Waste to Energy Market Size, Share, Trends, Outlook, Growth Opportunities, and Forecast 2023 - 2030

Global Waste Energy Market is segmented By technology type (Thermal, Biological), By waste (Solid Waste, Liquid Waste, Gaseous Waste), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030 

Waste to Energy Market Report Overview

Report analyses the Global Waste to Energy Market size, shares, recent trends, competitive intelligence, and future market outlook. Demand from Energy and Power in Asia Pacific is rising. Competitive rivalry intensifies with Covanta Energy, Suez Environment, MVV Energie AG and others operating in the market.

Energy waste is a technology to utilize waste as a fuel source to generate electricity. This technology can reduce urban waste by up to 90%. Waste-to-energy technology contributes to sustainable practices by producing clean energy and reducing the disposal or landfilling of waste.

Waste to Energy Market Scope and Summary

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Waste to Energy Market Dynamics and Trends

• A growing economy, rapid urbanization, and industrialization will contribute to the higher municipal solid waste that drives the growth of waste to the energy market in the coming years. Globally, an estimate of more than 6 million tons of waste per day is expected by 2026.
• Complex design considerations for waste treatment and air pollution treatment are the critical restraints that are hampering the market growth.

Waste to Energy Market Segmentation

• The global waste-to-energy market is segmented by technology and waste/ fuel type.
• By technology, the market is segmented into thermal and biological. The biological segment is expected to have significant growth in the forecast period with increasing effectiveness in the conversion of waste to fuel and energy with reduced greenhouse gas emissions.
• By fuel type, the market is segmented as solid waste, liquid waste, and gaseous waste. Solid waste accounted for a significant share of the market with growing urbanization trends and increasing municipal solid waste in recent years.

Waste to Energy Market Geographical Analysis

• By Geography the market is segmented into the Americas, Europe, Asia Pacific, and the Rest of the World. Europe is accounted for a significant share of the global waste to the energy market and is supported by well-developed municipal solid waste management for disposal or treatment.
• Asia Pacific region is expected to post strong growth in the coming years with increasing waste generation and investments in waste management and utilization in energy generation.
• China produces about 300 million tons of municipal solid waste per annum and is expected to reach 500 million tons by 2025. Thus this increase in municipal waste will offer furthermore opportunities for the Waste to Energy market in the coming years.

Waste to Energy Companies and Competitive Landscape

• The key players in the waste-to-energy market are Covanta Energy, China Everbright, and others. Market players are developing new technologies for waste management and energy conversion to be competitive in the market.
• For instance, in November 2018, Geforce launched a new technology called Plasmolysis to generate hydrogen from industrial wastewater, further mixing it with biogas produces hydrogen-enriched compressed natural gas (HCNG), which is a cost-effective, eco-friendly fuel for the generation of electricity.