[184 Pages Report] The Waste-to-Energy Market size was estimated at USD 49.87 billion in 2023 and expected to reach USD 54.70 billion in 2024, at a CAGR 11.77% to reach USD 108.73 billion by 2030.
Waste-to-Energy is the process to generate energy in the form of electricity and heat from the primary waste treatment. Waste-to-energy is the sustainable option for landfills for waste disposal, as it takes non-hazardous waste and processes it using various technologies, including biological & thermal, to produce electricity. Increasing electricity demand from residential & commercial sectors, reduction of greenhouse gas emissions by waste-to-energy technologies, and government initiative & financial schemes encouraging energy production from waste. The high implementation, operating & maintenance costs of incinerators are affecting the deployment of waste-to-energy plants. Moreover, the emerging projects and new advanced Waste-to-Energy technologies such as hydrothermal carbonization (HTC) fast-track the slow process of geothermal conversion of wet waste with an acid catalyst at high pressure and heat.
The European region has a large infrastructure framework in waste-to-energy facilities, with commitments of most European countries to reduce greenhouse gas (GHG) emissions. Emerging players in the regions are supported by government initiatives to develop new technologies and establish sustainable waste management infrastructure by incorporating Waste-to-Energy technologies. For instance, Copenhagen's (Denmark) latest projects include an incinerator that functions as a ski slope and a waste-to-energy (WTE) education center for its citizens, utilizing 54% of waste to create heat and electricity using incinerators. Several market players are expanding Waste-to-Energy generation facilities in the Middle East and Africa region, particularly in the oil & gas industry. The Asia-Pacific region is expected to record exponential growth in the Waste-to-Energy market due to different types of waste availability and its energy generation potential across India and China. Market players in the Asia-Pacific region are attracting huge investments to indulge in research and development activities to enhance the economic viability of energy recovery from waste materials. The Americas witnessed a strong presence of established market players focused on energy generation from organic wastes from industrial operations such as food & beverage manufacturing, biodiesel production, integrated biorefineries, and pharmaceuticals. Additionally, government support for converting waste to energy from commercial, institutional, and residential waste enhances regional market growth.
The market dynamics represent an ever-changing landscape of the Waste-to-Energy Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
- Market Drivers
- Increasing energy demand from residential and commercial sectors and growing focus towards renewable energy
- Governments initiatives and financial schemes to encourage production of energy from wastes
- Market Restraints
- High ownership cost associated with waste-to-energy plant setup
- Market Opportunities
- Emergence of technologically automated & advanced waste-to-energy solutions and systems
- Increasing investments in the new waste-to-energy facilities
- Market Challenges
- Rising concerns related to the environmental hazards and unregulated waste trade of the waste-to-energy
Waste Type: Rising potential of converting liquid waste into energy
Liquid-waste includes hazardous and non-hazardous materials ranging from industrial discharges, household wastewater, fats, oils, and greases from food preparation to liquid by-products from manufacturing processes. The liquid waste management and conversion segment within waste-to-energy markets has seen growing attention owing to the increasing need for sustainable waste treatment methods and energy recovery technologies. Techniques such as anaerobic digestion (for biodegradable liquid waste), thermal treatment, and incineration with energy recovery have been adopted, focusing on maximizing energy capture while minimizing environmental impacts. Solid-waste includes household garbage, commercial waste, industrial waste, and construction debris. Within the realm of waste-to-energy, solid-waste management involves the recovery of valuable resources and conversion of waste into electricity, heat, or fuel through various processes such as combustion (incineration), gasification, pyrolysis, and anaerobic digestion.
Application: Growing applications of waste-to-energy solutions for electricity generation
Waste-to-energy offers a sustainable solution by converting waste into electricity, which has a crucial role in reducing reliance on fossil fuels and mitigating landfill use. The process involves the thermal treatment of waste, including combustion, gasification, or pyrolysis, to produce electricity. This electricity can be supplied to the national grid or used to power the facilities involved in waste processing, thereby creating a self-sustaining energy model. Another significant application of waste-to-energy technologies is the production of transportation fuels. Through processes such as gasification and pyrolysis, waste materials are converted into synthetic gases or bio-oils, which are then processed into fuels such as ethanol, biodiesel, and jet fuel. This offers a renewable alternative to petroleum-based fuels, reducing greenhouse gas emissions and oil import dependence. The use of waste-derived fuels in transportation not only aids in managing waste streams but also supports the transition to a more sustainable and circular economy by promoting the use of renewable resources.
The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Waste-to-Energy Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Waste-to-Energy Market.
The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Waste-to-Energy Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.
The value chain of the Waste-to-Energy Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.
The pricing analysis comprehensively evaluates how a product or service is priced within the Waste-to-Energy Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Waste-to-Energy Market.
The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Waste-to-Energy Market.
The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Waste-to-Energy Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.
The trade analysis of the Waste-to-Energy Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.
The regulatory framework analysis for the Waste-to-Energy Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Waste-to-Energy Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Waste-to-Energy Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Decarbonization: Veolia Becomes the Operator of Turkey's First Waste-to-Energy Production Site
Veolia, an international operator of environmental solutions, opened Turkey's first waste-to-energy production site. This is an important milestone in the country's decarbonization journey as it offers a sustainable and efficient way of producing energy while also helping to address issues related to waste management. The new facility can convert 6,000 tons of domestic waste every year into energy, which is equivalent to the electricity required for more than 7,000 households. This process eliminates the need for burning fossil fuels and helps reduce greenhouse gas emissions from landfills by up to 90%. In addition, the facility produce valuable byproducts such as biochar that can be used to improve soil quality and even generate additional revenue. [Published On: 2023-04-20]
Mitsubishi Heavy Industries Power IDS Receives Order for Renovation Project to Upgrade and Enhance Power Output of Steam Turbine Generation Equipment at Waste Incineration Plant in Taiwan
The waste-to-energy market is undergoing a major transformation, driven by a combination of technological advancement, deregulation of energy markets, and the increasing appeal of renewable energy sources among consumers. The Mitsubishi Heavy Industries (MHI) Group is playing an important role in this shift towards sustainability with its innovative waste-to-energy solutions. MHI's high-efficiency incineration systems boast low running costs, emissions that meet the strictest environmental standards, and advanced recycling capabilities. Furthermore, MHI’s ‘Hybrid Power Plant Solution’ combines traditional thermal power generation technology with renewable energy sources to create clean electricity from nonhazardous solid waste. This solution is helping customers lower their greenhouse gas emissions while generating cost savings through optimal utilization of existing infrastructure. [Published On: 2023-03-17]
Toyota Tsusho to Participated in Second Wind Power IPP Project in Egypt - Contributing to the Further Expansion of Renewable Energy in the Country
Toyota Tsusho Corporation participates in a project that turns waste into energy and other resources for their Green Initiative. This project involves sourcing and managing local resources to create a unique business model, taking into account the environment, sustainability, and of course, the financial viability of the project. In addition to this initiative, they are also looking at ways to reduce their emissions by investing in renewable energy technology. This demonstrates Toyota Tsusho Corporation's commitment to creating sustainable solutions in the Waste-to-Energy market which is encouraging news for all stakeholders involved. [Published On: 2023-03-06]
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Waste-to-Energy Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
The report delves into recent significant developments in the Waste-to-Energy Market, highlighting leading vendors and their innovative profiles. These include ANDRITZ AG, Arrow Ecology & Engineering Overseas (1999) Ltd ., Vanguard Renewables, LanzaTech Global, Inc., Xcel Energy Inc., Axpo Holding AG, SUTCO UK Ltd., Flex Energy Solutions, Doosan Lentjes GmbH, Attero, Terragon Environmental Technologies Inc., Viridor Limited, Mitsubishi Heavy Industries, Ltd., Ener-Core, Inc., MARTIN GmbH für Umwelt- und Energietechnik, Covanta Holding Corp., EEW Energy from Waste GmbH, SUEZ SA, JFE Engineering Corporation, GCL Technology Holdings Limited, AVR-Afvalverwerking B.V., Fortum Corporation, Babcock & Wilcox Enterprises, Inc., Emery Energy Company, CNIM Group, Intouch Monitoring Limited, Abellon CleanEnergy Limited, Grandblue Environment Co., Ltd., Evoqua Water Technologies LLC, Kawasaki Heavy Industries Ltd., China Everbright Limited, Cortus Energy AB, Amandus Kahl GmbH & Co. KG, Energos AS, Veolia Environnement SA, Electricité de France, ENERKEM Inc., Zheneng Jinjiang Environment Holding Company Limited, Klean Industries Inc, Ebara Corporation, Wheelabrator Technologies by Norican Group, Keppel Corporation Limited, Ramboll Group A/S, Hitachi Zosen Corporation, Tana Oy, MAN Energy Solutions SE, and Waste Management, Inc..
This research report categorizes the Waste-to-Energy Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Waste Type
- Liquid-Waste
- Solid-Waste
- Process
- Anaerobic Digestion
- Depolymerization
- Gasification
- Hydrothermal Carbonization
- Plasma Gasification
- Pyrolysis
- Deployment
- Private
- Public
- Application
- Electricity
- Transport Fuels
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Waste-to-Energy Market, by Waste Type
- Waste-to-Energy Market, by Process
- Waste-to-Energy Market, by Deployment
- Waste-to-Energy Market, by Application
- Americas Waste-to-Energy Market
- Asia-Pacific Waste-to-Energy Market
- Europe, Middle East & Africa Waste-to-Energy Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 24]
- List of Tables [Total: 376]
- List of Companies Mentioned [Total: 47]
Wet, dry, and gaseous waste streams are potential resources for producing bioproduct precursors, biofuels, heat, and electricity. According to the U.S. Energy Information Administration (EIA), waste-to-energy plants reduce 2,000 pounds of waste to ash that weighs between 300 pounds and 600 pounds, lowering the amount of waste by about 87%.
Countries worldwide have introduced policies to encourage the use of renewable energy sources, including WtE, where the national governments have provided tax incentives and grants for WtE projects. Currently, there are around 522 WtE plants in Europe compared to 75 in the U.S. The Confederation of European Waste-to-Energy Plants (CEWEP) states that WtE plants in Europe supply 18 million people with electricity and 15.2 million residents with heat.
The global support for decarbonization actions in the sector has also increased the number of funding available for WtE projects. Southeast Asian governments are aiding the spread of waste-to-energy technology, and their primary source of financing and technology from foreign nations. Today, there are nearly ten waste-to-power plants across the ten member states of the Association of Southeast Asian Nations (ASEAN), including developments in Singapore, Thailand, Indonesia, and Vietnam.
As the world continues to explore renewable energy options, WtE emerges as a valuable idea for moving toward a more energy-efficient nature.
The increasing population results in the generation of huge quantities of solid waste generated every day. These wastes cause severe environmental problems. The need for sustainable and efficient waste management solutions is crucial. Government incentives are one of the crucial factors responsible for encouraging investments in WtE production worldwide.
Governments have introduced a variety of financial incentives, such as tax incentives, grants, and subsidies, to promote WtE production. The Renewable Heat Incentive scheme by the UK Government is an excellent example of such policies. It provides financial support to organizations to encourage renewable heat generation from WtE technologies.
Governments also provide targeted policies to increase the use of renewable energy sources, including WtE. For example, many governments mandate or incentivize the utilization of WtE technologies in waste management for public entities such as hospitals, schools, prisons, and so on. Such initiatives can provide energy to power local buildings.
Furthermore, governments also ensure that the collection of feedstock materials is available to the WtE facilities, which can lead to lucrative offtake contracts between the WtE facilities and waste providers.
The benefits of WtE production extend far beyond the production of electricity. For one, it offers efficient waste management solutions to reduce the amount of waste sent to landfills. Governments have realized these benefits, so they actively promote WtE production.
The government's implementation of incentives and policies acts as a significant driving force to promote the uptake of WtE technologies. As it offers an ideal approach to sustainability, efficient waste management, and alternative energy production, WtE initiatives are essential investments for governments across the world. Therefore, the promotion of this technology and the ongoing maintenance of government support are both necessary to achieve global sustainability.
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