energy Demand Share Forecast, 2019-2026
7. Latin America Waste to Energy Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Waste to Energy Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Waste to Energy Demand Share Forecast, 2019-2026
8. Europe Waste to Energy Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Waste to Energy Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Waste to Energy Demand Share Forecast, 2019-2026
9. Asia Pacific Waste to Energy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Waste to Energy Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Waste to Energy Demand Share Forecast, 2019-2026
10. Middle East & Africa Waste to Energy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Waste to Energy Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Waste to Energy Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Waste to Energy Market: Market Share Analysis
11.2. Waste to Energy Distributors and Customers
11.3. Waste to Energy Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Hitachi Zosen Corporation
11.4.2. Waste Management Inc.
11.4.3. Suez Environment S.A.
11.4.4. C&G Environmental Protection Holdings
11.4.5. Constructions industrielles de la Méditerranée (CNIM)
11.4.6. China Everbright International Limited
11.4.7. Covanta Energy Corporation
11.4.8. Foster Wheeler A.G.
11.4.9. Abu Dhabi National Energy Company PJSC
The global waste to energy market can be divided based on thermal technologies, biochemical technologies, and regions.
Thermal Technologies
- Incineration
- Gasification
- Pyrolysis
Biochemical Technologies
- Methane Capture
- Anaerobic Digestion
- Fermentation
Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players
- Hitachi Zosen Corporation
- Waste Management Inc.
- Suez Environment S.A.
- C&G Environmental Protection Holdings
- Constructions industrielles de la Méditerranée (CNIM)
- China Everbright International Limited
- Covanta Energy Corporation
- Foster Wheeler A.G.
- Abu Dhabi National Energy Company PJSC
- Babcock & Wilcox Enterprises Inc.
- Veolia Environment
Hitachi Zosen Corporation, Waste Management Inc., Suez Environment S.A., C&G Environmental Protection Holdings, Constructions industrielles de la Méditerranée (CNIM), China Everbright International Limited, Covanta Energy Corporation, Foster Wheeler A.G., Abu Dhabi National Energy Company PJSC, Babcock & Wilcox Enterprises, Inc., and Veolia Environment are major players in the global waste to energy market.
The manufacturers in the global waste to energy market are adopting new technologies for solar energy conversion, which is estimated to reduce operative costs of the plants and devices required in energy conversion. Adoption of vertical mergers and acquisitions have expanded the market share and services & solutions.
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